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TYO:8593

3 stories mentioning TYO:8593Updated 37d ago

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Asia

Mitsubishi HC Capital's Fiscal Q1 Attributable Profit Slumps 45%

Mitsubishi HC Capital (TYO:8593) logged a 45% year-over-year decline in attributable net income for the fiscal first quarter to 31.6 billion yen from 57.3 billion yen.The leasing company's earnings per share were 21.99 yen, compared with 39.82 yen a year earlier, according to a Tokyo Stock Exchange filing on Friday.Revenue fell 7.8% to 539.1 billion yen for the three months ended June 30 from 584.5 billion yen a year ago.For the fiscal year ending March 31, 2027, the company expects attributable net income of 160 billion yen and EPS of 111.57 yen.The company plans to pay interim and final dividends of 25 yen and 26 yen, respectively, totaling 51 yen per share, higher than the 46 yen annual dividend paid in the previous fiscal year.

TYO:8593
Asia

Market Chatter: HSBC Sells Tokyo HQ, Prepares Move to New Station-Side Tower

HSBC (HKG:0005) has offloaded its Tokyo headquarters building in Nihonbashi to a Mitsubishi HC Capital (TYO:8593) unit, while leasing back the space until its new office is ready, Bloomberg News reported on Friday, citing people familiar with the matter.HSBC Japan CEO Takeo Kaneko said in a LinkedIn post on Wednesday that the bank is relocating to a new building in the Yaesu 2-Chome area, near Tokyo Station, in 2029.HSBC declined to 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.)

HKG:0005TYO:8593
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.

TYO:8058TYO:8306TYO:8593

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