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TYO:6701

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Asia

Japanese Stocks Rise on Positive US Jobs Data; Oil Gains

Japanese stocks jumped, led by a technology stock rally after positive US jobs data boosted growth sentiment while easing expectations of a Federal Reserve interest rate hike.The benchmark Nikkei 225 closed up 1,378.90 points, or 2.12%, at 66,399.84.Oil prices extended gains with reported fresh US attacks on Iranian oil containers in the Strait of Hormuz, derailing peace initiatives in the Middle East conflict and heightening prolonged supply disruption concerns.Iran confirmed that its navy conducted strikes at three oil tankers in the Strait of Hormuz and three additional US vessels in other ​areas.On the corporate side, Canon (TYO:7751) said it completed its 200 billion yen share buyback, repurchasing 45.3 million common shares through the Tokyo Stock Exchange's ToSTNeT-3 off-auction trading system, according to a Tokyo Stock Exchange filing on Monday.Also, NEC (TYO:6701) has halted its quantum computer development project, following an evaluation that the project could take too long to generate a return on investment, according to media reports.

Nikkei 225TYO:6701TYO:7751
Asia

Market Chatter: NEC Halts Quantum Computer Development

NEC (TYO:6701) has halted its quantum computer development project, following an evaluation that the project could take too long to generate a return on investment, Nikkei Asia reported on Sept. 5.The Japan-based technology company discontinued development of a physical quantum computer at the end of March but will continue work on related technologies and services.NEC did not immediately respond to a request for comment from.(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:6701
Asia

Japanese Stocks Rise Ahead of US Jobs Data as Rate Hike Fears Ease; Oil Gains

Japanese stocks gained ahead of US job data as investor sentiment improved and fears of a Federal Reserve interest rate hike eased.The benchmark Nikkei 225 closed up 806.46 points, or 1.26%, at 65,020.94.Oil prices extended gains even as US-Iran peace talks to end the Middle East conflict and reopen the Strait of Hormuz progressed.On the corporate side, Sumitomo (TYO:8053) completed its 80 billion yen share buyback, repurchasing 47.7 million common shares, according to a Tokyo Bourse filing on Friday.Also, NEC (TYO:6701), SB Payment Service and SB C&S have entered a partnership on facial recognition payment for the PayCas multi-payment service, according to a Friday release.

Nikkei 225TYO:6701TYO:8053
Asia

NEC, SB Payment Service, SB C&S Team Up for Facial Recognition Payment Service

NEC (TYO:6701), SB Payment Service and SB C&S have entered a partnership on facial recognition payment for the PayCas multi-payment service, according to a Friday release.SB C&S will integrate PayCas with the Bio-IDiom Services for SaaS feature, which uses NEC's Bio-IDiom biometric authentication core technology and facial recognition technology.Meanwhile, SB Payment Service will handle payment processing for the service.Users can register their facial data and credit card details through a website, allowing them to make payments using facial recognition without presenting a card or smartphone.The feature aims for more efficient checkout operations and a more comfortable shopping experience.The initiative is part of a strategic alliance in the biometric authentication field between SoftBank (TYO:9434) and NEC.SB Payment Service is a PSP company under SoftBank while SB C&S originated from the founding IT business of the SoftBank Group (TYO:9984).SoftBank will test implement the facial recognition payment service from Sept. 1 to Nov. 30 at its Takeshiba headquarters' employee cafeteria.Shares of SoftBank Group and NEC rose 9% and 2%, respectively, in recent trade.

TYO:6701TYO:9434TYO:9984
Asia

Japanese Shares Slide as Treasury Yields Stablize, Oil Declines

Japanese stocks extended losses Thursday, closing lower even as Treasury yields steadied and AI investment confidence improved.The benchmark Nikkei 225 closed down 111.16 points, or 0.2%, at 64,214.48.Oil prices declined as no further escalations followed recent U.S.-Iran strikes, though uncertainty over Strait of Hormuz transit kept tensions elevated.On the corporate side, Japan-based technology group NEC (TYO:6701) earmarked 1.3 trillion yen for growth investments, including mergers and acquisitions (M&A), under its medium-term plan through March 2031, media reports said. The company closed nearly 1% lower.Mitsui O.S.K. Lines (TYO:9104) CEO Jotaro Tamura said supply disruption through the Strait of Hormuz is likely to extend beyond year‑end, Thursday reports showed. Shares closed 2% higher Thursday.

