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Recruit Holdings

TSE:6098
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6098
TSE
¥7,505B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

Recruit Holdings Co., Ltd. provides employment information services in Japan and internationally. The last earnings update was 6 days ago. More info.


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6098 Share Price and Events
7 Day Returns
0.1%
TSE:6098
-2%
JP Professional Services
-2.7%
JP Market
1 Year Returns
50.8%
TSE:6098
31.8%
JP Professional Services
4.3%
JP Market
6098 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Recruit Holdings (6098) 0.1% 8.7% 15.6% 50.8% 150.6% 261.7%
JP Professional Services -2% 1.6% 7.7% 31.8% 106.2% 209.3%
JP Market -2.7% -4% -0.9% 4.3% 8.9% 14.7%
1 Year Return vs Industry and Market
  • 6098 outperformed the Professional Services industry which returned 31.8% over the past year.
  • 6098 outperformed the Market in Japan which returned 4.3% over the past year.
Price Volatility
6098
Industry
5yr Volatility vs Market

Value

 Is Recruit Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Recruit Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Recruit Holdings.

TSE:6098 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSE:6098
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.838 (1 + (1- 30.86%) (5.33%))
0.912
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.912 * 6.33%)
5.68%

Discounted Cash Flow Calculation for TSE:6098 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Recruit Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSE:6098 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.68%)
2020 178,868.15 Analyst x8 169,250.31
2021 200,814.96 Analyst x8 179,799.70
2022 226,950.86 Analyst x6 192,274.29
2023 258,550.00 Analyst x4 207,267.10
2024 297,850.00 Analyst x4 225,933.11
2025 324,808.50 Est @ 9.05% 233,134.27
2026 345,299.77 Est @ 6.31% 234,515.46
2027 360,455.34 Est @ 4.39% 231,645.10
2028 371,432.55 Est @ 3.05% 225,864.55
2029 379,250.33 Est @ 2.1% 218,217.98
Present value of next 10 years cash flows ¥2,117,901.00
TSE:6098 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥379,250.33 × (1 + -0.09%) ÷ (5.68% – -0.09%)
¥6,563,907.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥6,563,907.75 ÷ (1 + 5.68%)10
¥3,776,826.52
TSE:6098 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥2,117,901.00 + ¥3,776,826.52
¥5,894,727.52
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥5,894,727.52 / 1,648.63
¥3575.53
TSE:6098 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥3,575.53
Current discount Discount to share price of ¥4,552.00
= -1 x (¥4,552.00 - ¥3,575.53) / ¥3,575.53
-27.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Recruit Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Recruit Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Recruit Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:6098 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥116.83
TSE:6098 Share Price ** TSE (2020-02-20) in JPY ¥4552
Japan Professional Services Industry PE Ratio Median Figure of 81 Publicly-Listed Professional Services Companies 19.55x
Japan Market PE Ratio Median Figure of 3,059 Publicly-Listed Companies 15.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Recruit Holdings.

TSE:6098 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6098 Share Price ÷ EPS (both in JPY)

= 4552 ÷ 116.83

38.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Recruit Holdings is overvalued based on earnings compared to the JP Professional Services industry average.
  • Recruit Holdings is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Recruit Holdings's expected growth come at a high price?
Raw Data
TSE:6098 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
14.4%per year
Japan Professional Services Industry PEG Ratio Median Figure of 40 Publicly-Listed Professional Services Companies 1.72x
Japan Market PEG Ratio Median Figure of 1,270 Publicly-Listed Companies 1.71x

*Line of best fit is calculated by linear regression .

TSE:6098 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 38.96x ÷ 14.4%

2.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Recruit Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Recruit Holdings's assets?
Raw Data
TSE:6098 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥602.36
TSE:6098 Share Price * TSE (2020-02-20) in JPY ¥4552
Japan Professional Services Industry PB Ratio Median Figure of 88 Publicly-Listed Professional Services Companies 2.89x
Japan Market PB Ratio Median Figure of 3,556 Publicly-Listed Companies 1.08x
TSE:6098 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6098 Share Price ÷ Book Value per Share (both in JPY)

