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Asia

Japan Shares Rebound as Tech Earnings Season Commences

Japanese shares rebounded when trading resumed after Monday's holiday, bucking broader regional declines, amid heightened tensions in the Middle East.The Nikkei 225 rose 402.9 points or 0.6% to open at 64,544.05.This week marks the start of megacap earnings, with Tesla and Alphabet reporting on Wednesday, followed by Microsoft, Meta, Apple, and Amazon next week, as investors demand clearer returns on massive AI spending.At home, Sumitomo Mitsui Financial Group (TYO:8316), Chugai Pharmaceutical (TYO:4519) and Shin-etsu Chemical (TYO:4063) are set to release earnings reports this week.

Nikkei 225TYO:4063TYO:4519TYO:8316
Asia

Market Chatter: SoftBank Group Eyes 60 Billion Yen Bond Sale in July

SoftBank Group (TYO:9984) plans to sell about 60 billion yen worth of notes to institutional investors in Japan in July, proceeds from which are expected to be invested in AI-related expansions, Bloomberg News reported Friday.The bond offering comprises 50 billion yen of three-year notes and 10 billion yen of five-year notes, with pricing expected in the week of July 27, the news agency reported, citing lead manager Daiwa Securities (TYO:8601).Nomura Holdings (TYO:8604) subsidiary Nomura Securities and Sumitomo Mitsui Financial Group (TYO:8316) subsidiary SMBC Nikko Securities are co-lead managers of the offering, according to the report.SoftBank Group did not immediately respond to' request for comment.Shares of SoftBank Group fell nearly 9% at market close, while those of Daiwa Securities declined over 5%. Shares of Nomura Holdings and Sumitomo Mitsui Financial Group declined nearly 6% and over 4%, respectively.(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:8316TYO:8601TYO:8604TYO:9984
Asia

Market Chatter: Sumitomo Mitsui Financial Eyes India Reset Through Yes Bank

Sumitomo Mitsui Financial Group (TYO:8316) is reviewing its India operations to streamline its presence and may shift most business through Yes Bank (BOM:532648, NSE:YESBANK), Bloomberg News reported Friday, citing people with knowledge of the matter.The Japanese lender, amid regulatory shifts, may raise its stake in Yes Bank from 25%, the report said.Raising its stake past 26% would force a mandatory open offer for Yes Bank, though discussions remain preliminary and no final decisions have been made, the publication said.Sumitomo Mitsui Financial and Yes Bank 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.)

BOM:532648NSE:YESBANKTYO:8316
Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen
US Markets

Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen

Japan's government has selected a SoftBank Corp.-backed (TYO:9434) consortium to lead a national effort to develop a homegrown artificial intelligence model, with total government investment poised to reach 1 trillion yen over five years.The Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO) named Noetra Inc. and the National Institute of Advanced Industrial Science and Technology (AIST) as the implementers of its "Multimodal Platform Model Development Project for AI Robots and Physical AI," according to a press release on Tuesday.It follows a review of 15 proposals submitted during a public tender that ran from March 24 to April 22.The project spans fiscal years 2026 through 2030, with contracts initially signed for the first two years and continuation subject to an annual stage-gate review, NEDO said.Under the arrangement, Noetra will develop and supply "an internationally competitive" multimodal platform model while taking into account the needs of Japanese model development and utilization.AIST will work with domestic and international research institutions to carry out advanced technological development and contribute to the development of what METI described as "a future-oriented, competitive platform model."The AI model is expected to handle a range of data, including language, audio, images, videos, sensor data, and more.The government has already earmarked 387.3 billion yen for the program in its fiscal 2026 budget, funded through GX Economy Transition Bonds, according to METI's budget outline published in April.Noetra is a joint project led by SoftBank Corp., the telecommunications and internet subsidiary of SoftBank Group (TYO:9984). It counts NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406) as partners.Back in April, METI disclosed its ambition for Japan to capture 30%, or 20 trillion yen, of the global AI robotics market by 2040.The announcement comes amid a broader rally in Japanese AI-linked stocks that pushed the Nikkei 225 to its sharpest quarterly increase on record as of Tuesday. SoftBank Group recently overtook Toyota Motor (TYO:7203) as Japan's most valuable listed company.The Japanese initiative follows a similar push from neighboring South Korea, which also unveiled plans to build semiconductor facilities and AI data centers on Monday, enlisting chipmaker SK Hynix (KRX:000660), Samsung Electronics (KRX:005930) and internet firm Naver (KRX:035420).