Nikkei 225TYO:6701TYO:9104
Asia

Market Chatter: Japan's NEC Earmarks 1.3 Trillion Yen for Growth Investments, Eyes Manufacturing M&A

Japan-based technology group NEC (TYO:6701) earmarked 1.3 trillion yen for growth investments, including mergers and acquisitions (M&A), under its medium-term plan through March 2031, Nikkei Asia reported Wednesday.The Japanese technology group is considering acquisitions in the manufacturing sector to expand its physical artificial intelligence, aerospace and defense businesses, the report said.CFO Kunikazu Amemiya said NEC is not limiting its M&A targets to specific markets, with manufacturing-related businesses among the possibilities the company is looking into expanding, 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:6701
Asia

Mitsubishi Heavy Industries, NEC Sign Defense Alliance MOU

Mitsubishi Heavy Industries (TYO:7011) and NEC (TYO:6701) have signed a memorandum of understanding for a strategic defense alliance to collaborate on operational planning, command‑and‑control systems and unmanned assets, according to a Wednesday joint statementThe partnership aims to reinforce Japan's defense industrial base and establish sovereignty over data and AI amid shifting security environments. The companies will accelerate capability upgrades for defense equipment and support new warfare methods using unmanned systems and AI‑driven operations.By integrating cloud operations and AI technologies, they plan to deliver high‑reliability command‑and‑control solutions to help transform Japan's defense capabilities, the statement said.

TYO:6701TYO:7011
Treasury

NEC Files for Singapore Listing of $500 Million Bonds

Japanese technology company NEC (TYO:6701) filed for the listing of $500 million 5.129% bonds due 2031 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The company's shares were up nearly 3% in recent trade.The bonds will be listed and quoted on the Bonds Market on Sept. 2, the filing said.

TYO:6701
Asia

Japanese Shares Rise Ahead of Nvidia Results; Oil Falls

Japanese stocks extended gains as chip stocks advanced ahead of Nvidia's results, with investors remaining optimistic about the future of artificial intelligence investment.The benchmark Nikkei 225 closed up 405.73 points, or 0.62%, at 66,262.16.Oil prices eased amid reports of positive US-Iran backchannel talks and Iran's announcement of talks with Oman to reopen the Strait of Hormuz, easing Middle East tensions and raising hopes of restoring energy supply through the key sea route.On the corporate side, SoftBank (TYO:9434) is in talks with investment banks over a potential $10 billion to $20 billion bond offering to refinance a loan tied to its investment in US-based OpenAI, according to a Wednesday report.Also, S&P Global Ratings assigned an A- long-term issue credit rating to Japan-based NEC's (TYO:6701) U.S. dollar senior unsecured bonds, according to a Wednesday release.

Nikkei 225TYO:6701TYO:9434
Asia

S&P Rates NEC's U.S. Dollar Bonds A-

S&P Global Ratings assigned an A- long-term issue credit rating to Japan-based NEC's (TYO:6701) U.S. dollar senior unsecured bonds, according to a Wednesday release.The rating aligns with NEC's long‑term issuer credit rating, reflecting low leverage that limits lender disadvantage, S&P said.The bonds should help diversify the company's funding sources through a wider investor base abroad, the rating agency said.The company's rating balances its leading position in the domestic IT services market, improved profitability prospects, and stable key financial ratios with volatile earnings from the hardware segments and varied demand from large customers.

TYO:6701
Asia

NEC's Profit Climbs 157% in Fiscal Q1

NEC (TYO:6701) profit attributable to owners of the parent climbed 157% to 49.7 billion yen for the fiscal first quarter from 19.3 billion yen a year earlier.The IT company's earnings per share rose to 37.47 yen from 14.49 yen a year ago, according to a Tokyo bourse filing on Wednesday.Revenue increased 15% to 819.8 billion yen for the three months ended June 30 from 715.7 billion yen a year earlier.For the fiscal year ending March 31, 2027, the company expects attributable profit of 290 billion yen, EPS of 218.65 yen, and revenue of 3.540 trillion yen.NEC plans to pay interim and year-end dividends of 20 yen per share each for the current fiscal year.Shares of NEC rose nearly 3% at market close.

