TYO:7832

4 stories mentioning TYO:7832

Every FINWIRES story that references TYO:7832, newest first.

Market Chatter: Nintendo Shares Jump as AI Valuation Worries Drive Investors to Alternatives

Nintendo (TYO:7974) experienced its largest stock gain in two months on Tuesday, climbing as much as 6.8% in Tokyo for a third consecutive day of increase, Bloomberg News reported Tuesday.The rally extended to other Japanese gaming companies, with Bandai Namco (TYO:7832) and Konami (TYO:9766) both rising more than 9% on the same day, as concerns over excessive valuations in the artificial intelligence sector prompted investors to seek cheaper alternatives elsewhere, the news wire reported.The rebound follows months of challenges for the sector, including a memory chip shortage that raised worries about potential harm to hardware sales, the report said.Japan remains a hub of valuable intellectual property in gaming, led by Nintendo's popular franchises, with rival Sony (TYO:6758) recently shifting its strategy toward leveraging IP across music, film, and other entertainment formats, 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:6758TYO:7832TYO:7974TYO:9766

Asia33d ago

Japan Shares Rise on BOJ Rate Hike Expectations

Japanese shares ended higher on Wednesday after the OECD projected the Bank of Japan's (BOJ) policy rate could rise to 2% by the end of 2027, reinforcing expectations of a sustained monetary-tightening cycle.The Nikkei 225 rose 0.8%, or 529.54 points, to close at 63,272.11.The OECD said the Japanese central bank's policy rate remains near the low end of the economy's neutral range and urged gradual rate hikes as inflation stays around 2% and demand continues to outpace supply.OECD Secretary-General Mathias Cormann said the pace of policy normalization could accelerate as Japan's economic equilibrium becomes clearer, though he said the BOJ was not yet "behind the curve."The OECD projected the BOJ's policy rate could reach 2% by end-2027 as the central bank continues unwinding monetary easing toward a neutral rate estimated at 1.1% to 2.5%.In economic news, Japan's current account surplus widened 29.1% year over year to 4.682 trillion yen in March, driven by higher primary income and a wider goods surplus.Japan's bank lending growth accelerated to 5.4% year over year in April, led by solid loan expansion at major banks and continued strength at regional lenders.On the corporate front, Bandai Namco (TYO:7832) rose 5% after reporting stronger fiscal 2026 profit and sales growth, driven by robust demand for its Gundam franchise and Toys and Hobby business.Tsugami (TYO:6101) climbed 7% after its China segment profit jumped 39% year over year on stronger revenue growth. Meanwhile, GNI Group (TYO:2160) advanced 9% after its liver fibrosis drug F351 was accepted for regulatory review in China with priority review status.

Nikkei 225TYO:2160TYO:6101TYO:7832

US Markets33d ago

Bandai Namco's Profit Jumps 9% in Fiscal 2026 on Strong Gundam Sales

Bandai Namco (TYO:7832) reported a modest increase in profit in the fiscal year 2026 versus a year earlier, supported by sustained growth in its Toys and Hobby division and strong sales of the Mobile Suit Gundam franchise.Profit attributable to owners rose 8.8% to 140.7 billion Japanese yen from 129.3 billion yen a year earlier, with earnings per share rising to 217.49 yen from 197.88 yen.The Japanese toy company, known for its Gundam, Tekken and Pac-Man franchises, logged an 8.6% year-on-year increase in net sales to 1.348 trillion yen from 1.242 trillion yen, while operating profit climbed 5.2% to 189.5 billion yen from 180.2 billion yen a year ago.Sales were boosted by a 12.9% jump in sales at its Toys and Hobby division to 674 billion yuan. Sales at Bandai Namco's Digital, Visual and Music, Amusement and Other segments posted single-digit increases versus a year ago.Specifically, sales of Mobile Suit Gundam IP within the company's Toys and Hobby business jumped to 106.3 billion yen from 75.7 billion yen a year prior.Bandai Namco Chief Financial Officer Takashi Tsuji told the Nikkei that the company is seeking a sharp rise in sales related to the Mobile Suit Gundam IP ahead of a live-action film currently in development in Hollywood.The company targets up to 300 billion yen in sales of the IP.Bandai Namco's board declared a dividend of 50 yen per share to shareholders on record as of March 31. The payment date is on June 23.For the 2026-2027 fiscal year, the company expects its profit to rise 4.1% year on year to 64 billion yen, or 99.76 yen per share. Revenue, however, is forecast to slip 2.1% to 75.5 billion yen.

TYO:7832

Asia60d ago

Bandai Namco to Cancel 5 Million Treasury Shares

Bandai Namco (TYO:7832) will cancel 5 million treasury shares, or 0.8% of its outstanding shares, as part of capital management measures, according to a Thursday filing on the Tokyo Stock Exchange.The cancellation is scheduled for April 30, and will involve common shares held by the company.Following the move, total issued shares will stand at 645 million, including treasury shares, while treasury stock will be reduced to 3.4 million shares.

TYO:7832