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    7205   JP3792600003

HINO MOTORS, LTD

(7205)
  Report
Delayed Japan Exchange  -  01:00 2022-12-02 am EST
608.00 JPY   -1.94%
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Japanese shares fall as tech heavyweights track Wall Street losses

08/22/2022 | 02:36am EST

TOKYO, Aug 22 (Reuters) - Japanese shares closed lower on Monday, with tech heavyweights leading the decline after Wall Street fell at the end of last week on higher bond yields.

The Nikkei share average fell 0.47% to 28,794.50, recovering some ground lost in early trade as China cut its benchmark lending rates.

The broader Topix inched 0.1% lower to 1,992.59.

"The Japanese market tracked Wall Street's declines (on Friday)... investors were concerned about inflation in Europe, which is higher than expected," said Shuji Hosoi, a senior strategist at Daiwa Securities.

"The yields rose because of that and that spurred concerns about an economic slowdown. Today, Japanese manufacturers were hit by these worries."

The rise in U.S. yields and slowdown concerns due to fears of aggressive policy tightening to tame inflationary pressures in Europe, including the UK, hit Japanese companies which are mainly exporters, he added.

U.S. stocks fell on Friday in a broad sell-off led by mega caps as bond yields rose, with the S&P 500 posting losses for the week after four straight weeks of gains.

Amazon.com, Apple <AAPL.O and Microsoft all fell and were the biggest drags on the S&P 500 and Nasdaq. Higher rates tend to be a negative for tech and growth stocks, whose valuations rely more heavily on future cash flows.

In Japan, chip-making equipment maker Tokyo Electron was the biggest drag on the Nikkei, dropping 1.97%. Robot maker Fanuc lost 1.93% and sensor maker TDK slipped 2.26%.

Hino Motors fell 3.53% to become the worst performer on the Nikkei as the automaker said it would suspend shipments of some small trucks after confirming that a widespread data falsification scandal included those models.

Energy-related shares rose, with oil explorers and refiners rising 2.47% and 1.77%, respectively.

Inpex Corp rose 3.01% and was the top gainer on the Nikkei. (Reporting by Junko Fujita; Editing by Rashmi Aich and Subhranshu Sahu)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -1.43% 94.13 Delayed Quote.-43.54%
FANUC CORPORATION -1.26% 20305 Delayed Quote.-16.71%
HINO MOTORS, LTD -1.94% 608 Delayed Quote.-35.87%
INPEX CORPORATION -2.35% 1497 Delayed Quote.49.40%
MICROSOFT CORPORATION 0.13% 255.02 Delayed Quote.-24.27%
TDK CORPORATION -2.69% 4875 Delayed Quote.8.57%
TOKYO ELECTRON LTD. -0.34% 46740 Delayed Quote.-29.48%
All news about HINO MOTORS, LTD
11/21Hino Motors : Notification Submitted to MLIT of Recall of Vehicles Equipped with the E13C ..
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11/02Japan's Nikkei closes flat ahead of Fed outcome; Sony jumps
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11/01Toyota Motor Second-Quarter Net Profit Fell 31% on Year
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10/28Correction: Nikkei 225 Slips 0.9% on Wall Street Cues, Earnings Season Result..
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10/28Nikkei 225 Slips 0.9% on Wall Street Cues, Earnings Season Results
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10/27Japan's Nikkei pares losses as strong earnings offset Wall St slide
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10/27Toyota truck arm Hino posts 70% drop in net profit amid data fraud
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10/27Hino Motors : Presentation "Financial Results"(15P | 1.1 MB)
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10/27Hino Motors : Supplemental Materials(1P | 60.5 KB)
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More news
Analyst Recommendations on HINO MOTORS, LTD
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Financials
Sales 2023 1 476 B 10 903 M 10 903 M
Net income 2023 -118 928 M -879 M -879 M
Net Debt 2023 339 B 2 502 M 2 502 M
P/E ratio 2023 -2,93x
Yield 2023 -
Capitalization 349 B 2 579 M 2 579 M
EV / Sales 2023 0,47x
EV / Sales 2024 0,43x
Nbr of Employees 34 405
Free-Float 47,7%
Chart HINO MOTORS, LTD
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Technical analysis trends HINO MOTORS, LTD
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Last Close Price 608,00 JPY
Average target price 663,20 JPY
Spread / Average Target 9,08%
EPS Revisions
Managers and Directors
Satoshi Ogiso President & Representative Director
Kenji Nagakubo General Manager-Technology Development
Ichiro Hisada Procurement Manager
Motokazu Yoshida Independent Outside Director
Koichi Muto Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
HINO MOTORS, LTD-35.87%2 579
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VOLKSWAGEN AG-21.67%86 975
MERCEDES-BENZ GROUP AG-5.18%71 895
BMW AG-3.65%57 694
GENERAL MOTORS COMPANY-31.95%56 686