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TYO:8001

33 stories mentioning TYO:8001Updated 9d ago

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Asia

Market Chatter: Berkshire Eyes Larger Stakes in Japan Trading Houses, Says CEO

Berkshire Hathaway plans to expand its holdings in Japan's five largest trading houses while also seeking more joint ventures and M&A deals globally, Nikkei Asia reported Friday, citing CEO Greg Abel in an interview.Abel reaffirmed confidence in the trading houses Mitsubishi (TYO:8058), Itochu (TYO:8001), Mitsui (TYO:8031), Sumitomo (TYO:8053), and Marubeni (TYO:8002), 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.)

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Asia

Market Chatter: Berkshire Hathaway Eyes Higher Stakes in Japan's Top Five Trading Houses

Berkshire Hathaway is considering to raise its stakes in Japan's five biggest trading houses, Mitsubishi Corp. (TYO:8058), Itochu (TYO:8001), Mitsui & Co. (TYO:8031), Sumitomo Corp. (TYO:8053), and Marubeni (TYO:8002), Nikkei Asia reported Thursday, citing CEO Greg Abel in an exclusive interview.Berkshire, which began investing in the trading firms around 2020, has raised its holdings to more than 10% in each company. Abel said Berkshire also aims to pursue more joint investments and mergers and acquisitions opportunities with the trading houses on a global scale, the report said.Shares of Mitsubishi Corp., Itochu, Mitsui & Co., Sumitomo Corp., and Marubeni added 5%, 3%, 4%, 5%, and 3% in recent trade.(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 Finalizes Tender Offer, Begins 150 Billion Yen On-Market Share Purchases

Itochu (TYO:8001) has finalized its tender offer for its own shares, acquiring 82.7 million shares at 1,813 yen each between Aug. 4 and Sept. 1, according to a Tokyo bourse filing on Wednesday.The total tender offer acquisition price will be deducted from the 300 billion yen authorized share repurchase program, leaving 150 billion yen for subsequent market purchases commencing today.The tender offer was oversubscribed, with 83.4 million shares tendered, requiring pro-rata allocation that resulted in a small shortfall that was corrected by awarding additional units to the largest tendering shareholders.Settlement for the tender offer begins Sept. 28, with cash payments subject to applicable withholding taxes on deemed dividend income for individual and corporate shareholders.The overall repurchase program, covering up to 190 million shares, runs through Jan. 29, 2027, with Daiwa Securities acting as the tender offer agent.

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Asia

Itochu to Proceed With Privatization Offer for Dentsu Soken

Itochu (TYO:8001) has decided to proceed with a tender offer that will take consulting and solution development company Dentsu Soken (TYO:4812) private, according to Tokyo bourse filings on Monday.Itochu determined and agreed to the terms of the tender offer on Friday, but reaffirmed its position after confirming the interpretation of some provisions in the agreements with Dentsu Soken.The offer's purchase price amounts to 2,880 yen per share for about 9.3 million shares.VIC, an entity formed by Itochu, will acquire a 38.22% stake in Dentsu Soken, with the remaining shares to be retained by Dentsu Group (TYO:4324).The tender offer will begin in early November, subject to approval from competition regulators in Japan, China and the European Union.Following the tender offer, Dentsu Soken will delist from the Tokyo Stock Exchange and become a joint venture between Dentsu Group and VIC.Dentsu Soken extended its support for the offer and recommended that shareholders tender their shares.Dentsu Soken and Itochu Techno-Solutions will also sign a business alliance agreement, while Dentsu Inc. has entered into business alliance deals with Itochu Group companies Data One and Gate One.Shares of Dentsu Soken fell 2% in recent trade

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Itochu Bids to Take Dentsu Soken Private in Joint Deal with Dentsu Group
US Markets

Itochu Bids to Take Dentsu Soken Private in Joint Deal with Dentsu Group

Japanese trading house Itochu (TYO:8001) proposed to acquire a significant stake in technology services and consulting company Dentsu Soken (TYO:4812) at 2,880 yen per share, the Dentsu Group (TYO:4324) unit said in a Friday disclosure to the Tokyo exchange.Shares in Dentsu Soken jumped 6% after the midday break on Friday following its confirmation of support of Itochu's offer that came after Nikkei first reported on the offer.The offer comes as Dentsu Soken has faced criticism over its parent-subsidiary dual-listing setup, according to Nikkei.Itochu reportedly plans to purchase a 38.2% stake in Dentsu Soken for about 250 billion yen. Dentsu Group, which holds 61.8% of Dentsu Soken, will delist the IT services and consulting unit post-transaction, according to Nikkei.Itochu made the offer through its subsidiary to acquire Dentsu Soken shares not already owned by Dentsu Group.Both companies will discuss the matter during board meetings on Friday and will announce the offer formally once approved, they said in separate releases.

