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Investing.com-- Shares of Recruit Holdings (TYO:6098) surged nearly 20% on Monday after the Japanese staffing and human resources company forecast robust profit growth for the current fiscal year, driven by its HR technology business led by Indeed.
The Tokyo-listed stock jumped as much as much as 19.1% to 9,318.0 yen by 01:29 GMT, to its highest since Jan. 19.
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The company on Friday forecast a 25.4% rise in fiscal 2026 profit attributable to owners to 623 billion yen ($4.0 billion), compared to 496.9 billion yen in fiscal 2025.
Recruit, owner of job sites Indeed and Glassdoor, said fiscal 2025 operating profit jumped 28.5% to 630.5 billion yen, while revenue rose 3.9% to 3.70 trillion yen.
The company projected fiscal 2026 revenue would rise 9% to 4.03 trillion yen, with operating profit expected to climb nearly 25% to 787 billion yen.
Growth was led by Recruit’s HR Technology business, where annual revenue rose 6.3% to 1.46 trillion yen. U.S. dollar-based revenue at the segment is expected to grow 11% in fiscal 2026.
Recruit said monetization improvements at Indeed helped lift the U.S. average revenue per job posting by 17%, despite stagnant hiring demand.
Recruit also raised its annual dividend forecast to 26 yen per share for fiscal 2026 from 25 yen paid in fiscal 2025.
