This document has been translated from the original document in Japanese ("Yukashouken Houkokusho"), which is legally required for Recruit Holdings as a listed company in Japan to support investment decisions by providing certain information about the Company for the fiscal year ended March 31, 2023 ("FY2022"), under Article 24, Paragraph 1 of the Financial Instruments and Exchange Act of Japan.
The Japanese original document was filed to the Director-General of the Kanto Local Finance Bureau in Japan on June 27, 2023. Please refer to "Note Regarding Reference Translation" below as a general warning for this translation document.
Document Name | Annual Report translated from Yukashouken Houkokusho |
Filing Date | June 27, 2023 |
Fiscal Year | FY2022 (From April 1, 2022 to March 31, 2023) |
Company Name in English | Recruit Holdings Co., Ltd. |
Title and Name of | Hisayuki Idekoba |
Representative | Representative Director, President and CEO |
Address of Head Office | 1-9-2 Marunouchi, Chiyoda-ku, Tokyo, Japan |
Telephone Number | +81-3-3511-6383 |
Contact Person | Junichi Arai |
Senior Vice President | |
Contact Location | 1-9-2 Marunouchi, Chiyoda-ku, Tokyo, Japan |
Definition of Abbreviations
Abbreviation | Definition |
Recruit Holdings, the Holding Company | Recruit Holdings Co., Ltd. on a standalone basis |
the Company, Recruit Group, We, Our | Recruit Holdings Co., Ltd. and its consolidated subsidiaries |
SBU | Strategic Business Unit |
BIP Trust | Board Incentive Plan Trust |
Q1 | Three-month period from April 1 to June 30 |
Q2 | Three-month period from July 1 to September 30 |
Q3 | Three-month period from October 1 to December 31 |
Q4 | Three-month period from January 1 to March 31 |
FY2021 | Fiscal year from April 1, 2021 to March 31, 2022 |
FY2022 | Fiscal year from April 1, 2022 to March 31, 2023 |
FY2023 | Fiscal year from April 1, 2023 to March 31, 2024 |
Definition of Financial Measures
Financial Measures
Adjusted EBITDA
Adjusted EPS
Adjusted profit
Non-recurring income/losses
Definition
Operating income + depreciation and amortization (excluding depreciation of right-of-use assets) + share-based payment expenses ± other operating income/expenses
Adjusted profit / ((number of issued shares at the beginning of the period + number of issued shares at the end of the period)/2 - (number of treasury stock at the beginning of the period +number of treasury stock at the end of the period)/2)
Profit attributable to owners of the parent ± non-recurring income/losses (excluding non-controlling interests) ± tax reconciliation related to certain non-recurring income/losses
Gains or losses from disposals of shares of associates, expenses relating to company restructuring, gains or losses from the sale or impairment of property and equipment, and income and expense items that the Company believes are unusual or non-recurring in nature which do not reflect the Company's underlying results of operations
Effective from Q1 FY2022, the Company has changed the adjustment items for adjusted EBITDA and adjusted EPS.
Supplementary Information
All comparisons in this report are year over year unless otherwise stated. The current definitions of adjusted EBITDA and adjusted EPS are applied retroactively to FY2021. Please refer to "Definition of the Financial Measures" for the current definitions.
Average Exchange Rate During The Period
(In yen) | FY2021 | FY2022 | |
US dollar | 112.39 | 135.50 | |
Euro | 130.55 | 140.99 | |
Australian dollar | 83.06 | 92.66 | |
Forward-Looking Statements
This document contains forward-looking statements, which reflect the Company's assumptions, estimates and outlook for the future based on the Company's plans and expectations as of March 31, 2023 unless the context otherwise indicates. There can be no assurance that the relevant forward-looking statements will be achieved. Please note that significant differences between such forward-looking statements and actual results may arise due to various factors, many of which are outside the Company's control, including changes in economic conditions, changes in individual users' preferences and enterprise clients' needs, competition, changes in the legal and regulatory environment including changes in laws and regulations or guidance, interpretation, enforcement or practice relating to laws and regulations, fluctuations in foreign exchange rates, climate change or other changes in the natural environment, the impact of the spread of COVID-19, the occurrence of large-scale natural disasters, and other factors. Accordingly, readers are cautioned against placing undue reliance on any such forward-looking statements. The Company has no obligation to update or revise any information contained in this document based on any subsequent developments except as required by applicable law or stock exchange rules and regulations.
Note Regarding Reference Translation
This document has been translated from the Japanese language original for reference purposes only and may not be used or disclosed for any other purpose without the Company's prior written consent. In the event of any conflict or discrepancy between this translated document and the Japanese language original, the Japanese language original shall prevail in all respects. The Company makes no representations regarding the accuracy or completeness of this translation and assumes no responsibility for any losses or damages arising from the use of this translation.
Third-Party Information
This document includes information derived from or based on third-party sources, including information about the markets in which we operate. These statements are based on statistics and other information from third-party sources as cited herein, and the Company has not independently verified and cannot assure the accuracy or completeness of any information derived from or based on third-party sources.
U.S. Disclaimer - Unsponsored American Depositary Receipt ("ADR")
The Company does not support or encourage, and has not consented to, the creation of any unsponsored ADR facilities in respect of its securities and in any event disclaims any liability in connection with an unsponsored ADR. The Company does not represent to any depositary institution, bank or anyone nor should any such entity rely on a belief that the Web site of the Company includes all published information in English, currently, and on an ongoing basis, required to claim an exemption under U.S. Exchange Act Rule 12g3-2(b).
Table of contents
Company Overview | 1 |
Key Performance Indicators | 1 |
History | 3 |
Business | 8 |
Major Subsidiaries and Associates | 13 |
Employees | 16 |
Business Overview | 20 |
Management Philosophy and Strategies | 20 |
Sustainability Policy and Actions | 32 |
Risk Factors | 45 |
Management's Discussion and Analysis of Financial Position, Results of Operations, | 71 |
and Cash Flows | |
Material Contracts | 78 |
Research and Development | 78 |
Facilities | 79 |
Overview of Capital Expenditures | 79 |
Status of Major Facilities | 79 |
Facility Establishment and Disposal Plans | 80 |
Status of Shares, Acquisition of Treasury Stock and Dividend Policy | 81 |
Status of Shares | 81 |
Status of Acquisition of Treasury Stock | 99 |
Basic Policy on Profit Distribution and Dividends | 101 |
Corporate Governance | 102 |
Corporate Governance Overview | 102 |
Leadership | 127 |
Status of Audits | 153 |
Compensation | 159 |
Stocks Held by the Company | 167 |
Financial Information | 173 |
Consolidated Financial Statements and Notes | 174 |
Non-consolidated Financial Statements and Notes | 235 |
Other Information | 251 |
Outline of Share-related Administration of the Company | 251 |
Information on the Parent Company of the Holding Company | 252 |
Other Reference Information | 252 |
Information on the Guarantor of the Holding Company | 256 |
Independent Auditor's Reports | 257 |
Attachments
- Original Link
- Original Document
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Disclaimer
Recruit Holdings Co. Ltd. published this content on 27 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2023 06:19:16 UTC.