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    6098   JP3970300004

RECRUIT HOLDINGS CO., LTD.

(6098)
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Japan shares eke out small gains but key resistances loom

05/26/2021 | 02:30am EDT

TOKYO, May 26 (Reuters) - Japanese shares eked out small gains on Wednesday, capping the fifth straight session of rises but lacked traction with uncertainties on global inflation and domestic infections keeping investors from testing major resistances on the upside.

The Nikkei share average added 0.31% to 28,642.19, extending its recovery from a four-month low hit earlier this month, but it faced multiple resistances around the current levels, including the 25-day average at 28,717 and 100-day average at 28,933.

The broader Topix ticked up 0.06% to 1,920.67.

"Lots of players, prop traders, retails and quants, are all active in range-trading around the current levels," said Takeo Kamai, head of execution services at CLSA.

In the very near term, the market is also capped by expectations of outflows due to MSCI's regular rebalance on Wednesday, as 29 Japanese shares will be excluded from its main index.

Few investors are eager to test the upside as they assess whether the risk inflation in the United States and elsewhere hastens fast enough to prompt central banks to reduce its monetary stimulus.

Domestically, elevated COVID-19 infections remain a problem as the government appears to push ahead with holding the Olympics in July despite health warnings against it.

Despite the small gains in the index, only about a third of shares rose while nearly two-thirds declined on the main board.

Among gainers, Recruit Holdings rose 2.6% to hit a record high, extending its bull run since its earnings announcement earlier this month.

Internet firm Z Holdings rose 3.4% in heavy trade, while Panasonic gained 3.6%.

On the other hand, steelmakers succumbed to profit-taking after their heavy gains so far this year, with Nippon Steel falling 4.4% and Kobe Steel losing 3.5%.

(Reporting by Hideyuki Sano; editing by Uttaresh.V and Subhranshu Sahu)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
KOBE STEEL, LTD. -2.25% 737 End-of-day quote.33.76%
NIKKEI 225 -0.50% 27641.83 Real-time Quote.1.23%
NIPPON STEEL CORPORATION -1.13% 1974 End-of-day quote.48.64%
PANASONIC CORPORATION -0.15% 1336 End-of-day quote.12.22%
RECRUIT HOLDINGS CO., LTD. -1.41% 5591 End-of-day quote.29.39%
Z HOLDINGS CORPORATION 1.29% 565.7 End-of-day quote.-9.40%
All news about RECRUIT HOLDINGS CO., LTD.
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07/15Recruit Holdings to Issue Stock Options to Directors, Executives
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07/14Japanese shares end lower on caution ahead of Fed chair's testimony
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07/14RECRUIT : Announces Issuance of Stock Options
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07/11Japanese shares jump on recovery hopes, Yaskawa forecast
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07/07RECRUIT : Live streaming of the Conference Call for Financial Results for Q1 FY2..
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06/30Japanese shares drop on worries about COVID-19 resurgence
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06/27Japan's Nikkei inches lower as chip-related stocks slip
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06/22RECRUIT : Announces Entering into Agreements Regarding Going Private Transaction..
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06/21CHINA MERCHANTS BANK : Nasdaq-listed Chinese HR Firm 51job Accepts $5.7 Billion ..
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More news
Financials
Sales 2022 2 502 B 22 931 M 22 931 M
Net income 2022 183 B 1 675 M 1 675 M
Net cash 2022 550 B 5 041 M 5 041 M
P/E ratio 2022 50,2x
Yield 2022 0,54%
Capitalization 9 209 B 84 421 M 84 392 M
EV / Sales 2022 3,46x
EV / Sales 2023 3,08x
Nbr of Employees 46 800
Free-Float 81,2%
Chart RECRUIT HOLDINGS CO., LTD.
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Recruit Holdings Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RECRUIT HOLDINGS CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Last Close Price 5 591,00 JPY
Average target price 6 078,57 JPY
Spread / Average Target 8,72%
EPS Revisions
Managers and Directors
Hisayuki Idekoba President, CEO & Representative Director
Masumi Minegishi Chairman
Hiroaki Ogata Executive Officer & Head-Investment
Naoki Izumiya Independent Outside Director
Hiroki Totoki Independent Outside Director
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