1. (C) Recruit Holdings Co.,Ltd. All rights reserved. Recruit Group and Staffing Business Overview Recruit Holdings Co., Ltd. Managing Corporate Executive Officer International Staffing Business Hitoshi Motohara 11 th September, 2015 Disclaimer: The figures contained within this presentation may differ from RHD public announcements and are represented on a pro- forma basis to enhance audience understanding

2. (C) Recruit Holdings Co.,Ltd. All rights reserved. 2 Occupation Department Store Job Information Magazines Magazine Distribution Corporate Controller Recruit Manufacturer Staffing Tenure (In Years) 21612212 Start date198019821998199920012003 Recruit Group My Career History

3. (C) Recruit Holdings Co.,Ltd. All rights reserved. This was our office ! “Invitation to Companies” Magazine （ for New Graduates ） 55 years ago Hiromasa Ezoe (Founder) 3 The Beginning of Recruit

4. (C) Recruit Holdings Co.,Ltd. All rights reserved. 4 ◦Achieved record highs with year-over-year sales growth of 9.1% in FY2014 Revenue EBITDA Recruit- Consolidated Financial Results +9.1% (US$1=¥100) (Per Recruit Holdings announcement, May 2014, & 2015) (US$M)

5. (C) Recruit Holdings Co.,Ltd. All rights reserved. 5 FY2014 Full-Year (US$1=¥100) $12,999M Staffing HR Media Marketing Media 52% 25% Consolidated Business Segment Net Sales (Per Recruit Holdings announcement, May 2015)

6. (C) Recruit Holdings Co.,Ltd. All rights reserved. 6 FY2014 Full-Year $6,752M 58% 42% Overseas Staffing Domestic Staffing Staffing Segment Net Sales (US$1=¥100) (Per Recruit Holdings announcement, May 2015)

7. (C) Recruit Holdings Co.,Ltd. All rights reserved. Staffing Net Sales Through Organic Progression and Acquisition 7 $702M FY 2002 FY 2011 FY 2007 FY 2010 Reference: US$1=¥100 GBP1= EUR1.2 GPB1=US$1.6 US$1=AU$1 $6,752M FY 2014 （ US$M ） Recruit Staffing Staff Service The CSI Companies Staffmark Advantage Resourcing *Approx. $9,000M FY 2015 PeoplebankChandler Macleod Attèrro * Notice: (FY2015) Approximate total when assuming full year revenues for 2014, for Chandler, Peoplebank, & Atterro and may differ from public announcements by Recruit Holdings

8. (C) Recruit Holdings Co.,Ltd. All rights reserved. 8 Sales : $1,668M (FY2014) Headquartered : Tokyo, Japan Locations : 43 Offices in Japan Service Areas: Professional, Clerical Recruit Staffing Reference: US$1=¥100 GBP1= EUR1.2 GPB1=US$1.6 US$1=AU$1

9. (C) Recruit Holdings Co.,Ltd. All rights reserved. 2007 : Acquired Staff Service Group 9 Sales : $2,074M (FY2014) (014) Headquarters : Tokyo, Japan Locations : 160 Offices in Japan Service Areas: Clerical, IT, Engineering, Light Industrial, Aged Care Reference: US$1=¥100 GBP1= EUR1.2 GPB1=US$1.6 US$1=AU$1

10. (C) Recruit Holdings Co.,Ltd. All rights reserved. 2010 : Acquired The CSI Companies 10 Sales: $148M (FY2014) Headquartered : Jacksonville, FL USA Locations : 5 Offices in US Service Areas: Healthcare IT, IT, Professional

11. (C) Recruit Holdings Co.,Ltd. All rights reserved. Sales: $1,114M (FY2014) Headquartered : Cincinnati, OH USA Locations : 300+ US Branches & On-Sites Service Area: Light Industrial 2011 : Acquired Staffmark 11

12. (C) Recruit Holdings Co.,Ltd. All rights reserved. 2011 : Acquired Advantage Resourcing 12 Sales : $1,426M (FY2014) Headquartered : Norwood, MA USA Locations : US 116, UK 5, AUS 1 Service Areas: Light Industrial, Engineering, Professional, MSP, RPO, BPO

13. (C) Recruit Holdings Co.,Ltd. All rights reserved. 13 Sales : $534M (FY 2014) Headquartered : Sydney, Australia Locations : Australia, Singapore, Hong Kong, Malaysia Service Areas: IT 2015: Acquired Peoplebank Reference: US$1=¥100 GBP1= EUR1.2 GPB1=US$1.6 US$1=AU$1