Nikkei 225KRX:000660KRX:005930KRX:035420TYO:5401TYO:5406TYO:6701TYO:6758TYO:7203TYO:7267TYO:8306TYO:8316TYO:8411TYO:9434TYO:9984
Asia

SoftBank-Led Consortium to Lead Japan's 1 Trillion Yen National AI Initiative

Japan has selected a consortium backed by SoftBank Corp.(TYO:9434) to spearhead a five-year national project developing a homegrown multimodal AI platform, with total public investment expected to reach 1 trillion yen.The initiative, overseen by the Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO), will see the consortium called Noetra Inc. supply the core model while AIST will collaborate with research institutions to advance the technology, according to a joint statement on Wednesday.Noetra, a joint venture led by SoftBank Corp., includes major partners such as NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406).

TYO:5401TYO:5406TYO:6701TYO:6758TYO:7267TYO:8306TYO:8316TYO:8411TYO:9434
Asia

Market Chatter: Japan Megabanks Set for Record Dividend Payouts as Profits Rise

Japan's three largest banks are expected to pay a record 2.1 trillion to 2.2 trillion yen in dividends in the current fiscal year, Nikkei Asia reported on Monday.The lenders -- Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial Group (TYO:8316) and Mizuho Financial Group (TYO:8411) -- are set to roughly double their shareholder payouts from three years ago as the end of Japan's negative interest rate policy boosts lending margins, the report said.Strong corporate demand for mergers, acquisitions and investment financing helped lift their combined net profit above 5 trillion yen in fiscal 2025, 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:8306TYO:8316TYO:8411
Asia

Market Chatter: SMBC Mulls Significant Risk Transfers on Nearly $6 Billlion in Loans

Sumitomo Mitsui Financial (TYO:8316) unit Sumitomo Mitsui Banking Corp. is exploring at least two significant risk transfer transactions, Bloomberg News reported on Friday, citing people familiar with the matter.One potential deal is tied to about $1.8 billion of infrastructure loans, while another involves roughly $4 billion of corporate loans in Latin America, the report said.An SMBC spokesperson in New York declined to comment, according to Bloomberg.(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:8316
Asia

Japan Business Systems Secures 3 Billion Yen Syndicated Commitment Line with Financial Covenant

Japan Business Systems (TYO:5036) to enter into a 3 billion yen, syndicated commitment line agreement with Sumitomo Mitsui Financial (TYO:8316), Sumitomo Mitsui Banking as arranger and agent.The facility, scheduled for signing on July 28, carries a one-year term extendable up to two times with interest at TIBOR plus a spread, according to a Tokyo bourse filing on Tuesday.The agreement imposes two financial covenants, including maintaining non-consolidated net assets at no less than 75% of the higher of the fiscal year-end September or the prior year-end, and avoiding negative ordinary income for two consecutive fiscal years.

