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View All NewsRecruit Holdings reports net sales up 14% in first nine months
Recruit Holdings Co. Ltd., the world’s fifth-largest staffing provider, reported net sales rose 14.2% in the nine months ended Dec. 31 when compared to the same period last year. The company's fiscal year ends in March.
| (¥billions) | Nine months ended Dec. 31, 2016 | Nine months ended Dec. 31, 2015 | % change | Nine months ended Dec. 31 2016 (US$billions) |
| Net sales | ¥1,300.8 | ¥1,139.4 | 14.2% | $11.1 |
| Gross profit | ¥608.4 | ¥534.6 | 13.8% | $5.2 |
| Gross margin | 46.8% | 46.9% | ||
| Net income | ¥68.2 | ¥48.2 | 41.5% | $0.6 |
Staffing net sales at the Tokyo-based firm rose 16.0% year over year. The company reported staffing net sales in Japan rose 11.8% to ¥340.7 billion (US$2.92 billion) while net sales in its global staffing operations outside of Japan rose 19.7% to ¥412.7 billion (US$3.54 billion). Recruit’s global operations include Chandler Macleod in Australia, Staffmark in the US, Advantage Resourcing (global) and USG People in Europe.
Net sales by segment
| (¥billions) | Nine months ended Dec. 31, 2016 | Nine months ended Dec. 31, 2015 | % change | Nine months ended Dec. 31 2016 (US$billions) |
| Marketing media | ¥272.3 | ¥250.6 | 8.6% | $2.3 |
| HR Media (includes Indeed) | ¥282.4 | ¥246.4 | 14.6% | $2.4 |
| Staffing | ¥753.5 | ¥649.4 | 16.0% | $6.5 |
| Other | ¥4.0 | ¥3.9 | 1.8% | $0.0 |
Recruit also owns job board Indeed. The company reported net sales in its HR media overseas recruiting operations, which include Indeed, rose 46.3% to ¥85.9 billion (US$735.8 million).
In addition to staffing operations and Indeed, Recruit operates publishing businesses in Japan.