Consolidated Financial Results for the Six Months Ended September 30, 2020 (IFRS, Unaudited)
Tokyo, November 16, 2020 ― Recruit Holdings Co., Ltd. announced today its consolidated financial results for the six months ended September 30, 2020 (April 1, 2020 to September 30, 2020).
(Amounts are rounded down to the nearest million yen)
Consolidated Operating Results
Six Months Ended September 30,
% change
(In millions of yen, unless otherwise stated)
2019
2020
Revenue
1,201,201
1,044,621
-13.0%
Adjusted EBITDA
177,757
123,422
-30.6%
Operating income
142,659
74,729
-47.6%
Profit before tax
157,834
78,490
-50.3%
Profit for the period
114,946
63,121
-45.1%
Profit attributable to owners of the parent
114,148
62,533
-45.2%
Profit available for dividends
105,770
62,058
-41.3%
Total comprehensive income
83,063
84,263
1.4%
Basic EPS (yen)
68.32
37.92
-
Diluted EPS (yen)
68.19
37.87
-
Adjusted EPS (yen)
67.96
41.83
-38.4%
Note: Revenue for the six months ended September 30, 2020 includes 29.5 billion yen from the Rent Assistance Program by The Small and Medium Enterprise Agency of the Ministry of Economy in Japan.
Consolidated Financial Position
(In millions of yen, unless otherwise stated)
As of March 31, 2020
As of September 30, 2020
Total assets
1,998,917
2,070,539
Total equity
995,743
1,053,995
Equity attributable to owners of the parent
988,449
1,046,080
Ratio of equity attributable to owners of the parent (%)
49.4%
50.5%
Dividends
(In yen)
FY2019
FY2020
FY2020 (Forecast)
At the end of Q1
-
-
At the end of Q2
15.00
9.50
At the end of Q3
-
-
At the end of Q4
15.00
9.50
Total
30.00
19.00
The Company is providing FY2020 dividend forecast for the first time.
Consolidated Financial Guidance for FY2020
The Company provides guidance of key financial metrics for FY2020 as below:
The Year Ending March 31, 2021
(In millions of yen, unless otherwise stated)
Expected range
Year on year % change
Revenue
2,149,647
-
2,244,647
-10.4%
-
-6.5%
Adjusted EBITDA
210,022
-
245,022
-35.4%
-
-24.6%
Operating income
111,729
-
146,729
-45.8%
-
-28.8%
Profit before tax
115,990
-
150,990
-48.7%
-
-33.2%
Profit for the period
94,121
-
119,121
-48.1%
-
-34.3%
Profit attributable to owners of the parent
93,033
-
118,283
-48.3%
-
-34.2%
Adjusted EPS (yen)
62.83
-
77.83
-48.1%
-
-35.7%
Please refer to page 10, Qualitative Information on Consolidated Financial Guidance for more details.
1
Recruit Holdings Co., Ltd. (TSE 6098)
Consolidated Financial Results for Q2 FY2020
Changes in Significant Subsidiaries Resulting from Change in Scope of Consolidation
There was no change in specific subsidiaries accompanying a change in the scope of consolidation.
Changes in Accounting Policies and Changes in Accounting Estimates
There has been no change in: (1) accounting policies required by IFRS, (2) accounting policies other than the foregoing item (1), and (3) accounting estimates.
Number of Issued Shares - Common Stock
As of March 31, 2020
As of September 30, 2020
Number of issued shares including treasury stock
1,695,960,030
1,695,960,030
Number of treasury stock
47,574,459
46,646,631
Six Months Ended
Six Months Ended
September 30, 2019
September 30, 2020
Average number of shares during the period
1,670,791,887
1,648,950,058
Definition of the Abbreviation
Abbreviation
Definition
Recruit Holdings, the Holding Company
Recruit Holdings Co., Ltd. on a standalone basis
the Company, Recruit Group
Recruit Holdings Co., Ltd. and its consolidated subsidiaries
SBU
Strategic Business Unit
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
FY2020
Fiscal year from April 1, 2020 to March 31, 2021
FY2019
Fiscal year from April 1, 2019 to March 31, 2020
Definition of the Financial Measures
Financial Measures
Definition
Adjusted EBITDA
Operating income + depreciation and amortization (excluding depreciation of right-of-use assets) ±
other operating income/expenses
Adjusted profit
Profit attributable to owners of the parent ± adjustment items (excluding non-controlling interests)
± tax reconciliation related to certain adjustment items
Adjusted EPS
Adjusted profit/ (number of issued shares at the end of the period - number of treasury stock at the
end of the period)
Profit available for dividends
Profit attributable to owners of the parent ± non-recurring income/losses ± tax reconciliation related to
certain non-recurring income/losses
Adjustment items
Amortization of intangible assets arising due to business combinations ± non-recurring income/losses
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
Average exchange rate during the period
FY2019
FY2020
(In yen)
Q1
Q2
Q3
Q4
Q1
Q2
cumulative
cumulative
cumulative
cumulative
US dollar
109.90
108.60
108.65
108.70
107.63
106.93
Euro
123.50
121.40
121.04
120.81
118.59
121.34
Australian dollar
76.95
75.24
74.91
74.11
70.74
73.32
The amount of exchange rate effects on revenue for Q2 FY2020 is calculated by deducting the amount of the three month period of FY2020 from the amount of the six month period of FY2020.
2
Recruit Holdings Co., Ltd. (TSE 6098)
Consolidated Financial Results for Q2 FY2020
Quarterly earnings releases are not subject to review by a certified public accountant nor an independent auditor.
Forward-Looking Statements
This document contains forward-looking statements, which reflect the Company's assumptions and outlook for the future and estimates based on information available to the Company and the Company's plans and expectations as of the date of this document or other date indicated. There can be no assurance that the relevant forecasts and other forward-looking statements will be achieved. Please note that significant differences between the forecasts and other forward-looking statements and actual results may arise due to various factors, including changes in economic conditions, changes in individual users' preferences and enterprise clients' needs, competition, changes in the legal and regulatory environment, fluctuations in foreign exchange rates, 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 the Company operates. 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.
Recruit Holdings Co. Ltd. published this content on 16 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2020 06:32:02 UTC
Canada
Deutschland
España
France
Italia
Schweiz (DE)
United Kingdom
Report
