Recruit Holdings Co., Ltd. (RCRRF) Q2 2023 Earnings Call Transcript

Recruit Holdings Co., Ltd. (OTCPK:RCRRF) Q2 2023 Earnings Conference Call November 8, 2023 2:00 AM ET

Company Participants

Mizuho Shen – Group Manager, Investor Relations and Public Relations

Junichi Arai – Executive Officer, Corporate Planning

Conference Call Participants

Kenji Fukuyama – UBS Securities

Minami Munakata – Goldman Sachs

Yoshitaka Nagao – BofA Securities Japan

Junko Yamamura – Citigroup Securities

Akitomo Kishimoto – Mizuho Securities

Shinji Tanioka – Macquarie Securities

Jun Kato – CLSA Securities

Eiji Maeda – SMBC Nikko Securities

Haruka Mori – JPMorgan

Mizuho Shen

Welcome to the Recruit Holdings Q2 FY 2023 Earnings Conference Call. This call is a simultaneous translation of the original call in Japanese, and translation is provided for the convenience of investors only.

I am Mizuho Shen, Group Manager of Investor Relations and Public Relations. And joining me today is Junichi Arai, Executive Officer of the Corporate Planning division.The first quarter financial results presentation video and its transcript were uploaded to the IR website at 3:00 p.m. today. So all 50 minutes of today’s session will be used as a Q&A session.

This time, we’ve decided to start the call at 4:00 p.m., which is 1 hour earlier than in the past. This change is intended to speed up the process of uploading the Japanese-English transcript of the call for the benefit of global investors.

Junichi Arai

Thank you very much. And I appreciate your attendance today. We uploaded the IR website, the transcript at 3:00 p.m. today. And so I think you have seen it already. Let me briefly summarize. So for the consolidated full year outlook, the numbers will still be not disclosed because market environment is still unforeseeable. Many things could happen. So we will not disclose the outlook.

On the other hand, in the financial results briefing in May, we said we

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