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    9983   JP3802300008

FAST RETAILING CO., LTD.

(9983)
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Nikkei tracks Wall Street higher amid earnings optimism

10/25/2021 | 11:43pm EST

TOKYO, Oct 26 (Reuters) - Japan's Nikkei share average rallied strongly on Tuesday amid earnings optimism, and following gains on Wall Street overnight that took the Dow and S&P 500 to record highs.

The Nikkei added 1.8% to 29,100.57 as of the midday break, with heavily weighted names like Uniqlo-owner Fast Retailing jumping 4.2% and SoftBank Group rising 2.2%.

The broader Topix advanced 1.2% to 2,019.30, with all 33 sectors posting gains, led by a 2.6% rally in iron and steel companies.

U.S. e-mini futures pointed to a 0.3% rise at the re-open for the S&P 500, and an index of Asia-Pacific stocks outside Japan also edged higher, further supporting investor sentiment.

A large proportion of S&P 500 companies are due to report results this week, including technology heavyweights Apple, Amazon, Microsoft, and Google-operator Alphabet, which have been the drivers of the Wall Street rally this year.

Sony Group rose 2.4% to the highest since 2000 ahead of earnings results on Thursday. Motor-maker Nidec added 0.4% before reporting financial results later Tuesday.

"Before earnings season gets into full swing, the market is focused the psychologically important 29,000 level, and investors may want to take a wait-and-see attitude there," said a market participant at a domestic securities firm. (Reporting by Tokyo markets team; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FAST RETAILING CO., LTD. 3.42% 68090 Delayed Quote.0.81%
NIDEC CORPORATION 0.64% 9641 Delayed Quote.-29.14%
SOFTBANK GROUP CORP. 2.20% 4795 Delayed Quote.-13.65%
SONY GROUP CORPORATION 3.95% 12235 Delayed Quote.-18.69%
TOPIX INDEX 1.87% 1876.89 Real-time Quote.-7.52%
All news about FAST RETAILING CO., LTD.
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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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01/18FAST RETAILING : UNIQLO Renews Commitment to Wheelchair Tennis Tour - Extends Agreement wi..
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01/18Nikkei 225 Down 0.3% on Wall Street Cues, Omicron Outlook
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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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01/17UPDATE1 : Tokyo stocks rise in morning on Europe markets, BOJ policy in focus
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More news
Analyst Recommendations on FAST RETAILING CO., LTD.
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Financials
Sales 2022 2 260 B 19 612 M 19 612 M
Net income 2022 190 B 1 652 M 1 652 M
Net cash 2022 612 B 5 315 M 5 315 M
P/E ratio 2022 36,6x
Yield 2022 0,78%
Capitalization 6 956 B 60 258 M 60 372 M
EV / Sales 2022 2,81x
EV / Sales 2023 2,50x
Nbr of Employees 55 589
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
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 68 090,00 JPY
Average target price 78 836,46 JPY
Spread / Average Target 15,8%
EPS Revisions
Managers and Directors
Tadashi Yanai Director
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$)
FAST RETAILING CO., LTD.0.81%58 267
INDITEX-4.21%94 938
KERING-7.62%90 113
ROSS STORES, INC.-17.08%33 520
HENNES & MAURITZ AB0.33%31 573
ZALANDO SE-8.29%18 263