By changing reservation management from paper-based to the cloud, availability can be checked at a glance. We will not be overly optimistic or pessimistic. The consensus estimate for Recruit's current full-year earnings is $1.33 per share. First, regarding the HR Technology. 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. Recruit Holdings Co., Ltd. (RCRRF) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Housing & Real Estate has performed steadily in Q2 and Q3. If the candidate is confident, of course, we will be paying the necessary amount to retain them. This is not a consolidated business, so it will be below our profit line. Please refer to our earnings release and the materials on our website as appropriate, which include the content of today's presentation. Please refer to the detailed charts in questions 1, 2 and 4 in the FAQs on the IR website while listening to my presentation. For the second half, revenue for Overseas operations is expected to decrease approximately 1.5%. Or compared to the second quarter, have you done a stronger seasonal adjustment in the third quarter? The presentation and comments made by officers or employees of Recruit Holdings Co.,Ltd. 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. So under this kind of circumstances, the U.S. business demand, especially the demand for our services, was reflected in our third quarter results. Yes, overseas by region, on the annual basis -- we present numbers on annual basis. The Recruit Group is under no obligation to update, revise or affirm the information contained in the presentation or comments made in connection with these webcasts based on subsequent events or otherwise. | September 7, 2022 Presenter SpeechMizuho Shen Welcome to the Recruit Holdings First Quarter FY 2022 Earnings Conference Call. 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. Now we would like to proceed to the Q&A session. In the second half guidance, looking at this, you said in the high teens, that is your guidance. We are grateful for the understanding and support of our shareholders, other capital market participants and all of our stakeholders. RCRUY (Recruit Holdings Co) WACC % as of today (October 31, 2022) is 8.9%. For example, hospital related and people working in the backyard. However, the outbreak of COVID-19 has disrupted the Company's ordinary operations to finalize its financial consolidation process. Next, I will talk about the results of operations and financial guidance by segment. Therefore, at this time, revenue is expected to decrease approximately 28% year-on-year for HR Solutions. Nomura Securities, Mr. Nagao, please. Earnings for Recruit are expected to grow by 8.97% in the coming year, from $1.56 to $1.70 per share. On November 16, we announced our guidance, and the assumptions for that were that the situation, the conditions from the second quarter remain unchanged. Shares of Recruit Holdings Co. fell as much as 13% Tuesday morning after the owner of Indeed job search engine and Glassdoor employer review site posted slower earnings growth for the quarter . 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. We will continue steadily implement our most important business strategy, simplify hiring, with the long term perspective without being constrained by short term changes in the business environment or business results. The hiring exceeded supply and this has been continuing for extended period of time. 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. Whether it will fully come back 100%? As the business model, they use our service and acquire customers. That's the same for job seekers as well. As you can see, people working on customer sites, the temp staff, the number of such workers obviously affects our revenue numbers. 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. Next, I will talk about the results of Media & Solutions. I am Junichi Arai, Executive Officer of the Corporate Planning Division of Recruit Holdings. 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. Compared to Q2, revenue in Q3 increased by 12.6% on a U.S. dollar basis. We are grateful for the understanding and support of our shareholders, other capital market participants and all of our stakeholders. So, that is the growth you're seeing. Compared to Q2, consolidated revenue in Q3 increased by 7.5% and 7.7%, excluding revenue from Rent Assistance Program. So the outlook for Q4 is uncertain. On the marketing side and development side, we have to hire talent. Seeking Alpha's transcripts team is responsible for the development of all of our transcript-related projects. So new demands and new product development will be pursued going forward. Since there are no other questions, I will go. [Operator Instructions]. But large companies demand, like I said earlier, we are meeting the demand from the large companies. Yes, there are 2 points. 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. That is true. The margin increase is not just because of the unit price. And if cost per hiring is too high, will you choose to hire at a slower pace? Forward-looking statements are subject to various risks and uncertainties, including, without limitation, changes in general economic conditions, general market conditions or customer demand for products and services, increased competition, inherent risks in international operations and other important factors, which may cause actual results to differ materially from those expressed or implied in any such forward-looking statements. But this third quarter was more flat. Can I assume that there is a large proportion of one-time cost of stock-based compensation? Margin Decliners . Play Earnings Call Recruit Holdings Co., Ltd. ( OTCPK:RCRRF) Q2 2022 Earnings Conference Call August 12, 2022 4:00 AM ET Company Participants Mizuho Shen - Group Manager, Investor. Please. 