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TYO:7013

8 stories mentioning TYO:7013

Every FINWIRES story that references TYO:7013, newest first.

Asia

IHI to Book 14.6 Billion Yen Gain from Tokyo Land Sale

IHI (TYO:7013) expects to record a gain of 14.6 billion yen from the transfer of land in Tokyo's Koto-ku, according to a Tokyo bourse filing on Friday.The proceeds from the sale will be used to secure funds for upfront investments and strengthen the company's financial foundation.The buyer is a Japanese special-purpose company with no ties to IHI, though the transfer price and book value are not disclosed at the transferee's request.The ownership transfer is scheduled for December.

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Asia

IHI Unit Faces Bid Suspension at Japan's Space Agency Over False Billing

IHI (TYO:7013) subsidiary IHI Aerospace received a five-month suspension from participating in the Japan Aerospace Exploration Agency's competitive bidding starting June 2, following the discovery of improper billing practices.The subsidiary submitted false completion reports for unfinished maintenance work and parts procurement contracts, then claimed full payment based on those reports, according to a Tokyo bourse filing on Monday.The misconduct, which affected 14 out of 438 contracts reviewed from April 2016 onwards, was first identified by IHI Aerospace itself and reported to JAXA in December 2025.

TYO:7013
Asia

Market Chatter: Japanese Corporate Real Estate Sales Hit 18-Year High as Firms Boost Efficiency

Corporate property sales in Japan rose 9% to 1.23 trillion yen in 2025, marking the highest level in nearly two decades, as listed companies shed assets to improve profitability, Nikkei reported on Sunday.Food maker Ajinomoto (TYO:2802) sold its Tokyo headquarters and will relocate functions this summer, while Yamato Holdings (TYO:9064) offloaded four properties, including its Ginza office, the news daily said.Engineering firm IHI (TYO:7013) planned three sales in Koto ward, expected to generate 56.8 billion yen in capital gains, over 80% of which will be booked this fiscal year, the publication said.The trend reflects growing pressure on Japanese firms to streamline operations and raise return on equity, aligning with broader shareholder-driven governance reforms, 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.)

Nikkei 225TYO:2802TYO:7013TYO:9064
Asia

IHI's Profit Surges 43% in Fiscal Year 2025

IHI's (TYO:7013) profit attributable to owners of the parent jumped 43% to 161 billion yen for the fiscal year 2025 from 112.7 billion yen a year earlier.The heavy machinery manufacturer's earnings per share increased to 151.86 yen from 106.40 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue rose 1.0% to 1.643 billion yen for the year ended March 31 from 1.627 billion yen in the prior year.It declared a final dividend of 70 yen per share, payable from June 25.For the fiscal year 2026, the company expects attributable profit of 165 billion yen, EPS of 155.09 yen, and revenue of 1.830 billion yen.IHI plans to pay interim and year-end dividends of 11.50 yen per share, each, for the year, which is lower than amount paid in the year-ago period.

TYO:7013
Asia

Market Chatter: Japan Nuclear Firms Use VR to Address Skilled Labor Shortage

Japanese nuclear equipment makers are accelerating worker training with virtual reality and digital tools as Japan considers building new reactors for the first time since the 2011 Fukushima disaster, Nikkei reported Thursday.IHI (TYO:7013) launched a new welding program in January that combines classroom instruction, hands-on training and video materials captured through camera-equipped welding masks. The company said the system could cut training periods for some technicians to about one-fifth of previous levels, according to the report.Mitsubishi Heavy Industries (TYO:7011) has developed about 50 VR-based courses covering nuclear plant design, construction and maintenance, while Hitachi is digitizing technical expertise to improve knowledge transfer across its nuclear operations, the report said.The push comes as Japan's nuclear sector faces a shrinking skilled labor pool despite rising demand linked to AI-driven electricity consumption and renewed government support for nuclear power, according to the report.Shares of IHI jumped nearly 6%, while those of Mitsubishi Heavy fell almost 2% in recent trade in Japan.(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.)

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International

Market Chatter: Japan Policy Shift on Arms Exports to Drive Capacity Push

Japan has relaxed restrictions on defense equipment exports, paving the way for overseas sales and prompting companies, including IHI (TYO:7013) and Mitsubishi Heavy Industries (TYO:7011), to expand capacity, Nikkei reported Tuesday.The changes, cleared by the cabinet of Prime Minister Sanae Takaichi, remove limits that confined shipments to noncombat roles, according to the report.Manufacturers are stepping up investment as global demand rises, particularly for missiles and air defense systems. Japanese companies are also seeking to fill supply gaps faced by the U.S. and other producers amid heightened geopolitical tensions, the report said.The shift signals stronger growth prospects for the sector, though constraints around labor, supply chains and limited combat track records remain, 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.)

Nikkei 225TYO:7011TYO:7013
Asia

IHI to Book About 39.3 Billion Yen Gain From Asset Sale in Tokyo

IHI (TYO:7013) said it will transfer non-current assets in Tokyo, expecting a gain of about 39.3 billion yen, according to a Monday filing on the Tokyo Stock Exchange.The assets include interests in land and buildings in Koto ward, with the transfer aimed at improving capital efficiency and funding growth investments.The company expects to record the gain as other income on a consolidated basis and as extraordinary income in non-consolidated results for the fiscal year ending March 2027.

TYO:7013
Asia

Market Chatter: Japan, EU Firms Deepen Defense Ties as Geopolitical Risks Rise

Japanese and European companies plan to join a new framework linking the two sides' defense industries, as geopolitical tensions drive efforts to secure supply chains, Nikkei reported Thursday.The initiative will be discussed at the first Japan-EU defense industry dialogue on Friday, with nearly 20 European participants including Airbus, Thales, Dassault Systemes, Leonardo, Saab and PGZ, alongside about 30 Japanese companies and organizations such as Subaru (TYO:7270), Hitachi (TYO:6501), IHI (TYO:7013), Mitsubishi Corp. (TYO:8058) and Sumitomo Corp (TYO:8053), according to the report.European officials are seeking collaboration with Japanese firms on dual-use technologies and other capabilities to reinforce regional supply chains, while Japanese companies view Europe as a gateway for global expansion, the report said.The talks come as the EU looks to reduce reliance on the U.S. for security and expand partnerships, while Japan positions defense as a key growth sector and aims to access European funding frameworks, 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.)

Nikkei 225TYO:6501TYO:7013TYO:7270TYO:8053TYO:8058