recruit holdings earnings call

for a Full Walkthrough. Yes, this is Nagao speaking from Nomura Securities. For those clients, they say, we liked it, the last time we used the service, so we'll use it again, or the cost per hire was lowest, it was the easiest to use. First, regarding the HR Technology. Regardless of the normal seasonality, I believe we performed better than usual. On that basis, throughout the second half, we will try to keep the margin at the higher half of the 20% range. Therefore, we are planning to significantly reduce adjusted EBITDA margin for Q4 compared to Q3 and we expect adjusted EBITDA margin for the second half to be approximately 12% as we announced in November 15, 2021. That is one view. We currently publish thousands of The consensus estimate for Recruit's current full-year earnings is $1.33 per share. So, no change at all in our M&A strategy. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. An example of a new area of growth for Air Business Tools during the spread of COVID-19 is Air Reserve, a web service that simplifies reservation management. As for the domains, Travel, do you think it will be contributing? However, compared to Q2, we continued to ramp up advertising across all our businesses to drive future growth. After the distribution of the prospectus, marketing and pricing, the transaction was completed on December 25. Faster, simpler and closer to you. No, we are not seeing such a big change or trend that warrants us to be more cautious in the fourth quarter. And so how we can be cross-functional and make quick decisions and execute them will be the key. From SMBC Nikko Securities, Mr. Maeda, please. Please disable your ad-blocker and refresh. And so this may be a temporary thing. It operates through the following business segments: Human Resources Technology Services, Media & Solutions and Staffing.. Recruit Holdings Co., Ltd. engages in the provision of integrated human resource services. RCRUY (Recruit Holdings Co) WACC % as of today (October 31, 2022) is 8.9%. Q Does Recruit. Adjusted EBITDA for Q3 increased 2.5% year-on-year and adjusted EBITDA margin was 6.1%. Please refer to our earnings release and the materials on our website as appropriate, which include the content of today's presentation. Cboe will report its quarterly earnings on Nov. 4. 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. First, regarding revenue. If you have questions, please. I also have two questions about HR Technology on your mindset. We have not done that yet. During Q3, restrictions and measures put in place in each country to limit the spread of COVID-19 remained in effect or were reimposed in certain markets. For the second half, revenue for Marketing Solutions, excluding the Rent Assistance Program, is expected to decrease approximately 11% year-on-year. The hiring exceeded supply and this has been continuing for extended period of time. So I think you're talking about a different -- slightly different category of temp workers. 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. I will walk you through the SBU details later. 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. We also supported significant hiring among a few very large companies in e-commerce, logistics and delivery services to meet seasonal demand and in response to the shift in demand for online goods and services, which had been accelerated by the pandemic. You're talking about the margin, correct? Recruit Holdings Co., Ltd. (OTCPK:RCRRF) Q3 2021 Results Earnings Conference Call February 14, 2022 3:00 AM ET. Looking at the impact COVID-19 has had on previous quarters in marketing solutions, the reintroduction of COVID-19 related restrictions is expected to have a limited impact in housing and beauty, while travel and dining may be negatively impacted. Next, I will talk about the results of operations and financial guidance by segment. 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. For the second half revenue guidance, even though the part-time job boards have seen recent signs of recovery, hiring demand, especially in dining clients, is expected to decrease in Q4, mainly because of the state of emergency in Japan. My Research and Language Selection Sign into My Research Create My Research Account English; Help and support. And the second question is related to labor cost on a full-year basis in the SG&A. 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. However, its performance is expected to be weaker in Q4 as the number of properties, which are available for sale, have been decreasing. We want to hear from you. Rather, we are hiring talent for the future. Right. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Maybe this is a structural phenomenon. A The stock price for Recruit Holdings Co ( OTCPK: RCRUY) is $ 5.95 last updated October 21, 2022, 8:00 PM UTC. I have two questions. So, HR Technology, I have two questions. I have 2 questions. Revenue in Japan increased by 9.1% as the number of temporary staff on assignment increased year-over-year. We are expecting it to be lower than the second quarter. If you have an ad-blocker enabled you may be blocked from proceeding. We want to hear from you. 08/12/22-9:10AM EST Seeking. That is true. So, we will continue our collaborative relationship. Right. Consolidated adjusted EBITDA decreased by 5.0% in Q3 year-on-year and adjusted EPS decreased by 4.9%. And next, regarding the fourth quarter about recruiting efforts, we are not intending to spend as much cost as possible to hire people. The stock-based compensation expense was 19.3 billion during the nine-month period, as you can see in the cash flow statement. On November 30, 2020, the Board of Directors resolved to conduct a secondary offering of approximately 100 million shares of common stock in total by 8 long-term partner shareholders. The presentation and comments made by officers or employees of Recruit Holdings Co.,Ltd. [Operator Instructions]. 