THE KANSAI ELECTRIC POWER CO., INC.

(9503)
  Report
Delayed Japan Exchange  -  02:00 2022-08-10 am EDT
1264.00 JPY   +1.61%
08/05APLUS Co., Ltd. reached an agreement to acquire Clearpass Co., Ltd. from The Kansai Electric Power Company, Incorporated.
CI
07/29The Kansai Electric Power Company, Incorporated Provides Earnings Forecasts for the Fiscal Year of 2023
CI
07/29KANSAI ELECTRIC POWER : Announcement of financial results for the 3 months ended June 30,2022
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Japan's Nikkei posts biggest drop in over 4 months on U.S. inflation woes

06/13/2022 | 03:08am EDT

TOKYO, June 13 (Reuters) - Japan's Nikkei share average posted its sharpest drop in more than four months on Monday, ending at a two-week low, after a bigger-than-expected U.S. inflation spike in May sent Wall Street sharply lower on the weekend.

The Nikkei index fell 3.01% to close at 26,987.44, in its biggest fall since Jan. 27. The index also hit its lowest level since May 27.

The broader Topix lost 2.16% to 1,901.06.

U.S. stocks posted their biggest weekly drop since January on Friday and ended sharply lower on the day, as a steeper-than-expected rise in U.S. consumer prices in May fuelled fears of more aggressive interest rate hikes by the Federal Reserve.

"Investors were concerned that ongoing inflation is more persistent than they had expected and global central banks would have to take tighter measures to contain it," said Ikuo Mitsui, fund manager at Aizawa Securities.

Chip-making equipment maker Tokyo Electron fell 5.26% and was the biggest drag on Nikkei, followed by technology investors SoftBank Group, which tanked 6.85%. Air-conditioner maker Daikin Industries lost 4.61% and a robot maker Fanuc fell 3.64%.

Bucking the trend, Kansai Electric rose 2.61% and was the top gainer on Nikkei after the nuclear power plant operator said it would restart a reactor in August, two months ahead of its previous plan.

"Japan has some positive cues and its fundamentals are relatively firm, with reopening of the economy and the weakened yen," Mitsui said.

Department store chain Takashimaya rose 0.66% and airliner ANA Holdings rose 0.41%, as Japan eases restrictions on overseas travellers.

Of the Nikkei components, 189 stocks fell, while 32 rose.

The volume of shares traded on the Tokyo Stock Exchange's main board was 1.24 billion, compared to the average of 1.36 billion in the past 30 days.

(Reporting by Junko Fujita; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. -1.66% 2542 Delayed Quote.7.51%
DAIKIN INDUSTRIES, LTD. -0.48% 24010 Delayed Quote.-7.53%
FANUC CORPORATION 0.87% 23095 Delayed Quote.-6.09%
NIKKEI 225 -0.65% 27819.33 Real-time Quote.-2.75%
SOFTBANK GROUP CORP. 0.38% 5315 Delayed Quote.-2.56%
TAKASHIMAYA COMPANY, LIMITED -0.56% 1411 Delayed Quote.32.62%
THE KANSAI ELECTRIC POWER CO., INC. 1.61% 1264 Delayed Quote.15.83%
TOKYO ELECTRON LTD -2.61% 44410 Delayed Quote.-31.20%
TOPIX INDEX -0.17% 1933.65 Delayed Quote.-2.78%
All news about THE KANSAI ELECTRIC POWER CO., INC.
08/05APLUS Co., Ltd. reached an agreement to acquire Clearpass Co., Ltd. from The Kansai Ele..
CI
07/29The Kansai Electric Power Company, Incorporated Provides Earnings Forecasts for the Fis..
CI
07/29KANSAI ELECTRIC POWER : Announcement of financial results for the 3 months ended June 30,2..
PU
07/21First UK-Germany power link gets financial green light
RE
07/21Dolphin Unit Closes $8 Million Purchase of High Reserve F&B in Cash-Stock Deal; Dolphin..
MT
07/19Nikkei 225 Up 0.7% on Federal Reserve Outlook
MT
07/19Japanese stocks post modest gains ahead of BOJ policy meet
RE
07/18Japanese stocks edge higher ahead of BOJ policy meeting
RE
07/15Nikkei rallies for third day on boost from Fast Retailing, Nintendo
RE
07/14Fast Retailing and Nintendo boost Nikkei in range-bound trading
RE
More news
Analyst Recommendations on THE KANSAI ELECTRIC POWER CO., INC.
More recommendations
Financials
Sales 2023 3 454 B 26 083 M 26 083 M
Net income 2023 -20 933 M -158 M -158 M
Net Debt 2023 - - -
P/E ratio 2023 -11,0x
Yield 2023 3,96%
Capitalization 1 128 B 8 518 M 8 518 M
Capi. / Sales 2023 0,33x
Capi. / Sales 2024 0,33x
Nbr of Employees 31 963
Free-Float 78,5%
Chart THE KANSAI ELECTRIC POWER CO., INC.
Duration : Period :
The Kansai Electric Power Co., Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE KANSAI ELECTRIC POWER CO., INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 1 264,00 JPY
Average target price 1 584,00 JPY
Spread / Average Target 25,3%
EPS Revisions
Managers and Directors
Shigeki Iwane Director & Vice President
Sadayuki Sakakibara Chairman
Noriyuki Inoue Independent Outside Director
Takamune Okihara Independent Outside Director
Tetsuya Kobayashi Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
THE KANSAI ELECTRIC POWER CO., INC.15.83%8 227
NEXTERA ENERGY-4.76%174 708
DUKE ENERGY CORPORATION4.68%84 550
SOUTHERN COMPANY14.10%83 180
DOMINION ENERGY, INC.4.86%68 582
IBERDROLA, S.A.3.12%68 498