FINWIRES · TerminalLIVE
FINWIRES

TYO:3407

5 stories mentioning TYO:3407Updated just now

Every FINWIRES story that references TYO:3407, newest first.

What's the latest news on TYO:3407?

Asia

Asahi Kasei Unit Starts Phase Two Study of Antifungal Cresemba for Pediatric Patients in Japan

Asahi Kasei Therapeutics has begun a phase two clinical study in Japan with Cresemba, an antifungal developed by Switzerland-based partner Basilea Pharmaceutica, according to a Tokyo bourse filing on Monday.The company will test the antifungal, which has the active ingredient isavuconazole, for pediatric patients at risk of deep mycoses. Cresemba is currently not approved for use in pediatric patients in Japan.Asahi Kasei Therapeutics is a subsidiary of Asahi Kasei (TYO:3407).

$BASILEATYO:3407
Asia

Asahi Kasei's Attributable Net Income Surges 173% in Fiscal Q1

Asahi Kasei (TYO:3407) posted a 173% year-over-year jump in attributable net income for the fiscal first quarter to 53.8 billion yen from 19.7 billion yen.Net income per share was 39.73 yen, compared with 14.52 yen a year earlier, according to a Tokyo bourse filing on Friday.Net sales rose 11.9% to 826.2 billion yen from 738.3 billion yen for the three months ended June 30.For the fiscal year ending March 31, 2027, the chemical company expects attributable net income of 160 billion yen, net income per share of 119.65 yen, and net sales of 3.254 trillion yen.The company plans to pay interim and year-end dividends of 22 yen per share each for the current year, which is higher than the year-ago period.Shares of the company were down almost 4% in recent trade.

TYO:3407
Asia

Asahi Kasei Invests 2 Billion Yen in Taiwan DFR Facility to Boost Capacity

Asahi Kasei (TYO:3407) has built a new Sunfort dry film photoresist slitting facility in Tainan, Taiwan - a 2 billion yen investment that boosts capacity by 40% with potential to double output.The new facility, equipped with advanced machines and cleanroom standards, meets surging AI-driven demand for semiconductor packaging, according to a Friday statement.Taiwan's role as a packaging hub makes rapid supply essential, positioning Asahi Kasei closer to customers.Sunfort DFR delivers ultra-high resolution for stepper and LDI systems, aligning with the company's Electronics Business as a strategic growth driver, following the May launch of its Sunfort TA series for AI servers.

TYO:3407
Asia

Market Chatter: Naphtha Supply Fears Disrupt Japanese Manufacturers Despite Government Reassurances

Kansai Paint Co (TYO:4613) Despite official claims that Japan has enough naphtha for the next four months, many companies dependent on this oil derivative are halting orders or cutting production, Reuters News reported on Wednesday.Manufacturers of thinner-based products, including Kansai Paint(TYO:4613), face legal limits on hazardous material storage and have already adjusted deliveries and raised prices, threatening downstream sectors from plastic toys to housing construction, the publication said.A recent survey by the Japan Painting Contractors Association found that only 2.7% of firms can still obtain thinner as usual, underscoring widespread supply bottlenecks, the news wire said.Over the past week, more than a dozen companies such as Toto(TYO:5332) and Asahi Kasei (TYO:3407) have reported delivery disruptions or price hikes due to difficulties procuring naphtha-derived adhesives, 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.)

TYO:3407TYO:4613TYO:5332
Asia

Market Chatter: Asahi Kasei Delays Canada Battery Plant on Weak EV Demand

Asahi Kasei (TYO:3407) will delay the start of its battery separator plant in Ontario, Canada, to 2029 or later after Honda Motor (TYO:7267) postponed its electric vehicle project, denting demand, Nikkei reported Wednesday.The plant, initially slated to begin operations in 2027, will instead be supported by exports from Japan to serve North America, according to the report.The company has sharply lowered its outlook for the region's EV market and scaled back related investments. It is turning to demand from energy storage and artificial intelligence data centres to support growth, the report said.U.S. energy storage installations are rising rapidly and are expected to expand further by the end of the decade. Asahi Kasei has also trimmed its medium-term sales target for its separator business, while maintaining margin goals, according to the report.(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:3407TYO:7267

Track with the FINWIRES app suite

FolioX
FolioX
Track TYO:3407 in your portfolio
WheelAI
WheelAI
Analyze TYO:3407 options with the wheel strategy
StockInsider
StockInsider
See market sentiment on TYO:3407