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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Dai-ichi Life Holdings, Inc.    8750   JP3476480003

DAI-ICHI LIFE HOLDINGS, INC.

(8750)
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Nikkei slips on global virus woes, caution ahead of U.S. elections

10/28/2020 | 01:27am EST

TOKYO, Oct 28 (Reuters) - Japanese shares fell on Wednesday for the third consecutive session, pulled down by worries that surging coronavirus cases in Europe and the United States could further damage an already-battered global economy.

Also, trading was subdued as the upcoming U.S. presidential elections kept many investors on the sidelines, analysts said.

The benchmark Nikkei share average fell 0.29% to close at 23,418.51, while the broader Topix lost 0.31% to 1,612.55.

All but six of the 33 sector sub-indexes on the Tokyo exchange traded lower, with miners, iron and steel and insurers leading declines.

The local market tracked the overnight weakness in U.S. stocks on rising coronavirus infections and as U.S. lawmakers struggle to reach an agreement on a stimulus package, said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management in Tokyo.

U.S. President Donald Trump acknowledged on Tuesday a coronavirus economic relief deal would likely come after the Nov. 3 election.

A near 0.4% decline in U.S. stock futures also weighed on Japanese stocks.

However, the market got some support from upbeat earnings reports, with Shimano Inc soaring 17% after the bicycle parts maker upgraded its forecast for annual operating profit.

Japan's index of insurers, who rely on foreign bonds for income, dipped more than 2.8% after U.S. Treasury yields declined overnight on dwindling hopes for a U.S. stimulus deal.

Dai-ichi Life Holdings fell 2.7% and T&D Holdings dropped 2.8%, while Tokio Marine Holdings slipped around 3.5%.

Shares of ANA Holdings closed 0.35% higher, after rising as much as 4%, after the airline operator on Tuesday unveiled its restructuring plans and forecast a record operating loss of 505 billion yen for the year to March.

Furniture retailer Otsuka Kagu Ltd jumped 33.1% to hit its daily limit after the company said its president would be stepping down. (Reporting by Eimi Yamamitsu; Editing by Aditya Soni and Rashmi Aich)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. -0.54% 2585 End-of-day quote.-29.02%
DAI-ICHI LIFE HOLDINGS, INC. -1.94% 1671.5 End-of-day quote.-7.98%
NIKKEI 225 1.34% 26787.54 Real-time Quote.12.63%
OTSUKA KAGU, LTD. 0.59% 170 End-of-day quote.-26.41%
SHIMANO INC. 1.41% 24805 End-of-day quote.39.59%
T&D HOLDINGS, INC. -2.98% 1204 End-of-day quote.-13.69%
TOKIO MARINE HOLDINGS, INC. -2.90% 5390 End-of-day quote.-11.91%
All news about DAI-ICHI LIFE HOLDINGS, INC.
11/26Japan's capital sees prices fall most in over 8 years as COVID-19 pain persis..
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11/10DAI-ICHI LIFE HOLDINGS, INC. : half-yearly earnings release
11/01Stories on Japan insurers investment plans available in PDF file
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10/28Nikkei slips on global virus woes, caution ahead of U.S. elections
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10/27Japanese shares slip on coronavirus worries
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10/27WRAPUP 1-Japanese insurers look to domestic bonds as yield gaps with foreign ..
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10/27WRAPUP 1-Japanese insurers look to domestic bonds as yield gaps with foreign ..
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10/27DAI ICHI LIFE : FACTBOX-Japan's Dai-ichi Life plans to increase domestic bonds h..
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10/05Nikkei bounces back as Trump health report calms investors
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10/04Nikkei bounces back on Trump health report, railways rebound
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More news
Financials
Sales 2021 6 647 B 63 676 M 63 676 M
Net income 2021 196 B 1 879 M 1 879 M
Net Debt 2021 1 129 B 10 813 M 10 813 M
P/E ratio 2021 9,70x
Yield 2021 3,79%
Capitalization 1 826 B 17 496 M 17 490 M
EV / Sales 2021 0,44x
EV / Sales 2022 0,44x
Nbr of Employees 63 719
Free-Float 86,9%
Chart DAI-ICHI LIFE HOLDINGS, INC.
Duration : Period :
Dai-ichi Life Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DAI-ICHI LIFE HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 1 806,43 JPY
Last Close Price 1 644,50 JPY
Spread / Highest target 33,8%
Spread / Average Target 9,85%
Spread / Lowest Target -20,3%
EPS Revisions
Managers
NameTitle
Seiji Inagaki President & Representative Director
Koichiro Watanabe Chairman
Morinobu Nagahama Director
Hideo Teramoto Vice Chairman & GM-Innovation Strategy
Fusakazu Kondo Director
Sector and Competitors
1st jan.Capitalization (M$)
DAI-ICHI LIFE HOLDINGS, INC.-7.98%17 496
AXA-21.50%56 232
METLIFE, INC.-9.42%42 703
PRUDENTIAL PLC-18.36%41 986
MANULIFE FINANCIAL CORPORATION-14.95%33 504
AFLAC INCORPORATED-16.96%31 807