TYO:6701
Asia

Noetra Launches Japan-Made Multimodal AI Model for Robotics

Noetra, backed by Sony (TYO:6758), SoftBank(TYO:9984), NEC(TYO:6701), and Honda (TYO:7267), has initiated full-scale R&D for a domestically developed multimodal foundation model aimed at advancing AI-enabled robots and physical AI.The company has assembled a research organization with engineers seconded from core partners and institutions like AIST and Preferred Networks, according to a statement on Thursday.Noetra also plans to build an AI computing infrastructure with approximately 27,500 NVIDIA Rubin GPUs by mid-2028.Its roadmap progresses from a Japanese-language reasoning model in fiscal 2026 to an omni-modal system by 2028, and a "Real-world Native AI" with spatial-physical awareness by 2030.The models will be released externally in stages, aligning with R&D progress and real-world application readiness.

TYO:6701TYO:6758TYO:7267TYO:9984
Asia

NEC Revises Segment Reporting, Shifts to Non-GAAP Profit Disclosure

NEC (TYO:6701) will revise its reportable segments on consolidated financial results starting from the fiscal first quarter, following organizational changes, according to a Tokyo bourse filing on Friday.Previously, the IT company disclosed both adjusted operating profit and Non-GAAP operating profit for the company as a whole, while reporting only adjusted operating profit for each segment.Going forward, however, NEC will disclose only Non-GAAP operating profit for both the company as a whole and each segment, reflecting a streamlined approach to measuring underlying profitability.Under the new structure, the IT Services segment is forecast to generate 3 trillion yen in revenue and 420 billion yen in Non-GAAP operating profit for the fiscal year 2027, while the social infrastructure segment is expected to contribute 760 billion yen in revenue and 94 billion yen in profit.The aerospace/national security and submarine systems segments are also projected to see growth, with the latter swinging from a loss to a profit of 3 billion yen.

TYO:6701
Asia

Lightstorm, Singtel, Microsoft to Launch India-Southeast Asia Submarine Cable

Lightstorm signed consortium agreements with Singtel (SGX:Z74) Microsoft and Tata Communications (NSE:TATACOMM, BOM:500483) to build a submarine cable system that will link India's east coast to Singapore and Malaysia.The 3,600-kilometer I-2SEA is expected to be service-ready by the fourth quarter of 2029 and is designed for AI workloads, according to a Thursday statement from the city-state's AI connectivity platform operator.Under the agreement, NEC Corp. (TYO: 6701) was named system supplier while ASEAN Cableship was the marine installation partner.

BOM:500483NSE:TATACOMMSGX:Z74TYO:6701
Asia

NEC to Absorb Wholly-Owned Subsidiary NEC Solution Innovators

NEC (TYO:6701) has agreed to merge with its wholly-owned subsidiary, NEC Solution Innovators, effective Oct. 1, through a simplified absorption-type merger requiring no shareholder approval.The merger consolidates over 10,000 IT engineers and domain expertise to strengthen consulting and operations capabilities as customer demand shifts from system integration to AI-driven value creation, according to a Tokyo bourse filing on Wednesday.NEC's name, leadership, and capital structure will remain unchanged post-merger.

TYO:6701
Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen
US Markets

Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen

Japan's government has selected a SoftBank Corp.-backed (TYO:9434) consortium to lead a national effort to develop a homegrown artificial intelligence model, with total government investment poised to reach 1 trillion yen over five years.The Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO) named Noetra Inc. and the National Institute of Advanced Industrial Science and Technology (AIST) as the implementers of its "Multimodal Platform Model Development Project for AI Robots and Physical AI," according to a press release on Tuesday.It follows a review of 15 proposals submitted during a public tender that ran from March 24 to April 22.The project spans fiscal years 2026 through 2030, with contracts initially signed for the first two years and continuation subject to an annual stage-gate review, NEDO said.Under the arrangement, Noetra will develop and supply "an internationally competitive" multimodal platform model while taking into account the needs of Japanese model development and utilization.AIST will work with domestic and international research institutions to carry out advanced technological development and contribute to the development of what METI described as "a future-oriented, competitive platform model."The AI model is expected to handle a range of data, including language, audio, images, videos, sensor data, and more.The government has already earmarked 387.3 billion yen for the program in its fiscal 2026 budget, funded through GX Economy Transition Bonds, according to METI's budget outline published in April.Noetra is a joint project led by SoftBank Corp., the telecommunications and internet subsidiary of SoftBank Group (TYO:9984). It counts NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406) as partners.Back in April, METI disclosed its ambition for Japan to capture 30%, or 20 trillion yen, of the global AI robotics market by 2040.The announcement comes amid a broader rally in Japanese AI-linked stocks that pushed the Nikkei 225 to its sharpest quarterly increase on record as of Tuesday. SoftBank Group recently overtook Toyota Motor (TYO:7203) as Japan's most valuable listed company.The Japanese initiative follows a similar push from neighboring South Korea, which also unveiled plans to build semiconductor facilities and AI data centers on Monday, enlisting chipmaker SK Hynix (KRX:000660), Samsung Electronics (KRX:005930) and internet firm Naver (KRX:035420).

