Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. East Japan Railway Company
  6. News
  7. Summary
    9020   JP3783600004

EAST JAPAN RAILWAY COMPANY

(9020)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japanese shares drop as Moderna chief comments fan Omicron fears

11/30/2021 | 02:01am EST

TOKYO, Nov 30 (Reuters) - Japanese shares dropped for the third straight session on Tuesday after Moderna's chief executive officer told the Financial Times that existing COVID-19 vaccines would likely be much less effective at tackling Omicron than earlier variants.

The Nikkei average lost 1.63% to 27,821.76, hitting its lowest level since Oct. 7 and erasing earlier gains fuelled by hopes that Omicron's impact might not be as severe as feared. It has lost 5.7% in the past three sessions.

The broader Topix lost 1.03% to a three-month low of 1,928.35, slipping further below its closely-watched 200-day moving average.

Both indexes erased their hefty, earlier gains after the Financial Times reported that the head of drugmaker Moderna said COVID-19 vaccines were unlikely to be as effective against the Omicron as they had been previously.

Vaccine resistance could lead to more sickness and hospitalisations and prolong the pandemic.

Some fund managers also pointed out the market is vulnerable because inflation fears are prompting central banks around the world to wind down their stimulus.

"The report about the vaccine was just a trigger and it is a superficial reason. The real problem is the withdrawal of excess liquidity. The party is over," said Yasuo Sakuma, chief investment officer at Libra Investments.

Car makers were among the worst hit despite signs their chip shortage woes are easing, as the yen strengthened on safe-haven buying.

Nissan Motor lost 5.2% while Mitsubishi Motors dropped 4.4% and Toyota fell 0.6%.

Cyclials such as steelmakers also suffered, with the Topix steelmaker index losing 2.4% to be the worst performing sector, followed by a 1.9% fall in shippers .

The market was also saddled by net selling, estimated to be around 200 billion yen, from passive accounts that track MSCI as 15 Japanese stocks will be eliminated from the index while only two will be added.

Meanwhile, some battered travel-related stocks were resilient. The TSE Land Transport Index, mainly made up of train operators, rose 0.5%, with Keio up 2.4% and East Japan Railway adding 1.9%. (Reporting by Hideyuki Sano; Editing by Sherry Jacob-Phillips and Subhranshu Sahu)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EAST JAPAN RAILWAY COMPANY -3.80% 6411 Delayed Quote.-5.78%
KEIO CORPORATION 0.78% 5180 Delayed Quote.1.38%
MITSUBISHI MOTORS CORPORATION -1.29% 307 Delayed Quote.-3.12%
MODERNA, INC. 1.59% 154.96 Delayed Quote.-38.99%
NISSAN MOTOR CO LTD -2.41% 590.9 Delayed Quote.8.94%
TOPIX INDEX -2.61% 1842.44 Real-time Quote.-4.80%
TOYOTA MOTOR CORPORATION -2.63% 2163 Delayed Quote.5.51%
All news about EAST JAPAN RAILWAY COMPANY
01/24JR East mulls providing wearable cameras to station staff
AQ
2021EAST JAPAN RAILWAY : Q&A summary of Small Meetings
PU
2021Japan Index Ends Two-Day Losing Streak; Toyota Plans January Production Cuts
MT
2021JR East, West to cut commuter services next year amid pandemic
AQ
2021Japanese shares end lower on Omicron worries, Fed's hawkish tilt
RE
2021Japanese shares fall on Omicron, Fed worries
RE
2021Japanese shares drop as Moderna chief comments fan Omicron fears
RE
2021Nikkei hits 1-1/2-month low on Omicron variant fears
RE
2021Nikkei pares early losses as investors digest risks from Omicron
RE
2021Japanese consortium Eyes Yen-Based Digital Currency Launch in FY22
MT
More news
Financials
Sales 2022 2 082 B 18 162 M 18 162 M
Net income 2022 -129 059 M -1 126 M -1 126 M
Net Debt 2022 4 017 B 35 036 M 35 036 M
P/E ratio 2022 -19,5x
Yield 2022 1,50%
Capitalization 2 514 B 21 985 M 21 926 M
EV / Sales 2022 3,14x
EV / Sales 2023 2,58x
Nbr of Employees 71 973
Free-Float -
Chart EAST JAPAN RAILWAY COMPANY
Duration : Period :
East Japan Railway Company Technical Analysis Chart | 9020 | JP3783600004 | MarketScreener
Technical analysis trends EAST JAPAN RAILWAY COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 6 664,00 JPY
Average target price 7 656,36 JPY
Spread / Average Target 14,9%
EPS Revisions
Managers and Directors
Yuji Fukasawa President & Representative Director
Ryoji Akaishi MD, Manager-Legal Strategy, Head-Audit & Finance
Atsuko Ito Executive Officer & Manager-Finance
Tetsuro Tomita Chairman
Tomomichi Ota Managing Director & Deputy GM-Railway Business