We have provided the financial guidance, which is based on the following exchange rate assumptions, 107 yen per U.S. dollar, 121 yen per euro and 74 yen per Australian dollar. So the management structure will change greatly. The purpose of the offering was to address the concerns regarding the impact on our stock price from potential uncoordinated sales of shares by multiple shareholders. So at what pace this recovery will take place? We have made changes from the systems perspective as well, and we believe our initiatives then have driven effective for the current results. Therefore, although the business outlook remains uncertain, we currently expect that our US dollar based revenue for the second half of this year will be near the upper end of the second half guidance range, as previously announced in November. So those two are intertwined as a multiplier, and this contributes to the top line. Three, due to results in the third quarter and progress and trends in the fourth quarter, as well as our aggressive investments in hiring and marketing activities aligned with our business strategy, we did not revise our consolidated financial guidance for the second half of the year. Can I assume that there is a large proportion of one-time cost of stock-based compensation? Therefore, in the third quarter, we saw more recovery compared to usual times. As mentioned in the earlier question, we will continue investing for the future, which will be a cost increase. GET STARTED. If you have an ad-blocker enabled you may be blocked from proceeding. But my rough image is the return to us, the revenue recovery, we think, is quicker than others. My Research and Language Selection Sign into My Research Create My Research Account English; Help and support. If that is going on, then I think we're successfully capturing that demand. Oct. 26, 2022 1:57 PM ET IQVIA Holdings Inc. (IQV) SA Transcripts. Next, I will talk about the results of Staffing. But we continue to be cautious as to the future outlook. And joining me today are Junichi Arai, Executive Officer of Corporate Planning Division, and Yasushi Hashimoto, Executive Manager of Disclosure and Individual Investor Relations Department. First, regarding revenue. PayPal Holdings (PYPL) Q3 2022 . That was the assumption. Adjusted EBITDA decreased by 3.8% year-over-year as Media & Solutions executed strategic marketing activities aligned with its business strategy. So, there is a mixture of different factors. Apr 15, 2022 | Recruit Holdings Co., Ltd. ; Contact Us Have a question, idea, or some feedback? Today, we have announced a new leadership structure. The current Recruit Holdings [ RCRRF] share price is $30.63. The stock-based compensation expense was 19.3 billion during the nine-month period, as you can see in the cash flow statement. Also on January 13 this year, we announced that Hisayuki Idekoba, who is known as Deko and is currently the Executive Vice President, COO and Director of the Board, has been appointed as President, CEO and Representative Director of the Board effective April 1. Because of that, EBITDA margin was 40.3% in the second quarter. Building the world's leading matching platform. Today, I would like to explain the following four points. I'm [ Masa Ito ] from Investor Relations. Compared to Q2, revenue in Q3 increased 7.3%. Yes, I understand. And if we are successful in hiring good talent, then -- and this will also impact. So, first question, I said this from the beginning of the fiscal year. Okay. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. In a rapidly changing online business environment, we aim to maximize shareholder and corporate value with streamlined decision-making based on an ability to quickly grasp stakeholder needs and realize business opportunities in the global market. Also, revenue in Media & Solutions increased excluding revenue from the Rent Assistance Program, which was only in the previous fiscal year against the backdrop of an economic recovery in Japan since the end of September when COVID-19 related restrictions were lifted. Recruit Holdings Co., Ltd. 2023 Q1 - Results - Earnings Call Presentation; Recruit Holdings Co., Ltd. 2023 Q1 - Results - Earnings Call Presentation. For third quarter, the region-by-region and by large company and SMEs, you gave us the split. