TYO:5108

7 stories mentioning TYO:5108Updated 12d ago

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Japanese Stocks Fall on High Bond Yields, Inflation Worries and Rate Hike Bets; Oil Climbs

Japanese stocks closed marginally lower on Tuesday as global bond yields rose to their highest levels, fueled by high oil prices and inflation concerns, reviving hopes of an interest rate hike.The benchmark Nikkei 225 closed down 96.59 points, or 0.15%, at 66,215.34.Oil prices extended gains on fresh US-Iran hostilities, deepening the security situation in the Middle East, with Iran making fresh strikes at the US assets in Oman and the UAE.On the corporate side, Mitsubishi UFJ Financial Group (TYO:8306) began discussions with Morgan Stanley Investment Management and BlackRock on separate collaborations to develop Japan's private credit market, MUFG said in two separate filings with the Tokyo Stock Exchange on Tuesday.Also, Bridgestone (TYO:5108) completed on Monday the acquisition of about 42.6 million shares, amounting to about 150.0 billion yen, according to a Tokyo bourse filing on Tuesday.

Nikkei 225TYO:5108TYO:8306

Asia12d ago

Bridgestone Completes 150 Billion Yen Share Acquisition

Bridgestone (TYO:5108) completed on Monday the acquisition of about 42.6 million shares, amounting to about 150.0 billion yen, according to a Tokyo bourse filing on Tuesday.In August alone, the tire and rubber manufacturer repurchased about 4.7 million shares, amounting to 19.1 billion yen.Following the acquisition's completion, the company will cancel the shares on Sept. 18.About 1.3 billion issued shares will remain after the cancellation.

TYO:5108

Asia37d ago

Bridgestone Profit Rises 79% in Fiscal H1

Bridgestone (TYO:5108) posted a 79% year-over-year rise in profit attributable to owners of the parent to 206.1 billion yen for the first half ended June 30 from 115.2 billion yen.The tiremaker's earnings per share increased to 163.15 yen from 85.03 yen a year ago, according to a Tokyo Stock Exchange filing on Friday.Revenues jumped 9.7% to 2.3 trillion yen from 2.1 trillion yen in the year-ago period.For the fiscal year ending Dec. 31, the company forecasts an attributable profit of 340 billion yen, basic earnings per share of 270.87 yen, and revenues of 4.5 trillion yen.The company plans to pay a year-end dividend of 65 yen per share for the current fiscal year.

TYO:5108

US Markets37d ago

Bridgestone's Profit, Revenue Accelerate Despite Tariff, Cost Headwinds in H1

Bridgestone (TYO:5108) reported a sharp rise in first-half attributable profit as higher tire sales, improved pricing and product mix, and ongoing restructuring efforts lifted margins despite geopolitical and tariff-related headwinds.Profit attributable to owners of the parent surged 79% to 206.1 billion yen in the six months ended June 30 from 115.2 billion yen a year earlier, according to the company's earnings release on Friday.Revenue from continuing operations rose 9.7% to a record 2.32 trillion yen from 2.12 trillion yen.Bridgestone said the stronger performance reflected higher sales volumes, improved pricing and sales mix, and continued cost reductions, as restructuring and business rebuilding initiatives offset the impact of the Middle East conflict and U.S. tariffs."Revenue increased through higher sales volume, supported by improved pricing and sales mix, steadily moving toward the stage of growth with quality," the company said."Profit increased, and margins improved despite the impacts of the Middle East situation and U.S. tariffs, driven by restructuring and rebuilding initiatives and ongoing cost reduction efforts," it added.Bridgestone maintained its full-year guidance, forecasting revenue of 4.50 trillion yen, adjusted operating profit of 515 billion yen, profit attributable to owners of the parent of 340 billion yen, and a dividend of 125 yen per share.The company cautioned that it expects additional costs exceeding 60 billion yen due to the Middle East situation in the second half, but said it aims to meet its February guidance through pricing, cost reductions, and other countermeasures.

