Interim report
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PRECRUIT Recruit Holdings Co. , Ltd. ( TSE 6098 ) Consolidated Financial Results for Q1 FY2026 Recruit Holdings Co. , Ltd. ( TSE 6098 ) Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( IFRS ) August 7 , 2026 Tokyo , August 7 , 2026 - Recruit Holdings Co. , Ltd. announced today its consolidated financial results for the three months ended June 30 , 2026 ( April 1 , 2026 to June 30 , 2026 ) Consolidated Operating Results Three Months Ended June 30 , % change ( In billions of yen , unless otherwise stated ) 2025 2026 Revenue 878.8 1,045.3 18.9 % EBITDA + S 187.1 292.8 56.5 % Operating income 153.7 255.4 66.1 % Profit before tax 158.9 263.5 65.8 % Profit for the period 120.9 202.5 67.5 % Profit attributable to owners of the parent 120.9 202.6 67.5 % Total comprehensive income 90.8 231.7 155.0 % Basic EPS ( yen ) 83.97 145.48 73.2 % Diluted EPS ( yen ) 83.24 144.56 73.7 % EBITDA + S = operating income + depreciation and amortization ( excluding depreciation of right - of - use assets ) + share - based payment expenses ± other operating income / expenses Consolidated Financial Position ( In billions of yen , unless otherwise stated ) Total assets Total equity Equity attributable to owners of the parent Ratio of equity attributable to owners of the parent ( % ) Dividends ( In yen ) At the end of Q1 At the end of Q2 At the end of Q3 At the end of Q4 Total As of March 31 , 2026 As of June 30 , 2026 2,789.0 2,909.6 1,594.5 1,787.7 1,583.3 1,774.6 56.8 61.0 FY2025 FY2026 FY2026 ( Guidance ) 12.50 13.00 12.50 25.00 Consolidated Financial Guidance for FY2026 The Company has revised the financial guidance for FY2026 from the figures announced on May 15 , 2026 as below . 13.00 26.00 FY2026 Full - year % change ( In billions of yen , unless otherwise stated ) Guidance Revenue 4,230.0 14.4 % Gross Profit 2,595.0 18.6 % EBITDA + S 1,105.0 39.1 % Operating income 945.0 49.9 % Profit attributable to owners of the parent 755.0 51.9 % Basic EPS ( yen ) 543.00 55.2 % Please refer to page 5 , Qualitative Information on Consolidated Financial Guidance for more details . 1
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 Changes in Significant Subsidiaries Resulting from Change in Scope of Consolidation There were no changes in significant subsidiaries resulting from changes in the scope of consolidation. Changes in Accounting Policies and Changes in Accounting Estimates There has been no change in: (1) accounting policies required by IFRS, (2) accounting policies other than the foregoing item (1), and (3) accounting estimates. Number of Issued Shares - Common Stock As of March 31, 2026 As of June 30, 2026 Number of issued shares including treasury stock 1,472,504,149 1,472,504,149 Number of treasury stock 1 76,290,824 80,332,780 Three Months Ended June 30, 2025 Three Months Ended June 30, 2026 Average number of shares during the period 1,440,158,326 1,392,734,530 1 The number of treasury stock 80,332,780 as of June 30, 2026 includes treasury stock held by the Company (35,531,650 shares) and the Company’s stock held in the trust account of the Board Incentive Plan (“BIP”) trust and the Employee Stock Ownership Plan (“ESOP”) trust (44,801,130 shares). Definition of the Abbreviation Abbreviation Definition Recruit Holdings, the Holding Company Recruit Holdings Co., Ltd. on a standalone basis the Company, Recruit Group, We, Our Recruit Holdings Co., Ltd. and its consolidated subsidiaries Q1 Three-month period from April 1 to June 30 FY2025 Fiscal year from April 1, 2025 to March 31, 2026 FY2026 Fiscal year from April 1, 2026 to March 31, 2027 Supplementary Information All comparisons in this report are year over year unless otherwise stated. Average Exchange Rate during the Period FY2025 FY2026 (In yen) Q1 Q2 Q3 Q4 Q1 US dollar 144.48 147.47 154.07 156.92 159.38 Euro 163.91 172.38 179.36 183.61 185.27 Australian dollar 92.57 96.48 101.16 108.96 113.06 2
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 The Japanese-language originals of the attached consolidated quarterly financial statements have been voluntarily reviewed by certified public accountants or an audit firm. Forward-Looking Statements This document contains forward-looking statements, which reflect the Company's assumptions and outlook for the future and estimates based on information available to the Company and the Company's plans and expectations as of the date of this document or other date indicated. There can be no assurance that the relevant forecasts and other forward-looking statements will be achieved. Please note that significant differences between the forecasts and other forward-looking statements and actual results may arise due to various factors, many of