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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Tokio Marine Holdings, Inc.    8766   JP3910660004

TOKIO MARINE HOLDINGS, INC.

(8766)
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Japan stocks fall on grim earnings season; Toyota bucks trend

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08/06/2020 | 02:25am EDT

TOKYO, Aug 6 (Reuters) - Japanese shares fell on Thursday as investors stayed away from risky bets amid a largely downbeat earnings season, though Toyota rose after unexpectedly avoiding a loss last quarter.

The Nikkei index ended down 0.43% at 22,418.15, with technology and consumer staples companies falling the most.

The broader Topix fell 0.31% to 1,549.88.

A series of disappointing earnings and forecasts from companies due to the COVID-19 pandemic have weighed on the Japanese market for the past few sessions.

Some analysts argue that the decline in corporate profit has bottomed out and earnings will gradually recover.

Others point to the likelihood of additional U.S. economic stimulus and work on developing a COVID-19 vaccine as reasons not to be overly pessimistic.

"The earnings from Japan so far have been really bad, but this is the bottom and earnings are not going to get any worse," said Takashi Hiroki, chief strategist at Monex Securities.

"Any recovery in earnings, regardless of how gradual it is, will be better than this crop of earnings reports."

The underperformers among the top 30 core Topix were Honda Motor Co Ltd down 6.31%, followed by East Japan Railway Co losing 2.47%.

Honda fell after the automaker forecast a 68% decrease in annual operating profit and posted its worst quarterly operating loss since the March 2009 quarter.

The stocks that gained the most among the Topix 30 names were Toyota Motor Corp up 2.29%, followed by commodities trader Mitsui & Co Ltd.

Toyota reported a 13.9 billion yen ($131.73 million) operating profit for the three months ended June, which was its worst in nine years but still better than expectations for a 179 billion yen loss.

There were 100 advancers in the Nikkei index against 122 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 1.08 billion, compared with the average of 1.2 billion in the past 30 days. (Reporting by Stanley White; Editing by Aditya Soni and Sherry Jacob-Phillips)

Stocks mentioned in the article
ChangeLast1st jan.
EAST JAPAN RAILWAY COMPANY -2.85% 6710 End-of-day quote.-31.93%
HONDA MOTOR CO., LTD. 1.73% 2474.5 End-of-day quote.-20.15%
KAO CORPORATION -0.80% 8046 End-of-day quote.-10.85%
MITSUI & CO., LTD. 0.83% 1893 End-of-day quote.-2.72%
NIKKEI 225 0.51% 23204.62 Real-time Quote.-1.91%
TOKIO MARINE HOLDINGS, INC. -1.31% 4739 End-of-day quote.-22.55%
TOYOTA INDUSTRIES CORPORATION 2.63% 6630 End-of-day quote.4.74%
TOYOTA MOTOR CORPORATION 1.49% 7031 End-of-day quote.-8.85%
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All news about TOKIO MARINE HOLDINGS, INC.
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08/07TOKIO MARINE : Supplemental Material for 1Q FY2020 Conference Call
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08/07TOKIO MARINE : Summary of Consolidated Business Results of Tokio Marine Holdings..
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08/07TOKIO MARINE : Announcement regarding forecasts of consolidated business results..
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More news
Financials
Sales 2021 5 313 B 50 452 M 50 452 M
Net income 2021 209 B 1 984 M 1 984 M
Net Debt 2021 - - -
P/E ratio 2021 16,5x
Yield 2021 4,48%
Capitalization 3 308 B 31 316 M 31 413 M
Capi. / Sales 2021 0,62x
Capi. / Sales 2022 0,59x
Nbr of Employees 41 101
Free-Float 95,7%
Chart TOKIO MARINE HOLDINGS, INC.
Duration : Period :
Tokio Marine Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOKIO MARINE HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 5 811,43 JPY
Last Close Price 4 739,00 JPY
Spread / Highest target 43,5%
Spread / Average Target 22,6%
Spread / Lowest Target 3,40%
EPS Revisions
Managers
NameTitle
Satoru Komiya President, Group CEO & Representative Director
Tsuyoshi Nagano Chairman
Takayuki Yuasa Group CFO, Representative Director & Executive VP
Akio Mimura Independent Outside Director
Hirokazu Fujita Senior MD & Group Co-Chief Investment Officer
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1st jan.Capitalization (M$)
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