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Japanese operator of Bizreach, an online recruiting platform connecting professionals with employers directly.
Japanese operator of Bizreach, an online recruiting platform connecting professionals with employers directly.
Employers pay both an access fee and a success fee on hiring, while job-seekers can use it largely free, so revenue tracks the number of mid-career job moves and company hiring. It was reorganised as a holding company around 2020 to house newer lines such as HR software.
In one line: Japan's LinkedIn Talent Solutions / ZipRecruiter.
Moat: narrow (network effects, brand, data). Two-sided marketplace with a large resume database creates network effects versus new entrants.
Headquarters: Tokyo, Japan · Founded: 2009 · Employees: 2,967
Size Visional (4194.T) is a Japan Industrials company (Miscellaneous Commercial Services) with a market value of $2.51B, the 413th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥9,753 on 6 Nov 2026.
Performance Over six months the shares gained 32.0%, against +0.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 23.9% over the last twelve months (peer median +16.5%); the operating margin is 24.7% (peer median 16.3%).
Valuation It trades at 20.2× forward earnings against a peer median of 19.1× (10th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -31 pp: the price already allows for a slowdown.
Next results Next results expected around 10 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥99.3B | ¥99.3B | ¥80.2B | ¥66.1B | ¥56.3B |
| Revenue growth | — | +24% | +21% | +18% | — |
| Gross profit | ¥88.6B | ¥88.6B | ¥72.9B | ¥60.4B | ¥50.5B |
| EBITDA | ¥27.5B | ¥27.5B | ¥23.2B | ¥19.1B | ¥14.5B |
| Net income | ¥18.6B | ¥18.6B | ¥16.0B | ¥13.0B | ¥9.93B |
| Free cash flow | n/a | ¥22.3B | ¥17.6B | ¥17.4B | ¥10.4B |
| Capital expenditure | n/a | ¥1.18B | ¥1.96B | ¥930M | ¥584M |
| Total debt | ¥156M | ¥156M | ¥119M | ¥46.0M | ¥39.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Visional 4194.T | $2.51B | +32% | +24% | 25% | 20.2× | -2.4% |
| Recruit 6098.T | $149B | +133% | +9% | 20% | 30.3× | 22.0% |
| Persol 2181.T | $4.11B | +22% | +10% | 4% | 13.7× | -10.3% |
| en Inc. 4849.T | $504M | +60% | -11% | 7% | 9.6× | 5.3% |
| JAC Recruitment 2124.T | $1.21B | +34% | +12% | 26% | 19.3× | -1.0% |
| dip 2379.T | $520M | -17% | -9% | 7% | 68.1× | -1.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 4194.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.8% | -3.1% | 5th highest of 21 |
| 6-month return | +32.0% | +0.8% | 4th highest of 21 |
| Distance from 52-week high | -13.2% | -24.1% | 3rd highest of 21 |
| Revenue growth (TTM) | +23.9% | +16.5% | 9th highest of 21 |
| Operating margin | 24.7% | 16.3% | 5th highest of 21 |
| Forward P/E | 20.2× | 19.1× | 10th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -2.4% | 5.2% | 4th least demanding of 16 |
| Growth delivered (Del g) | +28.2% | +13.9% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | -30.6 pp | -9.0 pp | least demanding of 15 |
| EV / EBITDA | 11.4× | 11.7× | 7th cheapest of 13 |
| Net debt / EBITDA | -3.0× | 0.8× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Visional 4194.T | Japan | $2.51B | +32% | +24% | 25% | 20.2× | -2.4% | +28.2% |
| CECEP Environmental Protection 300140.SZ | China | $2.51B | -18% | -2% | 23% | n/a | -1.2% | +26.0% |
| KWS SAAT SE & Co KGaA KWS.DE | Germany | $2.48B | -12% | -3% | 15% | 13.2× | -8.2% | +4.4% |
| S-1 012750.KS | South Korea | $2.45B | +14% | +1% | 7% | 21.8× | -1.2% | +5.4% |
| Shanghai GenTech 688596.SS | China | $2.42B | +56% | +4% | 2% | 76.5× | n/a | n/a |
| Hui Lyu Ecological Technology Groups 001267.SZ | China | $2.61B | -59% | +90% | 10% | 71.6× | n/a | n/a |
| International Workplace IWG.L | United Kingdom | $2.63B | +12% | 0% | 4% | 22.5× | 33.6% | +3.3% |
| V2X VVX | United States | $2.39B | +9% | +13% | 4% | 11.3× | -1.4% | +26.3% |
| Huron Consulting HURN | United States | $2.63B | +39% | +12% | 12% | 16.5× | -4.0% | +14.3% |
| Ardentec 3264.TWO | Taiwan | $2.36B | -30% | +32% | 30% | 12.3× | 5.2% | +7.7% |
| Sigurd Microelectronics 6257.TW | Taiwan | $2.33B | -19% | +12% | 22% | 14.0× | n/a | n/a |
| Pluxee PLX.PA | France | $2.72B | 0% | +1% | 28% | 8.9× | n/a | n/a |
| Suzhou Nanomicro Technology 688690.SS | China | $2.31B | +17% | +26% | 25% | 57.1× | 35.3% | +35.2% |
| TIC Solutions TIC | United States | $2.26B | +5% | +39% | -1% | n/a | 51.8% | n/a |
| Biocytogen Pharmaceuticals (Beijing) 688796.SS | China | $2.22B | -19% | +40% | 24% | 92.6× | 32.3% | +41.1% |
| CoreCivic CXW | United States | $2.84B | +41% | +24% | 10% | 12.1× | -1.6% | +3.0% |
| China Automotive Engineering Research Institute 601965.SS | China | $2.18B | -8% | +12% | 24% | 13.2× | -5.6% | +7.9% |
| Firstsource Solutions FSL.NS | India | $2.16B | +25% | +20% | 12% | 22.0× | 20.3% | +13.5% |
| Sagility SAGILITY.NS | India | $2.15B | +2% | +28% | 18% | 16.4× | 10.3% | +19.5% |
| Inventurus Knowledge Solutions IKS.NS | India | $2.94B | -2% | +20% | 31% | 31.8× | 21.2% | +45.8% |
| Jiangsu Boqian New Materials Stock 605376.SS | China | $2.94B | -43% | +76% | 20% | 38.8× | n/a | n/a |