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    6367   JP3481800005

DAIKIN INDUSTRIES, LTD.

(6367)
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Delayed Japan Exchange  -  11:57 2022-08-07 pm EDT
24105.00 JPY   +0.40%
08/04UBS Adjusts Daikin Industries' Price Target to 27,500 Yen From 25,000 Yen, Keeps at Buy
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08/03Japan's Nikkei rises as investors pick up firms with positive earnings
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08/02Japan's Nikkei rises as investors hunt for firms reporting positive earnings
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Japan's Nikkei tracks Wall Street lower, tech shares weigh

06/28/2022 | 11:47pm EDT

TOKYO, June 29 (Reuters) - Japan's Nikkei index snapped a four-session rally on Wednesday, tracking overnight weakness on the Wall Street, with heavyweight technology stocks leading the losses.

The Nikkei share average was down 1.07% to 26,759.99.

The broader Topix had slipped 0.77% to 1,892.74.

"Today's market decline is solely due to Wall Street's loss, which was driven by concerns over consumption," said Shuji Hosoi, senior strategist at Daiwa Securities.

"Oil price hikes also weigh on sentiment. Globally, the solution for this has not be identified."

Wall Street closed sharply lower in a broad sell-off overnight, as dire consumer confidence data dampened investor optimism and fuelled worries over recession and the looming earnings season.

Chip-making equipment maker Tokyo Electron fell 4.73% and technology investor SoftBank Group slipped 1.79%. Air-conditioner maker Daikin Industries lost 1.56%.

Liquid crystal display maker Nippon Electric Glass fell 4.71% and was the top loser on the Nikkei, followed by delivery services provider Nippon Express Holdings, which fell 4.29%.

Bucking the trend, the utility sector advanced 0.99% after Japan's Prime Minister Fumio Kishida said the nation would make greatest possible use of nuclear power and secure enough power supply in Japan.

His remark was made as Tokyo's heat broke nearly 150-year-old records for June and authorities warned power supply remained tight enough to raise the spectre of cuts.

Tokyo Electric Power Holdings jumped 4.73%.

(Reporting by Junko Fujita; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DAIKIN INDUSTRIES, LTD. 0.42% 24105 Delayed Quote.-7.97%
NIPPON ELECTRIC GLASS CO., LTD. 0.63% 2543 Delayed Quote.-14.31%
NIPPON EXPRESS HOLDINGS,INC. 1.07% 7550 Delayed Quote.8.10%
SOFTBANK GROUP CORP. 1.19% 5719 Delayed Quote.4.03%
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC. 3.60% 491 Delayed Quote.58.92%
TOKYO ELECTRON LTD 1.86% 49740 Delayed Quote.-26.28%
All news about DAIKIN INDUSTRIES, LTD.
08/04UBS Adjusts Daikin Industries' Price Target to 27,500 Yen From 25,000 Yen, Keeps at Buy
MT
08/03Japan's Nikkei rises as investors pick up firms with positive earnings
RE
08/02Japan's Nikkei rises as investors hunt for firms reporting positive earnings
RE
08/02Japanese shares end lower on U.S.-China tensions, firmer yen
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08/02DAIKIN INDUSTRIES, LTD. : Press Release
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08/01Japanese shares fall on U.S.-China tensions, stronger yen
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07/28Japan's Nikkei erases early gains over earnings worries
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07/24Japan's Nikkei set to snap 7-day winning streak; Fed meet, U.S. GDP in focus
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07/22Japan's Nikkei ends at 6-week high as growth stocks jump
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07/20Japan's Nikkei ends at 6-week high on tech boost
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Analyst Recommendations on DAIKIN INDUSTRIES, LTD.
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Financials
Sales 2023 3 503 B 25 874 M 25 874 M
Net income 2023 252 B 1 862 M 1 862 M
Net cash 2023 166 B 1 226 M 1 226 M
P/E ratio 2023 27,9x
Yield 2023 0,91%
Capitalization 7 027 B 51 903 M 51 903 M
EV / Sales 2023 1,96x
EV / Sales 2024 1,84x
Nbr of Employees 88 698
Free-Float 91,7%
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Technical analysis trends DAIKIN INDUSTRIES, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 24 010,00 JPY
Average target price 25 158,82 JPY
Spread / Average Target 4,78%
EPS Revisions
Managers and Directors
Masanori Togawa Director & Managing Executive Officer
Koichi Takahashi GM-Accounting, Finance & Manager-Budget
Noriyuki Inoue Director
Takashi Matsuzaki Senior Managing Executive Officer
Yuji Yoneda Manager-Technology Innovation Center
Sector and Competitors