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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nomura Holdings, Inc.    8604   JP3762600009


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Japan's ANA plans share issue after board meeting as early as next week: sources

11/20/2020 | 11:17am EST
FILE PHOTO: A Japan Airlines (JAL) aircraft takes off near All Nippon Airways (ANA) aircrafts at Haneda Airport in Tokyo

TOKYO (Reuters) - Japan's ANA Holdings Inc plans to issue new shares following a board meeting as early as next week, two sources said, a move that would see it raise around $1.9 billion to bolster its balance sheet.

Japan's biggest airline has picked Nomura Holdings and Goldman Sachs Group Inc as two of the joint global coordinators for its first share offering since 2012, said the sources, both of whom declined to be identified because the information was not public.

The issuance is expected to raise around 200 billion yen ($1.9 billion), one of the sources said.

No one was immediately available for comment at ANA outside of regular working hours.

The Nikkei newspaper reported in September that ANA was mulling a potential 200 billion yen share issuance.

ANA, like other airlines, is burning through cash to keep jets flying albeit with too few passengers. Though demand for domestic flights has recovered to about half of last year's level, helped by government-subsidised travel, it is flying only a fraction of its usual international schedule.

It has forecast a record operating loss of $4.82 billion for the year to end-March and is temporarily transferring more than 400 workers to other companies. Other staff are being asked to take pay cuts or unpaid leave.

Domestic rival Japan Airlines Co Ltd also said earlier this month it would raise $1.8 billion in a share sale to strengthen its finances.

While Japan has avoided the worst of the pandemic, faring far better than the United States and Europe, it is now experiencing a surge in new daily infections. The nationwide tally hit a new high above 2,000 for the third straight day on Friday, according to domestic media.

($1 = 103.7600 yen)

(Reporting by Takashi Umekawa and Maki Shiraki; Editing by Alex Richardson and David Evans)

By Takashi Umekawa and Maki Shiraki

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. 1.06% 2233 End-of-day quote.-1.93%
JAPAN AIRLINES CO., LTD. -0.21% 1890 End-of-day quote.-5.26%
NIKKEI 225 -0.96% 28546.18 Real-time Quote.5.02%
NOMURA CO., LTD. 0.75% 806 End-of-day quote.-5.40%
NOMURA HOLDINGS, INC. 0.07% 563 End-of-day quote.3.30%
THE GOLDMAN SACHS GROUP, INC. -0.45% 281.76 Delayed Quote.9.74%
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Sales 2021 1 452 B 14 008 M 14 008 M
Net income 2021 291 B 2 807 M 2 807 M
Net Debt 2021 - - -
P/E ratio 2021 5,79x
Yield 2021 5,21%
Capitalization 1 554 B 14 987 M 14 989 M
Capi. / Sales 2021 1,07x
Capi. / Sales 2022 1,17x
Nbr of Employees 26 629
Free-Float 85,2%
Duration : Period :
Nomura Holdings, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends NOMURA HOLDINGS, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 11
Average target price 573,50 JPY
Last Close Price 555,30 JPY
Spread / Highest target 20,7%
Spread / Average Target 3,28%
Spread / Lowest Target -19,0%
EPS Revisions
Managers and Directors
Kentaro Okuda Group Chief Executive Officer
Koji Nagai Chairman
Toshio Morita Group Co-Chief Operating Officer
Takumi Kitamura Chief Financial Officer & Executive Officer
Jun Yoshimura Executive Officer & Head-Group IT
Sector and Competitors