Recruit Holdings Co., Ltd. · TSE:6098

Recruit — Q4 2026 Earnings Presentation

81 slides from Recruit's earnings presentation, May 15, 2026

  1. Slide 1: FY2025 Full-year Consolidated Results

    Recruit Holdings FY2025 Full-year Consolidated Results 2026年3月期 通期決算説明 May 15, 2026 Please refer to the QR code below for the transcript. 書き起こしは下記 QRコードをご参照ください FY2025 is the fiscal year from April 1, 2025 to March 31, 2026. FY2026 is the fiscal year from April 1, 2026 to March 31, 2027. All compari

  2. 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 | FY2025 Q4 Results 2

  3. Slide 3: Results and Guidance for Consolidated Financials

    Results and Guidance for Consolidated Financials Revenue EBITDA+S and (in trillions of yen) EBITDA+S Margin % (in billions of yen) Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 3

  4. Slide 4: For illustrative purposes only

    For illustrative purposes only. Recruit Holdings | FY2025 Q4 Results 4

  5. Slide 5: For illustrative purposes only

    For illustrative purposes only. Recruit Holdings | FY2025 Q4 Results 5

  6. Slide 6: For illustrative purposes only

    For illustrative purposes only. Recruit Holdings | FY2025 Q4 Results 6

  7. Slide 7: Two-Sided “Decision-Making” Marketplace

    Two-Sided “Decision-Making” Marketplace Job Seekers Employers Discover Source Accept/ Offer/ Evaluate Screen Decline Reject Apply Interview Decision-Making Decision-Making Recruit Holdings | FY2025 Q4 Results 7

  8. Slide 8: AI Tools for Employers

    AI Tools for Employers Talent Scout gives you superpowers Features are subject to change and may vary by location and customer. Recruit Holdings | FY2025 Q4 Results 8

  9. Slide 9: Images created by a generative AI tool

    Images created by a generative AI tool. Recruit Holdings | FY2025 Q4 Results 9

  10. Slide 10: Sponsored Job Free Job Free Job

    For illustrative purposes only. Sponsored Job Free Job Free Job Recruit Holdings | FY2025 Q4 Results 10

  11. Slide 11: US Sponsored Job Apply Start

    US Sponsored Job Apply Start Job Search 30% 70% Recommendation + AI tool March 2026 Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 11

  12. Slide 12: Higher Value AI Products

    Higher Value AI Products Free 1.9x 1.5x Qualified Qualified Applications Applications 50% faster Time to Hire Please see footnotes in the appendix. Features are subject to change and may vary by location and customer. Recruit Holdings | FY2025 Q4 Results 12

  13. Slide 13: Recruit Holdings | FY2025 Q4 Results

    Recruit Holdings | FY2025 Q4 Results 13

  14. Slide 14: Operational Efficiency

    Operational Efficiency Response Time of Sponsored Job vs Free Job +45% Faster March 2026 Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 14

  15. Slide 15: Monthly Active Job Seekers on Indeed

    01 Operational Efficiency Monthly Active Job Seekers on Indeed +18% YoY March 2026 Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 15

  16. Slide 16: US ARPJ Growth Rate

    US ARPJ Growth Rate 30% Q4: +25% YoY Q3: +19% YoY 20% Q2: +15% YoY Q1: +11% YoY 10% 0% Q1 Q2 Q3 Q4 FY2025 Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 16

  17. Slide 17: Global HR Matching TAM in 2025

    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 footnotes in the appendix. Re

  18. Slide 18: Fee Spent on HR Matching

    Fee Spent on HR Matching Indeed Direct Hire Retained Search <1% 20-25% up to 40% of salary of salary Spend on Job Advertising on Indeed / Estimated Salary Pay per Click & Pay per Started Application Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 18

  19. Slide 19: Simplify Hiring

    Simplify Hiring Recruit Holdings | FY2025 Q4 Results 19

  20. Slide 20: HR Technology Mid-term Growth Ambition

    HR Technology Mid-term Growth Ambition Hiring Demand Recovers Revenue YoY growth 10%+ 20%+ EBITDA+S margin 50%+ Recruit Holdings | FY2025 Q4 Results 20

