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Recruit (company)

From Wikipedia, the free encyclopedia
Recruit Holdings Co., Ltd.
FormerlyUniversity Advertising Co., Ltd. (1960-1963)
Japan Recruit Center Co., Ltd. (1963-1984)
Recruit Co., Ltd. (1984-2012)
Company typePublic (K.K.) (Holding company)
TYO: 6098
IndustryPublished media
Founded1960; 65 years ago (1960)[1]
Headquarters
Tokyo
,
Japan
Key people
Hisayuki Idekoba, President, CEO and Representative Board Director
RevenueIncrease ¥3,416.4 billion (FY 2023)[2]
Increase ¥402.5 billion (FY 2023)[2]
Number of employees
128 (holding company)
58,493 (group) (as of March 31, 2023)[2]
Subsidiaries
Websiterecruit-holdings.com/en/
Recruit Higashi Shinbashi building

Recruit Holdings Co., Ltd. (株式会社リクルートホールディングス, Kabushikigaisha Rikurūto Hōrudingusu) is an HR Tech (human resources technology) holding company headquartered in Tokyo, Japan.

Recruit Group, currently consisting of three autonomous Strategic Business Units (SBUs) and Recruit Holdings, was founded in 1960 by Hiromasa Ezoe, then an educational psychology student at the University of Tokyo, as Daigaku Shimbun Koukokusha (大学新聞広告社, University Newspaper Advertisement Company). It was a spin-off from the Todai Shimbun (the University of Tokyo's main student newspaper).[1][3]

In FY 2024, it reported sales of 3.56 trillion Yen and revenue of 678.8 billion Yen, with more than half of its sales generated overseas.[4] Its flagship world-wide services include the job search engine Indeed and the employer review site Glassdoor. The company is listed on the Tokyo Stock Exchange and is a component of the Nikkei 225 and TOPIX Core 30 indices.[5][6] As of January 2025, the company has the 4th largest market capitalisation in the country of 17.5trillion Yen.[7]

Overview

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Recruit Holdings Co., Ltd. offers a two-sided talent marketplace that drives meaningful connections between job seekers and employers. In Japan, it also focuses on streamlining business essentials from sourcing to marketing through its cloud-based smart solutions including matching platforms and SaaS.

It holds business competitions within the company that all employees can participate in, fostering a corporate culture that encourages freely initiating new ventures. Popular terms such as "freeter (フリーター, freelancing part-timers)", "employment ice age (就職氷河期)", and "gaten-kei (ガテン系, meaning blue-collar jobs)" have originated from information magazines it has published.[8]

Following the Recruit scandal in 1988, which was regarded as one of the largest post-war scandals in Japan, the company faced a loss of credibility, adversity worsened further by the burst of the bubble economy. This led to the manifestation of bad assets issues with subsidiaries such as Recruit Cosmos (real estate) and First Finance (financial services). The entire group found itself in a difficult situation. In June 1992, its shares were transferred to the major supermarket chain Daiei, placing it under the Daiei Group. However, due to deteriorating performance within the Daiei Group, Recruit Holdings separated around the year 2000.[9] At the time when it joined the Daiei Group, Daiei adopted a stance of being a "silent shareholder" without assuming any debts. Consequently, under Kunio Takagi from Daiei, Recruit managed to settle approximately 1.4 trillion yen in interest-bearing debt from the bubble era's real estate and non-bank business failures by the fiscal year ending in March 1994 by itself. Currently, Recruit operates independently of any corporate group, maintaining neutrality while expanding its business operations.[9]

Major Brands

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HR Matching Technologies

  • Indeed: The #1 job site in the world[10] with over 580 million job seeker profiles. Job seekers can search millions of jobs in more than 60 countries and 28 languages.
  • Glassdoor: A leader in workplace transparency. On Glassdoor, professionals can research ratings, reviews, salaries and more at millions of employers, and join communities to engage in candid workplace conversations.
  • Rikunabi: Online matching platform for new graduates
  • Rikunabi NEXT: Online matching platform for mid-career job seekers
  • RECRUIT AGENT: Employment placement service for professionals
  • RECRUIT DIRECT SCOUT: Talent sourcing service for professionals
  • TOWNWORK: Online matching platform and print media for part-time and full-time job seekers

Staffing

  • RGF Staffing: a staffing group providing a diverse range of HR services in Australia, Europe, Japan and the USA.
  • Recruit Staffing: A temporary staffing solutions company focused on large companies in urban areas in Japan, offering support across all occupations and needs.
  • STAFF SERVICE: A Japan-based staffing service company, providing comprehensive temporary staffing and placement solutions for clerical, engineering, IT engineering, medical, manufacturing and light industry, and various other professional positions.
  • Unique: An agency providing a diverse range of HR services in Belgium.
  • Staffmark: An agency providing staffing services in the U.S., focused mainly on light industrial jobs.
  • CSI Companies: A staffing company placing highly qualified talent across a number of industries in the U.S. through its four divisions: CSI Financial, CSI Healthcare IT, CSI Professional, and CSI Tech.
  • Chandler Macleod: A staffing company providing a diverse range of HR and outsourcing services predominantly in Australia and across the APAC region.

