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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsubishi UFJ Financial Group, Inc.    8306   JP3902900004

MITSUBISHI UFJ FINANCIAL GROUP, INC.

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Japanese airline ANA in talks to raise up to $4.7 billion capital from banks - Nikkei

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08/13/2020 | 02:26am EDT

Japanese airline company ANA Holdings Inc is in talks with multiple banks to raise capital of up to 500 billion yen ($4.7 billion) in the wake of the coronavirus-driven slump in air travel demand, the Nikkei business daily reported on Thursday.

Japan's biggest air carrier is asking private banks and the state-backed Development Bank of Japan to extend subordinated loans, as it prepares for a long-term decline in passenger demand, the Nikkei said.

The private banks in talks include the banking arms of Mitsubishi UFJ Financial Group Inc, Sumitomo Mitsui Financial Group Inc and Mizuho Financial Group, according to the report.

ANA did not immediately provide comment when contacted by Reuters.

Like other airlines around the world, ANA has been hammered by a collapse in air travel as the pandemic forced many countries to impose international and domestic restrictions.

Last month it reported an operating loss of 159 billion yen ($1.51 billion) for the first quarter ended June.

Air transport stocks are the second worst performers among the 33 industries on the Tokyo market, down more than 36% so far this year. Only shares of mining companies, down 37%, have fared worse.

($1 = 106.6900 yen)

(Reporting by Chris Gallagher and Makiko Yamazaki; Editing by Himani Sarkar & Shri Navaratnam)


Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. 1.83% 2416.5 End-of-day quote.-33.65%
MITSUBISHI UFJ FINANCIAL GROUP, INC. 1.75% 424.9 End-of-day quote.-28.37%
MIZUHO FINANCIAL GROUP, INC. 1.82% 1312 End-of-day quote.-22.04%
NIKKEI 225 -0.70% 23474.27 Real-time Quote.-0.07%
SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.71% 2995.5 End-of-day quote.-25.82%
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Financials
Sales 2021 3 941 B 37 674 M 37 674 M
Net income 2021 629 B 6 010 M 6 010 M
Net Debt 2021 - - -
P/E ratio 2021 8,55x
Yield 2021 5,90%
Capitalization 5 421 B 51 824 M 51 829 M
Capi. / Sales 2021 1,38x
Capi. / Sales 2022 1,39x
Nbr of Employees 150 800
Free-Float 88,5%
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Technical analysis trends MITSUBISHI UFJ FINANCIAL GROUP, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 576,67 JPY
Last Close Price 424,90 JPY
Spread / Highest target 90,6%
Spread / Average Target 35,7%
Spread / Lowest Target 5,91%
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Managers
NameTitle
Hironori Kamezawa President & Director
Nobuyuki Hirano Executive Chairman
Takayoshi Futae Group Co-COO & GM-Global Commercial Banking
Tetsuya Yonehana Group CFO & Senior Managing Executive Officer
Hiroki Kameda Group Chief Information Officer
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