Message from Management
Meanwhile, the challenges facing Japan’s labor market have grown increasingly complex and diverse due to a shrinking workforce, technological advancements, changes in the industrial structure, revisions to labor regulations, and the diversification of job seekers’ lifestyles and mindsets about work.
Overcoming these challenges will be essential for Japan as a whole to continue to grow. Japan needs to encourage its non-labor force population to enter the workforce by providing employers with a multitude of ways to tap into talent pools and by offering a diversity of working styles. It also needs to enhance the productivity of its existing workforce by allocating its human resources to optimum roles. As such, we expect the social responsibility borne by human resource services firms to grow even greater going forward.
We want to make society a better place by facing these challenges head-on and overcoming them. Our Group vision is creating a social infrastructure for people and organizations that catalyzes growth and innovation, and we intend mobilize the collective strengths of our Group more than ever before in order to provide as many individuals and organizations as possible with the value that will help them grow.
To achieve our Group vision, we have devised a Mid-term Management Strategy that will take us through the fiscal year ending March 2020. This strategy will serve as our guide in executing initiatives aimed not only at enabling the sustained growth of each of our businesses, but also at better harnessing the total power of our Group.
First, in order to enhance our Group’s total power, we have established the new Group brand PERSOL. By increasing awareness of the Group, we will solidify a platform that enables us better than ever before to provide our corporate clients with the opportunity to access our Group’s full line of services and our individual clients with the optimum employment options to meet the diverse needs of their different life stages. This is what we mean by supporting our clients with our total power.
We will also proactively invest in IT systems and M&A activity aimed at further growing our businesses. This will include initiatives aimed at enhancing the convenience and stability of our IT systems by improving the interfaces for our online services, ensuring they provide better recommendations, and enhancing their security. We will also overhaul the core systems of our businesses and improve our business processes in order to increase our internal productivity. In addition, we will explore the possibility of engaging in R&D efforts focused on new business models. Through these initiatives, we will evolve into a provider of services that customers choose and society truly needs.
Given the likelihood that the mobility of human resources in the Asia-Pacific region will increase going forward, we will also expand our business base overseas. We launched a joint venture in North Asia with the US firm Kelly Services in 2012. We subsequently expanded our collaboration to cover the whole of the Asia-Pacific region, establishing a new joint venture called TS Kelly Asia Pacific. We aim to become Asia’s leading comprehensive staffing services company, providing total HR solutions to diverse individuals and organizations.
As a result of these initiatives, we plan to achieve net sales of ¥750 billion, EBITDA of ¥60 billion, and operating income of ¥45 billion in the fiscal year ending March 2020.
We intend to reward our shareholders with consistent and stable dividends while also using our retained earnings to invest in future growth. We hope to respond to the expectations of our shareholders and investors by augmenting our enterprise value.
In our view, enacting robust corporate governance and ensuring the transparency of our management decision-making process are also essential to the healthy growth and development of our Group. At the same time, we intend to create opportunities to engage with our shareholders and investors through proactive IR activities so that we can both fully account for any management decisions that involve assuming risk and also access views from a wide variety of perspectives.
The PERSOL Group will endeavor to overcome the issues posed by an increasingly complex and diverse labor market. No matter how much working styles or organizations change, work will always represent an opportunity for people to grow. It is our firm belief that such personal growth brings vitality to the organization and by extension to society as a whole.
The PERSOL Group will also continue to grow and expand, working ever harder to achieve our founding principle of being a partner in each of our client’s growth. We hope that our shareholders and investors will continue to be our partners on that journey and we kindly request your continued support.
Representative Director, President and CEO
PERSOL HOLDINGS CO., LTD.