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Runs HR-tech job platforms (Indeed, Glassdoor) plus Japanese staffing and lifestyle-services marketplaces.
Runs HR-tech job platforms (Indeed, Glassdoor) plus Japanese staffing and lifestyle-services marketplaces.
Earns on Indeed mainly when employers pay for sponsored job listings, typically per click or application, so revenue follows job postings and hiring demand. The Japanese staffing arm earns fees on placing workers, and its consumer marketplaces take listing fees and commissions. Indeed was bought in 2012 and Glassdoor in 2018.
In one line: Parent of Indeed/Glassdoor, itself the category leader.
Moat: wide (network effects, brand, scale). Indeed is the world's most-visited job site; its two-sided scale is very hard for rivals to replicate.
Headquarters: Tokyo, Japan · Founded: 1960 · Employees: 45,586
Size Recruit (6098.T) is a Japan Communication Services company (Internet Software/Services) with a market value of $149B, the 5th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥17,000 on 6 Nov 2026.
Performance Over six months the shares gained 132.8%, against -3.8% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 19 in its peer set.
Growth Revenue grew 9.3% over the last twelve months (peer median +14.4%); the operating margin is 19.9% (peer median 21.5%).
Valuation It trades at 30.3× forward earnings against a peer median of 15.4× (3rd most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +12 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 37.5 points above its cost of capital (9.8% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥3.86T | ¥3.70T | ¥3.56T | ¥3.42T | ¥3.43T |
| Revenue growth | — | +4% | +4% | 0% | — |
| Gross profit | ¥2.28T | ¥2.09T | ¥1.98T | ¥1.85T | ¥1.88T |
| EBITDA | ¥876B | ¥768B | ¥636B | ¥561B | ¥516B |
| Net income | ¥579B | ¥497B | ¥409B | ¥354B | ¥270B |
| Free cash flow | ¥741B | ¥659B | ¥602B | ¥524B | ¥416B |
| Capital expenditure | ¥60.4B | ¥62.3B | ¥65.3B | ¥69.9B | ¥76.8B |
| Total debt | ¥179B | ¥186B | ¥209B | ¥221B | ¥255B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Recruit 6098.T | $149B | +133% | +9% | 20% | 30.3× | 22.0% |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 25.5× | 17.2% |
| ZipRecruiter ZIP | $309M | +4% | 0% | 0% | n/a | 45.4% |
| Randstad RAND.AS | $8.14B | +69% | 0% | 3% | 15.5× | 1.1% |
| Adecco ADEN.SW | $4.82B | +24% | 0% | 2% | 10.3× | -3.5% |
| ManpowerGroup MAN | $2.07B | +49% | +7% | 2% | 10.3× | -0.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6098.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.1% | -6.6% | 9th highest of 19 |
| 6-month return | +132.8% | -3.8% | highest of 19 |
| Distance from 52-week high | -13.1% | -31.2% | 3rd highest of 19 |
| Revenue growth (TTM) | +9.3% | +14.4% | 7th lowest of 19 |
| Operating margin | 19.9% | 21.5% | 10th highest of 19 |
| Forward P/E | 30.3× | 15.4× | 3rd most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 22.0% | 7.9% | 3rd most demanding of 17 |
| Growth delivered (Del g) | +10.3% | +14.7% | 6th lowest of 17 |
| Hurdle (Req g minus delivered) | +11.7 pp | -6.9 pp | 2nd most demanding of 17 |
| ROIC minus cost of capital | +37.5 pp | +10.3 pp | 3rd highest of 17 |
| EV / EBITDA | 26.1× | 11.9× | 4th most expensive of 17 |
| Net debt / EBITDA | -0.8× | -1.2× | 8th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Recruit 6098.T | Japan | $149B | +133% | +9% | 20% | 30.3× | 22.0% | +10.3% |
| Spotify Technology SPOT | United States | $124B | +44% | +17% | 15% | 37.4× | 29.4% | +16.6% |
| Netflix NFLX | United States | $260B | -28% | +15% | 32% | 17.7× | 15.0% | +12.6% |
| Liberty Media FWONA | United States | $27.3B | +18% | +12% | 12% | 51.0× | 29.0% | +31.4% |
| Bidu-sw 9888.HK | Hong Kong | $26.4B | -43% | -1% | 7% | 14.5× | n/a | n/a |
| Reddit RDDT | United States | $18.4B | -39% | +62% | 29% | 15.0× | 18.0% | +57.3% |
| Meta Platforms META | United States | $1.56T | 0% | +28% | 33% | 19.0× | 16.6% | +18.5% |
| Tencent Music Entertainment 1698.HK | Hong Kong | $13.9B | -2% | +16% | 29% | 11.0× | 0.6% | +1.7% |
| Nexon 3659.T | Japan | $13.8B | +10% | +15% | 26% | 22.4× | -9.1% | +10.1% |
| Pinterest PINS | United States | $10.9B | -11% | +15% | 6% | 8.8× | 16.2% | +20.1% |
| Match MTCH | United States | $8.88B | +6% | 0% | 30% | 13.6× | 1.8% | +7.8% |
| Alphabet Inc. (Class A) GOOGL | United States | $3.47T | -29% | +22% | 33% | 20.5× | 18.5% | +17.2% |
| Cyber Agent 4751.T | Japan | $4.13B | +3% | +14% | 10% | 15.4× | -11.3% | +12.8% |
| CarGurus CARG | United States | $3.01B | -3% | +6% | 26% | 12.1× | 2.7% | +10.5% |
| China Ruyi 0136.HK | Hong Kong | $2.82B | -5% | -40% | -17% | 12.6× | 13.1% | +69.6% |
| Autohome 2518.HK | Hong Kong | $2.70B | +21% | -22% | 0% | 22.7× | -15.3% | -6.4% |
| NetEase Cloud Music 9899.HK | Hong Kong | $2.52B | -21% | +6% | 17% | 10.1× | -18.7% | +8.9% |
| RUM RUM | United States | $2.44B | -41% | +13% | -101% | n/a | n/a | n/a |
| Grindr GRND | United States | $2.35B | -10% | +32% | 31% | 19.7× | -6.0% | +31.1% |