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TYO:8411

27 stories mentioning TYO:8411Updated 11d ago

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Asia

Market Chatter: Mizuho Bank Seeks to Place Radiant World Under Judicial Management

Mizuho Financial Group (TYO:8411) has initiated legal proceedings in the Singapore High Court and has applied to place iron ore trader Radiant World's Singapore operating unit under judicial management, Bloomberg News reported Wednesday, citing a court document.The bank, which is a creditor of Radiant World, filed the application on Aug. 26 to initiate a restructuring process, allowing the court-appointed professionals to take control of a company, the report said.The bank has sought the appointment of two Deloitte restructuring professionals as interim judicial managers of the Singapore-based unit, according to the report.Mizuho declined to comment on the matter, while Radiant World 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.)

TYO:8411
Asia

Update: Mizuho Bank Files Singapore Court Case Against Radiant World

(Updates with Mizuho's response)Mizuho Financial Group (TYO:8411) has filed an originating summons for an injunction against iron ore trader Radiant World in Singapore's Supreme Court.The case is listed as relating to corporate insolvency, with a hearing scheduled for Friday morning before Justice Kristy Tan, according to the court's hearing list on its website.Mizuho is represented by Shook Lin & Bok.The action marks the first public legal move by a lender since Bloomberg reported in July that the trader allegedly provided falsified documents to secure financing.Mizuho declined to comment to, while Radiant World did not immediately respond.

TYO:8411
Asia

Mizuho Bank Files Singapore Court Case Against Radiant World

Mizuho Financial Group (TYO:8411) has filed an originating summons for an injunction against iron ore trader Radiant World in Singapore's Supreme Court.The case is listed as relating to corporate insolvency, with a hearing scheduled for Friday morning before Justice Kristy Tan, according to the court's hearing list on its website.Mizuho is represented by Shook Lin & Bok.The action marks the first public legal move by a lender since Bloomberg reported in July that the trader allegedly provided falsified documents to secure financing.Mizuho and Radiant World did not immediately respond to' request for comment.

TYO:8411
Asia

Daiwa Office Investment Secures 6.5 Billion Yen in New Loans

Daiwa Office Investment (TYO:8976) has secured 6.5 billion yen in new loans from five banks to refinance maturing debt, according to its Tokyo bourse filing on Tuesday.The loans will be secured from Sumitomo Mitsui Financial Group (TYO:8316) subsidiary Sumitomo Mitsui Banking Corporation, Mizuho Financial Group's (TYO:8411) Mizuho Bank, MUFG Bank, The Yamaguchi Bank, and Kansai Mirai Bank.The funds will be used to repay an equivalent amount of borrowings originally taken out in 2016, 2017, and 2019, and due on Aug. 31, 2026.

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Asia

Advance Residence Investment to Borrow 3 Billion Yen for Property Acquisition, Loan Repayment

Advance Residence Investment (TYO:3269) plans to borrow a total of 3 billion yen through two separate debt financing arrangements for the purpose of repaying existing loans, according to a Thursday filing with the Tokyo bourse.The company will borrow 2 billion yen on Aug. 28 from MUFG Bank, Sumitomo Mitsui Financial Group's (TYO:8316) Sumitomo Mitsui Trust Bank and Mizuho Financial Group's (TYO:8411) Mizuho Bank to partly fund the acquisition of RESIDIA Higashinippori and RESIDIA Kameido II, along with related expenses, the filing said.The one-year unsecured loan will carry an interest rate of the base rate plus 0.30%.In addition, Advance Residence Investment will borrow 1 billion yen from MUFG Bank on Aug. 31 to repay an existing 1 billion yen loan maturing the same day. The new one-year unsecured loan will carry interest at the base rate plus 0.12%, it said.

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Asia

Japan Earnings Wrap: Tokyo Electron, Mizuho Financial Rise, Nomura Research Slides

Japanese stocks reporting earnings traded mixed on Friday, with gains led by electronics manufacturers and banks, while think-tanks declined.Tokyo Electron's (TYO:8035) shares climbed over 7% after attributable net income for the fiscal first quarter surged 40% to 164.3 billion yen.The electronics company's earnings per share climbed to 360.15 yen while net sales grew 33.3% year on year to 732.4 billion yen for the three months ended June 30.For the six months ending Sept. 30, the company expects an attributable income of 349 billion yen, EPS of 767.51 yen, and net sales of 1.620 trillion yen.Mizuho Financial Group's (TYO:8411) stocks gained 5% after fiscal first quarter earnings soared 46% to 422.9 billion yen.The Japanese banking group's earnings per share increased to 173.53 yen while ordinary income rose 18% year on year to 2.521 trillion yen.For fiscal year 2026, the group forecasts an attributable profit of 1.400 trillion yen and EPS of 575.08 yen.Nomura Research Institute's (TYO:4307) shares plummeted 16% despite first-quarter results coming in higher. The think tank posted a 12% year-over-year increase in profit attributable to owners of the parent to 29.21 billion yen for the three months ended June 30.Earnings per share increased to 51.42 yen while revenues jumped 7.5% to 210.46 billion yen for the period.For the fiscal year ending March 31, 2027, the company projects an attributable profit of 119 billion yen, EPS of 209.46 yen, and revenue of 850 billion yen.

