Mizuho Shen
Investor Relations Executive
Thank you for joining the Recruit Holdings FY 2025 Q3 Earnings Call. I’m Mizuho Shen. Today, Junichi Arai, Executive Vice President and Chief Financial Officer, will give a presentation on results and guidance. Then Keiichi Ushida, who is in charge of Marketing Matching Technologies, will give a presentation on the business, followed by a discussion between Arai and Ushida. After the session, Jun will take questions.
Please note that today’s session, including the Q&A, will be posted on our IR website after the event. The English transcript we release is an adjusted version for clarity and readability, not the live simultaneous interpretation. It will be available within a few hours after the call, and you can access the file directly via this QR code.
Starting this fiscal year, we have integrated HR Solutions from Matching & Solutions into HR Technology. Accordingly, the year-on-year comparison of segment results in this fiscal year’s financial presentation is based on FY 2024 pro forma figures, which assume that this integration had been effective as of April 1, 2024. Unless otherwise stated, comparisons will be made year-over-year. Lastly, please note that all references to dollars in this presentation refer to U.S. dollars.
Junichi Arai
Executive VP & CFO
I will discuss the highlights. In HR Technology, revenue for the second half, particularly in the U.S., has exceeded the outlook we announced last November with both Q3 actuals













