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    9107   JP3223800008

KAWASAKI KISEN KAISHA, LTD.

(9107)
  Report
Delayed Japan Exchange  -  02:00:00 2023-03-24 am EDT
3260.00 JPY   +1.56%
03/24Kawasaki Kisen Kaisha : Notice Regarding the Status and Completion of Own Share Repurchase
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03/24Tranche Update on Kawasaki Kisen Kaisha, Ltd.'s Equity Buyback Plan announced on November 4, 2022.
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03/24Kawasaki Kisen Kaisha, Ltd.'s Equity Buyback announced on November 4, 2022 has closed with the repurchase of 35,236,000 shares, representing 12.73% for ą89,535.33 million.
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Japan shares rally after Wall Street rebound; shippers hit 10-year highs

06/21/2021 | 11:16pm EDT

TOKYO, June 22 (Reuters) - Japanese shares jumped on Tuesday, clawing back most of the previous session's losses, tracking Wall Street overnight as investors reassessed the hawkish turn at the U.S. Federal Reserve.

The Nikkei share average jumped 2.9% to 28,822.28, with all 225 shares advancing. The index tumbled 3.3% in the previous session.

Shippers led gains, with the sector advancing 8.5% after Mitsui OSK Lines more than tripled its forecast for six-month net income to 170 billion yen ($1.54 billion).

Mitsui OSK was among the top performing stocks on the Topix, jumping 9.4% and touching a decade high. Rival Kawasaki Kisen rallied 8.6% and also reached a decade high, while Nippon Yusen gained 8.2%.

The broad Topix rose 2.9%, reversing Monday's 2.4% slide, with every sector advancing.

Value stocks outperformed, with the Topix Value index rallying 3%, compared with the Topix Growth index's 2.7% climb.

The global equity sell-off last week, which spilled into Asian stocks on Monday, came after the Fed unexpectedly signalled earlier rate hikes.

St. Louis Fed President James Bullard's fanned the flames on Friday by saying the shift toward faster policy tightening was a "natural" response to economic growth.

U.S. stocks posted sharp gains on Monday, with the S&P 500 advancing 1.4%.

"After the rebound on Wall Street, investors have confidence to start buying back Japanese shares," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.

"The market has priced in one Fed rate hike for next year, but that seems to be it for now. I don't think it's the case that three or four hikes are going to priced in."

Automakers were among other stand-out stocks, with Suzuki Motor rallying 6.9% and Toyota Motor adding 3% amid a weakening yen, which boosts exporters' profits.

Home builders also gained, with Daiwa House and Sekisui House rising 6.2% and 5.9%, respectively.

"The vaccine rollout is progressing in Japan, so little by little economic activity will be getting back to normal," Ichikawa said, which is lifting stocks such as home builders.

($1 = 110.2700 yen) (Editing by Amy Caren Daniel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.05% 0.6645 Delayed Quote.-1.94%
BRITISH POUND / US DOLLAR (GBP/USD) 0.00% 1.223 Delayed Quote.1.53%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.01% 0.727 Delayed Quote.-1.24%
DAIWA HOUSE INDUSTRY CO., LTD. -0.13% 3084 Delayed Quote.1.48%
EURO / US DOLLAR (EUR/USD) -0.01% 1.0758 Delayed Quote.1.24%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.12% 0.012149 Delayed Quote.0.59%
KAWASAKI KISEN KAISHA, LTD. 1.56% 3260 Delayed Quote.16.97%
MITSUI O.S.K. LINES LTD 0.57% 3505 Delayed Quote.6.54%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.00% 0.6201 Delayed Quote.-1.64%
NIKKEI 225 -0.13% 27385.25 Real-time Quote.4.95%
NIPPON YUSEN KABUSHIKI KAISHA 1.04% 3305 Delayed Quote.6.27%
S&P 500 0.56% 3970.99 Real-time Quote.3.42%
SEKISUI HOUSE, LTD. -0.02% 2656.5 Delayed Quote.13.84%
SUMITOMO MITSUI FINANCIAL GROUP, INC. -0.54% 5189 Delayed Quote.-2.02%
SUZUKI MOTOR CORPORATION 0.19% 4680 Delayed Quote.9.58%
TOPIX INDEX -0.10% 1955.32 Delayed Quote.3.36%
TOYOTA INDUSTRIES CORPORATION -1.89% 6760 Delayed Quote.-6.63%
TOYOTA MOTOR CORPORATION -0.17% 1784 Delayed Quote.-1.57%
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Analyst Recommendations on KAWASAKI KISEN KAISHA, LTD.
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Financials
Sales 2023 892 B 6 824 M 6 824 M
Net income 2023 651 B 4 981 M 4 981 M
Net Debt 2023 274 B 2 095 M 2 095 M
P/E ratio 2023 1,23x
Yield 2023 9,97%
Capitalization 806 B 6 167 M 6 167 M
EV / Sales 2023 1,21x
EV / Sales 2024 1,05x
Nbr of Employees 5 158
Free-Float 61,9%
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Mean consensus HOLD
Number of Analysts 9
Last Close Price 3 260,00 JPY
Average target price 3 090,78 JPY
Spread / Average Target -5,19%
EPS Revisions
Managers and Directors
Yukikazu Myochin Manager-Container Ship Business
Eizo Murakami Manager-Container Ship Business
Shuzo Kawano Chief Information Officer
Yukio Toriyama Manager-Port Business Group
Akira Okabe Independent Non-Executive Outside Director
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