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Recruit Holdings Wins the Grand Prize Company at the “Corporate Governance of the Year® 2024”
Jan 14, 2025
Recruit Holdings Co., Ltd (“The Company”) is honored to be recognized as the “Grand Prize Company” – the top honor – for the Corporate Governance of the Year® 2024 awards organized by the Japan Association of Corporate Directors. The award program recognizes the top performers in corporate governance among the approximately 1,600 companies listed on the Tokyo Stock Exchange Prime Market.
First created in 2015, as part of the Japanese government’s growth strategy, the Corporate Governance of the Year® award program recognizes companies that achieve and maintain long term profitability through robust corporate governance. The Company was recognized for successfully integrating its business strategy with corporate governance, thereby enhancing corporate value, which led to this achievement.
Comment from Kunio Ito, Professor Emeritus of Hitotsubashi University, and Selection Committee Member:
“Corporate governance poses a fundamental question: does corporate governance truly enhance earning power and corporate value? Recruit Holdings has provided a clear answer to this question. The Company has seamlessly integrated its management strategy with corporate governance. Key achievements include the formulation of long-term strategies, defining CEO skill requirements and tenure, decisive execution of M&A, and balance sheet management with a focus on intangible assets. Supporting these initiatives are the skills of its external directors. The results are evident in the Company’s exceptionally high corporate value, PBR, and return on capital, which each stand out as exceptional in Japan.”
Recruit Holdings’ Approach to Corporate Governance
Guided by Recruit Group Management Philosophy, the Company prioritizes corporate governance policies and practices that are designed to achieve long-term growth, increased corporate and shareholder value, and benefits for all of our stakeholders. Our stakeholders include employees, individual users and business clients, as well as our shareholders, business partners, non-profit organizations (NPOs) and non-governmental organizations (NGOs), national and other governments, and local communities.
In order to further enhance corporate value in the future, the Company believes it is important to prosper together with all stakeholders through all corporate activities with a sound governance foundation. Therefore, the Company has redefined its commitment to sustainability as well as setting sustainability targets, and defines corporate governance as one of our material foundations for our corporate activities, and prioritizes related initiatives.
For more details about Recruit Holdings, please visit our website.