Recruit Holdings Co., Ltd. · TSE:6098
Recruit — Q1 FY2026 Earnings Presentation
39 slides from Recruit's earnings presentation, Aug 7, 2026
Slide 1: FY2026 Q1 Consolidated Results
Recruit Holdings Please refer to the QR code below for the transcript. 書き起こしは下記 QRコードを参照ください FY2026 Q1 Consolidated Results English 日本語 2027年3月期 第1四半期決算説明 Please refer to the QR code below for our company August 7, 2026 page on Envalith. Envalith社の当社ページは下記 QRコードを参照ください FY2025 is the fiscal year from
Slide 2: Hisayuki “Deko” Idekoba
いで こ ば ひさ ゆき 出木場 久征 Hisayuki “Deko” Idekoba Recruit Holdings Co., Ltd. 株式会社リクルートホールディングス Representative Director, President and Chief Executive Officer 代表取締役社長 兼 Chief Executive Officer Head of HR Technology Business HRテクノロジー事業担当 Indeed, Inc. President and CEO Recruit Holdings | FY2026 Q1 Results 2
Slide 3: Junichi Arai
あら い じゅん いち 荒井 淳一 Junichi Arai Recruit Holdings Co., Ltd. 株式会社リクルートホールディングス Executive Vice President and Chief Financial Officer 常務執行役員 兼 Chief Financial Officer Financial Management Division ファイナンシャル・マネジメント本部 Recruit Holdings | FY2026 Q1 Results 3
Slide 4: Table of Contents
Table of Contents 1. Consolidated FY2026 Q1 Summary Financial Results 2. Consolidated FY2026 Full-year Revised Guidance 3. HR Technology Segment FY2026 Q1 Results and Full-year Outlook 4. Staffing Segment FY2026 Q1 Results and Full-year Outlook 5. Marketing Matching Technologies (“MMT”) Segment FY20
Slide 5: Consolidated FY2026 Q1 Summary Financial Results
1. Consolidated FY2026 Q1 Summary Financial Results Revenue EBITDA+S and Margin % Basic EPS (in billions of yen) (in billions of yen) (yen) FY2025 FY2026 FY2025 FY2026 FY2025 FY2026 JPY / USD 144.4 147.4 154.0 156.9 159.3 Please see footnotes in the appendix. Recruit Holdings | FY2026 Q1 Results 5
Slide 6: Consolidated FY2026 Full-year Revised Guidance
2. Consolidated FY2026 Full-year Revised Guidance Revenue EBITDA+S and Margin % Basic EPS (in trillions of yen) (in billions of yen) (yen) FY2026 Guidance FY2026 Guidance FY2026 Guidance 05/15/26 08/07/26 05/15/26 08/07/26 05/15/26 08/07/26 JPY / USD 152.6 150.7 154.0 159.0 Please see footnotes in t
Slide 7: Segment Breakdown - Revenue, EBITDA+S and Margin
2. Consolidated FY2026 Full-year Revised Guidance Segment Breakdown - Revenue, EBITDA+S and EBITDA+S Margin % Revenue Breakdown Pre-corporate EBITDA+S Breakdown and (in billions of yen) Segment EBITDA+S Margin % (in billions of yen) MMT MMT 181.5 605.0 30.0% HR Staffing Technology 102.5 1,822.0 5.6%
Slide 8: HR Technology Segment
3. HR Technology Segment Recruit Holdings | FY2026 Q1 Results 8
Slide 9: HR Technology FY2026 Full-year Revised Segment Outlook
3. HR Technology Segment FY2026 Full-year Revised Segment Outlook Revenue in US dollar Revenue in Japanese Yen EBITDA+S and Margin % (in millions of dollars) (in billions of yen) (in billions of yen) Japan Europe & Others US FY2026 Outlook FY2026 Outlook FY2026 Outlook Pro Forma Actual 05/15/26 08/0
Slide 10: Revenue Breakdown by Region
