PAN PACIFIC INTERNATIONAL HOLDINGS CORPORATION

(7532)
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Delayed Japan Exchange  -  05/27 02:00:00 am EDT
1944.00 JPY   +9.34%
05/27Nikkei snaps 3-session slide on Wall Street rally, posts weekly gain
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05/11Pan Pacific's Fiscal Nine-month Attributable Profit Inches Up
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05/10Pan Pacific International Holdings Corporation Provides Consolidated Earnings Guidance for the Full Year Ending June 30, 2022
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Japan shares rise on bargain hunting for undervalued stocks, cost woes weigh

11/10/2021 | 09:48pm EDT

TOKYO, Nov 11 (Reuters) - Japanese shares gained on Thursday, as investors were selective and scooped up stocks that were undervalued in comparison to their latest outlooks, while concerns over impact of rising costs on outlook capped gains.

The Nikkei share average rose 0.6% to 29,280.42 by 0153 GMT, after losing as much as 0.2% to track overnight weakness on Wall Street earlier in the session. The broader Topix gained 0.37% to 2,015.34.

Wall Street closed sharply lower overnight as surging consumer prices curbed investor risk appetite, and stoked worries of a protracted wave of red hot inflation.

"Investors bought shares whose prices proven undervalued relative to their latest outlook. We have been seeing a clear contrast in stock prices between those with strong earnings and those without," said Ikuo Mitsui, fund manager at Aizawa Securities.

"But we can't see any sign for the end of the global trend of rising costs in materials and transportation, which have been weighing on the investor sentiment."

Toppan Printing surged 9.01% after the printing company raised its annual outlook. Showa Denko, too, rose 7.29%, as the industrial materials maker returned to profit.

Pacific Metals surged 16.01%, after an activist fund disclosed its holdings in the manufacture of ferronickel.

On the other hand, cosmetics maker Shiseido and brewery Asahi Group Holdings fell 5.82% and 3.25%, respectively, after cutting their annual profit outlook.

Pan Pacific International Holdings tanked 9.21% after the operator of discount stores' outlook missed market expectations.

There were 145 advancers on the Nikkei index against 71 decliners.

(Editing by Rashmi Aich)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASAHI GROUP HOLDINGS, LTD. -0.16% 4238 Delayed Quote.-5.27%
NIKKEI 225 0.66% 26781.68 Real-time Quote.-6.98%
PACIFIC METALS CO LTD., 0.86% 2922 Delayed Quote.37.12%
PAN PACIFIC INTERNATIONAL HOLDINGS CORPORATION 9.34% 1944 Delayed Quote.22.50%
S&P 500 2.47% 4158.24 Real-time Quote.-12.76%
SHISEIDO COMPANY, LIMITED 3.89% 5362 Delayed Quote.-16.40%
SHOWA DENKO KK 3.68% 2392 Delayed Quote.-0.95%
SHOWA HOLDINGS CO., LTD. -2.13% 46 Delayed Quote.-2.13%
TOPIX INDEX 0.52% 1887.3 Delayed Quote.-5.27%
TOPPAN PRINTING CO LTD 1.97% 2379 Delayed Quote.10.34%
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Financials
Sales 2022 1 843 B 14 500 M 14 500 M
Net income 2022 57 652 M 454 M 454 M
Net Debt 2022 402 B 3 166 M 3 166 M
P/E ratio 2022 20,5x
Yield 2022 0,87%
Capitalization 1 159 B 9 120 M 9 120 M
EV / Sales 2022 0,85x
EV / Sales 2023 0,77x
Nbr of Employees 16 838
Free-Float 60,2%
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Technical analysis trends PAN PACIFIC INTERNATIONAL HOLDINGS CORPORATION
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 1 944,00 JPY
Average target price 2 327,27 JPY
Spread / Average Target 19,7%
EPS Revisions
Managers and Directors
Naoki Yoshida President, CEO & Representative Director
Keita Shimizu Director & Chief Financial Officer
Tsuyoshi Nishii Co-Chief Operating Officer & Director
Takayuki Hinata Executive Officer, Head-Legal Affairs & Compliance
Yukihiko Inoue Outside Auditor
Sector and Competitors