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. Am I correct? Adjusted EBITDA of Media & Solutions decreased due to strategic marketing activities aligned with its business strategy. So that's my first point. Adjusted EBITDA in Marketing Solutions decreased 1.1% year-on-year and adjusted EBITDA margin was 26.6%. 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. But you don't expect the business to be completely stable. Recruit Holdings Co., Ltd. ( OTCPK:RCRRF) Q3 2021 Results Earnings Conference Call February 14, 2022 3:00 AM ET Company Participants Masa Ito - Investor Relations Junichi Arai - Executive. 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. Even in an uncertain global economic environment, Overseas operations maintained a positive adjusted EBITDA margin by taking prompt and appropriate actions in response to labor market trends and government programs in each overseas market and through ongoing cost control initiatives. 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. However, a hammer chart pattern was. Tsuruo from Citigroup Securities. And I understand your question is what will determine our margin to be in the 17% to 19% range? As previously announced, we were expecting minus 5% to minus 9%, and we've revised to 11%. And as that expense is expected to continue to increase, so it is not something that will be one-off, but we are expecting to hire capable talents and generate performance and be in a positive cycle. And some say, yes, it will continue, right? So the clients that you acquired this quarter, we can expect they will continue using it? Recruit Holdings Learn more Opportunities for Life. Next, I will talk about the results of operations and financial guidance by segment. ; Contact Us Have a question, idea, or some feedback? 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. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. Compared to Q2, revenue in Q3 increased 7.3%. Play Earnings Call Recruit Holdings Co, Ltd. ( OTCPK:RCRRF) Q3 2021 Earnings Conference Call February 15, 2021 3:00 AM ET Company Participants Junichi Arai - Executive Officer-Capital. Now we would like to proceed to the Q&A session. So do you think you need to make some transformation? Recruit Holdings Co., Ltd. (RCRRF) Management on Q3 2021 Results 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. And we disclosed the cost structure only on a consolidated basis, not for each segment. The second half revenue guidance compared to your previous expectation, I think you have more cautious outlook. Regardless of the normal seasonality, I believe we performed better than usual. And we are assuming that the performance will continue to improve with increasing headcount. Recruit Holdings Co., Ltd. - Q2 FY2022 Earnings Call From Nomura Securities, Mr. Nagao, please. 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. Rather, we are hiring talent for the future. I'm Shen from IR department and will serve as the moderator. If you have any questions, please do not hesitate. The first question is the situation in the US may be under some seasonality according to your explanation. Or is it settling? Recruit Holdings Co., Ltd. (RCRRF) Management on Q3 2021 Results So, the profit in the fourth quarter will be considered on that basis. 1:03:28. The challenging business environment is expected to continue for both Bridal and Dining. [Stock-Analysis] Recruit Holdings: Is the Owner of Indeed - Substack Consolidated adjusted EBITDA was 134.8 billion, an increase of 54.1%, and adjusted EPS was 55.26, an increase of 62.8%. 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. 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. Yoshiyuki Kinoshita - BofA Securities Japan Co., Ltd. Tetsuya Harada - Marusan Securities Co Ltd. Why Recruit Holdings (RCRRF) Could Be an Impressive Growth Stock - Yahoo! What will be the factors to affect, which point in the range you will finish? The revenue growth, I also referred to the revenue growth three months ago. So they think of using this service that is easiest to use first. 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. Recruit Holdings Co., Ltd. Expected to Post FY2023 Earnings of $1.56 I'm Shen from IR department and I will serve as a moderator. 