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    6502   JP3592200004

TOSHIBA CORPORATION

(6502)
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Delayed Japan Exchange  -  02:00 2022-06-24 am EDT
5690.00 JPY   -0.11%
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Japanese shares end lower on Wall Street weakness

05/25/2022 | 02:37am EDT

TOKYO, May 25 (Reuters) - Japan's Nikkei closed lower on Wednesday, tracking overnight declines on major U.S. stock indexes, although the losses were limited as some investors scooped up beaten-down shares.

The Nikkei share average ended 0.26% lower at 26,677.80, while the broader Topix dipped 0.09% to 1,876.58.

The S&P 500 and the Nasdaq finished in the red overnight on worries that aggressive moves to curb decades-high inflation might tip the U.S. economy into recession.

"We have not seen any market-moving cues and investors were cautious in making bets ahead of the next FOMC (the U.S. Federal Open Market Committee) meeting," said Shuji Hosoi, a senior strategist at Daiwa Securities.

"There has not been any sign that would ease concerns about economic slowdown. However, domestic equities have fallen to a level where investors could buy them cheap."

The Nikkei, which has had a rollercoaster ride in the past year, is forecast to climb more than 7% to 29,000 by end-2022, a level last seen at the start of January, according to analysts in a Reuters poll.

Staffing agency Recruit Holdings fell 3.31% and was the biggest drag on the Nikkei, while technology investor SoftBank Group slipped 1.71%.

Game maker Nintendo fell 4.25%.

Toshiba jumped 2.41% after a report said state-backed fund Japan Investment Corp (JIC) is considering the acquisition of the Japanese conglomerate.

Drug maker Daiichi Sankyo rose 3.12% and was the top gainer among the top 30 core Topix names, followed by lens maker Hoya, which gained 2.7%. (Reporting by Junko Fujita; Editing by Subhranshu Sahu and Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DAIICHI SANKYO CO., LTD. 2.29% 3312 Delayed Quote.13.23%
DAIWA SECURITIES GROUP INC. -0.79% 604.2 Delayed Quote.-6.86%
HOYA CORPORATION 1.15% 11880 Delayed Quote.-30.57%
NASDAQ COMPOSITE 3.34% 11607.62 Real-time Quote.-28.21%
NIKKEI 225 1.23% 26491.97 Real-time Quote.-7.99%
NINTENDO CO., LTD. 1.05% 57840 Delayed Quote.7.81%
RECRUIT HOLDINGS CO., LTD 2.49% 3987 Delayed Quote.-42.81%
S&P 500 INDEX 3.06% 3911.74 Real-time Quote.-17.93%
SANKYO CO., LTD. -1.20% 4115 Delayed Quote.38.04%
SOFTBANK GROUP CORP. 2.37% 5224 Delayed Quote.-3.86%
TOPIX INDEX 0.81% 1866.72 Delayed Quote.-6.30%
TOSHIBA CORPORATION -0.11% 5690 Delayed Quote.20.30%
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Analyst Recommendations on TOSHIBA CORPORATION
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Financials
Sales 2022 3 347 B 24 772 M 24 772 M
Net income 2022 147 B 1 087 M 1 087 M
Net Debt 2022 236 B 1 748 M 1 748 M
P/E ratio 2022 17,0x
Yield 2022 3,35%
Capitalization 2 462 B 18 222 M 18 222 M
EV / Sales 2022 0,81x
EV / Sales 2023 0,80x
Nbr of Employees 117 300
Free-Float 92,9%
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Technical analysis trends TOSHIBA CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 5 690,00 JPY
Average target price 5 180,63 JPY
Spread / Average Target -8,95%
EPS Revisions
Managers and Directors
Taro Shimada President & Chief Executive Officer
Masayoshi Hirata CFO, Head-Accounting & Finance Management
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
Hideaki Ito Head-Technology Planning, R&D Center
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