Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Fast Retailing Co., Ltd.
  6. News
  7. Summary
    9983   JP3802300008


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japanese shares erase early gains as slow vaccination woes weigh on heavyweights

05/16/2021 | 11:17pm EDT

TOKYO, May 17 (Reuters) - Japanese shares erased early gains and edged down on Monday, as worries about slow-paced domestic vaccination rollouts weighed on sentiment, with index heavyweights including Tokyo Electron Ltd leading declines.

The Nikkei share average lost 1.18%% to 27,753.83 by 0235 GMT, after rising as much as 0.8% earlier in the session, while the broader Topix edged down 0.36% to 1,876.62.

"Japanese tech shares could have tracked Nasdaq's higher today but they didn't. That means the market has negative reasons that are unique to Japan," said Norihiro Fujito, chief investment strategist, Mitsubishi UFJ Morgan Stanley Securities.

"The biggest reason is slow rollouts of vaccines. That weighs on business sentiment, which prompted investors to sell the Nikkei's heavyweights."

Chipmaking equipment maker supplier Tokyo Electron fell 3.68%, becoming the biggest drag on Nikkei.

Other heavyweights also lost ground, with SoftBank Group losing 1.13% and Fast Retailing, operator of Uniqlo clothing stores, down 1.9%.

On Friday, Japan expanded a state of emergency to three more prefectures in a surprise move that reflects growing concern about the spread of the coronavirus.

While medical resources are being pushed to the brink, Japan's inoculation drive has been the slowest among advanced nations, with just 3% of the population vaccinated, according to Reuters data.

Honda Motor fell 3.22%, as the automaker warned semiconductor shortages and higher raw material costs would curb growth in the current year.

Seven & i Holdings fell 3.89% after U.S. officials raised competitive concerns over the Japanese retailer's acquisition of 3,900 Speedway gas and convenience stores from Marathon Petroleum Corp.

(Reporting by Junko Fujita; Editing by Rashmi Aich)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FAST RETAILING CO., LTD. -0.94% 82500 End-of-day quote.-10.78%
HONDA MOTOR CO., LTD. 0.25% 3585 End-of-day quote.24.59%
SEVEN & I HOLDINGS CO., LTD. 0.86% 4899 End-of-day quote.33.89%
SOFTBANK GROUP CORP. -0.27% 8000 End-of-day quote.-0.72%
TOKYO ELECTRON LIMITED 0.65% 47880 End-of-day quote.24.69%
All news about FAST RETAILING CO., LTD.
06/03Nikkei 225 Edges Up 0.4% on Wall Street Cues, Pandemic Outlook
06/02Japan shares gain on vaccine progress, Topix hits over 6-week high
06/02FAST RETAILINGá : UNIQLO Monthly Sales Information of Japan (May 2021)
06/02FAST RETAILINGá : UNIQLO Store Openings / Closings Information of Japan (May 202..
05/31Japanese shares end lower on profit-booking, drugmakers limit losses
05/30Japanese shares retreat from 3-week high; drugmakers limit losses
05/25Thai startup Pomelo pivots to fashion tech platform amid pandemic
05/25Japanese shares end higher on Wall Street gains, slow growth concerns weigh
05/25FAST RETAILINGá : UNIQLO Parent Company Fast Retailing Commits 220 Million Rupee..
05/24Japanese shares rise on tech boost, economic recovery worries cap gains
More news
Sales 2021 2 234 B 20 368 M 20 368 M
Net income 2021 169 B 1 538 M 1 538 M
Net cash 2021 496 B 4 522 M 4 522 M
P/E ratio 2021 50,1x
Yield 2021 0,61%
Capitalization 8 613 B 78 456 M 78 521 M
EV / Sales 2021 3,63x
EV / Sales 2022 3,23x
Nbr of Employees 57 727
Free-Float 51,4%
Duration : Period :
Fast Retailing Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FAST RETAILING CO., LTD.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 14
Average target price 91 985,71 JPY
Last Close Price 82 500,00 JPY
Spread / Highest target 45,7%
Spread / Average Target 11,5%
Spread / Lowest Target -15,8%
EPS Revisions
Managers and Directors
Tadashi Yanai Chairman, President & Group CEO
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.Capitalization (M$)
FAST RETAILING CO., LTD.-10.78%76 754
INDITEX20.28%118 011
KERING24.98%112 076
ROSS STORES, INC.-2.22%42 883
HENNES & MAURITZ AB22.53%41 904
ZALANDO SE2.75%28 568