Recruit Holdings Co., Ltd. · TSE:6098
Recruit — Q1 FY2024 Earnings Presentation
22 slides from Recruit's earnings presentation, Aug 8, 2024
Slide 1: FY2024 Q1 Consolidated Results
Recruit Holdings FY2024 Q1 Consolidated Results 2025年3月期 第1四半期決算説明 August 8, 2024 FY2024 stands for the period ending on March 31, 2025. All comparisons during this conference call are year over year unless otherwise stated. 2024年度は2025年3月期を意味します。 本日言及する数値の比較は、特段の断りがない限り、すべて前年同期との比較です。 1
Slide 2: FY2024 Q1 Result Highlights and Updates
FY2024 Q1 Result Highlights and Updates • FY2024 consolidated full-year guidance ranges unchanged 2025年3月期通期連結業績予想に変更無し • FY2024 Q1 HR Technology US revenue (in USD): YoY -5.0%, QoQ +7.7% HRテクノロジー事業2025年3月期第1四半期 米ドルベース米国売上収益 • FY2024 Q1 HR Technology segment revenue (in USD): YoY -2.5%, QoQ +7.2% HR
Slide 3: FY2024 Consolidated Full-Year Guidance Ranges Unchanged
FY2024 Consolidated Full-Year Guidance Ranges Unchanged FY2023 FY2024 Adjusted EBITDA & Adjusted EBITDA Margin Guidance (in billions of yen, unless otherwise stated) Actual Low High YoY Exchange rate per US Dollar (Yen) ドル円 (円) 144.59 145.00 - Revenue 売上収益 3,416.4 3,300.0 - 3,500.0 -3.4% - +2.4% Adj
Slide 4: FY2024 Consolidated Full-Year Guidance Ranges Unchanged
FY2024 Consolidated Full-Year Guidance Ranges Unchanged Revenue Adjusted EBITDA and Operating Income Profit Attributable to Adjusted EBITDA Margin Owners of the Parent (in trillions of yen) (in billions of yen) (in billions of yen) (in billions of yen) 3.50 700 500 400 3.00 600 19.3% 400 17.5% 300 2
Slide 5: Consolidated Quarterly Financial Results
FY2024 Q1 Consolidated Quarterly Financial Results FY2023 Q1 FY2024 Q1 Adjusted EBITDA & Adjusted EBITDA Margin (in billions of yen, unless otherwise stated) Actual Actual YoY Exchange rate per US dollar (yen) ドル円 (円) 137.49 155.85 - Revenue 売上収益 850.8 901.5 +6.0% Adjusted EBITDA 調整後EBITDA 165.9 179
Slide 6: Actual Result by Segment: HR Technology Segment
FY2024 Q1 Actual Result by Segment HR Technology Segment Revenue in US Dollar (in millions of dollars) Revenue in Japanese Yen (in billions of yen) YoY -2.5% YoY +10.6% $2,000 1,875 300 285.1 1,778 1,829 1,706 257.9 257.2 253.5 1,643 YoY 243.0 -5.0% US $1,500 200 $1,000 100 YoY $500 Japan +29.3% YoY
Slide 7: Actual Result by Segment: HR Technology Segment
FY2024 Q1 Actual Result by Segment HR Technology Segment Adjusted EBITDA in Japanese Yen (in billions of yen) Adjusted EBITDA margin 100 35.2% 38.1% 35.8% 33.2% 28.9% 50 Q1 Q2 Q3 Q4 Q1 FY2023 FY2024 Recruit Holdings | FY2024 Q1 Results
Slide 8: Matching & Solutions Segment - HR Solutions
FY2024 Q1 Actual Result by Segment Matching & Solutions Segment - HR Solutions Revenue (in billions of yen) Adjusted EBITDA and (in billions of yen) Adjusted EBITDA Margin1 80 YoY -7.4% 20 25.3% 60 24.3% 21.0% 40 17.5% 10 18.0% 20 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY2023 FY2024 FY2023 FY2024 1 Adjusted
Slide 9: Matching & Solutions Segment - Marketing Solutions
FY2024 Q1 Actual Result by Segment Matching & Solutions Segment - Marketing Solutions Revenue (in billions of yen) Adjusted EBITDA and (in billions of yen) YoY +7.7% Adjusted EBITDA Margin1 125 40 34.1% 32.2% 32.1% 100 30 26.9% 75 20 19.2% 50 10 25 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY2023 FY2024 FY2023
Slide 10: Actual Result by Segment: Matching & Solutions Segment
