Recruit Holdings Co., Ltd. · TSE:6098
Recruit — Shareholder Meeting (June 2016)
24 slides from Recruit's shareholder meeting presentation, Jun 21, 2016
Slide 1: 56th Ordinary General Meeting of Shareholders
56th Ordinary General Meeting of Shareholders Fecruit June 21, 2016 Recruit Holdings Co., Ltd.
Slide 2: Summary of Consolidated Earnings Performance in the 56th Fiscal Year
Summary of Recruit Holdings’ Consolidated Earnings Performance in the 56th Fiscal Year (April 1, 2015 to March 31, 2016) Frecruit
Slide 3: Summary of Consolidated Statement of Income
This is a summary of the Consolidated Statement of Income for the 56th fiscal year. We recorded net sales of ¥1,588.6 billion, an increase of 22.2% year on year. EBITDA, which we use as a management index, totaled ¥202.2 billion, an increase of 5.7%. And our net income attributable to owners of the
Slide 4: EBITDA definition and goodwill
Our EBITDA is operating income plus depreciation and amortization and amortization of goodwill. Goodwill, which is recognized at the time of M&A, is the amount calculated by deducting the acquired companyʼs equity from the stock acquisition price. This is amortized over a set period.
Slide 5: Main business segments
Our main business segments are Marketing Media, HR Media, and Staffing.
Slide 6: Sales by segment
This slide shows our sales by segment. Net sales were strong in all of the three main business segments, and grew year on year. In particular, sales in the Staffing segment increased substantially thanks to the contribution of the business results of Chandler Macleod and other acquired companies.
Slide 7: EBITDA by segment
This is our EBITDA performance by segment. EBITDA rose by 5.7% year on year to ¥202.2 billion, which was a record high.
Slide 8: Segment Earnings Summary
Segment Earnings Summary
Slide 9: Marketing Media: Life Event and Lifestyle operations
Marketing Media mainly consists of Life Event operations and Lifestyle operations. Life Event operations primarily consist of SUUMO, a housing information service, and Zexy, a bridal information service. Lifestyle operations chiefly consists of Jalan, a travel information service, Hot Pepper Gourmet
Slide 10: Marketing Media net sales and EBITDA
Net sales in the Marketing Media business segment totaled ¥349.3 billion, an increase of 4.8% year on year, driven by strong sales in the Lifestyle operations. EBITDA dropped by 3.1% year on year to ¥93.2 billion, mainly due to the impact of including the business results of overseas subsidiaries, s
Slide 11: Life Event operations sales breakdown
This slide shows the breakdown of sales from the Life Event operations. Housing & real estate business sales increased by 4.9% year on year as a result of steady growth in the independent housing division and the leasing division, despite sluggish sales in the newly built condominium division. Brida
Slide 12: Lifestyle operations sales breakdown
This slide shows the breakdown of sales from the Lifestyle operations. Sales in the travel business rose by 13.8% year on year owing to growth in both room rates and the number of guests. In the dining business, an increase in the number of clients as a result of the growth in online reservations an
Slide 13: HR Media segment operations
The HR Media segment is comprised of domestic and overseas recruiting operations. Our domestic recruiting operations primarily consist of Rikunabi, a job search website for new graduates, Rikunabi NEXT, a job portal site for mid-career jobseekers, RECRUIT AGENT, an employment placement service for j
Slide 14: HR Media net sales and EBITDA
Net sales in the HR Media segment totaled ¥359.2 billion, an increase of 18.7% year on year. In the meantime, EBITDA was ¥88.0 billion, an increase of 12.8%.
Slide 15: Domestic recruiting operations sales
Sales in the domestic recruiting operations grew by 6.7% year on year, reflecting favorable market conditions including the continued high-level ratio of job-offers to job- seekers.
Slide 16: Overseas recruiting operations sales
In the overseas recruiting operations, sales rose substantially by 83.1% year on year, thanks to a continued increase in utilization of the Groupʼs services by small- and medium-sized clients. Meanwhile, the average monthly number of unique visitors steadily grew during the period from January to De
Slide 17: Staffing segment operations
The Staffing segment consists mainly of domestic and overseas staffing operations. Recruit Staffing and Staff Service Group are the two companies that primarily make up the domestic staffing operations. Meanwhile, Staffmark and Advantage Resourcing, which mainly operate in North America, and Chandle
Slide 18: Staffing net sales and EBITDA
Net sales in the Staffing segment grew by 31.8% from the previous fiscal year to ¥890 billion. Meanwhile, EBITDA was ¥49.6 billion, a year-on-year increase of 21.9%.
Slide 19: Domestic staffing operations sales
In the domestic staffing operations, sales increased by 6.3% year on year, owing to strong sales at Recruit Staffing and Staff Service Group, supported by continuing solid market conditions.
Slide 20: Overseas staffing operations sales
In the overseas staffing operations, sales grew by 66.6% year on year, with the contribution of the business results of Peoplebank and Chandler Macleod, both of which mainly operate in Australia, and Atterro, which mainly operates in North America, in addition to the favorable impact of yen deprecia
Slide 21: Summary of Consolidated Balance Sheets
Summary of Consolidated Balance Sheets 20
Slide 22: Total assets, liabilities and equity
Our total assets at the end of the fiscal year stood at ¥1,150.6 billion, an increase of ¥49.8 billion versus the end of the previous fiscal year. Total liabilities stood at ¥373.6 billion, an increase of ¥27.0 billon. Our equity increased by ¥22.8 billion to ¥777.0 billion. Current assets grew by ¥
Slide 23: Dividend Payout in 56th Fiscal Year
Dividend Payout in 56th Fiscal Year 22
Slide 24: Dividend policy and payout
We set our consolidated payout ratio at approximately 25% of net income before amortization of goodwill, which is net income plus amortization of goodwill. Our basic policy is to provide our shareholders with a consistent and stable dividend payout. Also, in line with our Articles of Incorporation,