  21. Slide 21: 31 hires per minute

    31 hires per minute Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 21

  22. Slide 22: 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 執行役員 出木場 久征 Recruit Holdings | FY2025 Q4 Results 22

  23. Slide 23: FY2025 Annual Results and FY2026 Full-year Guidance

    FY2025 Annual Results and FY2026 Full-year Guidance 1. Executive Summary 2. Consolidated FY2025 Financial Results and FY2026 Full-year Guidance 2026年3月期通期連結実績と 2027年3月期通期 連結予想 3. Capital Allocation Strategy キャピタルアロケーション 4. Overview of Three Segment Results and Full-year Outlook セグメント別 2026年3月期通期実績と

  24. Slide 24: Executive Summary

    1. Executive Summary Recruit Holdings | FY2025 Q4 Results 24

  25. Slide 25: Consolidated FY2025 Results and FY2026 Full-year Guidance

    1. Executive Summary Consolidated FY2025 Results and FY2026 Full-year Guidance Revenue EBITDA+S and Margin % Basic EPS (in trillions of yen) (in billions of yen) (yen) Guidance Guidance Guidance JPY / USD 152.6 150.7 154.0 Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 25

  26. Slide 26: Capital Allocation Strategy FY2025

    1. Executive Summary Capital Allocation Strategy FY2025 Total payouts to shareholders1 Year end net cash and cash Equity attributable to owners Total payout ratio2 % equivalents3 of the parent and ROE4 (in billions of yen) (in billions of yen) (in billions of yen) Please see footnotes in the appendi

  27. Slide 27: Capital Allocation Strategy FY2026 - FY2028

    1. Executive Summary Capital Allocation Strategy FY2026 - FY2028 • Capital allocation policy remains unchanged キャピタルアロケーション方針に変更なし 1. Investments for continuous growth of existing businesses 既存事業の継続的な成長に資する投資 2. Dividends per share for FY2026 total ¥26.0: 1H ¥13.0 and 2H ¥13.0 2027年3月期の株式配当は、 1株当たり上

  28. Slide 28: Overview of Segment Results and Full-year Outlook: Revenue

    1. Executive Summary Overview of Segment Results and Full-year Outlook: Revenue (in billions of yen) FY2026 Outlook Revenue Breakdown Staffing HRT MMT 605.0 HR Technology 1,653.7 MMT Staffing 1,802.5 Gross Profit FY2024 Pro Forma FY2025 Actual FY2026 Outlook Please see footnotes in the appendix. Rec

  29. Slide 29: Overview of Segment Results and Full-year Outlook: EBITDA+S and Margin %

    1. Executive Summary Overview of Segment Results and Full-year Outlook: EBITDA+S and Margin % (in billions of yen) FY2026 Outlook Pre-corporate EBITDA+S Breakdown HRT MMT 181.5 Staffing 100.5 HR Technology MMT Staffing 677.4 FY2024 Pro Forma FY2025 Actual FY2026 Outlook Please see footnotes in the a

  30. Slide 30: HR Technology Segment

    1. Executive Summary HR Technology Segment 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 Pro Forma Actual Outlook Pro Forma Actual Outlook Pro Forma Actual Outlook Please see footnotes in

  31. Slide 31: HR Technology Segment US Revenue, IHL US NSA JPI and US ARPJ Growth Rates

    1. Executive Summary HR Technology Segment US Revenue, IHL US NSA JPI and US ARPJ Growth Rates (in millions of dollars) (Index to 100 on Feb 1, 2020) Historical IHL US NSA JPI US ARPJ Growth Rates +17% +18% RHC assumed FY2026 Index 150 125 100 -7% -4% 75 50 Outlook Please see footnotes in the append

  32. Slide 32: Staffing Segment

    1. Executive Summary Staffing Segment Revenue (in billions of yen) EBITDA+S and Margin % (in billions of yen) Europe, US, Australia Japan Outlook Outlook Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 32

