Persol Holdings

{{Infobox company

| name = Persol Holdings

| logo = Persol_Holdings_logo.png

| type = Conglomerate

| industry = Labour hire, Human Resources

| founder = Yoshiko Shinohara

| location = Japan

| revenue = 970.57bn jpy

| revenue_year = 2020

| net_income = 7.61bn jpy

| net_income_year = 2020

| equity = 351.27bn jpy

| equity_year = 2020

| num_employees = ~45,180

| num_employees_year = 2020

| subsid = Programmed Maintenance, Skilled Group

| homepage = https://www.persol-group.co.jp/en

}}{{Use dmy dates|date=April 2017}}

Persol Holdings (rebranded from Temp Holdings) is a Japanese human resource management company, that provides labour hire services to clients.

Corporate history

The company was founded as 'Temp Holdings' in 1973 by Yoshiko Shinohara in her apartment. At the time, temporary staffing was an illegal form of employment in Japan, and Yoshiko was concerned that her company's illegal activities would cause her to be imprisoned.{{Cite web|last=Clifford|first=Catherine|date=2017-01-24|title=Japan's first self-made woman billionaire began with an idea that could have sent her to jail|url=https://www.cnbc.com/2017/01/24/japans-first-self-made-woman-billionaire-sees-opportunity-in-mistakes.html|access-date=2020-07-24|website=CNBC|language=en|archive-date=13 November 2020|archive-url=https://web.archive.org/web/20201113160631/https://www.cnbc.com/2017/01/24/japans-first-self-made-woman-billionaire-sees-opportunity-in-mistakes.html|url-status=live}} The temporary staffing industry was eventually legalised and regulated in Japan through the 1985 Worker Dispatch Law.{{cite web

|title=Act for Securing the Proper Operation of Worker Dispatching Undertakings and Improved Working Conditions for Dispatched Workers

|url=http://www.cas.go.jp/jp/seisaku/hourei/data/aspo.pdf

|url-status=dead

|archive-url=https://web.archive.org/web/20090521030533/http://www.cas.go.jp/jp/seisaku/hourei/data/aspo.pdf

|archive-date=2009-05-21

|publisher=Japanese Cabinet Secretariat

|date=March 2007

|accessdate=2009-04-03}}{{cite journal

|title=The Temporary Staffing Industry in Protected Employment Economies: Germany, Japan and the Netherlands

|ssrn=1126820

|last1=Shire |first1=Karen

|last2=Van Jaarsveld |first2=Danielle D.

|year=2008

|journal=2008 Industry Studies Conference Paper

}}

Until 1988, the management of Temp holdings was exclusively female.

As of 2016, the company collects revenues of US$4.5 billion.{{cite web|author=|date=|title=Meet Japan's First Self-Made Woman Billionaire|url=https://www.forbes.com/sites/chloesorvino/2017/01/20/meet-japans-first-self-made-woman-billionaire-yoshiko-shinohara-temp-holdings/#c204616d90d8|accessdate=30 March 2017|work=Forbes.com|archive-date=31 March 2017|archive-url=https://web.archive.org/web/20170331032907/https://www.forbes.com/sites/chloesorvino/2017/01/20/meet-japans-first-self-made-woman-billionaire-yoshiko-shinohara-temp-holdings/#c204616d90d8|url-status=live}}

It is one of Japan's largest staffing companies, with 32,000 employees and a market cap of $5.7B as of 2017.{{Cite web|date=2017-07-14|title=Japan's Persol snaps up Programmed Maintenance Services in $778m takeover deal|url=https://www.afr.com/companies/infrastructure/japans-persol-snaps-up-programmed-maintenance-services-in-778m-takeover-deal-20170714-gxb46x|access-date=2020-07-24|website=Australian Financial Review|language=en|archive-date=24 July 2020|archive-url=https://web.archive.org/web/20200724205135/https://www.afr.com/companies/infrastructure/japans-persol-snaps-up-programmed-maintenance-services-in-778m-takeover-deal-20170714-gxb46x|url-status=live}}

In October 2017, it acquired the Australian labour hire company Programmed Maintenance for $778M.{{Cite web|date=2017-07-14|title=Programmed Maintenance shares soar on $778m takeover bid|url=https://www.abc.net.au/news/2017-07-14/program-maintenance-takeover/8709168|access-date=2020-07-24|website=www.abc.net.au|language=en-AU|archive-date=16 May 2018|archive-url=https://web.archive.org/web/20180516101640/http://www.abc.net.au/news/2017-07-14/program-maintenance-takeover/8709168|url-status=live}}

References

Category:Service companies of Japan

Category:Japanese companies established in 1973

Category:Business services companies established in 1973

Category:2017 mergers and acquisitions