which are outside the Company’s control, including changes in economic conditions, changes in individual users’ preferences and business clients' needs, competition, changes in the legal and regulatory environment including changes in laws and regulations or guidance, interpretation, enforcement or practice relating to laws and regulations, fluctuations in foreign exchange rates, climate change or other changes in the natural environment, the occurrence of large-scale natural disasters, and other factors. Accordingly, readers are cautioned against placing undue reliance on any such forward-looking statements. The Company has no obligation to update or revise any information contained in this document based on any subsequent developments except as required by applicable law or stock exchange rules and regulations. Note Regarding Reference Translation This document has been translated from the Japanese language original for reference purposes only and may not be used or disclosed for any other purpose without the Company’s prior written consent. In the event of any conflict or discrepancy between this translated document and the Japanese language original, the Japanese language original shall prevail in all respects. The Company makes no representations regarding the accuracy or completeness of this translation and assumes no responsibility for any losses or damages arising from the use of this translation. Third-Party Information This document includes information derived from or based on third-party sources, including information about the markets in which we operate. These statements are based on statistics and other information from third-party sources as cited herein, and the Company has not independently verified and cannot assure the accuracy or completeness of any information derived from or based on third-party sources. U.S. Disclaimer – Unsponsored American Depositary Receipt (“ADR“) The Company does not support or encourage, and has not consented to, the creation of any unsponsored ADR facilities in respect of its securities and in any event disclaims any liability in connection with an unsponsored ADR. The Company does not represent to any depositary institution, bank or anyone nor should any such entity rely on a belief that the Web site of the Company includes all published information in English, currently, and on an ongoing basis, required to claim an exemption under U.S. Exchange Act Rule 12g3-2(b). A full set of materials regarding Q1 FY2026 results announcement is posted on https://recruit-holdings.com/en/ir/financials/ Contact Investor Relations +81-3-3511-6383 Recruit_HD_IR@r.recruit.co.jp 3
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 Table of Contents 1. Management’s Discussion and Analysis 4 2. Qualitative Information on Consolidated Financial Guidance 5 3. Condensed Quarterly Consolidated Financial Statements and Primary Notes 7 Condensed Quarterly Consolidated Statements of Financial Position 7 Condensed Quarterly Consolidated Statements of Profit or Loss 8 Condensed Quarterly Consolidated Statements of Comprehensive Income 9 Condensed Quarterly Consolidated Statements of Changes in Equity 10 Condensed Quarterly Consolidated Statements of Cash Flows 12 Notes to Condensed Quarterly Consolidated Financial Statements 13 Independent Auditor’s Report on the Interim Review of Quarterly Consolidated Financial Statements 16 1. Management’s Discussion and Analysis For Q1 FY2026 results, please refer to TDnet or “FY2026 Q1 Consolidated Results” on the Company’s IR website disclosed at 3:30 pm JST on August 7, 2026. https://recruit-holdings.com/en/ir/ There are no significant matters regarding Analysis of Consolidated Financial Position. 4
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 2. Qualitative Information on Consolidated Financial Guidance Based on the Q1 FY2026 results and the outlook for Q2 FY2026 and onward for HR Technology significantly exceeding the Company’s prior assumptions, the Company has revised the segment outlook and the full-year consolidated financial guidance for FY2026 announced on May 15, 2026. Staffing progressed largely in line with the full-year outlook for FY2026 announced on May 15, 2026; therefore, the Company has made only minor adjustments to the segment outlook. Marketing Matching Technologies has no changes to the full-year outlook for FY2026 announced on May 15, 2026. The foreign exchange rate assumptions for FY2026 are 159 yen per US dollar, 184 yen per Euro and 112 yen per Australian dollar, revised from the assumptions announced on May 15, 2026. The total amount of share-based payment expenses for consolidated financial results for FY2026 is expected to be 78.9 billion yen, and the total amount of share-based payment