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. Oct. 26, 2022 1:57 PM ET IQVIA Holdings Inc. (IQV) SA Transcripts. The stock-based compensation expense was 19.3 billion during the nine-month period, as you can see in the cash flow statement. In marketing solution, housing and real estate and beauty continued to be the primary drivers of revenue growth, while revenue in bridal also increased. However, we expect our full-year consolidated financial results will be near the upper end of the guidance range. In Air business tools, the number of AirPAY accounts increased by 39.1% year-over-year as of December 31, 2021. Okay. That is why you're looking at the numbers in a cautious manner. And so, we will watch the changes closely. And at the same time, as I said earlier, the U.S. HR market is very mobile. 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. However, since Hot Pepper Gourmet mainly charges for advertising, the impact of the rapid increase in the number of reservations on revenue in Dining was limited. Adjusted EBITDA for the nine month period ended December 31, 2021 was 401.1 billion. On that basis, throughout the second half, we will try to keep the margin at the higher half of the 20% range. Revenue in Europe, US and Australia increased by 16.2% or 9.1% excluding the positive impact of foreign exchange rate movements, mainly due to increased demand for temporary staff, as businesses continued to seek flexible labor to reopen and expand in an uncertain environment. If you have questions, please. But my rough image is the return to us, the revenue recovery, we think, is quicker than others. And we disclosed the cost structure only on a consolidated basis, not for each segment. So these are some factors. It is not just about spending money, but we want our recruiting activities to be sustainable. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. Any changes there? Are there any changes that you are observing? Original call is in Japanese and simultaneous interpretation to English is provided. We seek to provide Opportunities for Life much faster, surprisingly simpler and closer than ever before. We still like the business -- new volatility products are going to be wildly popular if prior indications matter. The following slide deck was published by Recruit Holdings Co., Ltd. in conjunction with their 2023 Q1 earnings call. The first question is the situation in the US may be under some seasonality according to your explanation. My Research and Language Selection Sign into My Research Create My Research Account English; Help and support. There were no major changes in the business environment of the HR matching markets from the second quarter, which continued to benefit from a tight labor market due to the relatively limited supply of job seekers looking for work, combined with significant hiring demand, resulting in increased revenue and adjusted EBITDA for HR Technology and staffing. Can you hear me? If you have an ad-blocker enabled you may be blocked from proceeding. Webcast of the Q4 & Fiscal Year FY2021 Earnings Call on May 16, 2022, Recruit Holdings Co.,Ltd. RCRRF is currently trading in the 50-60% percentile range relative to its historical Stock Score levels. Well, the environment is changing. ; Investor ConnectComing Soon! I will begin with the recent developments that we implemented and announced after the Q2 results announcement. 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. 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 two questions. In HR Technology, we continue to significantly increase our investments to grow headcount and plan to continue such initiatives in Q4 in order to support future revenue growth through product and technology innovation. Recruit Holdings's stock symbol is 6098 What is Recruit Holdings's official website? But the private round, some companies are regarded very highly. 6098 Recruit Holdings Co Ltd Q1 2023 Earnings Call. 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. The revenue growth, I also referred to the revenue growth three months ago. Till -- before COVID, maybe people drink until 12:00 or 1:00 a.m. You explained Europe, but if you could elaborate on this, I'd appreciate it. But compared to our announcements before, the revenue decrease in Overseas operations has been smaller. And joining me today are Junichi Arai, Executive. 08/12/22-9:10AM EST Seeking. The second question is related to HR Technology? Oh, what are you saying? Compared to July through September, I see flat performance in the US and other regions are following the previous quarter. So at what pace this recovery will take place? If it's in fiscal year 2019, the revenue in the third quarter was flat quarter-over-quarter. Abist Co. Tokyo Stock Exchange. So regarding the results, I would like to ask something. The challenging business environment is expected to continue for both Bridal and Dining. We intend to purchase the remaining amount of approximately 23 billion yen by February 26. Last, but not least, I will talk about the results of Staffing. Advertising expenses decreased year-on-year in Q3. 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. 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. And if not, will you delay your hiring to the next year? So, in general, the market activities have slowed down. 