TYO:3481

3 stories mentioning TYO:3481

Every FINWIRES story that references TYO:3481, 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

Asia60d ago

Mitsubishi Estate Logistics REIT Investment's Six-Month Net Income Up 1.4%

Mitsubishi Estate Logistics REIT Investment's (TYO:3481) net income edged up 1.4% to 3.86 billion yen for the fiscal period ended Feb. 28 from 3.81 billion yen the previous half-year period.The REIT's net income per unit increased to 2,599 yen from 2,539 yen in the prior six-month period, according to a Tokyo bourse filing on Thursday.Operating revenues grew 1.4% to 8.15 billion yen from 8.04 billion yen in the prior half-year period.The company declared a final distribution of 2,835 yen per unit, payable from May 22.For the fiscal period ending Aug. 31, the REIT expects net income of 4.2 billion yen and operating revenues of 8.72 billion yen.For the fiscal period ending Feb. 28, 2027, the REIT expects net income of 3.65 billion yen and operating revenues of over 8 billion yen.Mitsubishi Estate Logistics plans to pay distributions of 3,112 yen per unit for the August 2026 period and 2,836 yen per unit for the February 2027 period.

TYO:3481