Recruit : Annual Report (translated from Yukashouken Houkokusho)*
06/22/2022 | 02:35am EDT
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, 2022 ("FY2021"), 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 22, 2022. Please refer to "Note Regarding Reference Translation" below as a general warning for this translation document.
Annual Report translated from Yukashouken Houkokusho
June 22, 2022
FY2021 (From April 1, 2021 to March 31, 2022)
Company Name in English
Recruit Holdings Co., Ltd.
Title and Name of
President, CEO, and Representative Director of the Board
Address of Head Office
8-4-17 Ginza, Chuo-ku, Tokyo, Japan
(The above address is a registered headquarters. Actual headquarters
operation is conducted in the Contact Location below)
Corporate Executive Officer
1-9-2 Marunouchi, Chiyoda-ku, Tokyo, Japan
Definition of Abbreviations
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
Strategic Business Unit
Board Incentive Plan Trust
Rent Assistance Program
Rent Assistance Program by The Small and Medium Enterprise Agency of
the Ministry of Economy in Japan from Q2 FY2020 to Q4 FY2020
Three-month period from April 1 to June 30
Three-month period from July 1 to September 30
Three-month period from October 1 to December 31
Three-month period from January 1 to March 31
Fiscal year from April 1, 2020 to March 31, 2021
Fiscal year from April 1, 2021 to March 31, 2022
Fiscal year from April 1, 2022 to March 31, 2023
Definition of Financial Measures
Operating income + depreciation and amortization (excluding depreciation of right-of-use assets) ± other operating income/expenses
Profit attributable to owners of the parent ± adjustment items (excluding non-controlling interests) ± tax reconciliation related to certain adjustment items
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)
Amortization of intangible assets arising due to business combinations ± 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 FY2021, the Company has changed the method of calculating adjusted EPS, but the impact of this change is minor.
Changes of Company Name
The names of the companies in this document are as of March 31, 2022, unless otherwise indicated. The name of the companies that changed during FY2021 are indicated below.
Date of Change
(prior to the change)
(as of March 31, 2022)
USG People Holdings B.V.
RGF Staffing the Netherlands B.V.
ADVANTAGE RESOURCING UK
RGF Staffing UK Limited
RGF STAFFING PTY LTD
RGF STAFFING APEJ PTY LTD
The US dollar based revenue of the HR Technology segment represents the financial results of operating companies in the HR Technology segment on a US dollar basis, which differ from the consolidated financial results of the Company.
In the Staffing segment, beginning in Q1 FY2021, the name of the Japan operations subsegment has been changed to Japan, and the name of the Overseas operations subsegment has been changed to Europe, US, and Australia.
Average Exchange Rate During The Period
The amount of exchange rate effects on revenue for Q4 FY2021 is calculated by deducting the amount of the nine month period ended December 31, 2021 from the amount of the twelve month period of FY2021.
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, 2022 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.
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
Key Performance Indicators
Major Subsidiaries and Associates
Management Philosophy and Strategies
Management's Discussion and Analysis of Financial Position, Results of Operations,
and Cash Flows
Research and Development
Overview of Capital Expenditures
Status of Major Facilities
Facility Establishment and Disposal Plans
Status of Shares, Acquisition of Treasury Stock and Dividend Policy
Status of Shares
Status of Acquisition of Treasury Stock
Basic Policy on Profit Distribution and Dividends
Corporate Governance Overview
Status of Audits
Stocks Held by the Company
Consolidated Financial Statements and Notes
Non-consolidated Financial Statements and Notes
Outline of Share-related Administration of the Company
Information on the Parent Company of the Holding Company
Other Reference Information
Information on the Guarantor of the Holding Company
Independent Auditor's Reports
This is an excerpt of the original content. To continue reading it, access the original document here.
Recruit Holdings Co. Ltd. published this content on 22 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2022 06:34:03 UTC.