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    6857   JP3122400009

ADVANTEST CORPORATION

(6857)
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Japanese shares fall on disappointing corporate outlook

10/27/2021 | 10:53pm EST

TOKYO, Oct 28 (Reuters) - Japanese shares fell on Thursday, as disappointing outlook by technology blue-chip companies prompted a broader sell-off, though gains in heavyweight chip-related shares limited losses.

The Nikkei share average was down 0.9% to 28,829.54 by 0206 GMT, while the broader Topix fell 0.65% to 2,000.68.

"I had expected some companies would miss market expectations at this earnings season but downward revisions were a big surprise. That has hurt investor sentiment," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.

"Investors are awaiting Toyota's earnings next week because automakers affect their related industries. At the same time the U.S. Fed's policy meeting is also a big factor for their sentiment."

Robot maker Fanuc tumbled 8.54% as it cut outlook for this year, citing shortages of chips and other parts.

Hitachi lost 1.39% production cut of automakers due to lack of chips had affected the technology conglomerate.

Computer maker Fujitsu also fell 8% after its outlook missed expectations.

Japanese market also tracked an overnight weaker finish of S&P 500, which ended lower due to a drop in oil prices and a pullback in Treasury yields.

Investors remained cautious about central banks' rate policies ahead of the Fed's policy meeting next week, Kamada said.

On Thursday the Bank of Japan is expected to keep monetary policy settings steady, and also project inflation to stay below its 2% target for at least two more years.

On the other hand, silicon wafer maker Shin-Etsu Chemical gained 3.21% and chip-making equipment maker Screen Holdings jumped 8.74 on robust earnings.

Their peers Tokyo Electron rose 1.96% and Advantest jumped 3.61%, limiting overall losses on Nikkei.

(Reporting by Junko Fujita; Editing by Rashmi Aich)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADVANTEST CORPORATION -2.87% 9810 End-of-day quote.26.91%
FANUC CORPORATION -2.68% 23035 End-of-day quote.-9.17%
FUJITSU LIMITED -1.35% 19385 End-of-day quote.30.06%
HITACHI, LTD. -2.92% 7087 End-of-day quote.74.34%
SCREEN HOLDINGS CO., LTD. -1.54% 11490 End-of-day quote.51.18%
SHIN-ETSU CHEMICAL CO., LTD. -3.70% 19260 End-of-day quote.6.76%
TOKYO ELECTRON LIMITED -2.31% 60840 End-of-day quote.58.44%
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Financials
Sales 2022 402 B 3 549 M 3 549 M
Net income 2022 82 673 M 730 M 730 M
Net cash 2022 136 B 1 203 M 1 203 M
P/E ratio 2022 23,0x
Yield 2022 1,35%
Capitalization 1 901 B 16 768 M 16 774 M
EV / Sales 2022 4,39x
EV / Sales 2023 3,91x
Nbr of Employees 4 494
Free-Float 97,4%
Chart ADVANTEST CORPORATION
Duration : Period :
Advantest Corporation Technical Analysis Chart | 6857 | JP3122400009 | MarketScreener
Technical analysis trends ADVANTEST CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 9 810,00 JPY
Average target price 11 435,06 JPY
Spread / Average Target 16,6%
EPS Revisions
Managers and Directors
Yoshiaki Yoshida Executive President, CEO & Representative Director
Koichi Tsukui Director & Chief Technology Officer
Kazuhiro Yamashita Executive Officer & GM-Technology Development
Atsushi Fujita CFO, Director & Chief Compliance Officer
Osamu Karatsu Independent Outside Director
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