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . We have a few more minutes to take more questions. Advertising expenses decreased year-on-year in Q3. So this is the Marketing Solutions. They are both related to capital allocation. What will be the factors to affect, which point in the range you will finish? Recruit Group believes that the thoughts of each individualInsideare connected to our creation of value for societyOutside. We do not see that there is a significant gap between the US and other regions. In Europe, US and Australia, the spread of COVID-19 appears to have peaked, with cases currently in the declining trend. I have two questions. Or has it changed? If the results are worse than 11%, then, accordingly, our marketing spend will have to be adjusted. Despite the challenging business environment, we continue to see strong demand for Air Business Tools. Based on this, your M&A strategy and your pipeline, and how you plan to build your M&A pipeline, are there any changes? So, the third quarter margin exceeded your anticipation. We seek to provide Opportunities for Life much faster, surprisingly simpler and closer than ever before. In line with our capital allocation policy, we determined it would be appropriate to buy back our shares from the three Japanese business shareholders in order to alleviate the concerns in the capital markets regarding the impact on our stock price from possible uncoordinated sales by multiple shareholders. The relatively limited supply of jobseekers looking for work, combined with significant hiring demand, continued to create competition for talent on Indeed and Glassdoor. Jefferies Financial Group also issued estimates for Recruit's FY2024 earnings at $1.70 EPS, FY2025 earnings at $2.25 EPS, FY2026 earnings at $2.94 EPS and FY2027 earnings at $3.74 EPS. Or is it settling? A The stock price for Recruit Holdings Co ( OTCPK: RCRUY) is $ 5.95 last updated October 21, 2022, 8:00 PM UTC. And as a result, your share and other companies competitiveness, how are they changing? If you have an ad-blocker enabled you may be blocked from proceeding. Revenue in Japan increased by 9.1% as the number of temporary staff on assignment increased year-over-year. On the other hand, there is new demand, and we have been able to capture demand. This call is a simultaneous translation of the original call in Japanese and translation is. Jun will briefly go through the Q3 FY 2021 results we announced at 3 PM today, then proceed to the Q&A session. The hiring exceeded supply and this has been continuing for extended period of time. So under this kind of circumstances, the U.S. business demand, especially the demand for our services, was reflected in our third quarter results. . But from now on, maybe they will leave earlier. However, compared to Q2, we continued to ramp up advertising across all our businesses to drive future growth. Recruit Holdings Co., Ltd. (RCRRF) CEO Hisayuki Idekoba. Video and audio difficulties may result depending on the communication and network environment. So that range, do you think -- what will determine that range? The tender price represents a 10% discount from the closing price of 5,090 on the day before the announcement, which was agreed upon in advance with three Japanese business shareholders that signed the tender offer agreement. Earnings for Recruit are expected to grow by 8.97% in the coming year, from $1.56 to $1.70 per share. And because of the state of emergency being declared, this contributed negatively to the Travel domain. Is this happening to you frequently? The Travel domain is now expected to be negative. And are they changing in a sustainable fashion? In addition, Ayano Senaha, who will be appointed to the role of COO, will lead the administrative functions and strengthen our Group's corporate governance. AirPAY offers one of the lowest levels of transaction fees in the industry and currently supports 35 types of payment methods. So, that is the growth you're seeing. Yes, this is Kinoshita speaking. So we have to look at the features and to continue growing in the U.S., and at the same time, think of ways to improve the other international markets. Please understand. Recruit Holdings has historically announced its financial results within 45 days after the end of each quarter, which is recommended by the Tokyo Stock Exchange. And to the extent possible, would you give us an update by region? Now, we would like to proceed to the Q&A session. So, at times, the increase in labor cost is for our future growth, and we just calculate the profit by subtracting that money from our revenue at that given period. Revenue also increased compared to Q2, driven by continued strong global hiring demand, although the quarter-on-quarter growth moderated due to the typical holiday seasonality seen in the US and Europe. Again, it's not just about using as much cost as possible. So, this is not a one-off expense, in short answer. And to answer your next question, in the third quarter, HR Technology margin, compared to November 15, our projection for the second quarter margin, if you could project, and I think that was behind your question about the margin and the cost/expenses for the fourth