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. So that's why you're taking a cautious approach to guiding for the fourth quarter. We think they will come back. Revenue outside of the US increased by 88.3%, primarily led by Europe and Canada. And therefore, adjusted EBITDA margin for the second half for Media & Solutions is expected to be around 12%. Seeking Alpha's transcripts team is responsible for the development of all of our transcript-related projects. Revenue in HR solutions for the second half of FY 2021 is expected to increase in the range of approximately 17% to 22% year-over-year. And we expect demand for temporary staff to continue due to the resumption of economic activities in Q4 FY 2021, especially in Europe. Of course, unit price is one factor, but volume is another. Okay. Or would you say Dining is going to be worse than your expectation? Masumi Minegishi, currently President and CEO and Representative Director of the Board, will become Chairperson and Representative Director of the Board effective April 1. So second quarter -- from third to fourth quarter, especially fourth quarter, these SMEs and large companies and by industry, what is the trend, the changes in the trend? Play video Q4 FY2021 Earnings Call Recruit Holdings. No, we are not seeing such a big change or trend that warrants us to be more cautious in the fourth quarter. So the clients we watch hire newly or close the business and then start a completely new business in a different industry. In the fourth quarter, you expect the increase in expenses. In addition, due to the daily changes in the business environment as regulations are relaxed and reintroduced, the outlook remains uncertain. I think that is the big key factor. Tsuruo from Citigroup Securities. And then as they come back, especially the SMEs are like that, and so the clients who left us temporarily are coming back. The Score for RCRRF is 57, which is 14% above its historic median score of 50, and infers lower risk than normal. So, we will continue our collaborative relationship. Otherwise, we will not see this level of revenue if it's just one-off demand. As a result, the revenue growth led to the profit increase and the margin increase. Considering the results in Q3 and progress of Q4, we currently expect that revenue and marketing solutions for the second half of this year will be similar to revenue excluding the Rent Assistance Program last year. The company has 1.63 B outstanding shares. As a result, consolidated revenue was 746 billion, an increase of 22%. 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. During the Go To Eat campaign, which was launched in October 1, 2020, and which has broadly suspended issuing new vouchers since December, the number of people making online reservations on Hot Pepper Gourmet increased rapidly. Support Center Find answers to questions about products, access, use, setup, and administration. The fourth quarter results would impact negatively. As I touched on earlier, this platform, this business, the strength of this platform is that the entry barrier is low for the SMEs. Opportunities for Life. I am just one soldier, I cannot answer that kind of a big question. In Q3, after the COVID-19 related preventive measures in Japan were lifted at the end of September 2021, the overall Japanese economy and activities of individuals and business clients improved. Revenue in HR Technology in Q3 continued to recover ahead of our expectations, increasing 8.8% year-on-year on a U.S. dollar basis to $1.095 billion, which was a record quarter for the SBU. Recruit Holdings Co., Ltd. (OTCPK:RCRRF) Q1 2020 Earnings Conference Call August 26, 2020 4:00 AM ET Company Representatives Junichi Arai - Executive Officer of Capital Market Strategies 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. First, regarding revenue. Compared to Q2, revenue in Q3 increased by 8.9%. 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? Mega Caps. ; Contact Us Have a question, idea, or some feedback? Support Center Find answers to questions about products, access, use, setup, and administration. AirPAY offers one of the lowest levels of transaction fees in the industry and currently supports 35 types of payment methods. Thank you. In addition, compared to other players, because it's unclear to what extent the market has expanded or the market has recovered, there are no statistics available. But from the second to third quarter, development in the US, is it in line with your past regular seasonalities? The relatively limited supply of jobseekers looking for work, combined with significant hiring demand, continued to create competition for talent on Indeed and Glassdoor. Sep 22, 2022 | Recruit Holdings Co., Ltd. So do you think you need to make some transformation? I see that the third quarter has made a great recovery, and you mentioned the logistics demand was quite large. Right. will announce its Financial Results for Q1 FY2022 on Aug. 12, 2022 3:00 P.M. JST and the Webcast of the Earnings Call on Aug. 12, 2022 at 5:00 P.M. JST can be accessed here. Consolidated adjusted EBITDA increased by 54.1% and adjusted EPS increased by 62.8%. We look at our business, our HR matching business, so there are cases that can contribute much promising companies, we will look for such assets at the appropriate price. Revenue in Marketing Solutions in Q3 increased by 22.8% year-on-year. 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. If you have any questions, please do not hesitate. ; Contact Us Have a question, idea, or some feedback? Thanks, SA Transcripts Team. So we can expect them to stay with you in the next term, next year? And some say vice versa. Support Center Find answers to questions about products, access, use, setup, and administration. Welcome to the Recruit Holdings Q3 FY 2021 Earnings Conference Call. Consolidated adjusted EBITDA decreased by 5.0% in Q3 year-on-year and adjusted EPS decreased by 4.9%. This expense is from the stock-based compensation plan for employees of HR Technology, which was implemented in Q4 FY 2020, as well as the existing Recruit group directors plans. Q2 2023 Recruit Holdings Co Ltd Earnings Call. 