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Youngest Nikkei 225 CEO seeks to simplify hiring in COVID-19 era

Jul 6, 2021 Staffing and internet firm Recruit Holdings Co., one of Japan’s biggest and most laid-back companies, was well positioned for the work-from-home shift and transition to a post-COVID-19 future, said Chief Executive Officer Hisayuki Idekoba. The “ground-up type of culture” at Japan’s fifth-biggest company, where employees are judged on their ability to deliver results rather than time spent in the office or sitting in meetings, was an asset during the pandemic, according to Idekoba, 46, who became the youngest CEO in the Nikkei 225 Index when he took over in April. “We’re relatively flexible and we were OK to have changes all the time,” Idekoba said in a recent interview at Recruit’s Tokyo headquarters. “This office, probably we have 10% or less employees here.”

CEO who failed in Silicon Valley spurs 4,500% stock gain at home in Japan

Jul 6, 2021 Takanori Nakamura pulled out of Silicon Valley in 2015 after his mobile marketing software flopped and decided to focus everything on his home country, Japan. Now those efforts are paying off. His company, Rakus Co., has surged more than 4,500% since going public in Tokyo that year for one of the best performances on the country’s benchmark stock index. Nakamura, who owns 34% of the cloud-based expense software firm and serves as its president and chief executive officer, has seen his net worth jump to about $1.8 billion (¥199 billion), according to the Bloomberg Billionaires Index. Rakus is the latest Japanese startup to create vast riches for its founder as its shares surged after going public. It’s also another example of how some of the country’s hottest stocks apply technologies like artificial intelligence or cloud computing but in business areas that could be described as mundane.

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