TYO:6723

5 stories mentioning TYO:6723Updated 1d ago

Every FINWIRES story that references TYO:6723, newest first.

Sony, Renesas, and Toyota's Operations Disrupted by Kumamoto Earthquake

Sony (TYO:6758) confirmed no casualties at its Kumamoto sites after the July 28 quake, but its Kumamoto Technology Center remains suspended as damage assessments continue.The company's Nagasaki, Oita and Kagoshima centers sustained no significant damage, according to a statement.In a separate disclosure, Renesas (TYO:6723) suspended operations at its Kawashiri and Nishiki factories with no injuries reported, with both plants sustaining structural damage- cracked walls.Toyota (TYO:7203) will halt three Fukuoka plants from Wednesday evening through Friday to reassess safety and supply conditions before deciding on an Aug. 3 restart, Nikkei Asia reported on Wednesday.This comes after the Miyata, Kokura and Kanda plants had resumed production Wednesday morning following a previous halt, the publication said.

TYO:6723TYO:6758TYO:7203

Asia13d ago

South Korea Raids Montage, Renesas, Rambus in Price-Fixing Probe

South Korean prosecutors have raided the local offices of three foreign semiconductor firms as part of an antitrust investigation into alleged price-fixing of memory interface chips.The Fair Trade Investigation Division of the Seoul Central District Prosecutors' Office conducted searches and seizures at the South Korean headquarters of China's Montage Technology (SHA:688008, HKG:6809), Japan's Renesas Electronics (TYO:6723) and U.S.-based Rambus. All three companies are suppliers of critical components to global memory companies Samsung Electronics (KRX:005930), SK Hynix (KRX:000660) and Micron Technology.Together, all three suppliers account for over 93% of the global supply for memory interface chips, according to semiconductor platform IC&PCB Union on Thursday. These components are vital for the mass production of high-speed DDR4 and DDR5 RAM, which manage and accelerate data transfer speeds between processors and memory modules.In a Hong Kong filing on Thursday, Montage Technology confirmed the on-site investigation, saying it is fully cooperating with the probe. Montage noted that its operations remain normal and no charges have been filed against the company or its employees.South Korea is a vital market for Montage, accounting for more than half, or 2.93 billion yuan, of its overall 5.46 billion yuan revenue in 2025.Alongside the disclosure, Montage issued a positive profit alert on Friday, forecasting that its group revenue for the first half of 2026 will rise 26.6% year over year to roughly 3.34 billion yuan. It also projects first-half net profit to jump between 63.9% and 81.2% to a range of 1.9 billion to 2.1 billion yuan, driven by booming global demand for AI infrastructure.To stabilize its valuation, Montage also announced that its Chairman and CEO Yang Chonghe has proposed an A-share buyback program valued between 300 million yuan and 600 million yuan.Renesas, Rambus, Samsung, and SK Hynix have not yet publicly commented on the investigation.has reached out to the companies for comment.In late-afternoon trading in Shanghai, Montage's shares fell nearly 10%, while its Hong Kong shares tumbled almost 6%. Renesas plunged nearly 8% in Tokyo.

^KOSDAQKOSPIHKG:6809KRX:000660KRX:005930SHA:688008TYO:6723

Asia27d ago

Fitch Revises Outlook on Renesas Electronics to Stable

Fitch Ratings has changed the outlook on the long-term issuer default ratings of Renesas Electronics (TYO:6723) to stable from negative, according to a Friday release.Fitch affirmed the company's BBB ratings on its $850 million senior unsecured notes due November 2026, noting its acquisition strategy is expected to keep average credit metrics more consistent with a BBB rating than a BBB+ rating.The revision reflects Fitch's view of strong profitability recovery, supported by the company's solid business profile and proceeds from the sale of the timing business, concluded on Wednesday.Fitch expects the company's EBITDA gross leverage to improve to about 2.0x in 2026 (2025: 2.7x) on stronger profitability and debt repayment. The agency expects EBITDA to rise by 17% in 2026, on end-market recovery and AI and data-center-related demand.EBITDA is expected to grow 9% in 2027 and 2028, supporting continued deleveraging, according to Fitch.

TYO:6723

Asia97d ago

Japan Shares Rise as as Contained March Inflation Dampens Rate Hike Fears

Japanese shares closed nearly 1% higher on Friday after data showed inflation remained contained in March, reinforcing expectations that the Bank of Japan will refrain from raising interest rates next week.The Nikkei 225 rose nearly 1%, or 575.95 points, to close at 59,716.18.Core consumer prices, excluding fresh food, rose 1.8% year on year in March, matching forecasts and accelerating from 1.6% in February. Energy subsidies continued to limit price pressures despite higher fuel costs linked to Middle East tensions.The data showed energy prices fell 5.7%, a smaller drop than the previous month, while nonperishable food inflation eased. A separate core-core gauge, which strips out energy, rose 2.4%.On the corporate front, Shares of Daiichi Sankyo (TYO:4568) fell about 10% after the company delayed its earnings release and five-year plan while reviewing oncology supply plans, even as it raised its full-year profit outlook on foreign exchange gains.Shares of Renesas Electronics (TYO:6723) dropped about 5% despite reporting a 162% jump in first-quarter profit and strong revenue growth, with the company flagging near-term volatility and issuing only a six-month outlook.Shares of SoftBank Group (TYO:9984) rose 2% after a report said its mobile unit plans to convert part of an Osaka plant into a large-scale battery production site to support AI data centers.

Nikkei 225TYO:4568TYO:6723TYO:9984

Asia97d ago

Renesas Electronics' Profit Soars 162% in Q1

Renesas Electronics' (TYO:6723) profit attributable to owners of the parent soared 162% to 68.1 billion yen for the first quarter from over 26 billion yen a year earlier.The semiconductor manufacturer's earnings per share increased to 36.96 yen from 14.30 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue jumped 23% to 380.3 billion yen for the three months ended March 31 from 308.8 billion yen in the prior-year period.In a separate filing, Renesas set the forecasts for the six months ending June 30, with an expected non-GAAP revenue of 752.8 billion to 767.8 billion yen, a non-GAAP gross margin of 58.1% and a non-GAAP operating margin of 31.3%.Renesas does not plan to pay any dividends for the year.Due to short-term volatility in the semiconductor market, Renesas provides its consolidated forecasts quarterly as a range rather than a full-year figure, as high accuracy is difficult to achieve.The company uses non-GAAP metrics, excluding non-recurring items, with margin forecasts based on the midpoint of the revenue range to clarify ongoing performance.

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