TYO:5036TYO:8316
Asia

Market Chatter: Japan's Three Top Banks Plan Joint Stablecoin Issuance by March 2027

Three of the largest banks in Japan, Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo ⁠Mitsui Financial Group (TYO:8316), and Mizuho Financial Group (TYO:8411), are poised to form a consortium to issue a jointly operated stablecoin in the current fiscal year ending in March 2027, according to a Reuters report on Wednesday, citing a joint statement from the banks.The lenders plan to ​establish a council to review operational frameworks and prepare for the issuance, the report said.Japan's Financial Services Agency has been operating a regulatory pilot since November 2025, as part of the country's ​efforts to use blockchain technology for better payment systems.(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:8306TYO:8316TYO:8411
Asia

Market Chatter: Sumitomo Mitsui Expands Loan Risk Transfer Efforts to Boost Returns

Sumitomo Mitsui Banking is increasingly leveraging loan portfolio sales and synthetic risk transfers to optimize capital deployment and improve returns, Bloomberg News reported, citing Asia-Pacific Deputy Head Carsten Stoehr.The banking unit of Sumitomo Mitsui Financial (TYO:8316) is accelerating loan distribution and placing greater emphasis on fee-based income to generate revenue without consuming as much capital, according to the report.The strategy reportedly supports the group's goal of raising the return on tangible equity to 15% over the next five years, up from 11.4% in the previous fiscal year.(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:8316
Asia

Market Chatter: Sumitomo Mitsui Financial Targets 800 Billion Yen in Sales, Trading Revenue

Sumitomo Mitsui Financial Group (TYO:8316) aims to double its sales and trading revenue to 800 billion yen within a few years, Reuters reported on Thursday, citing Arihiro Nagata, head of SMFG's global markets division.Nagata said current revenue stands at roughly 400 billion yen, adding that doubling that figure is achievable conservatively within six years, fueled by rising interest rates, currency volatility, and record-high Japanese stock prices, the news wire said.The target reflects Sumitomo Mitsui Financial's effort to catch up with rivals that expanded their market businesses as Japan's interest rates normalize after decades of deflation, the publication said.Demand for JGBs, yen swaps, and Japanese stocks, including from overseas investors, is surging as the 10-year yield hit a 30-year high of 2.8% and the Nikkei closed above 68,000 for the first time, 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:8316
Asia

Market Chatter: Japan's Megabanks, Insurers Race to Unload Cross-Shareholdings as Stocks Rally

Japanese banks and insurers are speeding up sales of strategic shareholdings to cash in on surging stock prices, as investors eye how the proceeds will be used, Bloomberg News reported on Wednesday.Sumitomo Mitsui Financial Group (TYO:8316) has already achieved 52% of its 600 billion yen reduction target for the five years through March 2029, while Mizuho (TYO:8411) has cut 110 billion yen and reached 33% of its three-year goal as of March, the news wire said.The three major nonlife insurance groups - Tokio Marine (TYO:8766), MS&AD (TYO:8725), and Sompo (TYO:8630) - aim to eliminate all strategic holdings by March 2031, having already reduced their combined shares from 1.53 trillion yen in March 2024 to 920 billion yen by March 2026, or 40% of their target, the publication said.Recent transactions include major contractor Shimizu (TYO:1803) seeing over 14 million shares sold by Mizuho Bank and Tokio Marine, while five financial institutions offloaded nearly 7 million shares of electronics maker Ibiden (TYO:4062).(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:1803TYO:4062TYO:8316TYO:8411TYO:8630TYO:8725TYO:8766
Asia

Market Chatter: Sumitomo Mitsui Unit Plans 100 Billion Yen Fund for Japanese Acquisition Deals

Sumitomo Mitsui Financial Group (TYO:8316) subsidiary SMBC Nikko is considering launching a 100 billion yen mezzanine fund to help finance big acquisitions in Japan, Bloomberg News reported Monday, citing people familiar with the matter.Mezzanine financing falls between a senior loan by conventional financial institutions and equity financing using common shares.The fund plans to invest in subordinated loans and preferred shares for Japanese acquisition deals, the report said.SMBC Nikko is teaming up with alternative asset manager One Investment as a partner and is looking for institutional investors outside of Japan to raise money for the fund, the report said, citing some of the sources.Sumitomo Mitsui Financial Group and One Investment reportedly declined to comment on the matter.(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:8316TYO:9984
Asia