Marketing Matching Technologies

  • SUUMO: Online platform, print media, and in-person consultation service for housing and real estate
  • Hot Pepper Beauty: Online platform and print media for beauty treatment
  • Jalan: Online platform and print media for travel in Japan
  • Hot Pepper Gourmet: Online platform and print media for dining
  • Air BusinessTools: Cloud-based operational and management support solutions for business clients across an expanding variety of businesses

History

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  • 2010/7 – The company acquired US-based The CSI Companies
  • 2011/10 – The company acquired US-based Staffmark for US$295 million.[11]
  • 2011/12 – The company acquired Advantage Resourcing Europe (currently RGF Staffing UK)
  • 2012/10 – The company acquired US-based Indeed.[12]
  • 2014/10 – The company listed on the Tokyo Stock Exchange.[13]
  • 2015/1 – Recruit Holdings acquired People Bank Australia
  • 2015/4 – Recruit Holdings acquired Chandler Macleod Group
  • 2015 – Recruit Holdings acquired Treatwell for €180 million.[14]
  • 2015 – Recruit Holdings acquired Quandoo for US$219 million.[15]
  • 2016/6 – Recruit Holdings acquired USG People (currently RGF Staffing) for €1.42 billion.
  • 2016 – Recruit Holdings acquired Simply Hired, a competitor of Indeed.[16]
  • 2018/3 – Recruit Holdings Co., Ltd. acquires the Canadian job search website Workopolis.[17]
  • 2018/6 – Recruit Holdings acquired Glassdoor for US$1.2 billion in cash.[18]
  • 2020/7 – Recruit Holdings Co., Ltd. Relinquishes its stakeholding in Treatwell [19]

References

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  1. ^ a b "History | About | Recruit Holdings". Retrieved January 4, 2022.
  2. ^ a b c "Company Profile".
  3. ^ "リクルートが生まれた場所、東京大学新聞 リクルート創業者 江副浩正氏の「唯一の上司」 - 東大新聞オンライン". www.todaishimbun.org (in Japanese). 2014-11-06. Retrieved 2024-03-24.
  4. ^ "Recruit Group Profile 2024" (PDF). Recruit Holdings Co., Ltd. Retrieved 2024-12-04.{{cite web}}: CS1 maint: url-status (link)
  5. ^ "構成銘柄一覧 － 日経平均プロフィル". indexes.nikkei.co.jp. Retrieved 2024-03-24.
  6. ^ 「TOPIXニューインデックスシリーズ」の定期選定結果及び構成銘柄一覧 jpx.co.jp 2020年10月7日公表 2021年10月8日閲覧。
  7. ^ "日本株 日本企業時価総額上位ランキング - 日本経済新聞". 日本経済新聞 電子版. Retrieved 2025-01-15.
  8. ^ 末永雄大 (2023年9月8日). “リクルート出身の有名人・起業家・社長まとめ！卒業後のキャリアは？”. すべらない転職. アクシス株式会社. 2024年3月14日閲覧。
  9. ^ a b 馬場マコト; 土屋洋『江副浩正』日経BP、2017年12月。ISBN 978-4822258689。
  10. ^ "Group Companies | About | Recruit Holdings". Retrieved 2025-01-15.
  11. ^ "Staffmark Acquired by Japan's Recruit Co. for $295 million". 19 October 2011.
  12. ^ "Indeed Announces Acquisition by Recruit Co. Ltd".
  13. ^ "Recruit Goes Public: What Next for the Staffing and Media Conglomerate?". nippon.com. 2014-11-26. Retrieved 2023-04-13.
  14. ^ O'Hear, Steve (2015-05-05). "Recruit Acquires Majority Stake In European Hair And Beauty Marketplace Wahanda For $171M". TechCrunch. Retrieved 2023-04-13.
  15. ^ "Japan's Recruit Buys European Restaurant Booking Service Quandoo For $219M". 5 March 2015.
  16. ^ Lunden, Ingrid (2016-07-01). "Indeed owner Recruit Holdings confirms acquisition of Simply Hired". TechCrunch. Retrieved 2023-04-13.
  17. ^ "Indeed to acquire Canadian jobs website Workopolis: Recruit Holdings".
  18. ^ Musil, Steven (May 8, 2018). "Glassdoor to be acquired for $1.2B by Japanese HR company". CNET. Retrieved May 8, 2018.
  19. ^ "Companies house filings".
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