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. In the remainder of Q4, we anticipate that the limited supply of job seekers looking for work, combined with significant hiring demand, will continue to create competition for talent on Indeed and Glassdoor. After the distribution of the prospectus, marketing and pricing, the transaction was completed on December 25. Adjusted EBITDA increased by 40.0% year-on-year due to the increase in revenue, and adjusted EBITDA margin was 23.4%. For third quarter, the region-by-region and by large company and SMEs, you gave us the split. This page provides Financial and other documents of Recruit Holdings. Recruit Holdings company information, funding & investors 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. We are grateful for the understanding and support of our shareholders, other capital market participants and all of our stakeholders. solo dnd tools; windshield wiper rubber replacement; Newsletters; audible compensation; california abortion laws how many weeks 2022; black vertical line on dell monitor Additionally, in Q3, job seeker activity was dampened by the ongoing COVID-19 pandemic in addition to regular seasonal declines at the end of the calendar year. Play video 20223 . Seeking Alpha - SA Transcripts 3h. Is Recruit OTC Stock a good investment? RCRRF - 28.83 -1.0 (-3. Cboe will report its quarterly earnings on Nov. 4. In Air business tools, the number of AirPAY accounts increased by 39.1% year-over-year as of December 31, 2021. Compared to Q2, revenue in Q3 increased 6.1%. Tweet this video; Share on LinkedIn The current Recruit Holdings [ RCRRF] share price is $30.63. Earnings Call (Webcast) - Recruit Holdings To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. First question is about the staffing, overseas staffing. Current Stock Price for Recruit Holdings Co (RCRUY)? But afterwards, in the third quarter, particularly for the Travel domain, which was performing well, but later, the situation changed. But we can say that, overall, it is increasing. Is this continuing into the third quarter? Currently, we assume that second half results will exceed our previous guidance as we anticipate that the trend of the actual results on the third quarter will continue in the fourth quarter. So, first question, I said this from the beginning of the fiscal year. First, the consumers trend and whether our service can match them. Steve Louden will leave in 2023 after helping us recruit and transition his role to a successor. Revenue in Media & Solutions decreased by 9.8%. And therefore, adjusted EBITDA margin for the second half fiscal 2020 is expected to be in the high teens. Monday, Nov 14th, 2022. And we do see a recovery in some of the markets as well, although at different times. Thank you for the question. If we have promising companies that we want to work with, we will look for them. As the business model, they use our service and acquire customers. Excluding certain industries, most industries are in the holiday season and they may pause their hiring activities. The consensus estimate for Recruit's current full-year earnings is $1.33 per share. 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. In Europe, US and Australia, the spread of COVID-19 appears to have peaked, with cases currently in the declining trend. Okay. Consolidated adjusted EBITDA decreased by 5.0% in Q3 year-on-year and adjusted EPS decreased by 4.9%. And are they changing in a sustainable fashion? So the clients we watch hire newly or close the business and then start a completely new business in a different industry. Can I assume that there is a large proportion of one-time cost of stock-based compensation? I think that is the big key factor. Compared to July through September, I see flat performance in the US and other regions are following the previous quarter. IQVIA Holdings (IQV) Q3 2022 Earnings Call Transcript Recruit Holdings - Overview, News & Competitors | ZoomInfo.com Adjusted EBITDA increased 3.0% year-on-year and adjusted EBITDA margin was 7.8%. Adjusted EPS for fiscal year 2020 is expected to be 77.08 yen, a decrease of 36.3% year-on-year. But this is primarily due to the strong revenue in Travel in Q3 as a result of both the number of hotel guests booked and the price per night increasingly -- increasing year-on-year, which was positively affected by the Go To Travel campaign. Statements made in the webcasts that are not historical facts including, without limitation, our plans, forecasts and strategies are forward-looking statements. . Revenue for Q3 increased by 1.1%. I will begin with our recently launched self-tender offer before discussing the Q3 results. The relatively limited supply of jobseekers looking for work, combined with significant hiring demand, continued to create competition for talent on Indeed and Glassdoor. As I mentioned earlier, in terms of correlation with the revenue, we have been sharing a similar story from before COVID, but the revenue and labor cost in a given period do not always match with each other. So, that was the response to your second question. Recruit Holdings Co Share Price - TYO:6098 Stock Research - Stockopedia Consolidated adjusted EBITDA increased by 54.1% and adjusted EPS increased by 62.8%. What is your current stance and your update and the profit contribution? 