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Recruit Holdings, Net Income Forecast for the Fiscal Year Revised Upward by 5%, Raises Record High Profit Forecast

Thu Nov 6, 2025 3:30 pm JST Earnings

6098 Recruit Holdings Co.,Ltd. 【IFRS】

Earnings Report

Recruit Holdings Co.,Ltd. <6098> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 6th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 11.6% from the same period last year, reaching 248 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 4.7%, from the previous forecast of 428 billion yen to 448 billion yen (compared to 408 billion yen in the previous period), increasing the growth rate from 4.8% to 9.7%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow 7.5% from the same period last year, reaching 199 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew 9.8% from the same period last year, reaching 127 billion yen. The operating profit margin rose from 15.8% in the same period last year to 17.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 1,705,939 237,833 261,047 213,074 135.4 61.2 Nov 8, 2023 IFRS
Apr - Sep, 2024 1,798,705 269,708 297,053 222,495 145.6 56.4 Nov 11, 2024 IFRS
Apr - Sep, 2025 1,793,584 313,525 322,928 248,380 173.1 ー Nov 6, 2025 IFRS
YoY -0.3% +16.2% +8.7% +11.6% +18.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 12.50 May 9, 2025 IFRS
Apr - Sep, 2025 Results 1,793,584 313,525 322,928 248,380 173.1 12.50 Nov 6, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 3,520,000 540,000 ー 428,000 303.9 25 May 9, 2025 IFRS
Mar, 2026 New 3,598,500 566,000 ー 448,300 318.3 25 Nov 6, 2025 IFRS
Revision Rate +2.2% +4.8% － +4.7% +4.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,758,773 220,834 230,090 186,009 123.6 12 May 9, 2025 IFRS
Oct - Mar, 2025 Guidance 1,804,916 252,475 ー 199,920 141.9 12.50 Nov 6, 2025 IFRS
YoY +2.6% +14.3% － +7.5% +14.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 3,416,492 402,526 426,241 353,654 226.0 23 May 15, 2024 IFRS
Mar, 2025 3,557,478 490,542 527,143 408,504 271.4 24 May 9, 2025 IFRS
Mar, 2026 Guidance 3,598,500 566,000 ー 448,300 318.3 25 Nov 6, 2025 IFRS
YoY +1.2% +15.4% － +9.7% +17.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 897,147 141,890 155,559 116,069 76.0 15.8 Nov 11, 2024 IFRS
Oct - Dec, 2024 896,997 139,650 145,175 119,054 78.6 15.6 Feb 12, 2025 IFRS
Jan - Mar, 2025 861,776 81,184 84,915 66,955 44.5 9.4 May 9, 2025 IFRS
Apr - Jun, 2025 878,839 153,734 158,946 120,936 84.0 17.5 Aug 5, 2025 IFRS
Jul - Sep, 2025 914,745 159,791 163,982 127,444 88.8 17.5 Nov 6, 2025 IFRS
YoY +2.0% +12.6% +5.4% +9.8% +16.9%

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