|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.90 - 23.97|
|52 Week Range||16.26 - 24.95|
|Beta (5Y Monthly)||0.58|
|PE Ratio (TTM)||36.86|
|Forward Dividend & Yield||0.17 (0.72%)|
|Ex-Dividend Date||Feb 27, 2023|
|1y Target Est||25.03|
CyberAgent Inc, a major investor in a new share sale in Rakuten Group Inc, dropped 4.7% ahead of a pricing of the offering. The Nikkei fell 0.89% to close at 30,682.68. Sentiment at Japanese manufacturing giants turned positive for the first time this year, while analysts said the Nikkei will end the year around the psychologically key 30,000 level, according to Reuters polls.
Japan's stock rally has been powered by an overall very strong earnings season, a weaker yen underpinned by views that the Bank of Japan will keep stimulus for longer and an economy that is starting to show signs of a post-COVID consumption revival. Foreign buying thanks to increased investment by Warren Buffett and a push for better corporate governance by the Tokyo Stock Exchange have provided additional impetus. "Long-term fundamentals might have begun changing in Japan, and foreign investors do not want to miss this opportunity," said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui DS Asset Management.
Japanese shares ended lower on Monday, as investors sold stocks as the yen strengthened against the dollar, and concerns surrounding the U.S. banking sector persisted. The Nikkei index fell 0.71% to 28,949.88, closing below the 29,000-mark for the first time since April 28. "The market fell today partly due to the stronger yen, but also investor sentiment was weak as the Dow ended at a lower level on Friday compared with the beginning of the long weekend in Japan," said Jun Morita, general manager of the research department at Chibagin Asset Management.
Japan's Nikkei share average fell on Monday, as investors sold stocks amid the yen's strength against the dollar, while investor concerns surrounding U.S. banks drove a sell-off in banking shares. The Nikkei index was down 0.65% to 28,969.68 by the midday break, trading below the 29,000-mark for the first time since April 28. "The market fell today partly due to the stronger yen, but also investor sentiment was weak as the Dow ended at a lower level on Friday compared with the beginning of the long weekend in Japan," said Jun Morita, general manager of the research department at Chibagin Asset Management.
Fast Retailing's Uniqlo plans to expand its existing stores in North America by 10%, according to one of its executives. Uniqlo is opening six stores -- four in the U.S. and two in Canada -- this summer as part of its expansion plan to reach more than 200 locations in North America by 2027. The U.S. stores, which will be located in malls in two California locations, Maryland and New Jersey, are in areas where the chain already has a presence.
Japan's Nikkei share average flipped from early losses to end the morning session with a small gain on Thursday, as chip-related shares recovered and retailer stocks rallied amid an increase in foreign visitors. The Nikkei entered the midday break up 0.09% at 28,631.53, edging back toward Tuesday's nearly six-week high of 28,698.22. "Although the market is cautious after the Nikkei reached a high on Tuesday, there isn't really any major negative news to drive a decline, and the number of losing shares should lessen over the course of the session," said Maki Sawada, a strategist at Nomura Securities.
Japan's Nikkei share average rallied for a sixth straight session on Friday, its longest winning streak since July, as the benchmark index was buoyed by advances on Wall Street overnight and a surge in Uniqlo-owner Fast Retailing. From the current session, the Nikkei's 25-day moving average - which had been a weight on the index - is set to turn up, Nomura Securities strategist Kazuo Kamitani said. Some of Japan's best-known tech names advanced, with Sony adding 1.68% and Nintendo up 1.82%.
Uniqlo parent Fast Retailing Co Ltd reported a 16% jump in first-half profit and lifted its full-year outlook on Thursday, as the Japanese apparel retailer saw signs of recovery in China and strong sales growth in Europe and North America. Known for its affordable fleece jackets and "Heattech" thermals, Uniqlo has become a bellwether for global retailers in China, where it has around 900 stores, making it Fast Retailing's biggest foreign market and surpassing the number of stores it has in Japan. Luxury group LVMH on Wednesday reported first-quarter sales that were more than double expectations, buoyed by resurgent demand in China.
Second-quarter results from Japan's Fast Retailing Co, owner of clothing brand Uniqlo, will on Thursday offer a window into how rapidly demand in China is recovering after the lifting of pandemic curbs. The company, Japan's biggest retailer, reported a 2% dip in operating profit in the first quarter, partly due to lingering effects of COVID-19 restrictions in China, its biggest overseas market. China scrapped most of its COVID curbs at the end of last year and reopened to tourists last month.
Japan's Miki House, a maker of luxury baby and children's goods in a country with ever-fewer births, is looking overseas for both production and customers for products like its 100,000 yen ($760.40) Gold Label brand pyjamas. President Koichi Kimura said the Osaka-based company, which has developed a global reputation based on Japanese technology and quality, has turned beyond its shores as the population ages and its workforce shrinks. "'Made in Japan' would be my wish, but it's not easy, because the craftsmen are gone."
Japan's Nikkei index rose for the first time in three days on Monday, with a weaker yen boosting sentiment in the exporter-heavy market, but worries about a global banking crisis weighed on financial shares, capping gains. Among the Tokyo Stock Exchange's 33 industry sectors, land transport was the best performer, climbing 1.78%. "Amid all the concerns about a banking crisis, for this week I expect the Nikkei to stay heavy," said Kazuo Kamitani, a strategist at Nomura.
Every March, management of major Japanese firms meet with unions for wage talks across industries that set the tone for employees' pay in the new fiscal year. The precedent set at the "shunto" spring wage talks also influences wages at smaller firms that employ seven out of 10 Japanese workers and supply big manufacturers. The outcome will have a huge influence on how soon the Bank of Japan (BOJ) could end ultra-low interest rates, as steady wage hikes are crucial to kick-starting domestic demand and keeping inflation sustainably around its 2% target.
