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Article: CLOUDS FORM OVER GROWTH PROPECTS FOR JAPAN'S START-UPS.
- Article from:
- AsiaPulse News
- Article date:
- June 6, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, June 6 Asia Pulse - Growth hopes for start-ups are fading as the price-earnings ratios of major companies on the three stock markets for emerging firms remain stuck below the 20 recorded by their Tokyo Stock Exchange first-section counterparts since the end of May.
On Tuesday, the projected PER of firms listed on the Jasdaq Securities Exchange stood at 19.6. In fact, on the three start-up markets since the end of May 2006, PERs have fallen at 77 per cent of 304 companies for which comparable data is available and that have market capitalizations of at least 10 billion yen.
Pretax profit at start-ups with March 2008 book-closings is expected to ...