| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 820.91 | 328 |
| Intrinsic value (DCF) | 115.16 | -40 |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
Arbeit-Times Co., Ltd. (2341.T) is a Tokyo-based publisher specializing in job information for non-regular employees in Japan. Founded in 1973, the company is best known for its DOMO magazine, a free publication targeting part-time, temporary, and contract workers. Arbeit-Times has expanded its digital footprint with DOMO NET, an online job portal for non-regular employees, and JOB, a platform catering to regular employees and new graduates. Additionally, the company offers Wagasha de DOMO, a recruitment management system. Operating in the competitive Japanese job information market, Arbeit-Times plays a niche role in the broader Communication Services sector by addressing the needs of flexible workforce segments. Despite challenges in profitability, the company maintains a strong cash position and a modest market capitalization of approximately ¥2.67 billion.
Arbeit-Times Co., Ltd. presents a mixed investment profile. The company operates in a specialized niche within Japan's job information market, focusing on non-regular employment—a segment with steady demand given Japan's labor market dynamics. However, recent financials show concerning trends, with a net loss of ¥-467.9 million in the latest fiscal year and negative diluted EPS of -25.58. While the company maintains a strong cash position (¥1.98 billion) with minimal debt (¥3.99 million), its operating cash flow (¥97.9 million) is barely positive after accounting for capital expenditures. The 0.246 beta suggests low volatility relative to the market, but investors should weigh the company's niche positioning against its profitability challenges and the competitive digital job platform landscape.
Arbeit-Times occupies a unique position in Japan's job information market by focusing exclusively on non-regular employment—a segment often underserved by larger recruitment platforms. Its DOMO magazine maintains brand recognition in print, while DOMO NET provides digital reach. However, the company faces intense competition from generalist job platforms and tech-driven recruitment services. Its competitive advantage lies in specialized content for flexible workers, but this niche focus also limits scalability compared to broader platforms. The company's Wagasha de DOMO recruitment system shows potential in B2B services, yet it lacks the technological sophistication of modern HR SaaS solutions. Arbeit-Times' financial constraints (evidenced by negative net income) may hinder its ability to invest in digital transformation, putting it at risk against better-capitalized competitors. Its low beta suggests stable demand for its niche services, but growth potential appears limited without significant strategic shifts or partnerships.