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View All NewsRecruit staffing revenue up outside Japan, sees expansion trend
Recruit Holdings Co., one of the world’s largest staffing firms, reported net sales in its overseas staffing operations rose 26.3% to ¥83.7 billion (US$0.7 billion) in its fiscal first quarter ended June 30, with the staffing market in North America and Europe maintaining a moderate expansion trend. Net sales reflected the impact of yen depreciation and other factors.
| (¥billions) | Q1 2015 | Q1 2014 | % growth | Q1 2015 (USD$billions) |
| Net sales | ¥344.2 | ¥305.8 | 12.5% | $2.8 |
| Net income | ¥22.4 | ¥18.6 | 20.5% | $0.2 |
Net staffing segment sales by geography
| (¥billions) | Q1 2015 | Q1 2014 | % growth | Q1 2015 (USD$billions) |
| Japan | ¥100.5 | ¥95.8 | 4.8% | $0.8 |
| Overseas | ¥83.7 | ¥66.3 | 26.3% | $0.7 |
Net sales by segment
Tokyo-based Recruit also has significant nonstaffing business operations in publishing, and it owns job board Indeed. The company reported total net sales rose 12.5% to ¥344.2 billion (US$2.8 billion) for fiscal first quarter. The company’s stated aim is to become the world’s top provider of HR media operations and staffing operations by 2020.
Recruit operates four business segments; Staffing, marketing media, HR media, and “other”.
| (¥billions) | Q1 2015 | Q1 2014 | % growth | Q1 2015 (USD$billions) |
| Marketing media | ¥81.8 | ¥77.4 | 5.8% | $0.7 |
| HR Media (includes Indeed) | ¥80.3 | ¥69.0 | 16.2% | $0.7 |
| Staffing | ¥184.2 | ¥162.1 | 13.6% | $1.5 |
| Other | ¥1.4 | ¥0.3 | nm | $0.0 |
Guidance
Recruit expects net sales to rise 19.2% in FY 2015 through growth and acquisitions.
Sales price and market cap
Shares in Recruit closed up 1.40% to ¥3,990.00. It had a market cap of ¥2.26 trillion, according to Google.