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    9983   JP3802300008

FAST RETAILING CO., LTD.

(9983)
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Nikkei flat as coronavirus resurgence in Europe hits sentiment

10/15/2020 | 11:06pm EDT

TOKYO, Oct 16 (Reuters) - Japan’s Nikkei share average was nearly flat on Friday as new coronavirus curbs in Europe dimmed hopes of a global economic recovery, although gains in Fast Retailing after it forecast upbeat annual earnings helped to cap losses.

The benchmark Nikkei share average was little changed at 23,523.37 by the midday break, with 80 advancers on the index against 137 decliners. The broader Topix lost 0.28% to 1,627.14.

Both the indexes were set to post weekly losses.

All but ten of the 33 sector sub-indexes on the Tokyo exchange traded lower, with real estate, pharmaceuticals and land transport leading the decline on the main bourse.

The sentiment was weighed down by the introduction of new coronavirus restrictions in Europe, with London entering a tighter lockdown and France imposing night curfews in major cities to curb a jump in COVID-19 cases.

Some investors also remained on the sidelines due to uncertainty over the U.S. stimulus talks, and ahead of the U.S. presidential election and earnings reports from domestic firms.

The Nikkei, however, was supported by index heavyweight Fast Retailing, which jumped more than 4.4% after the retailer forecast a stronger-than-expected surge in operating profit this business year.

The stocks that gained the most among the top 30 core Topix names were Astellas Pharma Inc up 1.28%, followed by Hitachi Ltd.

The underperformers among the Topix 30 were Sony Corp down 2.13%, followed by Takeda Pharmaceutical Co Ltd losing 1.90%.

The Mothers Index of start-up firms lost 0.64%, on course to snap four consecutive weekly gains. (Reporting by Eimi Yamamitsu; Editing by Aditya Soni)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASTELLAS PHARMA INC. -8.81% 1739 End-of-day quote.9.10%
FAST RETAILING CO., LTD. -0.95% 73920 End-of-day quote.-20.06%
HITACHI, LTD. -2.39% 6258 End-of-day quote.53.95%
NIKKEI 225 -1.80% 27283.59 Real-time Quote.-0.59%
SONY GROUP CORPORATION -1.26% 11375 End-of-day quote.10.60%
TAKEDA PHARMACEUTICAL COMPANY LIMITED -1.97% 3682 End-of-day quote.-1.94%
All news about FAST RETAILING CO., LTD.
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07/20Japan's Nikkei ends at 6-month low amid rising COVID-19 cases
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07/16Nikkei dips below 28,000 as tech stocks track Nasdaq slide
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07/15Nikkei breaks below 28,000 as tech stocks track Nasdaq slide
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07/15FAST RETAILING : Exchange notice - resumption of trading
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07/15Consumer Cos Down Amid Mortgage Rate Doubts -- Consumer Roundup
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07/15FAST RETAILING : Results Summary for the Nine Months to May 31, 2021
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More news
Financials
Sales 2021 2 195 B 20 011 M 20 011 M
Net income 2021 166 B 1 518 M 1 518 M
Net cash 2021 530 B 4 831 M 4 831 M
P/E ratio 2021 45,5x
Yield 2021 0,67%
Capitalization 7 549 B 68 782 M 68 821 M
EV / Sales 2021 3,20x
EV / Sales 2022 2,86x
Nbr of Employees 57 727
Free-Float 51,4%
Chart FAST RETAILING CO., LTD.
Duration : Period :
Fast Retailing Co., Ltd. Technical Analysis Chart | 9983 | JP3802300008 | MarketScreener
Technical analysis trends FAST RETAILING CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Last Close Price 73 920,00 JPY
Average target price 87 728,57 JPY
Spread / Average Target 18,7%
EPS Revisions
Managers and Directors
Tadashi Yanai Chairman, President & Group CEO
Takeshi Okazaki CFO, Director & Group Senior Executive Officer
Masaaki Shintaku Independent Outside Director
Toru Hambayashi Independent Outside Director
Nobumichi Hattori Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
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