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    8303   JP3729000004

SHINSEI BANK, LIMITED

(8303)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 10/15
1897 JPY   -0.05%
10/11SHINSEI BANK : set to oppose SBI takeover bid
AQ
10/11SHINSEI BANK : Responds to Media Report
PU
10/10SHINSEI BANK : Notice regarding the Relocation of Kobe Financial Center (324KB)
PU
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japan's Topix hits highest since 1990 on hopes of new govt, better earnings

09/10/2021 | 02:34am EDT

TOKYO, Sept 10 (Reuters) - Japan's Nikkei hit a six-month high on Friday and the broader Topix index touched its best level since 1990, extending their bull run since the end of August on hopes for a new government and further improvement in earnings.

The news that U.S. President Joe Biden and Chinese counterpart Xi Jinping had held talks on the phone also supported the rally by easing concerns about simmering Sino-U.S. tensions.

The Nikkei average rose 1.25% to 30,381.84, the ninth session of gains in the last ten. For the week, it was up 4.3%.

The Topix gained 1.29% to 2,091.65.

Hopes that a new leader at Japan's dominant ruling party would compile an economic stimulus and secure a decisive election victory have boosted shares prices after unpopular Prime Minister Yoshihide Suga offered to resign last week.

Expectations are growing that vaccine minister Taro Kono is likely to win the Liberal Democratic Party's leadership race later this month.

"The market is starting to price in Kono's victory. He is relatively young and could form a long-standing government," said Shingo Ide, chief strategist at NLI Research.

Japan's corporate earnings outlook has also been improving of late as the country's vaccine roll-outs move closer to catching up with other developed nations.

Financial sectors were among the top gainers after SBI Holdings announced an offer to buy a near majority stake in Shinsei Bank in an unsolicited bid to take effective control of the lender.

SBI rose 7.6% while Shinsei Bank jumped 20.8% after being untraded with a glut of bids for much of the day.

On the other hand, Eisai lost 8.7% after Biogen Inc shares tumbled after it said the launch of its Alzheimer's drug, which the two firms have developed, was slower than what was initially anticipated.

Nipro shed 7.7% after the medical equipment firm announced the sale of 30 billion yen ($273.47 million) in convertible bonds, which could cause a 13% dilution. ($1 = 109.70 yen) (Reporting by Hideyuki Sano; Editing by Devika Syamnath)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BIOGEN INC. -1.43% 281.19 Delayed Quote.16.50%
EISAI CO., LTD. 1.61% 8139 End-of-day quote.10.40%
NIPRO CORPORATION 1.50% 1152 End-of-day quote.-5.11%
SBI HOLDINGS, INC. 2.32% 2996 End-of-day quote.22.44%
SHINSEI BANK, LIMITED -0.05% 1897 End-of-day quote.49.25%
All news about SHINSEI BANK, LIMITED
10/11SHINSEI BANK : set to oppose SBI takeover bid
AQ
10/11SHINSEI BANK : Responds to Media Report
PU
10/10SHINSEI BANK : Notice regarding the Relocation of Kobe Financial Center (324KB)
PU
10/10SHINSEI BANK : Notice of Relocation of Kobe Financial Center
PU
10/06SHINSEI BANK : Japan's Shinsei Bank forms independent panel to respond to SBI takeover bid
RE
10/06SHINSEI BANK : (Update on Disclosed Matters) Formation of Independent External Directors C..
PU
10/05SHINSEI BANK : Responds to Media Report
PU
10/01SHINSEI BANK : puts off launch of defense against SBI takeover
AQ
09/30SHINSEI BANK : (Update on Disclosed Matters) Notice of the Establishment of the Record Dat..
PU
09/30SHINSEI BANK : Notice Regarding Change in Terms of Purchase, etc. in Relation to TOB for S..
PU
More news
Financials
Sales 2022 234 B 2 052 M 2 052 M
Net income 2022 42 044 M 368 M 368 M
Net Debt 2022 - - -
P/E ratio 2022 9,35x
Yield 2022 0,63%
Capitalization 399 B 3 494 M 3 492 M
Capi. / Sales 2022 1,70x
Capi. / Sales 2023 1,67x
Nbr of Employees 5 605
Free-Float 48,5%
Chart SHINSEI BANK, LIMITED
Duration : Period :
Shinsei Bank, Limited Technical Analysis Chart | 8303 | JP3729000004 | MarketScreener
Technical analysis trends SHINSEI BANK, LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 1 897,00 JPY
Average target price 1 875,00 JPY
Spread / Average Target -1,16%
EPS Revisions
Managers and Directors
Hideyuki Kudo President, CEO & Representative Director
Michiyuki Okano Head-Group Information Technology
Akira Hirasawa Director, Chief Legal & Compliance Officer
Kyohei Matsumoto Chief Group Legal & Compliance Officer
Minoru Hirayama Senior Manager-Group Finance & Administration
Sector and Competitors