Market Chatter: Major Japanese Lenders to Roll Out Loans Backed by Enterprise Value Under New Law

A new law effective Monday enables firms to borrow using their entire enterprise value, including know-how, customer relationships, and future cash flows, as collateral, with rights recorded in a public registry, Nikkei Asia reported on Friday.Mizuho Financial's (TYO:8411) Mizuho Bank will soon issue the first loan to a pub chain operator, while Sumitomo Mitsui Financial's (TYO:8316) Sumitomo Mitsui Banking is educating its staff on managing collateral rights to prepare for such financing, the publication said.MUFG Bank (TYO:8306) also plans to enter the market, while regional institutions like Saikyo Bank, Shoko Chukin Bank, North Pacific Bank(TYO:8524), and Suwa Shinkin Bank will offer similar loans to local startups, the news agency said.In case of default, lenders can recover funds by selling the business, with the overall program designed to stimulate startup growth by leveraging technology and growth potential rather than physical assets, 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: Japanese Banks Confront a Historic Shift as Loan Growth Outpaces Deposits

Japanese banks are facing an unprecedented challenge as loan growth now exceeds deposit growth, reversing a decades-long trend driven by deflation and cash hoarding, Bloomberg News reported on Wednesday, citing industry officials.A surge in borrowing, fueled by rising corporate capital investment and larger buyout deals, pushed outstanding loans up 5.4% year-on-year in April, while deposits grew only 1.9%, the news wire said.This imbalance could potentially restrain lending and force banks to seek more expensive alternative funding sources, the publication said.Sumitomo Mitsui Financial Group (TYO:8316) CEO Toru Nakashima said lenders must become more selective, a stark contrast to the past when abundant deposits allowed aggressive lending, the report said.A senior official from Japan's Financial Services Agency noted that the regulator is closely watching this trend, as it was not a major concern until recently, 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.)

Nikkei 225TYO:8316
Asia

Market Chatter: Japan Banks Ramp Up Cyber Defenses Over Anthropic-Highlighted Risks

Japan's three largest banks are stepping up cybersecurity measures following warnings that Anthropic's Claude Mythos artificial intelligence model could expose vulnerabilities in financial systems, Nikkei reported Friday.The banks are expected to gain access to the model as early as this month to help identify software flaws that developers may have overlooked, according to the report.Mitsubishi UFJ Financial Group (TYO:8306) plans to establish a dedicated cybersecurity team, while Mizuho Financial Group (TYO:8411) has formed a cyberattack task force. Sumitomo Mitsui Financial Group (TYO:8316) has also created a working group to review systems across the company, the report said.The International Monetary Fund warned this month that cyberattacks using advanced AI models such as Mythos could threaten financial stability if multiple institutions are targeted simultaneously, potentially disrupting settlements and triggering liquidity stress, according to the report.Japan's Financial Services Agency has launched a public-private working group involving major banks, technology companies and industry bodies to discuss countermeasures, including stronger management involvement and increased cybersecurity investment, 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:8306TYO:8316TYO:8411
Asia

Sumitomo Mitsui Financial Group's Profit Surges 34%

Sumitomo Mitsui Financial Group's (TYO:8316) profit attributable to owners of the parent increased by 34% to 1.583 trillion yen for the fiscal year 2025 from 1.178 trillion yen a year earlier.The financial services group's earnings per share increased to 411.88 yen from 301.48 yen a year ago, according to a Tokyo bourse filing on Wednesday.Ordinary income jumped 6.1% to 10.791 trillion yen for the period ended March 31 from 10.175 trillion yen in the prior year.It declared a final dividend of 79 yen per share, payable from June 29.For the fiscal year 2026, the company expects attributable profit of 1.700 trillion yen, and EPS of 223.75 yen.Sumitomo Mitsui Financial plans to pay interim and year-end dividends of 90 yen per share, each, for the year, based on pre-split share calculations.After considering the stock split, the estimated interim and year-end dividends per share will be 90 yen and 45 yen, respectively.

