Decline in Recruitment Placement Demand Due to Economic Downturn and Reduced Corporate Hiring Appetite
First written in FY2020. 9 of 18 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 13 of 20 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「The effective job-offers-to-applicants ratio was 1.18, remaining high. In the graduate recruitment market, the ratio of job openings to university graduates for graduates of 2027, published by Recruit Works Institute, was 1.62, indicating that solid hiring demand continues.」
Although the job-openings ratio declined from the previous period, it remained high, and the company stated that demand for graduate recruitment remained solid, maintaining its assessment of the environment surrounding the risk of lower hiring demand. - FY2026RestatedAnnual report
「The average effective job-offers-to-applicants ratio for 2025 was 1.22, down 0.03 points year on year, but remained at a high level.」
Although the job-openings ratio declined, it remained high, and the company presented the same assessment of the environment surrounding the risk of lower hiring demand as before. - FY2025MitigatedAnnual report
「The average effective job-offers-to-applicants ratio for 2024 was 1.25, down 0.06 points year on year, but remained high. In the graduate recruitment market, the ratio of job openings to university graduates for graduates of 2025, published by Recruit Works Institute, rose 0.04 points year on year to 1.75, indicating that robust hiring demand continues.」
Although the effective job-offers-to-applicants ratio declined, it remained high, while the graduate job-openings ratio rose to 1.75. The company states that the environment surrounding the risk of lower hiring demand continues to improve. - FY2025-H1RestatedAnnual report
「The effective job-offers-to-applicants ratio rose 0.01 point from the previous month to 1.24, remaining at a high level.」
It states that, although the effective job-offers-to-applicants ratio declined from the previous period to 1.24, demand for job openings remained high. - FY2024-Q2MitigatedAnnual report
「The effective job-offers-to-applicants ratio fell 0.01 points from the previous month to 1.29, but the monthly number of effective job openings remained high. In the graduate recruitment market, the ratio of job openings to university graduates for graduates of 2024, published by Recruit Works Institute, rose 0.13 points year on year to 1.71, returning to the pre-pandemic level and indicating robust demand.」
It states that, although the effective job-offers-to-applicants ratio declined slightly, demand for job openings remained high and the ratio of job openings to university graduates for graduates of 2024 returned to the pre-pandemic level at 1.71. - FY2024-Q1MitigatedAnnual report
「In Japan's employment environment, according to the Ministry of Health, Labour and Welfare's report titled "Regarding the General Employment Placement Service Statistics for May 2023," the effective job-offers-to-applicants ratio was 1.32, and a gradual recovery continued.」
The company states that the gradual recovery in employment conditions has continued and that the environment surrounding the risk of lower demand for recruitment services due to recession and reduced corporate hiring appetite is improving. - FY2023MitigatedAnnual report
「In its core education-integrated recruitment service "Shushoku College®," the number of companies participating in matching events with job seekers has recovered to the pre-pandemic level alongside the recovery in job openings, and business performance has continued to recover, albeit gradually.」
It states that, as job openings recovered, the number of companies participating in matching events returned to the pre-pandemic level and business performance was also on a recovery trend. - FY2023-Q3MitigatedAnnual report
「In its core education-integrated recruitment service "Shushoku College®," business performance has remained on a gradual recovery trend since the fourth quarter of the previous fiscal year, alongside the recovery in the number of job openings.」
It states that the recovery trend in Shushoku College's business performance, driven by the recovery in the number of job openings, has continued since the previous fourth quarter. - FY2023-Q2MitigatedAnnual report
「In its core education-integrated recruitment service "Shushoku College®," business performance has remained on a recovery trend since the fourth quarter of the previous fiscal year, alongside the recovery in the number of job openings.」
It states that the recovery trend in the education-integrated recruitment services business, driven by the recovery in the number of job openings, has continued since the previous fourth quarter. - FY2023-Q1MitigatedAnnual report
「In its core education-integrated recruitment services, including "Shushoku College®," "Joshi College®" and "Second College®," business performance has remained on a recovery trend since the fourth quarter of the previous fiscal year, alongside the recovery in the number of job openings.」
It states that, as the number of job openings recovered, business performance in the education-integrated recruitment services business has been on a recovery trend since the previous quarter. - FY2022RestatedAnnual report
「If market conditions deteriorate, companies' willingness to hire declines significantly and the economy enters a recession, the group's operating results and financial position may be affected by lower demand for recruitment services.」
Although employment conditions were on a recovery trend, the company continued to disclose the risk of lower demand due to deteriorating market conditions and reduced hiring appetite. - FY2022-Q3MitigatedAnnual report
「During the first nine months of the fiscal year, in addition to efforts to strengthen the sales structure and management, the gradual recovery in employment conditions brought the number of companies participating in matching events with job seekers to approximately 80% of the pre-pandemic level in recent months」
It states that, driven by a gradual recovery in employment conditions and stronger sales operations and management, the number of companies participating in matching events recovered to approximately 80% of the pre-pandemic level. Although the impact of lower hiring demand remained, recovery progressed from the previous quarter. - FY2022-Q2MitigatedAnnual report
「During the first six months of the fiscal year, the number of job openings was recovering, albeit gradually, and revenue was ¥953.678 million, down 3.0% year on year. Revenue recovered to a level close to that of the same period of the previous fiscal year, including the first quarter, when the impact of COVID-19 was limited.」
The number of job openings began recovering gradually, and revenue from the education-integrated recruitment services business recovered to a year-on-year decline of 3.0%, although the impact of the pandemic remained. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the number of job openings was showing signs of recovery, but the impact of COVID-19 on corporate hiring activities continued. Revenue was ¥443.885 million, down 25.7% year on year, a substantial decline from the first quarter of the previous fiscal year, when the impact of COVID-19 was still limited.」
Although it acknowledged signs of recovery in the number of job openings, it stated that the impact of the pandemic on corporate hiring activities continued and revenue from the education-integrated recruitment services business fell 25.7% year on year. - FY2021-Q3WorsenedAnnual report
「In the education-integrated recruitment services business, postponements of hiring by client companies and a marked decline in the number of job openings in the market became evident after the state of emergency was declared in April. As a result, the number of placements declined substantially, mainly during the second quarter of the fiscal year, and consolidated revenue fell sharply from the second to the third quarter.」
In addition to postponed hiring by client companies and a decline in job openings, it reports a substantial decrease in placements and a sharp decline in consolidated revenue, providing further detail on the business impact of lower hiring demand. - FY2021-Q2MaterialisedAnnual report
「In the education-integrated recruitment services business, the number of client companies with job openings declined markedly.」
Regarding the previously anticipated decline in hiring appetite, it states that the actual business impact was a marked decrease in the number of client companies with job openings. - FY2021-Q1WorsenedAnnual report
「The effective job-offers-to-applicants ratio was at approximately the level seen in April 2016. Although companies' willingness to hire remained high, the ratio declined for the fourth consecutive month.」
The risk environment related to recession and reduced hiring appetite has deteriorated due to a rapid weakening in business sentiment and the effective job-offers-to-applicants ratio declining for four consecutive months. - FY2020First statedAnnual report
「If market conditions deteriorate, companies' willingness to hire declines significantly and the economy enters a recession, the group's operating results and financial position may be affected by lower demand for recruitment services.」
It identifies the risk that the recruitment services industry may be affected by economic and employment conditions, with reduced hiring appetite leading to lower demand.