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    5214   JP3733400000

NIPPON ELECTRIC GLASS CO., LTD.

(5214)
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Delayed Japan Exchange  -  10:26 2022-08-11 pm EDT
2595.00 JPY   +1.21%
08/10Nippon Electric Glass Co., Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2022
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08/10Nippon Electric Glass Co., Ltd. Announces Dividend Guidance for the Year Ending December 31, 2022
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08/10Nippon Electric Glass Co., Ltd. Announces Dividend for the Second Quarter Ended June 30, 2022, Payable on August 31, 2022
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Japan's Nikkei snaps 4-day rally after Wall Street slump

06/29/2022 | 02:37am EDT

TOKYO, June 29 (Reuters) - Japan's Nikkei index snapped a four-session rally on Wednesday, dragged down by heavyweight technology stocks after Wall Street fell sharply overnight on fears of an economic slowdown.

The Nikkei share average ended 0.91% lower at 26,804.60. The broader Topix lost 0.72% to 1,893.57.

"Today's market decline is solely due to Wall Street's loss, which was driven by concerns over consumption," said Shuji Hosoi, a senior strategist at Daiwa Securities.

"Oil price gains also weigh on sentiment. Globally, the solution for this has not been identified."

Major Wall Street indexes closed sharply lower in a broad sell-off overnight, as dire consumer confidence data dampened investor optimism and fuelled worries over recession and the looming earnings season.

Chip-making equipment maker Tokyo Electron fell 5.27% and dragged the Nikkei the most. Technology investor SoftBank Group slipped 1.64% and phone company KDDI lost 1.89%.

Liquid crystal display maker Nippon Electric Glass fell 4.31% and was the top loser on the Nikkei.

Tokyo Electric Power Holdings jumped 5.27% and was the top gainer on the Nikkei, after Japanese Prime Minister Fumio Kishida said the nation would make greatest possible use of nuclear power and secure enough power supply.

His remark came as Tokyo's heat broke nearly 150-year-old records for June and authorities warned power supply remained tight enough to raise the spectre of cuts.

The utility sector advanced 1.01% and was the top gainer among the Tokyo Stock Exchange's 33 industry sub-indexes.

Airlines and railways rose 0.84% and 0.51%, respectively. (Reporting by Junko Fujita; Editing by Rashmi Aich and Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DAIWA SECURITIES GROUP INC. 1.32% 605.2 Delayed Quote.-7.94%
KDDI CORPORATION 0.58% 4177 Delayed Quote.23.47%
NIKKEI 225 -0.65% 27819.33 Real-time Quote.-3.38%
NIPPON ELECTRIC GLASS CO., LTD. 1.17% 2595 Delayed Quote.-13.06%
SOFTBANK GROUP CORP. 6.94% 5681 Delayed Quote.-2.19%
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC. -0.20% 498 Delayed Quote.68.35%
TOKYO ELECTRON LTD 4.64% 46480 Delayed Quote.-33.00%
TOPIX INDEX 1.83% 1969.02 Delayed Quote.-2.95%
All news about NIPPON ELECTRIC GLASS CO., LTD.
08/10Nippon Electric Glass Co., Ltd. Provides Consolidated Earnings Guidance for the Full Ye..
CI
08/10Nippon Electric Glass Co., Ltd. Announces Dividend Guidance for the Year Ending Decembe..
CI
08/10Nippon Electric Glass Co., Ltd. Announces Dividend for the Second Quarter Ended June 30..
CI
07/29NIPPON ELECTRIC GLASS : Consolidated Financial Results for the Second Quarter of the Year ..
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06/29Japan's Nikkei snaps 4-day rally after Wall Street slump
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06/29NIPPON ELECTRIC GLASS CO., LTD. : Ex-dividend day for interim dividend
FA
06/28Japan's Nikkei tracks Wall Street lower, tech shares weigh
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06/28Nippon Electric Glass Develops New Products, Expanding 5G Wireless Communication Area
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06/27NIPPON ELECTRIC GLASS : Corporate Governance Report
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06/23NIPPON ELECTRIC GLASS : IR Calendar is updated.
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Analyst Recommendations on NIPPON ELECTRIC GLASS CO., LTD.
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Financials
Sales 2022 328 B 2 468 M 2 468 M
Net income 2022 32 050 M 241 M 241 M
Net cash 2022 21 607 M 163 M 163 M
P/E ratio 2022 7,27x
Yield 2022 4,68%
Capitalization 239 B 1 797 M 1 797 M
EV / Sales 2022 0,66x
EV / Sales 2023 0,56x
Nbr of Employees 6 251
Free-Float 79,2%
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Technical analysis trends NIPPON ELECTRIC GLASS CO., LTD.
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 2 564,00 JPY
Average target price 3 175,00 JPY
Spread / Average Target 23,8%
EPS Revisions
Managers and Directors
Motoharu Matsumoto Accounting Manager
Masayuki Arioka Manager-Glass Fiber Business
Hiroki Yamazaki Director, Head-Basic Technology & Quality Audit
Haruki Matsumiya Managing Executive Officer & GM-Process Technology
Masaaki Kadomi Managing Executive Officer, GM-R&D
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