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TYO:8058

19 stories mentioning TYO:8058Updated 13d 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.)

TYO:8001TYO:8002TYO:8031TYO:8053TYO:8058TYO:8766
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

Toyo Tire to End Capital and Business Alliance with Mitsubishi Corp.

Toyo Tire (TYO:5105) has resolved to terminate its capital and business alliance with Mitsubishi Corp. (TYO:8058), effective Aug. 10, according to a Tokyo bourse filing on Friday.The alliance, established in 2018 to strengthen sales, technology, and management capabilities, has achieved its initial objectives, and both companies agreed that Toyo Tire has established a structure for autonomous and sustainable growth.The termination will occur upon the execution of Toyo Tire's treasury share acquisition announced today, which will reduce Mitsubishi Corp.'s ownership below the threshold specified in the alliance agreement.Despite the end of the formal partnership, both companies plan to maintain a good relationship and continue their business activities going forward.

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Asia

Japanese Stocks Fall on AI Spending Recovery Concerns; Oil Falls on Temporary US-Iran Truce

Japanese stocks fell amid deepening investor worries over returns on high levels of artificial intelligence spending, even as the yen gained to a three-month high after coordinated US-Japan intervention to support the Japanese currency.The benchmark Nikkei 225 closed down 607.12 points, or 0.94%, at 63,754.90.Oil prices fell after the US announced a temporary pause in strikes and initiated talks with Iran on reopening the Strait of Hormuz, de-escalating tensions in the Middle East and reviving hopes for a long-term deal.On the corporate side, Mitsubishi Corp. (TYO:8058) posted a 47% year-over-year increase in profit attributable to owners of the parent to 298.52 billion yen for the three months ended June 30 from 203.12 billion yen.Also, Marubeni (TYO:8002) posted a 21% year-over-year rise in attributable profit for the fiscal first quarter to 186.4 billion yen from 154.4 billion yen, according to a Tokyo bourse filing on Monday.

Nikkei 225TYO:8002TYO:8058
Asia

Mitsubishi's Attributable Profit Jumps 47% in Fiscal Q1

Mitsubishi (TYO:8058) posted a 47% year-over-year growth in attributable profit for the fiscal first quarter to 298.5 billion yen from 203.1 billion yen.Attributable profit per share was 81.53 yen, compared with 51.59 yen a year earlier, according to a Tokyo bourse filing on Monday.Revenue rose 23% to 5.181 trillion yen from 4.219 trillion yen for the three months ended June 30.For the fiscal year ending March 31, 2027, the company expects attributable profit of 1.100 trillion yen and attributable profit per share of 300.42 yen.The company plans to pay interim and year-end dividends of 62 and 63 yen per share, respectively, for the current year, which are higher from the year-ago period.Shares of the company fell more than 1% in recent trade.

TYO:8058
Asia

Mitsubishi Profit Rises 47% in Fiscal Q1

Mitsubishi Corp. (TYO:8058) posted a 47% year-over-year increase in profit attributable to owners of the parent to 298.52 billion yen for the three months ended June 30 from 203.12 billion yen.The integrated trading and investment company's profit per share increased to 81.53 yen from 51.59 yen a year ago, according to a Tokyo Stock Exchange filing on Monday.Revenue jumped 22.8% to 5.181 trillion yen from 4.219 trillion yen in the year-ago period.For the fiscal year ending March 31, 2027, the company forecasts an attributable profit of 1.100 trillion yen and profit per share of 300.42 yen.The company plans to pay a second quarter-end dividend of 62 yen per share for the current fiscal year.

TYO:8058
Asia

Market Chatter: Mitsubishi, ADM Team Up to Explore Sustainable Aviation Fuel Production

Mitsubishi (TYO:8058) will join forces with the US-based grain company Archer Daniels Midland (ADM) to explore sustainable aviation fuel production by using soybeans and corn, Nikkei reported on Monday, citing Mitsubishi President Katsuya Nakanishi.The Japanese trading house plans to begin trials with the world's second-largest grain company and is also considering over 100 billion yen investments in food-related businesses, including livestock processing and fertilizers, by 2027, according to the publication.The initiative could also involve Mitsubishi's US grain-trading subsidiary Agrex, covering grain procurement, oil extraction, and SAF production, 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:8058
Asia

Market Chatter: JBIC's US Exposure Surges Fivefold as Japan Prioritizes Economic Security