Nikkei 225TYO:4307TYO:8035TYO:8411
Asia

Mizuho Financial Group Doubles Share Buyback Program to 200 Billion Yen

Mizuho Financial Group (TYO:8411) has expanded its share repurchase program, raising the maximum repurchase amount from 100 billion yen to 200 billion yen.The group increased the maximum number of shares to be acquired from 25 million to 35 million or about 1.4% of outstanding shares, according to a Tokyo bourse filing on Thursday.The repurchase period has been extended by one month to Sept. 30, while the scheduled cancellation date for the repurchased shares has been moved from Sept. 24 to Oct. 23.All repurchased shares will be cancelled, with the final cancellation number to be announced after the buyback completion.

TYO:8411
Asia

Mizuho Financial Group's Profit Soars 46% in Fiscal Q1

Mizuho Financial Group (TYO:8411) profit attributable to owners of the parent soared 46% to 422.9 billion yen for the fiscal first quarter ended June 30, from 290.5 billion yen a year earlier.The Japanese banking group's earnings per share increased to 173.53 yen from 115.90 yen a year ago, according to a Tokyo bourse filing on Thursday.Ordinary income rose 18% year on year to 2.521 trillion yen for the period, from 2.130 trillion yen.For fiscal year 2026, the group forecasts an attributable profit of 1.400 trillion yen and EPS of 575.08 yen.Mizuho Financial plans to pay interim and year-end dividends of 75.0 yen per share each for the year.

TYO:8411
Asia

Market Chatter: Mizuho Financial Group Targets APAC Expansion

Mizuho Financial Group (TYO:8411) plans to grow its corporate banking operations in South Korea, India, and Australia, aiming for a top-10 spot in global dealmaking, Bloomberg News reported on Friday, citing Joris Dierckx, head of banking for Asia-Pacific.The financial group seeks a Seoul equity license and plans hiring in Australia and India to meet rising demand for bonds and loans, the newswire said.Following U.S. and Indian acquisitions, the bank aims to become Asia's top investment bank within five years by boosting equity and M&A work, 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.)

TYO:8411
Asia

Mizuho Financial Group Repurchases 24.8 Billion Yen in Shares in June

Mizuho Financial Group (TYO:8411) repurchased 3.22 million of its common shares for 24.8 billion yen between June 1 and June 30, according to a Tokyo bourse filing on Wednesday.This brings the total buyback under its board-approved program, authorized on May 15, to 5.30 million shares worth 39.57 billion yen as of June 30.The program authorizes repurchases of up to 25 million shares or 1% of outstanding shares for a maximum of 100 billion yen through Aug. 31.

TYO:8411
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

Mizuho Financial, Bank of Baroda Partner to Boost Cross-Border Corporate Financing

Mizuho Financial Group's (TYO:8411) Mizuho Bank and Bank of Baroda (BOM:532134, NSE: BANKBARODA) have signed a strategic partnership to strengthen collaboration in M&A financing, structured lending, and cross-border corporate banking solutions.The agreement leverages Mizuho's global network and finance expertise alongside Bank of Baroda's domestic franchise and knowledge of the Indian market.Together, the two institutions will offer acquisition finance, syndicated lending, and advisory services to support business growth, according to an X post from Bank of Baroda on Tuesday.

BOM:532134NSE:BANKBARODATYO:8411
Asia

Mizuho Financial Group's Attributable Net Income Soars in Fiscal 2025

Mizuho Financial Group (TYO:8411) net income attributable to owners of the parent soared to 1.158 trillion yen for the fiscal year 2025 ended March 31 from 593.4 billion yen a year earlier.The Japanese megabank's net income per share increased to 466.09 yen from 234.52 yen a year ago, according to a Tokyo bourse filing on Monday.Total revenue rose to 8.794 trillion yen for the period ended March 31 from 8.170 trillion yen in the prior year.Mizuho Financial did not provide any financial or dividend forecast for the fiscal year 2026.

TYO:8411
Asia

Nissan Shareholders Reject One Board Nominee Amid Renault Governance Concerns

Nissan Motor (TYO:7201) shareholders voted in favor of Akiyoshi Koji's appointment as board chairman at the company's 127th ordinary general meeting.Shareholders also backed all director candidates except Motoo Nagai, according to a statement released on Tuesday.Renault, Nissan's top shareholder with a roughly 36% stake, abstained from voting on certain board nominees, including Nagai, over independence concerns given Mizuho Financial Group's (TYO:8411) status as Nissan's largest creditor, Bloomberg News reported.A former Mizuho banker, Nagai played a key role in the 2018 ouster of Carlos Ghosn and was considered influential in executive appointments as the sole director on all three board committees, according to the report.

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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.)

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Asia

Market Chatter: Renault to Abstain on Nissan Director Votes over Independence Concerns

Renault plans to abstain from voting on the reappointment of Nissan Motor (TYO:7201) director Motoo Nagai and board nominee Junichi Shinbo at the Japanese automaker's annual shareholders meeting on Tuesday, Bloomberg News reported, citing people familiar with the matter.The French carmaker, which owns about 36% of Nissan but can exercise only 15% of voting rights under a revised alliance agreement, is concerned about the independence of Nagai and Shinbo because both are former bankers at Mizuho Financial Group (TYO:8411), Nissan's largest lender, the report said.The move highlights Renault's efforts to exert greater influence over governance at Nissan as the Japanese automaker seeks to recover from years of weak performance, according to the report.Renault did not immediately respond to a request 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: 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.)

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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.)

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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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