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. In Q4, we do not believe the current restrictions will have the same level impact on daily life in Japan as earlier in the pandemic, as daily life has adapted to COVID-19 and extraordinary suspension and slowdown of economic activities that was seen two years ago is no longer happening. So these are some factors. I understand. Next, I will talk about the results of Media & Solutions. Adjusted EBITDA for Q3 was 71.9 billion, an increase of 168.8%. Of course, unit price is one factor, but volume is another. Adjusted EBITDA increased by 5.1%. And so, we hope this will be resolved as soon as possible and will be completed. From the regional perspective, are you specifically talking about Europe? But as I mentioned earlier, the hiring and HR mobility is by far the largest in the U.S. If the candidate is confident, of course, we will be paying the necessary amount to retain them. 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. Investor Relations | Recruit Holdings Investor Relations Financial Results for Q2 FY2022 will be announced on November 14, 2022 15:00 JST and the Webcast of the Q2 FY2022 Earnings Call will be held on November 14, 2022 at 17:00 JST. And we do not think about large or small size, and so no change in our M&A strategy. Now let me address your second question first. 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. So the Media & Solutions, especially Marketing Solutions, how are you understanding the situation? The policy on the disposal of treasury stock acquired through this transaction has not yet been determined at this moment. It will hit our bottom line, but in other areas, this is the passive minority investment, no change there. 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. Please refer to our earnings release and the materials on our website as appropriate, which include the content of today's presentation. The company has 1.63 B outstanding shares. First, regarding the Marketing Solutions. Seeking Alpha's transcripts team is responsible for the development of all of our transcript-related projects. Read more Quarterly Results Other Documents Investor Relations Events Nov 14, 2022 Q2 FY2022 Financial Results Abist Co. Tokyo Stock Exchange. Second question, HR Technology. You're talking about the margin, correct? Revenue in travel and dining decreased year-over-year as revenue in Q3 FY 2020 had been positively impacted by the temporary go-to campaign initiated by the Japanese government. So, how we can effectively hire is our challenge. This Score is currently showing a higher than normal reading . Yes, I understand. And so how we can be cross-functional and make quick decisions and execute them will be the key. 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. We want people to be engaged in our company. Recruit Holdings Co.,Ltd. And so, we will watch the changes closely. Adjusted EBITDA in HR Solutions decreased 57.7% year-on-year due to decreased revenue, and adjusted EBITDA margin was 16.0%. Compared to Q2, adjusted EBITDA in Q3 increased by 25% and adjusted EPS increased by 39.4%. Maybe people will change their lifestyle and move to a local region. 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. That's all for today. Recruit Holdings's headquarters are in 1-9-2 Marunouchi, Chiyoda-ku, Tokyo, 100-6640, Japan What is Recruit Holdings's phone number? Adjusted EBITDA for the nine month period ended December 31, 2021 was 401.1 billion. Air Reserve is a cloud-based system that allows centralized management of all reservations, including those made by phone, online or in person at the business location. At the same time, as we have been saying since 2 years ago before the emergence of COVID-19 situation, we had seen operations in overseas, particularly in Europe. Is it different from other regions? Consolidated revenue for the second half of fiscal year 2020 is expected to be 1.18 trillion yen, a decrease of 1.5% year-on-year and is expected to be 2.22 trillion yen, a decrease of 7.3% year-on-year for fiscal year 2020. GET STARTED. My Research and Language Selection Sign into My Research Create My Research Account English; Help and support. It's following the same trend. As I touched on earlier, this platform, this business, the strength of this platform is that the entry barrier is low for the SMEs. 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. Similar to 6098. | April 6, 2022 It's not that there was a special factor in the third quarter, which required you to be more cautious in the fourth quarter? 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