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    6178   JP3752900005

JAPAN POST HOLDINGS CO., LTD.

(6178)
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Rakuten shares jump 24% on Japan Post, Tencent backing

03/14/2021 | 10:28pm EDT

TOKYO, March 15 (Reuters) - Rakuten Inc's shares jumped as much as 24% on Monday after the Japanese e-commerce firm said it would raise $2.2 billion through a stake sale to companies including Japan Post and Tencent as it takes on Amazon.

Rakuten shares were trading up 18% at 1,471 yen at 02:28 GMT - the biggest rise in 17 years - after earlier hitting a daily limit high of 1,545 yen. That brings Rakuten's share gain from Friday to almost 30% and lifts its market cap to 2.1 trillion yen ($19.4 billion).

The deal is a funding injection for Rakuten's investments in logistics, where it is competing with Amazon and SoftBank's newly bulked-up internet business, and in mobile, where it is taking on the three incumbent carriers.

"Rakuten could receive significant help from the expert in logistics services," Jefferies analyst Hiroko Sato wrote in a note, referring to Japan Post, which operates 24,000 post offices nationwide.

The mobile business "has been a huge drag on its valuations and earnings for a while now but one which will see costs peak this term," wrote Asymmetric Advisors analyst Amir Anvarzadeh in a note.

Investors also warmed to potential partnerships with backers Tencent, the world's largest gaming company, and Walmart , the world's largest retailer, which is also a buyer in Rakuten's share sale and is leading a digital fightback against Amazon in the United States. ($1 = 109.1600 yen) (Reporting by Sam Nussey and Junko Fujita; Editing by Tom Hogue and Muralikumar Anantharaman)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 0.14% 3331.69 Delayed Quote.2.17%
JAPAN POST HOLDINGS CO., LTD. 1.98% 947.5 End-of-day quote.18.02%
RAKUTEN GROUP, INC. 1.08% 1216 End-of-day quote.22.33%
SOFTBANK GROUP CORP. 1.83% 6962 End-of-day quote.-13.60%
TENCENT HOLDINGS LIMITED -0.84% 475 End-of-day quote.-15.78%
All news about JAPAN POST HOLDINGS CO., LTD.
07/27CRE Logistics REIT Secures Green Loans Worth Nearly $39 Million
MT
07/06ACSL Issues $27 Million Shares to Japan Post Capital
MT
07/06JAPAN POST : Briefing Materials for Japan Post Group Small Meeting
PU
06/18JAPAN POST : Notice Regarding Cancellation of Treasury Stock
PU
06/11Japan Post Holdings Co., Ltd.'s Equity Buyback announced on June 10, 2021, ha..
CI
06/11JAPAN POST : Notice Concerning the Result and Closing of Acquisition of Treasury..
PU
06/10Tranche Update on Japan Post Holdings Co., Ltd.'s Equity Buyback Plan announc..
CI
06/10Japan Post Holdings Co., Ltd. announces an Equity Buyback for 276,090,500 sha..
CI
06/10Japan Post Holdings Co., Ltd. authorizes a Buyback Plan.
CI
06/10JAPAN POST : Notice Concerning Acquisition of Treasury Stock and Purchase of Tre..
PU
More news
Financials
Sales 2022 11 150 B 102 B 102 B
Net income 2022 355 B 3 237 M 3 237 M
Net Debt 2022 33 384 B 305 B 305 B
P/E ratio 2022 10,3x
Yield 2022 5,16%
Capitalization 3 569 B 32 521 M 32 593 M
EV / Sales 2022 3,31x
EV / Sales 2023 3,59x
Nbr of Employees 243 612
Free-Float 17,9%
Chart JAPAN POST HOLDINGS CO., LTD.
Duration : Period :
Japan Post Holdings Co., Ltd. Technical Analysis Chart | 6178 | JP3752900005 | MarketScreener
Technical analysis trends JAPAN POST HOLDINGS CO., LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Last Close Price 947,50 JPY
Average target price 961,11 JPY
Spread / Average Target 1,44%
EPS Revisions
Managers and Directors
Hiroya Masuda President & Chief Executive Officer
Akio Mimura Independent Outside Director
Tadashi Yagi Independent Outside Director
Kunio Ishihara Independent Outside Director
Charles Ditmars Lake Independent Outside Director