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. I have two questions. I have one question regarding the Overseas operations, overseas staffing. In addition, due to the daily changes in the business environment as regulations are relaxed and reintroduced, the outlook remains uncertain. Compared to Q2, adjusted EBITDA in Q3 increased by 25% and adjusted EPS increased by 39.4%. Also, please note that all comparisons during this conference call are year-over-year unless otherwise stated. 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. Next, I will talk about the consolidated results of operations for Q3 of FY 2021. As a result, adjusted EBITDA margin for the second half of FY 2021 is anticipated to be in the high 20% range as we announced in November. I am Junichi Arai, Executive Officer of Capital Market Strategy of Recruit Holdings. And if the current trend continues, we are expecting to perform at the upper end of the range. Thank you for your participation today. So what is the discussion right now? We want to hear from you. Adjusted EBITDA margin guidance for the second half of FY 2021 is unchanged, and is expected to be in the low 6% range as we plan to execute strategic marketing activities aligned with our business strategy in the fourth quarter. So what will happen after that, as Maeda-san just said, the structural problem may not be resolved that easily. and its subsidiaries (the Recruit Group) in connection with these webcasts (including any posts from official social media accounts of the Recruit Group) are based on information available at the time such presentation or comments were first published. Read More Get Recruit Earnings Alerts Q4 FY2021 Earnings Call Recruit Holdings 1:03:31 Play video 202331 202331 51:27 Play video 202331 202331 51:27 About Vision, Mission & Values Message from the CEO Leadership Company Profile History Our Business Model Group Companies So, there is a mixture of different factors. This call is a simultaneous translation of the original call in Japanese and translation is provided for the convenience of investors only. Citigroup Securities, Mr. Tsuruo, please. But compared to the U.S., the HR liquidity is not as high in other countries like Japan, Japan has low liquidity. But from the second to third quarter, development in the US, is it in line with your past regular seasonalities? As a result, the revenue growth led to the profit increase and the margin increase. 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. One, our recently launched self-tender offer at a discounted price. On the marketing side and development side, we have to hire talent. Recruit Holdings: Recruit : Conference Call Transcript (160 KB) (marketscreener.com) Recruit Holdings FY2020 Earnings Call May 17, 2021 Shen: Welcome to the Recruit Holdings FY2020 earnings conference call. And you have a strong recovery. Current Stock Price for Recruit Holdings Co (RCRUY)? 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. Thursday, Mar 30th, 2023. Dividend For 6098.T - 11.0000 JPY. Regarding revenue in HR solutions, although the job advertising business, especially from the restaurant sector, may be impacted by the current COVID-19 related restrictions, based on the revenue growth in the placement service in Q3 and the progress of HR solutions overall thus far in Q4, we have not revised our financial guidance. Through this offering process via underwriting securities companies, we have addressed this concern, and we are pleased to announce that more global institutional investors were able to hold a larger volume of our shares. Faster, simpler and closer to you. So it's a matter of, to what extent this trend is sustainable and to what extent we can see the business rebound. So for example, your recovery was quicker, where -- what factors do you think that allowed that to happen, your company's efforts or other factors? They may come to us first temporarily. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. In order to implement our long term business strategy, help businesses work smarter, to support further improvement of the performance and productivity of business clients in Japan, we will aggressively continue to focus on investing in strategic product initiatives and recruiting top talent for that, while also streamlining the business management system next fiscal year. So depending on how low, it will determine at which point in the range we will fall. We will talk about the revenue breakdown for 2020 in May, so I would like to refrain from doing that right now. We want people to be engaged in our company. So under this kind of circumstances, the U.S. business demand, especially the demand for our services, was reflected in our third quarter results. I see. So, this is not temporary. So it's not a one-time demand. If the candidate is confident, of course, we will be paying the necessary amount to retain them. I have one question. We do not see that there is a significant gap between the US and other regions. In addition, in condition of the supply and demand of shares in the aftermarket following the secondary offering and enhancing shareholder value, the Board of Directors also resolved to implement a share repurchase program after the secondary offering. I see. Housing & Real Estate has performed steadily in Q2 and Q3. Q4 FY2021 Earnings Call Recruit Holdings. ; Contact Us Have a question, idea, or some feedback? And the US will be a significant source of revenue. I will begin with the recent developments that we implemented and announced after the Q2 results announcement. Am I correct? Two, in the third quarter, consolidated revenue increased by 22%. If we have promising companies that we want to work with, we will look for them. Please disable your ad-blocker and refresh. And we do see a recovery in some of the markets as well, although at different times. I am Junichi Arai, Executive Officer of the Corporate Planning Division of Recruit Holdings. WACC % explanation, calculation, historical data and more . As of January 31, 2021, we have completed share repurchase totaling approximately 70% of next month total purchase amount of 70 billion yen. 