FINANCIALS: Japanese Recruit Group sees revenues rise

Indeed and Glassdoor owner Recruit Group has seen revenue rise 7% year-on-year, according to results for the nine months to 31 December 2018.

According to results released by the Japanese recruitment firm yesterday, group revenue increased to ¥1,730.4m (£12.2m), with Q3 2018 revenue up 6% year-on-year to ¥587m.

The group also saw operating income increase 15.3% for the nine months to 31 December 2018 to ¥192.1m, with Q3 2018 operating income up 12.6% to ¥65.6m on the same period of last year.

However, revenue from the group’s staffing segment was down 1.5% year-on-year in Q3 2018. While revenue from the group’s Japanese operations was up 7.8% amid strong demand for agency workers, revenue from its overseas operations was down 7.4%, which the group attributed mainly to an uncertain outlook for the European economy, the negative impact of foreign exchange rate movements and the adoption of international financial reporting standard IFRS 15.

Meanwhile the group’s HR technology segment saw revenue increase 48.4% in Q3 2018.

Recruit Holdings acquired career site Glassdoor in May last year. It acquired Indeed back in 2012.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is recruiter.editorial@redactive.co.uk

Cordant People teams up with Centrepoint to help get homeless into work

Cordant People, part of Cordant Group, has launched a new partnership with the youth homelessness charity Centrepoint.
 

20 March 2019

DLA Piper's emotional intelligence programme delivers talent benefits

Moves to make your organisation emotionally intelligent can make a big difference to meeting your talent needs, according to the head of talent management at international law firm DLA Piper.

19 March 2019

CONTRACTS & DEALS: 18-22 MARCH 2019

This week’s contracts and deals include: Cornerstone OnDemand, introPROTECT, Simply Jobs Boards, TEAM

Contracts 19 March 2019

NEW TO THE MARKET: 4-8 MARCH 2019

This week’s launches include: CV-Library, FindYourFlex, MyPeople Group, The Access Group, The Linked Inn, Walmsley Wilkinson Associates

New to Market 4 March 2019
Top