expenses for HR Technology is expected to be approximately 470 million US dollars, revised from the outlook announced on May 15, 2026. Staffing in Japan was subject to an on-site inspection by the Japan Fair Trade Commission in June 2026 in connection with suspected violations of the Antimonopoly Act. As the Company is currently cooperating with the inspection, it is difficult to reasonably estimate the financial impact at this time. Accordingly, this guidance does not reflect any such impact. Consolidated Guidance REVISED FY2026 Guidance (as of August 2026) FY2026 Guidance (as of May 2026) ( In billions of yen) % change % change Revenue 4,230.0 14.4% 4,030.0 9.0% Gross Profit 2,595.0 18.6% 2,424.0 10.8% EBITDA+S 1,105.0 39.1% 949.0 19.5% Operating income 945.0 49.9% 787.0 24.8% Profit attributable to owners of the parent 755.0 51.9% 623.0 25.4% Basic EPS (yen) 543.00 55.2% 447.00 27.8% HR Technology REVISED FY2026 Outlook (as of August 2026) FY2026 Outlook (as of May 2026) ( In billions of yen, unless otherwise stated) % change % change Revenue (in millions of US dollars) US 6,650 25.1% 6,035 13.6% Europe and Others 2,520 23.2% 2,395 17.1% Japan 2,315 0.0% 2,308 -0.2% Total 11,485 18.7% 10,738 11.0% Revenue (in billions of yen) US 1,055.0 31.6% 929.3 15.9% Europe and Others 400.0 29.6% 368.8 19.5% Japan 367.0 5.4% 355.5 2.1% Total 1,822.0 24.9% 1,653.7 13.4% EBITDA+S 834.0 51.6% 677.4 23.2% EBITDA+S margin 45.8% - 41.0% - Staffing REVISED FY2026 Outlook (as of August 2026) FY2026 Outlook (as of May 2026) ( In billions of yen) % change % change Revenue Japan 873.0 3.1% 873.0 3.1% Europe, US, and Australia 958.0 11.8% 929.5 8.5% Total 1,831.0 7.5% 1,802.5 5.8% EBITDA+S 102.5 2.8% 100.5 0.8% EBITDA+S margin 5.6% - 5.6% - 5
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 Marketing Matching Technologies There is no change to the full-year outlook for FY2026 for Marketing Matching Technologies announced on May 15, 2026. (In billions of yen) FY2026 Outlook (as of August 2026) % change Revenue 605.0 7.1% EBITDA+S 181.5 17.1% EBITDA+S margin 30.0% - 6
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 3. Condensed Quarterly Consolidated Financial Statements and Primary Notes Condensed Quarterly Consolidated Statements of Financial Position (In millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and cash equivalents 725,578 853,046 Trade and other receivables 639,268 636,475 Other financial assets 75,697 79,326 Other assets 114,627 118,179 Total current assets 1,555,172 1,687,027 Non-current assets Property and equipment 57,178 55,095 Right-of-use assets 135,188 127,481 Goodwill 553,304 561,500 Intangible assets 163,291 161,289 Investments in associates and joint ventures 2,372 2,013 Other financial assets 135,323 140,242 Deferred tax assets 173,174 162,094 Other assets 14,011 12,899 Total non-current assets 1,233,845 1,222,616 Total assets 2,789,018 2,909,644 (In millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities and equity Liabilities Current liabilities Trade and other payables 425,541 385,974 Lease liabilities 44,020 45,031 Other financial liabilities 1,868 6,108 Income tax payables 66,472 56,293 Provisions 20,091 12,103 Other liabilities 317,320 301,959 Total current liabilities 875,314 807,471 Non-current liabilities Borrowings 645 658 Lease liabilities 141,610 133,138 Other financial liabilities 583 568 Provisions 19,554 19,829 Net liability for retirement benefits 62,716 60,004 Deferred tax liabilities 85,559 91,413 Other liabilities 8,474 8,852 Total non-current liabilities 319,145 314,466 Total liabilities 1,194,459 1,121,937 Equity Equity attributable to owners of the parent Common stock 40,000 40,000 Share premium - 7,564 Retained earnings 1,371,067 1,555,611 Treasury stock (414,455) (454,980) Other components of equity 586,709 626,486 Total equity attributable to owners of the parent 1,583,321 1,774,682 Non-controlling interests 11,236 13,024 Total equity 1,594,558 1,787,707 Total liabilities and equity 2,789,018 2,909,644 7
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 Condensed Quarterly Consolidated Statements of Profit or Loss Three Months Ended June 30, (In millions of yen, unless otherwise stated) 2025 2026 Revenue 878,839 1,045,350 Cost of sales 356,983 401,822 Gross profit 521,856 643,527 Selling, general and administrative expenses 375,100 389,173 Other operating income 8,558 3,835 Other operating expenses 1,579 2,776 Operating income 153,734 255,413 Share of profit (loss) of associates and joint ventures (1,956) 61 Finance income 8,785 9,667 Finance costs 1,617 1,606 Profit before tax 158,946 263,535 Income tax expense 38,035 61,008 Profit for the period 120,910 202,527 Profit attributable to: Owners of the parent 120,936 202,618 Non-controlling interests (25) (91) Profit for the period 120,910 202,527 Earnings per share attributable to owners of the parent Basic earnings per share (yen) 83.97 145.48 Diluted earnings per share (yen) 83.24 144.56 8