TYO:8316
US Markets

OCBC Acquires HSBC Indonesia's Wealth, Retail Business, Adding SG$6.6 Billion in AUM

Oversea-Chinese Banking Corporation (SGX:O39) or OCBC, agreed to acquire the retail and wealth management business of HSBC (HKG:0005)'s Indonesian arm.The deal, executed through its subsidiary PT Bank OCBC NISP Tbk, involves the transfer of assets and liabilities of HSBC Indonesia's International Wealth and Premier Banking business, according to a Monday press release.The acquisition will expand OCBC's Indonesia platform by about SG$6.6 billion in assets under management and 336,000 customers.The portfolio includes SG$4.3 billion in customer investments across mutual funds, bonds, and insurance, as well as SG$2.3 billion in deposits and a retail loan book of about SG$0.3 billion.Total consideration will be based on net asset value at completion, with a premium of up to about SG$0.48 billion, subject to adjustment mechanisms."This acquisition in Indonesia fits well into our Next Frontier strategy under the Franchise Shift of building up our Indonesia franchise," Tan Teck Long, Chief Executive Officer of Oversea-Chinese Banking Corporation, said."Indonesia is a long-term commitment, and a key growth market," he added.The SG$2.3 billion deposit base, including sizable low-cost CASA balances, provides stable funding and opens up further wealth management opportunities, Long said.The deal is expected to be completed in the second quarter of 2027 and will be internally funded, with no material impact anticipated on OCBC's net tangible assets, earnings per share, or capital.IWPB Indonesia operates across 26 branches and is one of the largest foreign-owned retail and wealth platforms in the country.Upon completion, OCBC expects the deal to increase its Indonesia unit's AUM by about 25% and boost credit card balances by more than 150%, while adding around 1,300 employees to strengthen its wealth management capabilities.The news confirms a Bloomberg report in mid-April about OCBC emerging as the lead bidder for the assets. Bloomberg previously reported that Singapore's DBS Group (SGX:D05) and United Overseas Bank (SGX:U11), Malaysia's CIMB Group (KLSE:CIMB) and Japan's Sumitomo Mitsui Financial Group (TYO:8316) were in the running for the business.

HKG:0005KLSE:CIMBSGX:D05SGX:O39SGX:U11TYO:8316
Asia

Market Chatter: Japan Banks Line Up 250 Billion Yen in First Funding for US Projects

The Japan Bank for International Cooperation (JBIC), along with MUFG Bank (TYO:8306), Sumitomo Mitsui Banking (TYO:8316), Mizuho Bank (TYO:8411) are arranging about 250 billion yen for initial U.S. project financing under a bilateral framework, Nikkei reported Friday.Funds will go to three projects worth about $36 billion, including a gas-fired plant in Ohio, an oil facility in Texas and a synthetic diamond site in Georgia, according to the report.JBIC will provide about one-third, with the rest backed by Nippon Export-Import Insurance guarantees. The Ohio project, led by SoftBank Group (TYO:9984), may receive about 220 billion yen first, with lending to expand in stages, 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:8306TYO:8316TYO:8411TYO:9984
Asia

Market Chatter: SMFG Targets to Manage 10 Trillion Yen in University Assets

Sumitomo Mitsui Financial Group (TYO:8316) or SMFG plans to launch a full-scale asset management service for Japanese universities as investment becomes more crucial for higher education, Nikkei Asia reported on Friday.Private universities and junior colleges hold an estimated 10 trillion yen or $62.7 billion in assets - mainly in cash equivalents and bonds, the news daily said, citing the Promotion and Mutual Aid Corporation for Private Schools of Japan (PMAC).While Japan's national universities have become more proactive with their assets, directing more money toward growth-oriented investments, their exposure to stocks and investment trusts remains limited, 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:8316

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