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    8035   JP3571400005

TOKYO ELECTRON LTD

(8035)
  Report
Delayed Quote. Delayed Japan Exchange - 01/21 01:00:00 am
57510 JPY   -6.20%
04:54aNikkei 225 Down 0.9% as Omicron Concerns Mount
MT
01:32aJapanese shares fall as tech stocks track Nasdaq lower
RE
01/20Japanese shares track Wall Street lower, tech stocks weigh
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japanese shares end lower on weaker yen, rising cost worries

11/17/2021 | 01:34am EST

TOKYO, Nov 17 (Reuters) - Japanese shares reversed course to end lower on Wednesday, as concerns over rising costs and a weaker yen outweighed strength in technology heavyweights tracking overnight Wall Street gains.

The Nikkei share average fell 0.4% to close at 29,688.33, while the broader Topix lost 0.6% to 2,038.34.

Overnight, all the three major indexes on Wall Street closed higher on the back of upbeat retail sales data. 1 "The yen's weakness against the dollar is good for some companies but also a negative factor for others. Investors are now focusing on the latter, especially because material costs are rising," said Yutaka Miura, a senior technical analyst at Mizuho Securities.

"But declines in Japanese shares are limited thanks to the solid performance of the U.S. market."

The dollar reached a four-and-a-half-year high against the yen after better-than-expected U.S. retail data.

Japanese shares also came under pressure after a local media report said Japan's government and ruling party will consider debating next year an increase to the country's capital gains tax as part of efforts to address income disparities.

Staffing agency Recruit Holdings, down 4.61%, was the biggest drag on both Nikkei and Topix, while automaker Toyota Motor slipped 0.63% and air conditioning maker Daikin Industries lost 2.06%.

Technology heavyweights tracked the Nasdaq higher, with Tokyo Electron rising 3.31%, SoftBank Group edging up 0.27% and Advantest adding 3.23%.

Oil refiner Idemitsu Kosan advanced 1.15%, after the industry ministry said it was considering a measure to mitigate a sharp rise in gasoline prices by providing oil refiners with subsidies to allow them to cap wholesale prices. (Editing by Rashmi Aich)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADVANTEST CORPORATION -3.98% 9650 Delayed Quote.-7.80%
DAIKIN INDUSTRIES, LTD. -0.18% 24765 Delayed Quote.-4.91%
IDEMITSU KOSAN CO., LTD. -1.72% 3140 Delayed Quote.8.78%
RECRUIT HOLDINGS CO., LTD -2.07% 6019 Delayed Quote.-11.85%
SOFTBANK GROUP CORP. -0.72% 5487 Delayed Quote.1.71%
TOKYO ELECTRON LTD -6.20% 57510 Delayed Quote.-7.50%
TOPIX INDEX -0.59% 1927.18 Real-time Quote.-3.64%
TOYOTA MOTOR CORPORATION -2.48% 2284.5 Delayed Quote.11.26%
All news about TOKYO ELECTRON LTD
04:54aNikkei 225 Down 0.9% as Omicron Concerns Mount
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01:32aJapanese shares fall as tech stocks track Nasdaq lower
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01/20Japanese shares track Wall Street lower, tech stocks weigh
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01/20Nikkei rebounds from 5-month low on China rate cut, game-maker rally boost
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01/19Nikkei rebounds from five-month low as Sony, Toyota advance
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01/19Nikkei falls to 5-month low dragged down by Toyota, Sony
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01/18Japanese shares track Wall Street lower; Toyota, Sony decline
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01/18Japanese shares give up gains on rising U.S. bond yields
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01/18Japan shares reverse early gains on rising U.S. bond yields
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01/17Japanese shares track European peers higher, heavyweights advance
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More news
Analyst Recommendations on TOKYO ELECTRON LTD
More recommendations
Financials
Sales 2022 1 920 B 16 842 M 16 842 M
Net income 2022 410 B 3 597 M 3 597 M
Net cash 2022 331 B 2 908 M 2 908 M
P/E ratio 2022 23,3x
Yield 2022 2,13%
Capitalization 9 546 B 83 715 M 83 744 M
EV / Sales 2022 4,80x
EV / Sales 2023 4,34x
Nbr of Employees 14 479
Free-Float 95,2%
Chart TOKYO ELECTRON LTD
Duration : Period :
Tokyo Electron Ltd Technical Analysis Chart | 8035 | JP3571400005 | MarketScreener
Technical analysis trends TOKYO ELECTRON LTD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 61 310,00 JPY
Average target price 62 206,26 JPY
Spread / Average Target 1,46%
EPS Revisions
Managers and Directors
Toshiki Kawai Chief Operating Officer, Director & Vice President
Tetsuo Tsuneishi Director
Charles Ditmars Lake Independent Outside Director
Micho Sasaki Independent Outside Director
Akiko Eda Independent Outside Director
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