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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Fanuc Corporation    6954   JP3802400006

FANUC CORPORATION

(6954)
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Japan stocks hit 29-yr high on vaccine cheer, Biden transition

11/23/2020 | 09:33pm EST

TOKYO, Nov 24 (Reuters) - Japanese shares hit a 29-year high on Tuesday as progress in developing an inexpensive coronavirus vaccine boosted hopes of a swift recovery, while a formal transition approval for U.S. President-elect Joe Biden also lifted sentiment.

The Nikkei 225 Index 2.58% to 26,186.53 by 0204 GMT, reaching its highest since May 1991. The broader Topix was up 2.23% at 1,765.91. Energy, real estate, and financial shares led the advance.

AstraZeneca said on Monday its COVID-19 vaccine could be up to 90% effective, cheaper to make and easier to ship than rival vaccines, lifting global equities.

Stocks also got a boost after U.S. President-elect Joe Biden received approval to begin the transition to the White House and after a report that he would pick former Federal Reserve Chair Janet Yellen to be the next Treasury secretary.

"We're getting closer to a vaccine, and we will also get more policy support from the incoming U.S. administration, which are both positive for stocks," said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co.

Japan and many other countries are in the midst of a third pandemic wave, and an affordable vaccine is considered essential to ending restrictions on business activity put in place to slow the spread of the virus.

The stocks that gained the most among the top 30 core Topix names were Shin-Etsu Chemical Co Ltd up 4.42%, followed by Fanuc Corp gaining 3.67%.

The underperformers among the Topix 30 were KDDI Corp down 0.76%, followed by Nintendo Co Ltd losing 0.09%.

There were 219 advancers on the Nikkei index against 5 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 0.63 billion, compared to the average of 1.15 billion in the past 30 days. (Reporting by Stanley White; Editing by Ramakrishnan M.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA PLC -1.00% 7645 Delayed Quote.4.38%
FANUC CORPORATION 1.46% 27525 End-of-day quote.8.54%
KDDI CORPORATION -0.96% 3183 End-of-day quote.3.82%
KOKUSAI CO., LTD. -0.14% 737 End-of-day quote.1.24%
MITSUBISHI UFJ FINANCIAL GROUP, INC. -0.99% 489.7 End-of-day quote.7.37%
NIKKEI 225 -0.38% 28523.26 Real-time Quote.4.33%
NINTENDO CO., LTD. -1.73% 64720 End-of-day quote.-1.69%
SHIN-ETSU CHEMICAL CO., LTD. -1.01% 19095 End-of-day quote.5.85%
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Financials
Sales 2021 507 B 4 893 M 4 893 M
Net income 2021 77 097 M 744 M 744 M
Net cash 2021 571 B 5 508 M 5 508 M
P/E ratio 2021 68,0x
Yield 2021 0,92%
Capitalization 5 280 B 50 959 M 50 940 M
EV / Sales 2021 9,29x
EV / Sales 2022 7,70x
Nbr of Employees 8 164
Free-Float 94,3%
Chart FANUC CORPORATION
Duration : Period :
Fanuc Corporation Technical Analysis Chart | 6954 | JP3802400006 | MarketScreener
Technical analysis trends FANUC CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 25 082,63 JPY
Last Close Price 27 525,00 JPY
Spread / Highest target 19,9%
Spread / Average Target -8,87%
Spread / Lowest Target -56,4%
EPS Revisions
Managers and Directors
NameTitle
Kenji Yamaguchi President, CEO & Representative Director
Yoshiharu Inaba Chairman
Yoshihiro Gonda CFO, Representative Director & Executive VP
Hiroyuki Uchida Representative Director, CTO & Executive VP
Richard E. Schneider Director
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