Recruit Holdings Posts Higher Profit, Revenue in Fiscal Q1
Recruit Holdings' (TYO:6098) earnings for the first quarter of the 2026 fiscal year rose as the job market in the U.S. became more stable amid the easing of geopolitical tensions.Profit attributable to owners jumped 68% to 202.6 billion Japanese yen from 120.9 billion yen a year earlier, with diluted earnings per share climbing 73% year on year to 144.56 yen from 83.24 yen, the Japanese human resources technology company said in its earnings report published Friday.Revenue for the three months ending June 30 rose 19% to 1.045 trillion yen from 878.8 billion yen in the previous year. The HR technology segment has the biggest share in the group's revenue, with its revenue jumping 21% year on year to $2.85 billion.HR Tech's revenue in the U.S. rose 30% as labor productivity increased by 1.4% in the second quarter of the year. The nonfarm business sector's labor costs rose 1.3%, showing a 2.7% rise in hourly compensation and a 1.4% increase in productivity, according to data from the U.S. Bureau of Labor Statistics on Thursday.The company's revenue in Europe for the same segment climbed 29%, while in Japan, it increased 6.7%.No dividend was declared for the period.The company increased its outlook for the entire 2026 fiscal year. The attributable profit is expected to rise 52% year on year to 755 billion yen, with a basic EPS of 543 yen, and revenue will climb 14% year on year to 4.230 trillion yen.The current forecast is higher than the one published on May 15, where attributable profit was expected to be 623 billion yen, with a basic EPS of 447.00 yen, and revenue of 4.030 trillion yen.
