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TYO:8729

5 stories mentioning TYO:8729Updated 5d ago

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Asia

Sony Financial Group Swings to Profit in Fiscal Q1

Sony Financial Group (TYO:8729) reported profit attributable to owners of the parent of 9.2 billion yen for the three months ended June 30 compared with a loss of 24.5 billion yen.The financial services company's earnings per share came in at 1.37 yen versus a loss of 3.43 yen a year ago, according to a Tokyo Stock Exchange filing on Monday.Operating revenues jumped 10.5% to 268 billion yen from 242.6 billion yen in the year-ago period.In a separate filing, the company revised its forecast for the fiscal year ending March 31, 2027. It now expects attributable profit of 23 billion yen versus a loss of 16 billion yen and operating revenues of 1.070 trillion yen from 1.050 trillion yen on lower-than-anticipated losses on sales of securities.

TYO:8729
Asia

Market Chatter: SoftBank Group Advances to Second Round of Bidding in Blackstone Payments Service Provider Sale

SoftBank Group's (TYO:9984) telecom unit SoftBank Corp. has been shortlisted for a potential bid on Blackstone's payments services provider SP.LINKS Inc., Bloomberg reported Wednesday, citing people familiar with the matter.The group, which will compete against an unnamed private equity fund, has until mid-July to place a bid, with the sellers seeking a price tag of 100 billion yen, the report said.Blackstone owns 80% o the business, with the remaining held by a unit of Sony Financial Group (TYO:8729).(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

Nikkei Slides Nearly 1% as Hawkish BOJ Rhetoric, Geopolitical Tensions Spook Investors

Japanese shares ended nearly 1% lower on Thursday after hawkish comments from a Bank of Japan board member strengthened expectations for additional interest-rate increases, with persistent inflation risks linked to the Iran conflict weighing on sentiment.The Nikkei 225 fell 0.98%, or 618.06 points, to close at 62,654.05.BOJ board member Kazuyuki Masu said rates should be raised "at the earliest stage possible" if data show no clear signs of an economic slowdown, comments that reinforced market expectations for a possible rate increase as early as June.Masu's remarks came after three other BOJ board members backed further tightening in April despite the central bank keeping rates unchanged, marking the biggest policy split under Governor Kazuo Ueda.The yen strengthened after Masu's speech and reports that Chinese President Xi Jinping told U.S. President Donald Trump that Taiwan remained the most sensitive issue in China-U.S. relations.On the corporate front, Eneos Holdings (TYO:5020) fell 4% after agreeing to acquire Chevron's downstream fuels and lubricants businesses across six Asia-Pacific markets for $2.17 billion.Yamabiko (TYO:6250) slipped 1% after saying it will liquidate its UAE subsidiary due to worsening instability in the Middle East.Meanwhile, Sony Financial Group (TYO:8729) dropped 5% after fiscal 2025 profit attributable to owners of the parent declined 30% and the company forecast a 16 billion yen attributable loss for fiscal 2026.

Nikkei 225TYO:5020TYO:6250TYO:8729
Asia

Sony Financial Group's Profit Drops 30% in Fiscal 2025

Sony Financial Group's (TYO:8729) profit attributable to owners of the parent fell 30% to 55.5 billion yen for the fiscal year 2025 from 78.8 billion yen a year earlier.The financial services company's basic net income per share declined to 7.96 yen from 11.02 yen a year ago, according to a Tokyo bourse filing on Thursday.Ordinary revenues rose 9.6% to 2.871 trillion yen for the period ended March 31 from 2.619 trillion yen in the prior year.It declared a final dividend of 3.80 yen per share, payable from June 4.For the fiscal year 2026, the company expects an attributable loss of 16 billion yen, adjusted net income of 110 billion yen, and operating revenue of 1.050 trillion yen.Sony Financial Group plans to pay interim and year-end dividends of 4 yen per share each for the year, totalling 8 yen per share, which is higher than the 3.80 yen per share paid in the year-ago period.

TYO:8729
Asia

Sony Financial Unit Ordered to Submit Reports Tied to Misconduct Handling, Customer Policy Review

Sony Financial (TYO:8729) said its unit, Sony Life Insurance, received an order from the Financial Services Agency to submit reports under the Insurance Business Act, according to a delayed Friday filing on the Tokyo Stock Exchange.The order relates to the insurer's handling of misconduct cases and an ongoing review of customer policy status. Sony Financial said the impact on its consolidated earnings is unclear.Sony Life said it takes the order seriously and will work to strengthen controls, prevent misconduct and improve oversight of customer policies. It plans to report progress on its internal review by the end of May.

TYO:8729

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