  33. Slide 33: MMT Segment

    1. Executive Summary MMT Segment Revenue EBITDA+S and Margin % EBITDA+S and Margin % (in billions of yen) (in billions of yen) Semi-Annual (in billions of yen) Others Housing & Real Estate Lifestyle (Beauty, Dining, Travel, SaaS) Pro Forma Actual Outlook Pro Forma Actual Outlook FY2025 Actual FY2026

  34. Slide 34: Sell side analysts follow-up Meeting

    Sell side analysts follow-up Meeting Recruit Holdings | FY2025 Q4 Results 34

  35. Slide 35: Consolidated FY2025 Financial Results and FY2026 Full-year Guidance

    2. Consolidated FY2025 Financial Results and FY2026 Full-year Guidance Recruit Holdings | FY2025 Q4 Results 35

  36. Slide 36: Consolidated FY2025 Results and FY2026 Full-year Guidance

    2. Consolidated FY2025 Results and FY2026 Full-year Guidance FY2024 FY2025 FY2026 FY20 - 26 02/09/26 05/15/26 6-year (in billions of yen, shares in millions, unless Actual Actual YoY YoY CAGR % otherwise stated) Guidance Guidance Exchange rate per US Dollar (Yen) 152.6 150.0 150.7 - 154.0 - - Revenu

  37. Slide 37: Consolidated Operating Performance

    2. Consolidated FY2025 Results and FY2026 Full-year Guidance Consolidated Operating Performance Revenue (in trillions of yen) Gross Profit and % of Revenue (in trillions of yen) Guidance Guidance Recruit Holdings | FY2025 Q4 Results 37

  38. Slide 38: Consolidated Operating Performance

    2. Consolidated FY2025 Results and FY2026 Full-year Guidance Consolidated Operating Performance EBITDA and Margin % (in billions of yen) EBITDA+S and Margin % (in billions of yen) Guidance Guidance Margin % over GP 25.1% 21.1% 29.1% 23.7% 26.4% 28.7% 33.4% 35.8% 25.3% 21.6% 31.0% 27.3% 30.5% 32.6% 3

  39. Slide 39: Consolidated Operating Performance

    2. Consolidated FY2025 Results and FY2026 Full-year Guidance Consolidated Operating Performance Non-GAAP Operating Income Operating Income and Margin % (in billions of yen) and Margin % (in billions of yen) Guidance Guidance Recruit Holdings | FY2025 Q4 Results 39

  40. Slide 40: Consolidated Operating Performance

    2. Consolidated FY2025 Results and FY2026 Full-year Guidance Consolidated Operating Performance Profit attributable to owners of the parent Basic EPS (yen) and ROE4 (in billions of yen) Guidance Guidance Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 40

  41. Slide 41: Capital Allocation Strategy

    3. Capital Allocation Strategy Recruit Holdings | FY2025 Q4 Results 41

  42. Slide 42: FY2025 Results Summary

    3. Capital Allocation Strategy FY2025 Results Summary (in billions of yen, shares in millions) FY2024 FY2025 Variance Total payouts to shareholders 859.1 713.1 (146.0) Total payout ratio % 210.3% 143.5% - Gross cash and cash equivalents 823.8 767.9 (55.8) Net cash and cash equivalents 822.7 765.9 (5

  43. Slide 43: Total Payouts to Shareholders and Net Cash

    3. Capital Allocation Strategy FY2025 Results: Total Payouts to Shareholders and Net Cash and Cash Equiv. Total payouts to shareholders1 Net cash and cash equivalents3 Total payout ratio2 % (in billions of yen) (in billions of yen) Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 R

  44. Slide 44: Total Shares Outstanding

    3. Capital Allocation Strategy FY2025 Results: Total Shares Outstanding TSO (in billions of shares) TSO, Net of Treasury Stock (in billions of shares) Recruit Holdings | FY2025 Q4 Results 44

  45. Slide 45: FY2026 - FY2028

    3. Capital Allocation Strategy FY2026 - FY2028 • Capital allocation policy remains the same キャピタルアロケーション方針に変更なし 1. Investments for continuous growth of existing businesses 既存事業の継続的な成長に資する投資 2. Dividends per share for FY2026 total ¥26.0: 1H ¥13.0 and 2H ¥13.0 2027年3月期の株式配当は、 1株当たり上半期 13.0円、下半期13.0円、通