Nikkei 225KRX:000660KRX:005930KRX:035420TYO:5401TYO:5406TYO:6701TYO:6758TYO:7203TYO:7267TYO:8306TYO:8316TYO:8411TYO:9434TYO:9984
Asia

SoftBank-Led Consortium to Lead Japan's 1 Trillion Yen National AI Initiative

Japan has selected a consortium backed by SoftBank Corp.(TYO:9434) to spearhead a five-year national project developing a homegrown multimodal AI platform, with total public investment expected to reach 1 trillion yen.The initiative, overseen by the Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO), will see the consortium called Noetra Inc. supply the core model while AIST will collaborate with research institutions to advance the technology, according to a joint statement on Wednesday.Noetra, a joint venture led by SoftBank Corp., includes major partners such as NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406).

TYO:5401TYO:5406TYO:6701TYO:6758TYO:7267TYO:8306TYO:8316TYO:8411TYO:9434
Asia

S&P Upgrades NEC to A- on Improved Profitability

S&P Global Ratings upgraded NEC's (TYO:6701) long-term issuer credit rating to A- from BBB+, according to a recent release.The rating action reflects the better-than-expected increase in the company's profitability due to higher value-added business and a productivity boost. The company's IT services business has expanded orders and earnings in the public sector by obtaining solid system update demand, according to S&P.The rating agency expects the company's EBITDA margin to rise to the high 15% range over the next one to two years amid improving profitability in core segments. The company should retain strong financial metrics, given better cash flow generation and prudent financial management that lead to controlled investments.S&P derives the stable outlook on its view that the company will keep its healthy position with a solid IT service and social infrastructure segment base as well as disciplined financial management.Notable shifts in the company's EBITDA margin or growth investments could trigger future rating actions.

TYO:6701
Asia

NEC to Maintain Strong Financials Despite Software Company Purchase, S&P Says

Japan's NEC (TYO:6701) will retain stable financials in line with its rating after the acquisition of U.S.-based software company CSG, S&P Global Ratings said in a Friday release.The technology company's profitability boost should anchor its financial profile after the 40 billion yen purchase, S&P said.The rating agency sees a moderate expansion in the company's EBITDA due to solid domestic digital transformation and disposal of low-profit segments.S&P expects the debt-to-EBITDA ratio to continue at about 0.6x following the acquisition.The company will be aggressive in increasing its investments, as seen in the planned investment capacity of between 1.2 trillion yen and 1.3 trillion yen for fiscal years 2026 to 2030.The company will keep its solid financial metrics through controlled financial management, but a rating upgrade will depend on its capital allocation plan, S&P said.

TYO:6701
Asia

Market Chatter: NEC Plans JPY100 Billion Undersea Cable Investment to Lift Global Share

NEC (TYO:6701) plans to invest over 100 billion yen over five years to expand its undersea cable business and raise its global market share from just over 20% to nearly 40%, Nikkei reported Tuesday.The strategy includes upgrades at its subsidiary OCC Corporation, which runs Japan's only submarine cable plant in Kyushu and is currently operating at about half capacity despite expected demand growth from AI infrastructure, according to the report.NEC is also investing in multicore fiber technology to boost data capacity, alongside spending on new cable-laying vessels to reduce reliance on chartered ships and improve execution speed, the report said.The global submarine cable market remains dominated by Alcatel Submarine Networks, SubCom and NEC, though China's HMN Tech is gaining share, according to the report.(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:6701

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