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  -  02:00 2022-08-17 am EDT
88130.00 JPY   +2.80%
08/16Japan's Nikkei surpasses 29,000-mark on Wall St rally overnight
RE
08/15Nikkei hits over 7-month high on Wall Street optimism, robust earnings
RE
08/14Japanese shares rise on Wall Street optimism, strong earnings
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japan's Nikkei tracks Wall Street lower on worries over U.S. economy

06/30/2022 | 11:18pm EDT

TOKYO, July 1 (Reuters) - Japan's Nikkei index erased early gains to trade lower on Friday tracking overnight Wall Street losses, as investors were worried about an economic slowdown in the United States.

The Nikkei share average fell 0.88% to 26,159.53 by the midday break and is set to post a 1.2% weekly loss.

The broader Topix slipped 0.71% to 1,857.49, on course to edge down 0.5% for the week.

"Investors were concerned about the outlook of U.S. economy," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

Wall Street ended lower overnight, with the benchmark S&P 500 posting its steepest percentage drop for the first six months since 1970, amid concerns over the Ukraine-Russia war, soaring inflation, higher interest rates and, more recently, a possible U.S. recession.

In Japan, heavyweights fell, with Uniqlo owner Fast Retailing slipping 2.12% and chip-making equipment maker Tokyo Electron losing 3.52%.

Mitsubishi Corp fell 5% and dragged the Topix the most and peer Mitsui & Co lost 5.5%.

Russia will create a firm that would take over all rights and obligations of the Sakhalin Energy Investment Company, a consortium half-held by the two trading firm and Shell.

"The news about the rights for the Sakhalin project dented investor sentiment as well," said Arisawa.

Travel-related stocks were weak, with airlines. and railways losing 1.74% and 0.45%, respectively, amid a recent rise in the number of domestic COVID-19 cases. The real estate sector lost 0.05%.

Department stores' shares rose, with Takashimaya surging 9.77% and J.Front Retailing gaining 3.28%, after their profits turned to positive in the latest quarter.

(Reporting by Junko Fujita; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
FAST RETAILING CO., LTD. 2.80% 88130 Delayed Quote.31.27%
IWAICOSMO HOLDINGS, INC. 1.11% 1274 Delayed Quote.-7.01%
J.FRONT RETAILING CO., LTD. 1.21% 1086 Delayed Quote.2.48%
MITSUBISHI CORPORATION 1.47% 4350 Delayed Quote.17.39%
MITSUI & CO., LTD. 1.43% 3121 Delayed Quote.12.98%
NIKKEI 225 1.23% 29222.77 Real-time Quote.0.27%
SHELL PLC 0.62% 2182 Delayed Quote.33.71%
TAKASHIMAYA COMPANY, LIMITED 0.69% 1453 Delayed Quote.34.86%
TOKYO ELECTRON LTD -0.30% 46290 Delayed Quote.-29.95%
TOPIX INDEX 1.26% 2006.99 Delayed Quote.-0.52%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -2.83% 59.75 Delayed Quote.-17.96%
All news about FAST RETAILING CO., LTD.
08/16Japan's Nikkei surpasses 29,000-mark on Wall St rally overnight
RE
08/15Nikkei hits over 7-month high on Wall Street optimism, robust earnings
RE
08/14Japanese shares rise on Wall Street optimism, strong earnings
RE
08/10Japan's Nikkei falls as chip stocks track U.S. peers lower
RE
08/09Japan's Nikkei falls as chip shares track U.S. peers lower
RE
08/05India's DLF mulls auction bid for New Delhi mall with base price of $366 mln-sources
RE
08/05Japanese shares hit nearly 2-month high on positive earnings
RE
08/04Strong earnings boost Japanese shares to nearly 2-month high
RE
08/04India's DLF mulls auction bid for New Delhi mall with base price of $366 million-source..
RE
08/04Uniqlo owner Fast Retailing to open first GU discount clothing store in U.S
RE
More news
Analyst Recommendations on FAST RETAILING CO., LTD.
More recommendations
Financials
Sales 2022 2 229 B 16 470 M 16 470 M
Net income 2022 233 B 1 721 M 1 721 M
Net cash 2022 677 B 4 998 M 4 998 M
P/E ratio 2022 38,0x
Yield 2022 0,66%
Capitalization 9 005 B 66 530 M 66 530 M
EV / Sales 2022 3,74x
EV / Sales 2023 3,37x
Nbr of Employees 55 589
Free-Float 51,5%
Chart FAST RETAILING CO., LTD.
Duration : Period :
Fast Retailing Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FAST RETAILING CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 88 130,00 JPY
Average target price 77 519,23 JPY
Spread / Average Target -12,0%
EPS Revisions
Managers and Directors
Tadashi Yanai Director
Takeshi Okazaki CFO, Director & Group Senior Executive Officer
Masaaki Shintaku Independent Outside Director
Toru Hambayashi Independent Outside Director
Nobumichi Hattori Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
FAST RETAILING CO., LTD.31.27%65 238
INDITEX-9.32%81 936
KERING-20.20%70 473
ROSS STORES, INC.-18.94%32 417
HENNES & MAURITZ AB-24.93%21 297
PRADA S.P.A.-10.02%14 653