FINWIRES · TerminalLIVE
FINWIRES

Rakuten Bank Q1 Profit Rises 25%

By

Rakuten Bank (TYO:5838) posted a 25% year-over-year increase in profit attributable to owners of parent for the fiscal first quarter to nearly 21 billion yen from 16.8 billion yen.

The bank's profit per share stood at 119.96 yen, compared with 96.35 yen a year earlier, according to a Tokyo Stock Exchange filing on Thursday.

Ordinary income rose 36% to 78.4 billion yen for the three months ended June 30 from 57.5 billion yen a year earlier.

For the fiscal year ending March 31, 2027, Rakuten Bank expects ordinary income of 343.5 billion yen, profit attributable to owners of parent of 88.1 billion yen and EPS of 505.10 yen.

The company does not plan to pay dividends for the current fiscal year, unchanged from the prior year.

Related Articles

Asia

Xiamen Tungsten to Avail of Up to 2.1 Billion Yuan of Wealth Management Products; Shares Rise 6%

Xiamen Tungsten (SHA:600549) will avail of wealth management products for up to 2.1 billion yuan, according to a Thursday filing with the Shanghai bourse.The funds will be sourced from idle proceeds from its cash management program, the tungsten materials supplier said in its filing.Shares rose 6% during the midday break on Thursday.

SHA:600549
Asia

Seiko Epson to Launch Up to 30 Billion Yen Share Buyback

Seiko Epson (TYO:6724) said its board agreed to launch an up to 30 billion yen buyback, repurchasing as many as 17 million common shares as part of its plan to drive growth investments and shareholder returns.The printer manufacturer said the share buyback will run from Aug. 7, 2026, through March 31, 2027, and all repurchased shares will be canceled, according to a Thursday filing on the Tokyo Stock Exchange.The buyback, to be conducted on the Tokyo Stock Exchange using the discretionary method, represents 5.31% of its outstanding shares excluding treasury stock.

TYO:6724
Asia

CPE Technology Unit to Buy Johor Land with Factory for MYR10 Million

CPE Technology's (KLSE:CPETECH) subsidiary, Champion Precision Technology, agreed to acquire a piece of freehold land with a factory in Johor, Malaysia, from Flomatic Industries, for 10 million ringgit, according to a Wednesday filing with Bursa Malaysia.The acquisition will be funded via proceeds from the company's initial public offering.The expansion is part of CPE's strategy to strengthen its manufacturing capabilities and expand production capacity.The transaction is expected to conclude by the second quarter of 2027, the filing said.

KLSE:CPETECH