3. HR Technology Segment FY2026 Full-year Revised Segment Outlook - Revenue Breakdown by Region FY2025 Actual and FY2026 Outlook FY2026 Revised Outlook and % of Total (in millions of dollars) (in millions of dollars) Total: $11,485 Japan $2,315 (20.2%) US Europe US & Others $6,650 (57.9%) $2,520 Eur
Slide 11: HR Technology FY2026 Q1 Segment Revenues
3. HR Technology Segment FY2026 Q1 Segment Revenues In US dollar In Japanese Yen (in millions of dollars) YoY (in billions of yen) YoY Japan Europe & Others US FY2024 Pro Forma FY2025 FY2026 FY2024 Pro Forma FY2025 FY2026 Please see footnotes in the appendix. Recruit Holdings | FY2026 Q1 Results 11
Slide 12: HR Technology Q1 Segment EBITDA, EBITDA+S and Margins
3. HR Technology Segment FY2026 Q1 Segment EBITDA, EBITDA+S and Margins % YoY EBITDA and Margin % EBITDA+S and Margin % (in billions of yen) YoY (in billions of yen) FY2024 Pro Forma FY2025 FY2026 FY2024 Pro Forma FY2025 FY2026 Please see footnotes in the appendix. Recruit Holdings | FY2026 Q1 Resul
Slide 13: US Average Revenue Per Job Posting
3. HR Technology Segment US Average Revenue Per Job Posting (“US ARPJ”) 米国平均単価 Total US Revenue: Sponsored Job Revenue and Other Revenue US ARPJ = 米国平均単価 Total # of US Job Postings: Total # of free and paid job postings on US Indeed Indexed Jobs aggregated by Hosted Jobs posted directly and Indeed f
Slide 14: US Revenue - Indeed Sponsored Jobs
3. HR Technology Segment US Revenue - Indeed Sponsored Jobs ATTRACT ENGAGE HIRE Performance Advertising Sourcing & Branding Screening & Automation Everything in Standard Plus Premium Plus* Advanced Matching Interview on Demand Sponsored Jobs (Test) Premium Dynamic premium pricing First Page Visibili
Slide 15: US Quarterly Revenue, IHL US NSA JPI and US ARPJ Growth Rates
3. HR Technology Segment US Quarterly Revenue, IHL US NSA JPI and US ARPJ Growth Rates IHL US NSA JPI: Historical (February 2020 - June 2026) (Index to 100 on Feb 1, 2020) (in millions of dollars) Historical IHL US NSA JPI 175 US ARPJ Growth Rates 150 125 100 75 FY2019 FY2020 FY2021 FY2022 FY2023 FY
Slide 16: US Annual Revenue Outlook
3. HR Technology Segment US Annual Revenue Outlook IHL US NSA JPI: Historical (Apr. 2020 - Apr. 2026) and Assumed FY2026 (in millions of dollars) (Index to 100 on Historical IHL US NSA JPI Feb 1, 2020) RHC assumed FY2026 Index US ARPJ Growth Rates 150 125 100 -7% -4% 75 50 Outlook Please see footnot
Slide 17: US Revenue
3. HR Technology Segment US Revenue Quarterly Results Annual Results and Outlook +30% (in millions of dollars) (in millions of dollars) +18% YoY Historical IHL US NSA JPI YoY +17% YoY US ARPJ Growth Rates -7% -4% -4% FY2024 FY2025 FY2026 Outlook FY2024 FY2025 FY2026 05/15/26 08/07/26 Please see foot
Slide 18: Europe and Others Revenue
3. HR Technology Segment Europe and Others (Including Canada) Revenue Quarterly Results Annual Results and Outlook YoY YoY (in millions of dollars) (in millions of dollars) YoY FY2026 Outlook FY2024 FY2025 FY2026 05/15/26 08/07/26 Please see footnotes in the appendix. Recruit Holdings | FY2026 Q1 Re
Slide 19: Japan Revenue
