Job searcher Recruit's market cap exceeds 10tn yen for first time

$97bn valuation is behind only Toyota, Keyence, Sony, SoftBank and NTT

Tokyo-based Recruit Holdings owns Indeed, a major U.S. job-search platform.

YUKO KITAOKA and HAYATE KOIKE, Nikkei staff writers

August 14, 2021 05:06 JST

TOKYO -- A strong U.S. job market helped boost Japanese human resources company Recruit Holdings' market capitalization to 10.77 trillion yen ($97.5 billion) on Friday, closing above the 10 trillion yen mark for the first time.

Recruit's market cap ranked 159th among roughly 48,000 companies with comparable QUICK-FactSet data, and sixth among Japanese enterprises, behind only Toyota Motor, Keyence, Sony Group, SoftBank Group, and Nippon Telegraph and Telephone.