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Asia

Dentsu Soken Backs Itochu's Privatization Offer; Shares Jump 5%

Dentsu Soken (TYO:4812) has received a formal tender offer proposal from Itochu (TYO:8001) to acquire shares held by minority investors at 2,880 yen each and take the company private.The company issued a statement on Friday, confirming an earlier Nikkei report that it received an offer from Itochu. The report said Itochu plans to acquire a 38.2% stake in the IT services provider for 250 billion yen and take it private alongside parent company Dentsu Group (TYO:4324), which will retain a 61.8% stake.Dentsu Soken said it supports the offer and recommends that shareholders tender their shares.Shares of Dentsu Soken rose 5% in recent trade.

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Asia

Update: Dentsu Board to Decide on Soken Privatization After Reported Itochu Acquisition

(Updates to add Dentsu Soken's ticker)Dentsu Group (TYO:4324) said its board of directors will meet Friday to decide on matters related to its system developer unit, Dentsu Soken (TYO:4812), with a formal announcement to follow.The move is in response to a Nikkei report that trading house Itochu (TYO:8001) plans to acquire a 38.2% stake in Dentsu Soken for about 250 billion yen and subsequently take it private.Dentsu acknowledged the report in a stock exchange filing Friday, but clarified that no official decision had been released by the company prior to the media coverage.

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Asia

Dentsu Board to Decide on Soken Privatization After Reported Itochu Acquisition

Dentsu Group (TYO:4324) said its board of directors will meet Friday to decide on matters related to its system developer unit, Dentsu Soken, with a formal announcement to follow.The move is in response to a Nikkei report that trading house Itochu (TYO:8001) plans to acquire a 38.2% stake in Dentsu Soken for about 250 billion yen and subsequently take it private.Dentsu acknowledged the report in a stock exchange filing Friday, but clarified that no official decision had been released by the company prior to the media coverage.

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Asia

Market Chatter: Itochu to Invest in Approximately 10 Data Centers in Japan

Itochu (TYO:8001) will allocate several hundred billion yen for the construction of around 10 data center facilities across Japan by 2030, leasing them to tech firms before selling them later to third parties, Nikkei Asia reported Thursday.The data centers, which will be located in areas such as the Tokyo metropolitan area, the greater Osaka region and Kyushu, will have about 50 megawatts each of power capacities and will be part of the trading house's real estate segment.Shares of the company rose more than 3% in Friday's afternoon trading.Itochu did not immediately respond to' request for comment.(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

K-One Technology Unit to Dispose of Cloud Unit to Itochu

K-One Technology (KLSE:K1) subsidiary, K2 Meta, signed a conditional sale and purchase agreement to dispose of its entire stake in G-AsiaPacific to Itochu Singapore and Itochu Corp. (TYO:8001) for 94 million ringgit, according to a Tuesday Bursa Malaysia filing.Itochu Singapore will acquire 600,000 shares for 56.4 million ringgit, while Itochu Corp. will acquire 400,000 shares for 37.6 million ringgit.Following the transaction, which is expected to conclude by the fourth quarter of the year, G-AsiaPacific will cease to be the electronics manufacturing services company's subsidiary.

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Asia

Tokyo Century to Raise 12 Billion Yen Through Bond-Type Class Share Issuance

Tokyo Century (TYO:8439) has resolved to issue 1st through 3rd Series Bond-Type Class Shares via third-party allotment, raising a total of 12 billion yen.Of the total, 10 billion yen will be raised from Itochu (TYO:8001) and 2 billion yen from The Norinchukin Bank with payment scheduled for Sept. 18.The non-voting shares carry a preferred dividend of 3.800% per annum through fiscal 2032, stepping up to the 1-year JGB yield plus 1.8% thereafter, and feature call options exercisable after five or more years, according to a Tokyo bourse filing on Monday.Proceeds of about 11.9 billion yen will be allocated to grid-scale storage battery facilities as part of Tokyo Century's growth investments plan exceeding 2 trillion yen.Simultaneously, the company will reduce capital stock and capital reserve by 6 billion yen each, transferring the amounts to other capital surplus, with no dilution impact on common shareholders as the shares lack conversion rights.

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Asia

Itochu to Acquire 50% Stake in TC Skyward Aviation

Itochu (TYO:8001) has resolved to acquire a 50% equity interest in TC Skyward Aviation from Tokyo Century (TYO:8439) for $1.95 billion, making the aircraft leasing platform a jointly managed venture.The transaction will give Itochu shared control over Aviation Capital Group (ACG), a U.S.-based aircraft lessor with over $13.7 billion in total assets, according to a Tokyo bourse filing on Monday.In conjunction with the stake acquisition, Itochu will subscribe to 40 million bond-type class shares issued by Tokyo Century for 10 billion yen to strengthen Tokyo Century's financial base.The deal, expected to close by November, is classified as a related-party transaction but will be conducted on fair terms with independent oversight.The financial impact has already been reflected in Itochu's profit forecast of 950 billion yen for the fiscal year ending March 2027.

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Asia

Itochu to Launch 300 Billion Yen Share Buyback Program via Tender Offer, Market Purchases

Itochu (TYO:8001) said it will launch a 300 billion yen buyback program, repurchasing up to 190 million common shares, according to a Tokyo Stock Exchange filing on Monday.The buyback will cover a 150 billion yen tender offer, with the remaining amount to be used to acquire shares through market purchases on the Tokyo Stock Exchange.The trading house said that the shares will be repurchased between Aug. 4, 2026, and Jan. 29, 2027, and the repurchases represent 2.7% of its issued share capital, excluding treasury stock.