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 Condensed Quarterly Consolidated Statements of Comprehensive Income Three Months Ended June 30, (In millions of yen) 2025 2026 Profit for the period 120,910 202,527 Other comprehensive income Items that will not be reclassified to profit or loss: Net change in equity instruments measured at fair value through other comprehensive income 3,665 (614) Remeasurements of defined retirement benefit plans - - Share of other comprehensive income of associates and joint ventures (422) - Subtotal 3,242 (614) Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of foreign operations (33,264) 29,887 Effective portion of changes in fair value of cash flow hedges 11 1 Net change in debt instruments measured at fair value through other comprehensive income (6) (12) Subtotal (33,259) 29,876 Other comprehensive income (loss) for the period, net of tax (30,016) 29,262 Comprehensive income for the period 90,894 231,789 Comprehensive income attributable to: Owners of the parent 90,996 231,866 Non-controlling interests (101) (77) Comprehensive income for the period 90,894 231,789 9
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 Condensed Quarterly Consolidated Statements of Changes in Equity For the Three Months Ended June 30, 2025 (In millions of yen) Equity attributable to owners of the parent Common stock Share premium Retained earnings Treasury stock Other components of equity Share-based payments Exchange differences on translation of foreign operations Effective portion of changes in fair value of cash flow hedges Balance as of April 1, 2025 40,000 - 1,606,348 (515,363) 98,619 387,986 - Profit (loss) for the period 120,936 Other comprehensive income (33,227) 11 Comprehensive income for the period - - 120,936 - - (33,227) 11 Purchase of treasury stock (193) (325,831) Disposal of treasury stock 5,400 14,941 (18,880) Dividends (17,600) Share-based payments 27,567 Equity transactions with non-controlling interests Transfer from other components of equity to retained earnings 3,281 Transfer to non-financial assets (7) Transactions with owners - total - 5,206 (14,318) (310,890) 8,686 - (7) Balance as of June 30, 2025 40,000 5,206 1,712,967 (826,253) 107,305 354,759 4 10 (In millions of yen) Equity attributable to owners of the parent Non-controlli ng interests Total equity Other components of equity Total Net change in debt instruments measured at fair value through other comprehens ive income Net change in equity instruments measured at fair value through other comprehen sive income Remeasure- ments of defined retirement benefit plans Total Balance as of April 1, 2025 (9) - - 486,596 1,617,582 9,777 1,627,360 Profit (loss) for the period - 120,936 (25) 120,910 Other comprehensive income (6) 3,281 - (29,940) (29,940) (75) (30,016) Comprehensive income for the period (6) 3,281 - (29,940) 90,996 (101) 90,894 Purchase of treasury stock - (326,025) (326,025) Disposal of treasury stock (18,880) 1,460 1,460 Dividends - (17,600) (17,600) Share-based payments 27,567 27,567 27,567 Equity transactions with non-controlling interests - - 1,682 1,682 Transfer from other components of equity to retained earnings (3,281) (3,281) - - Transfer to non-financial assets (7) (7) (7) Transactions with owners - total - (3,281) - 5,397 (314,605) 1,682 (312,922) Balance as of June 30, 2025 (15) - - 462,053 1,393,973 11,358 1,405,331
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 For the Three Months Ended June 30, 2026 (In millions of yen) Equity attributable to owners of the parent Common stock Share premium Retained earnings Treasury stock Other components of equity Share-based payments Exchange differences on translation of foreign operations Effective portion of changes in fair value of cash flow hedges Balance as of April 1, 2026 40,000 - 1,371,067 (414,455) 77,854 508,883 - Profit (loss) for the period 202,618 Other comprehensive income 29,881 1 Comprehensive income for the period - - 202,618 - - 29,881 1 Purchase of treasury stock (0) (54,501) Disposal of treasury stock 7,565 13,976 (19,327) Dividends (17,452) Share-based payments 29,234 Equity transactions with non-controlling interests Changes due to loss of control of subsidiaries Transfer from other components of equity to retained earnings (622) Transfer to non-financial assets (1) Transactions with owners - total - 7,564 (18,074) (40,524) 9,907 - (1) Balance as of June 30, 2026 40,000 7,564 1,555,611 (454,980) 87,761 538,764 - 11 (In millions of yen) Equity attributable to owners of the parent