  46. Slide 46: Overview of Three Segment Results and Outlook

    4. Overview of Three Segment FY2025 Financial Results and FY2026 Full-year Outlook Recruit Holdings | FY2025 Q4 Results 46

  47. Slide 47: Overview of Segment Financial Results and Outlook

    4. Overview of Segment FY2025 Financial Results and FY2026 Full-year Outlook (in billions of yen) HR Technology Staffing MMT Consolidated Revenue 1,653.7 1,802.5 605.0 4,030.0 FY2026 YoY Growth % +13.4% +5.8% +7.1% +9.0% Outlook EBITDA+S 677.4 100.5 181.5 949.0 EBITDA+S Margin 41.0% 5.6% 30.0% 23.5%

  48. Slide 48: Overview of Segment Financial Results and Outlook

    4. Overview of Segment FY2025 Financial Results and FY2026 Full-year Outlook Revenue EBITDA+S and Margin % (in billions of yen) (in billions of yen) Staffing HRT HRT MMT MMT Staffing FY2024 Pro Forma FY2025 Actual FY2026 Outlook FY2024 Pro Forma FY2025 Actual FY2026 Outlook Please see footnotes in t

  49. Slide 49: HR Technology Segment FY2025 Financial Results and FY2026 Full-year Guidance

    5. HR Technology Segment FY2025 Financial Results and FY2026 Full-year Guidance Recruit Holdings | FY2025 Q4 Results 49

  50. Slide 50: Segment Revenue - Quarterly Results

    5. HR Technology Segment Segment Revenue - Quarterly Results In US dollar In Japanese Yen (in millions of dollars) YoY (in billions of yen) YoY Japan Europe & Others US FY2024 Pro Forma FY2025 FY2024 Pro Forma FY2025 Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 50

  51. Slide 51: Segment Revenue - Annual Results and Outlook

    5. HR Technology Segment Segment Revenue - Annual Results and Outlook (in millions of dollars) Japan Europe & Others Non-US US Pro Forma Outlook Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 51

  52. Slide 52: Revenue - US Quarterly Results

    5. HR Technology Segment Revenue - US Quarterly Results IHL US NSA JPI: Historical (Feb. 2020 - Mar. 2026) (in millions of dollars) (Index to 100 on Feb 1, 2020) +25% US ARPJ Growth Rates +19% 150 +15% Historical IHL US NSA JPI RHC assumed FY2025 Q4 Index 125 100 75 50 FY2019 FY2020 FY2021 FY2022 FY

  53. Slide 53: Revenue - US Annual Results and Outlook

    5. HR Technology Segment Revenue - US Annual Results and Outlook IHL US NSA JPI: Historical (Apr. 2020 - Apr. 2026) and Assumed FY2026 (in millions of dollars) (Index to 100 on Feb 1, 2020) Historical IHL US NSA JPI US ARPJ Growth Rates +17% +18% RHC assumed FY2026 Index 150 125 100 -7% -4% 75 50 Ou

  54. Slide 54: US Sponsored Jobs revenue on Indeed by Occupation

    5. HR Technology Segment Revenue - US: FY2025 US Sponsored Jobs revenue on Indeed by Occupation Occupations exposed to Gen AI2,3: - Finance & Accounting - Technology - Marketing, Advertising & Public Relations, etc. In-Person Economy Occupations1: - Healthcare - Repair, Maintenance & - Management In

  55. Slide 55: Revenue - Europe and Others

    5. HR Technology Segment Revenue - Europe and Others (Including Canada) Quarterly Results Annual Results and Outlook YoY (in millions of dollars) (in millions of dollars) YoY YoY FY2024 FY2025 Actual Outlook Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 55

  56. Slide 56: Revenue - Japan

    5. HR Technology Segment Revenue - Japan Quarterly Results Annual Results and Outlook YoY (in billions of yen) YoY (in billions of yen) YoY FY2024 Pro Forma FY2025 Pro Forma Actual Outlook Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 56