3. HR Technology Segment Japan Revenue Quarterly Results YoY Annual Results and Outlook YoY YoY (in billions of yen) (in billions of yen) FY2026 Outlook Pro Forma 05/15/26 08/07/26 FY2024 Pro Forma FY2025 FY2026 Please see footnotes in the appendix. Recruit Holdings | FY2026 Q1 Results 19
Slide 20: Global HR Matching TAM in 2025
3. HR Technology Segment Global HR Matching TAM in 2025 Total: $302 bn (in billions of USD) Job Advertising & $34 bn Talent Sourcing 求人広告及び採用ツール Temporary Staffing $105 bn $71 bn 人材派遣 Direct Hire 人材紹介 $24 bn Internal Recruitment $68 bn Retained Search Automation エグゼクティブサーチ 採用オートメーション Please see foot
Slide 21: Staffing Segment
4. Staffing Segment Recruit Holdings | FY2026 Q1 Results 21
Slide 22: Staffing Segment FY2026 Q1 Results
4. Staffing Segment FY2026 Q1 Results Revenue YoY EBITDA+S and Margin % (in billions of yen) (in billions of yen) YoY Europe US Australia Japan FY2024 FY2025 FY2026 FY2024 FY2025 FY2026 Please see footnotes in the appendix. Recruit Holdings | FY2026 Q1 Results 22
Slide 23: Staffing Segment FY2026 Annual Outlook
4. Staffing Segment FY2026 Annual Outlook Revenue EBITDA+S and Margin % (in billions of yen) YoY YoY (in billions of yen) YoY YoY Europe, US, Australia Japan FY2026 Outlook FY2026 Outlook 05/15/26 08/07/26 05/15/26 08/07/26 Please see footnotes in the appendix. Recruit Holdings | FY2026 Q1 Results 2
Slide 24: MMT Segment
5. MMT Segment Recruit Holdings | FY2026 Q1 Results 24
Slide 25: Vertical Matching Platforms
5. MMT Segment Vertical Matching Platforms Vertical Individual Users Matching Platforms Business Clients 980,0002 GMV Increase with AI AI Enhancement Recruit ID Matching SaaS with 99 million1 Unique Data Loyalty Points Unique Data through Fulfillment Please see footnotes in the appendix. Recruit Hol
Slide 26: FY2025 Full-year Revenue by Subsegment
5. MMT Segment FY2025 Full-year Revenue by Subsegment (in billions of yen) Others (Automobile, Bridal, Education, and Others) Beauty ¥113.8 Bn ¥126.2 Bn Lifestyle MMT Total ¥293.8 Bn ¥564.6 Bn Housing Travel, & Real Estate Dining, and ¥156.9 Bn SaaS solutions ¥167.6 Bn Recruit Holdings | FY2026 Q1 R
Slide 27: Automobile Division
5. MMT Segment Automobile Division Historical Revenue (in billions of yen) Please see footnotes in the appendix. Recruit Holdings | FY2026 Q1 Results 27
Slide 28: MMT Segment FY2026 Q1 Results
5. MMT Segment FY2026 Q1 Results Revenue EBITDA+S and Margin % YoY (in billions of yen) YoY (in billions of yen) Others Housing & Real Estate Lifestyle (Beauty, Dining, Travel, SaaS) FY2024 FY2025 FY2026 FY2024 FY2025 FY2026 Please see footnotes in the appendix. Recruit Holdings | FY2026 Q1 Results
Slide 29: MMT Segment FY2026 Annual Outlook
5. MMT Segment FY2026 Annual Outlook Revenue YoY YoY EBITDA+S and Margin % (in billions of yen) (in billions of yen) YoY YoY Others Housing & Real Estate Lifestyle (Beauty, Dining, Travel, SaaS) FY2026 Outlook FY2026 Outlook 05/15/26 08/07/26 05/15/26 08/07/26 Please see footnotes in the appendix. R
Slide 30: Appendices
Appendices Recruit Holdings | FY2026 Q1 Results 30
Slide 31: Appendix: Consolidated FY2026 Full-year Revised Guidance