= 4552 ÷ 602.36

7.56x

* Primary Listing of Recruit Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Recruit Holdings is overvalued based on assets compared to the JP Professional Services industry average.
X
Value checks
We assess Recruit Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Recruit Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Recruit Holdings expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Recruit Holdings expected to grow at an attractive rate?
  • Recruit Holdings's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Recruit Holdings's earnings growth is expected to exceed the Japan market average.
  • Recruit Holdings's revenue growth is expected to exceed the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:6098 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:6098 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 14.4%
TSE:6098 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 7.4%
Japan Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
Japan Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 8.4%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSE:6098 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:6098 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 3,239,784 417,129 341,852 6
2023-03-31 3,039,582 368,331 292,221 7
2022-03-31 2,809,427 318,623 254,267 12
2021-03-31 2,615,010 286,414 219,538 15
2020-03-31 2,422,472 264,489 192,568 11
2020-02-20
TSE:6098 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 2,390,035 308,295 194,741
2019-09-30 2,368,618 287,453 195,744
2019-06-30 2,339,691 282,914 186,228
2019-03-31 2,310,756 276,960 174,280
2018-12-31 2,286,925 263,727 169,127
2018-09-30 2,253,630 227,630 162,283
2018-06-30 2,214,463 216,318 158,811
2018-03-31 2,173,385 194,117 151,667
2017-12-31 2,156,112 146,372
2017-09-30 2,088,576 173,681 119,642
2017-06-30 1,956,843 108,238
2017-03-31 1,839,987 142,161 85,422

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Recruit Holdings's earnings are expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).
  • Recruit Holdings's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:6098 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Recruit Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:6098 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 205.78 278.60 173.50 6.00
2023-03-31 175.38 219.20 154.90 7.00
2022-03-31 152.87 204.41 137.70 13.00
2021-03-31 131.85 176.87 119.72 16.00
2020-03-31 116.26 125.69 107.43 15.00
2020-02-20
TSE:6098 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 116.83
2019-09-30 117.16
2019-06-30 111.46
2019-03-31 104.31
2018-12-31 101.23
2018-09-30 97.14
2018-06-30 95.06
2018-03-31 90.79
2017-12-31 87.62
2017-09-30 71.62
2017-06-30 64.65
2017-03-31 50.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Recruit Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Recruit Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Recruit Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Recruit Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Recruit Holdings's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Recruit Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Recruit Holdings's 1-year earnings growth is less than its 5-year average (15.1% vs 26.4%)
  • Recruit Holdings's earnings growth has exceeded the JP Professional Services industry average in the past year (15.1% vs 13.8%).
Earnings and Revenue History
Recruit Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Recruit Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:6098 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,390,035.00 194,741.00 956,714.00
2019-09-30 2,368,618.00 195,744.00 930,798.00
2019-06-30 2,339,691.00 186,228.00 909,849.00
2019-03-31 2,310,756.00 174,280.00 877,065.00
2018-12-31 2,286,925.00 169,127.00 856,551.00
2018-09-30 2,253,630.00 162,283.00 822,350.00
2018-06-30 2,214,463.00 158,811.00 787,483.00
2018-03-31 2,173,385.00 151,667.00 756,678.00
2017-12-31 2,156,112.00 146,372.00 691,914.00
2017-09-30 2,088,576.00 119,642.00 675,565.00
2017-06-30 1,956,843.00 108,238.00 649,862.00
2017-03-31 1,839,987.00 85,422.00 630,753.00
2016-12-31 1,749,970.00 84,497.00 618,120.00
2016-09-30 1,666,650.00 79,886.00 593,658.00
2016-06-30 1,651,978.00 59,689.00 580,281.00
2016-03-31 1,588,623.00 64,535.00 554,684.00
2015-12-31 1,503,832.00 68,825.00 542,684.00
2015-09-30 1,419,106.00 73,716.00 511,665.00
2015-06-30 1,338,303.00 73,333.00 484,850.00
2015-03-31 1,299,930.00 69,702.00 464,346.00
2014-03-31 1,191,567.00 65,421.00 484,877.00
2013-03-31 1,049,224.00 71,800.00 394,171.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Recruit Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Recruit Holdings used its assets more efficiently than the JP Professional Services industry average last year based on Return on Assets.
  • Recruit Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Recruit Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Recruit Holdings has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Recruit Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Recruit Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Recruit Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Recruit Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Recruit Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Recruit Holdings Company Filings, last reported 1 month ago.