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. As a result, Q3 fiscal year 2020 adjusted EBITDA margin was higher year-on-year and quarter-on-quarter. This firm, which is in the Business - Information Services industry, saw EPS growth . Therefore, in the third quarter, we saw more recovery compared to usual times. I'm [ Masa Ito ] from Investor Relations. Including Idekoba-san, we hope we could share with you our view, but we are now looking up to the end of fourth quarter right now. Video and audio difficulties may result depending on the communication and network environment. 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. They may come to us first temporarily. 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. Next is Overseas operations. Have you seen any changes or any indications that you could share with me? However, we believe that the negative impact on these businesses will be limited compared to the fourth quarter in FY 2020. SME clients are facing an increasing amount of HR-related work due to COVID-19 and the demand for solutions to support them in a simple and easy way has grown rapidly. So, for you, the hiring of talent is a high hurdle for you too. And you are saying we are not sure whether this trend will continue throughout the fourth quarter. 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. So, no change. So, that was the response to your second question. For the second half, revenue in both Japan operations and Overseas operations are expected to decline year-on-year. In Q4, although many markets and industries continue to be impacted, we are accelerating investments to drive growth in order to best position ourselves for post-COVID environment. One such company that might be well-positioned for future earnings growth is Recruit Holdings Co., Ltd. RCRRF. However, compared to Q2, we continued to ramp up advertising across all our businesses to drive future growth. The placement business operates on a pay-per-hire model in which revenue is recognized when a candidate is hired by our business clients. In Q4, Media & Solutions continues to actively invest with the aim of increasing the number of accounts in the next fiscal year and beyond. Revenue in Media & Solutions decreased by 9.8%. What will be the factors to affect, which point in the range you will finish? 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. Two, in the third quarter, consolidated revenue increased by 22%. Fortunately, in the fourth quarter and the previous quarter, HR Technology is enjoying a net increase in headcount, so we hope to continue this trend and think of the ideal form of our organization in the future. I'm Shen from IR department and will serve as the moderator. Although billing prices increased following the implementation of the equal pay for equal work regulations beginning April 1, 2020, the number of temporary staff in Q3 decreased year-on-year due to persistently lower demand for new orders amid the economic uncertainty caused by the spread of COVID-19. Recruit Holdings Co.,Ltd. Due to Covid-19, a decrease in recruitment demand occurred. In anticipation of a revenue recovery in the next fiscal year, Media & Solutions will continue to actively invest in Q4, paying close attention to the situation, while continuing to reduce costs such as overall advertising expenses. 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. Under our guidance announced in November 2021, revenue in marketing solutions for the second half of FY 2021 was expected to be in the range of approximately a decrease of 8% to an increase of 3% year-over-year, excluding the impact of the Rent Assistance Program in FY 2020 as revenue in Q3 FY 2020 had been positively impacted by the temporary government travel and dining programs. GET STARTED. For the second half, revenue for Marketing Solutions, excluding the Rent Assistance Program, is expected to decrease approximately 11% year-on-year. 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 number of accounts for AirSHIFT, a worker shift management service and AirWORK ATS, a centralized application management service, are growing significantly. Peter Lynch & Warren Buffett . Today, I would like to explain the following four points. 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. Thank you. This call is a simultaneous translation of the original call in Japanese and translation is. Well, I do not get the impression that it has weakened, but is it a regular seasonal adjustment? The second half revenue guidance compared to your previous expectation, I think you have more cautious outlook. And my second question is, in the fourth quarter, you were explaining that you will be spending costs actively to hire people. 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. Recruit Holdings is traded on OTC Exchange in the United States. We want people to be engaged in our company. PayPal Holdings (PYPL) Q3 2022 . Understood. Inside Out is where we tell our stories that cannot be conveyed through numbers alone. So this is where we are. We cannot say that. We want to hear from you. Recruit Holdings Co., Ltd. (OTCPK:RCRRF) Q3 2021 Results Earnings Conference Call February 14, 2022 3:00 AM ET. And on a regional basis, I think it's mainly North America. 60% to 70% growth is expected on a global level for the second half. First of all, I will talk about HR Technology. Perhaps we will not see the level of recovery that we want within the fourth quarter. 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? Compared to 127.3 billion in July to September period, I see there is an increase of 143 billion. Use of or reliance on the information in the webcasts is at your own risk. Communication charges at the viewer's expense may be required to view Recruit Holdings webcast, live streaming or video on demand. 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