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. No change in the dividend forecast. 4 New. Yes, there are 2 points. Now, we would like to proceed to the Q&A session. So what we expected in November compared to our expectations then, sales dropped compared to the previous year of what's smaller. My Research and Language Selection Sign into My Research Create My Research Account English; Help and support. 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%. Okay. Compared to Q2, revenue in Q3 increased by 12.6% on a U.S. dollar basis. Based on this, your M&A strategy and your pipeline, and how you plan to build your M&A pipeline, are there any changes? Since our foundation, we have connected individuals and businesses offering both a multitude of choices. In the fourth quarter in Japan, the impact of the recently introduced priority preventive measures on the staffing business is expected to be limited in Q4 FY 2021. We expect the stock-based compensation expense for Q4 to be approximately 15 billion due to the addition of 2022 grants to HR Technology employees. Marketing Solutions continue to manage its operating expenses strategically and flexibly, such as by reducing advertising expenses while targeting marketing investments to businesses where revenue is recovering. But from now on, maybe they will leave earlier. And at the same time, these SMEs that are launching new businesses and the ones that used our service and came back to use our service again, this trend is continuing. However, compared to Q2 of this fiscal year, revenue in both travel and dining increased due to the rebound of demand after COVID-19 related restrictions were lifted in travel, in particular. Since there are no other questions, I will go. Apr 15, 2022 | Recruit Holdings Co., Ltd. Yes, overseas by region, on the annual basis -- we present numbers on annual basis. From the regional perspective, are you specifically talking about Europe? The current Recruit Holdings [ RCRRF] share price is $30.63. In Japan, revenue growth continued, but at a slower pace than most of the markets in which HR Technology operates as economic activity recovered after COVID-19 related restrictions were lifted at the end of September. So we are trying to identify them one by one and evaluate the risks, but we have not gotten that far. So, for you, the hiring of talent is a high hurdle for you too. But afterwards, in the third quarter, particularly for the Travel domain, which was performing well, but later, the situation changed. Please refer to the FAQ on our website, the appendix for financial results, and FAQ number 3 and 4 for consolidated and SBU guidance respectively. Thanks, SA Transcripts Team. Support Center Find answers to questions about products, access, use, setup, and administration. So, this is not a one-off expense, in short answer. And are they changing in a sustainable fashion? Support Center Find answers to questions about products, access, use, setup, and administration. And I also responded to the second question of Mr. Maeda, and this is related to that question. Recruit Holdings Co, Ltd. ( OTCPK:RCRRF) Q1 2022 Earnings Conference Call August 12, 2021 4:00 AM ET Company Participants Junichi Arai - Executive Officer of Corporate Planning Division. So this is where we are. As we mentioned before, we have determined the number of registered SaaS solution accounts in Japan is the most important KPI as Media & Solutions aim to evolve the wide range of solutions offered into an integrated ecosystem to support the operations of our business clients. So they think of using this service that is easiest to use first. As you can see, people working on customer sites, the temp staff, the number of such workers obviously affects our revenue numbers. Well, it's overall for Overseas operations, but there are certain countries in which situation continues to be very challenging. Any changes there? And so, we hope this will be resolved as soon as possible and will be completed. Revenue for Q3 increased by 1.1%. But my rough image is the return to us, the revenue recovery, we think, is quicker than others. Mainly in the US, the labor force is in short supply. Revenue in Japan operations in Q3 decreased by 2.6% year-on-year. Individual users' preference for contactless payments supported further demand for AirPAY accounts, which continued to grow steadily to approximately 187,000 at the end of December 2020, an increase of 42.6% year-on-year. Read more Quarterly Results Other Documents Investor Relations Events Nov 14, 2022 Q2 FY2022 Financial Results And as I said before, the HR appointment and hiring is something we are working on as well. With the changes in the financial environment, the stock market is changing dramatically. However, the Go To Travel campaign has been temporarily suspended since December 28, 2020, and the impacts have been currently noticeable. Eiji Maeda - SMBC Nikko Securities Inc. Shinnosuke Takeuchi - Jefferies Japan Limited. That is what I can say for now. Despite the challenging business environment, we continue to see strong demand for Air Business Tools. More on Recruit Holdings CoLtd Moving together with Recruit Holdings 0.65 RANJF Pair Corr Air business tools aimed at improving productivity of clients' business in HR solutions as well. Recruit Holdings Co., Ltd. engages in the provision of integrated human resource services. So sorry, one more thing. Junichi Arai - Executive Officer of Corporate Planning Division. Adjusted EBITDA in HR Solutions decreased 57.7% year-on-year due to decreased revenue, and adjusted EBITDA margin was 16.0%. 