Recruit Holdings raised its net profit forecast for the current fiscal year by 21.2%, adding to its previous record-high forecast. Including first-quarter results, the company raised its full-year revenue and profit outlook.
On 7 August, Recruit Holdings released its IFRS-based results and reported consolidated net profit of ¥202.6 billion for the current fiscal year. Profit rose sharply year on year, while revenue and profit levels also improved on a quarterly basis.
The full-year earnings forecast was raised from the previous ¥623 billion to ¥755 billion, an increase of 21.2%. The operating margin improved significantly year on year in the April-June quarter, and profit growth is now expected to accelerate further.
First-quarter results for the current fiscal year, covering April-June, showed year-on-year revenue growth, while net profit was in the ¥10.6 billion range. The upward revision to the full-year forecast, based on results for the latest three months, is a key feature.