Shareholders Return

Dividend policy

Recruit Holdings Co., Ltd.'s(the "Company"'s) primary use of capital is to invest for its long-term business strategy in order to achieve sustainable profit growth and increase enterprise value. The Company believes that this approach will contribute to the common interests of shareholders. The Company also considers the return of capital to its shareholders to be an important part of its management strategy and aims to provide stable and sustainable dividends by comprehensively taking into account earnings and shareholders' equity. The Company believes that it is important to maintain a sufficient level of shareholders' equity in order to be able to respond flexibly to investment opportunities for future growth, while at the same time enhancing its ability to address possible risks relating to its business operations and assets.

Consolidated dividend payout ratio is set at approximately 30% of profit attributable to owners of the parent excluding non-recurring income/losses. The Company may consider implementing share repurchase programs, depending on the capital market environment and the outlook of its financial position.

The Company basically declares dividends twice a year. Matters stipulated in Article 459, Paragraph 1 of the Companies Act of Japan, including cash dividends, are not resolved at the Annual Meeting of Shareholders, but at Board of Directors meetings, unless otherwise provided by laws and regulations.


Recruit Holdings Co., Ltd. intends to pay a full-year dividend of ¥19.00 per share, comprising an interim dividend of ¥9.50 per share and a year-end dividend of ¥9.50 per share for FY2020.

Year Dividend per share
Sep. 30th Mar. 31st Total
Results for FY 2013 - Year Ended Mar. 31, 2014 -※ - ¥8.67 ¥8.67
Results for FY 2014 - Year Ended Mar. 31, 2015 - - ¥15.67 ¥15.67
Results for FY 2015 - Year Ended Mar. 31, 2016 - - ¥16.67 ¥16.67
Results for FY 2016 - Year Ended Mar. 31, 2017 - - ¥21.67 ¥21.67
Results for FY 2017 - Year Ended Mar. 31, 2018 ¥11.00 ¥12.00 ¥23.00
Results for FY 2018 - Year Ended Mar. 31, 2019 ¥13.50 ¥14.50 ¥28.00
Results for FY 2019 - Year Ended Mar. 31, 2020 ¥15.00 ¥15.00 ¥30.00
Results for FY 2020 - Year Ending Mar. 31, 2021 ¥9.50 - -
Results for FY 2020 - Year Ending Mar. 31, 2021(forecast) - ¥9.50 ¥19.00

(Note) We implemented a 10-for-1 stock split on Jul. 31, 2014.

(Note) We implemented a three-for-one stock split of our common stock with a record date of Jun. 30, 2017 and an effective date of Jul. 1, 2017. Accordingly, the above annual dividend for the year ending Mar. 31, 2018 takes into account the said stock split. Annual dividend for the year ending Mar. 31, 2018 without considering the stock split will be ¥69. Then the dividends per share before FY 2016 are computed retrospectively.

Stock Repurchase

Repurchase period Number of Shares
Total amount
Aug. 26, 2016 7,643,300 29,999,952,500
From Sep. 19, 2019
through Nov. 29, 2019
22,259,600 79,999,688,129
From Dec. 07, 2020
through Feb. 26, 2021
15,157,100 68,576,962,887

Except acquisition falling under Article 155, Item 7 of the Companies Act of Japan

Cancellation of Treasury Stock

Cancellation period Number of Shares
Nov. 21, 2014 8,710,900

Hospitality Programs for Shareholders

Recruit Holdings Co., Ltd. do not have hospitality programs for shareholders.