Recruit Holdings Co Adr (RCRUY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Recruit Holdings FY 2024 Earnings Conference Call. This call is simultaneous translation of the original call in Japanese and translation is provided for the convenience of investors only. I'm Mizuho Shen, Manager of IR and PR, and joining me today are Hisayuki Idekoba, Representative Director, President and CEO, and Junichi Arai, Executive Vice President and CFO. First 25 minutes, Deco and Jun will provide a presentation followed by a Q&A session. Please note that today's session, including the Q&A, will be posted on our IR website after the event. Now I'll turn the call over to Deco. Hi, I'm Deco of Recruit Holdings. Thank you so much for your attendance. I'm impressed by this large turnout. Thank you very much. So let us share with you our financial results. First of all, at this time event last year, I predicted the hiring demand in the US. In May last year, we said that the hiring demand in the US would continue to decline for the next 18 to 24 months. And I used this graph. So in the second half, we thought that the hiring demand in the US will hit the bottom and we still see it that way. So we anticipate this difficult environment and run our business based on that. And this is what happened. This is the job ad data in the US. Around October, December, it showed signs of recovery. But as you know well, in February and March, we still see difficult numbers. So we cannot say that the demand has hit the bottom yet. So this is the situation. but it is close to what we anticipated. So the improvement in the business productivity and the product monetization strategy, mainly in the US were pursued and produced certain amount of results. And therefore both revenue and adjusted EBITDA were record high. Now, from April and May onward. The U.S. hiring dem...