Non-controllin g interests Total equity Other components of equity Total Net change in debt instruments measured at fair value through other comprehensi ve income Net change in equity instruments measured at fair value through other comprehens ive income Remeasure- ments of defined retirement benefit plans Total Balance as of April 1, 2026 (27) - - 586,709 1,583,321 11,236 1,594,558 Profit (loss) for the period - 202,618 (91) 202,527 Other comprehensive income (12) (622) - 29,248 29,248 14 29,262 Comprehensive income for the period (12) (622) - 29,248 231,866 (77) 231,789 Purchase of treasury stock - (54,501) (54,501) Disposal of treasury stock (19,327) 2,214 2,214 Dividends - (17,452) (17,452) Share-based payments 29,234 29,234 29,234 Equity transactions with non-controlling interests - - 1,969 1,969 Changes due to loss of control of subsidiaries - - (104) (104) Transfer from other components of equity to retained earnings 622 622 - - Transfer to non-financial assets (1) (1) (1) Transactions with owners - total - 622 - 10,528 (40,505) 1,865 (38,640) Balance as of June 30, 2026 (40) - - 626,486 1,774,682 13,024 1,787,707
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 Condensed Quarterly Consolidated Statements of Cash Flows Three Months Ended June 30, (In millions of yen) 2025 2026 Cash flows from operating activities Profit before tax 158,946 263,535 Depreciation and amortization 25,930 26,835 Share-based payment expenses 23,648 20,540 Interest and dividend income (4,606) (7,568) (Increase) decrease in trade and other receivables 325 11,564 Increase (decrease) in trade and other payables (23,795) (41,668) Other (23,922) (37,377) Subtotal 156,525 235,861 Interest and dividends received 5,107 7,395 Interest paid (1,587) (1,536) Income taxes paid (37,507) (38,061) Net cash provided by operating activities 122,538 203,657 Cash flows from investing activities Payment for purchase of property and equipment (2,941) (1,779) Payment for purchase of intangible assets (13,836) (13,119) Payment for purchase of investments (38,480) (28,924) Proceeds from sale and redemption of investments 3,813 12,452 Other 9,789 (2,087) Net cash used in investing activities (41,655) (33,457) Cash flows from financing activities Repayments of lease liabilities (10,097) (10,660) Payment for purchase of treasury stock (326,110) (54,501) Dividends paid (17,473) (17,331) Proceeds from settlement of derivatives 2,773 7,574 Other 3,202 5,195 Net cash used in financing activities (347,705) (69,723) Effect of exchange rate changes on cash and cash equivalents (32,082) 26,990 Net increase (decrease) in cash and cash equivalents (298,903) 127,467 Cash and cash equivalents at the beginning of the period 808,625 725,578 Cash and cash equivalents at the end of the period 509,721 853,046 12
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 Notes to Condensed Quarterly Consolidated Financial Statements 1. Applicable Financial Reporting Framework The Company’s condensed quarterly consolidated financial statements (condensed quarterly consolidated statements of financial position, condensed quarterly consolidated statements of profit or loss, condensed quarterly consolidated statements of comprehensive income, condensed quarterly consolidated statements of changes in equity, condensed quarterly consolidated statements of cash flows, and notes) are prepared in accordance with Article 5, Paragraph 2 of Tokyo Stock Exchange, Inc.’s standards for the preparation of quarterly financial statements, etc. (however, the omissions set out in Article 5, Paragraph 5 of the same standards apply). The condensed quarterly consolidated financial statements are prepared based on International Accounting Standard No. 34 “Interim Financial Reporting” (hereinafter “IAS 34”), but some of the disclosure items and notes required by IAS 34 are omitted. Accordingly, the condensed quarterly consolidated financial statements are not a set of condensed financial statements in accordance with IAS 34. 2. Going Concern Assumption Not applicable. 3. Operating Segments (1) Overview of Reportable Segments The Company’s operating segments are components of the Company for which discrete financial information is available and whose operating results are reviewed regularly by the Board of Directors to decide on the allocation of operating resources and assess business performance. The Company has three operating segments by type of business, HR Technology, Staffing, and Marketing Matching Technologies, which are also the reportable segments. HR Technology consists of three operations, the US , Europe and Others , and Japan . Staffing consists of two operations, Japan and Europe , US and Australia . Marketing Matching Technologies consists of three