11 stories mentioning TYO:5016Updated 1d ago
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JX Advanced Metals (TYO:5016) has an average rating of buy and mean price target of 5,223.64 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)
Eneos (TYO:5020) expects to record operating profit of 86 billion yen for the fiscal year ending March 2027 from selling 57.3 million JX Advanced Metals (TYO:5016) shares at 3,401 yen each, totaling 194.8 billion yen.The company initially expect to record 110.0 billion yen as operating profit, but the tender offer price was lower than expected.After the transaction, Eneos' stake in JXAM will drop from 42.38% to 35.28%, based on post-share-exchange share counts following JXAM's acquisition of Toho Titanium.The tender price was set at a 10% discount to the lower of the one-month average closing price or the May 20 closing price, which came out to 3,779 yen. Settlement is scheduled for July 9.Eneos kept its full-year earnings forecast unchanged, citing ongoing uncertainties in resource prices, foreign exchange and geopolitical conditions.
JX Advanced Metals (TYO:5016) has completed its tender offer to repurchase 57.3 million of its own shares at 3,401 yen each, for a total of 194.9 billion yen, according to a Tokyo bourse filing on Thursday.The offer, running from May 21 to June 17, was oversubscribed, with 57.33 million shares tendered, and the company used a pro-rata allocation method to determine final purchases.JXAM also plans to cancel four million of the repurchased shares on July 31. Settlement for the tender offer is scheduled to begin on July 9, through Daiwa Securities.
JX Advanced Metals (TYO:5016) plans to invest a total of 120 billion yen by fiscal 2030 to boost the production capacity for indium phosphide (InP) substrates, the company said in a Tuesday release.InP substrates are crystal materials used in optical transceivers that are crucial for large-volume data transmission.The company plans to fund the investment with proceeds from previously issued convertible bonds with stock acquisition rights, which would exclude funds allocated for the tender offer of its own shares, the release said.Shares of the high-tech materials and semiconductor supply chain specialist surged nearly 19% in recent trade.
China's shipments of seven restricted rare earths to Japan fell 88% in March and 82% in April, following tighter export rules introduced in January, Nikkei Asia reported on Monday.Key elements like dysprosium and terbium have seen zero exports since January, while yttrium shipments dropped over 90% in the first four months of the year, the publication said.China dominates global rare earth production and refining, accounting for 70% and 90% respectively, the news agency said.In response, Japanese companies are turning to alternative sources such as Australia, where JX Advanced Metals (TYO:5016) has acquired a stake in mineral deposits, the report said.The export curbs follow geopolitical tensions related to comments by Japan's prime minister regarding Taiwan, according to Nikkei.(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.)
JX Advanced Metals (TYO:5016) has an average rating of overweight and mean price target of 4,370 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)
Mitsubishi Materials (TYO:5711) has entered a final agreement to integrate its business related to the purchase of copper concentrates and the sale of related products into Pan Pacific Copper (PPC), a joint venture among JX Advanced Metals (TYO:5016), Mitsui Kinzoku (TYO:5706) and Marubeni (TYO:8002).The integration will be implemented through a two-step absorption-type company split, under which PPC will establish a new wholly owned subsidiary to receive the business, with the transaction scheduled to take effect on Oct. 1, subject to regulatory approvals.Following the integration, Mitsubishi Materials will hold a 32% stake in PPC, and PPC will become an equity-method affiliate of the company, according to a Tokyo bourse filing on Thursday.The company's board of directors resolved to proceed with the integration on May 28, 2026, following a basic agreement announced in November 2025.
Toho Titanium (TYO:5727) will be delisted from the Tokyo Stock Exchange on May 28, after shareholders approved the proposed share exchange agreement with JX Advanced Metals (TYO:5016) at an extraordinary general meeting held on April 24.The approval triggers the delisting criteria under the Securities Listing Regulations, making Toho Titanium a wholly-owned subsidiary of JX Advanced Metals, according to its Tokyo bourse filing on Wednesday.As a member of the JX Advanced Metals Group, Toho Titanium pledged to continue enhancing corporate value and contributing to society.
Japanese stocks lost early momentum to close in the red on Tuesday despite having a strong start amid caution relating to the Middle East crisis.Asian equities showed mixed movement on Tuesday, as media reports suggest that investors are still skeptical about the relief provided by the easing of oil prices and President Donald Trump's decision to call off fresh military strikes against Iran, which raised hopes for a peace deal and reopening of the Strait of Hormuz.The Nikkei 225 closed down 265.36 points or 0.4% at 60,550.59.The bourse had opened on a positive note, lifted by the optimism in the local market after Japan's economy grew faster than expected in the first quarter, supporting further rate hikes by the Bank of Japan.According to a Cabinet Office report released Tuesday, real GDP grew at an annualized rate of 2.1% in the January-March period - before the full effects of the war in Iran began to materialize.On the corporate side, shares of JX Advanced Metals (TYO:5016) closed down nearly 5% after the company finalized the terms of its two tranches of zero-coupon convertible bonds due in 2029 and 2031.Also, Daiwa Securities (TYO:8601) shares closed up nearly 2% after a Nikkei Asia report said the company plans to allocate 100 billion yen into battery storage facilities by 2030.
JX Advanced Metals (TYO:5016) finalized the terms of its two tranches of zero-coupon convertible bonds due in 2029 and 2031, according to a Tuesday filing with the Tokyo Stock Exchange.Both tranches carry a conversion price of 4,860 yen per share, representing a 20% premium to the company's May 18 closing share price of 4,050 yen.The 2029 bonds will be issued at 110.75% of the principal amount and offered at 113.25%, while the 2031 bonds will be issued at 111.50% and offered at 114.00%. Each bond has a face value of 10 million yen.
Japanese stocks reporting recent earnings traded mostly higher on Friday, with gains led by materials and industrials firms, while JX Advanced Metals (TYO:5016) fell after issuing a weaker outlook and Orix (TYO:8591) rose on strong profit growth.Ibiden (TYO:4062) jumped 12% after reporting full-year results. Profit attributable to owners of parent surged 89% to 63.71 billion yen, while net sales rose 12.7% to 416.20 billion yen. Earnings per share came to 228.16 yen, compared with 120.66 yen a year earlier. The company forecast profit attributable to owners of parent of 58 billion yen for fiscal 2026, down 9%, with earnings per share of 207.70 yen and net sales of 500 billion yen, up 20.1%.Orix (TYO:8591) gained 8% after reporting full-year results. Profit attributable to owners of parent rose 27.2% to 447.27 billion yen, while revenues increased 15.9% to 3.330831 trillion yen. Earnings per share came to 400.27 yen, up from 307.74 yen a year earlier. The company forecast net income of 530 billion yen for fiscal 2027, up 18.5%.JX Advanced Metals (TYO:5016) dropped 15% despite strong full-year results. Profit attributable to owners of parent increased 53.3% to 104.645 billion yen, while net sales rose 23.7% to 884.638 billion yen. Earnings per share came to 112.94 yen, compared with 73.53 yen a year earlier. The company forecast profit attributable to owners of parent of 114 billion yen for fiscal 2027, up 8.9%, with earnings per share of 125.97 yen and net sales of 930 billion yen, up 5.1%.
