By Kosaku Narioka
Recruit Holdings Co. shares rose sharply Tuesday morning after the owner of Indeed and Glassdoor job sites said it would buy back up to 150.0 billion yen ($1.01 billion) of its own shares to boost shareholder returns.
The shares were recently 4.2% higher at Y4,436 after rising as much as 5.8% earlier.
Recruit said Monday after market close that it would repurchase up to 2.5% of its outstanding shares from Oct. 18, 2022 to March 14, 2023 and that it aimed to improve capital efficiency and shareholder returns at a time when concerns have grown about the....More>>>