Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Tokyo Electron Ltd
  6. News
  7. Summary
    8035   JP3571400005

TOKYO ELECTRON LTD

(8035)
  Report
Delayed Quote. Delayed Japan Exchange - 01/23 08:12:28 pm
57330 JPY   -0.31%
01/21Nikkei 225 Down 0.9% as Omicron Concerns Mount
MT
01/21Japanese shares fall as tech stocks track Nasdaq lower
RE
01/20Japanese shares track Wall Street lower, tech stocks weigh
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japanese shares fall as techs track Nasdaq's weak finish

10/20/2021 | 10:56pm EST

TOKYO, Oct 21 (Reuters) - Japanese shares fell on Thursday as the Nasdaq's weak overnight finish hurt risk appetite, prompting investors to sell heavyweight technology stocks, but expectations for strong earnings results from domestic firms limited losses.

The Nikkei share average was down 0.30% to 29,167.69 by 0211 GMT, while the broader Topix fell 0.26% to 2,022.30.

Overnight, the S&P 500 and the Dow rose, with the Dow hitting an intraday record high, while the Nasdaq lagged as technology stocks took a breather.

"The Nasdaq's weak finish affected shares such as SoftBank Group, and Recruit, which is seen as an equivalent of the GAFA because it owns U.S. job research engine," said Norihiro Fujito, chief investment strategist, Mitsubishi UFJ Morgan Stanley Securities.

Global technology start-up investor SoftBank Group fell as much as 2.16% earlier in the session before edging up 0.07%.

Staffing agency Recruit Holdings, which has built footsteps in the U.S. through employment site Indeed, fell 1.62%.

Chip-making equipment maker Tokyo Electron dragged the Nikkei the most, falling 2.73% but snapped its early losses of as much as 3.9%.

Other Japanese chip related shares also fell after the weaker-than-expected earnings of semiconductor companies ASML and Lam Research, but results were not so pessimistic when examining details, Fujito said.

"We can expect strong earnings from Tokyo Electron as there is a demand for chips, which is why the stock has pared its early losses."

Airlines, down 1.93%, lost the most among the exchange's 33 industry subindexes amid concerns about a possible resurgence of the COVID-19 infections as cases in the UK rose.

Oil related shares shined as oil prices rose.

Nippon Paint Holdings advanced 2.93% after the world's fourth largest paint company announced an acquisition of decorative paints specialist Cromology.

(Reporting by Junko Fujita; Editing by Krishna Chandra Eluri)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASML HOLDING N.V. -1.67% 629.3 Real-time Quote.-10.95%
LAM RESEARCH CORPORATION -2.24% 605.79 Delayed Quote.-15.76%
NIPPON PAINT HOLDINGS CO., LTD. -4.52% 886 Delayed Quote.-25.92%
RECRUIT HOLDINGS CO., LTD -2.53% 5860 Delayed Quote.-13.67%
SOFTBANK GROUP CORP. -2.75% 5327 Delayed Quote.0.98%
TOKYO ELECTRON LTD -0.16% 57330 Delayed Quote.-13.23%
TOPIX INDEX -0.59% 1927.18 Real-time Quote.-3.27%
All news about TOKYO ELECTRON LTD
01/21Nikkei 225 Down 0.9% as Omicron Concerns Mount
MT
01/21Japanese shares fall as tech stocks track Nasdaq lower
RE
01/20Japanese shares track Wall Street lower, tech stocks weigh
RE
01/20Nikkei rebounds from 5-month low on China rate cut, game-maker rally boost
RE
01/19Nikkei rebounds from five-month low as Sony, Toyota advance
RE
01/19Nikkei falls to 5-month low dragged down by Toyota, Sony
RE
01/18Japanese shares track Wall Street lower; Toyota, Sony decline
RE
01/18Japanese shares give up gains on rising U.S. bond yields
RE
01/18Japan shares reverse early gains on rising U.S. bond yields
RE
01/17Japanese shares track European peers higher, heavyweights advance
RE
More news
Analyst Recommendations on TOKYO ELECTRON LTD
More recommendations
Financials
Sales 2022 1 920 B 16 859 M 16 859 M
Net income 2022 410 B 3 601 M 3 601 M
Net cash 2022 331 B 2 911 M 2 911 M
P/E ratio 2022 21,8x
Yield 2022 2,27%
Capitalization 8 954 B 78 694 M 78 635 M
EV / Sales 2022 4,49x
EV / Sales 2023 4,06x
Nbr of Employees 14 479
Free-Float -
Chart TOKYO ELECTRON LTD
Duration : Period :
Tokyo Electron Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOKYO ELECTRON LTD
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 57 510,00 JPY
Average target price 62 206,26 JPY
Spread / Average Target 8,17%
EPS Revisions
Managers and Directors
Toshiki Kawai Chief Operating Officer, Director & Vice President
Tetsuo Tsuneishi Director
Charles Ditmars Lake Independent Outside Director
Micho Sasaki Independent Outside Director
Akiko Eda Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
TOKYO ELECTRON LTD-13.23%78 694
ASML HOLDING N.V.-10.95%290 115
LAM RESEARCH CORPORATION-15.76%85 294
ENTEGRIS, INC.-13.24%16 289
ASE TECHNOLOGY HOLDING CO., LTD.-4.69%15 665
QORVO, INC.-12.30%14 804