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TYO:8591

8 stories mentioning TYO:8591

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Asia

Orix, Qatar Investment-Backed Fund Acquires Nippon Information Industry in First Deal

Orix's (TYO:8591) OQCI Fund, a private equity fund it advises alongside Qatar Investment Authority, has acquired all shares of Nippon Information Industry, marking the fund's first investment, according to a statement on Thursday.Orix will guide Nippon Information Industry, a system development firm, in leveraging the company's strengths in flexible system development and maintenance for manufacturing and financial clients.The IT sector is a key focus for Orix, which plans to foster collaboration between NII and its existing portfolio companies to enhance governance and business expansion.This acquisition aligns with Orix Group's long-term strategy to strengthen asset management using third-party capital and to boost return on equity through fund-based investments.Moving forward, Orix will continue using its operational expertise to help growing businesses increase value and contribute to Japan's industrial advancement.

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Asia

Japanese Shares Close Higher on Hopes of Iran War Resolution

Japanese shares extended their gains on Thursday to close higher, tracking global optimism fueled by the hopes that the Middle East crisis may be resolved soon.The Nikkei 225 closed up 1,879.73 points or 3.1% to close at 61,684.14.Globally, investors were enthused when President Donald Trump announced that the U.S. and Iran are in the "final stages" of negotiating a peace deal to end the conflict.Iran, in response, said it had received the American points of view and was currently examining them. Iranian President Masoud Pezeshkian said on X that his country has "explored every avenue to avert war," adding that "all paths remain open from our side".On the domestic front, Japan reported an unadjusted trade surplus of 301.91 billion yen for April as the value of exports climbed 14.8% year-on-year, while the import value increased by 9.7%, as energy imports plunged in the month.Meanwhile, the country's core machinery orders received by the private sector fell seasonally adjusted 9.4% in March from the previous month.On the corporate side, shares of Orix (TYO:8591) closed up over 3% in Thursday's trade, after the company said it expects a 70 billion yen increase in attributable net income for the fiscal first quarter ended June 30, after incorporating investment gains and losses tied to Toshiba.Also, SOMPO Holdings' (TYO:8630) shares plunged nearly 11%, even as net income attributable to owners of the parent soared 163% to 640.1 billion yen in the fiscal year 2025 from 243.1 billion yen a year earlier.

Nikkei 225TYO:8591TYO:8630
Asia

Orix Sees 70 Billion Yen Net Income Boost in Fiscal Q1 Due to Toshiba-Driven Equity Gains

Orix (TYO:8591) expects a 70 billion yen increase in attributable net income for the fiscal first quarter ended June 30, after incorporating investment gains and losses tied to Toshiba.Roughly 179.8 billion yen in pre-tax equity-method investment income is expected to be recognized during the period, stemming from Kioxia share gains booked by Toshiba in the prior year's fourth quarter.That gain flows through equity-method affiliate TB Investment,reflecting the partnership's anticipated results and ORIX's limited partner stake.Nevertheless, ORIX warns that the full-year effect of Toshiba-related investment gains and losses cannot yet be reliably determined, given its reliance on Toshiba's future results, further Kioxia transactions, and other variables not included in the current estimate.

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Asia

Ibiden, Orix Rise After Strong Earnings, JX Advanced Metals Slips

Japanese stocks reporting recent earnings traded mostly higher on Friday, with gains led by materials and industrials firms, while JX Advanced Metals (TYO:5016) fell after issuing a weaker outlook and Orix (TYO:8591) rose on strong profit growth.Ibiden (TYO:4062) jumped 12% after reporting full-year results. Profit attributable to owners of parent surged 89% to 63.71 billion yen, while net sales rose 12.7% to 416.20 billion yen. Earnings per share came to 228.16 yen, compared with 120.66 yen a year earlier. The company forecast profit attributable to owners of parent of 58 billion yen for fiscal 2026, down 9%, with earnings per share of 207.70 yen and net sales of 500 billion yen, up 20.1%.Orix (TYO:8591) gained 8% after reporting full-year results. Profit attributable to owners of parent rose 27.2% to 447.27 billion yen, while revenues increased 15.9% to 3.330831 trillion yen. Earnings per share came to 400.27 yen, up from 307.74 yen a year earlier. The company forecast net income of 530 billion yen for fiscal 2027, up 18.5%.JX Advanced Metals (TYO:5016) dropped 15% despite strong full-year results. Profit attributable to owners of parent increased 53.3% to 104.645 billion yen, while net sales rose 23.7% to 884.638 billion yen. Earnings per share came to 112.94 yen, compared with 73.53 yen a year earlier. The company forecast profit attributable to owners of parent of 114 billion yen for fiscal 2027, up 8.9%, with earnings per share of 125.97 yen and net sales of 930 billion yen, up 5.1%.