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 already disclosed our revised financial guidance in the financial statements and FAQ, but I will explain it together with the Q3 results. The first question is the situation in the US may be under some seasonality according to your explanation. Then Kinoshita-san. | April 6, 2022 Revenue in Media & Solutions decreased by 9.8%. If that is going on, then I think we're successfully capturing that demand. My Research and Language Selection Sign into My Research Create My Research Account English; Help and support. I'm Masa Ito from Investor Relations. Sep 22, 2022 | Recruit Holdings Co., Ltd. First, the consumers trend and whether our service can match them. And therefore, adjusted EBITDA margin for the second half fiscal 2020 is expected to be in the high teens. And so, we will watch the changes closely. I'll explain Q3 results for Japan operations and Overseas operations separately. Original call is in Japanese and simultaneous interpretation to English is provided. Our target management KPIs are adjusted EBITDA and adjusted EPS. 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. Okay. Adjusted EBITDA for Q3 was 71.9 billion, an increase of 168.8%. It's not a temporary one-time demand? Last time, the seasonal demand in the second quarter was seen, and we talked about what we have to see, what will happen in January and onward. So, that's what we are focusing on now. So that range, do you think -- what will determine that range? Adjusted EBITDA of Media & Solutions decreased due to strategic marketing activities aligned with its business strategy. Coupled with the impact of stagnant economic activities, profits declined in the fiscal year ended March 2020 and also in the fiscal year ended March 2021. Compared to Q2, revenue in Q3 increased by 8.1% and 9.0%, excluding revenue from the Rent Assistance Program, respectively. Revenue outside of the US increased by 88.3%, primarily led by Europe and Canada. To your first question about the US market, in 2020 and in fiscal year 2021, it is true that we have seen irregular development and it is difficult to look just at the third or the fourth quarter and make comparison, to be honest. As mentioned in the earlier question, we will continue investing for the future, which will be a cost increase. As mentioned earlier, while our revenue has been resilient to the recent lockdowns and other government measures to slow the spread of COVID-19, the continued elevated level of cases poses a risk to our continued rebound and growth. And if cost per hiring is too high, will you choose to hire at a slower pace? So I'm trying to understand what were the factors that you looked at, and as a result, changed your guidance? So, toward May, when we announce our full year results, we will watch the situation closely and share the information with you properly. A notification will appear on this page if for some reason the live streaming cannot be provided. Similar to 6098. We need someone capable of doing new form of marketing. Recruit Holdings Co.,Ltd. Original call is in Japanese and simultaneous interpretation to English is provided. 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. Sorry for asking so many questions. However, adjusted EBITDA margin for Q3 decreased by 8.4 percentage points compared to Q2 of 40.3%. Adjusted EBITDA decreased by 3.8% year-over-year as Media & Solutions executed strategic marketing activities aligned with its business strategy. Masumi Minegishi, currently President and CEO and Representative Director of the Board, will become Chairperson and Representative Director of the Board effective April 1. This supported a continued rebound of recruiting and hiring activity and improving revenue trends, particularly in the U.S. and especially among SMEs. But compared to our announcements before, the revenue decrease in Overseas operations has been smaller. As for the overseas staffing operations, you said that the fourth quarter results will be lower than the third quarter, and you're taking more cautious approach. 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. Share Repurchase, GLASSDOOR LAUNCHES ADVANCED FILTERS TO FIND COMPANIES HIGHLY RATED FOR WORK/LIFE BALANCE, DIVERSITY & INCLUSION AND MORE, Recruit In-Store Payment Service AirPAY will Start Accepting Rakuten Pay and Rakuten Point Card, Webcast of the Q2 FY2022 Earnings Call on November 14, 2022, Recruit Group Joins UN Women's HeForShe Alliance as First East Asia-based Corporate Champion to Promote Gender Equality. As a result, the profit and margin also increased. We want to hear from you. 2 New. And the share price in the listed companies changed much in the past one month. AirPAY offers one of the lowest levels of transaction fees in the industry and currently supports 35 types of payment methods. 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? As a result, we expect a lower adjusted EBITDA margin in Q4 compared to Q3. Adjusted EBITDA increased by 5.1%. I asked my question previously that was rather long. However, we expect our full-year consolidated financial results will be near the upper end of the guidance range. Second question, HR Technology. So of course, that will be a factor affecting the margin. So, my first question is the question I asked last time too, the result. Compared to Q2, revenue in Q3 increased 7.3%. Recruit Holdings Co., Ltd. 2023 Q1 - Results - Earnings Call Presentation Aug. 12, 2022 10:05 PM ET Recruit Holdings Co., Ltd. (RCRRF), RCRUY SA Transcripts 130.86K Follower s The.

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