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    1911   JP3409800004

SUMITOMO FORESTRY CO., LTD.

(1911)
  Report
Delayed Japan Exchange  -  02:00 2022-10-04 am EDT
2287.00 JPY   +3.44%
09/12Sumitomo Forestry : Releases Sustainability Report 2022
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08/10Sumitomo Forestry : Notice Regarding Adjustment of Conversion Price for Zero Coupon Convertible Bonds due 2023
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08/10Japan's Nikkei falls as chip stocks track U.S. peers lower
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Japan's Nikkei falls as chip stocks track U.S. peers lower

08/10/2022 | 02:34am EDT

TOKYO, Aug 10 (Reuters) - Japan's Nikkei fell on Wednesday, dragged down by chip-related shares after Micron Technology led U.S. tech heavyweights lower overnight, while investors awaited U.S. inflation data that could influence the Federal Reserve's tightening path.

The Nikkei share average closed 0.65% lower at 27,819.33, while the broader Topix edged 0.17% lower to 1,933.65.

The Nasdaq closed lower on Tuesday after a dismal forecast from Micron Technology pulled down chip makers and tech stocks.

Chip-making equipment maker Tokyo Electron fell 2.75% and chip-testing equipment maker Advantest lost 3.8%.

Other heavyweights also lost ground, with Uniqlo clothing shop owner Fast Retailing shedding 2.75% and medical services platform M3 sliding 3.5%.

Companies that reported robust earnings gained. Sumitomo Forestry jumped 8.34% after the home builder forecast a full-year profit compared to its earlier estimate of a loss.

Rohto Pharmaceutical surged 14.1% after the drug maker raised its annual profit forecast.

"The market responded to stocks with positive earnings," said Maki Sawada, a strategist at Nomura Securities.

But investors were cautious ahead of a local holiday on Thursday and as they awaited U.S. inflation data that could guide the Federal Reserve's rate-hike pace, she said.

There were 139 advancers on the Nikkei index against 84 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 1.11 billion, compared with the average of 1.19 billion in the past 30 days. (Reporting by Junko Fujita; editing by Uttaresh.V and Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADVANTEST CORPORATION 1.85% 7150 Delayed Quote.-35.60%
FAST RETAILING CO., LTD. 2.02% 77860 Delayed Quote.16.86%
M3, INC. 5.26% 4285 Delayed Quote.-29.73%
MICRON TECHNOLOGY, INC. 3.23% 51.72 Delayed Quote.-44.48%
NASDAQ COMPOSITE 2.27% 10815.43 Real-time Quote.-32.40%
NIKKEI 225 2.96% 26992.21 Real-time Quote.-9.91%
NOMURA CO., LTD. 4.89% 944 Delayed Quote.-5.56%
NOMURA CORPORATION 0.65% 1088 Delayed Quote.23.40%
ROHTO PHARMACEUTICAL CO.,LTD. 1.98% 4630 Delayed Quote.30.65%
SUMITOMO FORESTRY CO., LTD. 3.44% 2287 Delayed Quote.-0.67%
TOKYO ELECTRON LTD. 2.68% 38340 Delayed Quote.-43.66%
TOPIX INDEX 3.21% 1906.89 Delayed Quote.-7.85%
All news about SUMITOMO FORESTRY CO., LTD.
09/12Sumitomo Forestry : Releases Sustainability Report 2022
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08/10Sumitomo Forestry : Notice Regarding Adjustment of Conversion Price for Zero Coupon Conver..
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08/10Japan's Nikkei falls as chip stocks track U.S. peers lower
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08/09Japan's Nikkei falls as chip shares track U.S. peers lower
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More news
Financials
Sales 2022 1 615 B 11 192 M 11 192 M
Net income 2022 105 B 726 M 726 M
Net Debt 2022 183 B 1 265 M 1 265 M
P/E ratio 2022 4,22x
Yield 2022 5,65%
Capitalization 442 B 3 062 M 3 062 M
EV / Sales 2022 0,39x
EV / Sales 2023 0,39x
Nbr of Employees 21 254
Free-Float 81,7%
Chart SUMITOMO FORESTRY CO., LTD.
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Sumitomo Forestry Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends SUMITOMO FORESTRY CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Last Close Price 2 211,00 JPY
Average target price 2 865,00 JPY
Spread / Average Target 29,6%
EPS Revisions
Managers and Directors
Toshiro Mitsuyoshi President & Representative Director
Akira Ichikawa President & Representative Director
Junko Hirakawa Independent Outside Director
Izumi Yamashita Independent Outside Director
Ryu Yano Director
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