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TYO:8002

11 stories mentioning TYO:8002Updated 36d ago

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Asia

Japanese Shares Extend Selloff, Tracking Wall Street-Led Tech Losses

Japanese shares closed lower for the second straight session after a choppy trading session on Wednesday, tracking the weak trade on Wall Street amid tech losses.The benchmark Nikkei 225 closed lower by 613.41 points or 0.88% at 69,174.97 on Wednesday.Driven by conflicting reports, investors are also cautious of the durability of the peace accord between Iran and the US.Markets are also closely watching the movement of the yen, which is near a 40-year low, for a potential intervention to stabilize the currency.On the corporate side, Toyota Motor (TYO:7203) will slash production outside Japan by about 100,000 units by around February 2027 as the de facto closure of the Strait of Hormuz affects demand overseas, Nikkei Asia reported Wednesday. It also plans to cut electric vehicle production for China.Elsewhere, Marubeni (TYO:8002) has completed its share buyback program after repurchasing a total of 11,766,800 shares, according to a Wednesday filing on the Tokyo Stock Exchange.

Nikkei 225TYO:7203TYO:8002
Asia

Marubeni Completes 60 Billion Yen Share Buyback

Marubeni (TYO:8002) has completed its share buyback program after repurchasing a total of 11,766,800 shares, according to a Wednesday filing on the Tokyo Stock Exchange.The Japan-based business conglomerate said its latest tranche, executed between June 1 and June 23, accounted for 37.53 billion yen to buy back about 7.7 million shares.The buyback program had set an upper limit of 60 billion yen or 20 million shares, equivalent to 1.2% of outstanding shares, excluding treasury stock, was to be completed between Feb. 5, 2026, and Jan. 29, 2027.

TYO:8002
Asia

Japanese Shares Recoup Early Losses as Investors Await US Fed Policy, Middle East Developments

Japanese shares recovered from early-session losses to close higher on Wednesday as investors positioned themselves ahead of the US Federal Reserve's decision on interest rates and monitored progress of the US-Iran conflict.The Nikkei 225 finished the day up 497.75 points or 0.72% at 69,902.25.Investors are awaiting the US Fed Chairman Kevin Warsh's comments on inflation, unemployment, and the economic outlook at his first post-Federal Open Market Committee press conference later in the day.On the economic front, Japan incurred a trade deficit of 378.7 billion yen in May, versus a revised trade surplus of 299.3 billion yen in April, according to preliminary data released by Japan Customs on Wednesday.The country's core machinery orders, which exclude volatile sectors such as ships and electric power, increased 8.7% month on month on a seasonally adjusted basis in April, according to data from the Cabinet Office released on Wednesday.On the corporate side, TBS Holdings (TYO:9401) repurchased 2.7 million shares for 16.82 billion yen through the Tokyo Stock Exchange's treasury share repurchase trading system on Wednesday, according to a filing on the Tokyo Stock Exchange.Also, Marubeni (TYO:8002) acquired EagleRidge Energy II, securing a production footprint in the Barnett Shale near Dallas, one of the largest metropolitan areas in the U.S, at an undisclosed value, according to a company statement on Wednesday.

Nikkei 225TYO:8002TYO:9401
Asia

Marubeni Acquires US Gas Developer EagleRidge

Marubeni (TYO:8002) acquired EagleRidge Energy II, securing a production footprint in the Barnett Shale near Dallas, one of the largest metropolitan areas in the U.S, at an undisclosed value, according to a company statement on Wednesday.The strategic location offers access to regional demand within Texas and LNG export terminals along the Gulf of Mexico, where rising energy consumption from AI-driven data centers is expected to boost natural gas demand.The acquisition delivers a production capacity of approximately 170 MMcfe per day, equivalent to 1.3 million tons of LNG annually or the capacity of about 19 LNG carriers.

TYO:8002
Asia

Marubeni Acquires Okinawa Tourist Service to Enter Japan's Growing Tourism Sector

General trading conglomerate Marubeni (TYO:8002) has acquired a stake in Okinawa Tourist Service (OTS) at an undisclosed price, making the travel agency and rental car operator a subsidiary.Through this investment, Marubeni will make a full-scale entry into the tourism business and aim to build a platform in the sector, according to a statement on Tuesday.Japan's inbound tourism is projected to grow at approximately 9.5% annually, with the government targeting 60 million visitors by 2030.Okinawa, specifically, benefits from convenient access to a 2-billion-strength Asian market and set a record for tourist numbers in 2025, read the statement.Leveraging OTS's network of 600 local partners and 200,000 annual inbound customers, Marubeni will apply its fleet management and digital transformation skill to drive revenue growth and pursue further acquisition.

