6098
Recruit Holdings Co., Ltd.
株式会社リクルートホールディングス
Services
Recruit Holdings Co., Ltd. provides HR technology and business solutions that transforms the world of work. It operates through three segments: HR Technology, Matching & Solutions, and Staffing. The HR Technology segment provides online matching and hiring platforms where people can find jobs and learn about companies. The Matching & Solutions segment offers HR solutions that support business clients' recruiting and hiring activities and individual users' job search activities through its job advertising services and placement services. This segment also provides marketing solutions that provide matching platforms for businesses in various industries, including beauty, travel, dining, and SaaS solutions as lifestyle; housing and real estate; and other services in marketing solutions. The Staffing segment provides temporary staffing services in Japan, Europe, the United States, and Australia. Recruit Holdings Co., Ltd. operates in more than 60 countries. The company was formerly known as Recruit Co., Ltd. and changed its name to Recruit Holdings Co., Ltd. in October 2012. Recruit Holdings Co., Ltd. was founded in 1960 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥3,557.5B
¥3,416.5B
¥3,429.5B
¥2,871.7B
Cost of Sales
¥1,471.8B
¥1,452.0B
¥1,432.6B
¥1,221.7B
Gross Profit
¥2,085.6B
¥1,964.5B
¥1,996.9B
¥1,650.0B
SG&A
¥1,558.7B
¥1,521.4B
¥1,603.2B
¥1,250.3B
Operating Income
¥490.5B
¥402.5B
¥344.3B
¥378.9B
Non-Operating Income
¥56.0B
¥55.9B
¥25.4B
¥2.8B
Interest Income
¥31.3B
¥40.0B
—
—
Non-Operating Expenses
¥10.6B
¥30.9B
¥4.9B
¥4.3B
Pre-tax Income
¥527.1B
¥426.2B
¥367.8B
¥382.7B
Net Income (owners)
¥408.5B
¥353.7B
¥269.8B
¥296.8B
Minority Interest
¥-344M
¥942M
¥1.9B
¥889M
Comprehensive Income
¥383.1B
¥555.4B
¥380.6B
¥397.2B
EBITDA
¥599.8B
¥520.0B
¥466.3B
¥502.1B
EPS
¥271.44
¥225.99
¥168.59
¥181.68
Shares Outstanding
1.53B
1.60B
1.65B
1.62B
Shares Issued (total)
1.56B
1.65B
1.70B
1.70B
Treasury Shares
36.4M
50.4M
49.0M
73.9M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥2,772.3B
¥3,144.6B
¥2,793.3B
¥2,423.5B
Current Assets
¥1,470.4B
¥1,762.7B
¥1,465.3B
¥1,182.0B
Cash & Deposits
¥808.6B
¥1,136.9B
¥877.4B
¥669.6B
Non-Current Assets
¥1,301.9B
¥1,381.9B
¥1,327.9B
¥1,241.5B
PP&E
¥54.9B
¥66.5B
¥71.0B
¥73.6B
Goodwill
¥508.1B
¥510.6B
¥463.0B
¥436.0B
Intangible Assets
¥175.0B
¥185.2B
¥187.6B
¥194.1B
Deferred Tax Assets
¥217.0B
¥203.5B
¥161.3B
¥76.7B
Total Liabilities
¥1,144.9B
¥1,135.7B
¥1,152.3B
¥1,047.2B
Current Liabilities
¥802.2B
¥758.9B
¥782.8B
¥695.6B
ST Debt
—
¥374M
¥33.8B
¥26.2B
Non-Current Liabilities
¥342.7B
¥376.9B
¥369.6B
¥351.7B
Total LT Borrowings
¥1.0B
¥1.0B
¥1.4B
¥34.4B
Deferred Tax Liab.
¥90.5B
¥111.6B
¥107.6B
¥62.6B
Total Equity
¥1,627.4B
¥2,008.9B
¥1,640.9B
¥1,376.3B
Capital Surplus
—
—
¥33.8B
¥20.6B
Retained Earnings
¥1,606.3B
¥1,884.3B
¥1,711.3B
¥1,464.9B
Treasury Stock
¥-515.4B
¥-407.0B
¥-432.6B
¥-298.5B
AOCI
¥486.6B
¥483.7B
¥274.5B
¥136.6B
Equity (owners)
¥1,617.6B
¥2,000.9B
¥1,627.0B
¥1,363.8B
Minority Interests
¥9.8B
¥8.0B
¥13.9B
¥12.5B
Total Interest-Bearing Debt ⓘ
¥1.0B
¥1.4B
¥35.3B
¥60.6B
Net Cash ⓘ
¥807.6B
¥1,135.5B
¥842.1B
¥608.9B
NCAV ⓘ
¥325.5B
¥627.0B
¥313.0B
¥134.8B
NCAV/Share
¥213
¥392
¥190
¥83
BV/Share
¥1,059
¥1,251
¥988
¥841
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥610.4B
¥535.4B
¥438.2B
¥439.6B
D&A
¥109.2B
¥117.5B
¥122.0B
¥123.2B
Investing CF
¥-61.1B
¥-68.8B
¥-32.7B
¥-70.7B
CapEx
¥8.0B
¥11.1B
¥22.0B
¥13.1B
Financing CF
¥-880.5B
¥-334.6B
¥-252.1B
¥-254.4B
Free Cash Flow
¥602.4B
¥524.2B
¥416.2B
¥426.5B
Net Change in Cash
¥-328.2B
¥259.5B
¥207.8B
¥168.5B
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
22.5%
19.4%
17.9%
21.6%
ROA
13.8%
11.9%
10.3%
12.2%
EPS
¥271.44
¥225.99
¥168.59
¥181.68
DPS
¥24.00
¥23.00
¥22.00
¥21.00
FCF/Share
¥394
¥328
¥253
¥263
NCAV/Share
¥213
¥392
¥190
¥83
Payout Ratio
8.8%
10.2%
13.0%
11.6%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 8
Date Activist Stake Event Flag Demands Source
2026-04-06
Nomura Asset Management Co., Ltd.