operations, Lifestyle, Housing & Real Estate, and Others. (2) Information on Reportable Segments Segment profit (loss) denotes EBITDA+S (operating income + depreciation and amortization (excluding depreciation of right-of-use assets) + share-based payment expenses ± other operating income/expenses). Revenue from external customers in Adjustments includes revenue that is not allocated to a specific reportable segment, and segment profit (loss) in Adjustments includes corporate expenses not allocated to any reportable segments. Corporate expenses consist primarily of general and administrative expenses that are not allocable to the segments. Intersegment revenue or transfers are calculated based on a price used in similar transactions with third parties. Segment assets and liabilities are not stated as they are not subject to review for the purpose of deciding on the allocation of operating resources and assessing business performance. 13
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 For the Three Months Ended June 30, 2025 (In millions of yen) Reportable Segment Adjustments Consolidated HR Technology Staffing Marketing Matching Technologies Total Revenue Revenue from external customers 340,705 401,778 136,355 878,839 - 878,839 Intersegment revenues or transfers 1,091 6,377 501 7,970 (7,970) - Total 341,796 408,156 136,856 886,809 (7,970) 878,839 Segment profit (loss) 119,467 26,879 43,227 189,574 (2,422) 187,151 Depreciation and amortization (Note) 16,748 Share-based payment expenses 23,648 Other operating income 8,558 Other operating expenses 1,579 Operating income 153,734 Share of profit (loss) of associates and joint ventures (1,956) Finance income 8,785 Finance costs 1,617 Profit before tax 158,946 Note: Depreciation and amortization exclude depreciation of right-of-use assets. For the Three Months Ended June 30, 2026 (In millions of yen) Reportable Segment Adjustments Consolidated HR Technology Staffing Marketing Matching Technologies Total Revenue Revenue from external customers 454,589 449,203 141,558 1,045,350 - 1,045,350 Intersegment revenues or transfers 855 6,021 336 7,213 (7,213) - Total 455,444 455,224 141,894 1,052,564 (7,213) 1,045,350 Segment profit (loss) 215,771 28,290 51,137 295,199 (2,308) 292,891 Depreciation and amortization (Note) 17,996 Share-based payment expenses 20,540 Other operating income 3,835 Other operating expenses 2,776 Operating income 255,413 Share of profit (loss) of associates and joint ventures 61 Finance income 9,667 Finance costs 1,606 Profit before tax 263,535 Note: Depreciation and amortization exclude depreciation of right-of-use assets. 14
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 4. Treasury Stock Treasury stock recognized in the Condensed Quarterly Consolidated Statements of Financial Position includes Recruit Holdings shares held by the BIP trust and the ESOP trust. The breakdown of treasury stock is as follows: As of March 31, 2026 As of June 30, 2026 (In millions of yen, unless otherwise stated) Number of shares (shares) Carrying amount Number of shares (shares) Carrying amount Treasury stock directly held by Recruit Holdings 28,856,988 228,809 35,531,650 278,167 Recruit Holdings shares held by the BIP trust and the ESOP trust 47,433,836 185,646 44,801,130 176,812 Total 76,290,824 414,455 80,332,780 454,980 5. Contingencies On-site Inspection by the Japan Fair Trade Commission On June 2, 2026, Recruit Staffing Co., Ltd. and Staff Service Co., Ltd., which are subsidiaries within the Japan operations of the Company’s staffing business, were subject to an on-site inspection by the Japan Fair Trade Commission on suspicion of violating the Antimonopoly Act. The Company is currently fully cooperating with the authorities for the inspection, and it is difficult to reasonably estimate its outcome or amount of its impact at this time. 6. Significant Subsequent Events Share Repurchase The Company, by resolution of its Board of Directors on March 31, 2026, implemented the following share repurchase program, pursuant to Article 156 of the Companies Act as applied by replacing certain terms pursuant to Article 165, Paragraph 3 of the said Act. (1) Details of common stock repurchased on and after July 1, 2026 (i) Type of shares repurchased Shares of common stock of Recruit Holdings (ii) Total number of shares repurchased 5,455,200 shares (iii) Total purchase price 67,649 million yen (iv) Acquisition period From July 1, 2026 to July 31, 2026 (delivery date basis) (2) Details of the Resolution by the Board of Directors on March 31, 2026 (i) Type of shares to be repurchased Shares of common stock of Recruit Holdings (ii) Total number of shares to be repurchased 64,000,000 shares (Maximum) (iii) Total purchase price 350,000 million yen (Maximum) (iv) Repurchase period From April 1, 2026, to the earlier of the following: (1) November 30, 2026 (2) The date on which either the “total number of shares to be repurchased” or the “total purchase price” mentioned above reaches its maximum. (v) Method of repurchases (1) Market purchases on Tokyo Stock Exchange, Inc. through an appointed securities dealer with transaction discretion (2) Purchases through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) (3) Status of Repurchase as of July 31, 2026 (Delivery Date Basis) (i) Type of shares repurchased: Shares of common stock of Recruit Holdings (ii) Total number of shares repurchased: 12,518,500 shares (iii) Total purchase price: 120,047 million yen 15
