Overview
Services

Recruit Holdings Co.,Ltd.

Recruit Holdings is a global HR technology and matching platform company operating across three strategic business units: HR Technology, Matching & Solutions, and Staffing. The company operates Indeed and Glassdoor—the world's largest job sites—serving over 610 million jobseeker profiles and 3.3 million enterprise clients annually across 60+ countries, while also providing vertical-specific matching platforms and SaaS business tools primarily for Japanese SMEs. Its competitive strengths lie in AI-driven matching technology, a pay-for-performance monetization model, and an integrated ecosystem connecting individuals and businesses across hiring, marketing, and operational productivity.

Market Cap
¥26,535B
US$169B
EV
¥25,840B
US$165B
Stock¥19,060▼-0.60%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
30.8
x
LTM EV/EBIT
35.3
x
LTM PER
45.9
x
LTM PBR
15.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+119.1%pt
10012345
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 7, 25Announced ¥53.9B share buyback TOB at ¥4,148
2Feb 4, 26Increased activist investor pressure
3Feb 12, 26Institutional position adjustment
4Feb 13, 26Pre-earnings profit taking
5Feb 26, 26Oversold bounce-back buying
MC → EV Bridge
26,535BUS$169BMarket Cap179BUS$1.14B+ Debt853BUS$5.44B− Cash33.8BUS$215M− Inv. Sec.13.0BUS$83.1M+ NCI25,840BUS$165BEV
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Performance & Balance
Revenue 5Y (¥B)
2,872US$18.3B'22/33,430US$21.9B'23/33,416US$21.8B'24/33,557US$22.7B'25/33,697US$23.6B'26/3
EBITDA 5Y (¥B)
502US$3.20B'22/3466US$2.97B'23/3520US$3.32B'24/3600US$3.83B'25/3738US$4.70B'26/3
Net Income 5Y (¥B)
297US$1.89B'22/3270US$1.72B'23/3354US$2.26B'24/3409US$2.61B'25/3497US$3.17B'26/3
Capital Structure
91%
EquityD/E 0.10xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
670US$4.27B291US$1.86B'22/3877US$5.60B454US$2.89B'23/31,137US$7.25B989US$6.30B'24/3809US$5.16B209US$1.33B'25/3726US$4.63B186US$1.19B'26/3
Shareholders
Top 10 hold 40.7%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
18.81%
2
Custody Bank of Japan, Ltd. (Trust Account)
7.17%
3
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
3.24%
4
THE CHASE MANHATTAN BANK,N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
2.64%
5
Nippon Television Network Corporation
1.69%
6
Japan Master Trust Bank, Ltd. (Stock Grant ESOP Trust Account No. 76576)
1.64%
7
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.53%
8
JP MORGAN CHASE BANK 385642 (Standing Proxy: Mizuho Bank, Ltd.)
1.48%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.42%
10
TOKYO BROADCASTING SYSTEM TELEVISION, INC.
1.09%
Management
12 officers
Masumi MINEGISHI
Representative Director, Chairman and Chair of the Board of Directors
Apr 1987: Joined Recruit Holdings Co., Ltd. Apr 2003: Executive Officer Apr 2004: Managing Executive Officer Jun 2009: Director and Managing Executive Officer Apr 2011: Director and Senior Managing Executive Officer Apr 2012: Representative Director, President and CEO Apr 2021: Representative Director, Chairman and Chair of the Board of Directors (current) Jun 2022: Outside Director, Konica Minolta, Inc. (current) Jun 2022: Outside Director, ANA Holdings Inc. (current)
1964-01-24
Hisayuki DEKIBA
Representative Director, President and CEO
Apr 1999: Joined Recruit Holdings Co., Ltd. Apr 2012: Executive Officer Sep 2012: Chairman, Indeed, Inc. Oct 2013: CEO and President, Indeed, Inc. Oct 2015: CEO, Indeed, Inc. Apr 2016: Managing Executive Officer Jan 2018: Senior Managing Executive Officer Director and CEO, RGF OHR USA, Inc. (current) Director and Chairman, Recruit Global Staffing B.V. (now RGF Staffing B.V.) (current) Apr 2018: Director, Recruit Co., Ltd. (current) Apr 2019: Senior Managing Executive Officer Director, Indeed, Inc. (current) Jun 2019: Director and Senior Managing Executive Officer Apr 2020: Director and Vice President Executive Officer Apr 2021: Representative Director, President and CEO; in charge of HR Technology Business (current) Apr 2025: Director, Indeed Recruit Partners Co., Ltd. (current) Jun 2025: President and CEO, Indeed, Inc. (current)
1975-04-22
Ayano SENAMINAMI
Director, Managing Executive Officer and COO
