Costs fall as sales edge up
Arubaito Times Co., Ltd. (TSE: 2341), a Shizuoka-based recruitment-media and human-resources services company, reported consolidated first-half results for FY2/2027, the six months from March 1 to August 31, 2026, on October 8, 2026 under Japanese GAAP. Net sales rose 1.5% to ¥2,441 million while cost of sales fell 0.9% to ¥801 million, lifting gross profit 2.8% to ¥1,639 million. Selling, general and administrative expenses, which include goodwill amortization, fell 1.7% to ¥1,488 million, so operating profit rose 84.3% to ¥151 million from ¥82 million.
Ordinary profit rose 93.7% to ¥156 million. A ¥26 million gain on the sale of investment securities took pre-tax profit to ¥182 million, more than double the ¥80 million of a year earlier, and profit attributable to owners of the parent rose 81.7% to ¥115 million.
HR tech carries the half
Human-resources services, the main segment, grew sales 2.9% to ¥2,239 million and segment profit 19.4% to ¥537 million, helped by steady sales of Wagasha de DOMO, a subscription-based recruitment-management system, and of HR-tech and full-time recruitment products. The company kept publishing themed special editions of its free job magazine DOMO and pushed its recruitment process outsourcing business, which uses freelance and side-job professional recruiters, beyond the Tokyo area. Sales-promotion support, mainly the distribution of free papers, saw sales fall 11.4% to ¥204 million as volumes kept declining, but segment profit nearly tripled to ¥34 million. Labor-market conditions in Shizuoka Prefecture, the company's home market, remain soft: the job-openings-to-applicants ratio there was 1.08 in August against 1.18 nationally.
Balance sheet
Total assets fell 1.6% to ¥3,557 million from February 28, and net assets rose 0.6% to ¥2,872 million after dividend payments and the cancellation of treasury shares; the equity ratio was 80.7%. Cash and deposits rose 4.9% to ¥1,797 million, and operating cash flow was ¥176 million.
Net-profit forecast raised
The company left its FY2/2027 forecasts for net sales of ¥5,024 million, operating profit of ¥280 million and ordinary profit of ¥277 million unchanged, but raised its net-profit forecast by 20.3% to ¥167 million from ¥139 million, or ¥9.18 per share, reflecting the securities gain. First-half operating profit represents about 54% of the full-year target. The year-end dividend forecast was not changed.
| Metric | H1 FY2/2027 | H1 FY2/2026 | Change |
|---|---|---|---|
| Net sales (¥ million) | 2,441 | 2,404 | +1.5% |
| Gross profit (¥ million) | 1,639 | 1,595 | +2.8% |
| SG&A expenses (¥ million) | 1,488 | 1,513 | −1.7% |
| Operating profit (¥ million) | 151 | 82 | +84.3% |
| Ordinary profit (¥ million) | 156 | 80 | +93.7% |
| Pre-tax profit (¥ million) | 182 | 80 | +126.1% |
| Net profit attrib. to owners of parent (¥ million) | 115 | 63 | +81.7% |
| Human resources services — revenue (¥ million) | 2,239 | 2,176 | +2.9% |
| Human resources services — segment profit (¥ million) | 537 | 449 | +19.4% |
| Sales-promotion support — revenue (¥ million) | 204 | 230 | −11.4% |
| Sales-promotion support — segment profit (¥ million) | 34 | 12 | +180.5% |
| Total assets (¥ million) | 3,557 | 3,613 | −1.6% |
| Net assets (¥ million) | 2,872 | 2,855 | +0.6% |
| Equity ratio | 80.7% | — | — |
| FY2/2027 guidance — revenue (¥ million) | 5,024 | — | — |
| FY2/2027 guidance — operating profit (¥ million) | 280 | — | — |
| FY2/2027 guidance — ordinary profit (¥ million) | 277 | — | — |
| FY2/2027 guidance — net profit (¥ million) | 167 | — | — |
| FY2/2027 guidance — EPS (¥) | 9.18 | — | — |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.