Recruit Holdings Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Revenue	3,557,478	3,416,492	3,429,519	2,871,705	2,269,346	Upgrade
Revenue Growth (YoY)	4.13%	-0.38%	19.42%	26.54%	-5.42%	Upgrade
Cost of Revenue	1,471,834	1,451,961	1,432,643	1,221,684	1,123,653	Upgrade
Gross Profit	2,085,644	1,964,531	1,996,876	1,650,021	1,145,693	Upgrade
Selling, General & Admin	1,558,654	1,521,355	1,603,242	1,250,305	867,663	Upgrade
Other Operating Expenses	1,805	-5,343	-2,270	2,050	-14,394	Upgrade
Operating Expenses	1,560,459	1,516,012	1,600,972	1,252,355	968,682	Upgrade
Operating Income	525,185	448,519	395,904	397,666	177,011	Upgrade
Interest Expense	-10,625	-30,859	-4,936	-4,326	-3,944	Upgrade
Interest & Investment Income	31,272	39,997	17,418	2,796	2,896	Upgrade
Earnings From Equity Investments	-8,810	-1,356	3,013	5,349	6,468	Upgrade
Currency Exchange Gain (Loss)	22,683	14,470	6,540	-	-	Upgrade
Other Non Operating Income (Expenses)	2,080	1,461	1,427	-1	-	Upgrade
EBT Excluding Unusual Items	561,785	472,232	419,366	401,484	182,431	Upgrade
Merger & Restructuring Charges	-16,299	-6,716	-17,898	-150	-2,779	Upgrade
Impairment of Goodwill	-	-7,596	-4,419	-	-	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-3,077	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-1,002	-1,385	Upgrade
Asset Writedown	-18,343	-31,679	-29,282	-17,584	-6,689	Upgrade
Pretax Income	527,143	426,241	367,767	382,748	168,501	Upgrade
Income Tax Expense	118,983	71,645	96,096	85,026	36,812	Upgrade
Earnings From Continuing Operations	408,160	354,596	271,671	297,722	131,689	Upgrade
Minority Interest in Earnings	344	-942	-1,872	-889	-296	Upgrade
Net Income	408,504	353,654	269,799	296,833	131,393	Upgrade
Net Income to Common	408,504	353,654	269,799	296,833	131,393	Upgrade
Net Income Growth	15.51%	31.08%	-9.11%	125.91%	-26.96%	Upgrade
Shares Outstanding (Basic)	1,505	1,565	1,600	1,634	1,646	Upgrade
Shares Outstanding (Diluted)	1,522	1,587	1,611	1,641	1,649	Upgrade
Shares Change (YoY)	-4.04%	-1.53%	-1.84%	-0.43%	-0.96%	Upgrade
EPS (Basic)	271.44	225.98	168.59	181.68	79.83	Upgrade
EPS (Diluted)	268.32	222.90	167.44	180.83	79.70	Upgrade
EPS Growth	20.38%	33.12%	-7.41%	126.89%	-26.25%	Upgrade
Free Cash Flow	602,412	524,225	416,168	426,477	272,582	Upgrade
Free Cash Flow Per Share	395.68	330.41	258.28	259.81	165.34	Upgrade
Dividend Per Share	24.000	23.000	22.000	21.000	20.000	Upgrade
Dividend Growth	4.35%	4.54%	4.76%	5.00%	-33.33%	Upgrade
Gross Margin	58.63%	57.50%	58.23%	57.46%	50.49%	Upgrade
Operating Margin	14.76%	13.13%	11.54%	13.85%	7.80%	Upgrade
Profit Margin	11.48%	10.35%	7.87%	10.34%	5.79%	Upgrade
Free Cash Flow Margin	16.93%	15.34%	12.13%	14.85%	12.01%	Upgrade
EBITDA	557,267	483,956	435,364	435,853	297,002	Upgrade
EBITDA Margin	15.67%	14.16%	12.70%	15.18%	13.09%	Upgrade
D&A For EBITDA	32,082	35,437	39,460	38,187	119,991	Upgrade
EBIT	525,185	448,519	395,904	397,666	177,011	Upgrade
EBIT Margin	14.76%	13.13%	11.54%	13.85%	7.80%	Upgrade
Effective Tax Rate	22.57%	16.81%	26.13%	22.21%	21.85%	Upgrade
Advertising Expenses	317,329	288,922	343,767	289,309	183,891	Upgrade

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.