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Delayed Japan Exchange  -  05/19 02:00:00 am EDT
58160.00 JPY   -3.12%
02:31aNikkei snaps four-day rally as inflation jitters return
05/18Japan's Nikkei set to snap four sessions of gains on growth worries
05/18Nikkei 225 Up Near 1% on US Retail Data, China Pandemic Outlook
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Nikkei marks best year-end close since 1980s bubble

12/30/2021 | 02:00am EDT

TOKYO, Dec 30 (Reuters) - The Nikkei share average on Thursday recorded its highest year-end closing level since the bubble era of the 1980s, despite posting small losses in thin trading ahead of a four-day holiday.

The benchmark slipped 0.40% to 28,791.71, with about 12 stocks declining for every one that rose. The broader Topix lost 0.33% to 1,992.33, but also marked the best year-end close since 1989, following a 10.4% rally this year.

The Nikkei has rallied 4.9% this year, driven by fiscal and monetary stimulus as well as optimism for a post-pandemic economic recovery that has lifted stocks to records globally this year.

"The backdrop for stocks looks good next year," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management, predicting the Nikkei will top 30,000 by end-March.

"Omicron looks like it won't result in a big shock for markets (and) investors don't seem concerned about the prospect of two or three rate hikes by the Federal Reserve next year."

The Nikkei hit its highest level of 2021 in September at 30,795.78, a first since 1990, the year of the stock market crash which had ushered in a "lost decade", a banking crisis and years of deflation and weak domestic demand from which Japan has yet to recover.

"During the bubble, price-to-earnings ratios were very elevated, but the Nikkei isn't so expensive now, so a break of 30,000 isn't a reason to worry," Ichikawa said.

In 1990, the market traded at about 50 times expected earnings, compared with around 15.5 times currently.

None of 1990's Japanese banks with hefty market capitalisations exist now, as they subsequently suffered massive loan losses and repeated mergers to survive. Now, the market is led by Toyota Motor, followed by SoftBank Group .

"It's true that Japanese stocks have been pulled higher by overseas markets, but strong earnings at Japanese companies have also been an important driver," said Takuya Yamada, an executive officer in the investment management department at PayPay Asset Management.

On Thursday though, every Nikkei sector was lower. Uniqlo store-operator Fast Retailing was the biggest drag, sliding 0.55%, while Nintendo dropped 2.03% and sauce maker Kikkoman lost 2.13%.

SoftBank Group was the biggest gainer by index points on Thursday, rising 1.46%. The biggest percentage gainer was Z Holdings, formerly known as Yahoo Japan, which rallied 3.33%. (Reporting by Kevin Buckland; Additional reporting by Tokyo markets team; Editing by Devika Syamnath)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FAST RETAILING CO., LTD. -3.12% 58160 Delayed Quote.-8.08%
KIKKOMAN CORPORATION -2.44% 6790 Delayed Quote.-28.02%
NIKKEI 225 -1.89% 26402.84 Real-time Quote.-6.53%
NINTENDO CO., LTD. -0.19% 59160 Delayed Quote.10.48%
SOFTBANK GROUP CORP. -1.60% 5055 Delayed Quote.-5.47%
SUMITOMO MITSUI FINANCIAL GROUP, INC. -0.64% 3890 Delayed Quote.-0.71%
TOYOTA INDUSTRIES CORPORATION -2.41% 8110 Delayed Quote.-9.58%
TOYOTA MOTOR CORPORATION -1.91% 2005 Delayed Quote.-2.92%
YAMADA HOLDINGS CO., LTD. 0.22% 461 Delayed Quote.17.05%
Z HOLDINGS CORPORATION -3.10% 418.5 Delayed Quote.-35.29%
All news about FAST RETAILING CO., LTD.
02:31aNikkei snaps four-day rally as inflation jitters return
05/18Japan's Nikkei set to snap four sessions of gains on growth worries
05/18Nikkei 225 Up Near 1% on US Retail Data, China Pandemic Outlook
05/18Nikkei closes at 2-week high after retail sales data lifts Wall Street
05/17Japan's Nikkei gains for third day on China optimism; subdued earnings weigh
05/16Japan's Nikkei edges higher on China optimism; subdued earnings weigh
05/11Japanese shares track Wall Street lower; tech stocks weigh
05/09Japan's Nikkei pulled lower by U.S. stock weakness; Uniqlo owner tumbles
05/08Japan's Nikkei pulled lower by weakness in U.S. stocks; Uniqlo owner tumbles
04/28Japanese shares rise as BOJ keeps ultra-loose policy
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Analyst Recommendations on FAST RETAILING CO., LTD.
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Sales 2022 2 217 B 17 409 M 17 409 M
Net income 2022 194 B 1 520 M 1 520 M
Net cash 2022 621 B 4 874 M 4 874 M
P/E ratio 2022 30,8x
Yield 2022 0,94%
Capitalization 5 942 B 46 354 M 46 662 M
EV / Sales 2022 2,40x
EV / Sales 2023 2,12x
Nbr of Employees 55 589
Free-Float 51,4%
Duration : Period :
Fast Retailing Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends FAST RETAILING CO., LTD.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 58 160,00 JPY
Average target price 69 674,17 JPY
Spread / Average Target 19,8%
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.-8.08%47 844
INDITEX-27.09%67 938
KERING-34.46%60 035
ROSS STORES, INC.-18.57%32 609
HENNES & MAURITZ AB-26.76%21 572
PRADA S.P.A.-6.71%15 175