Recruit Holdings Announces Consolidated Financial Guidance for FY2023 | Newsroom | Recruit Holdings

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This page is a news release from Recruit Holdings. The contents of this press release are as of the time of publication and may differ from the latest information.

TOKYO, JAPAN – Recruit Holdings Co., Ltd. (TSE: 6098) resolved at the Board of Directors meeting held today to announce guidance for the fiscal year ending March 31, 2024 (FY2023) as communicated to do so when it becomes reasonably feasible.

For FY2023, the Company expects consolidated revenue to decrease 0.9% year over year. Revenue is expected to decrease in HR Technology as hiring activities and the HR Matching market overall contract in US and Europe, while revenue in Matching & Solutions and Staffing is expected to increase.

Adjusted EBITDA is expected to increase 7.3% year over year to 585 billion yen, a record high, due to cost control measures mainly related to personnel cost and advertising expenses while continuing strategic investments for future growth.

Operating income and profit before tax are expected to increase 18.2% and 16.6% year over year, respectively, while a one-time loss is expected to be recorded in Q4 FY2023.

Net income and profit attributable to owners of the parent are expected to increase to record highs, by 30.7% and 31.2% year over year, respectively, and EPS*1 and adjusted EPS*1 are expected to increase 34.1% and 16.9% year over year, respectively, after share repurchases executed in FY2023.

Below is Q3 earning for the HR tech segment which includes Indeed and Glassdoor.

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