Japan's state-owned Japan Bank for International Cooperation or JBIC saw U.S. approvals surge over fivefold to 1.31 trillion yen in fiscal 2025, now at 52% of its portfolio, up from 18% a year ago, Nikkei reported on Thursday.The shift from emerging markets reflects Tokyo's push to fortify supply chains amid U.S.-China friction, highlighted by a $3.7 billion loan for Nippon Steel's (TYO:5401) acquisition of U.S. Steel, the news daily said.Other deals back energy and materials procurement, including Mitsubishi Corp.'s (TYO:8058) purchase of a U.S. gas developer and a Mitsui (TYO:8031)-JERA low-carbon ammonia venture, the publication said.JBIC is also financing Japan's $550 billion U.S. investment pledge, having already funded 350 billion yen in first-round projects like a gas power plant and oil port, with more rounds expected, 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.)

Nikkei 225TYO:5401TYO:8031TYO:8058
Asia

Infroneer Completes Swing Acquisition

Infroneer (TYO:5076) has completed its acquisition of all shares of Swing from EBARA(TYO:6361), JGC (TYO:1963), and Mitsubishi (TYO:8058), effective today, making Swing a wholly owned subsidiary.The deal enables an end-to-end water and sewerage business by combining Swing's water treatment expertise with Infroneer's project management and civil engineering capabilities, according to a Tokyo bourse filing on Wednesday.Swing's maintenance sites also support expansion into road and public facility management as part of Infroneer's comprehensive infrastructure services strategy.

TYO:1963TYO:5076TYO:6361TYO:8058
Asia

Japanese Shares Surge to Erase Two Days of Losses on Global AI Optimism

Japanese shares rebounded on Thursday to erase the losses of the last two trading sessions, tracking the overnight gains on Wall Street, which were lifted by a resurgence in mega-cap technology and AI-centric stocks.The benchmark Nikkei 225 closed higher by 3,191.37 points or 4.61% at 72,366.34 on Thursday.Investors cheered the upbeat forecasts from US memory chipmaker Micron Technology and semiconductor designer Qualcomm, which reignited confidence in the artificial intelligence space.Back home, Japan's leading economic index, which gauges economic outlook for the months ahead, rose to 116.1 points in April from 115.4 points in the previous month, according to data from the Cabinet Office on Thursday. The latest print was revised upwards from the preliminary estimate of 115.9.On the corporate side, Mitsubishi (TYO:8058) filed for the listing of $1 billion worth of bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday. The company filed for $500 million worth of 4.625% senior bonds due 2031 and $500 million worth of 5.125% senior bonds due 2036.Also, SoftBank Group's (TYO:9984) artificial intelligence-powered robots have entered the mass production phase, as the company eyes AI business expansion, The Mainichi reported Thursday, quoting group CEO Masayoshi Son

Nikkei 225TYO:8058TYO:9984
Asia

Mitsubishi Files for Singapore Listing of $1 Billion Bonds

Mitsubishi (TYO:8058) filed for the listing of $1 billion worth of bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The Japanese business integrated enterprise filed for $500 million worth of 4.625% senior bonds due 2031 and $500 million worth of 5.125% senior bonds due 2036.The bonds will be listed and quoted on the Bonds Market on June 26, the filing said.

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Asia

Toyota Takes Stake in Tier IV as Autoware Maker Plans Japan IPO

Toyota (TYO:7203) via Toyota Invention Partners is taking a stake in Japanese self-driving systems-focused startup Tier IV, according to the company's securities filing for its planned IPO on the Tokyo Stock Exchange Growth Market.The filing also revealed that Toyota, along with other Japanese corporations that are existing shareholders, entered into a 180-day lock-up agreement following the listing.The other shareholders include SOMPO (TYO:8630), Yamaha Motor (TYO:7272), Suzuki Motor (TYO:7269), Bridgestone (TYO:5108), Mitsubishi Corp. (TYO:8058), Sony Group (TYO:6758) and JR Central.Tier IV develops the open-source Autoware autonomous driving software and offers three core services, namely Mobility, Development, and Solution Services.The IPO is being jointly managed by Mitsubishi UFJ Morgan Stanley, Morgan Stanley MUFG, and SMBC Nikko, with a target listing date between July and December.

