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Recruit Holdings Announces Share Repurchases through Off-Auction Own Share Repurchase Trading System (“ToSTNeT-3”)

July 9, 2024

TOKYO, JAPAN (July 9, 2024) – Recruit Holdings Co., Ltd. (TSE: 6098) (the “Company”) today announced that the specific method of its planned share repurchases (the “Purchases”) was determined as follows, with reference to the resolutions of its Board of Directors on July 9, 2024.

Method of the Purchases

The commission of repurchases at today's closing price of ¥9,152 will take place through brokerage on the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3), at 8:45 a.m. on July 10, 2024, with no other changes made to the trading system or time. Purchase orders shall be limited to orders made only within the applicable trading time.

Details of the Purchases

Types of shares Common stock of Recruit Holdings Co., Ltd.
Total number of shares to be repurchased 15,000,000 shares (maximum)
(up to 0.98% of total number of shares issued and outstanding
(excludes treasury stock))

1 No changes will be made to the number of above-mentioned shares. Depending on market environment and other factors, it is possible that no share repurchase, or a share repurchase of only a portion of the above, will be carried out.
2 Repurchases will be made with sell orders corresponding to the number of shares to be purchased.

Announcement of the results of the Purchases
The results of the share repurchase will be announced following the completion of the trade at 8:45 a.m. on July 10, 2024.

After the completion of the purchases above, promptly, the Company plans to implement market purchases on the Tokyo Stock Exchange, Inc. through an appointed securities dealer with transaction discretion.

Details of the repurchase resolved by the Board of Directors on July 9, 2024

Types of shares Common stock of Recruit Holdings Co., Ltd.
Total number of shares to be repurchased 87,000,000 shares (maximum)
(up to 5.67% of total number of shares issued and outstanding
(excludes treasury stock))
Total purchase price 600 billion yen (maximum)
Period From July 10, 2024 to July 9, 2025
Method (1) Market purchases on the Tokyo Stock Exchange, Inc. through an appointed
securities dealer with transaction discretion
(2) Purchases through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)