TYO:8601

7 stories mentioning TYO:8601

Every FINWIRES story that references TYO:8601, newest first.

Japanese Shares Extend Losses to Close Lower on Wednesday On Weak Global Sentiment

Japanese equities closed in the red after a weak trading session on Wednesday, tracking the negative sentiment in the global markets over concerns about rising inflation, extended a selloff in U.S. government bonds, and pushed yields to multi-year highs.The Nikkei 225 closed down 795.20 points or 1.3%, at 59,755.39.According to media reports, on Tuesday, yields on the 30-year Treasuries hit levels last seen in 2007, as investors are spooked that energy costs may lead to the US Federal Reserve hiking interest rates.To boost the domestic economy, the Japanese government is poised to issue guidelines encouraging startups to see acquisitions as a viable alternative to IPOs, according to a Nikkei Asia report on Wednesday.Also, sentiment among Japanese factory managers improved slightly in May, driven by a recovery in commodity-linked industries from a contraction the previous month caused by the Iran war.However, weakness in the automotive sector and several other industries prevented a stronger rebound, according to the Reuters Tankan poll.On the corporate side, Daiwa Securities Group (TYO:8601) closed down over 1%, after the news that it is acquiring a 10% voting interest in Ireland-based aircraft lessor Airborne Capital by buying common shares from existing shareholders, subscribing for subordinated notes, and obtaining warrants that could allow it to increase its interest to 20%.Also, TDK (TYO:6762)'s shares closed lower by 1%, after its subsidiary Amperex Technology (Singapore) agreed to acquire a 100% stake in Malaysia's Linergy Power for $241.1 million.

Nikkei 225TYO:6762TYO:8601

Asia26d ago

Daiwa Securities to Pick Up Stake in Ireland's Airborne Capital Under Expanded Alliance

Daiwa Securities Group (TYO:8601) is acquiring a 10% voting interest in Ireland-based aircraft lessor Airborne Capital by buying common shares from existing shareholders, subscribing for subordinated notes, and obtaining warrants that could allow it to increase its interest to 20%.The financial group will also nominate a director to Airborne's board as part of the expanded partnership, which builds on a business alliance first established in November 2024, according to a statement on Wednesday.The two companies launched a joint venture, Daiwa Airborne, in January 2025 to offer Japanese Operating Lease (JOL) products to ultra-high-net-worth clients, and jointly developed an open-ended aircraft fund for institutional investors.

TYO:8601

Asia27d ago

Japanese Shares Shed Early Gains, Close Lower as Investors Remain Cautious Over Middle East Crisis

Japanese stocks lost early momentum to close in the red on Tuesday despite having a strong start amid caution relating to the Middle East crisis.Asian equities showed mixed movement on Tuesday, as media reports suggest that investors are still skeptical about the relief provided by the easing of oil prices and President Donald Trump's decision to call off fresh military strikes against Iran, which raised hopes for a peace deal and reopening of the Strait of Hormuz.The Nikkei 225 closed down 265.36 points or 0.4% at 60,550.59.The bourse had opened on a positive note, lifted by the optimism in the local market after Japan's economy grew faster than expected in the first quarter, supporting further rate hikes by the Bank of Japan.According to a Cabinet Office report released Tuesday, real GDP grew at an annualized rate of 2.1% in the January-March period - before the full effects of the war in Iran began to materialize.On the corporate side, shares of JX Advanced Metals (TYO:5016) closed down nearly 5% after the company finalized the terms of its two tranches of zero-coupon convertible bonds due in 2029 and 2031.Also, Daiwa Securities (TYO:8601) shares closed up nearly 2% after a Nikkei Asia report said the company plans to allocate 100 billion yen into battery storage facilities by 2030.

Nikkei 225TYO:5016TYO:8601

Asia27d ago

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.)

TYO:8304TYO:8601

Asia38d ago

Market Chatter: Japan Eyes 24-Hour Blockchain Trading for Government Bonds

Japan is preparing to introduce round-the-clock trading of government bonds on blockchain networks as early as 2026, Nikkei Asia reported Friday.The move comes as Japan aims to reduce transaction costs and accelerate settlement times, the report said.Under the plan, Japanese government bonds will be tokenized, allowing them to be issued and traded digitally on blockchain platforms, according to the report.Authorities initially plan to focus on the repo market, where financial institutions borrow and lend funds using government bonds as collateral, the report said.A consortium set to launch in May will develop the trading infrastructure, with digital asset platform operator Progmat serving as secretariat, according to the report.Japan's three largest banking groups, along with Tokio Marine Holdings (TYO:8766), Daiwa Securities Group (TYO:8601) and SBI Securities, are expected to participate. The report said BlackRock Japan and State Street Trust & Banking will also join the initiative.(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:8601TYO:8766

Asia48d ago

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.

TYO:8591TYO:8601

Asia49d ago

Daiwa Securities' Profit Climbs 14% for Fiscal Year 2025

Daiwa Securities' (TYO:8601) profit attributable to owners of the parent climbed 14% to 175.3 billion yen for the fiscal year 2025 from 154.4 billion yen a year earlier.The investment banking group's net income per share increased to 124.15 yen from 107.64 yen a year ago, according to a Tokyo bourse filing on Monday.Net operating revenue jumped 12% to 720.4 billion yen for the full year ended March 31 from 646.0 billion yen in the prior year. Operating revenue gained 7% to 1.468 trillion yen from 1.372 trillion yen.It declared a final dividend of 35 yen per share, payable from June 1, according to a separate disclosure.The bank does not disclose earnings forecasts for the fiscal year 2026, as its performance is significantly influenced by market conditions.Daiwa plans to pay a minimum annual dividend of 44 yen per share for the year, aligning with its policy of more than 50% payout ratio.

TYO:8601