Recruit Holdings Co., Ltd. (TSE:6098) will look for acquisitions. Masumi Minegishi, President, Chief Executive Officer & Representative Director said “we expect to utilize capital for strategic acquisitions that will help us realize our ambitious goals. We believe that in the midterm, there will be an approximate ¥700 billion to ¥800 billion surplus for strategic investments even after ensuring that the financial soundness of the company is maintained. Of course, strategic M&As depend upon market conditions and third-party negotiations and so may not be carried out every year, but we will work to retain sufficient capital that will enable us to move flexibly and quickly as necessary. Additionally, external financing through bank lending is available for acquisitions as needed, provided that we ensure that the company's financial soundness is maintained.