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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nintendo Co., Ltd.    7974   JP3756600007

NINTENDO CO., LTD.

(7974)
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Nikkei briefly recovers to pre-pandemic levels on COVID-19 treatment hopes

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08/25/2020 | 03:21am EDT

TOKYO, Aug 25 (Reuters) - Japan's Nikkei share average on Tuesday briefly recovered to levels before the COVID-19 crisis hammered markets early this year, as sentiment was boosted by treatment hopes, but pared back gains after investors booked profits.

The benchmark Nikkei share average rose 1.35% to 23,296.77, after rising as high as 23,431.04, a level unseen since Feb. 21.

There were 207 advancers on the index against 16 decliners.

The broader Topix gained 1.13% to 1,625.23. All but three of the 33 sector sub-indexes on the Tokyo exchange traded higher, with airlines, textiles and banking being the three top performers.

The rally in early trade was due to "positive headlines about the coronavirus," said Hideyuki Ishiguro, senior strategist at Daiwa Securities.

"If economic recovery progresses with developments of the coronavirus vaccines for example, Nikkei could rise to around 24,000 on stock buybacks in the short term," he added.

All three major indexes on Wall Street closed higher overnight as President Donald Trump hailed the U.S. Food and Drug Administration's authorisation of a COVID-19 treatment that uses blood plasma from recovered patients.

The Trump administration was also considering fast-tracking an experimental COVID-19 vaccine, the Financial Times reported.

Providing additional support to risk appetite, Japan's capital Tokyo reported 95 new coronavirus cases on Monday, the lowest single-day tally since July 8.

Separately, worries over U.S.-China relations eased as the U.S. Trade Representative's Office said top U.S. and Chinese officials saw progress on resolving issues over the Phase 1 trade deal, and both sides were committed to the success of the agreement.

Among top performing sectors, airlines rose 6.03% after U.S.-listed peers jumped overnight. ANA Holdings spiked 7.18%, while Japan Airlines added 4.65%.

Nintendo hit a 12-year high before reversing course to trade 2.25% lower on profit-taking. (Reporting by Eimi Yamamitsu; Editing by Subhranshu Sahu and Shailesh Kuber)


Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. 3.17% 2391.5 End-of-day quote.-34.34%
DAIWA SECURITIES GROUP INC. 1.16% 460.3 End-of-day quote.-16.76%
JAPAN AIRLINES CO., LTD. 2.16% 2036 End-of-day quote.-40.06%
NIKKEI 225 0.18% 23516.59 Real-time Quote.-0.59%
NINTENDO CO., LTD. -1.47% 55030 End-of-day quote.25.15%
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Financials
Sales 2021 1 457 B 13 910 M 13 910 M
Net income 2021 344 B 3 283 M 3 283 M
Net cash 2021 1 166 B 11 135 M 11 135 M
P/E ratio 2021 19,5x
Yield 2021 2,62%
Capitalization 6 555 B 62 564 M 62 591 M
EV / Sales 2021 3,70x
EV / Sales 2022 3,63x
Nbr of Employees 6 200
Free-Float 85,7%
Chart NINTENDO CO., LTD.
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Nintendo Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends NINTENDO CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 64 600,00 JPY
Last Close Price 55 030,00 JPY
Spread / Highest target 38,1%
Spread / Average Target 17,4%
Spread / Lowest Target -18,2%
EPS Revisions
Managers
NameTitle
Shuntaro Furukawa President & Representative Director
Satoru Shibata Director, General Manager-Sales & Operations
Hajime Murakami Executive Officer & GM-Administration
Ko Shiota Director, GM-Technology & Development
Shigeru Miyamoto Representative Director
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