Info seputar HK Hari Ini 2020 – 2021.

TOKYO — A strong U.S. job market helped boost Japanese human resources company Recruit Holdings’ market capitalization to 10.77 trillion yen ($97.5 billion) on Friday, closing above the 10 trillion yen mark for the first time.

The owner of American job-search platform Indeed upgraded its fiscal 2021 earnings forecast Thursday, projecting up to a 90% jump in net profit to 250 billion yen, with “increased competition for talent” in the U.S. expected to continue until the second half of the fiscal year.

This earnings growth “far exceeds market expectations,” said Tetsuro Tsusaka of Morgan Stanley MUFG Securities. The news lifted Recruit’s shares 10% on Friday to 6,350 yen.

Recruit’s market capitalization ranked 159th among roughly 48,000 companies with comparable QUICK-FactSet data, and sixth among Japanese enterprises, behind only Toyota Motor, Keyence, Sony Group, SoftBank Group, and Nippon Telegraph and Telephone.

While Recruit is far outpacing other staffing companies such as Randstad and Adecco in market cap, how long the economic environment driving this growth will last is unclear.

The HR technology market, which includes Indeed, “will lose momentum in the second half” of the year through March, predicted Haruka Mori of JPMorgan Securities Japan.