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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Recruit Holdings Co., Ltd.    6098   JP3970300004

RECRUIT HOLDINGS CO., LTD.

(6098)
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Japan shares flirt with 29-year high on vaccine, stimulus hopes

11/30/2020 | 09:45pm EST

TOKYO, Dec 1 (Reuters) - Japanese shares rose toward a 29-year high on Tuesday, tracking gains in U.S. stock futures on the back of growing optimism that major drugmakers will roll out coronavirus vaccines some time before the end of the year.

The Nikkei 225 index climbed 1.42% to 26,810.05 by 0212 GMT, moving closer toward a 29-year high of 26,830.10 reached on Monday. The broader Topix rose 0.86% to 1,769.91.

Makers of precision equipment, electronic parts, and chemicals led the advance in a sign that investors are betting on cyclical companies with close links to global demand.

Japanese stocks got off to a bright start after Moderna Inc said it had applied for U.S. emergency authorization for its COVID-19 vaccine. Moderna's candidate is the second vaccine likely to win U.S. approval for a potential rollout this year.

In addition, Japan's government has vowed to compile a stimulus package to help the economy mitigate short-term economic impacts from a recent rise in coronavirus infections.

"There may be some slight adjustments, but Japanese stocks won't fall very far," said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co.

"Approval of a vaccine is a big boost. Some traders are also focused on an increase in Japanese fiscal spending."

U.S. stock futures rose 0.83% in early Asian trade, which also bolstered Japanese shares.

The stocks that gained the most among the top 30 core Topix names were Shin-Etsu Chemical Co Ltd, up 4.46%, followed by Fanuc Corp, which rose 3.53%.

The underperformers among the Topix 30 were Recruit Holdings Co Ltd, down 2.80%, followed by Nintendo Co Ltd , losing 1.94%.

There were 170 advancers on the Nikkei index against 49 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 0.57 billion, compared to the average of 1.27 billion in the past 30 days. (Reporting by Stanley White; Editing by Subhranshu Sahu)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FANUC CORPORATION -0.54% 27525 End-of-day quote.8.54%
KOKUSAI CO., LTD. 0.00% 732 End-of-day quote.0.55%
MITSUBISHI UFJ FINANCIAL GROUP, INC. -0.64% 497.9 End-of-day quote.9.16%
MODERNA, INC. -0.05% 129.65 Delayed Quote.24.10%
NIKKEI 225 -0.62% 28519.18 Real-time Quote.3.92%
NINTENDO CO., LTD. -0.18% 65690 End-of-day quote.-0.21%
RECRUIT HOLDINGS CO., LTD. -0.77% 4533 End-of-day quote.4.91%
SHIN-ETSU CHEMICAL CO., LTD. -0.68% 18950 End-of-day quote.5.04%
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More news
Financials
Sales 2021 2 180 B 20 985 M 20 985 M
Net income 2021 114 B 1 101 M 1 101 M
Net cash 2021 399 B 3 843 M 3 843 M
P/E ratio 2021 65,6x
Yield 2021 0,45%
Capitalization 7 882 B 75 932 M 75 852 M
EV / Sales 2021 3,43x
EV / Sales 2022 3,12x
Nbr of Employees 49 370
Free-Float 78,5%
Chart RECRUIT HOLDINGS CO., LTD.
Duration : Period :
Recruit Holdings Co., Ltd. Technical Analysis Chart | 6098 | JP3970300004 | MarketScreener
Technical analysis trends RECRUIT HOLDINGS CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 4 665,71 JPY
Last Close Price 4 533,00 JPY
Spread / Highest target 19,1%
Spread / Average Target 2,93%
Spread / Lowest Target -51,5%
EPS Revisions
Managers and Directors
NameTitle
Masumi Minegishi President, CEO & Representative Director
Hisayuki Idekoba COO, Director, Executive VP & GM-Finance
Shogo Ikeuchi Director
Ayano Senaha Director & Chief Human Resources Officer
Naoki Izumiya Independent Outside Director
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