6.13%
change
Passive
—
2025-09-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
5.66%
change
Passive
—
2025-04-03
BlackRock Japan Co., Ltd.
7.18%
change
Passive
—
2025-03-31
Capital Research and Management Company
5.21%
correction
Passive
—
2025-03-31
Capital Research and Management Company
4.14%
-1.07%
correction
Passive
—
2025-03-24
Capital Research and Management Company
4.14%
-1.07%
change
Passive
—
2024-08-22
Capital Research and Management Company
5.21%
+0.82%
initial_5pct
Passive
—
2023-10-20
Capital Research and Management Company
4.39%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 7
#
Shareholder
Shares (thou.)
% of Total
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行㈱(信託口)
294,439
19.27%
2
Japan Custody Bank
㈱日本カストディ銀行(信託口)
111,218
7.28%
3
State Street Bank and Trust Company
STATE STREET BANK AND TRUSTCOMPANY 505001(常任代理人 ㈱みずほ銀行決済営業部)
63,336
4.14%
4
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385632(常任代理人 ㈱みずほ銀行決済営業部)
46,246
3.02%
5
STATE STREE TBANK WEST CLIENT - TREATY 505234(常任代理人 ㈱みずほ銀行決済営業部)
29,454
1.92%
6
GIC PRIVATE LIMITED - C(常任代理人 ㈱三菱UFJ銀行)
28,874
1.89%
7
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行㈱(株式付与ESOP信託口・76826口)
28,852
1.88%
8
日本テレビ放送網㈱
25,500
1.66%
9
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行㈱(株式付与ESOP信託口・76576口)
23,745
1.55%
10
GOVERNMENT OF NORWAY
GOVERNMENT OF NORWAY(常任代理人 シティバンク、エヌ・エイ東京支店)
22,678
1.48%
Domestic Nominees
30.0%
+3.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
7.2%
-2.2% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
7.0%
+2.5% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
日本マスタートラスト信託銀行
21.31%
19.51%
22.70%
+3.19%
Japan Custody Bank
日本カストディ銀行
6.87%
6.95%
7.28%
+0.33%
State Street
3.99%
4.14%
4.14%
JP Morgan
4.29%
5.19%
3.02%
-2.17%
STATE STREE TBANK WEST CLIENT - TREATY
NEW ENTRY
—
—
—
1.92%
NEW
GIC PRIVATE LIMITED - C
NEW ENTRY
—
—
—
1.89%
NEW
日本テレビ放送網
1.72%
1.62%
1.66%
+0.04%
GOVERNMENT OF NORWAY
—
1.37%
1.48%
+0.11%
㈱TBSテレビ
last seen 2024
Exited Top 10
—
1.46%
—
凸版印刷
last seen 2023
Exited Top 10
1.52%
—
—
大日本印刷
last seen 2023
Exited Top 10
2.22%
—
—
Concentration (HHI)
ⓘ
546
480
607
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥48,657M
-26% since 2023
Holdings
7
+1 new
6 exited
Trend
3 unwinding
vs 2023
Held Company
FY2025
¥48,657M total
FY2023
¥65,784M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Nippon Television Holdings, Inc.
日本テレビホールディングス㈱
19,712
6,454,600
7,364
6,454,600
TBS Holdings Co., Ltd.
㈱TBSホールディングス
11,371
2,666,900
5,080
2,666,900
DENTSU GROUP INC.
㈱電通グループ
8,109
-50.0%
↓
2,465,000
22,924
4,929,900
M
Yeahka Limited
4,614
-23.0%
↓
30,051,196
15,510
39,051,196
TOPPAN Holdings Inc.
TOPPANホールディングス㈱
3,146
NEW
New
776,200
—
M
FUJI MEDIA HOLDINGS, INC.
㈱フジ・メディア・ホールディングス
1,379
-50.0%
↓
540,500
1,291
1,081,000
M
All About,Inc.
㈱オールアバウト
326
984,900
530
984,900
Dai Nippon Printing Co.,Ltd.
大日本印刷㈱
—
−100%
Exit
—
4,566
1,232,500
M
Monex Group, Inc.
マネックスグループ㈱
—
−100%
Exit
—
2,728
5,720,000
TV Asahi Holdings Corporation
㈱テレビ朝日ホールディングス
—
−100%
Exit
—
1,582
1,050,000
M
Oji Holdings Corporation
王子ホールディングス㈱
—
−100%
Exit
—
43
83,000
Kyodo Printing Co., Ltd.
共同印刷㈱
—
−100%
Exit
—
30
11,000
M
凸版印刷㈱
—
−100%
Exit
—
4,136
1,552,300
M
Portfolio total
48,657
65,784
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding