MITSUBISHI UFJ FINANCIAL GROUP, INC

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Delayed Japan Exchange  -  05/20 01:00:06 am EDT
721.50 JPY   +0.84%
05/16SECTOR UPDATE : Financial Stocks Decline Premarket Monday
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05/16SECTOR UPDATE : Financial
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05/16Mitsubishi UFJ Financial Group's Fiscal 2022 Earnings Rise, Revenue Falls
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Nikkei gives up gains as caution kicks in before U.S. payrolls

01/06/2022 | 10:45pm EDT

TOKYO, Jan 7 (Reuters) - The Nikkei share average sank into the midday break on Friday, giving up strong early gains, as the mood turned cautious ahead of a key U.S. jobs report and a three-day weekend in Japan.

The Nikkei lost 0.33% to 28,395.24, while the broader Topix dropped 0.41%.

Semiconductor stocks, which were among the leading gainers at the open, dragged on the indexes, with Advantest sliding 0.65% and Tokyo Electron slipping 0.12%.

Uniqlo store operator Fast Retailing declined 1.46%, surrendering an early advance. Sony shed 0.45%.

"With the three-day weekend coming up, after an initial round of buying, selling to close out positions has come to dominate trading," said a market participant at a domestic securities firm. "There isn't any strong reason to buy stocks today, after U.S. stocks traded sideways overnight."

The S&P 500 ended 0.1% lower on Thursday, ahead of the U.S. non-farm payrolls due later on Friday, which could strengthen Federal Reserve officials' resolve for an early and speedy pace of monetary policy normalization.

Expectations for three quarter-point U.S. rate increases this year have driven Treasury yields to multi-month highs.

That lifted shares of banks and other financial institutions in Japan. Mitsubishi UFJ Financial Group jumped 3.67%.

Energy shares also rose, supported by higher crude oil prices.

SoftBank Group was the Nikkei's biggest winner by index points, with a 1.86% rally.

The Topix value-share index rose 0.18%, compared with a 1.0% slide in the growth-share index. (Reporting by Tokyo markets team; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
FAST RETAILING CO., LTD. 2.94% 59900 Delayed Quote.-8.08%
MITSUBISHI UFJ FINANCIAL GROUP, INC 0.78% 721.5 Delayed Quote.16.34%
SOFTBANK GROUP CORP. 3.20% 5217 Delayed Quote.-5.47%
SONY GROUP CORPORATION 1.36% 11550 Delayed Quote.-20.07%
TOKYO ELECTRON LTD 1.37% 58480 Delayed Quote.-9.93%
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Financials
Sales 2022 3 983 B 31 278 M 31 278 M
Net income 2022 1 119 B 8 783 M 8 783 M
Net Debt 2022 - - -
P/E ratio 2022 8,12x
Yield 2022 3,93%
Capitalization 9 026 B 70 874 M 70 874 M
Capi. / Sales 2022 2,27x
Capi. / Sales 2023 2,24x
Nbr of Employees 148 100
Free-Float 90,0%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 715,50 JPY
Average target price 852,73 JPY
Spread / Average Target 19,2%
EPS Revisions
Managers and Directors
Hironori Kamezawa President, Group CEO & Representative Director
Tetsuya Yonehana Group CFO & Senior Managing Executive Officer
Hiroki Kameda Group Chief Information Officer
Takayoshi Futae Group Co-COO & GM-Global Commercial Banking
Tsutomu Okuda Independent Outside Director