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    6857   JP3122400009

ADVANTEST CORPORATION

(6857)
  Report
Delayed Japan Exchange  -  02:00 2022-08-09 am EDT
8420.00 JPY   -3.11%
08/01UBS Adjusts Advantest's Price Target to 12,000 Yen From 13,300 Yen, Keeps at Buy
MT
07/29Nikkei 225 Finishes Flat on Stronger Yen, Earnings Outlook
MT
07/29Japan's Nikkei gives up gains as Denso outlook sours sentiment
RE
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Japan's Nikkei posts biggest weekly loss in 2 years after BOJ decision

06/17/2022 | 03:06am EDT

TOKYO, June 17 (Reuters) - Japan's Nikkei index on Friday posted its biggest weekly drop in more than two years, tracking Wall Street's plunge, even as the Bank of Japan maintained its massive stimulus and provided no negative surprises.

The Nikkei share average ended 1.77% lower at 25,963.00, its lowest close since May 12, after falling as much as 2.7% earlier in the session.

The index, which lost five sessions in six, pared some losses after the central bank's announcement, but still posted a weekly drop of 6.6%, the sharpest loss since the week ended April 3, 2020.

The broader Topix lost 1.71% to 1,835,90, shedding 5.5% in the week.

"The Nikkei eased declines after the Bank of Japan kept its monetary policy unchanged, which meant that the yen's weakness would continue and that is positive to Japanese companies," said Shogo Maekawa, global market strategist at J.P. Morgan Asset Management.

The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at "present or lower" levels, signalling its resolve to focus on supporting the economy's recovery from the COVID-19 pandemic.

U.S. stocks closed sharply lower overnight in a broad sell-off, as recession fears grew following moves by central banks around the globe to stamp out rising inflation after the U.S. Federal Reserve's largest rate hike since 1994.

"Going forward, the market's focus will be shifted to economic indicators from central banks' policy tightening. Investors will be sensitive to any negative signs for the economy," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.

In Japan, technology heavyweights led losses on the Nikkei, with chip-making equipment maker Tokyo Electron shedding 5.04% and chip-testing equipment maker Advantest losing 4.09%. Technology investor SoftBank Group fell 4.24%.

Car and parts makers lost 3.23% as the yen regained its strength against the dollar.

Toyota Motor and Honda Motor fell 3.6% and 2.69%, respectively. Parts maker Denso slipped 4.71%. (Reporting by Junko Fujita, additional reorting by Tokyo markets team; Editing by Subhranshu Sahu and Shailesh Kuber)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADVANTEST CORPORATION -3.11% 8420 Delayed Quote.-20.28%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.20% 94.044 Delayed Quote.11.55%
BRITISH POUND / JAPANESE YEN (GBP/JPY) 0.11% 163.195 Delayed Quote.4.59%
BRITISH POUND / US DOLLAR (GBP/USD) 0.00% 1.20863 Delayed Quote.-10.85%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) -0.17% 104.727 Delayed Quote.14.57%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.28% 0.7752 Delayed Quote.-2.39%
DENSO CORPORATION -1.18% 7525 Delayed Quote.-20.09%
EURO / JAPANESE YEN (EUR/JPY) 0.32% 137.976 Delayed Quote.4.99%
EURO / US DOLLAR (EUR/USD) 0.20% 1.0217 Delayed Quote.-10.53%
HONDA MOTOR CO., LTD. -0.26% 3388 Delayed Quote.5.17%
INDIAN RUPEE / JAPANESE YEN (INR/JPY) 0.01% 1.696871 Delayed Quote.10.10%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.02% 0.012567 Delayed Quote.-6.16%
NEW ZEALAND DOLLAR / JAPANESE YEN (NZD/JPY) 0.01% 84.813 Delayed Quote.7.04%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.12% 0.62817 Delayed Quote.-8.74%
NIKKEI 225 -0.88% 27999.96 Real-time Quote.-1.88%
SOFTBANK GROUP CORP. -7.02% 5295 Delayed Quote.4.80%
TOKYO ELECTRON LTD -8.25% 45600 Delayed Quote.-25.02%
TOPIX INDEX -0.74% 1937.02 Delayed Quote.-2.05%
TOYOTA INDUSTRIES CORPORATION -2.02% 7750 Delayed Quote.-13.93%
TOYOTA MOTOR CORPORATION -1.89% 2076 Delayed Quote.0.50%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.13% 135.015 Delayed Quote.17.37%
All news about ADVANTEST CORPORATION
08/01UBS Adjusts Advantest's Price Target to 12,000 Yen From 13,300 Yen, Keeps at Buy
MT
07/29Nikkei 225 Finishes Flat on Stronger Yen, Earnings Outlook
MT
07/29Japan's Nikkei gives up gains as Denso outlook sours sentiment
RE
07/28Japan's Nikkei tracks Wall Street rally to edge higher
RE
07/28ADVANTEST : FY2022 1Q Financial Briefing
PU
07/28ADVANTEST : FY2022 First Quarter Consolidated Financial Results
PU
07/28TRANSCRIPT : Advantest Corporation, Q1 2023 Earnings Call, Jul 28, 2022
CI
07/28Advantest Corporation Revises Earnings Guidance for the Year Ending March 31, 2023
CI
07/28Advantest Corporation Reports Earnings Results for the First Quarter Ended June 30, 202..
CI
07/28Advantest Corporation Provides Second Quarter End Dividend Guidance for the Fiscal Year..
CI
More news
Analyst Recommendations on ADVANTEST CORPORATION
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Financials
Sales 2023 514 B 3 814 M 3 814 M
Net income 2023 117 B 872 M 872 M
Net cash 2023 110 B 819 M 819 M
P/E ratio 2023 14,0x
Yield 2023 2,18%
Capitalization 1 653 B 12 275 M 12 275 M
EV / Sales 2023 3,00x
EV / Sales 2024 2,86x
Nbr of Employees 5 941
Free-Float 94,8%
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 8 690,00 JPY
Average target price 10 247,94 JPY
Spread / Average Target 17,9%
EPS Revisions
Managers and Directors
Yoshiaki Yoshida Managing Executive Officer
Atsushi Fujita Director, Head-Compliance & Administration
Koichi Tsukui Director & Chief Technology Officer
Kazuhiro Yamashita Executive Officer & GM-Technology Development
Osamu Karatsu Independent Outside Director
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