quarter. Presenter SpeechUnknown Executive Welcome to the Recruit Holdings Q3 FY 2021 Earnings Conference Call. Or compared to the second quarter, have you done a stronger seasonal adjustment in the third quarter? Four, we have not revised our full-year consolidated guidance range disclosed on November 15th as the business environment remains uncertain due to the potential for future COVID-19 related restrictions in Japan and globally. Compared to Q2, revenue in Q3 increased 8.4% and 9.8%, excluding revenue from the Rent Assistance Program, respectively. For the second half, revenue for Japan operations is expected to decrease approximately 2.5% year-on-year, mainly due to weaker demand for new orders during this fiscal year. 08/12/22-9:10AM EST Seeking Alpha Recruit Holdings Co., Ltd. 2023 Q1 - Results - Earnings Call. Please. Maybe people will change their lifestyle and move to a local region. Recruit Holdings Co., Ltd. provides HR technology and business solutions. We said that every quarter and you may think it will continue more. Next, I will talk about the revised consolidated financial guidance, which we disclosed today. will announce its Financial Results for Q4 & Fiscal Year FY2021 on May 16, 2022 3:00 P.M. JST and the Webcast of the Earnings Call on May 16, 2022 at 9:00 P.M. JST can be accessed here. But we're not just depending on the U.S. We've been investing in the overseas business and growing it strongly. As a result, Q3 fiscal year 2020 adjusted EBITDA margin was higher year-on-year and quarter-on-quarter. The company has 1.63 B outstanding shares. We still like the business -- new volatility products are going to be wildly popular if prior indications matter. Today, we have Junichi Arai,. I understand. Compared to July through September, I see flat performance in the US and other regions are following the previous quarter. I see. Compared to Q2, revenue in Q3 increased by 8.1% and 9.0%, excluding revenue from the Rent Assistance Program, respectively. So once the economic situation turns around, we think they will spend money with us and use our service to hire more people and pay more fee to us to hire good -- to hire more. And joining me today are Junichi Arai, Executive. ; Contact Us Have a question, idea, or some feedback? Compared to Q2, adjusted EBITDA in Q3 increased by 10.5%. Sorry for asking so many questions. Now let me address your second question first. The webcasts are being provided solely for informational purposes and do not constitute an offer to sell or a solicitation of an offer to buy any security. Through a long history of our media businesses, we have developed a deep understanding of our Japanese clients' businesses and the issues that they face, and we have cultivated the ability to create solutions to resolve these issues. I think I said that three months ago. Thursday, Mar 30th, 2023. Dividend For 6098.T - 11.0000 JPY. Recruit holdings has an net margin of 9.5% over the past 10 years which has steadily gone up from 6% in 2013 to 10.30% in 2022. And if the current trend continues, we are expecting to perform at the upper end of the range. Revenue for Q3 increased by 1.1%. First, regarding the Marketing Solutions. The consensus estimate for Recruit's current full-year earnings is $1.33 per share. Excluding the revenue from the Rent Assistance Program by The Small and Medium Enterprise Agency of the Ministry of Economy in Japan, consolidated revenue decreased 4.5%. Inside Out is where we tell our stories that cannot be conveyed through numbers alone. We will continue to pay close attention to domestic and international trends and their impacts and aim to achieve our business strategy from a mid to long-term perspective rather than a short-term perspective. About one month ago, 51job privatization offering price changed. And so, we will watch the changes closely. But we don't know if that will directly lead to the share increase because the customers hiring budget may become bigger and then other companies will -- there will be more spending for others. Q3 2023 Recruit Holdings Co Ltd Earnings Release. Last, but not least, I will talk about the results of Staffing. If you have questions, please. For the second half, revenue for Marketing Solutions, excluding the Rent Assistance Program, is expected to decrease approximately 11% year-on-year. Adjusted EBITDA for Q3 increased 2.5% year-on-year and adjusted EBITDA margin was 6.1%. However, we did not revise our revenue guidance for the second half of FY 2021 as the outlook for the sustainability of temporary COVID-19 related demand, particularly in Europe, remains uncertain. Tsuruo from Citigroup Securities. As previously announced, we were expecting minus 5% to minus 9%, and we've revised to 11%. Original call is in Japanese and simultaneous interpretation to English is provided. During our Q2 results announcement, we provided consolidated financial guidance for the fiscal year ending March 2021 and SBU financial guidance for the second half of fiscal year 2020, assuming the business environment would not deteriorate significantly throughout the second half of the fiscal year. International Gurus' Top Holdings. Presenter SpeechMizuho Shen Welcome to the Recruit Holdings First Quarter of FY 2021 Earnings Conference Call. Adjusted EBITDA margin in Media & Solutions for Q3 FY 2021 was 21.6%. 