TYO:3231

4 stories mentioning TYO:3231

Every FINWIRES story that references TYO:3231, newest first.

Nikkei 225 Hits Record High on US-Iran Peace Breakthrough

Japanese shares surged to an all-time high and closed with gains on Monday, as investors reacted to the news of a peace agreement between the US and Iran to be signed later this week.The Nikkei 225 soared 3,297.46 points, or 4.99% to 69,317.50.Donald Trump, President of the United States, declared that a ceasefire has been agreed upon with Iran, and shipping through the Strait of Hormuz will be free of tolls."The Deal with the Islamic Republic of Iran is now complete," Trump wrote on Truth Social. He later added that, "This Great Deal will bring Peace and Security to the whole Region", and hinted that a more comprehensive peace agreement with Iran would follow.The unblocking of the Strait of Hormuz will be a huge relief for oil-import-dependent countries in Asia, including Japan, as the war in the Middle East led to production cuts and price hikes across industries.Investors are also closely eyeing the decisions by the U.S. and Japan's central banks this week.On the home front, British and Japanese leaders are set to finalize an 18 billion pound sterling agreement expected to create "tens of thousands of new jobs" in offshore wind, infrastructure, and finance, according to a statement on Saturday.Under the deal, several Japanese companies committed 5-year investments to UK projects, including 2 billion pounds sterling by Mitsubishi Estate(TYO:3481), 3.8 billion pounds sterling by Mitsui Fudosan (TYO:8801), and 500 million pounds sterling by Nomura Real Estate (TYO:3231).On the corporate side, Iyogin (TYO:5830) has begun purchasing Japanese government bonds for the first time in 10 years, starting with small amounts of super-long debt in April, Bloomberg News reported Monday, citing CEO Kenji Miyoshi in a recent interview.

Nikkei 225TYO:3231TYO:3481TYO:5830TYO:8801

Asia9h ago

UK, Japan Enter Into GBP 18 Billion Deal to Boost Clean Energy, Jobs, Next-Generation Tech

British and Japanese leaders are set to finalize an 18 billion pound sterling agreement expected to create "tens of thousands of new jobs" in offshore wind, infrastructure, and finance, according to a statement on Saturday.Under the deal, several Japanese companies committed 5-year investments to UK projects, including 2 billion pounds sterling by Mitsubishi Estate(TYO:3481), 3.8 billion pounds sterling by Mitsui Fudosan (TYO:8801), and 500 million pounds sterling by Nomura Real Estate (TYO:3231).Additional pledges include Mizuho Financial's 3 billion pound sterling expansion of its UK operations, Eisai's (TYO:4523) 48 million pound sterling government-backed facility upgrade, and an offshore wind compact facilitating up to 9 billion pound sterling for floating wind projects in the North and Celtic Seas.Legal & General also broke ground on a 135 million pound sterling London housing project in partnership with Nomura (TYO:8604), marking the firm's first UK homebuilding venture.Prime Minister Keir Starmer will host his Japanese counterpart and business delegates in London before the G7 meeting in France, where over 10 commercial and government agreements are expected to be signed.

Nikkei 225TYO:3231TYO:3481TYO:4523TYO:8604TYO:8801

Asia34d ago

Market Chatter: Japan Property Developers Flag Possible Condo Handover Delays

Major Japanese developers are warning condominium buyers about possible construction delays as supply disruptions linked to the Middle East conflict tighten availability of building materials, Nikkei reported Tuesday.Mitsui Fudosan (TYO:8801) unit Mitsui Fudosan Residential has informed customers in several projects, including a Tokyo high-rise complex with about 2,000 units, that handover schedules and some materials could change because of supply uncertainty. The company said no delays have occurred so far, according to the report.The closure of the Strait of Hormuz has disrupted supplies of petrochemical-based materials such as insulation, paint and water pipes, pushing up costs and limiting orders, the report said.Tokyu Fudosan (TYO:3289) said it is also alerting buyers to possible changes in delivery schedules as supply-chain disruptions and higher material costs persist, according to the report.Mitsubishi Estate (TYO:8802) unit Mitsubishi Estate Residence and Tokyo Tatemono (TYO:8804) have issued similar notices, while Nomura Real Estate (TYO:3231) unit Nomura Real Estate Development said it would notify customers if delays become likely, 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:3231TYO:3289TYO:8801TYO:8802TYO:8804

Asia51d ago

Nomura Real Estate's Full-Year Profit Climbs 11%

Nomura Real Estate's (TYO:3231) profit attributable to owners of the parent climbed nearly 11% to 82.9 billion yen for the fiscal year ended March 31 from 74.8 billion yen a year earlier.The real estate firm's earnings per share increased to 96.67 yen from 86.69 yen a year ago, according to a Tokyo bourse filing on Friday.Operating revenue jumped 24% to 942.5 billion yen from 757.6 billion yen in the prior year.The company declared a final dividend of 22 yen per share, payable from June 4.For the fiscal year ending March 31, 2027, Nomura Real Estate expects attributable profit of 86 billion yen, basic EPS of 100.68 yen, and operating revenue of 1.080 trillion yen.Nomura Real Estate plans to pay interim and year-end dividends of 22 yen per share each for the year, which is higher than the amount paid in the year-ago period.

TYO:3231