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TYO:8001

10 stories mentioning TYO:8001

Every FINWIRES story that references TYO:8001, newest first.

Asia

Market Chatter: Mitsui Eyes LNG Investments in Middle East, US, Australia Amid Surging Data Center Power Demand

Mitsui & Co (TYO:8031) plans to expand its liquefied natural gas investments across the Middle East, the U.S., and Australia, as the Japanese trading giant responds to surging electricity demand from data centers worldwide, Bloomberg News reported on Friday, citing CEO Kenichi Hori.Hori told Bloomberg News that the company is actively seeking growth opportunities in LNG and gas-based chemicals, whether through equity stakes or long-term offtake agreements.He noted that businesses searching for cleaner energy to support artificial intelligence infrastructure are generating significant new demand for LNG, the news wire said.As one of Japan's five major trading houses backed by Warren Buffett, alongside Mitsubishi (TYO:8058), Sumitomo (TYO:8053), Itochu (TYO:8001), and Marubeni, Mitsui has benefited from strong commodity prices and a weaker yen across its global energy and metals operations, the publication 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:8001TYO:8031TYO:8053TYO:8058
Asia

WELLNEO SUGAR to Absorb Subsidiary via Merger

WELLNEO SUGAR (TYO:2117) has formally decided to execute an absorption-type merger with its wholly owned subsidiary, Toyo Sugar Refining, according to a filing with the Tokyo bourse on Friday.The transaction is expected to take effect on Oct. 1, with WELLNEO SUGAR becoming the surviving entity.The company counts ITOCHU (TYO:8001) and Sumitomo (TYO:8053) as its major shareholders.

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Asia

Market Chatter: Itochu Unit to Take Over SunMed's Japan Sales Operations as Weak Yen Hits Profits

Itochu's (TYO:8001) subsidiary, Century Medical, is taking over the Japan sales and logistics operations of U.S. medical equipment maker SunMed Group, Bloomberg News reported on Wednesday.SunMed has struggled with profitability in the country due to the weak yen and inflationary pressures, the news wire said, citing sources familiar with the matter.Century Medical will handle sales, delivery, inventory management, and other logistics for SunMed products, including closed suction catheters in Japan, the publication said.SunMed does business in Japan under the AirLife brand following a 2023 rebranding, the report said.The transaction, expected to be completed as early as July, involves no capital movement; an AirLife spokesperson confirmed the deal without elaborating, it added.Itochu did not reply to MTNewswire's queries at press time.(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:8001
Asia

Market Chatter: Itochu Eyes 40% Stake in US Licensing Startup Octas to Tap Anime Merchandise Demand

Itochu (TYO:8001) is eyeing a 40% stake in Octas, a San Francisco-based startup focused on character licensing, Bloomberg News reported on Friday, citing unnamed sources.After the investment, Octas will license Japanese characters and partner with North American manufacturers and retailers on product development, the publication said, citing people familiar with the private discussions.Itochu has already worked with Octas to bring popular figures like "Opanchu Usagi" to global markets, the report said.The company now plans to use Octas' network of North American producers and stores to build a durable market presence beyond isolated successes, it added.Itochu did not reply to MTNewswire's query at press time.(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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Asia

Market Chatter: Itochu to Invest 1.5 Trillion Yen for Market Capitalization Boost

Itochu (TYO:8001) will allocate 1.5 trillion yen for the improvement of its market capitalization and the maintenance of its leading position among trading companies in Japan, Nikkei Asia reported Tuesday.Chairman and CEO Masahiro Okafuji said the company is on track to claim the "triple crown" among the country's trading houses after reaching record profit for the second consecutive year, according to the report.A trading house achieves "triple crown" after ranking first across net profit, market return on equity, and market capitalization, the report said.The company's profit attributable to owners of the parent grew 2.3% annually to about 900.3 billion yen in fiscal year 2025, which the report said is the largest in the sector.The company also posted the highest return on equity at 14.6%, the report said.The increased investment plan looks to regain the market capitalization lead that the company had earlier this year, and which it had lost to Mitsui & Co. (TYO:8031) and Mitsubishi (TYO:8058), 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.)

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Asia

Itochu's Profit Edges Up 2.3% in Fiscal Year 2025

Itochu's (TYO:8001) profit attributable to owners of the parent rose 2.3% to 900.3 billion yen in fiscal year 2025 from 880.3 billion yen a year earlier.The general trading company's basic earnings per share increased to 128 yen from 123.13 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales gained 0.7% to 14.8 trillion yen in the year ended March 31 from 14.7 trillion yen in the prior year.Itochu declared a final dividend of 22 yen per share, payable from June 22.For fiscal year 2026, the company expects attributable profit of 950 billion yen and basic EPS of 136.75 yen.Itochu plans to pay interim and year-end dividends of 22 yen per share each for the year, which is higher than the amount paid in the year-ago period on a post-share-split basis.

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Asia

Itochu to Take Itochu-Shokuhin Private After Tender Offer Completion

Itochu (TYO:8001) will acquire the remaining shares of Itochu-Shokuhin (TYO:2692) it does not yet own at 13,000 yen per share, with the target set to delist next month, according to a Tuesday filing on the Tokyo Stock Exchange.Itochu holds about 90% of voting rights following a tender offer and will squeeze out minority shareholders to take Itochu-Shokuhin private.The shares will be delisted on May 19 after the last trading day on May 18.

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Asia

Market Chatter: Japan Retailers Step Up Cost Cuts as Energy Prices Rise

Japanese retailers are tightening operations to manage rising fuel and electricity costs, even as the government works to secure energy supplies, Nikkei reported Thursday.Itochu (TYO:8001) unit FamilyMart is weighing a reduction in store deliveries to cut transport expenses, while Lawson plans a gradual shift to hybrid and electric vehicles. Both chains are also investing in energy-efficient equipment to limit cost pressures, according to the report.Aeon (TYO:8267) is bringing forward investments in solar panels and efficient air-conditioning, and accelerating a transition to lower-power refrigeration systems across stores, the report said.The moves come as utilities prepare to pass on higher fuel costs to electricity bills from June, alongside seasonal demand for cooling. Government fuel subsidies have offered some relief, but their duration remains uncertain, 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.)

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Asia

Larsen & Toubro Arm Signs Pact to Partner With Japan's ITOCHU

L&T Energy GreenTech, wholly-owned subsidiary Larsen & Toubro (NSE:LT, BOM:500510), signed a long-term partnership with ITOCHU Corp. (TYO: 8001), according to a Wednesday filing to the Indian stock exchanges.Under the partnership, L&T Energy will supply ITOCHU 300,000 tons of green ammonia per annum from its proposed production facility at Kandla, Gujarat, in India, on a captive long-term take-or-pay basis.ITOCHU will use the green ammonia supplied from Kandla to support its expanding green bunkering operations in Singapore and other locations.The company's shares were down nearly 1% in recent trade.

BOM:500510NSE:LTTYO:8001
Asia

Itochu Completes Additional Stake Deal in Hitachi Construction Machinery

Itochu (TYO:8001) said it has completed the additional acquisition of shares in Hitachi Construction Machinery (TYO:6305) following regulatory approvals, according to a Wednesday filing on the Tokyo Stock Exchange.The transaction involved HCJI acquiring shares held by HCJ Holdings, with the treasury share acquisition priced at 134.1 billion yen.

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