TYO:7988

4 stories mentioning TYO:7988Updated 13d ago

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Japanese Stocks Close Marginally Lower On Renewed US-Iran Hostilities; Oil Climbs

Japanese stocks closed marginally lower on Monday as fresh hostilities broke out in the Middle East after the US resumed attacks on key installations in Iran, prompting Iranian retaliation, and investors raised expectations over a rate hike.The benchmark Nikkei 225 closed down 93.63 points, or 0.14%, at 66,311.93.Oil prices climbed after the US escalated attacks on the Iranian oil terminal and President Donald Trump claimed that the terminal was "blown to smithereens," igniting hostilities and putting negotiations over the opening of the Strait of Hormuz on the back burner.On the corporate side, Nifco (TYO:7988) said it will launch a 40 billion yen buyback to repurchase up to 8.3 million common shares, or 8.88% of its issued shares excluding treasury stock, according to a Tokyo Stock Exchange filing on Monday.Also, Tokyo Gas (TYO:9531) said it plans to transfer part of its service business for industrial customers to its wholly owned subsidiary Tokyo Gas Engineering Solutions Corp. through an absorption-type company split, effective April 1, 2027.

Nikkei 225TYO:7988TYO:9531

Asia14d ago

Nifco to Launch 40 Billion Yen Share Buyback

Nifco (TYO:7988) said it will launch a 40 billion yen buyback to repurchase up to 8.3 million common shares, or 8.88% of its issued shares excluding treasury stock, according to a Tokyo Stock Exchange filing on Monday.The Japan-based manufacturer said that the buyback, to be conducted between Sept. 1 and Sept. 18, will be conducted through the Tokyo Stock Exchange's ToSTNeT-3 off-auction system and market purchases under a discretionary investment agreement.The buyback is aimed at enhancing shareholder returns and improving capital efficiency, with the repurchased shares currently intended to be cancelled.

TYO:7988

Asia149d ago

Japanese Shares Slip as Inflation Pressures, Middle East Tensions Weigh

Japanese shares closed lower on Friday, weighed by concerns over rising inflation after a Reuters poll showed Japan's core consumer prices likely edged up in March on higher energy costs linked to the Middle East conflict.The Nikkei 225 fell 1.8%, or 1,042.44 points, to close at 58,475.90.Japan's core CPI is seen rising 1.8% in March from a year earlier, up from 1.6% but below the Bank of Japan's 2% target for a second straight month, a Reuters poll showed.Higher oil prices tied to Middle East tensions and a weak yen are expected to keep inflation pressure intact, though utility relief measures may offset some gains.Japan imports about 95% of its oil from the Middle East. Bank of Japan Governor Kazuo Ueda signalled no urgency to raise rates, suggesting policy may stay unchanged until at least June.On the corporate front, CCI Group (TYO:7381) fell 2% after its unit Hokkoku Bank booked 6.56 billion yen in unrealized losses on held-to-maturity securities.Nifco (TYO:7988) rose 1% after saying it will record about 7.64 billion yen in dividend income from subsidiary Nifco Korea. Marubeni (TYO:8002) declined 3% after its unit SmartestEnergy acquired an 85% stake in Factor Energia for 204 million euros.

Nikkei 225TYO:7381TYO:7988TYO:8002

Asia150d ago

Nifco to Book 7.6 Billion Yen Dividend Income from Korean Unit

Nifco (TYO:7988) said it will record about 7.64 billion yen in dividend income from its consolidated subsidiary in its non-consolidated financial statements for the fiscal year ended March 2026, according to a Friday filing on the Tokyo Stock Exchange.The company said the dividend will be paid by Nifco Korea, with receipt expected by April 30. Nifco said the dividend will be booked as non-operating income in its non-consolidated results.

TYO:7988

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