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TYO:2802

8 stories mentioning TYO:2802Updated 38d ago

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Asia

Malaysian Shares Snap Winning Streak Bucking Regional Gains

Malaysian shares ended in the red on Monday, erasing gains from the previous session, and bucking a positive regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 11.19 points to end 0.7% lower at 1,700.84.In local news, Malaysia will lower the subsidized diesel price for citizens to 2.10 ringgit per liter from 2.15 ringgit per liter, starting July, the country's finance ministry said Sunday. The move aims to reduce smuggling and subsidy leakage arising from the wide gap between subsidized and market prices, particularly amid global supply pressures linked to the West Asia conflict, the ministry said.Malaysian banks will endure a downside case of a larger decline in nonperforming loans (NPLs) amid a possible rise in dividend payouts, S&P Global Ratings said. In S&P's severe stress test involving the country's top nine banks, a rise in NPL ratios to 5% could lead to an earnings decline and a deterioration in capital buffers.In corporate news, HE Group (KLSE:HEGROUP) unit Hexatech Engineering bagged a subcontract worth about 102 million ringgit for electrical works at a data center project in Johor, Malaysia. Shares slid about 1% on Monday's close.Japan's Ajinomoto (TYO:2802) has proposed taking its Malaysian subsidiary, Ajinomoto (Malaysia) (KLSE:AJI), private through a selective capital reduction and repayment exercise.

FTSE Bursa Malaysia KLCIKLSE:AJIKLSE:HEGROUPTYO:2802
Asia

Ajinomoto Proposes Privatization of Malaysian Unit

Ajinomoto Co (TYO:2802) has proposed a selective capital reduction plan to take its listed Malaysian subsidiary, Ajinomoto (Malaysia) Berhad, private and delist it from Bursa Malaysia.Under the proposal, shareholders other than Ajinomoto would receive 20 Malaysian ringgit per share in exchange for the cancellation of their holdings. The transaction would involve about 30.2 million shares and a total capital repayment of approximately 603.4 million ringgit, according to a company filing on Monday.The proposal has been submitted to the board of Ajinomoto Malaysia, which will decide whether to proceed. Any transaction would be subject to necessary approvals.

TYO:2802
Asia

Nikkei 225 Crosses Historic 72,000 Milestone as Tech, AI Stocks Rally

Japanese equities surged to an all-time high on Monday, crossing the psychological 72,000 threshold for the first time, driven by the shares of AI companies after recovering from a weak opening.The benchmark Nikkei 225 closed up 1,103.90 points or 1.55% at 72,353.96 after hitting an intra-day high of 72,831.73 on Monday.The Japanese government aims to invest 10.5 trillion yen in physical artificial intelligence by fiscal 2040 under the government's new growth strategy covering 17 priority industries, Nikkei reported Friday.The report said the initiative aims to boost productivity and global competitiveness through public-private investment, with a focus on physical AI covering factory automation, autonomous transport, and infrastructure inspection.Sentiment was also buoyed by reports of Iranian negotiators saying progress had been made in peace talks with the US, as both sides try to reach a peaceful resolution to the crisis in the Middle East.On the corporate side, Japan's Ajinomoto (TYO:2802) has proposed taking its Malaysian subsidiary, Ajinomoto (Malaysia) (KLSE:AJI), private through a selective capital reduction and repayment exercise, according to a Friday filing with the Malaysian stock exchange.Also, PowerX (TYO:485A) has secured its first international order, a 1.7 billion yen large-scale battery storage system for Vietnam, placed by Toyota Tsusho Group (TYO:8015) member Elematec (TYO:2715). The PowerX Mega Power 2700 units will contribute to regional grid stability and energy security, with revenue expected in the latter half of the year, according to a Tokyo bourse filing on Friday.

Nikkei 225TYO:2715TYO:2802TYO:485ATYO:8015
Asia

Japan's Ajinomoto Proposes to Take Malaysian Unit Private

Japan's Ajinomoto (TYO:2802) has proposed taking its Malaysian subsidiary, Ajinomoto (Malaysia) (KLSE:AJI), private through a selective capital reduction and repayment exercise, according to a Friday filing with the Malaysian stock exchange.The Japanese parent company, which currently holds a 50.38% stake in the monosodium glutamate producer, is offering to pay minority shareholders 20 ringgit per share, valuing the transaction at about 603.4 million ringgit.The privatization will be implemented through a capital restructuring process involving a bonus issue and cancellation of shares, leaving the Japanese parent as the sole owner.The deal remains subject to regulatory approvals, court confirmation, and shareholder nod, the filing said.