TYO:8002
Asia

Mitsubishi Materials to Integrate Copper Concentrate Business Into Pan Pacific Copper via Company Split

Mitsubishi Materials (TYO:5711) has entered a final agreement to integrate its business related to the purchase of copper concentrates and the sale of related products into Pan Pacific Copper (PPC), a joint venture among JX Advanced Metals (TYO:5016), Mitsui Kinzoku (TYO:5706) and Marubeni (TYO:8002).The integration will be implemented through a two-step absorption-type company split, under which PPC will establish a new wholly owned subsidiary to receive the business, with the transaction scheduled to take effect on Oct. 1, subject to regulatory approvals.Following the integration, Mitsubishi Materials will hold a 32% stake in PPC, and PPC will become an equity-method affiliate of the company, according to a Tokyo bourse filing on Thursday.The company's board of directors resolved to proceed with the integration on May 28, 2026, following a basic agreement announced in November 2025.

TYO:5016TYO:5706TYO:5711TYO:8002
Asia

Japan Stocks Gain on Intervention Signals, Yen Rebounds

Japanese shares closed higher on Friday, with sentiment supported after Tokyo signaled readiness to step into currency markets to curb volatility driven by speculative moves in crude-linked trades.The Nikkei 225 rose 0.38%, or 228.20 points, to close at 59,513.12.Atsushi Mimura, Japan's vice finance minister for international affairs, said authorities stand ready to respond to market distortions linked to speculative trading in crude oil futures.Japan moved into the currency market on Thursday to support the yen, according to people familiar with the matter, with U.S. officials alerted in advance in line with Group of Seven practices. The yen traded around 157.19 per dollar in Tokyo on Friday morning, after strengthening to 155.57 the previous day from an intraday low near 160.72.In other economic news, Tokyo core inflation slowed to 1.5% in April, marking a fifth straight deceleration and staying below the Bank of Japan's 2% target, while a key underlying gauge eased to 1.9%.Japan's consumer confidence index fell 1.1 points to 32.2 in April, with weaker sentiment on spending and livelihoods, even as 93.6% of households expected prices to rise over the next year.On the corporate front, Marubeni (TYO:8002) fell 4% after reporting an 8.1% rise in annual profit to 543.85 billion yen and forecasting 580 billion yen for the current year.Makino Milling Machine (TYO:6135) rose 5% after MM Holdings dropped its takeover bid following a government recommendation citing national security concerns.Air Water (TYO:4088) slid 14% after the Tokyo Stock Exchange designated its shares as a security on alert and imposed a listing rule violation penalty.

Nikkei 225TYO:4088TYO:6135TYO:8002
Asia

Marubeni's Full-Year Profit Increases 8.1%

Marubeni's (TYO:8002) profit attributable to owners of the parent rose 8.1% to 543.85 billion yen for the fiscal year ended March 31 from 503.00 billion yen a year earlier.The general trading conglomerate's earnings per share increased to 330.09 yen from 302.51 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue increased 6.1% to 8.266 trillion yen from 7.79 trillion yen in the prior year.The company declared a final dividend of 57.50 yen per share, payable from June 1.For the fiscal year ending March 31, 2027, the company expects attributable profit of 580 billion yen and basic EPS of 354.67 yen.Marubeni plans to pay interim and year-end dividends of 57.50 yen per share each for the year, which is higher than the year-ago period.

TYO:8002
Asia

Market Chatter: Marubeni Rolls Out AI Power-Saving Service With Multiverse Computing

Marubeni (TYO:8002) has started a service with Multiverse Computing to cut data center power use for generative AI by up to 80% by simplifying processing, Nikkei reported Friday.The technology compresses large language models, easing GPU load and cooling needs without hurting performance, according to the report.Multiverse, founded in 2019, has deployed the system in Europe, including at Telefonica, where power use fell 75% and speed improved, the report said.Marubeni plans to market it in Japan to sectors such as finance and pharma as AI-driven power demand rises, 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.)

TYO:8002
Asia

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
Asia

Marubeni Subdiary Acquires 85% Stake in Spain's Factorenergia for EUR204 Million

Marubeni (TYO:8002), through its SmartestEnergy subsidiary, has acquired a majority stake in Factor Energia for 204 million euros, strengthening its presence in the Iberian Peninsula and Latin America.Following the deal, SmartestEnergy holds an 85% share in the business, while founder Emili Rousaud retains 15%, continues as CEO, and joins SmartestEnergy's executive committee, according to a statement on Thursday.The acquisition of Factorenergia is a key step in the expansion of this division and contributes to the achievement of Marubeni's GC2027 medium-term management strategy and growth objectives.Founded in 1999 and based in Barcelona, Factorenergia is an independent electricity and gas retailer in Spain, serving over 300,000 customers with products that support decarbonization, such as solar installations and EV charging points. The company has expanded internationally with subsidiaries in Portugal, Mexico, Chile, and Brazil.

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