In today’s briefing:
- Recruit (6098) Launches ANOTHER Big Buyback
Recruit (6098) Launches ANOTHER Big Buyback
- In January 2022, Recruit Holdings (6098 JP) launched a Tender Offer buyback to buy back shares from NTT Data, Hakuhodo, and TBS.
- Today, Recruit announced another buyback of up to 42mm shares (2.57% of shares out) spending up to ¥150bn, to go from now until 14 March 2023 (5mos).
- This time the buyback should have better traction and market impact, but it is not overwhelming, and the impact will likely lessen at higher share prices.
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