Recruit Holdings Co., Ltd.

Headquarters at GranTokyo in Marunouchi, Chiyoda, Tokyo
Company type	Public (K.K.)
Traded as	TYO: 6098
Industry	Published media
Founded	1960; 64 years ago (1960)[1]
Headquarters	Tokyo , Japan
Key people	Hisayuki Idekoba, President, CEO and Representative Board Director
Revenue	¥2.27 trillion (FY 2020)[2]
Operating income	¥162 billion (FY 2020)[2]
Number of employees	138 (holding company) 46,800 (group) (as of March 31, 2021)[2]
Subsidiaries	Indeed Glassdoor Recruit Co., Ltd. Recruit Staffing RGF Staffing B.V.
Website	recruit-holdings.com

Recruit Holdings Co., Ltd. (株式会社リクルートホールディングス, Kabushikigaisha Rikurūto Hōrudingusu), also known as RGF (an acronym for Recruit Global Family) outside Japan,^[3] is a Japanese human resources company. It was founded as "Daigaku Shimbun Koukokusha" in 1960^[1] as an advertisement company that specialized in university newspapers. It owns the job search engine Indeed and the employer review site Glassdoor.

It had sales of over 2,269.3 billion Yen in FY2020,^[4] with overseas sales contributing 46% of total revenue.

History

• 2011/10 – The company acquired US-based Staffmark for US$295 million.^[5]
• 2012/10 – The company acquired US-based Indeed.^[6]
• 2014/10 – The company listed on the Tokyo Stock Exchange.^[7]
• 2015 – Recruit Holdings acquired Treatwell for €180 million.^[8]
• 2015 – Recruit Holdings acquired Quandoo for US$219 million.^[9]
• 2016 – Recruit Holdings acquired USG People for €1.42 billion.
• 2016 – Recruit Holdings acquired Simply Hired, a competitor of Indeed.^[10]
• 2018/3 – Recruit Holdings Co., Ltd. acquires the Canadian job search website Workopolis.^[11]
• 2018/5 – Recruit Holdings acquired Glassdoor for US$1.2 billion in cash.^[12]
• 2020/7 – Recruit Holdings Co., Ltd. Relinquishes its stakeholding in Treatwell ^[13]

Overview

The company based its core business around job matchmaking particularly between ready-to-graduate students and corporations in the '60s, further expanding into matchmaking of job change seekers, as well as real estate and rental information in the 1970s. By the end of the 1980s, the company was also engaged in the publication of classified ad magazines covering fields such as part-time job listings, automobile and overseas travel.^{[citation needed]}

In 1988, the company was reported to be engaged in the Recruit scandal, which led to the retirement of founder Hiromasa Ezoe from the company and his shares being sold to Daiei.^{[citation needed]}

After becoming a part of Daiei group, Daiei agreed to keep its stance as a "silent stakeholder" but didn't assume Recruit's debt, which totaled approximately 1,400.2 billion yen.^[14]

In June 2012, it was announced that Recruit planned to go public within a year. A holding company was established in October 2012, and it expected to list on either the Tokyo Stock Exchange or another exchange.^[15] Following repayment of debt repayment and the purchase of some of the shares held by Daiei,^[16] Recruit listed on the First Section of the Tokyo Stock Exchange on October 16, 2014.^[14]