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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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Nikkei gains as SoftBank, Uniqlo owner rebound

07/06/2021 | 02:57am EDT

TOKYO, July 6 (Reuters) - Japan's Nikkei ended modestly higher on Tuesday as shares of SoftBank Group and Fast Retailing rebounded, although worries over a potential spike in coronavirus infections during the Olympics limited gains.

The Nikkei share average closed 0.16% higher at 28,643.21, giving up earlier gains of 0.5%. The broader Topix gained 0.28% at 1,954.50.

Tech-startup investor SoftBank Group rose 1% and Uniqlo clothing chain operator Fast Retailing added 0.45%, while air-conditioner maker Daikin Industries rallied 2.6%, following sharp declines on Monday.

The Nikkei had slid more than 0.6% in the previous session after a rise in COVID-19 cases in Tokyo over the weekend.

"It looks like there is some buying back of shares after yesterday's sell-off," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.

"There will soon be a big influx of athletes and media from around the world for the Olympics, and investors worry there could be a spike in infections, which is capping any rise in Japanese stocks."

Japan's government is likely to decide on Thursday to extend a state of quasi-emergency in Tokyo and three nearby prefectures beyond an original end-date of July 11.

Industrial machinery manufacturer Hitachi Zozen was the biggest percentage gainer on the Nikkei, rising 4.2%, while the biggest percentage loser was packaging container maker Toyo Seikan Group Holdings, which suffered a 4.1% decline.

Among sectors, air transport gained the most on the Topix, adding 2.8%. Oil and coal producers were next, up 1.8%, followed by miners, which rose 1.6%.

Shippers fell the most, down 1%, with securities firms down 0.7%, followed by a 0.6% decline for pharma companies.

(Reporting by Kevin Buckland in Tokyo; Editing by Shailesh Kuber and Amy Caren Daniel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DAIKIN INDUSTRIES,LTD. -4.71% 26680 End-of-day quote.16.40%
FAST RETAILING CO., LTD. -2.30% 74630 End-of-day quote.-19.29%
HITACHI ZOSEN CORPORATION -1.60% 920 End-of-day quote.61.40%
SOFTBANK GROUP CORP. -4.98% 6329 End-of-day quote.-21.46%
TOYO SEIKAN GROUP HOLDINGS, LTD. -1.47% 1345 End-of-day quote.19.34%
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Analyst Recommendations on SOFTBANK GROUP CORP.
More recommendations
Financials
Sales 2022 6 040 B 55 123 M 55 123 M
Net income 2022 1 310 B 11 954 M 11 954 M
Net Debt 2022 14 983 B 137 B 137 B
P/E ratio 2022 8,69x
Yield 2022 0,70%
Capitalization 10 842 B 99 238 M 98 947 M
EV / Sales 2022 4,28x
EV / Sales 2023 4,05x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 329,00 JPY
Average target price 10 345,20 JPY
Spread / Average Target 63,5%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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