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TYO:5019

5 stories mentioning TYO:5019

Every FINWIRES story that references TYO:5019, newest first.

Asia

Japan Stocks Fall as BOJ Holds Rates, Flags Middle East Uncertainty

Japanese equities closed lower on Tuesday after the Bank of Japan held its policy rate at 0.75% and flagged heightened uncertainty around the economic outlook.The Nikkei 225 fell 1.02%, or 619.90 points, to close at 59,917.46.The decision came with dissent from three board members who called for a rate increase, reinforcing expectations of a potential policy shift. Governor Kazuo Ueda said the likelihood of achieving the bank's forecasts has weakened due to uncertainty tied to the Middle East conflict.He said risks are skewed both ways, with downside pressure on growth and upside risks to inflation, particularly in fiscal 2026, making it difficult to assess the duration and impact on the economy and prices.In other economic news, Japan's unemployment rate rose to 2.7% in March from 2.6%, as the number of employed fell to 68.15 million and jobless increased to 1.86 million.On the corporate front, Shares of Denso (TYO:6902) fell about 3% after it withdrew its proposal to acquire a stake in ROHM (TYO:6963), citing lack of support and limited value upside.Shares of Nissan Motor (TYO:7201) rose about 4% after it forecast a narrower fiscal 2025 loss, with loss per share seen at 157.42 yen and net loss at 550 billion yen alongside slightly higher sales.Shares of Idemitsu Kosan (TYO:5019) gained about 3% after a report said it will supply Vietnam with around 4 million barrels of crude via routes bypassing the Strait of Hormuz.

Nikkei 225TYO:5019TYO:6902TYO:6963TYO:7201
Asia

Market Chatter: Idemitsu Kosan to Supply Nearly 4 Million Barrels of Crude Oil to Vietnam

Japanese petroleum company Idemitsu Kosan (TYO:5019) will supply Vietnam with around 4 million barrels of crude oil via shipping routes that avoid the Strait of Hormuz, the Nikkei Asian Review reported Monday.The crude, sourced from the Middle East, will be refined in Vietnam and supports both domestic fuel supply and plastic feedstock production used in Japan-bound exports, reportedly.The shipment equals roughly 10 days of Vietnam's crude consumption and is expected to help maintain operations at key refineries, including the Nghi Son complex in Thanh Hoa province, the report said.(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.)

^HNX^HOSETYO:5019
Asia

Market Chatter: Idemitsu to Route 4 Million Barrels to Vietnam Outside Hormuz

Idemitsu Kosan (TYO:5019) will supply Vietnam with about 4 million barrels of Middle Eastern crude via routes that bypass the Strait of Hormuz, Nikkei reported Tuesday.The cargo will be refined in Vietnam into fuels and petrochemical feedstocks, supporting supply chains that feed plastic components into Japan's auto, appliance and consumer goods sectors, according to the report.The volume equals roughly 10 days of Vietnam's crude demand and is expected to help maintain operations for Japanese manufacturers in the country. Hanoi has faced challenges securing crude and sought support from Tokyo earlier this year, the report said.(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:5019
Asia

Market Chatter: Inpex CEO Outlines Emergency Shift Amid Hormuz Closure

Japan's Inpex (TYO:1605) has seen its exports from the United Arab Emirates come to a halt, following the effective shutdown of the Strait of Hormuz due to U.S.-Israeli attacks on Iran, Nikkei reported on Thursday, citing President and CEO Takayuki Ueda.While crude production in Abu Dhabi has dropped sharply, the company's facilities have not sustained any damage, Ueda told the news daily in an interview.Most of Inpex's contracts are free on board, and buyers unable to navigate the closed strait sometimes invoke force majeure, Ueda said during the interview.The company also holds assets in Azerbaijan, Kazakhstan, and Australia, though shipping from those nations to Japan takes two to three times longer than from the Middle East, the report said.Given the current crisis, Inpex intends to prioritize spot sales to Japanese refiners such as Eneos (TYO:5020), Idemitsu (TYO:5019), Cosmo Energy (TYO:5021), and Taiyo Oil, the news agency said.While Japan must reduce its reliance on Middle Eastern crude, Ueda stressed that drastically cutting supplies from the UAE and Saudi Arabia is unrealistic, so strengthening ties with the region remains essential alongside any diversification efforts, it added.(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:1605TYO:5019TYO:5020TYO:5021
Asia

Idemitsu Kosan to Cancel 5% of Shares

Idemitsu Kosan (TYO:5019) said it will cancel 65.5 million treasury shares, or 5.1% of its outstanding stock, according to a Tuesday filing on the Tokyo Stock Exchange.The cancellation is scheduled for April 30 and will reduce the total number of issued shares to about 1.22 billion.

TYO:5019