Straits Times Index
3,394.21 +17.02 (+0.50%) Nikkei
27,382.56 +19.81 (+0.07%) Hang Seng
22,688.90 +122.12 (+0.54%) FTSE 100
7,765.15 +4.04 (+0.05%) BTC-USD
22,983.97 -17.82 (-0.08%) CMC Crypto 200
526.66 +9.65 (+1.87%)
Fast Retailing Co., Ltd. (FRCOF)
| Previous close | 576.82 |
| Open | 576.90 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 576.82 - 576.82 |
| 52-week range | 454.02 - 620.15 |
| Volume | |
| Avg. volume | 6 |
| Market cap | 61.801B |
| Beta (5Y monthly) | 0.66 |
| PE ratio (TTM) | 28.04 |
| EPS (TTM) | 20.57 |
| Earnings date | N/A |
| Forward dividend & yield | 1.57 (0.27%) |
| Ex-dividend date | 27 Feb 2023 |
| 1y target est | N/A |
- Financial Times
Japan’s wage watershed raises economic hopes
A day after the owner of Uniqlo clothing brand stunned the nation with a plan to raise wages in Japan by up to 40 per cent, its chief financial officer told investors the pay hike was not a one off. “We want workers to work hard under this new system and if sales and profits rise, there will be room to raise our remuneration to a much higher level,” Fast Retailing’s finance chief Takeshi Okazaki said this month. In a country where companies have resisted raising pay and the workforce has refrained from aggressive salary demands for most of the past three decades, Fast Retailing’s move is a watershed for the government and the Bank of Japan’s battle to lift the economy out of deflation.
- Reuters
Japan yields break central bank ceiling as markets press for policy shift
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.
- Reuters
Uniqlo parent says profit slid 2% as Japan, China drag growth
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%.
