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TYO:4088

5 stories mentioning TYO:4088Updated 38d ago

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Asia

Air Water Sets Up External Committee to Probe Director Liability Over Accounting Irregularities

Air Water (TYO:4088) has formed an external attorney-led committee to probe the potential legal liability of current and former directors and auditors over improper accounting practices within the group.The committee will examine the period from fiscal year 2020 through the second quarter of fiscal year 2025, building on findings from a prior special investigating committee report, according to Tokyo bourse filing on Monday.Based on the committee's recommendations, the company will determine whether to pursue damage claims or take other legal action against the individuals concerned.The board resolved to form the committee on June 19, with the aim of ensuring fair and appropriate judgment on accountability matters.

TYO:4088
Asia

Japanese Shares End Lower on Friday as Global Technology Stocks Slip

Japanese shares extended their losses in Friday trade, weighed down by the retreat in artificial-intelligence companies' shares globally.The Nikkei 225 closed 882.57 points or 1.3% lower at 66,588.12.Investment sentiment in Asia was tepid as semiconductor stocks slumped on Wall Street after Broadcom's AI chip sales guidance fell short of market expectations.Investors were cautiously optimistic after U.S. President Donald Trump said that ceasefire negotiations are in their "final" stages, though Iran's foreign minister had earlier described the talks as stalled, according to media reports.On the domestic front, household spending in Japan rose in April as incomes continued to grow, according to government data released Friday. The average monthly consumption expenditures for households with two or more persons stood at 328,969 yen, marking a 1.0% increase in nominal terms and a 0.5% drop in real terms compared with the same month a year earlier.Japan's average nominal wages, or total cash earnings, also rose 3.5% year on year to 312,425 yen in April, the fastest growth since December 2024.On the corporate side, T&D Holdings (TYO:8795) plans to acquire up to 12 million common shares, representing 2.50% of outstanding stock, for a maximum total of 30 billion yen.Meanwhile, Air Water (TYO:4088) declared a year-end dividend of 37.50 yen per share for the fiscal year 2025, matching earlier forecasts and lower than the 43 yen per share paid a year ago.

Nikkei 225TYO:4088TYO:8795
Asia

Air Water Declares Lower Final Dividend for Fiscal 2025

Air Water (TYO:4088) declared a year-end dividend of 37.50 yen per share for the fiscal year 2025, matching earlier forecasts and lower than the 43 yen per share paid a year ago.The total dividend payment amounts to nearly 8.60 billion yen, payable from retained earnings on June 30, according to a Tokyo bourse filing on Thursday.

TYO:4088
Asia

Japan Stocks Gain on Intervention Signals, Yen Rebounds

Japanese shares closed higher on Friday, with sentiment supported after Tokyo signaled readiness to step into currency markets to curb volatility driven by speculative moves in crude-linked trades.The Nikkei 225 rose 0.38%, or 228.20 points, to close at 59,513.12.Atsushi Mimura, Japan's vice finance minister for international affairs, said authorities stand ready to respond to market distortions linked to speculative trading in crude oil futures.Japan moved into the currency market on Thursday to support the yen, according to people familiar with the matter, with U.S. officials alerted in advance in line with Group of Seven practices. The yen traded around 157.19 per dollar in Tokyo on Friday morning, after strengthening to 155.57 the previous day from an intraday low near 160.72.In other economic news, Tokyo core inflation slowed to 1.5% in April, marking a fifth straight deceleration and staying below the Bank of Japan's 2% target, while a key underlying gauge eased to 1.9%.Japan's consumer confidence index fell 1.1 points to 32.2 in April, with weaker sentiment on spending and livelihoods, even as 93.6% of households expected prices to rise over the next year.On the corporate front, Marubeni (TYO:8002) fell 4% after reporting an 8.1% rise in annual profit to 543.85 billion yen and forecasting 580 billion yen for the current year.Makino Milling Machine (TYO:6135) rose 5% after MM Holdings dropped its takeover bid following a government recommendation citing national security concerns.Air Water (TYO:4088) slid 14% after the Tokyo Stock Exchange designated its shares as a security on alert and imposed a listing rule violation penalty.

Nikkei 225TYO:4088TYO:6135TYO:8002
Asia

Air Water Shares Placed on Alert by Tokyo Bourse; Penalty Imposed

Air Water (TYO:4088) said the Tokyo Stock Exchange will designate its shares as a security on alert from May 1 and demand payment of a listing agreement violation penalty, according to a Friday filing on the local bourse.Air Water said it will prioritize strengthening corporate culture, governance and internal controls, and will implement measures to prevent recurrence.

TYO:4088

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