Log in
E-mail
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

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  World Co., Ltd.    3612   JP3990210001

WORLD CO., LTD.

(3612)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/15
1258 JPY   -1.33%
2020EURONEXT N.V. : Attractive timing to go long again
2020UK economy takes 25% hit from COVID, recovery seen slow
RE
2020Chinese users saw Zoom as a window through the 'Great Firewall'
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Huawei urging suppliers to break the law by moving offshore: Ross

12/03/2019 | 09:10pm EST
U.S. Secretary of Commerce, Wilbur Ross, speaks during an interview in New York

China's telecoms giant Huawei has been encouraging its suppliers to violate U.S. law by telling them to move operations offshore in a bid to avoid U.S. sanctions, Commerce Department Secretary Wilbur Ross told Reuters on Tuesday.

In May, the U.S. government placed Huawei Technologies Co Ltd on a trade blacklist known as the entity list, over national security concerns, forcing some suppliers to apply for special licenses to sell equipment to the company.

But the U.S. government has become frustrated by the limitations of the blacklisting to keep overseas suppliers from selling to the company, the world's largest telecoms equipment supplier, Reuters reported last week.

On Tuesday, Ross said in an interview that those frustrations extended to a push from Huawei to move its supply chain overseas.

Huawei has "been openly advocating companies to move their production offshore to get around the fact that we put Huawei on the list," Ross said. "Anybody who does move the product out specifically to avoid the sanction... that's a violation of U.S. law. So here you have Huawei encouraging American suppliers to violate the law," he added.

Huawei spokesman Rob Manfredo declined to comment.

Reuters reported last week that the U.S. government may expand its power to stop more foreign shipments of products with U.S. technology to Huawei, by broadening the reach of two key rules to capture more products.

One of those regulations, known as the De minimis Rule, dictates how much U.S. content in a foreign-made product gives the U.S. government authority to block an export. Currently the de minimis threshold for China is set at 25%, meaning that if American content constitutes more than a quarter of the value of the item, U.S. rules apply to its export to China.

Ross declined to say whether such rule changes were imminent. However, he said Huawei's advocacy of suppliers moving offshore "has flagged an issue we've been starting to deal with," that is, whether the 25% threshold is right for China.

"Whether 25% is forever and all time the right ratio, that's something to be resolved," Ross said, adding that the agency was always considering such moves.

By Alexandra Alper and Karen Freifeld


© Reuters 2019
All news about WORLD CO., LTD.
2020UK economy takes 25% hit from COVID, recovery seen slow
RE
2020Chinese users saw Zoom as a window through the 'Great Firewall'
RE
2020SPECIAL REPORT : Vast amounts of Venezuelan oil are hidden en route to China, by..
RE
2020Luxury food industry turns sour amid global coronavirus lockdowns
RE
2020Automated delivery cashes in on pandemic-driven demand
RE
2020Coronavirus widens climate rift between European and U.S. oil majors
RE
2020Coronavirus widens climate rift between European and U.S. oil majors
RE
2020German coalition parties clash over aid package for virus-hit municipalities
RE
2020U.S. gave no assurances to Taiwan's TSMC for license to sell to Huawei - offi..
RE
2020Taiwan's TSMC keeps eye on China with $12 billion U.S. plant
RE
More news
Financials
Sales 2021 188 B 1 809 M 1 809 M
Net income 2021 -6 000 M -57,7 M -57,7 M
Net Debt 2021 - - -
P/E ratio 2021 -7,02x
Yield 2021 4,69%
Capitalization 42 328 M 408 M 407 M
Capi. / Sales 2021 0,23x
Capi. / Sales 2022 0,21x
Nbr of Employees 9 683
Free-Float 71,9%
Chart WORLD CO., LTD.
Duration : Period :
World Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WORLD CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 1 900,00 JPY
Last Close Price 1 258,00 JPY
Spread / Highest target 51,0%
Spread / Average Target 51,0%
Spread / Lowest Target 51,0%
EPS Revisions
Managers and Directors
NameTitle
Nobuteru Suzuki President & Director
Kenji Kamiyama Chairman
Ushio Ogawa Group Executive Officer & GM-Digital Solutions
Teiichi Takatsuki Director
Mitsuyoshi Hatasaki Director
Sector and Competitors
1st jan.Capitalization (M$)
WORLD CO., LTD.0.40%408
LVMH MOËT HENNESSY - LOUIS VUITTON SE-3.32%300 609
LULULEMON ATHLETICA INC.-1.01%44 901
VF CORPORATION-0.02%32 725
LI NING COMPANY LIMITED-4.69%16 204
MONCLER S.P.A.-5.56%14 470