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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Honda Motor Co., Ltd.    7267   JP3854600008

HONDA MOTOR CO., LTD.

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Japan shares rise on hopes for U.S. economy, new prime minister eyed

09/02/2020 | 02:35am EST

TOKYO, Sept 2 (Reuters) - Japanese shares rose on Wednesday after positive data on the U.S. manufacturing sector spurred hopes that a global economic recovery from the COVID-19 pandemic remains on track.

The Nikkei 225 Index ended up 0.47% at 23,247.15, while the broader Topix index also rose 0.47% to 1,623.40.

Stocks also got a boost after Chief Cabinet Secretary Yoshihide Suga emerged as the leading candidate to replace outgoing Prime Minister Shinzo Abe at a leadership election on Sept. 14.

If Suga becomes the new prime minister, this would suggest few major changes to economic policy and lesser chances of political instability, which are positives for equities, analysts said.

"Some investors were bracing for disappointing U.S. manufacturing data, but the results were quite the opposite, and that is pushing up the stock market," said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co.

"There is also a bit of relief as Suga is gathering support to be the next prime minister."

The stocks that gained the most among the top 30 core Topix names were electronic parts makers Murata Manufacturing Co Ltd , up 3.83%, and Keyence Corp, which gained 2.93%.

Japan's capital goods sector got a boost after the Institute for Supply Management said on Tuesday that U.S. manufacturing activity accelerated to a nearly two-year high in August.

Stocks were also supported by hopes for progress in talks on additional U.S. fiscal stimulus.

The underperformers among the Topix 30 were drugmaker Astellas Pharma Inc down 1.8%, followed by car maker Honda Motor losing 1.2%.

There were 102 advancers on the Nikkei index against 113 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 0.98 billion, compared to the average of 1.16 billion in the past 30 days. (Reporting by Stanley White; Editing by Amy Caren Daniel and Shailesh Kuber)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASTELLAS PHARMA INC. 1.05% 1678 End-of-day quote.5.27%
HONDA MOTOR CO., LTD. 0.55% 2849 End-of-day quote.-0.99%
KEYENCE CORPORATION -2.23% 56470 End-of-day quote.-2.64%
KOKUSAI CO., LTD. -0.14% 737 End-of-day quote.1.24%
MITSUBISHI UFJ FINANCIAL GROUP, INC. -0.99% 489.7 End-of-day quote.7.37%
MURATA MANUFACTURING CO., LTD. 0.39% 10370 End-of-day quote.11.27%
NIKKEI 225 -0.38% 28523.26 Real-time Quote.4.33%
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Financials
Sales 2021 12 963 B 125 B 125 B
Net income 2021 416 B 4 020 M 4 020 M
Net Debt 2021 4 599 B 44 398 M 44 398 M
P/E ratio 2021 11,8x
Yield 2021 2,46%
Capitalization 4 921 B 47 368 M 47 502 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,67x
Nbr of Employees 36 313
Free-Float 91,2%
Chart HONDA MOTOR CO., LTD.
Duration : Period :
Honda Motor Co., Ltd. Technical Analysis Chart | 7267 | JP3854600008 | MarketScreener
Technical analysis trends HONDA MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Average target price 3 755,56 JPY
Last Close Price 2 849,00 JPY
Spread / Highest target 58,0%
Spread / Average Target 31,8%
Spread / Lowest Target 8,81%
EPS Revisions
Managers and Directors
NameTitle
Takahiro Hachigo President, CEO, Representative Director, Head-R&D
Toshiaki Mikoshiba Chairman & Head-External Affairs
Seiji Kuraishi COO, Representative Director, VP & GM-Automobile
Kohei Takeuchi Senior MD, Head-Finance & Administration
Yusuke Hori Executive Officer & GM-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
HONDA MOTOR CO., LTD.-0.99%47 110
TOYOTA MOTOR CORPORATION-3.41%207 445
VOLKSWAGEN AG0.25%97 567
GENERAL MOTORS COMPANY31.70%78 493
DAIMLER AG-3.79%72 101
BMW AG-5.39%53 424