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Itochu's Quarterly Profit Climbs as Machinery, Metals Units Lift Associate Income
US Markets

Itochu's Quarterly Profit Climbs as Machinery, Metals Units Lift Associate Income

Itochu (TYO:8001) reported higher attributable profit in the first fiscal quarter, as stronger earnings from associates and joint ventures offset lower gains from asset sales.The attributable profit rose 3.5% to 293.8 billion yen in the three months ended June 30 from 283.9 billion yen a year earlier, according to the company's earnings release on Monday.Basic earnings per share attributable to Itochu increased to 42.02 yen from 40.10 yen.Revenue increased 8.9% to 3.88 trillion yen from 3.56 trillion yen.Itochu said revenue growth was driven by its energy & chemicals, metals & minerals, ICT & financial business, machinery, and general products & realty segments.Equity in earnings of associates and joint ventures jumped 75% to 111.6 billion yen, supported by stronger contributions from the machinery, metals & minerals, food, and general products & realty businesses.The prior-year quarter benefited from gains on the sales of C.P. Pokphand and Provence Hulies, while the latest quarter included a gain from the sale of CIECO Azer.Itochu said profit was partly weighed down by an "increase in personnel expenses" and the "depreciation of the yen."It forecast a full-year profit attributable to owners of the parent of 950 billion yen, up 5.5% from the previous fiscal year, and basic earnings per share of 136.75 yen.The company also announced a share buyback of up to 300 billion yen, saying it remains committed to returning capital to shareholders while maintaining efficient capital management.

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Asia

Itochu's Attributable Net Profit Rises Nearly 4% in Fiscal Q1

ITOCHU (TYO:8001) posted a 3.5% year-over-year rise in attributable net profit for the fiscal first quarter to 293.8 billion yen from 283.9 billion yen.Basic EPS was 42.02 yen, compared with 40.10 yen a year earlier, according to a Tokyo bourse filing on Monday.Revenue grew 8.9% to 3.876 trillion yen from 3.559 trillion yen for the three months ended June 30.For the fiscal year ending March 31, 2027, the company expects attributable net profit of 950 billion yen and basic EPS of 136.75 yen.The company plans to pay interim and year-end dividends of 22 yen per share each for the current fiscal year.

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Asia

Tokyo Century Denies Nikkei Report on Itochu Stake in Aviation Capital

Tokyo Century (TYO:8439) said that a Nikkei report stating that it and Itochu (TYO:8001) will each hold a 50% stake in Aviation Capital Group was not based on a company announcement, according to a Monday release.The Japanese financial services company said that Aviation Capital remains its wholly owned subsidiary and added that the matter will be discussed at its board meeting the same day.

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Asia

Itochu Confirms Talks to Invest in Tokyo Century's Aviation Capital Group

Itochu (TYO:8001) confirms it is considering an investment in Aviation Capital Group, a US subsidiary of Tokyo Century (TYO:8439), though no final decisions have been made.The trading house acknowledged a recent Nikkei report regarding the potential transaction, noting that the matter is slated for discussion at its board meeting Monday, according to a Tokyo Stock Exchange filing the same day.Itochu's shares fell nearly 3%, while Tokyo Century dropped more than 4% in recent trade on Monday.

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Asia

Update: Market Chatter: Itochu Said to Buy 50% Stake in Tokyo Century's Aviation Capital Group

(Updates last paragraph to add statement from Itochu)Itochu (TYO:8001) and Tokyo Century (TYO:8439) are believed to be in talks for equal ownership of US aircraft lessor Aviation Capital Group, Nikkei Asia reported Friday.Specifically, Tokyo Century is reportedly planning to sell a 50% stake in Aviation Capital, which it wholly owns since 2019, to the Japanese trading house for a 300 billion-yen investment.Itochu toldthat it has not made any decisions yet, while Aviation Capital Group and Tokyo Century did not immediately respond to requests for comment.(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 Said to Buy 50% Stake in Tokyo Century's Aviation Capital Group

Itochu (TYO:8001) and Tokyo Century (TYO:8439) are believed to be in talks for equal ownership of US aircraft lessor Aviation Capital Group, Nikkei Asia reported Friday.Specifically, Tokyo Century is reportedly planning to sell a 50% stake in Aviation Capital, which it wholly owns since 2019, to the Japanese trading house for a 300 billion-yen investment.Itochu, Aviation Capital Group and Tokyo Century did not immediately respond to requests for comment from.(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 Unit FamilyMart Launches New Concept Store in Japan

Trading conglomerate Itochu's (TYO:8001) convenience store unit FamilyMart Co launched its first new concept convenience store, Famima Park Azabudai, in Tokyo as part of its rebranding plan to widen its clientele in Japan, The Asahi Shimbun reported Monday.The new concept store covers 217 square meters, 1.5 times the space of a typical convenience store, featuring a dedicated apparel section showcasing about 300 items under the company's 'Convenience Wear' brand.(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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