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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toshiba Corporation    6502   JP3592200004

TOSHIBA CORPORATION

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Japan shares end higher on fresh U.S. stimulus hopes

10/19/2020 | 02:43am EST

TOKYO, Oct 19 (Reuters) - Japanese shares ended higher on Monday, tracking a gain in Wall Street futures in Asian trade, on hopes of a new U.S. coronavirus relief deal before the presidential election.

The benchmark Nikkei share average rose 1.11% to close at 23,671.13, while the broader Topix gained 1.25% to 1,637.98.

Both of the indexes marked their biggest daily gains since Oct. 5.

All 33 sector sub-indexes on the Tokyo exchange traded higher, with shippers, rubber products and iron and steel being the top three performers on the main bourse.

Shares were lifted by S&P 500 e-mini futures, last trading up 0.7%, after U.S. House Speaker Nancy Pelosi said she was optimistic that legislation on a wide-ranging coronavirus relief package could be pushed through before the Nov. 3 election.

But with Treasury Secretary Steven Mnuchin in the Middle East until Tuesday, analysts suspect a deal to be a long shot.

On the domestic data front, Japan's exports in September fell at a slower pace than in the previous six months as U.S.-bound shipments of cars started to recover from lows brought about by the COVID-19 outbreak, suggesting the pandemic's pressure on the economy was easing.

Markets shrugged off data from China showing economic recovery disappointed in the third-quarter, growing 4.9% from a year earlier and missing analyst expectations.

"(The forecasts) were high due to the market having a slight excessive expectation of a pick-up trend in China's economy," said Kokichiro Mio, senior researcher at NLI Research Institute.

Despite missing expectations, "the economy is recovering steadily," he added.

Toho Co soared 4.47%, after hitting its highest since September 2019 earlier in the session, as the film and entertainment company raised its net profit forecast.

Toshiba Corp climbed 2.55%, after the homegrown conglomerate said it aims to generate $3 billion in revenue from its quantum cryptography by 2030. (Reporting by Eimi Yamamitsu; Editing by Amy Caren Daniel and Rashmi Aich)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.91% 29638.64 Delayed Quote.4.81%
NASDAQ 100 0.08% 12268.316447 Delayed Quote.40.37%
NASDAQ COMP. -0.06% 12198.737037 Delayed Quote.36.03%
NIKKEI 225 1.34% 26787.54 Real-time Quote.12.63%
S&P 500 -0.46% 3621.63 Delayed Quote.12.10%
TOHO CO., LTD. 1.52% 2065 End-of-day quote.3.41%
TOHO CO., LTD. 0.22% 4575 End-of-day quote.0.66%
TOSHIBA CORPORATION -0.66% 2853 End-of-day quote.-23.00%
All news about TOSHIBA CORPORATION
11/27TOSHIBA : Employee Receives 1906 Award from IEC; Toshiba Electronic Devices & St..
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11/25TOSHIBA : Employee Receives 1906 Award from IEC
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11/23TOSHIBA : Global Commerce Solutions appoints new CEO
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11/20TOSHIBA : Electronic Devices & Storage Corporation
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11/13TOSHIBA : Opens First H2OneTM Multi Station in Tsuruga City, Fukui Prefecture
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11/12TOSHIBA : Announces Environmental Future Vision 2050
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11/12TOSHIBA : Chipmaker Kioxia returns to quarterly profit on smartphone memory chip..
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11/11TOSHIBA : to end coal power plant construction, shift to renewables
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11/10TOSHIBA : second-quarter profit down 64% on pandemic, below estimates
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11/10TOSHIBA : Presentation
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More news
Financials
Sales 2021 3 287 B 31 491 M 31 491 M
Net income 2021 77 643 M 744 M 744 M
Net cash 2021 137 B 1 308 M 1 308 M
P/E ratio 2021 17,5x
Yield 2021 1,11%
Capitalization 1 325 B 12 701 M 12 697 M
EV / Sales 2021 0,36x
EV / Sales 2022 0,36x
Nbr of Employees 125 648
Free-Float 93,2%
Chart TOSHIBA CORPORATION
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Toshiba Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends TOSHIBA CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 3 951,67 JPY
Last Close Price 2 922,00 JPY
Spread / Highest target 58,8%
Spread / Average Target 35,2%
Spread / Lowest Target 6,09%
EPS Revisions
Managers
NameTitle
Nobuaki Kurumatani President, CEO & Representative Director
Satoshi Tsunakawa Chairman
Masayoshi Hirata Chief Financial Officer & Head-Accounting
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
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