Recruit raised its full-year operating profit forecast by nearly 50% and reported a 66% jump in Q1 profit, driving the stock up over 20%.
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Recruit Holdings reported first-quarter results for the fiscal year ending March 2027, with operating profit surging 66.1% year on year to 255.4 billion yen. The company sharply raised its full-year operating profit forecast to 945 billion yen from the previous 787 billion yen, pointing to nearly 50% growth from the prior year. The HR Technology segment was the main driver, with the high profitability of its core job platform business leading company-wide profit growth. Revenue rose 18.9% to 1.0453 trillion yen, and net profit attributable to owners of the parent climbed 67.5% to 202.6 billion yen. Following the announcement, the stock price soared more than 20% from the previous trading day.
Recruit raised its full-year operating profit forecast by nearly 50% and reported a 66% jump in Q1 profit, driving the stock up over 20%.