Apr 2006: Joined Recruit Holdings Co., Ltd. Jan 2014: Managing Director, ADVANTAGE GROUP LIMITED Managing Director, ADVANTAGE PROFESSIONAL UK LIMITED Director, ADVANTAGE XPO LIMITED Jul 2015: General Manager, R&D Business Development Office, Recruit Holdings Apr 2016: General Manager, Human Resources Division, Recruit Holdings Jan 2018: General Manager, Corporate Planning Office and Human Resources Division, Recruit Holdings Chief of Staff, Indeed, Inc. Director, RGF OHR USA, Inc. (current) Apr 2018: Executive Officer Apr 2020: Managing Executive Officer Jun 2020: Director and Managing Executive Officer Apr 2021: Director, Managing Executive Officer and COO (current) Apr 2022: Director, RGF Staffing B.V. (current) Member of the Board of Directors, Georg Fischer Ltd. (current) Jul 2022: Director, Indeed, Inc. (current) Apr 2023: Director, Recruit Co., Ltd. (current) Apr 2025: Director, Indeed Recruit Partners Co., Ltd. (current) Sep 2025: Chief People Officer, Indeed, Inc. (current)
1982-12-05
Rony KAHAN
Director
Aug 1998: Co-Founder, jobsinthemoney.com, Inc. Nov 2004: Co-Founder, President and Chairman, Indeed, Inc. Sep 2012: CEO, Indeed, Inc. Oct 2013: Director and Chairman, Indeed, Inc. (current) Apr 2018: Director and Chairman, RGF OHR USA, Inc. (current) Jun 2018: Director, Recruit Holdings Co., Ltd. (current)
1967-11-26
Naoki IZUMIYA
Director
Apr 1972: Joined Asahi Breweries, Ltd. (now Asahi Group Holdings, Ltd.) Mar 2000: Executive Officer, General Manager, Group Management Strategy Headquarters, Asahi Breweries, Ltd. Oct 2000: Executive Officer, General Manager, Strategic Planning Headquarters, Asahi Breweries, Ltd. Sep 2001: Executive Officer, Deputy General Manager, Metropolitan Area Headquarters and General Manager, Tokyo Branch, Asahi Breweries, Ltd. Mar 2003: Director, Asahi Breweries, Ltd. Mar 2004: Managing Director, Asahi Breweries, Ltd. Mar 2006: Managing Director and Managing Executive Officer, General Manager, Alcoholic Beverages Headquarters, Asahi Breweries, Ltd. Mar 2009: Senior Managing Director and Senior Managing Executive Officer, Asahi Breweries, Ltd. Mar 2010: Representative Director, President, Asahi Breweries, Ltd. Jul 2011: Representative Director, President and COO, Asahi Group Holdings, Ltd. Mar 2014: Representative Director, President and CEO, Asahi Group Holdings, Ltd. Mar 2016: Representative Director, Chairman and CEO, Asahi Group Holdings, Ltd. Mar 2018: Representative Director, Chairman, Asahi Group Holdings, Ltd. Jun 2018: Director, Recruit Holdings Co., Ltd. (current) Mar 2019: Director, Chairman and Chair of the Board of Directors, Asahi Group Holdings, Ltd. Mar 2021: Special Advisor, Asahi Group Holdings, Ltd. (current)
1948-08-09
Tsuyoshi KODERA
Director
Apr 1992: Joined Sony Corporation (now Sony Group Corporation) Apr 2008: Vice President, Sony Electronics Inc. (U.S.) Jul 2010: Senior Vice President, Sony Network Entertainment International Apr 2013: President, Sony Network Entertainment International Apr 2016: Vice President, Sony Interactive Entertainment Inc. Jun 2016: Executive Officer, Business Executive, Sony Corporation Oct 2017: President and CEO, Sony Interactive Entertainment Inc.; Representative Director, President, Sony Interactive Entertainment Inc. Jun 2018: Managing Executive Officer, Sony Corporation Apr 2019: Vice President, Sony Interactive Entertainment Inc.; Representative Director, Vice President, Sony Interactive Entertainment Inc. Apr 2021: Managing Executive Officer, CDO, Sony Group Corporation Jul 2023: Managing Executive Officer, CDO and CIO, Sony Group Corporation Apr 2025: Executive Officer, CDO, Sony Group Corporation (current) Jun 2025: Director, Recruit Holdings Co., Ltd. (current)
1969-10-08
Keiko HONDA
Director
Apr 1984: Joined Bain & Company Japan, Inc. May 1986: Joined Shearson Lehman Brothers Securities Co., Ltd. Jul 1989: Joined McKinsey & Company, Inc. Japan Jul 1999: Partner, McKinsey & Company, Inc. Japan Jul 2007: Director (Senior Partner), McKinsey & Company, Inc. Japan Jul 2013: Head, Multilateral Investment Guarantee Agency, World Bank Group Jun 2014: Head and CEO, Multilateral Investment Guarantee Agency, World Bank Group Oct 2019: Retired from Multilateral Investment Guarantee Agency, World Bank Group Jun 2020: Outside Director, Mitsubishi UFJ Financial Group, Inc. (current) Jun 2022: Director, Recruit Holdings Co., Ltd. (current) Apr 2025: Professor, Faculty of Commerce and Graduate School of Business and Management, Waseda University (current)
1961-09-27
Katrina LAKE
Director
Sep 2005: Joined Parthenon Group, LLC (now EY-Parthenon) Sep 2007: Joined Leader Ventures, LLC Jan 2011: Founder and CEO, Stitch Fix, Inc. Dec 2015: Outside Director, Grubhub, Inc. Jun 2018: Outside Director, Glossier, Inc. Aug 2021: Chairperson, Stitch Fix, Inc. Jan 2023: CEO and Chairperson, Stitch Fix, Inc. Jun 2023: Director, Recruit Holdings Co., Ltd. (current) Executive Chairperson of the Board, Stitch Fix, Inc. (current)
