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    9983   JP3802300008

FAST RETAILING CO., LTD.

(9983)
  Report
Delayed Japan Exchange  -  01:00 2022-12-02 am EST
81360.00 JPY   -1.72%
12/01Japan's Nikkei plunges 2% as yen rise clobbers exporters
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11/30Japan's Nikkei rises as Powell comments lift Wall Street
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11/30Japan's Nikkei falls for 4th session as weak factory output weighs
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Japan's Nikkei inches higher as Fast Retailing, chip shares gain

09/05/2022 | 11:15pm EST

TOKYO, Sept 6 (Reuters) - Japan's Nikkei share average inched up on Tuesday, as investors bought back stocks after four straight sessions of losses, underpinned by gains in Uniqlo clothing shop owner Fast Retailing and heavyweight chip makers.

The Nikkei index inched up 0.02% to 27,624.96 by the midday break, after slipping into the negative territory momentarily. The broader Topix was 0.04% lower at 1,927.97.

The Nikkei was firm despite losses on the European stocks overnight, after the euro dropped below 99 cents for the first time in 20 years and European gas prices surged after Russia said its main gas supply pipeline to Europe would stay shut.

"Investors bought back beaten down stocks, particularly chip shares," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

"Japan's economy is supported by various government measures and stable compared with other countries, which gives a comfort to investors."

Fast Retailing gained 0.27% and provided the biggest support to the Nikkei.

Chip giants Tokyo Electron and Advantest edged up 0.28% and 0.52%, respectively.

Overall, Japanese equities are underpinned by expectations of domestic growth driven by various economic measures, including further easing of border controls after tourism demand was hurt by the COVID-19 outbreak, Nomura Securities strategist Maki Sawada said.

"But caution about slowdown of the U.S. economy capped further gains."

Unitika surged 8.71%, even after the textile maker was announced to be excluded from the Nikkei 225 in a regular reshuffle.

Maruha Nichiro fell 1% after the fishing company was excluded from the Nikkei, while Hoya jumped 2,73% after the eyeglass lenses maker was added to the index.

(Reporting by Junko Fujita; Editing by Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADVANTEST CORPORATION 0.21% 9550 Delayed Quote.-12.57%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.29% 0.6448 Delayed Quote.2.13%
BRITISH POUND / EURO (GBP/EUR) 0.15% 1.166 Delayed Quote.-2.63%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.30% 0.704945 Delayed Quote.2.71%
FAST RETAILING CO., LTD. -1.72% 81360 Delayed Quote.26.75%
HOYA CORPORATION -1.72% 14025 Delayed Quote.-16.60%
INDIAN RUPEE / EURO (INR/EUR) -0.49% 0.011655 Delayed Quote.0.12%
IWAICOSMO HOLDINGS, INC. -1.19% 1250 Delayed Quote.-6.64%
MARUHA NICHIRO CORPORATION -0.98% 2415 Delayed Quote.1.41%
NIKKEI 225 -1.59% 27777.9 Real-time Quote.-1.96%
NOMURA CO., LTD. -1.88% 993 Delayed Quote.6.19%
NOMURA CORPORATION 1.05% 1054 Delayed Quote.20.32%
TOKYO ELECTRON LTD. -0.34% 46740 Delayed Quote.-29.24%
TOPIX INDEX -1.64% 1953.98 Delayed Quote.-0.29%
UNITIKA LTD. -0.39% 258 Delayed Quote.-13.67%
US DOLLAR / EURO (USD/EUR) -0.05% 0.949442 Delayed Quote.9.08%
All news about FAST RETAILING CO., LTD.
12/01Japan's Nikkei plunges 2% as yen rise clobbers exporters
RE
11/30Japan's Nikkei rises as Powell comments lift Wall Street
RE
11/30Japan's Nikkei falls for 4th session as weak factory output weighs
RE
11/29Japan's Nikkei hits 2-week low after weak factory output data
RE
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
More news
Analyst Recommendations on FAST RETAILING CO., LTD.
More recommendations
Financials
Sales 2023 2 616 B 19 262 M 19 262 M
Net income 2023 236 B 1 738 M 1 738 M
Net cash 2023 936 B 6 889 M 6 889 M
P/E ratio 2023 35,4x
Yield 2023 0,80%
Capitalization 8 315 B 61 440 M 61 216 M
EV / Sales 2023 2,82x
EV / Sales 2024 2,53x
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 81 360,00 JPY
Average target price 88 863,08 JPY
Spread / Average Target 9,22%
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.26.75%59 263
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BURLINGTON STORES, INC.-33.24%12 666