TSE:6098 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,000,676.00 149,264.00 392,658.00
2019-09-30 1,027,344.00 148,368.00 431,394.00
2019-06-30 984,961.00 160,100.00 394,752.00
2019-03-31 972,250.00 162,081.00 402,911.00
2018-12-31 944,768.00 174,310.00 354,355.00
2018-09-30 941,120.00 176,029.00 335,805.00
2018-06-30 879,472.00 186,269.00 278,314.00
2018-03-31 840,660.00 183,075.00 389,822.00
2017-12-31 840,797.00 200,749.00 362,469.00
2017-09-30 807,611.00 199,581.00 351,438.00
2017-06-30 753,831.00 211,330.00 315,761.00
2017-03-31 778,539.00 212,323.00 346,342.00
2016-12-31 709,468.00 202,350.00 297,241.00
2016-09-30 690,219.00 206,162.00 275,637.00
2016-06-30 720,129.00 35,210.00 106,207.00
2016-03-31 776,999.00 15,000.00 310,917.00
2015-12-31 773,190.00 18,749.00 287,666.00
2015-09-30 767,825.00 30,375.00 277,626.00
2015-06-30 751,592.00 34,135.00 252,919.00
2015-03-31 754,156.00 30,000.00 313,339.00
2014-03-31 546,620.00 56,719.00 187,183.00
2013-03-31 419,247.00 158,419.00 201,461.00
  • Recruit Holdings's level of debt (14.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.2% vs 14.9% today).
  • Debt is well covered by operating cash flow (206.5%, greater than 20% of total debt).
  • Recruit Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Recruit Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Recruit Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Recruit Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.66%
Current annual income from Recruit Holdings dividends. Estimated to be 0.89% next year.
If you bought ¥2,000 of Recruit Holdings shares you are expected to receive ¥13 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Recruit Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.39%).
  • Recruit Holdings's dividend is below the markets top 25% of dividend payers in Japan (3.1%).
Upcoming dividend payment

Purchase Recruit Holdings before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:6098 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Japan Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 1%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2974 Stocks 2.4%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.4%
Japan Top 25% Dividend Yield 75th Percentile 3.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSE:6098 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 59.72 5.00
2023-03-31 51.16 5.00
2022-03-31 43.20 12.00
2021-03-31 37.01 16.00
2020-03-31 32.31 15.00
2020-02-20
TSE:6098 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-02-14 30.000 0.664
2019-11-13 30.000 0.724
2019-06-20 30.000 0.862
2019-05-14 30.000 0.864
2019-02-13 27.000 0.866
2018-11-13 27.000 0.935
2018-06-20 27.000 0.831
2018-05-15 27.000 0.896
2018-02-14 22.000 0.852
2017-11-14 22.000 0.814
2017-06-21 22.000 0.980
2017-05-12 22.000 1.109
2017-02-13 20.000 1.073
2016-06-22 16.667 1.182
2016-05-13 16.667 1.344
2015-06-18 16.667 1.379
2015-05-13 16.667 1.290
2015-02-13 15.667 1.224

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Recruit Holdings is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • Recruit Holdings is not paying a notable dividend for Japan, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Recruit Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Recruit Holdings's dividends as it is not paying a notable one for Japan.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Recruit Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Recruit Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Recruit Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Recruit Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Masumi Minegishi
COMPENSATION ¥280,000,000
AGE 55
TENURE AS CEO 7.8 years
CEO Bio

Mr. Masumi Minegishi has been the Chief Executive Officer and President of Recruit Holdings Co. Ltd since April 2012 and its Representative Director since June 2009. Mr. Minegishi Joined Recruit Co., Ltd. (current Recruit Holdings Co., Ltd.) in April 1987 and served as its Corporate Executive Officer since April 2003 and served as its Managing Corporate Executive Officer since April 2004 and served as its Senior Managing Corporate Executive Officer since April 2011 and subsequently was transferred to a section responsible for new business development in 1992, where he contributed to the launch of the Zexy bridal magazine. In 2003, he was appointed Executive Officer at the age of 39, becoming the youngest Executive Officer at the time. He subsequently assumed the role of Senior Corporate Executive Officer in 2004 and was placed in charge of the housing information business, where he built the SUUMO brand and contributed to the launch of Japan’s largest comprehensive housing information service. After becoming Board Director and Senior Corporate Executive Officer in 2009, he was involved in medium-to long-term planning as the officer in charge of corporate planning and also promoted investment in companies outside Japan as the officer in charge of business department.

CEO Compensation
  • Masumi's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Masumi's remuneration is lower than average for companies of similar size in Japan.
Management Team Tenure

Average tenure and age of the Recruit Holdings management team in years:

3.8
Average Tenure
55
Average Age
  • The tenure for the Recruit Holdings management team is about average.
Management Team

Masumi Minegishi

TITLE
President
COMPENSATION
¥280M
AGE
55
TENURE
7.8 yrs

Keiichi Sagawa

TITLE
CFO, Senior Managing Corporate Executive Officer & Director
COMPENSATION
¥160M
AGE
53
TENURE
3.8 yrs

Shogo Ikeuchi

TITLE
CHRO and Senior Managing Corporate Executive Officer & Board Director
COMPENSATION
¥160M
AGE
57
TENURE
3.8 yrs

