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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  West Japan Railway Company    9021   JP3659000008

WEST JAPAN RAILWAY COMPANY

(9021)
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End-of-day quote. End-of-day quote Tokyo Stock Exchange - 10/19
4898 JPY   -0.16%
10/05Nikkei bounces back as Trump health report calms investors
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10/04Nikkei bounces back on Trump health report, railways rebound
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10/02As outage ends, Nikkei plunges after Trump catches coronavirus
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Japan investors bet on Suga's Abenomics 2.0, buy travel stocks

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08/31/2020 | 05:31am EDT
Japan's top government spokesman Chief Cabinet Secretary Yoshihide Suga attends an interview with Reuters in Tokyo

Japanese investors are putting their money on Chief Cabinet Secretary Yoshihide Suga taking over as Japan's next prime minister, and extending the economic policies that defined his predecessor's nearly eight years in office.

They are betting Suga, the longtime lieutenant of outgoing prime minister Shinzo Abe who is stepping down for health reasons, will be able to secure enough votes among ruling Liberal Democratic Party (LDP) lawmakers when they hold a leadership vote on Sept. 14.

A Suga government will mean the economic, fiscal and reform policies of Abe, dubbed "Abenomics", will likely continue.

Telecom shares fell as Suga has a long-standing position of wanting to reduce mobile phone tariffs while travel-related shares soared as he said last week that he wanted to promote tourism to get the economy back on its feet.

The Nikkei bounced back and the yen regained some stability as investors expect Suga to continue policies with a focus on supporting stock prices.

"Markets are starting to price in a Suga government. He will be a successor to Abe's policies and there won't be a political vacuum," said Takashi Hiroki, chief strategist at Monex Securities.

The Nikkei <.N225> rose 1.12% to 23,139.76, wiping out all of its losses on Friday following the surprise news of Abe's resignation. The yen also steadied at 105.62 per dollar.

The three mobile phone carriers were among the worst hit on the Tokyo Stock Exchange. KDDI dropped 4.7% and NTT Docomo lost 3.4%. SoftBank, subsidiary of SoftBank Group, shed 2.7%.

Some market players also said airlines and railways gained on hopes of further measures to help revive the economy.

Suga had told Reuters last week Japan wants to avert another state of emergency and needs to consider more stimulus to revive the pandemic-hit economy.

West Japan Railway gained 3.6%, Central Japan Railway rose 3.3% and ANA Holdings added 2.6%.

"Suga's stance will be to support the economy as much as possible while trying to avoid the collapse of the medical system," said Tetsuro Ii, president of Commons Asset Management. "It's not that the stock market hugely likes him but he is well accepted."

Suga, who joins the race to take over from the country's longest-serving prime minister, will likely face off against former defence minister Shigeru Ishiba, which media polls show is the most popular choice among the public.

But the LDP is likely to use a voting method that limits the votes from rural party members, domestic media have reported, effectively blocking Ishiba's path to the prime minister's office.

Analysts say Ishiba, a rare critic of Abe within the LDP, would likely try to rein in the Bank of Japan's aggressive monetary easing, which could limit or end the central bank's exchange traded fund buying programme.

Japan's Government Pension Investment Fund, the world's largest, bought more overseas assets during Abe's administration than it did previously, including boosting purchases of Japanese equities.

These purchases could slow if the new prime minister is not committed to keeping Abe's policies in place, analysts say.

"Ishiba would try to overhaul Abenomics," said Norihiro Fujito, chief investment strategist, Mitsubishi UFJ Morgan Stanley Securities.

"An Ishiba government is what the markets fear most, but Ishiba's chances have diminished greatly. As long as someone like Suga gets the job, policy continuity will calm markets."

Fumio Kishida, a former foreign minister, and Environment Minister Shinjiro Koizumi have also been mentioned as possible successors to Abe, but analysts say neither politician has enough support to pose a serious challenge.

By Hideyuki Sano and Stanley White


Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. 2.34% 2424 End-of-day quote.-33.44%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.07% 74.336 Delayed Quote.-1.91%
BRITISH POUND / JAPANESE YEN (GBP/JPY) 0.18% 136.803 Delayed Quote.-5.46%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) 0.22% 80.11 Delayed Quote.-4.40%
CENTRAL JAPAN RAILWAY COMPANY 0.84% 14395 End-of-day quote.-34.57%
EURO / JAPANESE YEN (EUR/JPY) 0.50% 124.718 Delayed Quote.1.38%
JAPANESE YEN / SWISS FRANC (JPY/CHF) -0.45% 0.8586 Delayed Quote.-2.60%
MITSUBISHI UFJ FINANCIAL GROUP, INC. 0.41% 421.3 End-of-day quote.-28.98%
MORGAN STANLEY -1.74% 50.95 Delayed Quote.-0.33%
NEW ZEALAND DOLLAR / JAPANESE YEN (NZD/JPY) -0.26% 69.332 Delayed Quote.-4.51%
NIKKEI 225 -0.44% 23567.04 Real-time Quote.0.06%
NIPPON TELEGRAPH AND TELEPHONE CORPORATION -0.62% 2230 End-of-day quote.-19.11%
NTT DOCOMO, INC. 0.08% 3884 End-of-day quote.27.85%
SOFTBANK CORP. -0.04% 1214.5 End-of-day quote.-16.79%
SOFTBANK GROUP CORP. 3.15% 7244 End-of-day quote.52.31%
US DOLLAR / JAPANESE YEN (USD/JPY) 0.12% 105.58 Delayed Quote.-3.00%
WEST JAPAN RAILWAY COMPANY -0.16% 4898 End-of-day quote.-48.12%
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All news about WEST JAPAN RAILWAY COMPANY
10/05Nikkei bounces back as Trump health report calms investors
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10/04Nikkei bounces back on Trump health report, railways rebound
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10/02As outage ends, Nikkei plunges after Trump catches coronavirus
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09/18Nikkei ticks up; Suga's policy boosts software firms, hits telecoms
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09/17Nikkei ticks up but runs out of gas ahead of long weekend
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08/31Japan investors bet on Suga's Abenomics 2.0, buy travel stocks
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07/31WEST JAPAN RAILWAY COMPANY : Press Release
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07/22Nikkei slips ahead of long weekend, railways hit by virus
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07/21Nikkei slips ahead of long weekend, cyclicals supported
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Financials
Sales 2021 975 B 9 236 M 9 236 M
Net income 2021 -199 465 M -1 890 M -1 890 M
Net Debt 2021 1 231 B 11 660 M 11 660 M
P/E ratio 2021 -4,70x
Yield 2021 2,01%
Capitalization 937 B 8 880 M 8 874 M
EV / Sales 2021 2,22x
EV / Sales 2022 1,68x
Nbr of Employees 48 323
Free-Float 94,2%
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Technical analysis trends WEST JAPAN RAILWAY COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 5 906,67 JPY
Last Close Price 4 898,00 JPY
Spread / Highest target 63,3%
Spread / Average Target 20,6%
Spread / Lowest Target -18,3%
EPS Revisions
Managers
NameTitle
Kazuaki Hasegawa President & Representative Director
Seiji Manabe Chairman
Atsushi Sugioka Director & General Manager-Information Technology
Tatsuo Kijima Vice Chairman
Yumiko Sato Independent Outside Director
Sector and Competitors