Japanese staffing giant Recruit Holdings Co. Ltd., one of the world’s largest staffing firms, revised its consolidated financial forecasts for fiscal year ending March 31, 2017, from the forecasts announced in March. The revisions are the result of the company’s acquisition of European staffing company USG People B.V.

Recruit increased its forecast for net sales by 8.3%, to ¥1.83 trillion from ¥1.69 trillion.

Operating income and ordinary income are anticipated to fall below the previous forecasts due to additional amortization of goodwill and intangible assets arising from the consolidation of USG.