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 (English Translation) Independent Auditor’s Report on the Interim Review of Quarterly Consolidated Financial Statements August 7, 2026 The Board of Directors Recruit Holdings Co., Ltd. Ernst & Young ShinNihon LLC Tokyo, Japan Hitoshi Matsuoka Certified Public Accountant Designated and Engagement Partner Takeshi Saida Certified Public Accountant Designated and Engagement Partner Ryuichiro Umano Certified Public Accountant Designated and Engagement Partner Masashi Motohashi Certified Public Accountant Designated and Engagement Partner Conclusion We have conducted an interim review of Recruit Holdings Co., Ltd.’s condensed quarterly consolidated financial statements for the first quarter (April 1, 2026 to June 30, 2026) and first three months (April 1, 2026 to June 30, 2026) of the consolidated fiscal year from April 1, 2026 to March 31, 2027, listed in the “Attachments” to the quarterly financial results, which comprise the condensed quarterly consolidated statements of financial position, condensed quarterly consolidated statements of profit or loss, condensed quarterly consolidated statements of comprehensive income, condensed quarterly consolidated statements of changes in equity, condensed quarterly consolidated statements of cash flows, and notes to condensed quarterly consolidated financial statements. As a result of conducting our interim review, there were no matters that cause us to believe that the condensed quarterly consolidated financial statements referred to above have not been prepared in accordance with Article 5, Paragraph 2 of the Tokyo Stock Exchange’s Standards Used for Preparation of Quarterly Financial Statements, etc. (however, the omission of the description prescribed in Article 5, Paragraph 5 of the Standards Used for Preparation of Quarterly Financial Statements, etc., has been applied), in all material respects. Basis for the Conclusion We conducted our interim review in accordance with interim review standards generally accepted in Japan. Our responsibility under the interim review standards is stated in the “Auditor’s Responsibility for the Interim Review of the Condensed Quarterly Consolidated Financial Statements.” We are independent of the Company and its consolidated subsidiaries in accordance with the provisions related to professional ethics in Japan (including provisions applicable to the financial statement audits of public interest entities (PIE)), and are fulfilling other ethical responsibilities as an auditor. We believe that we have obtained sufficient and appropriate evidence to provide a basis for our conclusion. Responsibilities of Management, Audit and Supervisory Board Members and Audit and Supervisory Board for the Condensed Quarterly Consolidated Financial Statements Management is responsible for the preparation of condensed quarterly financial statements in accordance with Article 5, Paragraph 2 of the Tokyo Stock Exchange’s Standards Used for Preparation of Quarterly Financial Statements, etc. (however, the omission of the description prescribed in Article 5, Paragraph 5 of the Standards Used for Preparation of Quarterly Financial Statements, etc., has been applied), and for designing and operating such internal control as management determines is necessary to enable the preparation of the condensed quarterly consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the condensed quarterly consolidated financial statements, management is responsible for assessing whether it is appropriate to prepare the condensed quarterly consolidated financial statements in accordance with the premise of a going concern, and for disclosing matters relating to going concern when it is required to do so in accordance with Article 5, Paragraph 2 of the Tokyo Stock Exchange’s Standards Used for Preparation of Quarterly Financial Statements, etc. (however, the omission of the description prescribed in Article 5, Paragraph 5 of the Standards Used for Preparation of Quarterly Financial Statements, etc., has been applied). Audit and Supervisory Board members and Audit and Supervisory Board are responsible for monitoring the execution of Directors’ duties related to designing and operating the financial reporting process. 16
