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    3086   JP3386380004

J.FRONT RETAILING CO., LTD.

(3086)
  Report
Delayed Japan Exchange  -  01:00 2022-12-09 am EST
1161.00 JPY   -0.09%
12/05J Front Retailing : Flash Report on Tenant Transaction Volume of PARCO Stores November 2022
PU
12/02J Front Retailing : Q&A summary at ESG presentation
PU
12/01J Front Retailing : Monthly Sales Flash of Department Store Business November 2022
PU
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Japan's Nikkei posts worst weekly loss in 3 months on rate angst

09/02/2022 | 02:38am EST

SINGAPORE/TOKYO, Sept 2 (Reuters) - Japan's Nikkei share average marked its worst week in nearly three months on Friday, while the benchmark ended flat for the day, pulled down by concerns over aggressive interest rate hikes globally, with a weaker yen providing only a smidgen of comfort.

The Nikkei ended 0.04% lower at 27,650.84 and posted a 3.4% weekly decline, its worst loss since mid-June.

The broader Topix fell 0.27% to 1,930.17, after touching a six-week low of 1,926.05 earlier in the session. The index lost 2.5% for this week.

Market expectations for U.S. interest rates have crept steadily higher - hurting appetite for stocks - since last week's speech from Federal Reserve chair Jerome Powell, who reiterated his focus taming inflation above all.

"Many people in the equity markets, including Japan, now think that the upside is very limited, because of that (hawkish) stance of the Federal Reserve," said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management in Tokyo.

Technology firms have faced a particular clobbering from the hawkish rate-hike view, making the sector the largest drag on the broader market on Friday.

Gaming company Nexon, which touched a six-month low after reporting quarterly earnings on Thursday, fell 3.06% and was the biggest drag on the Nikkei.

Shares of Trend Micro slipped 1.68% and lost more than 7% for the week, as the cybersecurity firm recoiled from a two-decade high scaled last month.

Department store operators J.Front Retailing and Isetan Mitsukoshi rose 2.06% and 1.99%, respectively.

Focus has shifted to U.S. labour data due later on Friday, which if strong could reinforce expectations that the Fed hikes rates by a steep 75 basis points later in September, and on the currency market where the yen is wallowing at a 24-year low.

"Of course, a weakened yen has been helping the profits of the exporting companies," said Sumitomo's Kichikawa.

"But it's not clear whether the yen weakness is positive for the economy and equity pricing in Japan because at the moment, Japan's trade balance is in the negative territory."

(Reporting by Rae Wee and Junko Fujita; Writing by Tom Westbrook; Editing by Sherry Jacob-Phillips)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) 0.21% 92.76 Delayed Quote.9.75%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.36% 0.67996 Delayed Quote.-7.37%
BRITISH POUND / JAPANESE YEN (GBP/JPY) 0.15% 167.45 Delayed Quote.6.91%
BRITISH POUND / US DOLLAR (GBP/USD) 0.31% 1.22736 Delayed Quote.-9.76%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) -0.42% 100.072 Delayed Quote.9.67%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.26% 0.73334 Delayed Quote.-7.41%
EURO / JAPANESE YEN (EUR/JPY) -0.24% 143.901 Delayed Quote.9.56%
EURO / US DOLLAR (EUR/USD) -0.08% 1.0546 Delayed Quote.-7.55%
INDIAN RUPEE / JAPANESE YEN (INR/JPY) -0.41% 1.654369 Delayed Quote.7.50%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.21% 0.012127 Delayed Quote.-9.45%
ISETAN MITSUKOSHI HOLDINGS LTD. 0.08% 1303 Delayed Quote.53.18%
J.FRONT RETAILING CO., LTD. -0.09% 1161 Delayed Quote.10.98%
JAPANESE YEN / SWISS FRANC (JPY/CHF) -0.01% 0.6835 Delayed Quote.-13.12%
NEW ZEALAND DOLLAR / JAPANESE YEN (NZD/JPY) 0.53% 87.601 Delayed Quote.10.02%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.69% 0.64202 Delayed Quote.-7.09%
NEXON CO., LTD. 2.05% 3030 Delayed Quote.33.50%
NIKKEI 225 1.18% 27901.01 Real-time Quote.-4.23%
SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.11% 4634 Delayed Quote.17.40%
TOPIX INDEX 1.03% 1961.56 Delayed Quote.-2.55%
TREND MICRO 0.15% 6500 Delayed Quote.1.56%
US DOLLAR / JAPANESE YEN (USD/JPY) -0.15% 136.435 Delayed Quote.18.52%
All news about J.FRONT RETAILING CO., LTD.
12/05J Front Retailing : Flash Report on Tenant Transaction Volume of PARCO Stores November 202..
PU
12/02J Front Retailing : Q&A summary at ESG presentation
PU
12/01J Front Retailing : Monthly Sales Flash of Department Store Business November 2022
PU
11/30Transcript : J. Front Retailing Co., Ltd. - Special Call
CI
11/30J Front Retailing : ESG Presentation
PU
11/15J Front Retailing : Consolidated Revenue Report October 2022
PU
11/15J. Front Retailing Co., Ltd. Announces Consolidated Sales Results for the Month of Octo..
CI
11/04J Front Retailing : Flash Report on Tenant Transaction Volume of PARCO Stores October 2022
PU
11/01J Front Retailing : Monthly Sales Flash of Department Store Business October 2022
PU
10/27J. Front Retailing Co., Ltd. agreed to acquire 50.8% stake in XENOZ Co., Ltd.
CI
More news
Analyst Recommendations on J.FRONT RETAILING CO., LTD.
More recommendations
Financials
Sales 2023 356 B 2 609 M 2 609 M
Net income 2023 17 659 M 129 M 129 M
Net Debt 2023 220 B 1 612 M 1 612 M
P/E ratio 2023 17,2x
Yield 2023 2,69%
Capitalization 304 B 2 231 M 2 228 M
EV / Sales 2023 1,47x
EV / Sales 2024 1,45x
Nbr of Employees 5 589
Free-Float 89,6%
Chart J.FRONT RETAILING CO., LTD.
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J.Front Retailing Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends J.FRONT RETAILING CO., LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 1 161,00 JPY
Average target price 1 252,00 JPY
Spread / Average Target 7,84%
EPS Revisions
Managers and Directors
Tatsuya Yoshimoto Manager-Marketing Planning Promotions
Hayato Wakabayashi Head-Financial Policy
Ryoichi Yamamoto Chairman
Hirokazu Matsuda Senior Manager-Operations & Personnel Strategy
Rieko Sato Independent Outside Director
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