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MarketScreener Homepage  >  Equities  >  Tokyo  >  Sojitz Corporation    2768   JP3663900003

SOJITZ CORPORATION

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Sojitz : Japan, Turkmenistan mull joint projects

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06/28/2019 | 03:01am EDT

Ashgabat, Turkmenistan, June 28

By Huseyn Hasanov – Trend:

Turkmen President Gurbanguly Berdimuhamedov has received the heads of Japanese Kawasaki Heavy Industries, Ltd. and Sojitz corporation, Trend reports referring to Turkmenistan TV channel on June 28.

The prospects for the implementation of joint projects in several spheres, in particular in the fields of petrochemistry, power engineering, building materials industry were discussed at a meeting with President of the Energy System and Plant Engineering of Kawasaki Heavy Industries, Ltd.Tatsuya Watanabe.

Kawasaki is interested in expanding the cooperation with Turkmenistan and ready to share experience and the latest technological developments.

Meanwhile, Kawasaki was involved in the construction of a plant for the production of gasoline from natural gas in Turkmen Ahal region not far from Ashgabat city.

The importance of the large-scale projects on the creation of innovative enterprises based on processing local raw materials being implemented in Turkmenistan was stressed during the meeting with Sojitz Executive Director Satoru Takahama and Advisor to this corporation Toshiharu Yoshimura.

The corporation has expressed interest in implementing such large-scale projects.

“Great experience of such leading Japanese trade and investment companies as Sojitz may be used in new projects for the development of the Turkmen processing industry and the production of products which are in demand in the world market,” the president said.

An ammonia and carbamide production plant was built in Mary city in southern Turkmenistan with the participation of Sojitz and Kawasaki.

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

Stocks mentioned in the article
ChangeLast1st jan.
KAWASAKI HEAVY INDUSTRIES, LTD. 1.05% 2513 End-of-day quote.11.34%
SOJITZ CORPORATION 0.30% 333 End-of-day quote.-10.96%
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Financials (JPY)
Sales 2020 1 826 B
EBIT 2020 66 333 M
Net income 2020 68 875 M
Debt 2020 598 B
Yield 2020 5,18%
P/E ratio 2020 6,05x
P/E ratio 2021 5,81x
EV / Sales2020 0,56x
EV / Sales2021 0,54x
Capitalization 416 B
Technical analysis trends SOJITZ CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 372,50  JPY
Last Close Price 333,00  JPY
Spread / Highest target 20,1%
Spread / Average Target 11,9%
Spread / Lowest Target 8,11%
EPS Revisions
Managers
NameTitle
Masayoshi Fujimoto President, CEO & Representative Director
Takashi Hara Chairman
Seiichi Tanaka CFO, Representative Director, Head-IR & Finance
Shigeru Nishihara Representative Director & Chief Compliance Officer
Kayoko Naito Independent Outside Director
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