  57. Slide 57: Segment EBITDA, EBITDA+S and Margins % - Quarterly Results

    5. HR Technology Segment Segment EBITDA, EBITDA+S and Margins % - Quarterly Results EBITDA and Margin % EBITDA+S and Margin % (in billions of yen) (in billions of yen) YoY YoY FY2024 Pro Forma FY2025 FY2024 Pro Forma FY2025 Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 5

  58. Slide 58: Segment EBITDA, EBITDA+S and Margins % - Annual Results and Outlook

    5. HR Technology Segment Segment EBITDA, EBITDA+S and Margins % - Annual Results and Outlook (in billions of yen) EBITDA+S Margin% EBITDA Margin% Share-based payment expenses Pro Forma Outlook Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 58

  59. Slide 59: FY2026 Segment Revenue Growth % and EBITDA+S Margin %

    5. HR Technology Segment FY2026 Segment Revenue Growth % and EBITDA+S Margin % (in billions of yen) Revenue Growth in US Dollar EBITDA+S Margin % Pro Forma Outlook Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 59

  60. Slide 60: Staffing Segment FY2025 Financial Results and FY2026 Full-year Guidance

    6. Staffing Segment FY2025 Financial Results and FY2026 Full-year Guidance Recruit Holdings | FY2025 Q4 Results 60

  61. Slide 61: Revenue

    6. Staffing Segment Revenue Quarterly Results Annual Results and Outlook (in billions of yen) YoY (in billions of yen) YoY YoY Europe US Australia Europe, US, Australia Japan Japan FY2024 Pro Forma FY2025 Outlook Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 61

  62. Slide 62: EBITDA+S and Margin %

    6. Staffing Segment EBITDA+S and Margin % Quarterly Results Annual Results and Outlook (in billions of yen) (in billions of yen) YoY YoY YoY FY2024 Pro Forma FY2025 Outlook Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 62

  63. Slide 63: MMT Segment FY2025 Financial Results and FY2026 Full-year Guidance

    7. MMT Segment FY2025 Financial Results and FY2026 Full-year Guidance Recruit Holdings | FY2025 Q4 Results 63

  64. Slide 64: FY2025 Full-year Revenue by Subsegment

    7. MMT Segment FY2025 Full-year Revenue by Subsegment (¥ in Billions) (in billions of yen) Others (Automobile, Bridal, Education, and Others) Beauty ¥113.8 Bn ¥126.2Bn Lifestyle MMT Total ¥293.8 Bn ¥564.6 Bn Housing Travel, & Real Estate Dining, and ¥156.9 Bn SaaS solutions ¥167.6 Bn Recruit Holding

  65. Slide 65: Housing & Real Estate Revenue and Divisions

    7. MMT Segment FY2025 Full-year Revenue by Subsegment (¥ in Billions) Housing & Real Estate Revenue and Divisions Historical Revenue (in billions of yen) Divisions ● New Condominium 分譲マンション (新築マンション ) ● Residential Resale 戸建・流通 (中古マンション含 ) ● Residential Leasing 賃貸 ● Custom Homebuilding & Renovation

  66. Slide 66: Vertical Matching Platforms

    7. MMT Segment Vertical Matching Platforms Vertical Individual Users Matching Platforms Business Clients GMV Increase with AI AI Enhancement Matching SaaS with Recruit ID Unique Data Loyalty Points Unique Data through Fulfillment Recruit Holdings | FY2025 Q4 Results 66

  67. Slide 67: Revenue

    7. MMT Segment Revenue Quarterly Results Annual Results and Outlook (in billions of yen) YoY (in billions of yen) YoY YoY Others Others Housing Housing & Real Estate & Real Estate Lifestyle (Beauty, Dining, Travel, SaaS) Lifestyle (Beauty, Dining, Travel, SaaS) FY2024 Pro Forma FY2025 Pro Forma Actu

  68. Slide 68: EBITDA+S and Margin %

    7. MMT Segment EBITDA+S and Margin % Quarterly Results Annual Results and Outlook YoY (in billions of yen) (in billions of yen) YoY YoY FY2024 Pro Forma FY2025 Pro Forma Actual Outlook Please see footnotes in the appendix. Recruit Holdings | FY2025 Q4 Results 68

  69. Slide 69: Semi-annual Results and Outlook

    7. MMT Segment Semi-annual Results and Outlook Revenue EBITDA+S and Margin % YoY (in billions of yen) YoY (in billions of yen) YoY YoY Others Housing & Real Estate Lifestyle (Beauty, Dining, Travel, SaaS) FY2025 Actual FY2026 Outlook FY2025 Actual FY2026 Outlook Please see footnotes in the appendix.

