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TYO:4062

6 stories mentioning TYO:4062Updated just now

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Asia

Ibiden's Attributable Profit Jumps 41% in Fiscal Q1; Shares Rise 5%

Ibiden (TYO:4062) posted a 41% year-over-year growth in attributable profit for the fiscal first quarter to 17.9 billion yen from 12.7 billion yen.Basic EPS was 64.14 yen, compared with 45.59 yen a year earlier, according to a Tokyo bourse filing on Tuesday.Net sales rose 26% to 123.2 billion yen from 97.5 billion yen for the three months ended June 30.In a separate filing, the electronics company raised its full-year attributable profit forecast to 84.0 billion yen from 58.0 billion yen, basic EPS to 149.68 yen from 103.85 yen and net sales to 550.0 billion yen from 500.0 billion yen.The revision was due to stronger-than-expected demand for IC package substrates in the electronics business and a weaker yen.The company plans to pay interim and year-end dividends of 15 and 10 yen per share, respectively, for the current year, which is lower from the year-ago period.A planned two-for-one stock split led to the revisions on the EPS and dividend forecasts.Shares of the company rose more than 5% in recent trade.

TYO:4062
Research

SMBC Nikko Upgrades Ibiden to Outperform

Ibiden (TYO:4062) has an average rating of overweight and mean price target of 22,925 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

TYO:4062
Research

Okasan Securities Upgrades Ibiden to Buy from Neutral; Price Target is 29,000 Yen

Ibiden (TYO:4062) has an average rating of overweight and mean price target of 21,353.33 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

TYO:4062
Asia

Market Chatter: Japan's Megabanks, Insurers Race to Unload Cross-Shareholdings as Stocks Rally

Japanese banks and insurers are speeding up sales of strategic shareholdings to cash in on surging stock prices, as investors eye how the proceeds will be used, Bloomberg News reported on Wednesday.Sumitomo Mitsui Financial Group (TYO:8316) has already achieved 52% of its 600 billion yen reduction target for the five years through March 2029, while Mizuho (TYO:8411) has cut 110 billion yen and reached 33% of its three-year goal as of March, the news wire said.The three major nonlife insurance groups - Tokio Marine (TYO:8766), MS&AD (TYO:8725), and Sompo (TYO:8630) - aim to eliminate all strategic holdings by March 2031, having already reduced their combined shares from 1.53 trillion yen in March 2024 to 920 billion yen by March 2026, or 40% of their target, the publication said.Recent transactions include major contractor Shimizu (TYO:1803) seeing over 14 million shares sold by Mizuho Bank and Tokio Marine, while five financial institutions offloaded nearly 7 million shares of electronics maker Ibiden (TYO:4062).(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:1803TYO:4062TYO:8316TYO:8411TYO:8630TYO:8725TYO:8766
Asia

Ibiden Weighs Further Steps After 2-for-1 Share Split

Ibiden (TYO:4062) said it will continue to review measures to improve share liquidity and broaden its investor base after completing a 2-for-1 stock split effective Jan. 1, according to a Tuesday filing on the Tokyo Stock Exchange.The company said reducing investment units can help attract more investors, adding it will assess further steps based on share price levels, liquidity, shareholder mix and cost considerations.

TYO:4062
Asia

Ibiden Shuts Website after Unauthorized Content Appears

Ibiden (TYO:4062) said its official website was hit by a service outage that led to the display of an unauthorized web page, prompting the company to suspend access and investigate a possible external intrusion, according to a Monday filing on the Tokyo and Nagoya stock exchanges.The company said it shut down the affected server after confirming early in the morning that unrelated content had appeared on its website.Ibiden said it is working to identify the cause of the incident, restore services and implement measures to prevent a recurrence.It said no damage such as leakage of personal information has been confirmed so far, though it advised users who may have accessed the unauthorized page to update their device security.

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