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    5631   JP3721400004

THE JAPAN STEEL WORKS, LTD.

(5631)
  Report
Delayed Japan Exchange  -  09:30 2022-11-29 pm EST
2899.00 JPY   -0.82%
11/25Profit-Taking Edges Japan Equities Into Red Zone
MT
11/14Japan Steel Works : Summary of Consolidated Financial Results for the Six Months Ended September 30, 2022
PU
11/14Japan Steel Works : Summary of Consolidated Financial Results for the Six Months Ended September 30, 2022
PU
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Japan stocks fall on subdued earnings, grim gaming sector outlook

08/08/2022 | 11:13pm EST

Aug 9 (Reuters) - Japanese stocks fell on Tuesday, hit by weak quarterly earnings by heavyweights and lowered expectations for the video game market, while investors awaited key U.S. inflation data.

Japan's Nikkei share average was down 0.85% and on course to snap a four-day rally. It closed at 28,009.35 by the end of the morning session after dipping below the 28,000 psychological barrier.

The broader Topix fell 0.73%.

"It looks like a lot of investors don't want to make moves before Wednesday's U.S. Consumer Price Index (CPI) data release," a domestic securities broker said, adding that the market tends to be quiet during Japan's ongoing summer high school baseball tournament.

Of the Nikkei's 225 components, 154 made losses, four were flat, and 67 made gains.

Technology was the worst performing sector, down 1.96% overall. The only sector to gain was energy, up 1.83%.

Japan Steel Works Ltd and Tokyo Electron Ltd lost the most at 9.33% and 8.43%, respectively, following the release of their quarterly earnings on Monday.

SoftBank Group Corp also fell on its earnings, having announced job cuts at its Vision Fund investing arm after a record quarterly loss.

Japan's video game giants Sony Group Corp and Nintendo Co Ltd already released their results in previous weeks, but nonetheless appeared to be affected by graphics chip maker Nvidia's overnight earnings that pointed to weakness in the gaming market.

Sony fell 2.81%, while Nintendo lost 1.04%. Nvidia's earnings were a catalyst that sent the S&P 500 index into negative territory overnight, NAB's director of economics, Tapas Strickland, wrote in a note.

Security software company Trend Micro Inc was the best performer, rising 9.79% on the news that activist investor ValueAct Capital Partners built an 8.7% stake. (Reporting by Sam Byford and Tokyo markets team; Editing by Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
NINTENDO CO., LTD. -0.07% 5864 Delayed Quote.10.08%
SOFTBANK GROUP CORP. -0.57% 5925 Delayed Quote.11.19%
SONY GROUP CORPORATION -1.85% 11160 Delayed Quote.-20.48%
THE JAPAN STEEL WORKS, LTD. -0.82% 2899 Delayed Quote.-23.45%
TOKYO ELECTRON LTD. -0.29% 44680 Delayed Quote.-31.65%
TREND MICRO -3.41% 6790 Delayed Quote.11.89%
All news about THE JAPAN STEEL WORKS, LTD.
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More news
Financials
Sales 2023 256 B 1 848 M 1 848 M
Net income 2023 13 411 M 96,9 M 96,9 M
Net cash 2023 4 907 M 35,5 M 35,5 M
P/E ratio 2023 16,1x
Yield 2023 1,98%
Capitalization 215 B 1 554 M 1 554 M
EV / Sales 2023 0,82x
EV / Sales 2024 0,72x
Nbr of Employees 5 329
Free-Float 88,9%
Chart THE JAPAN STEEL WORKS, LTD.
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Technical analysis trends THE JAPAN STEEL WORKS, LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Last Close Price 2 923,00 JPY
Average target price 4 100,00 JPY
Spread / Average Target 40,3%
EPS Revisions
Managers and Directors
Toshio Matsuo President & Representative Director
Yutaka Higashiizumi Deputy Manager-Muroran Plant
Nobuo Mochida Independent Outside Director
Sadao Degawa Independent Outside Director
Naotaka Miyauchi Director
Sector and Competitors