08/12/22-9:10AM EST Seeking. We need someone capable of doing new form of marketing. [Operator Instructions]. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Cboe will report its quarterly earnings on Nov. 4. Ever since our foundation, Recruit Group has sought to act as a meeting place that brings together individual users and business clients, with a focus on services in the fields of life events and lifestyle, ranging from education to employment, and beauty to dining out. We are trying to think of what new services can be launched, whether our existing services can stay effective or need to change or tailor or what to do. Use of or reliance on the information in the webcasts is at your own risk. We are expecting it to be lower than the second quarter. With regards to our outlook for the second half of the year, in Q4, Beauty is expected to continue to remain strong. for a Full Walkthrough. In addition, due to the daily changes in the business environment as regulations are relaxed and reintroduced, the outlook remains uncertain. Please disable your ad-blocker and refresh. Recruit Holdings Co., Ltd. provides integrated human resource services. You're talking about the third quarter because of the Christmas season, and there was seasonal demand. Recruit Holdings Co., Ltd. engages in the provision of integrated human resource services. I'm Shen from IR department and I will serve as a moderator. That's where we need additional workforce. Despite continued restrictions on some business clients' operations in order to mitigate the spread of COVID-19, the business was favorable compared to Q2, supported by strong revenue growth in certain industries, in particular, logistics, healthcare and others that have seen COVID-19-related demand. In the past, figures only for the US market hadn't been disclosed, so I cannot do a comparison. I see that the third quarter has made a great recovery, and you mentioned the logistics demand was quite large. Can you hear me? I have two questions. So the business feature, the strength, the expertise that we've cultivated over the years is now being leveraged and is being demonstrated. But the private round, some companies are regarded very highly. This firm, which is in the Business - Information Services industry, saw EPS growth . So this is where we are. Adjusted EBITDA of Media & Solutions decreased due to strategic marketing activities aligned with its business strategy. Steve Louden will leave in 2023 after helping us recruit and transition his role to a successor. So once the COVID is contained to a certain extent and consumers' behavior comes back, then they can spend longer hours in restaurants, will travel and get married. Adjusted EBITDA margin was 9.5%, a decrease of 0.4 points, driven by an increase in revenue, while costs such as advertising expenses to attract temporary staff increased to a similar extent. But previously, there was no demand in those categories, and we are seeing new demand in these categories. If we have promising companies that we want to work with, we will look for them. Maybe this is a structural phenomenon. Yes, I understand. Due to the uncertain economic environment, HR Technology continued to be conservative in making those investments. Mainly due to a decline in HR Solutions, adjusted EBITDA declined by 25.2% year-on-year and adjusted EBITDA margin was 20.2%. The placement business operates on a pay-per-hire model in which revenue is recognized when a candidate is hired by our business clients. Information presented in connection with the webcasts regarding companies other than the Recruit Group or general market and industry trends and conditions are based on public sources and other third-party information, and the Recruit Group has not verified the accuracy or appropriateness of, and makes no representations with respect to, such third-party information. Consolidated revenue increased by 0.5%. From Mizuho Securities, Mr. Kishimoto, please. But it's not that we can immediately hire people, it takes time. That concludes my explanation of the financial performance by segment. Coverage Calendar; Event AnalysisComing Soon! Outside of the U.S., conditions are