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Recruit Holdings Co., Ltd. (TSE 6098) Consolidated Financial Results for Q1 FY2026 Auditor’s Responsibilities for the Interim Review of the Condensed Quarterly Consolidated Financial Statements Our responsibility is to give a conclusion on the condensed quarterly consolidated financial statements from an independent standpoint in an interim review report based on our interim review. As part of an interim review in accordance with interim review standards generally accepted in Japan, we exercise professional judgment and maintain professional skepticism throughout the interim review. We also: ・ Ask questions primarily to management and persons responsible for financial and accounting matters, perform analytical procedures and other interim review procedures. Interim review procedures are more limited procedures than audits of annual financial statements performed in accordance with auditing standards generally accepted in Japan. ・ If we determine that there is significant uncertainty in regard to events or conditions that may cast significant doubt on the entity’s ability to continue as a going concern, we conclude, based on the evidence obtained, whether there are any matters that cause us to believe that the condensed quarterly consolidated financial statements have not been prepared in accordance with Article 5, Paragraph 2 of the Tokyo Stock Exchange’s Standards Used for Preparation of Quarterly Financial Statements, etc. (however, the omission of the description prescribed in Article 5, Paragraph 5 of the Standards Used for Preparation of Quarterly Financial Statements, etc., has been applied). In addition, if there is significant uncertainty concerning the premise of a going concern, we are required to call attention to the notes to the condensed quarterly consolidated financial statements in the interim review report, or if the notes to the condensed quarterly consolidated financial statements pertaining to the significant uncertainty are inappropriate, issue a modified opinion or a negative opinion on the condensed quarterly consolidated financial statements. While our conclusion is based on the evidence obtained up to the date of the interim review report, depending on future events or conditions, an entity may be unable to continue as a going concern. ・ Assess whether there are any matters that cause us to believe that the presentation of and notes to the condensed quarterly consolidated financial statements have not been prepared in accordance with Article 5, Paragraph 2 of the Tokyo Stock Exchange’s Standards Used for Preparation of Quarterly Financial Statements, etc. (however, the omission of the description prescribed in Article 5, Paragraph 5 of the Standards Used for Preparation of Quarterly Financial Statements, etc., has been applied). ・ Obtain evidence regarding the financial statements of the Company and its consolidated subsidiaries that forms the basis for giving a conclusion on the condensed quarterly consolidated financial statements. We are responsible for direction, supervision and inspections relating to the interim review of the condensed quarterly consolidated financial statements. We remain solely responsible for our conclusion. We communicate with the Audit and Supervisory Board members and Audit and Supervisory Board regarding the planned scope and timing of the interim review and material interim review findings. We also provide the Audit and Supervisory Board members and Audit and Supervisory Board with a statement that we have complied with the ethical requirements in Japan regarding independence, and communicate to them all relationships and other matters that may reasonably be thought to have impacts on our independence, and where applicable, related measures in order to eliminate obstruction factors or safeguards to reduce them to an acceptable level. Conflicts of Interest We have no interest in the Company which should be disclosed in accordance with the Certified Public Accountants Act. The original Independent Auditor’s Interim Review Report related to the condensed quarterly consolidated financial statements is in Japanese. This English translation is prepared only for readers’ convenience. Notes: 1. The above is a digital version of the matters stated in the original interim review report. The original is stored separately by the Holding Company (the company submitting the quarterly financial results). 2. XBRL data and HTML data are not included in the scope of the interim review. 17