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View All NewsRecruit net sales rise 18%, Indeed up 64%
Recruit Holdings Co., one of the world’s largest staffing firms, reported net sales rose 18.4% to ¥407.5 billion (US$3.9 billion) in its fiscal first quarter ended June 30.
| (¥millions) | Q1 2016 | Q1 2015 | % change | Q1 2016 (USD$millions) |
| Net sales | ¥407,540 | ¥344,185 | 18.4% | $3,974 |
| Net income | ¥17,436 | ¥22,399 | -22.2% | $170 |
The Tokyo-based staffing and publishing firm’s staffing brands in the US include Staffmark, Advantage Resourcing and Atterro. The company also owns Indeed.com, and has operations in Europe under the Advantage Resourcing brand and Australian operations with its acquisition in 2015 of the Chandler Macleod Group Ltd. and Peoplebank. The company also struck a $1.55 billion deal late last year to acquire Dutch staffing firm USG People.
Recruit operates four business segments; Staffing, marketing media, HR media, and “other”.
Net sales by segment*
| (¥millions) | Q1 2016 | Q1 2015 | % change | Q1 2016 (USD$millions) |
| Marketing media | ¥90,614 | ¥81,891 | 10.7% | $883 |
| HR Media (includes Indeed) | ¥95,605 | ¥80,302 | 19.1% | $932 |
| Staffing | ¥224,223 | ¥184,275 | 21.7% | $2,186 |
| Other | ¥957 | ¥1,401 | -31.7% | $9 |
| *includes sales to third parties and intersegment sales or transfers | ||||
Recruit reported Indeed.com net sales jumped 63.6% to ¥27.3 billion (US$266.1 million) in the fiscal first quarter.
In its HR media segment, Recruit focused on strengthening the competitiveness of its domestic recruiting operations, where the employment situation is stabilized at a high level. In the overseas recruiting operations, it took initiatives in order to increase the number of users and clients, mainly through efforts to promote brand awareness. Recruit reported it expanded its staffing segment’s area of operations through mergers and acquisitions.
Guidance
Looking forward, the company expects net sales of ¥1.83 trillion (US$17.84 billion) for the next fiscal year, which ends March 31, 2017.