Recruit Shares Jump Most Since IPO as Outlook Tops Estimates

Recruit Holdings Co. shares climbed the most on record after the Japanese owner of Indeed.com forecast stronger-than-projected growth, easing investor concerns that artificial intelligence would disrupt its job-search business.

The stock jumped as much as 19%, its biggest intraday increase since the company went public in 2014, even as the Topix Index fell, after issuing an outlook for ¥787 billion ($5 billion) in operating profit on ¥4 trillion in sales for the fiscal year to March 2027. That exceeds analysts’ average projection for ¥723 billion and ¥3.9 trillion.