TYO:5108

Asia95d ago

Toyota Takes Stake in Tier IV as Autoware Maker Plans Japan IPO

Toyota (TYO:7203) via Toyota Invention Partners is taking a stake in Japanese self-driving systems-focused startup Tier IV, according to the company's securities filing for its planned IPO on the Tokyo Stock Exchange Growth Market.The filing also revealed that Toyota, along with other Japanese corporations that are existing shareholders, entered into a 180-day lock-up agreement following the listing.The other shareholders include SOMPO (TYO:8630), Yamaha Motor (TYO:7272), Suzuki Motor (TYO:7269), Bridgestone (TYO:5108), Mitsubishi Corp. (TYO:8058), Sony Group (TYO:6758) and JR Central.Tier IV develops the open-source Autoware autonomous driving software and offers three core services, namely Mobility, Development, and Solution Services.The IPO is being jointly managed by Mitsubishi UFJ Morgan Stanley, Morgan Stanley MUFG, and SMBC Nikko, with a target listing date between July and December.

SHA:688272TYO:1871TYO:5108TYO:6758TYO:7203TYO:7269TYO:7272TYO:8058TYO:8630

Asia122d ago

Bridgestone's Profit Jumps 21% in Q1

Bridgestone's (TYO:5108) profit attributable to owners of the parent climbed 21% to 92.1 billion yen in the fiscal first quarter from 75.9 billion yen a year earlier.The tiremaker's earnings per share increased to 72.31 yen from 55.53 yen a year ago, according to a Tokyo bourse filing on Thursday.Revenue rose 5.2% to 1.113 trillion yen for the three months ended March 31 from 1.058 trillion yen in the prior-year period.For the full year, the company expects attributable profit of 340 billion yen, basic EPS of 270.87 yen, and revenue of 4.500 trillion yen.Bridgestone plans to pay interim and year-end dividends of 60 yen and 65 yen per share, respectively, for the year, totalling 125 yen per share, lower than the amount paid in the year-ago period on a pre-stock-split basis.

TYO:5108

US Markets122d ago

Bridgestone Posts Higher Q1 Earnings Despite Middle East Conflict's Impact on Sales

Bridgestone's (TYO:5108) earnings in the first quarter climbed despite its tire sales being affected by the ongoing conflict in the Middle East.The profit attributable to owners, which includes discontinued operations, jumped 21% to 91.1 billion Japanese yen from 75.9 billion yen a year earlier, with earnings per share rising year on year to 72.31 yen from 55.53 yen.Revenue climbed 5.2% to 1.113 trillion yen from 1.058 trillion yen. Both the tire business and diversified products business helped boost the company's total revenue after posting respective a 4% and 3% rise in revenue.In its earnings presentation, the tire maker said sales coming from the Middle East account for only approximately 1.5% of its total sales, but the global demand for tires declined as the war in Iran caused disruption in the supply chain.Among Bridgestone's product lines, the sales of premium tires continued to expand during the quarter ending March 31. Meanwhile, the sales for off-the-road, or OR, tires declined due to lower coal demand in Asia, while maintaining high profitability. Sales in both replacement tires, or REP, and original equipment, or OE, tires fell, but that did not hinder the growth of profit and margins.In Japan, the company's revenue and profit increased due to the depreciation of the local currency and expansion in the sales of replacement tires and improved prices.Cost inflation -- brought by rising material costs and logistics costs due to the global oil and energy price hikes -- is expected to continue to have an indirect impact on the company.Bridgestone predicted that the estimated impact of cost inflation for the entire year will be approximately 70 billion yen.Moreover, the company forecasted that its 2026 attributable profit will increase 3.9% year on year to 340 billion yen. Earnings per share will be at 270.87 yen and revenue will inch 1.6% higher to 4.500 trillion yen from a year earlier.

TYO:5108

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