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Recruit Likely to See Share-Price Boost From Profit Growth at Indeed -- Market Talk

Recruit Likely to See Share-Price Boost From Profit Growth at Indeed -- Market Talk

Dow JonesDow Jones2026/09/10 06:21

0621 GMT - Recruit Holdings' share price is yet to reflect profit growth at its Indeed jobs site, Nomura's Jiyong Oum says in a research report. The brokerage likes its prospects, citing sustainable and strong profit growth at Indeed. Nomura expects Indeed's monetization to progress to successful hires from referrals, forecasting 'EBITA+S' for the Japanese company's HR technology segment to rise around four-fold over the next five years. Increased adoption of its premium services among small and medium-sized enterprises is seen to be the main driver. Nomura raises the stock's target price to 20,000 yen from Y18,500 with an unchanged buy rating. Shares are 2.4% higher at Y15,670. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

September 10, 2026 02:21 ET (06:21 GMT)

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