FY2024 Q1 Actual Result by Segment Matching & Solutions Segment Revenue (in billions of yen) Adjusted EBITDA and (in billions of yen) Adjusted EBITDA Margin YoY +1.5% 200 50 25.5% 23.1% 23.3% 150 21.3% 100 25 13.7% 50 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY2023 FY2024 FY2023 FY2024 Recruit Holdings | FY202
Slide 11: Actual Result by Segment: Staffing Segment
FY2024 Q1 Actual Result by Segment Staffing Segment Revenue (in billions of yen) Adjusted EBITDA and (in billions of yen) YoY +5.3% Adjusted EBITDA Margin 433.6 422.5 401.4 406.3 392.8 30 400 7.5% Japan YoY +7.6% 6.7% 6.8% 300 6.7% 6.2% 20 200 YoY Europe US +3.3% 10 Australia 3.4% 100 Q1 Q2 Q3 Q4 Q1
Slide 12: Consolidated Financial Results
FY2024 Q1 Consolidated Financial Results Revenue (in billions of yen) Adjusted EBITDA and (in billions of yen) YoY +6.0% Adjusted EBITDA Margin YoY +7.9% 900 180 19.9% 19.5% 19.0% 18.3% 600 120 13.3% 300 60 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY2023 FY2024 FY2023 FY2024 Recruit Holdings | FY2024 Q1 Result
Slide 13: Consolidated Financial Results
FY2024 Q1 Consolidated Financial Results Profit attributable to owners (in billions of yen) Basic EPS (yen) of the parent 120 YoY +11.4% 70 YoY +8.5% 80 35 40 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY2023 FY2024 FY2023 FY2024 Recruit Holdings | FY2024 Q1 Results
Slide 14: Share Repurchases Announced on July 9
Share Repurchases Announced on July 9 • 600 billion yen in maximum 取得価額の総額: 上限6,000億円 • For 12 months until July 9, 2025 取得期間は2025年7月9日までの12カ月間 • ToSTNeT-3 to repurchase 8.65 million shares for 79.1 billion yen on July 10 7月10日に自己株式立会外買付取引 (ToSTNeT-3) による865万株、791億円の買付けを実施 • Share repurchase program
Slide 15: Follow Your Heart
Follow Your Heart Recruit Holdings | FY2024 Q1 Results
Slide 16: Opportunities for Life.
Opportunities for Life. Faster, simpler and closer to you. Recruit Holdings | FY2024 Q1 Results
Slide 17: Appendix: FY2024 Q1 Result by Segment
Appendix: FY2024 Q1 Result by Segment (in billions of yen) FY2023 Q1 FY2024 Q1 YoY Adjusted EBITDA & Adjusted EBITDA Margin HR Technology 257.9 285.1 +10.6% Revenue Matching & Solutions 199.9 202.9 +1.5% 売上収益 Staffing 401.4 422.5 +5.3% Consolidated1 850.8 901.5 +6.0% HR Technology 98.1 100.2 +2.2% A
Slide 18: Appendix: FY2024 Q1 Consolidated Adjusted EBITDA and Operating Income
Appendix: FY2024 Q1 Consolidated Adjusted EBITDA and Operating Income FY2023 Q1 FY2024 Q1 (in billions of yen) Actual Actual YoY Operating income / 営業利益 121.6 127.8 +5.1% Other Operating Income and Expenses, Net 3.1 15.5 - / その他営業収益・費用 Non-GAAP Operating Income / Non-GAAP営業利益 124.8 143.3 +14.9% Depr
Slide 19: Appendix: Number of shares
Appendix: Number of shares (in millions of shares) As&of Adjusted EBITDA Adjusted EBITDA Margin As of March 31, 2024 June 30, 2024 Number of issued shares/ 期末発行済株式数 1,649.8 1,649.8 Number of treasury stock / 期末自己株式数 Treasury stock directly held by Recruit Holdings 50.4 43.1 / 当社が直接保有する自己株式数 Shares h
Slide 20: Appendix: Business Strategies
Appendix: Business Strategies 01 02 03 Simplify Help Businesses Prosper Hiring Work Smarter Together Make it easier and faster for Improve performance and Make positive impact on people to get jobs productivity for business clients society and the planet in Japan through sustainable growth shared by
Slide 21: 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
Slide 22: 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