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TYO:5020

8 stories mentioning TYO:5020

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Asia

Eneos' Profit Increases 14% in Fiscal Year 2025

Eneos Holdings' (TYO:5020) profit attributable to owners of the parent climbed 14% to 258.7 billion yen for the fiscal year 2025 from 226.1 billion yen a year earlier.The mining company's profit per share increased to 96.00 yen from 79.81 yen a year ago, according to a Tokyo bourse filing on Thursday.Revenue declined 4.5% to 11.765 trillion yen for the period ended March 31 from 12.322 trillion yen in the prior year.It declared a final dividend of 17 yen per share, payable from June 26.For the fiscal year 2026, the company expects attributable profit of 415 billion yen, basic profit per share of 154.28 yen, and revenue of 12.850 trillion yen.Eneos plans to pay interim and year-end dividends of 17 yen per share for each period, totaling 34 yen per share, which is similar to the amount paid in the year-ago period.

TYO:5020
Asia

Nikkei Slides Nearly 1% as Hawkish BOJ Rhetoric, Geopolitical Tensions Spook Investors

Japanese shares ended nearly 1% lower on Thursday after hawkish comments from a Bank of Japan board member strengthened expectations for additional interest-rate increases, with persistent inflation risks linked to the Iran conflict weighing on sentiment.The Nikkei 225 fell 0.98%, or 618.06 points, to close at 62,654.05.BOJ board member Kazuyuki Masu said rates should be raised "at the earliest stage possible" if data show no clear signs of an economic slowdown, comments that reinforced market expectations for a possible rate increase as early as June.Masu's remarks came after three other BOJ board members backed further tightening in April despite the central bank keeping rates unchanged, marking the biggest policy split under Governor Kazuo Ueda.The yen strengthened after Masu's speech and reports that Chinese President Xi Jinping told U.S. President Donald Trump that Taiwan remained the most sensitive issue in China-U.S. relations.On the corporate front, Eneos Holdings (TYO:5020) fell 4% after agreeing to acquire Chevron's downstream fuels and lubricants businesses across six Asia-Pacific markets for $2.17 billion.Yamabiko (TYO:6250) slipped 1% after saying it will liquidate its UAE subsidiary due to worsening instability in the Middle East.Meanwhile, Sony Financial Group (TYO:8729) dropped 5% after fiscal 2025 profit attributable to owners of the parent declined 30% and the company forecast a 16 billion yen attributable loss for fiscal 2026.

Nikkei 225TYO:5020TYO:6250TYO:8729
Eneos to Acquire Chevron's Asia-Pacific Assets for $2.17 Billion
US Markets

Eneos to Acquire Chevron's Asia-Pacific Assets for $2.17 Billion

Japanese refiner Eneos Holdings (TYO:5020) agreed to acquire Chevron's downstream fuels and lubricants businesses across six Asia-Pacific markets for $2.17 billion, marking one of its largest overseas expansion moves in recent years.The company said it signed share purchase agreements to buy Chevron's operations in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia, including a 50% non-operated stake in Singapore Refining Company. The transaction is expected to close in 2027, subject to regulatory approvals.Under the deal, Eneos will acquire the businesses through a Singapore-based special purpose vehicle. The assets include the Caltex fuels and lubricants brand network across the region, which Chevron has operated for decades."This investment represents a significant step in strengthening the business platform that connects Japan with Southeast Asia and Oceania, while bringing together the competitive strengths developed across each market to advance our Group's growth to the next stage," Eneos CEO Tomohide Miyata said in a statement.The move comes as energy companies accelerate overseas expansion to offset a shrinking domestic market and secure supply chains across the Asia-Pacific. In February, Thailand's Bangchak Corp. agreed to acquire Chevron's Hong Kong fuel business for $270 million as part of its regional expansion strategy.Eneos has also been navigating heightened geopolitical risks tied to Middle East crude supplies. Reuters reported earlier that an Eneos-managed tanker carrying Kuwaiti and UAE crude recently passed through the Strait of Hormuz after disruptions linked to the U.S.-Israel conflict with Iran.Japan relies heavily on Middle Eastern crude imports, and refiners, including ENEOS, have sought alternative supply sources while the government works to stabilize domestic fuel markets through subsidies and diplomatic efforts. The Chevron deal underscores Eneos' push to build a broader overseas earnings base and deepen its presence in faster-growing fuel markets.Eneos' shares fell nearly 3% in recent trade in Tokyo.