14. (C) Recruit Holdings Co.,Ltd. All rights reserved. Sales : $ 1,412M (FY 2014) Headquartered : Sydney, Australia Locations : Australia, New Zealand, Hong Kong, Singapore Service Areas: General Staffing, Housekeeping, Aged Care, Payroll & Talent Mgmt. Software, BPO 2015 : Acquired Chandler Macleod 14 Reference: US$1=¥100 GBP1= EUR1.2 GPB1=US$1.6 US$1=AU$1

15. (C) Recruit Holdings Co.,Ltd. All rights reserved. 15 Sales : $256M (FY2014) Headquartered : Minneapolis, MN USA Locations : 45 Offices in US Service Areas: Clerical, Light Industrial Finance/Accounting, Engineering, IT, RPO, MSP 2015: Acquired Attèrro

16. (C) Recruit Holdings Co.,Ltd. All rights reserved. Staffing Financials for the past 4 years 16 Unit Management enables us to be profitable (Per Recruit Holdings announcement, May 2013 & 2015) *15-Mar: Not including Peoplebank, Chandler and Atterro (US$M) Total Staffing Business12-Mar13-Mar14-Mar15-Mar Net Sales3,5655,4726,1246,752 EBITDA257322347407 EBITDA % of revenue7.2%5.9%5.7%6.0% Reference: US$1=¥100 GBP1= EUR1.2 GPB1=US$1.6 US$1=AU$1

17. (C) Recruit Holdings Co.,Ltd. All rights reserved. Example: Via Recruit IPO Roadshow Material, 2014 Before Acquisition (FY 12/2009 ） Most Recent (FY 12/2013 ） Before Acquisition (FY 12/2010 ） Most Recent (FY 12/2013 ） Before Acquisition (FY 6/2011 ） Most Recent (FY 12/2013 ） (USD 33M) (USD 50M) (USD 42M) (USD 53M) EBITDA Margin (1) / (EBITDA amount) EBITDA Margin (2) / (EBITDA amount) EBITDA Margin (3) / (EBITDA amount ) Acquired July 2010 Acquired October 2011Acquired in Dec. 2011 17 (USD 12M) 0.5% (USD 0.2M) 3.3% 4.5% 2.9% 4.0%

18. (C) Recruit Holdings Co.,Ltd. All rights reserved. ▼ We use operating income percentage as a key target indicator - Instead of using Revenue or Gross Profit ▼ We delegate leaders within a portion or unit of the organization - A unit’s sale size is approximately $5M to $50M - These leaders are named “unit managers” - A unit manager manages their own P&L with their team members ▼ We believe in transparency - We disclose all financial data to our employees 18 Unit Management (1)

19. (C) Recruit Holdings Co.,Ltd. All rights reserved. ▼ We do not support a top-down, micromanagement style -We promote the autonomy of each employee ▼ We require that all employees be mindful of the total process - Ex: “From cold-calls and sales activity to collection and pay/bill affairs” ▼ As needed, we will decline unfair requirements or non-profitable business - Business should depend on each stakeholder benefitting equally 19 Unit Management (2)

20. (C) Recruit Holdings Co.,Ltd. All rights reserved. 20 Conclusion: Our Global Staffing footprint We have more than 180,000 contractors on assignment at any given point in 2015!

21. (C) Recruit Holdings Co.,Ltd. All rights reserved. Q & A 21

22. (C) Recruit Holdings Co.,Ltd. All rights reserved. 22 International Business Segments in Addition to Staffing HRHR Permanent Placement Permanent Placement MarketingMediaMarketingMedia Travel Housing RGF HR Agent 51 Job Online HR RGF Executive Search Bó Lè Associates BRecruit Indeed China; Hong Kong; Singapore; India; Vietnam; Indonesia; Thailand India; Singapore; Vietnam China; Hong Kong; Taiwan; Singapore; Malaysia; Thailand; Vietnam; Philippines; Indonesia China; Indonesia China More than 55 countries/regions worldwide PegiPegi Mytour.vn Travel Book.ph Movoto Indonesia Vietnam Philippines US Dining Quandoo Europe and others Beauty Wahanda Europe and others SegmentSegmentBusinessBusinessBrandBrand Operating Area