Recruit Group sees net sales increase of 13.6%
Operating results during the three months ended June 30th, 2015, although recovery of personal consumption continued to be weak, the Japanese economy was on a moderate recovery track amid factors such as continuing improvement in corporate business results and the employment situation against a backdrop of yen depreciation and higher stock prices due to the government’s economic measures and monetary easing by the Bank of Japan, etc. Under this environment, the group continued to strengthen existing operations in Japan as well as driving forward with global expansion.
Staffing segment In the three months ended June 30th, 2015, the staffing segment recorded net sales of ¥184.2 billion (a year-on year increase of 13.6%) and segment income (segment EBITDA) of ¥10.5 billion (a year-on-year increase of 16.1%). Overview of main operations is as follows.
I. Domestic staffing operations In the domestic staffing operations, the staffing market continues to enjoy a moderate expansion trend as evidenced by the number of active agency workers for the current and previous six consecutive quarters being higher than that for the same periods of the previous fiscal year. Under this environment, net sales were favorable at Recruit Staffing Co., Ltd. due to continuous strengthening of the sales operations in the administrative and IT division in the Tokyo metropolitan area. At STAFF SERVICE HOLDINGS CO., LTD., net sales were solid mainly in the administrative, medical and engineering Recruit Holdings Co., Ltd. - 4 - divisions, as a result of factors such as focusing on continuation of existing staffing contracts and an increase in the number of new staffing contracts. As a result, net sales in the domestic staffing operations were ¥100.5 billion (a year-on-year increase of 4.8%). II. Overseas staffing operations In overseas staffing operations, the staffing market in North America and Europe continues to enjoy a moderate expansion trend. Under this environment, net sales were favourable, reflecting the impact of yen depreciation and other factors, while business results of Peoplebank Holdings Pty Ltd, which engages in the staffing business in Australia, contributed to business results of the segment from the three months ended June 30th, 2015. As a result, net sales in the overseas staffing operations were ¥83.7 billion (a year-on-year increase of 26.3%).