Recruit Holdings Co., Ltd. · TSE:6098
Recruit — Q1 FY2025 Earnings Presentation
27 slides from Recruit's earnings presentation, Aug 5, 2025
Slide 1: FY2025 Q1 Consolidated Results
Recruit Holdings FY2025 Q1 Consolidated Results 2026年3月期 第1四半期決算説明 August 5, 2025 FY2024 is the fiscal year from April 1, 2024 to March 31, 2025. FY2025 is the fiscal year from April 1, 2025 to March 31, 2026. All comparisons during this conference call are year over year unless otherwise stated. Un
Slide 2: Recruit Holdings FY2024 Segment Results: Pro Forma Segment EBITDA+S and EBITDA
Recruit Holdings FY2024 Segment Results Pro Forma Segment EBITDA+S and EBITDA EBITDA+S (“Adjusted EBITDA”) and Margin % EBITDA and Margin % (in billions of yen) (in billions of yen) Marketing Matching Marketing Matching Technologies (”MMT”) Technologies (”MMT”) Please see footnotes in the appendix.
Slide 3: Executive Summary
Executive Summary 1. FY2025 Consolidated Full-year Guidance Remains Unchanged: Based on FY2025 Q1 results, the latest HR Technology workforce reductions, and the current business environment 第1四半期実績、HRテクノロジー事業の人員削減及び現在の事業環境に鑑み、2026年3月期通期 連結業績予想に変更無し 2. FY2025 Q1 Consolidated Financial Results as Ori
Slide 4: Executive Summary
Executive Summary 3. HR Technology Segment FY2025 Q1 Results: US revenue on a US dollar basis, despite a decline in job postings, increased 0.9% YoY and 6.3% QoQ, driven by ongoing monetization development 米国求人広告数の減少が継続するものの、米国売上収益はマネタイゼーションの進化が寄与し 米ドルベースでYoY0.9%、QoQ6.3%増 Japan revenue declined 4.4%
Slide 5: Executive Summary
Executive Summary 4. Staffing Segment FY2025 Q1 Results: Due to continued weakness in Europe, the US, and Australia, segment revenue decreased 3.4% with EBITDA+S margin of 6.6% 欧米豪の不振が続き、セグメント売上収益は3.4%の減少、EBITDA+Sマージンは6.6% 5. Marketing Matching Technologies (“MMT”) Segment FY2025 Q1 Results: 7.1% in
Slide 6: FY2025 Consolidated Full-Year Guidance Unchanged
1. FY2025 Consolidated Full-Year Guidance Unchanged FY2024 FY2025 Actual 05/09/25 YoY (in billions of yen, unless otherwise stated) Guidance Exchange rate per US Dollar (Yen) 152.6 145.0 - Revenue 3,557.4 3,520.0 -1.1% EBITDA+S (“Adjusted EBITDA”) 678.8 697.0 +2.7% EBITDA+S margin % 19.1% 19.8% - EB
Slide 7: FY2025 Consolidated Full-Year Guidance Unchanged
1. FY2025 Consolidated Full-Year Guidance Unchanged FY2024 Adjusted FY2025 EBITDA & Adjusted EBITDA Margin Actual 05/09/25 YoY (in billions of yen) Guidance Operating income 490.5 540.0 +10.1% - Other operating income / (expenses), Net (36.4) 2.0 - Non-GAAP operating income 526.9 538.0 +2.1% + Depre
Slide 8: FY2025 Q1 Consolidated Financial Results
2. FY2025 Q1 Consolidated Financial Results Revenue (in billions of yen) Gross Profit and % of Revenue (in billions of yen) YoY YoY FY2024 FY2025 FY2024 FY2025 Recruit Holdings | FY2025 Q1 Results 8
Slide 9: FY2025 Q1 Consolidated Financial Results
2. FY2025 Q1 Consolidated Financial Results EBITDA+S and Margin % (in billions of yen) EBITDA and Margin % (in billions of yen) YoY YoY FY2024 FY2025 FY2024 FY2025 Margin % over Margin % over 33.7% 35.7% 35.0% 25.6% 35.9% 30.4% 30.8% 30.9% 22.5% 31.3% Gross Profit Gross Profit Please see footnotes i
Slide 10: FY2025 Q1 Consolidated Financial Results
2. FY2025 Q1 Consolidated Financial Results Profit attributable to owners (in billions of yen) Basic EPS (yen) of the parent YoY YoY FY2024 FY2025 FY2024 FY2025 Recruit Holdings | FY2025 Q1 Results 10
Slide 11: HR Technology Segment FY2025 Q1 Results
3. HR Technology Segment FY2025 Q1 Results Revenue in US dollar (in millions of dollars) Revenue in Yen (in billions of yen) YoY QoQ YoY QoQ Japan Europe & Others US FY2024 Pro Forma FY2025 FY2024 Pro Forma FY2025 Please see footnotes in the appendix. Recruit Holdings | FY2025 Q1 Results 11
Slide 12: HR Technology Segment FY2025 Q1 Results
3. HR Technology Segment FY2025 Q1 Results EBITDA+S and Margin % (in billions of yen) EBITDA and Margin % (in billions of yen) YoY QoQ YoY QoQ FY2024 Pro Forma FY2025 FY2024 Pro Forma FY2025 Please see footnotes in the appendix. Recruit Holdings | FY2025 Q1 Results 12
Slide 13: Staffing Segment FY2025 Q1 Results
