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Recruit Holdings fiscal Q1 profit rises 25.2% YOY

Japanese human resources company Recruit Holdings Co. Ltd. reported a 25.2% year-over-year increase in profit for the quarter ended June 30.

Profit attributable to owners of the parent for the first fiscal quarter of 2019 rose to ¥59.31 billion from ¥47.36 billion in the prior-year period.

Adjusted earnings came in at ¥33.29 per share, up from ¥29.37 per share a year ago.

Revenue for the quarter grew 5.1% year over year to ¥594.41 billion from ¥565.47 billion. The revenue figure missed the mean consensus estimate of ¥609.91 billion, according to S&P Global Market Intelligence.

Revenue at the company's HR technology segment grew 47.5% year over year to ¥102.1 billion from ¥69.3 billion, while revenue at the Media and Solutions segment grew 8.2% to ¥187.6 billion from ¥173.5 billion in 2018.

However, revenue at the company's staffing segment fell 5% to ¥312.5 billion from ¥329.1 billion.

The company kept its guidance for 2019 unchanged. It expects adjusted EBITDA in the range of ¥310 billion to ¥330 billion while adjusted EPS is expected to grow in the high single digits. Fiscal first-quarter adjusted EPS grew 13.3% to ¥33.29 from ¥29.37.

As of Aug. 8, US$1 was equivalent to ¥106.13.