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    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
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Delayed Quote. Delayed Japan Exchange - 05/25 02:00:00 am
2043.5 JPY   -0.32%
02:49pTOYOTA MOTOR : JAMA Press Conference Exhibits the Strength of Japan's Automotive Industry When Working as One
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02:49pTOYOTA MOTOR : Other Toyota Businesses
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02:49pTOYOTA MOTOR : Technology
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Japanese shares slump after hawkish Fed minutes, Toyota extends rally

01/05/2022 | 10:04pm EDT

TOKYO, Jan 6 (Reuters) - Japanese shares slumped on Thursday, as investors sold expensive growth stocks after hawkish U.S. Federal Reserve meeting minutes sparked a sell-off on Wall Street last night, while market heavyweight Toyota Motor extended gains to a third day.

By 0202 GMT, the Nikkei share average had lost 1.7% to 28,833.71 and the broader Topix had fallen 1.06% to 2,017.82. The Mothers Index of start-up firms fell 3.64%, extending losses as investors shifted focus to bigger stocks.

U.S. stocks fell sharply overnight, with the Nasdaq down more than 3% in its biggest drop since February, after minutes of the Fed's last meeting signalled the central bank may raise interest rates sooner than expected.

"Investors are shifting their focus to value stocks from growth, and they are targeting large and liquid stocks, which is why Toyota is still strong," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Research Institute.

"When the market outlook is not clear, investors tend to seek liquidity. Also, investors are using cash generated from selling bonds to buy shares with low risks and low returns."

Japan's benchmark 10-year government bond yield hit the highest since November 2021, tracking a steady rise in U.S. Treasury yields.

Rising interest rates increase borrowing costs for businesses and consumers. Higher rates can depress stock multiples, especially for technology and other growth stocks.

Toyota Motor rose 1.4%, adding more than 10% in the first three sessions of the year after a 32% jump last year.

Sony Group tumbled 6.51% after Wednesday's near 4% gain, and dragged the Topix the most.

Uniqlo clothing shop owner Fast Retailing lost 3.2% after its December sales for existing stores fell 11.1%.

Medical equipment maker Terumo tumbled 7.67% after Mizuho Securities cut its target price, while medical services platform M3 tanked 7.39%.

Airlines and railways took a hit, losing 1.69% and 1.39% respectively, as the number of new coronavirus infections have started rising. (Reporting by Junko Fujita; Editing by Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.22% 0.70859 Delayed Quote.-2.40%
BRITISH POUND / US DOLLAR (GBP/USD) 0.27% 1.25749 Delayed Quote.-7.11%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.02% 0.77992 Delayed Quote.-1.14%
EURO / US DOLLAR (EUR/USD) -0.54% 1.06742 Delayed Quote.-6.03%
FAST RETAILING CO., LTD. -0.47% 59580 Delayed Quote.-8.34%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.06% 0.0129 Delayed Quote.-3.95%
M3, INC. -1.66% 3796 Delayed Quote.-33.37%
NASDAQ COMP. 1.51% 11434.74 Real-time Quote.-28.00%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.46% 0.64777 Delayed Quote.-5.73%
NIKKEI 225 -0.26% 26677.8 Real-time Quote.-7.10%
S&P 500 0.95% 3978.73 Real-time Quote.-17.30%
SONY GROUP CORPORATION -1.45% 11205 Delayed Quote.-21.45%
TERUMO CORPORATION 0.75% 4155 Delayed Quote.-15.14%
TOKAI CORP. -1.18% 1671 Delayed Quote.-14.38%
TOPIX INDEX -0.09% 1876.58 Delayed Quote.-5.73%
TOYOTA INDUSTRIES CORPORATION -2.06% 8070 Delayed Quote.-10.34%
TOYOTA MOTOR CORPORATION -0.32% 2043.5 Delayed Quote.-2.64%
All news about TOYOTA MOTOR CORPORATION
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Analyst Recommendations on TOYOTA MOTOR CORPORATION
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Financials
Sales 2023 34 159 B 268 B 268 B
Net income 2023 2 948 B 23 167 M 23 167 M
Net Debt 2023 18 527 B 146 B 146 B
P/E ratio 2023 9,68x
Yield 2023 2,74%
Capitalization 28 066 B 221 B 221 B
EV / Sales 2023 1,36x
EV / Sales 2024 1,26x
Nbr of Employees 372 817
Free-Float 70,5%
Chart TOYOTA MOTOR CORPORATION
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Toyota Motor Corporation Technical Analysis Chart | 7203 | JP3633400001 | MarketScreener
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 2 043,50 JPY
Average target price 2 424,44 JPY
Spread / Average Target 18,6%
EPS Revisions
Managers and Directors
Akio Toyoda Director & General Manager-Asia
Kenta Kon Chief Financial Officer, Director & GM-Accounting
Takeshi Uchiyamada Director & Manager-Development Center 2
Keiji Yamamoto Chief Information & Security Officer
Seiji Sakai Manager-Information Systems & IT Management
Sector and Competitors
1st jan.Capi. (M$)
TOYOTA MOTOR CORPORATION-2.64%222 515
VOLKSWAGEN AG-18.05%90 263
MERCEDES-BENZ GROUP AG-5.74%73 132
BMW AG-12.09%54 806
GENERAL MOTORS COMPANY-39.95%51 345
FORD MOTOR COMPANY-40.20%49 925