  70. Slide 70: Appendices

    Appendices Recruit Holdings | FY2025 Q4 Results 70

  71. Slide 71: Appendix: FY2025 EBITDA+S

    Appendix: FY2025 EBITDA+S (in billions of yen) FY2024 FY2025 YoY Operating income 490.5 630.5 +28.5% - Other operating income / (expenses), Net (36.4) (29.9) - Non-GAAP operating income 526.9 660.5 +25.3% + Depreciation and amortization 71.4 70.0 - EBITDA 598.4 730.5 +22.1% Margin % over Revenue 16.

  72. Slide 72: Consolidated Balance Sheet as of March 31, 2026

    Appendix: Consolidated Balance Sheet as of March 31, 2026 As of March 31, Variance (in billions of yen) 2024 2025 2026 Assets Cash and Cash Equivalents 1,136.8 808.6 725.5 -83.0 Total current assets (Excluding Cash and Cash Equiv.) 625.9 661.7 829.5 +167.8 Total non-current assets 1,381.9 1,301.8 12

  73. Slide 73: The Number of shares as of March 31, 2026

    Appendix: The Number of shares as of March 31, 2026 As of March 31, Variance (in millions of shares) 2024 2025 2026 Number of issued shares 1,649.8 1,563.9 1,472.5 -91.4 Number of treasury stock Shares directly held by Recruit Holdings 50.4 36.4 28.8 +7.5 Shares held by the Board Incentive Plan trus

  74. Slide 74: FY2026 Consolidated Full-year Guidance

    Appendix: FY2026 Consolidated Full-year Guidance FY2025 FY2026 05/15/26 Actual YoY (in billions of yen, unless otherwise stated) Guidance Exchange rate per US Dollar (Yen) 150.7 154.0 - Revenue 3,697.3 4,030.0 +9.0% EBITDA+S 794.3 949.0 +19.5% EBITDA+S margin % 21.5% 23.5% - EBITDA 730.5 869.0 +19.0

  75. Slide 75: Net Cash

    Appendix: Net Cash As of March 31, (in billions of yen) 2024 2025 2026 Cash and cash equivalents 1,136.8 808.6 725.5 + Investments for available funds on standby for - 15.1 42.3 business operations within other financial assets - Interest-bearing debt (excludes lease liabilities) 1.3 1.0 2.0 Net cas

  76. Slide 76: Footnotes

    Appendix: Footnotes Page 3,25,28-33,36-40,47,48,51,53,55,56,58,59,61,62,67-69,74 The foreign exchange rate assumptions for the FY2026 guidance and outlook as of May 15, 2026 are 154 yen per US dollar, 182 yen per Euro and 110 yen per Australian dollar. Page 3,29,30,32,33,36,38,47,48,57-59,62,68,69,7

  77. Slide 77: Footnotes

    Appendix: Footnotes Page 16,31,52,53 US Average Revenue per Job Posting on Indeed (or US ARPJ) is calculated by dividing HR Technology US revenue in a given period by the average number of daily US job postings on Indeed during that period, as measured by the Indeed Hiring Lab, the economic research

  78. Slide 78: Footnotes

    Appendix: Footnotes Page 26,40,42,43 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 Net cash and cash equivalent = cash and cash

  79. Slide 79: Footnotes

    Appendix: Footnotes Page 54 FY2025 US Sponsored Jobs revenue on Indeed refers to Gross revenue from Sponsored Jobs at Indeed US during FY2025. Sponsored Jobs on Indeed US (including those with no or minimal revenue at Indeed from Sponsored Jobs) are classified into the occupational categories based

  80. Slide 80: 免責条項 将来見通しに関する注意事項

    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

  81. Slide 81: 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

Recruit Holdings — Q4 2026 Earnings Presentation on 6ix