Nikkei 225TYO:5016TYO:8591
Asia

Orix's Sale of Banking Division Has No Credit Impact, S&P Says

Orix's (TYO:8591) sale of its banking segment should not impact its creditworthiness, S&P Global Ratings said in a Tuesday release.The Japan-based company plans to sell its subsidiary Orix Bank to Daiwa Next Bank, a subsidiary of Daiwa Securities Group (TYO:8601), for about 370 billion yen.The banking segment comprises only about 5% of the group's risk-weighted assets, according to S&P's analysis.Meanwhile, the sale will result in about 124.2 billion yen in pre-tax gain, the rating agency said.S&P expects the company to maintain a risk-adjusted capital ratio between 9% and 10% for the next two years with the sale's completion.Following the sale, the group will further reallocate capital toward more profitable pursuits and business expansion, S&P said.

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Asia

Japan Stocks Rise as Wall Street Gains Lift Sentiment Amid Iran Talks Hopes

Japanese equities closed higher Tuesday, tracking Wall Street gains as improved risk sentiment followed U.S. President Donald Trump's comments that Iran remained open to talks despite tensions over the Strait of Hormuz.The Nikkei 225 rose 2.43%, or 1,374.62 points, to close at 57,877.39.The US and Iran are exploring another round of talks to extend a ceasefire after negotiations over the weekend ended without an agreement.The move comes after Trump ordered a naval blockade of the Strait of Hormuz to increase pressure on Tehran, despite the ongoing diplomatic efforts. The blockade threatens to disrupt global energy flows and escalate regional tensions, with key allies urging Washington to de-escalate.On the corporate front, Orix (TYO:8591) rose 3% after agreeing to sell its full stake in IX NTI Holdings to an Olympus Partners affiliate, with the deal subject to approvals and uncertain financial impact.Shiseido (TYO:4911) fell 3% after a report said foreign brands are relying on premium strategies to navigate weak consumer spending in China amid rising local competition.Fujitsu (TYO:6702) gained 4% as the company is reportedly pivoting toward AI services to tap global demand for alternatives to U.S. technology.

Nikkei 225TYO:4911TYO:6702TYO:8591
Asia

Orix To Exit IX NTI Holdings in Sale to Olympus Partners Unit

Orix (TYO:8591) has agreed to sell its entire stake in IX NTI Holdings, the parent of US telecom infrastructure company Network Connex, to a special purpose vehicle affiliated with Olympus Partners, according to a Tuesday filing on the Tokyo Stock Exchange.The transaction will transfer 100% ownership from Orix Capital Partners to NTI, subject to regulatory approvals, including clearance under US antitrust rules.Orix said the timing and financial impact remain uncertain, noting that any gain from the sale will depend on completion conditions and currency fluctuations.

TYO:8591
Asia

Orix to Absorb Tsukuba Lease, Plan Dissolution After Company Split

Orix (TYO:8591) said it will implement an absorption-type company split to transfer the business of subsidiary Tsukuba Lease to itself and Orix Auto, followed by the unit's dissolution and liquidation, according to a Monday filing on the Tokyo Stock Exchange.The split is aimed at improving operational efficiency and optimizing resource allocation within the group as it integrates Tsukuba Lease's operations.Under the plan, Orix and Orix Auto will take over Tsukuba Lease's lease and installment sales businesses, including associated assets, liabilities, and contractual rights, with the effective date scheduled for Aug. 1.The companies will pay consideration based on the book value of Tsukuba Lease's lease receivables and installment receivables as of July 31. Tsukuba Lease will be dissolved and liquidated after the split takes effect, while its business will continue under the successor companies.

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