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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Fujitsu Limited    6702   JP3818000006

FUJITSU LIMITED

(6702)
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Tokyo Stock Exchange plans new protocols after trading halt

10/19/2020 | 07:11am EST
FILE PHOTO: A man works at the Tokyo Stock Exchange after market opens in Tokyo

TOKYO (Reuters) - The Tokyo Stock Exchange said on Monday it will draw up new rules by next March on how to restart trading following a system failure, after the bourse was paralysed for an entire day earlier this month.

The exchange also said in a statement it will set up a committee with investors, members from investment banks, IT vendors, and a representative from Japan's financial regulator to draft the new guidelines.

On Oct. 1, trading was halted due to a hardware failure in the worst-ever outage for the world's third-largest equity market.

The trading halt tarnished the exchange's credibility just as new prime minister Yoshihide Suga has prioritised digitalisation, and could dent Tokyo's hopes of luring more financial services companies to Japan's capital.

The exchange previously said the glitch was the result of a hardware problem and a subsequent failure to switch to a back-up. It caused the first full-day suspension since the exchange switched to all-electronic trading in 1999.

Japan's Fujitsu Ltd, which developed the trading system, said in a separate statement on Monday the backup failed due to a software update and an outdated user manual for a memory storage system.

The company also vowed to improve its network testing and create a new committee reporting directly to the president that is responsible for quality control.

(Reporting by Stanley White, Daiki Iga, and Nobuhiro Kubo; Editing by Tomasz Janowski and Bernadette Baum)

By Stanley White and Daiki Iga


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BÖRSE AG 0.51% 137.05 Delayed Quote.-2.21%
FUJITSU LIMITED 2.86% 13865 End-of-day quote.35.00%
JAPAN EXCHANGE GROUP, INC. 2.80% 2569 End-of-day quote.33.11%
LONDON STOCK EXCHANGE PLC 0.92% 7920 Delayed Quote.2.19%
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11/18FUJITSU : Chosen for the Dow Jones Sustainability World Index for 21st Time
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More news
Financials
Sales 2021 3 660 B 35 180 M 35 180 M
Net income 2021 166 B 1 598 M 1 598 M
Net cash 2021 196 B 1 887 M 1 887 M
P/E ratio 2021 17,5x
Yield 2021 1,41%
Capitalization 2 888 B 27 764 M 27 759 M
EV / Sales 2021 0,74x
EV / Sales 2022 0,68x
Nbr of Employees 129 071
Free-Float 89,5%
Chart FUJITSU LIMITED
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Fujitsu Limited Technical Analysis Chart | 6702 | JP3818000006 | MarketScreener
Technical analysis trends FUJITSU LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 15 784,71 JPY
Last Close Price 14 420,00 JPY
Spread / Highest target 31,8%
Spread / Average Target 9,46%
Spread / Lowest Target -36,9%
EPS Revisions
Managers
NameTitle
Takahito Tokita President & Representative Director
Kazuo Yuasa Head-Finance & Accounting
Hidenori Furuta Representative Director, CTO & Executive VP
Masami Yamamoto Director
Jun Yokota Independent Outside Director
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