Private Equity Helps Drive Search Firm's Expansion in Japan
TOKYO, March 7 /Xinhua-PRNewswire/ -- The Tokyo office of the world's
premier executive search firm, Heidrick & Struggles, has reported a 33.3
percent increase in net revenue to US$11.9 million for 2007.
Partner-in-charge Daniel Edwards says: "We raised the profile of the
firm in Japan by working with private equity firms on some of the largest
corporate transactions that were considered in 2007. The recent hire of
Toshifumi Mori, a senior executive from Mitsubishi Corporation, has also
strengthened our ability to connect with the senior Japanese business
Heidrick & Struggles, which has offices in more than 60 cities around
the world, increased its full year net revenue in the Asia Pacific region
by 58.8 percent to US$78.6 million, or approximately 51 percent on a
constant currency basis. Operating income of US$15.9 million increased 20.1
percent over 2006 and the operating margin was 20.3 percent, compared with
26.8 percent in 2006.
In the Asia Pacific region, the firm has offices in Japan, Singapore,
Hong Kong, China, India, Korea, Thailand, Taiwan, Australia and New
Globally, for the year ended December 31, 2007, Heidrick & Struggles
reported consolidated net revenue of US$619.7 million, an increase of 29.5
percent from US$478.5 million in 2006.
In 2008, the company expects worldwide consolidated net revenue of
between US$650 and US$670 million, representing growth of between 5 percent
and 8 percent over 2007 net revenue. The company is targeting a 2008
full-year operating margin of 13 percent.
About Heidrick & Struggles International, Inc.
Heidrick & Struggles International, Inc. is the world's premier
provider of senior-level executive search and leadership consulting
services, including talent management, board building, executive
on-boarding and M&A effectiveness. For more than 50 years, we have focused
on quality service and built strong leadership teams through our
relationships with clients and individuals worldwide. Today, Heidrick &
Struggles leadership experts operate from principal business centers in
North America, Latin America, Europe and Asia Pacific. For more information
about Heidrick & Struggles, please visit http://www.heidrick.com
Director, Corporate Communications
SOURCE Heidrick & Struggles International, Inc.
Heidrick & Struggles Japan Reports 33.3 percent Increase in Net Revenue