| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 1675.03 | 41 |
| Intrinsic value (DCF) | 374.50 | -69 |
| Graham-Dodd Method | n/a | |
| Graham Formula | 459.54 | -61 |
Will Group, Inc. (6089.T) is a leading Japanese human resource services provider specializing in temporary staffing, outsourcing, permanent placement, and language education support. Headquartered in Tokyo, the company operates domestically and internationally, offering a diverse range of HR solutions, including IT support, executive search, nursing staff placement, and business consulting. Will Group also runs language schools for children and provides online recruitment services in Myanmar. Founded in 2006, the company has established itself as a key player in Japan's staffing and employment services sector, part of the broader Industrials industry. With a market capitalization of approximately ¥20.9 billion, Will Group serves a critical role in Japan's labor market, addressing workforce needs across multiple industries. The company's integrated HR services and expansion into education and consulting demonstrate its adaptability in a competitive market.
Will Group presents a stable investment opportunity with moderate growth potential in Japan's HR services sector. The company's diversified service offerings, including temporary staffing, permanent placement, and language education, provide revenue stability. With a beta of 0.615, it exhibits lower volatility compared to the broader market. Financials show solid profitability (¥2.78 billion net income) and positive operating cash flow (¥3.83 billion), though debt levels (¥11.6 billion) warrant monitoring. The dividend yield (¥44 per share) may appeal to income-focused investors. Risks include exposure to Japan's aging workforce trends and competitive staffing industry pressures. The company's expansion into Myanmar and education services could offer growth avenues but also introduce geopolitical and execution risks.
Will Group competes in Japan's fragmented staffing industry by offering a vertically integrated HR services platform spanning temporary staffing, permanent placement, and niche services like language education. Its competitive advantage lies in service diversification - unlike pure-play temp staffing firms, Will Group captures more value across the employment lifecycle through add-on services like training and consulting. The company's language education vertical provides cross-selling opportunities with its teacher dispatch services. However, Will Group lacks the scale of Japan's staffing leaders like Recruit Holdings, limiting its bargaining power with large clients. Its overseas presence remains minimal compared to global HR giants. The company's focus on specialized placements (nursing, IT) helps differentiate but exposes it to sector-specific demand fluctuations. Financially, Will Group maintains healthier margins than many staffing peers but carries higher debt relative to cash reserves. Its multi-service model provides stability but may lack focus compared to niche specialists.