Appendix: Consolidated FY2026 Full-year Revised Guidance FY2025 Q1 Actual FY2026 Full-year Guidance Full-year (in billions of yen, unless otherwise FY2025 FY2026 YoY Actual 05/15/26 YoY 08/07/26 YoY stated) Exchange rate per US 144.4 159.3 - 150.7 154.0 - 159.0 - Dollar (Yen) Revenue 878.8 1,045.3 +
Slide 32: Appendix: Overview of Revised Segment FY2026 Full-year Outlook
Appendix: Overview of Revised Segment FY2026 Full-year Outlook Revenue EBITDA+S and Margin % (in billions of yen) (in billions of yen) Staffing HRT HRT MMT MMT Staffing FY2025 Actual FY2026 Outlook FY2025 Actual FY2026 Outlook Please see footnotes in the appendix. Recruit Holdings | FY2026 Q1 Result
Slide 33: Appendix: FY2025 Q1 and FY2026 Q1 EBITDA+S
Appendix: FY2025 Q1 and FY2026 Q1 EBITDA+S (in billions of yen) FY2025 Q1 FY2026 Q1 YoY Operating income 153.7 255.4 +66.1% - Other operating income / (expenses), Net 6.9 1.0 - Non-GAAP operating income 146.7 254.3 +73.3% + Depreciation and amortization1 16.7 17.9 - EBITDA 163.5 272.3 +66.6% Margin
Slide 34: Appendix: The Number of Shares as of June 30, 2026
Appendix: The Number of Shares as of June 30, 2026 As of As of As of (in millions of shares) March 31, 2025 March 31, 2026 June 30, 2026 Number of issued shares 1,563.9 1,472.5 1,472.5 Number of treasury stock Shares directly held by Recruit Holdings 36.4 28.8 35.5 Shares held by the Board Incentive
Slide 35: Appendix: Gross Cash On A Consolidated Basis
Appendix: Gross Cash On A Consolidated Basis As of As of As of (in billions of yen) March 31, 2025 March 31, 2026 June 30, 2026 Cash and cash equivalents 808.6 725.5 853.0 + Investments for available funds on standby for 15.1 42.3 55.5 business operations within other financial assets Gross cash 823
Slide 36: Appendix: Footnotes
Appendix: Footnotes Page 6,7,9,10,16-19,23,29,31,32 The foreign exchange rate assumptions for the FY2026 guidance and outlook as of August 7, 2026 are 159 yen per US dollar, 184 yen per Euro and 112 yen per Australian dollar. Page 5,6,7,9,12,22,23,28,29,31,32,33 EBITDA+S = operating income + depreci
Slide 37: Appendix: Footnotes
Appendix: Footnotes Page 9,11,12,19 As of April 1, 2025, HR Solutions of Matching & Solutions was transferred to HR Technology, and Matching & Solutions was renamed Marketing Matching Technologies from FY2025. The pro forma results were calculated assuming that the above transfer had been effective
Slide 38: 免責条項
免責条項 将来見通しに関する注意事項 本資料には、将来の見通しに関する記述が含まれています。将来の見通しに関する記述には、別段の記載がない限り本資料の発表日現在における当 社が入手可能な情報並びに当社の計画及び見込みに基づいた当社の想定、将来の見通し及び推測が含まれますが、これらが達成される保証はありま せん。経済状況の変化、個人ユーザーの嗜好及び企業クライアントのニーズの変化、他社との競合、法令、ソフトロー又は実務慣行の変化を含む法規 制の変化、為替レートの変動、気候変動を含む地球環境の変化、大規模自然災害の発生その他の様々な要因により、将来の予測・見通しに関する記 述は実際の業績と大幅に異
Slide 39: Disclaimer
Disclaimer Forward-Looking Statements This material contains forward-looking statements, which reflect the Company’s assumptions, estimates and outlook for the future based on information available to the Company and the Company’s plans and expectations as of the date of this material unless the con