Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. YASKAWA Electric Corporation
  6. News
  7. Summary
    6506   JP3932000007

YASKAWA ELECTRIC CORPORATION

(6506)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Nikkei slips after industry bellwether Yaskawa earnings fail to inspire

04/11/2021 | 10:26pm EDT

TOKYO, April 12 (Reuters) - Japanese shares fell on Monday, dragged down by a sharp drop in Yaskawa Electric after the industry bellwether's earnings failed to meet the market's high expectations.

Nikkei average fell 0.18% to 29,715.17. It has been in a holding pattern after hitting a 30-and-a-half-year high in mid-February, with a break of either its March 18 high of 30,485 or March 24 low of 28,379 seen as needed for a new trend to emerge.

The broader Topix was up 0.08% at 1,961.13.

Yaskawa Electric, a robot maker seen as a leading indicator on Japanese manufacturers' earnings trend, dropped 6.3% after its earnings in the quarter to February fell short of investors' strong expectations.

The company said it expects 54.5% increase in its operating profits to 42 billion yen ($383.67 million) in the current financial year, almost in line with analysts' forecast of 43 billion yen.

"Markets' expectations (on Yaskawa) had risen a bit too much before the actual announcement, a familiar pattern with Japanese earnings. It makes you wonder what to do as the earning season is about to begin," said Masato Kogure, group leader of execution at Tokai Tokyo Securities.

Aeon lost 5.1%, after the supermarket chain operator's quarterly earnings disappointed investors.

More retailers will release their earnings this week while the country's top companies' results will start later this month.

Toshiba rose 6.1% after he Nikkei financial daily said late Friday state-backed Japan Investment Corp (JIC) and the Development Bank of Japan (DBJ) would join $20 billion takeover bid by CVC Capital Partners.

Toshiba chairman said CVC's offer to take the company private was contingent on various regulatory approval.

Small golf shaft maker Graphite Design jumped 16.6%, after Hideki Matsuyama become the first Japanese man to win a major championship with a Masters victory at Augusta National.

Golf-related service firm Value Golf gained 10.8%.

($1 = 109.4700 yen) (Reporting by Hideyuki Sano; Editing by Rashmi Aich)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AEON CO., LTD. 2.98% 3076 End-of-day quote.-9.13%
BANK OF JAPAN -3.10% 28100 End-of-day quote.13.63%
GRAPHITE DESIGN, INC. -0.16% 632 End-of-day quote.56.05%
NIKKEI 225 -0.50% 27641.83 Real-time Quote.1.23%
TOKAI CORP. 3.48% 2496 End-of-day quote.22.65%
TOSHIBA CORPORATION 1.28% 4760 End-of-day quote.64.99%
VALUE GOLF INC. -0.91% 1740 End-of-day quote.21.25%
YASKAWA ELECTRIC CORPORATION 2.60% 5520 End-of-day quote.7.60%
All news about YASKAWA ELECTRIC CORPORATION
07/21Japanese shares snap 5-day losing streak as investors eye earnings, Olympics
RE
07/14Japanese shares end lower on caution ahead of Fed chair's testimony
RE
07/13Japanese shares slide after sharp gains, Powell's testimony in focus
RE
07/13YASKAWA ELECTRIC : Financial Reporting Document
PU
07/12Asian Stock Markets Gain After China Central Bank Eases
MT
07/12NIKKEI 225 : Rises 2.3% on Economic Growth Outlook, Profit Projection
MT
07/12Japanese shares rebound on growth confidence, Yaskawa's outlook
RE
07/11Japanese shares jump on recovery hopes, Yaskawa forecast
RE
07/09YASKAWA ELECTRIC : Financial Reporting Document
PU
06/16YASKAWA ELECTRIC : Information Disclosure Based on TCFD Recommendations
PU
More news
Financials
Sales 2022 469 B 4 297 M 4 297 M
Net income 2022 40 430 M 370 M 370 M
Net Debt 2022 37 475 M 343 M 343 M
P/E ratio 2022 35,7x
Yield 2022 0,86%
Capitalization 1 443 B 13 211 M 13 213 M
EV / Sales 2022 3,15x
EV / Sales 2023 2,92x
Nbr of Employees 12 925
Free-Float 96,2%
Chart YASKAWA ELECTRIC CORPORATION
Duration : Period :
YASKAWA Electric Corporation Technical Analysis Chart | 6506 | JP3932000007 | MarketScreener
Technical analysis trends YASKAWA ELECTRIC CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Last Close Price 5 520,00 JPY
Average target price 5 782,94 JPY
Spread / Average Target 4,76%
EPS Revisions
Managers and Directors
Hiroshi Ogasawara President & Representative Director
Yasuhiko Morikawa Director, Manager-Finance & Head-Compliance
Junji Tsuda Chairman
Akira Kumagae GM-Technology Development
Yoshikatsu Minami Director & General Manager-Operations
Sector and Competitors
1st jan.Capi. (M$)
YASKAWA ELECTRIC CORPORATION7.60%13 211
KEYENCE CORPORATION7.79%138 824
SCHNEIDER ELECTRIC SE20.03%93 883
NIDEC CORPORATION-3.24%67 310
EATON CORPORATION PLC31.55%62 361
EMERSON ELECTRIC CO.25.53%59 802