TYO:5020
Asia

Update: ENEOS to Acquire Chevron's Asia-Pacific Downstream Assets in $2.17 Billion Deal

(Updated to add ticker for ENEOS in the first paragraph)ENEOS Holdings (TYO:5020) signed share purchase agreements with several Chevron subsidiaries to acquire 100% of Chevron's downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia for $2.17 billion.The deal also includes the acquisition of a 50% non-operated interest in the Singapore Refining Co. from Chevron Singapore, according to a company release on Thursday.The acquisition will be carried out through a special purpose vehicle incorporated in Singapore.The transaction is slated to complete by 2027 and is subject to regulatory approvals, the filing said.

^HNX^HOSE^JKSEFTSE Bursa Malaysia KLCI^PSEI^STITYO:5020
Asia

Japanese Stocks Climb as Iran's Plan to Reopen Strait Boosts Sentiment

Japanese shares ended higher on Monday, tracking a broader risk-on sentiment after reports that Iran proposed reopening the Strait of Hormuz to the U.S., easing concerns over stalled peace talks and potential supply disruptions.The Nikkei 225 rose 1.4%, or 821.18 points, to close at 60,537.36.Cautious optimism returned on Monday after talks broke down over the weekend, when U.S. President Donald Trump scrapped an envoy visit, and Tehran ruled out negotiations under pressure.Iran has floated a plan through Pakistani mediators to extend the ceasefire and create space for broader talks, with nuclear discussions to follow once a U.S. blockade of the Strait of Hormuz is lifted. The proposal has been delivered to the White House, with no clear response yet. Trump is due to meet his national security team later in the day.In economic news, Japan's leading index rose to 113.3 in February after an upward revision, while the coincident index fell to 116.3 from January's revised 118.1, government data showed Monday.On the corporate front, Rohm (TYO:6963) fell 9% after saying it has not supported Denso Corporation's (TYO:6902) share acquisition proposal and that recent media reports did not originate from the company.Eneos (TYO:5020) slipped over 1% after saying it is strengthening governance following the indictment of its unit over alleged diesel price coordination in Tokyo.Kyorin Pharmaceutical (TYO:4569) edged down over 1% despite plans to transfer its generic drug business to a Daito-led platform as it shifts focus to new drug operations.

Nikkei 225TYO:4569TYO:5020TYO:6902TYO:6963
Asia

Eneos Unit Indicted in Japan Diesel Cartel Case

Eneos Holdings (TYO:5020) is strengthening governance and compliance after authorities indicted its unit Eneos Wing over alleged antimonopoly violations in diesel fuel sales in Tokyo, according to a Monday filing on the Tokyo Stock Exchange.The Japan Fair Trade Commission indicted Eneos Wing on April 17 on suspicion of coordinating diesel prices, with prosecutors filing charges the same day.Eneos Holdings is restructuring management at Eneos Wing, setting up a compliance unit, and expanding audits and executive training across key group companies.The parent has also conducted a cartel risk review and has not identified significant issues, it said.

TYO:5020
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

ENEOS Wing Faces Criminal Accusation by Fair Trade Commission Over Diesel Price Fixing Allegations

The Japan Fair Trade Commission has filed a criminal accusation against ENEOS Wing, an ENEOS (TYO:5020) company, for alleged violations of the Antimonopoly Act concerning diesel fuel sales prices to transportation companies.ENEOS deeply apologized for the inconvenience caused to business partners, shareholders, and other stakeholders, and pledged full cooperation with the authorities' investigation, according to a Tokyo bourse filing on Friday.The company will promptly disclose any new developments in the case as they arise, the filing read.

TYO:5020