SHA:688272TYO:1871TYO:5108TYO:6758TYO:7203TYO:7269TYO:7272TYO:8058TYO:8630
Asia

Mitsubishi HC Capital Partners with Brookfield to Buy European Renewable Energy Assets

Mitsubishi HC Capital (TYO:8593) and Canadian investment group Brookfield are establishing a joint venture to acquire and operate renewable energy assets across Europe.The initial portfolio includes roughly 570 megawatts of capacity across six countries, valued at about 400 million euros, with 10-year power purchase agreements locking in stable cash flows, according to a statement on Wednesday.The partnership, which will be officially launched in the second half of the year, will also pursue future acquisitions of additional renewable assets in Europe and Australia, focusing on onshore wind, utility-scale solar, and battery storage.Brookfield will manage day-to-day operations while both firms share control, and future deals require joint approval with pro-rata funding.

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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.)

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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

Mitsubishi's Profit Falls 16% in Fiscal 2025

Mitsubishi Corp.'s (TYO:8058) profit attributable to owners of the parent dropped 16% to 800.5 billion yen in fiscal year 2025 from 950.7 billion yen a year earlier.The integrated trading and investment company's profit per share declined to 209.78 yen from 235.80 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue inched up 1.6% to 18.9 trillion yen in the year ended March 31 from 18.6 trillion yen in the prior year.Mitsubishi declared a final dividend of 55 yen per share, payable from June 22.For fiscal year 2026, the company expects attributable profit of 1.100 trillion yen and profit per share of 300.42 yen.Mitsubishi Corp. plans to pay interim and year-end dividends of 62 yen and 63 yen per share, respectively, for the year, higher than the amount paid a year ago.

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Asia

Market Chatter: Mitsubishi Begins Operations at Vietnam Coal Plant

Mitsubishi (TYO:8058) has commenced full operations at a new coal-fired power plant in Vietnam, which will source coal from neighbouring countries such as Indonesia and Australia, Nikkei Asia reported Tuesday, citing officials.This initiative helps Vietnam reduce its reliance on energy imports from the Middle East while ensuring a stable electricity supply amid rapid economic expansion, the publication said.At the opening ceremony for the Vung Ang II plant on Saturday, Vietnamese Deputy Minister Nguyen Hoang Long said the project's importance for national energy security and economic growth, the news daily said.Mitsubishi's Tetsu Funayama highlighted the value of Asia's self-contained energy security, the report said.Under 25-year agreements, the Vung Ang II facility will obtain between 3.6 million and 4 million metric tonnes of coal each year from Indonesia and Australia to support its operations, it added.(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:8058
Asia

Market Chatter: Japan, EU Firms Deepen Defense Ties as Geopolitical Risks Rise

Japanese and European companies plan to join a new framework linking the two sides' defense industries, as geopolitical tensions drive efforts to secure supply chains, Nikkei reported Thursday.The initiative will be discussed at the first Japan-EU defense industry dialogue on Friday, with nearly 20 European participants including Airbus, Thales, Dassault Systemes, Leonardo, Saab and PGZ, alongside about 30 Japanese companies and organizations such as Subaru (TYO:7270), Hitachi (TYO:6501), IHI (TYO:7013), Mitsubishi Corp. (TYO:8058) and Sumitomo Corp (TYO:8053), according to the report.European officials are seeking collaboration with Japanese firms on dual-use technologies and other capabilities to reinforce regional supply chains, while Japanese companies view Europe as a gateway for global expansion, the report said.The talks come as the EU looks to reduce reliance on the U.S. for security and expand partnerships, while Japan positions defense as a key growth sector and aims to access European funding frameworks, 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.)

Nikkei 225TYO:6501TYO:7013TYO:7270TYO:8053TYO:8058
Asia

Infroneer Denies Media Report On Swing Acquisition Talks

Infroneer (TYO:5076) said a media report claiming it had decided to acquire waterworks operator Swing for over 90 billion yen was not based on a company announcement, according to a Tuesday filing on the Tokyo Stock Exchange.The company said it is currently in discussions regarding the matter and plans to submit it to a board of directors meeting held the same day.A report had said Infroneer plans to buy stakes in Swing from Mitsubishi Corporation (TYO:8058), Ebara Corporation (TYO:6361) and JGC Holdings (TYO:1963) in a deal exceeding 90 billion yen.Swing, which designs, builds and operates water treatment plants, generated about 82.9 billion yen in revenue in the year ended March 2025 and operates more than 300 sites.

TYO:1963TYO:5076TYO:6361TYO:8058

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