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Delayed Japan Exchange  -  05/24 11:48:52 pm EDT
2029.00 JPY   -2.50%
05/18Japan Metropolitan Fund to Secure $46 Million in Loans
05/16TRANSCRIPT : Shinsei Bank, Limited, 2022 Earnings Call, May 16, 2022
05/15TRANSCRIPT : Shinsei Bank, Limited, 2022 Earnings Call, May 16, 2022
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Nikkei marks biggest fall in six months after hawkish Fed minutes

01/06/2022 | 02:18am EDT

TOKYO, Jan 6 (Reuters) - Japan's Nikkei fell the most in six months on Thursday, as investors sold expensive growth stocks after hawkish U.S. Federal Reserve meeting minutes sparked a sell-off on Wall Street last night.

The Nikkei share average closed 2.88% lower at 28,487.87, posting its biggest drop since June. The broader Topix fell 2.07% to 1,997.01.

The Mothers Index of start-up firms lost 4.9% to a 19-month low, losing almost 11% in the first three sessions of 2022.

U.S. stocks fell sharply overnight, with the Nasdaq down more than 3% in its biggest drop since February, after minutes of the Fed's last meeting signalled the central bank may raise interest rates sooner than expected.

"The Nikkei extended losses because U.S. futures fell (in Asian trading hours). Investors feared the U.S. market would fall further this evening," said Kazuharu Konishi, head of equities at Mitsubishi UFJ Kokusai Asset Management.

"Investors appeared to be almost dumping small stocks. It looks like not only individuals but also institutions are shifting their money to large, liquid and cheap stocks from smaller shares with higher valuations."

Toyota Motor gave up early gains to close down 0.3%, while Sony Group tumbled 6.9% after Wednesday's near 4% gain.

Uniqlo clothing shop owner Fast Retailing lost 4.9% after its December sales for existing stores fell 11.1%.

Medical equipment maker Terumo tumbled 9% after Mizuho Securities cut its target price, while medical services platform M3 tanked 6.7%.

Insurers inched up 0.4% on prospects that higher interest rates could help boost their earnings, while banks were almost flat, with Shinsei Bank rising 3.3% to become the top gainer on the Nikkei.

Japan's benchmark 10-year government bond yields hit a nine-month high, tracking elevated U.S. yields. (Reporting by Junko Fujita in Tokyo and Tom Westbrook in Sydney; Editing by Subhranshu Sahu)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.19% 0.7114 Delayed Quote.-2.40%
BRITISH POUND / US DOLLAR (GBP/USD) -0.04% 1.25365 Delayed Quote.-7.11%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.09% 0.78046 Delayed Quote.-1.14%
EURO / US DOLLAR (EUR/USD) -0.17% 1.07147 Delayed Quote.-6.03%
FAST RETAILING CO., LTD. 0.07% 59900 Delayed Quote.-7.44%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.12% 0.012892 Delayed Quote.-3.95%
KOKUSAI CO., LTD. -0.49% 604 Delayed Quote.-4.25%
KONISHI CO., LTD. 1.24% 1551 Delayed Quote.-11.14%
M3, INC. -1.04% 3819 Delayed Quote.-31.05%
MITSUBISHI UFJ FINANCIAL GROUP, INC -0.30% 736.8 Delayed Quote.17.44%
NASDAQ COMP. -2.35% 11264.45 Real-time Quote.-26.27%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.92% 0.6506 Delayed Quote.-5.73%
NIKKEI 225 -0.94% 26748.14 Real-time Quote.-6.22%
S&P 500 -0.81% 3941.48 Real-time Quote.-16.63%
SHINSEI BANK, LIMITED -2.50% 2029 Delayed Quote.11.96%
SONY GROUP CORPORATION -0.70% 11285 Delayed Quote.-20.90%
TERUMO CORPORATION 1.09% 4167 Delayed Quote.-15.60%
TOYOTA INDUSTRIES CORPORATION -1.94% 8080 Delayed Quote.-9.58%
TOYOTA MOTOR CORPORATION 0.56% 2062 Delayed Quote.-2.09%
05/18Japan Metropolitan Fund to Secure $46 Million in Loans
05/16TRANSCRIPT : Shinsei Bank, Limited, 2022 Earnings Call, May 16, 2022
05/15TRANSCRIPT : Shinsei Bank, Limited, 2022 Earnings Call, May 16, 2022
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04/28SHINSEI BANK : Downward Revision of FY2021 Full-Year Earnings Forecast
04/24Shinsei Bank, Limited agreed to acquire 49% stake in Unit of Military Commercial Joint..
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04/14SHINSEI BANK : Business Hours during Golden Week
04/06Shinsei Bank Conducts $16 Million Share Buyback in March
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Sales 2022 222 B 1 758 M 1 758 M
Net income 2022 32 693 M 258 M 258 M
Net Debt 2022 - - -
P/E ratio 2022 12,7x
Yield 2022 0,58%
Capitalization 425 B 3 357 M 3 357 M
Capi. / Sales 2022 1,91x
Capi. / Sales 2023 1,78x
Nbr of Employees 5 605
Free-Float 22,7%
Duration : Period :
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 2 081,00 JPY
Average target price 2 264,29 JPY
Spread / Average Target 8,81%
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Managers and Directors
Katsuya Kawashima President & Representative Director
Hirofumi Gomi Chairman
Michiyuki Okano Head-Group Information Technology
Akira Hirasawa Senior Managing Executive Officer
Minoru Hirayama Section Head-Group Finance & Administration
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