Recruit Holdings Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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
Revenue	3,598,556	3,557,478	3,416,492	3,429,519	2,871,705	2,269,346
Revenue Growth (YoY)	1.67%	4.13%	-0.38%	19.42%	26.54%	-5.42%
Cost of Revenue	1,472,583	1,471,834	1,451,961	1,432,643	1,221,684	1,123,653
Gross Profit	2,125,973	2,085,644	1,964,531	1,996,876	1,650,021	1,145,693
Selling, General & Admin	1,516,386	1,558,654	1,521,355	1,603,242	1,250,305	867,663
Other Operating Expenses	-1,918	1,805	-5,343	-2,270	2,050	-14,394
Operating Expenses	1,514,468	1,560,459	1,516,012	1,600,972	1,252,355	968,682
Operating Income	611,505	525,185	448,519	395,904	397,666	177,011
Interest Expense	-11,131	-10,625	-30,859	-4,936	-4,326	-3,944
Interest & Investment Income	16,043	31,272	39,997	17,418	2,796	2,896
Earnings From Equity Investments	-10,749	-8,810	-1,356	3,013	5,349	6,468
Currency Exchange Gain (Loss)	22,683	22,683	14,470	6,540	-	-
Other Non Operating Income (Expenses)	2,082	2,080	1,461	1,427	-1	-
EBT Excluding Unusual Items	630,433	561,785	472,232	419,366	401,484	182,431
Merger & Restructuring Charges	-16,299	-16,299	-6,716	-17,898	-150	-2,779
Impairment of Goodwill	-	-	-7,596	-4,419	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	-3,077
Gain (Loss) on Sale of Assets	-	-	-	-	-1,002	-1,385
Asset Writedown	-18,343	-18,343	-31,679	-29,282	-17,584	-6,689
Pretax Income	595,791	527,143	426,241	367,767	382,748	168,501
Income Tax Expense	134,182	118,983	71,645	96,096	85,026	36,812
Earnings From Continuing Operations	461,609	408,160	354,596	271,671	297,722	131,689
Minority Interest in Earnings	264	344	-942	-1,872	-889	-296
Net Income	461,873	408,504	353,654	269,799	296,833	131,393
Net Income to Common	461,873	408,504	353,654	269,799	296,833	131,393
Net Income Growth	22.91%	15.51%	31.08%	-9.11%	125.91%	-26.96%
Shares Outstanding (Basic)	1,440	1,505	1,565	1,600	1,634	1,646
Shares Outstanding (Diluted)	1,444	1,522	1,587	1,611	1,641	1,649
Shares Change (YoY)	-6.80%	-4.04%	-1.53%	-1.84%	-0.43%	-0.96%
EPS (Basic)	320.64	271.44	225.98	168.59	181.68	79.83
EPS (Diluted)	319.76	268.32	222.90	167.44	180.83	79.70
EPS Growth	31.89%	20.38%	33.12%	-7.41%	126.89%	-26.25%
Free Cash Flow	613,188	602,412	524,225	416,168	426,477	272,582
Free Cash Flow Per Share	424.52	395.68	330.41	258.28	259.81	165.34
Dividend Per Share	24.500	24.000	23.000	22.000	21.000	20.000
Dividend Growth	4.25%	4.35%	4.54%	4.76%	5.00%	-33.33%
Gross Margin	59.08%	58.63%	57.50%	58.23%	57.46%	50.49%
Operating Margin	16.99%	14.76%	13.13%	11.54%	13.85%	7.80%
Profit Margin	12.83%	11.48%	10.35%	7.87%	10.34%	5.79%
Free Cash Flow Margin	17.04%	16.93%	15.34%	12.13%	14.85%	12.01%
EBITDA	641,606	557,267	483,956	435,364	435,853	297,002
EBITDA Margin	17.83%	15.67%	14.16%	12.70%	15.18%	13.09%
D&A For EBITDA	30,101	32,082	35,437	39,460	38,187	119,991
EBIT	611,505	525,185	448,519	395,904	397,666	177,011
EBIT Margin	16.99%	14.76%	13.13%	11.54%	13.85%	7.80%
Effective Tax Rate	22.52%	22.57%	16.81%	26.13%	22.21%	21.85%
Advertising Expenses	-	317,329	288,922	343,767	289,309	183,891

Source: S&P Global Market Intelligence. Standard template. Financial Sources.