TYO:5016

7 stories mentioning TYO:5016

Every FINWIRES story that references TYO:5016, newest first.

Market Chatter: China's Rare Earth Exports to Japan Plunge, Pushing Firms to Seek Alternatives

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.)

Nikkei 225TYO:5016

Asia12d ago

Jefferies Adjusts JX Advanced Metals' Price Target to 5,200 Yen From 4,300 Yen, Keeps at Buy

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://www..com/contact-us)

TYO:5016

Asia18d ago

Mitsubishi Materials to Integrate Copper Concentrate Business Into Pan Pacific Copper via Company Split

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.

TYO:5016TYO:5706TYO:5711TYO:8002

Asia19d ago

Toho Titanium Set for May 28 Delisting Following Shareholder Approval of Share Exchange

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.

TYO:5016TYO:5727

Asia27d ago

Japanese Shares Shed Early Gains, Close Lower as Investors Remain Cautious Over Middle East Crisis

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.

Nikkei 225TYO:5016TYO:8601

Asia27d ago

JX Advanced Metals Sets Terms for Convertible Bonds Due 2029, 2031

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.

TYO:5016

Asia34d ago

Ibiden, Orix Rise After Strong Earnings, JX Advanced Metals Slips

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%.

Nikkei 225TYO:5016TYO:8591