As of October 19,2023

Company Name (Alphabetical Order of Company Names)

Analyst Name (Titles Omitted)

BofA Securities

CLSA Securities Japan Co., Ltd.

Hideo Noda

Daiwa Securities Co. Ltd.

Goldman Sachs Japan Co., Ltd.

Norihiro Miyazaki


Macquarie Capital Securities (Japan) Limited

Hiroshi Yamashina

Mizuho Securities Co., Ltd.

Kazuki Oyama

MST Financial Services Pty Limited

David Gibson

Nomura Securities Co.,Ltd.

Naoki Hiraoka

QUICK Corp. Corporate Valuation Research Center

Daisuke Harada

SMBC Nikko Securities Inc.


Takeshi Irisawa

The list on this page was created based on our standards and in accordance with information available to us at the time we posted this list. Consequently, the list may be missing some analyst names and there is a possibility that all of the information may not be up to date. We apologize for any inconvenience that may arise from this.


The purpose of this list is solely to provide information on the analysts and their respective brokerage firms which provide analysis and forecasts of our company's business performance. The analysis, opinions, and forecasts of these analysts are theirs alone. The company and the management of Recruit Holdings have absolutely no involvement. Accordingly, this is not a solicitation to purchase or sell shares in Recruit Holdings. Investors are hereby requested to make their final investment decision based on their own judgment and responsibilities.