Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Fast Retailing Co., Ltd.
  6. News
  7. Summary
    9983   JP3802300008

FAST RETAILING CO., LTD.

(9983)
  Report
Delayed Japan Exchange  -  01:00 2022-11-28 am EST
80070.00 JPY   +0.23%
11/27Japan's Nikkei sinks as China COVID worries weigh; tech shares slide
RE
11/25Fast Retailing : Year-end Report 2021/22 (2021.9.1-2022.8.31)
PU
11/18Fast Retailing Says Investment Unit Decrease Depends on Market Conditions
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japan's Nikkei ends slightly higher ahead of Powell speech

08/26/2022 | 02:58am EST

TOKYO, Aug 26 (Reuters) - Japanese shares ended slightly higher on Friday after erasing some of their earlier gains, as cautious investors awaited a speech by Federal Reserve Chair Jerome Powell for fresh clues about the path of U.S. monetary policy tightening.

The Nikkei share average ended up 0.57% at 28,641.38, well off the morning session's high of 28,792.93.

The broader Topix also gave up some of its early gains to close 0.15% higher at 1,979.59.

The market were buoyed by a tech-led rally on Wall Street overnight, amid lower U.S. bond yields as several Fed officials were non-committal about the size of interest rate hike they will approve at their meeting next month.

Powell will speak at the Fed's annual symposium in Jackson Hole, Wyoming at 1400 GMT.

"The desire to close out positions may be strengthening," a market participant at a domestic securities company said.

"It's a difficult environment to take new positions," a market participant at another securities firm said.

The Nikkei, however, still posted a 1% weekly drop, after a rally for three weeks.

Of the Nikkei's 225 component stocks, 134 rose versus 83 that fell, while eight were flat.

Industrials made up the best performing sector, followed by basic materials and tech. Energy was the biggest loser, following an overnight decline in crude oil prices.

Chipmaking equipment maker Tokyo Electron was the biggest mover by index points, adding 35 points to the benchmark with a 2.23% gain.

Uniqlo store operator Fast Retailing contributed 33 points, with a 1.1% advance.

Startup investor SoftBank Group also rose 1.19%. That's after major holding Alibaba rallied following a Wall Street Journal report that the United States and China were nearing an agreement allowing American accounting regulators to travel to Hong Kong to inspect audit records of U.S.-listed Chinese companies. (Reporting by Tokyo markets team; Editing by Subhranshu Sahu and Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -3.82% 75.5 Delayed Quote.-36.44%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.39% 0.66843 Delayed Quote.-7.05%
BRENT OIL -2.75% 80.95 Delayed Quote.9.14%
BRITISH POUND / US DOLLAR (GBP/USD) 0.08% 1.20688 Delayed Quote.-10.61%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.26% 0.74362 Delayed Quote.-5.53%
EURO / US DOLLAR (EUR/USD) 0.10% 1.03812 Delayed Quote.-8.57%
FAST RETAILING CO., LTD. 0.23% 80070 Delayed Quote.22.32%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.09% 0.012231 Delayed Quote.-8.84%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.09% 0.62134 Delayed Quote.-8.65%
NIKKEI 225 -0.42% 28162.83 Real-time Quote.-1.77%
S&P GSCI CRUDE OIL INDEX -2.77% 406.9384 Real-time Quote.1.42%
SOFTBANK GROUP CORP. -0.61% 6042 Delayed Quote.11.87%
TOKYO ELECTRON LTD. -1.56% 45300 Delayed Quote.-30.57%
TOPIX INDEX -0.68% 2004.31 Delayed Quote.1.29%
WTI -2.86% 73.738 Delayed Quote.3.43%
All news about FAST RETAILING CO., LTD.
11/27Japan's Nikkei sinks as China COVID worries weigh; tech shares slide
RE
11/25Fast Retailing : Year-end Report 2021/22 (2021.9.1-2022.8.31)
PU
11/18Fast Retailing Says Investment Unit Decrease Depends on Market Conditions
MT
11/16Fast Retailing : "LifeWear=Sustainablity" Second Annual Sustainability Briefing (3.5MB)
PU
11/16Fast Retailing : Hosts Second LifeWear = Sustainability Briefing - Progress and Achievemen..
PU
11/15Japanese shares fall on fears of geopolitical risks
RE
11/10Japan's Nikkei hits 2-month high on signs of cooling U.S. inflation
RE
11/08Nomura Adjusts Fast Retailing's Price Target to 85,000 Yen From 78,000 Yen, Keeps at Ne..
MT
11/07Japanese shares rise on Wall Street gains, robust outlook
RE
11/06Japanese shares rise on Wall Street gains, robust corporate outlook
RE
More news
Analyst Recommendations on FAST RETAILING CO., LTD.
More recommendations
Financials
Sales 2023 2 616 B 18 793 M 18 793 M
Net income 2023 236 B 1 695 M 1 695 M
Net cash 2023 936 B 6 721 M 6 721 M
P/E ratio 2023 34,7x
Yield 2023 0,82%
Capitalization 8 165 B 58 645 M 58 645 M
EV / Sales 2023 2,76x
EV / Sales 2024 2,48x
Nbr of Employees 57 576
Free-Float 51,9%
Chart FAST RETAILING CO., LTD.
Duration : Period :
Fast Retailing Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FAST RETAILING CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 79 890,00 JPY
Average target price 88 863,08 JPY
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Tadashi Yanai Director
Takeshi Okazaki CFO, Director & Group Senior Executive Officer
Masaaki Shintaku Independent Outside Director
Toru Hambayashi Independent Outside Director
Nobumichi Hattori Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
FAST RETAILING CO., LTD.22.32%58 645
INDITEX-12.51%80 762
KERING-22.86%69 476
ROSS STORES, INC.1.45%40 238
HENNES & MAURITZ AB-33.01%18 660
BURLINGTON STORES, INC.-32.56%12 725