Deko Idekoba

TITLE
COO, CSO
TENURE
1.1 yrs

Iwaaki Taniguchi

TITLE
Corporate Executive Officer of Finance/Accounting/Tax
TENURE
2.8 yrs

Ayano Senaha

TITLE
Corporate Executive Officer of Corporate Planning
AGE
37

Yoshihiro Kitamura

TITLE
Managing Corporate Executive Officer and Head of Media & Solution Business
TENURE
4.8 yrs

Graeme Maude

TITLE
Managing Director of Development of International Staffing Business
TENURE
6.1 yrs

Alon Halevy

TITLE
Head of Recruit Institute of Technology
TENURE
4.3 yrs

Rob Zandbergen

TITLE
Managing Corporate Executive Officer & Head of Staffing Business
AGE
61
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Recruit Holdings board of directors in years:

4.2
Average Tenure
56
Average Age
  • The tenure for the Recruit Holdings board of directors is about average.
Board of Directors

Keiichi Sagawa

TITLE
CFO, Senior Managing Corporate Executive Officer & Director
COMPENSATION
¥160M
AGE
53
TENURE
8.7 yrs

Shogo Ikeuchi

TITLE
CHRO and Senior Managing Corporate Executive Officer & Board Director
COMPENSATION
¥160M
AGE
57
TENURE
7.7 yrs

Deko Idekoba

TITLE
COO, CSO
TENURE
0.7 yrs

Naoki Izumiya

TITLE
External Director
AGE
71
TENURE
1.7 yrs

Masumi Minegishi

TITLE
President
COMPENSATION
¥280M
AGE
55
TENURE
10.7 yrs

Hiroki Totoki

TITLE
External Director
AGE
55
TENURE
1.7 yrs

Rony Kahan

TITLE
Director
COMPENSATION
¥184M
AGE
52
TENURE
1.7 yrs

Yukiko Nagashima

TITLE
Standing Audit & Supervisory Board Member
AGE
58
TENURE
3.7 yrs

Akihito Fujiwara

TITLE
Standing Audit & Supervisory Board Member
AGE
57
TENURE
5.7 yrs

Hiroki Inoue

TITLE
External Audit & Supervisory Board Member
AGE
56
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (¥) Value (¥)
X
Management checks
We assess Recruit Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Recruit Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Recruit Holdings Co., Ltd. provides employment information services in Japan and internationally. It operates through HR Technology, Media & Solutions, and Staffing segments. The company operates Indeed.com, which aggregates various job listings from information found on company career pages, job search sites, and other online sources; and Glassdoor, an online job and company information site. It also operates Suumo, a real estate and housing Website; Zexy, a site providing bridal-related information on various wedding venues and dresses, jewelry and accessories, and wedding favors; Study Sapuri Shinro, a Website that offers educational information to guide high school students and their families; and Car Sensor, which provides information for purchasing or replacing a vehicle. In addition, the company operates Jalan, a site offering travel information and accommodation booking for travel in Japan; Hot Pepper Gourmet, an online booking site to search and book restaurants, read up on restaurant information, and find restaurant coupons; Hot Pepper Beauty, a domestic search and booking site for hair, relaxation, and beauty salons; AirRegi, a POS cash register app; Rikunabi, a job information site for soon-to-be graduates; Rikunabi Next, a job portal site for people looking to change jobs; Recruit Agent, an employment agency staffed with career advisors; From A Navi, a part-time job openings Website; and Townwork, a magazine that provides information on job openings in local communities. Further, it offers temporary clerical and IT staffing agency services; light industrial staffing services; staffing and human capital outsourcing services; IT and digital recruitment services specializing in contracting and permanent recruitment; and human resources services, products, and technologies to organizations and individuals. The company was founded in 1960 and is headquartered in Tokyo, Japan.

Details
Name: Recruit Holdings Co., Ltd.
6098
Exchange: TSE
Founded: 1960
¥7,504,557,865,160
1,648,628,705
Website: http://recruit-holdings.com
Address: Recruit Holdings Co., Ltd.
1-9-2 Marunouchi,
Chiyoda-ku,
Tokyo,
100-6640,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6098 Common Shares The Tokyo Stock Exchange JP JPY 16. Oct 2014
OTCPK RCRR.F Common Shares Pink Sheets LLC US USD 16. Oct 2014
DB 1RH Common Shares Deutsche Boerse AG DE EUR 16. Oct 2014
OTCPK RCRU.Y UNSPONSORD ADR Pink Sheets LLC US USD 11. Jul 2017
Number of employees
Current staff
Staff numbers
45,856
Recruit Holdings employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 16:35
End of day share price update: 2020/02/20 00:00
Last estimates confirmation: 2020/02/18
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.