TYO:8304

3 stories mentioning TYO:8304

Every FINWIRES story that references TYO:8304, newest first.

Market Chatter: Daiwa Securities to Invest 100 Billion Yen in Battery Storage by 2030

Daiwa Securities (TYO:8601) plans to allocate 100 billion yen into battery storage facilities by 2030, responding to rising electricity needs from the technology sector, Nikkei Asia reported on Tuesday.The company's first initiative involves a storage facility in Chitose, located on the northern island of Hokkaido, which is scheduled to start operations as early as 2027 at an estimated cost of 10 billion yen, the publication said.The Chitose project will purchase low-cost power during daytime hours and sell it at higher nighttime rates, the news daily said.The initiative will be managed by Daiwa Energy & Infrastructure, the group's asset management arm, while Aozora Bank(TYO:8304), a capital alliance partner of Daiwa, will arrange the financing, the report said.Daiwa Securities 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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Asia54d ago

Aozora Bank Proposes New Stock Pay Plan for Directors

Aozora Bank (TYO:8304) said it plans to introduce a performance-linked restricted stock remuneration plan for directors, subject to shareholder approval at its annual meeting in June, according to a Wednesday filing on the Tokyo Stock Exchange.The move is aimed at aligning management incentives more closely with performance and shareholder interests over the medium to long term.Under the plan, share awards will be tied to financial metrics such as profitability, capital efficiency and strategic growth initiatives.The annual cap for the stock-based pay is set at 250 million yen, with up to 150,000 shares to be issued each year.

TYO:8304

Asia54d ago

Market Chatter: Mitsubishi UFJ Financial Considers Higher Deposit Rates for Upcoming Digital Bank, CEO Says

Mitsubishi UFJ Financial (TYO:8306) is contemplating offering comparatively higher interest rates on deposits for a digital bank slated to launch this fiscal year, Nikkei Asia reported on Wednesday, citing CEO Masakazu Osawa.In a recent interview, Osawa explained that because a digital platform can swiftly adjust fees and rates in response to market shifts, MUFG aims to compete on both speed and cost, the news agency said.He noted that offering higher rates than its traditional brick-and-mortar bank is "theoretically possible," including the option of customizing rates on a customer-by-customer basis, the publication said.Osawa, who took over as head of MUFG Bank on April 1 after Junichi Hanzawa moved up to lead parent company Mitsubishi UFJ Financial Group, emphasized that building a low-cost, speedy service will be a key strategy, the report said.Currently, a standard MUFG Bank physical account earns just 0.3% annually, while rival Aozora Bank (TYO:8304) offers up to 0.75% on online-only accounts, 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.)

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