Recruit seeks to establish 400 billion yen loan facility Revenue decreases with new corona April 10 23:49

Recruit Holdings, a major information service company, has set up a credit line of approximately 400 billion yen for a major bank with a large number of clients, as the spread of the new coronavirus is expected to reduce the advertising revenue of the information sites it operates. I understand what I asked.

Recruit Holdings operates a lodging reservation site, Jalan, and a restaurant reservation site, Hot Pepper. Due to the spread of the new coronavirus, advertising revenue is expected to decrease.

In addition, there is a possibility that sales will decrease in the temporary staffing business due to the worsening employment situation.

For this reason, the company called on major banks to set up a credit line of about 400 billion yen in order to secure a means of raising funds in advance in case of prolonged effects. That is.

Recruit Holdings says, "We are considering various funding methods to flexibly respond to changes in the business environment."

With the spread of the new coronavirus, automakers are also proceeding with talks with business banks to seek financing, and there is a movement among companies to secure more cash at hand in case the effects are prolonged. One after another.