Japan's Nikkei share average ended listless on Thursday as a disappointing Tesla investor day event and the risk of a more-hawkish U.S. Federal Reserve offset support from a weaker yen. The Nikkei reversed early gains to end flat at 27,498.87, although the benchmark index remained around the middle of its trading range of the past five weeks. Fading expectations of an imminent hawkish turn by the Bank of Japan had supported overall sentiment.
Japan's Nikkei share average flipped to a small loss in morning trading on Thursday, weighed down by a disappointing Tesla investor day and the risk of a more hawkish Federal Reserve. The Nikkei lost 0.08% to 27,495.69 by the lunch break, reversing early gains of as much as 0.37%, although the benchmark index remained around the middle of its trading range of the past five weeks. Investors were also spooked by a jump in U.S. Treasury yields to multi-month highs above 4% in Tokyo trading, as Fed officials sparred over whether high rates for longer would be enough to tame stubborn inflation or more aggressive tightening was needed.
Japan's Nikkei share average ended at a one-month low on Wednesday under broad selling pressure piled on by rising global political tensions and worries that U.S. rate hikes will end up slowing down the world's economy. The Nikkei lost 1.34% to close at 27,104.32, lowest since Jan. 23, and posted its steepest daily decline since Jan. 19. Bellwether stocks such as job search provider Recruit Holdings and Uniqlo owner Fast Retailing were among the biggest drags on the market.
Japan's Nikkei share average slid to a one-month low on Wednesday under broad selling pressure piled on by rising global political tensions and worries that U.S. rate hikes will end up slowing down the world's economy. The Nikkei was down 1.3% by the market lunch break in Tokyo and will mark its worst performance in about a month if losses hold. Bellwether stocks such as job search provider Recruit Holdings and Uniqlo owner Fast Retailing were among the biggest drags on the market.
Japan's Nikkei share average fell on Wednesday amid heavy selling of big tech names including Nintendo and SoftBank Group following disappointing financial results, erasing any feel-good factor from a Wall Street rally overnight. Startup investor SoftBank Group tumbled 5.1% after slumping to a quarterly loss, while video-game maker Nintendo plunged 7.5% after trimming its profit forecast. Electronics maker Sharp Corp plummeted 12.6% to be far and away the Nikkei's biggest decliner, following its own earnings miss.
Masami Fujino got his first raise in 20 years recently, but it's still not enough to let the Tokyo day labourer treat himself to plain McDonald's hamburgers as much as he used to. "Last year, I finally got a bit of a raise at one place," said the 54-year-old, who works for a moving company and in construction. "It brought me up to minimum wage there at last," 1,072 yen ($8.31) an hour in Tokyo.
Japan's Nikkei share average dropped on Thursday - retreating from a one-month high - as the effects of the Bank of Japan's (BOJ) decision not to back away from stimulus faded, with a resurgent yen weighing on automakers in particular. The Nikkei ended the morning session down 1.2% at 26,468.62, retracing about half of Wednesday's 2.5% rally, when the central bank defied bond market pressure and kept policy settings unchanged. Japan's equity benchmark hit a high of 26,816.68 on Wednesday, a level not seen since Dec. 20, when the BOJ shocked markets by loosening yield curve controls.
Japan's Nikkei share average tumbled more than 1% on Friday, its first losing session in six, with more than two-thirds of the decline coming from Uniqlo owner Fast Retailing. Japanese equities also came under pressure from the yen's rise to a seven-month high, as traders bet the Bank of Japan could tweak policy further at a meeting next week, less than a month after a surprise widening of the 10-year Japanese government bond yield's allowable range. The Nikkei ended the day down 1.25%, or 330.30 points, at 26,119.52.
Japan's Nikkei share average tumbled more than 1% on Friday, its first losing session in six, with more than two-thirds of the decline coming from Uniqlo owner Fast Retailing. Japanese equities also came under pressure from the yen's rise to a seven-month high, as traders bet the Bank of Japan could tweak policy further at a meeting next week, less than a month after a surprise widening of the 10-year Japanese government bond yield's allowable range. The Nikkei shed 1.16% - or 306.41 points - to 26,143.41, as of the midday break.
The yield on Japan's benchmark 10-year government bonds breached the central bank's new ceiling on Friday in the market's most direct challenge yet to decades of uber-easy monetary policy, before a wave of emergency bond buying reined it back in. Swirling speculation that the Bank of Japan's policy of yield curve control (YCC) could be revised, or even abandoned, as early as next week had investors rushing for the exits. That catapulted 10-year Japanese government bond yields as much as 4 basis points higher to 0.54%, the highest since mid-2015 and above a recently widened band of -0.5% to +0.5% set by the BOJ in a shock decision just three weeks ago.
TOKYO (Reuters) -Japan's Fast Retailing Co, owner of clothing brand Uniqlo, said on Thursday that first quarter earnings slid 2%, reflecting weakness at home and continuing COVID-19 restrictions in China. Domestic results were hit by warmer weather in November that stifled sales of fall and winter wear, while COVID curbs continued to weigh on China, including the temporary closure of 247 stores in Beijing and Guangzhou. The company, Japan's biggest retailer, sent shockwaves through the country on Wednesday by saying it would lift its employees' wages by as much as 40%.
Asian stock markets mostly pushed higher on Thursday, ahead of U.S. consumer price data that investors hope will confirm inflation is in retreat, while the yen rose with a report Japan will next week review the side-effects of its ultra-easy policy. Following gains for Wall Street indexes overnight, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% and touched an almost seven-month high. Japan's Nikkei wobbled 0.2% lower.
Yahoo Finance Live anchors discuss the rise in retail wages for Japanese Uniqlo workers.