Employment Services and SaaS Monthly (May 2026)

Research evidence excerpt

Employment Services and SaaS Monthly (May 2026)

Japan | Business & Employment Services EquityMayResearch12, 2026

Employment Services and SaaS Monthly (May

2026)

We summarize the topics and data for the employment sector. News: 1)

HR service share price down vs Topix in the past month, 2) Jobs to worker

ratio up slightly due to decrease in jobseekers, 3) Visional launched a new

labor management service; 4) Oasis has increased its stake in En (4849

JP) from 7.9% to 9.9% sending shares higher. 5) Although only available till

Mar, JOLTS hiring data is getting better at down 1.2% in Mar vs down 4.4%

previous month.

Share price performance: TOPIX was +2.7% over the past month (through 11 May), with

the median share price performance for HR services down 2.2% compared with the previous

month.

Monthly data and topics:

Visional (4194 JP) through HRMOS announced that it has launched a new labour

management service that leverages information collected during the hiring process to support

employee retention after joining the company. By using interview evaluations and candidates’

preferences at the workplace after assignment, the service makes it easier to provide tailored

retention support on the ground. In an interview with the Nikkei, Ms Risako Suefuji said that

it will use AI to improve the feedback mechanisms of Bizreach and would be a competitive

advantage to have 3.3mn candidate CVs on the platform which the data can be enhanced.

dip (2379 JP) said that the wage growth in the manufacturing and technology sector is largest

with 28.2% wage rise to ¥1,537 per hour. It is increasingly easier for SMEs to pass on wage

growth through price rises. However, food and beverage sector is experiencing less wage

growth, up 2.4% YoY.