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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Panasonic Corporation    6752   JP3866800000

PANASONIC CORPORATION

(6752)
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Nikkei slips from 30-year peak as focus shifts to corporate earnings

01/22/2021 | 01:33am EST

TOKYO, Jan 22 (Reuters) - Japanese shares retreated from a 30-year peak on Friday, as investors refrained from placing big bets ahead of the corporate earnings season while some locked in profit after a recent rally, which was driven by hopes of a massive U.S. stimulus.

Nikkei share average ended 0.44% lower at 28,631.45, while the broader Topix closed 0.21% weaker at 1,856.64. In the previous session, the index closed at a 30-year high on optimism that a massive stimulus plan by U.S. President Joe Biden will bolster growth.

"Friday's decline is mainly due to profit-taking after U.S. stocks touched new highs," said Hideyuki Ishiguro, senior strategist, Daiwa Securities.

"Investors are also holding off from buying ahead of earnings reports next week."

Asian shares eased from record highs as investors took some money off the table after the recent stimulus-driven rally.

Wall Street peaked overnight, with both the S&P 500 and Nasdaq Composite closing at record highs, pushed upward by continued optimism over a stimulus to weather the fallout of the pandemic.

Ad agency Dentsu Group closed 2.19% lower after a Times report earlier in the day stated the Japanese government has privately concluded that the Tokyo Olympics will be cancelled. The government flatly denied the report.

Nippon Steel fell 3.51% after announcing plans to boost its stake in Tokyo Rope in a public tender offer.

Tokyo Rope surged 28% to a limit high after being untraded earlier in the session with a glut of bids.

Shiseido jumped 4.33% after the cosmetic firm said it was in talks to sell its shampoo and skincare business to private equity CVC Capital Partners.

Panasonic rose 3.28% after Morgan Stanley MUFG Securities raised its target price to 1,700 yen from 1,400 yen.

(Reporting by Junko Fujita, Editing by Sherry Jacob-Phillips)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALSO HOLDING AG 1.65% 247 Delayed Quote.-3.95%
DAIWA SECURITIES GROUP INC. 0.21% 530.1 End-of-day quote.12.79%
DENTSU GROUP INC. 1.09% 3710 End-of-day quote.21.04%
DJ INDUSTRIAL 0.92% 31830.72 Delayed Quote.2.99%
MORGAN STANLEY 2.25% 79.24 Delayed Quote.12.94%
NASDAQ 100 0.23% 13224.117554 Delayed Quote.2.60%
NASDAQ COMP. 0.59% 13544.619682 Delayed Quote.4.48%
NIKKEI 225 -1.61% 29671.7 Real-time Quote.9.88%
NIPPON STEEL CORPORATION 0.97% 1566.5 End-of-day quote.17.96%
PANASONIC CORPORATION -1.18% 1424.5 End-of-day quote.19.66%
S&P 500 0.79% 3912.3 Delayed Quote.3.21%
SHISEIDO COMPANY, LIMITED 0.02% 8152 End-of-day quote.14.24%
TOKYO ROPE MFG. CO., LTD. -0.90% 1432 End-of-day quote.88.92%
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Financials
Sales 2021 6 640 B 62 678 M 62 678 M
Net income 2021 139 B 1 316 M 1 316 M
Net Debt 2021 142 B 1 345 M 1 345 M
P/E ratio 2021 24,2x
Yield 2021 1,72%
Capitalization 3 324 B 31 613 M 31 376 M
EV / Sales 2021 0,52x
EV / Sales 2022 0,47x
Nbr of Employees 245 546
Free-Float 90,8%
Chart PANASONIC CORPORATION
Duration : Period :
Panasonic Corporation Technical Analysis Chart | 6752 | JP3866800000 | MarketScreener
Technical analysis trends PANASONIC CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 1 413,88 JPY
Last Close Price 1 424,50 JPY
Spread / Highest target 54,4%
Spread / Average Target -0,75%
Spread / Lowest Target -38,2%
EPS Revisions
Managers and Directors
NameTitle
Kazuhiro Tsuga President, CEO & Representative Director
Hirokazu Umeda CFO, Director & Managing Executive Officer
Shusaku Nagae Chairman
Yoshiyuki Miyabe Chief Technology & Information Officer
Laurence William Bates Director & Chief Compliance Officer
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