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    7267   JP3854600008

HONDA MOTOR CO., LTD.

(7267)
  Report
Delayed Japan Exchange  -  09:30 2022-12-06 pm EST
3296.00 JPY   +0.76%
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Nikkei hits 7-month high on hopes for smaller U.S. rate hikes

08/11/2022 | 11:03pm EST

TOKYO, Aug 12 (Reuters) - Japan's benchmark stock index jumped to a seven-month high on Friday, with SoftBank Group and other tech heavyweights leading the charge, as signs of cooling U.S. inflation raised hopes for smaller Federal Reserve rate hikes and boosted risk appetite.

The Nikkei share average rose as much as 2.5% to 28,507.31, its highest since Jan. 18, before ending the morning session 2.37% higher at 28,479.99. It has risen 1.08% so far this week in what would be its second straight weekly gain.

The broader Topix had gained 1.83% to 1,969.02 by the midday break and was on course to rise 1.12% for the week.

Japanese markets were closed on Thursday for a local holiday.

Data released on Wednesday showed that U.S. consumer prices were unchanged in July compared with June, prompting bets that the Fed could slow down its rate hikes.

"The Japanese market is stronger today than I had expected," said Jun Morita, general manager of the research department at Chibagin Asset Management. "One reason for not buying stocks has been eliminated after investors confirmed the slower pace of U.S. inflation."

SoftBank Group jumped 6.85% and was the biggest boost for the Nikkei after the technology investor said it would book a $34.1 billion gain by trimming its stake in Alibaba Group Holding.

Chip-making equipment maker Tokyo Electron advanced 4.75% and robot maker Fanuc climbed 5%.

Honda Motor rose 3.15% after the automaker raised its outlook for full-year operating profit thanks to a weaker yen.

All but one of the Tokyo Stock Exchange's 33 industry sub-indexes rose, with electric machinery makers leading the rally with a 2.74% gain.

(Reporting by Junko Fujita; Editing by Subhranshu Sahu)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 1.03% 91.45 Delayed Quote.-23.02%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.12% 0.67056 Delayed Quote.-7.62%
BRITISH POUND / US DOLLAR (GBP/USD) 0.08% 1.21425 Delayed Quote.-9.12%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.09% 0.73312 Delayed Quote.-5.99%
EURO / US DOLLAR (EUR/USD) 0.04% 1.0471 Delayed Quote.-7.68%
FANUC CORPORATION -0.81% 20940 Delayed Quote.-14.44%
HONDA MOTOR CO., LTD. 0.73% 3296 Delayed Quote.0.43%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.64% 0.012133 Delayed Quote.-8.53%
MORITA HOLDINGS CORPORATION 1.51% 1141 Delayed Quote.-11.24%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.09% 0.63298 Delayed Quote.-6.33%
NIKKEI 225 0.24% 27885.87 Real-time Quote.-3.37%
SOFTBANK GROUP CORP. 0.51% 5952 Delayed Quote.11.67%
TOKYO ELECTRON LTD. -2.86% 45240 Delayed Quote.-30.45%
TOPIX INDEX 0.12% 1952.52 Delayed Quote.-2.23%
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Analyst Recommendations on HONDA MOTOR CO., LTD.
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Financials
Sales 2023 17 155 B 126 B 126 B
Net income 2023 750 B 5 496 M 5 496 M
Net Debt 2023 3 916 B 28 689 M 28 689 M
P/E ratio 2023 7,45x
Yield 2023 3,89%
Capitalization 5 531 B 40 516 M 40 516 M
EV / Sales 2023 0,55x
EV / Sales 2024 0,50x
Nbr of Employees 204 035
Free-Float 90,7%
Chart HONDA MOTOR CO., LTD.
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Honda Motor Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends HONDA MOTOR CO., LTD.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 3 271,00 JPY
Average target price 4 018,75 JPY
Spread / Average Target 22,9%
EPS Revisions
Managers and Directors
Toshihiro Mibe President, Chief Executive Officer & Director
Kohei Takeuchi CFO, Director & Compliance Officer
Seiji Kuraishi Chairman
Kunihiko Sakai Independent Outside Director
Fumiya Kokubu Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
HONDA MOTOR CO., LTD.0.43%40 206
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