Recruit (company)

Recruit Holdings Co., Ltd.
Public
Traded as TYO: 6098
Industry Advertisement, Publication
Founded August 26, 1963
Headquarters Tokyo, Japan
Key people
 Masumi Minegishi, President, CEO and Representative Board Director
Revenue 1588.6 billion Yen (consolidated ordinary income) (Fiscal year ended March 31, 2016)[1]
Number of employees
 456 (holding company), 38,451 (group) (as of March 31, 2016)[1]
Website Official website
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) is a classified advertisement, publication and human resources company in Japan, founded in 1963 originally as an advertisement company specialized in university newspapers.

History

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.

The company was one of the market to leader to implement "new business competition" among the employees and its unique concept has been giving opportunity for them to start up a new business with in the group. It is also known for creating many buzz words such as " Freeter" "Shushoku-hyogaki" and "Gaten-kei" fom their publications.

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 share being sold to Daiei, from which it became independent in 2000.

After becoming a part of Daiei group, Daiei agreed to keep its stance as a "silent stakeholder" but didn't assume Recruit's debt. In this event a few board members were sent to the company including Isao Nakamuchi and Ikuo Takagi under whose direction and supervise, the company has paid off the debt which was about 1 trillion 4 hundred million yen. After this, the company has not belong to any organisations or group company and remaining in neutral as an information service company.

Joint purchasers including "Cosmos Initia Co., Ltd.” (former Recruit Cosmos) has made successful bid for 424 properties since 2004 from former Japan post.

While expanding its channel for distribution information from paper publication to the net and mobile, the company has been pushing for a shift of their revenue from advertisement to "real" human resource provisioning. As a result, its share of consolidated revenue from human resource related business in fiscal ending 2008 has grown to 44.9% from 24.2% in 2005.

The company is currently headquartered in Marunouchi, in Chiyoda, Tokyo.

In June 2012 it was announced that Recruit plans to go public within the next year. A holding company will be established in October 2012, and it will be listed on either the Tokyo Stock Exchange or another exchange.[2]

The company has become a holding company in October 2014, businesses have been inherited to the following subsidiaries.

Services

Websites

Publications

Recruit's publications include these:

Free papers

Scandal

Group companies

See also

References

  1. 1 2 "Company Profile". Recruit Holdings Global Website. Retrieved 2016-07-17.
  2. ↑ "Recruit to go public more than 20 years after scandal". The Yomiuri Shimbun. June 27, 2012. Retrieved August 7, 2012.
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