|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.34 - 31.34|
|52 Week Range||26.61 - 35.24|
|Beta (5Y Monthly)||0.89|
|PE Ratio (TTM)||8.58|
|Forward Dividend & Yield||1.20 (3.73%)|
|Ex-Dividend Date||Sep 28, 2020|
|1y Target Est||N/A|
Growth of Sony Group’s semiconductor business has slowed, reflecting a plunge in shipments of image sensors for smartphones to Huawei Technologies as a result of the US-China trade war. Although Sony has avoided a fall in the volume of shipments thanks to orders from other Chinese smartphone makers, the recovery of earnings appears likely to be delayed until the fiscal year of April 2022 to March 2023 because of weakened demand for sensors for high-end smartphones. As Samsung Electronics of South Korea, which is strong in processing sensors for midrange smartphones, catches up, Sony is halfway towards recapturing the smartphone market.
Japan's wholesale prices rose at their fastest annual pace in 13 years reflecting higher commodity costs, data showed on Thursday, a sign global inflationary pressures are pinching firms already struggling amid the coronavirus pandemic. With companies seen slow in passing on the higher costs on to households, the uptick in wholesale inflation is unlikely to prod the Bank of Japan into withdrawing its massive stimulus any time soon, analysts say. The corporate goods price index (CGPI), which measures the prices companies charge each other for their goods, rose 4.9% in May from a year earlier, Bank of Japan data showed on Thursday, more than a median market forecast for a 4.5% increase.
The Bank of Japan said on Monday that Seiichi Shimizu, currently head of its markets department, will become head of the bank's department overseeing monetary policy drafting. Shimizu will replace incumbent Takeshi Kato, who will become head of the BOJ's branch in Nagoya, central Japan, with both appointments effecting from July 20. During his stint as head of the markets department, Shimizu played a key role in implementing measures to ease market strains caused by the coronavirus pandemic, such as the expansion of the BOJ's dollar swap lines with other central banks.