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MarketScreener Homepage  >  Equities  >  Japan Exchange  >  Hitachi Metals, Ltd.    5486   JP3786200000

HITACHI METALS, LTD.

(5486)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 04/14
1930 JPY   +0.52%
04/09HITACHI METALS  : Corporate Governance Report
PU
04/08Japan shares slip on coronavirus concerns
RE
04/07HITACHI  : mulls sale of metal unit to Bain Capital-led group
AQ
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Japan stocks fall on virus woes, but M&As lift some industrials

04/07/2021 | 10:31pm EDT

TOKYO, April 8 (Reuters) - Japanese stocks fell on Thursday as concerns about a spike in domestic coronavirus infections and a potential return of restrictions on economic activity prompted investors to lock in profit on recent gains.

The Nikkei 225 Index was down 0.38% at 29,618.93, as of 0203 GMT, while the broader Topix declined 0.85% to 1,950.57.

The governor of Tokyo is considering adopting emergency measures in response to a sudden increase in coronavirus infections and the spread of a new variant of the virus, according to domestic media.

The western city of Osaka is also set to declare a medical emergency after its number of new infections rose to a record high, which has sparked alarm among public health officials.

Reduced operating hours for restaurants and shops intended to slow the infection rate could hamper economic growth. In addition, more analysts are starting to express concern about Japan's slow pace of vaccination against the coronavirus.

"Japanese equities may slow down relative to other markets," Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management Co said.

"Markets are placing a lot of emphasis on the size of fiscal stimulus and the vaccination rate. More restrictions would be a negative factor because that would delay a recovery in services consumption."

The underperformers among the Topix 30 were Takeda Pharmaceutical Co Ltd down 2.85%, followed by Mitsubishi UFJ Financial Group Inc losing 2.41%.

In the positive territory, Hitachi Metals Ltd rose 4.36% after the Nikkei newspaper reported that a group led by Bain Capital has emerged as the preferential bidder for a 53% stake in the company worth around $7.3 billion.

Shares in parent company Hitachi Ltd fell 1.03%.

Toshiba Corp rose 1.21% a day after receiving a $20 billion offer from CVC Capital Partners to take it private. In the previous session, Toshiba's shares surged by their daily limit to the highest in more than four years. (Reporting by Stanley White, Editing by Sherry Jacob-Phillips)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HITACHI METALS, LTD. 0.52% 1930 End-of-day quote.23.24%
HITACHI, LTD. -2.06% 5141 End-of-day quote.26.47%
MITSUBISHI UFJ FINANCIAL GROUP, INC. -0.46% 583.8 End-of-day quote.28.00%
NIKKEI 225 -0.44% 29620.99 Real-time Quote.8.41%
TAKEDA PHARMACEUTICAL COMPANY LIMITED -0.40% 3701 End-of-day quote.-1.44%
TOSHIBA CORPORATION 5.77% 4860 End-of-day quote.68.46%
All news about HITACHI METALS, LTD.
04/09HITACHI METALS  : Corporate Governance Report
PU
04/08Japan shares slip on coronavirus concerns
RE
04/07HITACHI  : mulls sale of metal unit to Bain Capital-led group
AQ
04/07Japan stocks fall on virus woes, but M&As lift some industrials
RE
04/07Hitachi in talks with Bain to sell metals unit for over 800 billion yen - Nik..
RE
03/31Hitachi to buy U.S. software developer GlobalLogic for $9.6 billion
RE
03/31Hitachi to buy U.S. software developer GlobalLogic for $9.6 billion
RE
03/30HITACHI METALS  : Launches New Web Site to Introduce Medical Fine Gauge Cable Gl..
BU
03/25MARKET CHATTER : Hitachi Reportedly Shortlists KKR for Metals Unit
MT
02/26HITACHI METALS  : Correction to "Notice Concerning the Structural Reforms of the..
PU
More news
Financials
Sales 2021 757 B 6 947 M 6 947 M
Net income 2021 -42 356 M -389 M -389 M
Net Debt 2021 135 B 1 237 M 1 237 M
P/E ratio 2021 -19,5x
Yield 2021 0,45%
Capitalization 825 B 7 573 M 7 575 M
EV / Sales 2021 1,27x
EV / Sales 2022 1,11x
Nbr of Employees 29 805
Free-Float 46,1%
Chart HITACHI METALS, LTD.
Duration : Period :
Hitachi Metals, Ltd. Technical Analysis Chart | 5486 | JP3786200000 | MarketScreener
Technical analysis trends HITACHI METALS, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 1 526,43 JPY
Last Close Price 1 930,00 JPY
Spread / Highest target -2,59%
Spread / Average Target -20,9%
Spread / Lowest Target -37,8%
EPS Revisions
Managers and Directors
NameTitle
Mitsuaki Nishiyama Co-Chairman, CEO & Executive President
Hiroaki Nishioka Chief Financial Officer & Head-Administration
Kenichi Nishiie Co-Chairman
Kazuya Murakami Managing Executive Officer, General Manager-R&D
Ryoichi Aida Chief Quality Officer & Head-Technology
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