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    4063   JP3371200001

SHIN-ETSU CHEMICAL CO., LTD.

(4063)
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Japan stocks edge higher on semiconductor gains, but coronavirus weighs

04/18/2021 | 10:36pm EDT

TOKYO, April 19 (Reuters) - Japanese stocks edged higher on Monday as some investors hoped to benefit from an expected increase in semiconductor production, but worries about rising coronavirus infections capped gains.

The Nikkei 225 Index rose 0.16% to 29,731.15 by 0201 GMT, while the broader Topix rose 0.04% to 1,961.58.

Stocks opened lower but gradually erased their losses in choppy trade.

Japan and the United States agreed last week to cooperate on investment in semiconductor supply chains in response to a global shortage of chips, which is seen as a positive for Japanese chemical and industrial companies, analysts said.

However, Japanese stocks still face downside risks as the governor of Tokyo is considering another state of emergency in response to a steady increase in coronavirus infections.

Japan's slow pace of vaccinations is also a negative factor for stock prices, analysts said.

"Markets in the United States and Europe are racing ahead, but Japanese stocks are being left behind," said Norihiro Fujito, chief investment strategist, Mitsubishi UFJ Morgan Stanley Securities.

"The difference is investors are linking vaccinations to the economic outlook. Industries that were damaged by the coronavirus last year will come under pressure again."

The stocks that gained the most among the top 30 core Topix names were Shin-Etsu Chemical Co Ltd up 1.87%, followed by Murata Manufacturing Co Ltd up 1.57%.

The underperformers among the Topix 30 were Nintendo Co Ltd down 1.89%, followed by Central Japan Railway Co losing 0.94%.

Toshiba Corp fell 4.02% after the Nikkei reported that private equity firm CVC Capital Partners will delay submitting a formal proposal to buy the Japanese industrial group.

There were 103 advancers on the Nikkei index against 113 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 0.39 billion, compared to the average of 1.31 billion in the past 30 days. (Reporting by Stanley White; Editing by Shailesh Kuber)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CENTRAL JAPAN RAILWAY COMPANY -1.00% 15855 End-of-day quote.8.67%
MURATA MANUFACTURING CO., LTD. -0.66% 9040 End-of-day quote.-3.00%
NIKKEI 225 -1.80% 27283.59 Real-time Quote.-0.59%
NINTENDO CO., LTD. -3.93% 56400 End-of-day quote.-14.32%
SHIN-ETSU CHEMICAL CO., LTD. -0.36% 17750 End-of-day quote.-1.61%
TOSHIBA CORPORATION 0.21% 4700 End-of-day quote.62.91%
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Financials
Sales 2022 1 798 B 16 393 M 16 393 M
Net income 2022 379 B 3 452 M 3 452 M
Net cash 2022 1 117 B 10 186 M 10 186 M
P/E ratio 2022 19,4x
Yield 2022 1,69%
Capitalization 7 376 B 67 205 M 67 272 M
EV / Sales 2022 3,48x
EV / Sales 2023 3,33x
Nbr of Employees 24 196
Free-Float 97,9%
Chart SHIN-ETSU CHEMICAL CO., LTD.
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Technical analysis trends SHIN-ETSU CHEMICAL CO., LTD.
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Mean consensus BUY
Number of Analysts 17
Last Close Price 17 750,00 JPY
Average target price 21 805,88 JPY
Spread / Average Target 22,9%
EPS Revisions
Managers and Directors
Yasuhiko Saitoh President & Representative Director
Chihiro Kanagawa Chairman
Fumio Akiya Vice Chairman & Head-Technology
Toshio Shiobara Director, Head-Research & Development
Frank P. Popoff Independent Outside Director
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