KLSE:AJITYO:2802
Asia

Market Chatter: Japanese Corporate Real Estate Sales Hit 18-Year High as Firms Boost Efficiency

Corporate property sales in Japan rose 9% to 1.23 trillion yen in 2025, marking the highest level in nearly two decades, as listed companies shed assets to improve profitability, Nikkei reported on Sunday.Food maker Ajinomoto (TYO:2802) sold its Tokyo headquarters and will relocate functions this summer, while Yamato Holdings (TYO:9064) offloaded four properties, including its Ginza office, the news daily said.Engineering firm IHI (TYO:7013) planned three sales in Koto ward, expected to generate 56.8 billion yen in capital gains, over 80% of which will be booked this fiscal year, the publication said.The trend reflects growing pressure on Japanese firms to streamline operations and raise return on equity, aligning with broader shareholder-driven governance reforms, 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.)

Nikkei 225TYO:2802TYO:7013TYO:9064
US Markets

Ajinomoto's Fiscal 2026 Profit Surges 92% on Semiconductor Surge

Food and materials producer Ajinomoto (TYO:2802) reported strong earnings for fiscal 2026, driven in part by business lines exposed to the semiconductor industry.Ajinomoto's attributable net profit jumped 92% to 134.7 billion yen, with earnings per share nearly doubling to 138.36 yen from 69.77 yen a year earlier.Sales for the year rose 3.5% to 1.58 trillion yen.Though known for its long history in frozen foods and seasonings, Ajinomoto has, in recent years, sold increasing volumes of Ajinomoto Build-up Film (ABF) to semiconductor manufacturers.The rising number of semiconductors produced globally, along with the increasing complexity of the chips, has resulted in record film sales, according to the company.The "increase in functionality of semiconductor packages has progressed in line with the expansion of semiconductor applications.""Accordingly, package boards are increasingly large and multi-layered and the use of ABF is also increasing, with further evolution expected in the future," Ajinomoto said in its earnings presentation.Ajinomoto has earmarked 1.2 billion yen to build a new ABF factory in Japan's Gifu Prefecture, according to a separate release on Thursday. Construction will begin in 2028, with operations slated to commence in 2032.Meanwhile, in the fourth quarter alone, Ajinomoto reported a net income of 44.93 billion yen, reversing a 12.17 billion yen loss in the year-earlier period. Quarterly sales rose 10% to 419.5 billion yen.The company plans to pay a year-end dividend of 24 yen per share for fiscal 2026.For the upcoming year, Ajinomoto maintains a positive outlook and expects continued growth in core segments. The company expects sales in the 12 months starting April 1 to rise 8.8% year-on-year to 1.72 trillion yen, but expects net profit to fall 10.9% to 120 billion yen, or 126.16 yen per share.Ajinomoto shares closed up 1.6% in Tokyo trading Thursday.

TYO:2802
Asia

Ajinomoto's Profit Jumps 92% in Fiscal Year 2025

Ajinomoto's (TYO:2802) profit attributable to owners of the parent surged 92% to 134.7 billion yen for the fiscal year 2025 from 70.3 billion yen a year earlier.The food seasoning manufacturer's earnings per share increased to 138.36 yen from 69.77 yen a year ago, according to a Tokyo bourse filing on Thursday.Sales jumped 3.5% to 1.584 trillion yen for the year ended March 31 from 1.531 trillion yen in the prior year.It declared a final dividend of 24 yen per share, payable from June 22.For the fiscal year 2026, the company expects attributable profit of 120 billion yen, basic EPS of 126.16 yen, and sales of 1.723 trillion yen.Ajinomoto plans to pay interim and year-end dividends of 25 yen per share, each, for the year, which is higher than the amount paid in the year-ago period.

TYO:2802
Asia

Market Chatter: Japan Consumer Firms Step up Chip Materials Push

Japanese consumer goods makers are moving further into semiconductor materials to capture AI-led demand, Nikkei reported Thursday.Kao Corporation (TYO:4452) has set up a Taiwan hub to develop and produce chip-cleaning agents with customers including Taiwan Semiconductor Manufacturing Company (TPE:2330), as advanced chips increase the need for contamination control, according to the report.Its semiconductor cleaning sales rose about 40%, supporting a 7% gain in chemical revenue to 451.5 billion yen, the report said.Ajinomoto (TYO:2802) is expanding capacity for its ABF insulating film, which holds over 95% global share in chip substrates, with more than 25 billion yen in planned investment through 2030, according to the report.Sakura Color Products Corporation and Nisshin Seifun (TYO:2002) unit Nisshin Engineering are also applying legacy technologies to chip production processes, 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.)

Nikkei 225TPE:2330TYO:2002TYO:2802TYO:4452

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