Recruit Shares Jump 19% After Forecasting ¥787 Billion Profit, Easing AI Fears
Updated
Updated · Bloomberg · May 18
Recruit Shares Jump 19% After Forecasting ¥787 Billion Profit, Easing AI Fears
1 articles · Updated · Bloomberg · May 18
Recruit Holdings surged as much as 19% in Tokyo, its biggest intraday gain since the company’s 2014 IPO, after issuing a stronger-than-expected outlook.
¥787 billion in operating profit on ¥4 trillion in sales for the year ending March 2027 topped analyst forecasts of ¥723 billion and ¥3.9 trillion.
Indeed’s owner reassured investors that artificial intelligence may be less disruptive to its job-search business than feared, helping the stock rise even as the Topix Index fell.
The move signals renewed confidence in Recruit’s growth trajectory after investor concern had centered on whether AI tools could weaken demand for traditional online job platforms.
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