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    6758   JP3435000009

SONY GROUP CORPORATION

(6758)
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Sony : Foreign investors step up purchases of Japanese stocks in week to Oct. 15

10/21/2021 | 03:49am EST

Oct 21 (Reuters) - Foreign investors stepped up purchase in Japanese shares in the week to Oct. 15 as they took heart from a rally on Wall Street, ahead of the upcoming quarterly earnings results, while a drop in local COVID-19 infections added to investor optimism.

Foreigners bought stocks worth a net 336.81 billion yen ($2.95 billion) in the week to Oct. 15, compared with purchases of 13.84 billion yen in the previous week, data from Japanese exchanges showed.

Investors purchased 478.83 billion yen in cash equity markets but sold derivatives worth a net 142.02 billion yen.

Cross-border investors also purchased a net 1.45 trillion yen of Japanese bonds last week, finance ministry data showed.

For the July-to-Sept. quarter, corporate Japan is estimated to post 67.5% earnings growth from a year ago, which would top 35% growth estimated for broader Asia, Refinitiv data shows.

A weaker yen against the dollar also boosted demand for Japanese exporters, including Toyota Motor Corp. and Sony Group. The Japanese currency sank to a more than two-year low on Wednesday.

The Nikkei share average and the Topix index both surged over 3% last week, which marked their first weekly gain in four weeks.

Japanese investors purchased a net 1.2 trillion yen in overseas bonds last week. They also bought a net 64.7 billion yen in cross-border equities, marking a fifth straight week of net purchase, finance ministry data showed. ($1 = 113.9900 yen)

(Reporting by Gaurav Dogra, Patturaja Murugaboopathy and Anurag Maan; Editing by Giles Elgood)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SONY GROUP CORPORATION 0.55% 13825 End-of-day quote.34.42%
TOYOTA MOTOR CORPORATION -0.55% 2001 End-of-day quote.25.74%
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Analyst Recommendations on SONY GROUP CORPORATION
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Financials
Sales 2022 9 855 B 86 847 M 86 847 M
Net income 2022 782 B 6 892 M 6 892 M
Net cash 2022 942 B 8 298 M 8 298 M
P/E ratio 2022 22,1x
Yield 2022 0,45%
Capitalization 17 140 B 151 B 151 B
EV / Sales 2022 1,64x
EV / Sales 2023 1,51x
Nbr of Employees 109 700
Free-Float 98,2%
Chart SONY GROUP CORPORATION
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Sony Group Corporation Technical Analysis Chart | 6758 | JP3435000009 | MarketScreener
Technical analysis trends SONY GROUP CORPORATION
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TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 20
Last Close Price 13 825,00 JPY
Average target price 15 849,00 JPY
Spread / Average Target 14,6%
EPS Revisions
Managers and Directors
Kenichiro Yoshida Co-Chairman, President & Chief Executive Officer
Hiroki Totoki CFO, Director, VP & Head-Business Administration
Shuzo Sumi Co-Chairman
Toru Katsumoto Chief Technology Officer, Executive VP, Head-R&D
Tsuyoshi Kodera Head-Information Systems & Security
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