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TYO:8630

6 stories mentioning TYO:8630Updated 30d ago

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Asia Markets

Japanese Stocks Extend Gains as Fed Hike Hope Fades; Oil Gains

Japanese stocks rose marginally on Friday to end in the green as chipmakers gained investor confidence on artificial intelligence spending after cooling US inflation data eased expectations of a Federal Reserve rate hike next month.The benchmark Nikkei 225 closed up 405.21 points, or 0.59%, at 68,713.80.Oil prices gained after fresh US threats of an indefinite naval blockade of Iran revived supply concerns, amid rising US crude inventories as the deadlock over a possible US-Iran deal persisted.On the corporate side, MS&AD Insurance Group Holdings (TYO:8725) posted a 33% year-over-year rise in attributable net income for the fiscal first quarter to 328.6 billion yen from 246.4 billion yen, according to a Tokyo bourse filing on Friday.Also, Sompo Holdings' (TYO:8630) net income attributable to owners of the parent jumped 53% to 181.2 billion yen for the fiscal first quarter from 118.6 billion yen a year earlier.

Nikkei 225TYO:8630TYO:8725
Asia

Sompo Holdings' Net Income Soars 53% in Fiscal Q1

Sompo Holdings' (TYO:8630) net income attributable to owners of the parent jumped 53% to 181.2 billion yen for the fiscal first quarter from 118.6 billion yen a year earlier.The insurer's earnings per share declined to 203.14 yen from 127.41 yen a year ago, according to a Tokyo bourse filing on Friday.Insurance revenue increased 28% to 1.617 trillion yen for the three months ended June 30 from 1.264 trillion yen in the year-ago period.For the fiscal year ending March 31, 2027, Sompo expects attributable net income of 490 billion yen and basic EPS of 549.17 yen.The company expects to pay interim and year-end dividends of 100.00 yen per share each for the year.

TYO:8630
Asia

Toyota Takes Stake in Tier IV as Autoware Maker Plans Japan IPO

Toyota (TYO:7203) via Toyota Invention Partners is taking a stake in Japanese self-driving systems-focused startup Tier IV, according to the company's securities filing for its planned IPO on the Tokyo Stock Exchange Growth Market.The filing also revealed that Toyota, along with other Japanese corporations that are existing shareholders, entered into a 180-day lock-up agreement following the listing.The other shareholders include SOMPO (TYO:8630), Yamaha Motor (TYO:7272), Suzuki Motor (TYO:7269), Bridgestone (TYO:5108), Mitsubishi Corp. (TYO:8058), Sony Group (TYO:6758) and JR Central.Tier IV develops the open-source Autoware autonomous driving software and offers three core services, namely Mobility, Development, and Solution Services.The IPO is being jointly managed by Mitsubishi UFJ Morgan Stanley, Morgan Stanley MUFG, and SMBC Nikko, with a target listing date between July and December.

SHA:688272TYO:1871TYO:5108TYO:6758TYO:7203TYO:7269TYO:7272TYO:8058TYO:8630
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

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

Sompo's Net Income Surges 163% in Fiscal Year 2025

Sompo's (TYO:8630) 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.The insurer's earnings per share increased to 701.03 yen from 250.90 yen a year ago, according to a Tokyo bourse filing on Wednesday.Insurance revenue rose 6.1% to 5.373 trillion yen in the period ended March 31 from 5.066 trillion yen in the prior year.Sompo declared a final dividend of 76 yen per share, payable from June 23.For the fiscal year 2026, the company expects attributable profit of 490 billion yen and basic EPS of 549.17 yen.Sompo plans to pay interim and year-end dividends of 100 yen per share each for the year.

TYO:8630

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