1982-12-24
Yukiko NAGASHIMA
Full-time Audit & Supervisory Board Member
Apr 1985: Joined Recruit Holdings Co., Ltd. Apr 2006: Executive Officer Jan 2008: Representative Director, President, Recruit Staffing Co., Ltd. Apr 2016: Advisor, Recruit Holdings Jun 2016: Audit & Supervisory Board Member, Recruit Holdings (current) Apr 2018: Audit & Supervisory Board Member, Recruit Co., Ltd. (current) Jun 2021: Outside Audit & Supervisory Board Member, Sumitomo Corporation Apr 2025: Audit & Supervisory Board Member, Indeed Recruit Partners Co., Ltd. (current) Jun 2025: Outside Director, Audit and Supervisory Committee Member, Sumitomo Corporation (current)
1961-04-04
Takashi NISHIMURA
Full-time Audit & Supervisory Board Member
Apr 1997: Joined Recruit Holdings Co., Ltd. Apr 2012: Company Partner, Corporate Management Office, Recruit Holdings Apr 2013: General Manager, Overseas Business Coordination Office, Overseas Business Division, Recruit Holdings Feb 2014: Executive Vice President, Recruit USA, Inc. Apr 2014: Director, Indeed, Inc. Apr 2016: General Manager, Global Online HR SBU Coordination Office, Recruit Holdings Jan 2018: Director, Recruit Global Staffing B.V. (now RGF Staffing B.V.) Jan 2019: Senior Vice President, GM of Recruiting Solutions, Indeed, Inc. Jun 2022: Audit & Supervisory Board Member, Recruit Holdings (current) Audit & Supervisory Board Member, Recruit Co., Ltd. (current) Apr 2025: Audit & Supervisory Board Member, Indeed Recruit Partners Co., Ltd. (current)
1973-10-22
Yoichiro OGAWA
Audit & Supervisory Board Member
Oct 1980: Joined Tohmatsu & Aoki Audit Corporation (now Deloitte Touche Tohmatsu LLC) Mar 1984: Registered as Certified Public Accountant Jun 1993: Partner, Deloitte Touche Tohmatsu LLC Jun 2007: Board Member, Deloitte Touche Tohmatsu Limited Jun 2011: Vice Chairman of the Board, Deloitte Touche Tohmatsu Limited Oct 2013: Deputy CEO, Deloitte Touche Tohmatsu LLC Jun 2015: Asia Pacific Region Leader, Deloitte Touche Tohmatsu Limited Jul 2015: CEO, Deloitte Tohmatsu Group Nov 2018: Head, Yoichiro Ogawa Certified Public Accountant Office (current) Jun 2020: Audit & Supervisory Board Member, Recruit Holdings Co., Ltd. (current) Jun 2021: Outside Director, Honda Motor Co., Ltd. (current)
1956-02-19
Katsuya NATORI
Audit & Supervisory Board Member
Apr 1986: Joined Masuda Ejiri Law Office (now Nishimura & Asahi) Jun 1990: Joined Davis Wright Tremaine LLP Jul 1992: Joined Wilmer, Cutler & Pickering Jul 1993: Joined Esso Sekiyu K.K. (now ENEOS Corporation) Jan 1995: Joined Apple Computer, K.K. (now Apple Japan GK) Jan 1998: Director, Sun Microsystems K.K. (now Nihon Oracle Information Systems LLC) Mar 2002: Executive Officer, Fast Retailing Co., Ltd. Jan 2004: Director and Executive Officer, IBM Japan, Ltd. Apr 2010: Executive Officer, IBM Japan, Ltd. Feb 2012: Head, Natori Law Office Apr 2016: Supervisory Director, Global One Real Estate Investment Corp. (current) Jun 2020: Outside Audit & Supervisory Board Member, Pasona Tequila Co., Ltd. (now Circlace Inc.) (current) Jun 2020: Audit & Supervisory Board Member, Recruit Holdings Co., Ltd. (current) Dec 2020: Managing Partner, ITN Law Office Jun 2021: Outside Director, Tokyo Rope Mfg. Co., Ltd. (current) Jan 2026: Managing Partner, Natori & Oki Law Office (current)
1959-05-15
Large Shareholding Reports
Capital Research and Management Company
2026-06-22
5.09%
Nomura Asset Management Co., Ltd.
2026-04-06
4.90%→6.13%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.84%→3.14%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Large Shareholding Report
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-06
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-06
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-05-15
Securities Registration Statement
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINETAmended
2022-10-18
Amended Annual Securities Report
EDINETAmended
2022-10-18
Amended Annual Securities Report
EDINETAmended
2022-10-18
Amended Annual Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-22
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-15
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-18
Annual Securities Report
EDINET
2021-02-15
Quarterly Securities Report
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