1. Japan Stocks

  2. •

    Commercial services

  3. •

    Personnel services
Open Up Group Inc.

Open Up Group Inc.

TTSE:2154
2,064.00
JPY
+46.00
(+2.28%)
162.87BMarket Cap
Nov 06Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
463.3
542.33
780.44
1,109.07
1,636.16
1,925.73
1,918.29
1,804.19
1,667.87
1,725.02
1,998.39
2,163.28
1,966.61
- -
Basic EPS, GAAP
20.94
26.7
39.45
49.58
64.31
87.46
31.32
-494.84
78.3
109.12
135.76
144.55
138.9
- -
Free Cash Flow per Basic Share
21.69
27.62
31.85
53.66
119.85
110.33
104.53
89.71
167.67
170.23
212.81
151.04
202.93
- -
Dividend per Share
12.46
13.71
16.24
19.95
24.31
32.57
34.94
32.59
44.56
45.42
53.02
75.11
80.89
- -
Book Value per Share
100.24
114.11
137.51
169.79
320.7
364.33
299.14
715.8
714.26
748.3
843.15
907.02
944.36
944.36
Tangible Book Value per Share
96.44
110.73
80.6
70.85
179.99
218.07
191.62
186.02
184.09
210.64
239.95
225.43
205.19
205.19
Basic Weighted Avg Shares
38
38
39
39
40
42
43
55
89
87
87
87
85
86
Sales/Revenue/Turnover
17,645
20,819
30,144
43,035
65,363
81,596
81,755
98,887
148,573
150,697
173,225
187,954
167,483
- -
Operating Margin (%)
7.32
7.67
8.46
7.48
6.58
7.01
5.71
-25.5
6.8
8.07
8.25
8.64
9.97
- -
Depreciation Expense
96
84
342
525
794
1,037
1,209
1,883
3,008
2,242
2,150
2,405
2,355
- -
Net Income, GAAP
797
1,025
1,524
1,924
2,569
3,706
1,335
-27,122
6,975
9,533
11,768
12,559
11,829
- -
Effective Tax Rate (%)
38.6
36.58
40.23
37.86
36.05
32.17
55.37
- -
31.18
27.5
28
22.24
29.68
- -
Profit Margin (%)
4.52
4.92
5.06
4.47
3.93
4.54
1.63
-27.43
4.69
6.33
6.79
6.68
7.06
- -
Working Capital
2,699
3,264
2,453
4,358
7,785
8,313
5,612
15,641
8,816
11,742
12,060
8,561
12,285
12,285
LT Debt
15
8
1
2,306
1,810
714
515
6,307
591
120
30
- -
4,983
4,983
Total Equity
3,832
4,406
5,322
6,697
13,714
15,802
12,945
64,721
63,344
65,015
73,346
78,867
80,293
80,293
Return on Invested Capital (%)
18.64
20.07
21.7
19.39
16.59
17.97
10.8
- -
9.66
12.99
14
15.31
13.07
- -
Return on Capital (%)
21.67
24.77
26.31
21.42
18.1
19.84
7.41
- -
9.98
14.59
16.74
16.09
13.74
- -
Return on Common Equity (%)
21.81
24.88
31.33
32.28
25.46
25.54
9.45
-69.76
10.88
14.86
17.04
16.52
14.87
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Dec'26
Jun'26
ST Debt
- -
5,000
5,000
LT Borrowings
- -
4,980
4,983
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
85
85
85
Market Capitalization
154,197
156,554
162,869

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Dec'26
Jun'26
Total Current Assets
- -
46,959
49,980
Cash, Cash Equivalents & STI
- -
22,858
24,949
Accounts Receivable, Net
- -
20,086
21,036
Inventories
- -
- -
- -
Total Current Liabilities
- -
37,488
37,695
Payables & Accruals
- -
- -
- -
ST Debt
- -
5,000
5,000
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
55.04%
4.53%
1.81%
Free Cash Flow
43.27%
46.04%
31.69%
Net Income, GAAP
-215.62%
-12.94%
-5.81%
Sales/Revenue/Turnover
20.49%
12.85%
-10.89%
Total Cash Common Dividend
30.44%
37.12%
5.56%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
43,996
43,723
41,615
46,557
173,225
2025
- -
- -
- -
- -
187,954
2026
- -
- -
- -
- -
167,483

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
26.29
35.5
33.05
40.89
135.76
2025
- -
- -
- -
- -
144.55
2026
- -
- -
- -
- -
138.9

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
33.06
-0.02
19.94
0.07
53.02
2025
- -
- -
- -
- -
75.11
2026
- -
- -
- -
- -
80.89

Company Description

Company Profile APIChatGPT
CEO
Yutaka Nishida
Full Time Employees
26,862
Sector
Commercial services
Industry
Personnel services
Address
Tokyo Toranomon Global Square Tokyo TY Japan 105-0001
IPO Date
Jun 1, 2007
Website
yumeshin-benext.co.jp
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Business
Open Up Group Inc. (2154.T) provides human resource services primarily through engineer dispatching, business contracting, and staffing solutions for manufacturers, general contractors, and IT companies in Japan and overseas. The company operates in engineering, manufacturing, overseas, and other segments, offering engineer temporary staffing in mechanical electricity, IT, construction management, and other fields; embedded software development and image recognition software; research and development solutions; automotive development support and technical consulting; manufacturing plant contracting; employment promotion for people with disabilities; and additional services including real estate rentals, vocational training, office building leasing, and restaurant management. Subsidiaries such as BeNEXT Technologies Inc., BeNEXT Solutions Inc., Nihon Axis Co., Ltd., EISEBU PLUS CORPORATION, Etech Corporation, Open Up Technology Inc., and Open Up Construction Inc. support these operations, with a workforce of approximately 24,238 engineers as of September 2025 and revenue of 187.9 billion yen for the fiscal year ending June 2025. Founded in August 1997 and headquartered at 16F Tokyo Toranomon Global Square, 1-3-1 Toranomon, Minato-ku, Tokyo 105-0001, Japan, the company lists on the PRIME Market of the Tokyo Stock Exchange. Formerly BeNext-Yumeshin Group Co., it changed its name to Open Up Group Inc. in January 2023 following a 2021 merger between BeNEXT Group Inc. and Yumeshin Holdings Co., Ltd.; in April 2024, it acquired UT Technology Co., Ltd. (renamed Open Up Technology Inc.) and UT Construction Co., Ltd. (renamed Open Up Construction Inc.), while selling BeNEXT Partners Inc. to UT Group Co., Ltd.; in October 2024, it acquired IR Inc. and restructured internal businesses including splits and mergers; and in July 2025, it merged Open Up System Inc. and Arrow Trust Systems Co., Ltd. into Open Up Systems, Inc., alongside announcing an equity buyback completed in 2025.