4. Staffing Segment FY2025 Q1 Results Revenue (in billions of yen) EBITDA+S and Margin % (in billions of yen) YoY Europe US YoY Australia Japan FY2024 Pro Forma FY2025 FY2024 Pro Forma FY2025 Please see footnotes in the appendix. Recruit Holdings | FY2025 Q1 Results 13
Slide 14: Marketing Matching Technologies Segment FY2025 Q1 Results
5. Marketing Matching Technologies (“MMT”) Segment FY2025 Q1 Results Revenue (in billions of yen) EBITDA+S and Margin % (in billions of yen) YoY YoY Others Housing & Real Estate Lifestyle (Beauty, Dining, Travel, SaaS) FY2024 Pro Forma FY2025 FY2024 Pro Forma FY2025 Please see footnotes in the appen
Slide 15: Capital Allocation Strategy: Share Repurchases
6. Capital Allocation Strategy Share Repurchases • 450 billion yen share buyback program completed on June 18, 2025 取得上限額4,500億円の自己株式取得プログラムは2025年6月18日に完了 – 98.5 billion yen ToSTNeT-3 transactions for 11.7 million shares ToSTNeT-3を通じて1,177万株を985億円で取得 – 351.4 billion yen market purchases through an a
Slide 16: Capital Allocation Strategy
6. Capital Allocation Strategy Total payouts to shareholders1 (in billions of yen) Net cash and cash equivalents4 (in billions of yen) Total payout ratio2 % ３ Please see footnotes in the appendix. Recruit Holdings | FY2025 Q1 Results 16
Slide 17: Appendix: FY2025 Consolidated Full-Year Guidance Unchanged
Appendix: FY2025 Consolidated Full-Year Guidance Unchanged Revenue (in trillions of yen) Gross Profit and % of Revenue (in trillions of yen) YoY YoY Please see footnotes in the appendix. Recruit Holdings | FY2025 Q1 Results 17
Slide 18: Appendix: FY2025 Consolidated Full-Year Guidance Unchanged
Appendix: FY2025 Consolidated Full-Year Guidance Unchanged EBITDA+S and Margin (in billions of yen) EBITDA and Margin (in billions of yen) YoY YoY Please see footnotes in the appendix. Recruit Holdings | FY2025 Q1 Results 18
Slide 19: Appendix: FY2025 Consolidated Full-Year Guidance Unchanged
Appendix: FY2025 Consolidated Full-Year Guidance Unchanged Profit attributable to owners (in billions of yen) Basic EPS (yen) of the parent YoY YoY Please see footnotes in the appendix. Recruit Holdings | FY2025 Q1 Results 19
Slide 20: Appendix: FY2025 Q1 Consolidated Quarterly Financial Results
Appendix: FY2025 Q1 Consolidated Quarterly Financial Results Adjusted EBITDA & Adjusted EBITDA Margin FY2024 Q1 FY2025 Q1 YoY (in billions of yen, unless otherwise stated) Exchange rate per US Dollar (Yen) 155.8 144.4 - Revenue 901.5 878.8 -2.5% EBITDA+S 179.0 187.1 +4.5% EBITDA+S margin % 19.9% 21.
Slide 21: Appendix: FY2024 Q1 Result by Segment
Appendix: FY2024 Q1 Result by Segment FY2024 Q1 FY2025 Adjusted EBITDA & Adjusted EBITDAQ1 Margin YoY (in billions of yen) Pro Forma HR Technology 355.4 341.7 -3.8% Staffing 422.5 408.1 -3.4% Revenue Marketing Matching Technologies 127.8 136.8 +7.1% Consolidated1 901.5 878.8 -2.5% HR Technology 117.
Slide 22: Appendix: FY2025 Q1 Consolidated EBITDA+S and Operating Income
Appendix: FY2025 Q1 Consolidated EBITDA+S and Operating Income FY2024 Q1 & Adjusted Adjusted EBITDA FY2025 EBITDA Q1 Margin YoY (in billions of yen) Operating income 127.8 153.7 +20.3% - Other operating income/(expenses), Net (15.5) 6.9 - Non-GAAP operating income 143.3 146.7 +2.4% + Depreciation an
Slide 23: Appendix: Number of shares
Appendix: Number of shares As of Adjusted As of Margin EBITDA & Adjusted EBITDA Variance (in millions of shares) March 31, 2025 June 30, 2025 Number of issued shares 1,563.9 1,563.9 - Number of treasury stock Shares directly held by Recruit Holdings 36.4 77.2 +40.8 Shares held by the Board Incentive
Slide 24: Appendix: Footnotes
Appendix: Footnotes Page 2,11-14,21 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 25: Appendix: Footnotes
Appendix: Footnotes Page 16 1 Includes shares repurchased by the Board Incentive Plan (“BIP”) trust. 2 Total payout ratio = ( Total amount of dividend payment + Total amount of share repurchases ) / Profit attributable to owners of the parent. 3 Total amount of dividend payment is calculated by mult
Slide 26: 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 27: 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