mixed and remain challenging in certain countries, such as Japan, where the recent state of emergency was extended through early March. And the share price in the listed companies changed much in the past one month. ; Investor ConnectComing Soon! Recruit Holdings Co., Ltd. (OTCPK:RCRRF) Q3 2021 Results Earnings Conference Call February 14, 2022 3:00 AM ET, Junichi Arai - Executive Officer of Corporate Planning Division, Shinnosuke Takeuchi - Jefferies Japan Limited, Mitsunobu Tsuruo - Citigroup Global Markets Japan. And therefore, adjusted EBITDA margin for the second half for Media & Solutions is expected to be around 12%. Or do you think there will be changes in the customers, consumers, their behavioral changes? Last time, you talked about the labor shortage and the unit price is increasing. So next, Nomura Securities, Mr. Nagao, please. Maybe the behavior will change. And at the same time, as I said earlier, the U.S. HR market is very mobile. So roughly speaking, we usually do not disclose the breakdown. And the other competitors, they are private companies and part of large companies in many cases, and so we cannot accurately grasp the picture. And beyond that, in the HR matching market and recruitment automation market are the new battlefield for us to further improve efficiency for our customers. On January 28, we announced a share repurchase through a discounted tender offer in which the company will acquire up to 34 million shares at a price of 4,581 per share during the tender offer period from January 31 to March 1. My Research and Language Selection Sign into My Research Create My Research Account English; Help and support. Or would you say Dining is going to be worse than your expectation? Welcome to the Recruit Holdings Q3 FY 2021 Earnings Conference Call. Recruit Stock Performance RCRRF opened at $31.21 on Thursday. Q2 2023 Recruit Holdings Co Ltd Earnings Call (Japanese) Friday, Feb 17th, 2023. The competitive landscape, could you elaborate on the competition? So that's the kind of organization we are trying to become. will announce its Financial Results for Q4 & Fiscal Year FY2021 on May 16, 2022 3:00 P.M. JST and the Webcast of the Earnings Call on May 16, 2022 at 9:00 P.M. JST can be accessed. Recruit Holdings is traded on OTC Exchange in the United States. aligned with our business strategy, we did not revise our consolidated financial guidance for the second half of the year. 60% to 70% growth is expected on a global level for the second half. So the clients that you acquired this quarter, we can expect they will continue using it? As a result, we expect a lower adjusted EBITDA margin in Q4 compared to Q3. And we do see a recovery in some of the markets as well, although at different times. When we presented the range in November, there was a question about what would affect the changes in the range. So, HR Technology, I have two questions. Well, it's overall for Overseas operations, but there are certain countries in which situation continues to be very challenging. And we disclosed the cost structure only on a consolidated basis, not for each segment. At least, this ongoing fourth quarter will have the similar trend from what we saw in the second and third quarter in the US and in Europe. So they think of using this service that is easiest to use first. Well, I said in the high teens, so revenue would also -- may fluctuate. Of course, there are people working in the backyard for e-commerce. I also have two questions about HR Technology on your mindset. As I mentioned earlier, in the fourth quarter, like second and third quarter, the trend is continuing, so basically the same cost structure, the same trend continues. Yes, there are 2 points. Revenue of Travel is expected to return to year-on-year declines, primarily due to the temporary suspension of the Go To Travel campaign. Is the unit price increasing even more? Compared to Q2, revenue in Q3 increased 2.8%. So, no change at all in our M&A strategy. Am I correct? Well, I do not get the impression that it has weakened, but is it a regular seasonal adjustment? As of September last year, we assumed that the imbalance in the US labor market would lessen gradually over the second half of FY 2021. Sep 22, 2022 | Recruit Holdings Co., Ltd. Revenue increased by 13% or 9.1% excluding the positive impact of foreign exchange rate movements, primarily driven by the increase in Europe, US and Australia, with the additional growth from Japan. But as Maeda-san just said, it's not easy. And some say vice versa. Faster, simpler and closer to you. Recruit Holdings Co., Ltd. (RCRRF) Management on Q2 2021 Results - Earnings Call Transcript SA Transcripts Mon, Nov. 15, 2021 Recruit Holdings Co., Ltd. (RCRRF) Management on Q1 2022. SMBC Nikko