Previous Close | 7,619.00 |
Open | 7,609.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 7,579.00 - 7,678.00 |
52 Week Range | 6,584.00 - 10,185.00 |
Volume | |
Avg. Volume | 1,859,929 |
Market Cap | 5.838T |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | 19.09 |
EPS (TTM) | 398.82 |
Earnings Date | Apr 26, 2022 - May 02, 2022 |
Forward Dividend & Yield | 180.00 (2.49%) |
Ex-Dividend Date | Sep 29, 2022 |
1y Target Est | 9,471.40 |
Japan's Nikkei reversed its course to close slightly lower on Friday, as concerns about corporate earnings grew after Toyota supplier Denso cut its outlook, while a firmer yen also weighed on exporters. The stronger yen and Denso's earnings soured the mood, said Jun Morita, general manager of the research department at Chibagin Asset Management. "Since Denso's outlook was negative, we would imagine Toyota's outlook may not be positive," he said.
Japan's Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. Denso initially estimated automakers' production would be 5% lower than they had planned, but their output fell 22% short of planning in the April-June quarter due to a pandemic lockdown in Shanghai. Denso has now adjusted its estimate of vehicle production to a 10% shortfall for each of quarter from the second quarter onward, senior executive officer Yasushi Matsui said.
TOKYO (Reuters) -Japan's Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. Denso initially estimated automakers' production would be 5% lower than they had planned, but their output fell 22% short of planning in the April-June quarter due to a pandemic lockdown in Shanghai. Denso has now adjusted its estimate of vehicle production to a 10% shortfall for each of quarter from the second quarter onward, senior executive officer Yasushi Matsui said.