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TYO:2768

5 stories mentioning TYO:2768

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Asia

Market Chatter: Sojitz Targets $6 Billion in Public Sector Bids Via Newly Acquired Capella Capital

Sojitz (TYO:2768) plans to bid for public sector projects worth over $6 billion in Australia as part of a bold push into new markets, Nikkei reported on Thursday, citing Sojitz executive Takefumi Nishikawa.The group, via newly acquired Capella Capital Partnership, is eyeing projects including a 1.8 trillion yen power transmission, a 230 billion yen hospital, and stadium construction for the 2032 Brisbane Olympics, the publication said.The trading house acquired Capella Capital Partnership last June and the Australian infrastructure developer has since won more than half of its bids since 2009, the news agency said.Capella operates as a tier 1 contractor in Australia, managing everything from project financing to asset management for large-scale public-private partnerships, including hospitals and housing developments, the report said.Nishikawa, who is the chief operating officer of Sojitz's energy solutions and public infrastructure division, said the acquisition will boost profitability by allowing the firm to deal directly with clients rather than serving as a tier 2 supplier, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:2768
Asia

Japanese Shares Fall as Oil Prices Climb on US-Iran Deadlock

Japanese equities closed lower on Monday, in line with its Asian peers, amid mounting pressure from rising oil prices as the negotiations in the Iran conflict stall.The Nikkei 225 closed down 593.34 points, or 1.0%, at 60,815.95.Fresh drone attacks in the Gulf regions pushed oil prices and bond yields higher on Monday, according to a Reuters report.Brent crude rose to over $111 per barrel, as the talks for the restoration of the passage through the strategic Strait of Hormuz remain unresolved.Investor sentiment was further dampened by U.S. President Donald Trump, warning that the "clock is ticking" before the U.S. launches harder strikes.A report by Nikkei Asia also indicated that yields on 10-year Japanese government bonds hit their highest in 29 years at 2.8% on Monday, amid investor concerns over inflation and the fiscal situation.On the corporate side, shares of Japan Post Insurance's (TYO:7181) slumped over 11% on Monday, even as its net income attributable jumped 37% to 168.80 billion yen for the fiscal year 2025 from 123.47 billion yen a year earlier.

Nikkei 225TYO:2768TYO:5713TYO:7181
Asia

Market Chatter: Sumitomo Metal, Sojitz Build Southeast Asian Rare-Earth Supply Chains

Japanese firms are building Southeast Asian rare-earth supply chains to reduce China dependence, with Sumitomo Metal Mining (TYO:5713) using Philippine resources and Sojitz (TYO:2768) developing mines in Vietnam and Malaysia, Nikkei reported on Monday.During fiscal 2026, Sumitomo Metal Mining plans to boost its output of scandium--a rare-earth metal essential for fuel cell technology--by 20%, the publication said.The company will extract raw ore from a Philippine mine where it holds an interest, then process the material into finished products at its facility in Hyogo Prefecture, the news daily said.Incorporating scandium into fuel cells improves their durability and allows them to function at lower temperatures, and with global demand for the metal doubling in 2025, fuel cells are increasingly viewed as a key energy source for rapidly expanding AI data centers, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:2768TYO:5713
Asia

Market Chatter: Sojitz Targets Southeast Asia, India for Rare Earths Expansion

Sojitz (TYO:2768) is assessing rare earths investment opportunities across Southeast Asia and India as Japan seeks to reduce dependence on China for critical minerals used in high-tech manufacturing, Bloomberg reported Wednesday.Chief Financial Officer Makoto Shibuya said the company is studying regions linked to southern China, including Laos, Cambodia and Vietnam, as possible supply sources. India and other markets could also be considered if viable projects emerge, according to the report.Rare earths are used in products ranging from electric vehicle magnets and smartphones to defense systems. China controls much of the global supply chain, prompting Japan and other countries to diversify sourcing, the report said.Sojitz and Japan-backed energy agency Japan Organization for Metals and Energy Security have partnered with Lynas Rare Earths (ASX:LYC) for more than a decade through a joint venture focused on rare earths development in Australia. The companies agreed in March to begin discussions on mineral exploration projects and potential mine development both within and outside Australia, according to the report.Sojitz has also ruled out participation in the proposed Alaska LNG project, with Shibuya saying the US-backed venture remains too expensive. The company has gradually reduced its exposure to energy investments over the past decade, while keeping liquefied natural gas as one of its remaining focus areas, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:LYCTYO:2768
Asia

Sojitz's Profit Slides 6.3% in Fiscal 2025

Sojitz's (TYO:2768) profit attributable to owners of the parent fell 6.3% to 103.6 billion yen in fiscal 2025 from 110.6 billion yen a year earlier.The company's earnings per share declined to 494.95 yen from 513.74 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue rose 9.9% to 2.757 trillion yen in the year ended March 31 from 2.510 trillion yen in the prior year.The company declared a final dividend of 82.50 yen per share, payable from June 10For the fiscal year ending March 31, 2027, Sojitz expects attributable profit of 130 billion yen and basic EPS of 622.55 yen.Sojitz plans to pay interim and year-end dividends of 90.00 yen per share each for the year, higher than the amount paid a year ago.

TYO:2768