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    6988   JP3684000007

NITTO DENKO CORPORATION

(6988)
  Report
Delayed Japan Exchange  -  02:00 2022-09-22 am EDT
8350.00 JPY   -0.95%
08/12Foreigners net buyers of Japanese stocks in the week to Aug 5 after a weekly sale
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08/05NITTO DENKO : Financial Results First Quarter FY2022
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08/05NITTO DENKO : Quarterly Financial Summary
PU
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Foreigners turn net sellers of Japanese stocks in the week to July 29

08/04/2022 | 03:37am EDT

Aug 4 (Reuters) - Foreigners turned net sellers of Japanese stocks in the week ended July 29 on concerns over some disappointing corporate earnings outlook and the recent strength in the yen, seen unfavorable for local exporters.

Overseas investors sold Japanese stocks worth a net 150.18 billion yen ($1.12 billion) last week, which compares with 885.63 billion yen worth of net buying in the week before, data from exchanges showed.

They exited 308.3 billion yen in cash equities, but purchased derivatives worth a net 158.12 billion yen.

A recent rally in the yen weighed on investor sentiment last week as its weakness earlier this year, had boosted the profit outlook for some local exporters.

Shares of Nitto Denko fell more than 5% last week as currency was the major driver behind its earnings outlook upgrade. Meanwhile, Toyota supplier Denso downgraded its outlook and dipped 7% last week.

The Nikkei share average and the Topix index , however, added 1.73% and 1.4% respectively last week, marking their second weekly gain in a row.

Last week, Japanese bonds drew 296.5 billion yen worth of foreign money in a fifth straight week of inflow, finance ministry data showed.

On the other hand, Japanese investors sold overseas bonds of 69.6 billion yen last week, but obtained 336.9 billion yen worth of foreign equities in a seventh successive week of net buying. ($1 = 134.00 yen)

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) 0.00% 93.61 Delayed Quote.13.12%
BRITISH POUND / JAPANESE YEN (GBP/JPY) 0.04% 155.566 Delayed Quote.2.87%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) 0.03% 105.457 Delayed Quote.15.95%
DENSO CORPORATION 0.58% 7323 Delayed Quote.-23.15%
EURO / JAPANESE YEN (EUR/JPY) -0.75% 138.918 Delayed Quote.6.97%
INDIAN RUPEE / JAPANESE YEN (INR/JPY) 0.43% 1.764353 Delayed Quote.13.69%
JAPANESE YEN / SWISS FRANC (JPY/CHF) -0.15% 0.6833 Delayed Quote.-13.45%
NEW ZEALAND DOLLAR / JAPANESE YEN (NZD/JPY) 0.01% 82.342 Delayed Quote.5.63%
NIKKEI 225 -0.58% 27153.83 Real-time Quote.-5.69%
NITTO DENKO CORPORATION -0.95% 8350 Delayed Quote.-6.07%
TOPIX INDEX -0.24% 1916.12 Delayed Quote.-3.83%
TOYOTA INDUSTRIES CORPORATION 0.00% 7290 Delayed Quote.-20.67%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.01% 143.33 Delayed Quote.23.64%
All news about NITTO DENKO CORPORATION
08/12Foreigners net buyers of Japanese stocks in the week to Aug 5 after a weekly sale
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08/05NITTO DENKO : Financial Results First Quarter FY2022
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07/28Japan's Nikkei erases early gains over earnings worries
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Analyst Recommendations on NITTO DENKO CORPORATION
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Financials
Sales 2023 942 B 6 581 M 6 581 M
Net income 2023 116 B 809 M 809 M
Net cash 2023 423 B 2 956 M 2 956 M
P/E ratio 2023 10,7x
Yield 2023 2,80%
Capitalization 1 236 B 8 630 M 8 630 M
EV / Sales 2023 0,86x
EV / Sales 2024 0,79x
Nbr of Employees 25 961
Free-Float 97,6%
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Technical analysis trends NITTO DENKO CORPORATION
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 8 350,00 JPY
Average target price 9 849,23 JPY
Spread / Average Target 18,0%
EPS Revisions
Managers and Directors
Hideo Takasaki President, CEO, COO & Representative Director
Yasuhiro Iseyama Deputy Senior Manager-Accounting & Finance
Yosuke Miki Director & Senior Executive Officer
Yoichiro Furuse Independent Non-Executive Outside Director
Takashi Hatchoji Independent Non-Executive Outside Director
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