Securities, Mr. Maeda, please. That's our current analysis. ; Contact Us Have a question, idea, or some feedback? That is true. So I think that is a tailwind for us. On the marketing side and development side, we have to hire talent. Opportunities for Life. On a region-by-region basis, could you give us numbers, U.S. -- and U.S. and America and Australia, how much better is Europe and how are things in other regions? Aug 12, 2022 BOOZT Boozt AB Q2 2022 Earnings Call; FNTN freenet AG Q2 2022 Earnings Call . So to a certain extent, we think. So, that was the response to your second question. So I'm trying to understand what were the factors that you looked at, and as a result, changed your guidance? From SMBC Nikko Securities, Mr. Maeda, please. In mid-November, we announced our forecast on revenue growth, and that hasn't been changed. So when we think things are getting better, we see that the lockdowns have been introduced, so it's difficult to say whether overall it's good or bad. Please refer to our earnings release and the materials on our website as appropriate, which include the content of today's presentation. On the other hand, we are still facing COVID. Next is Overseas operations. Adjusted EBITDA increased 3.0% year-on-year and adjusted EBITDA margin was 7.8%. The placement service has also seen recent signs of gradual recovery, but revenue from recovered demand is expected to be recognized some time in next fiscal year. Right. Recruit Holdings Co.,Ltd. We want to hear from you. But when you say high teens, that's still a broad range. So these are some factors. Of the approximately 260,000 AirPAY registered accounts as of December 31, 2021, approximately 165,000 accounts also subscribed to other Air business tools solutions. This is mainly due to the expected decline in revenue, an increase in the expense to improve remote work environment and an increase in advertising expenses to attract temporary staff and business clients, mainly in Japan. Also on January 13 this year, we announced that Hisayuki Idekoba, who is known as Deko and is currently the Executive Vice President, COO and Director of the Board, has been appointed as President, CEO and Representative Director of the Board effective April 1. Thanks, SA Transcripts Team. As the outlook for the second half was uncertain as of November 15, we conservatively expected that revenue in Japan for the second half of FY 2021 was expected to increase approximately 3% year-over-year and revenue in Europe, US and Australia was expected to increase approximately 5% year-over-year. So, toward May, when we announce our full year results, we will watch the situation closely and share the information with you properly. Revenue outside of the US increased by 88.3%, primarily led by Europe and Canada. Excluding 30.6 billion yen of the Rent Assistance Program, which is included in others, revenue declined by 5.2% year-on-year. Well, the people in the delivery services, there are not so much staff, temp staff, but they are more short-term, more like part-time workers. But afterwards, in the third quarter, particularly for the Travel domain, which was performing well, but later, the situation changed. In the next fiscal year, we plan to continue recruiting top talent aggressively as an upfront investment in order to realize our long-term strategy simplify hiring. For the second half of fiscal year 2020, HR Technologys revenue on a U.S. dollar basis is expected to increase approximately 11% year-on-year, which has been revised upward as the positive trends in Q3 are expected to continue in Q4, assuming the business environment does not deteriorate significantly. Is this continuing into the third quarter? Similar to 6098. However, its performance is expected to be weaker in Q4 as the number of properties, which are available for sale, have been decreasing. I have 2 questions. A notification will appear on this page if for some reason the live streaming cannot be provided. As in the previous fiscal year, we are investing aggressively in marketing and product development, in line with our long term business strategy for future growth in response to the evolving business environment. Understood. Is it different from other regions? RCRUY (Recruit Holdings Co) WACC % as of today (October 31, 2022) is 8.9%. This is not a consolidated business, so it will be below our profit line. The first question is the situation in the US may be under some seasonality according to your explanation. 131.18K Follower s. Play Earnings Call. Adjusted EBITDA for the nine month period ended December 31, 2021 was 401.1 billion. That is my question. So it's not so much the staffing business. At this, however, the business environment for HR Technology has not changed significantly from Q3.