In today’s briefing:
- Recruit: Share Price Continues to Fall with Labor Markets Further Slow Down
- The Rift Between Managers and Shareholders of Standard Market-Listed Companies Is Likely to Deepen
Recruit: Share Price Continues to Fall with Labor Markets Further Slow Down
- Recruit’s share price is down more than 10% over the last 30-days despite there being a significant improvement in job openings in the US for the month of August.
- The web traffic on both Glassdoor and Indeed also have declined in September compared to August where there was a MoM improvement in August 2023.
- Though Recruit has guided for a decline in earnings, we think there is further downside to the company’s guidance.
The Rift Between Managers and Shareholders of Standard Market-Listed Companies Is Likely to Deepen
- Many of the companies that didn’t meet the listing criteria for the prime market still failed to gain market recognition over an 18-month period and moved to the standard market.
- It is believed that TSE expects more companies to gradually drop out of Prime Market by raising the hurdle for effort targets that aren’t explicitly stated in the listing criteria.
- As quality differences gradually emerge between the Prime and Standard markets, the rift between management awareness and shareholders of Standard market-listed companies is likely to deepen in the future.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
