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TYO:8766

16 stories mentioning TYO:8766Updated 10d ago

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Asia

Market Chatter: Berkshire Eyes Larger Stakes in Japan Trading Houses, Says CEO

Berkshire Hathaway plans to expand its holdings in Japan's five largest trading houses while also seeking more joint ventures and M&A deals globally, Nikkei Asia reported Friday, citing CEO Greg Abel in an interview.Abel reaffirmed confidence in the trading houses Mitsubishi (TYO:8058), Itochu (TYO:8001), Mitsui (TYO:8031), Sumitomo (TYO:8053), and Marubeni (TYO:8002), the report said.(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

Tokio Marine HCC International Acquires UK-Based Direct Commercial

Tokio Marine (TYO:8766) subsidiary Tokio Marine HCC International acquired UK-based commercial motor managing general agent Direct Commercial, along with the latter's sister company, Direct Commercial Premium Finance, according to a Friday release.The financial terms of the deal were undisclosed.Established in 2002, Direct Commercial offers commercial motor products. The company writes over 200 million pounds sterling in gross written premiums, with over 200 employees.Shares of Tokio Marine rose nearly 1% in recent trade.

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Asia

Update: Market Chatter: Tokio Marine Eyes Large Acquisition; Australia's Suncorp Likely Target

(Updates to include Tokio Marine's response to a request for comment.)Tokio Marine Holdings (TYO:8766) is zeroing in on a sizable acquisition following a period of due diligence, with Australia-based Suncorp Group (ASX:SUN) arising as the most likely target, the Financial Times reported on Tuesday, citing two people with direct knowledge of the matter.The sources cautioned that the parties are continuing discussions and have not finalized a deal, the report said.The Japan-based financial services company, which has backing from Berkshire Hathaway, has scouted several acquisition prospects for the past months, including Insurance Australia Group (ASX:IAG), Suncorp and Canada-based Intact Financial, the report said.Tokio Marine, in response to, declined to comment on the matter.Meanwhile, Suncorp Group, Insurance Australia Group and Intact Financial did not immediately respond to' requests 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.)

ASX:IAGASX:SUNTYO:8766
Asia

Tokio Marine to Carry Out 15-for-One Stock Split, Introduce Shareholder Benefits Program

Tokio Marine (TYO:8766) plans to carry out a 15-for-one stock split and introduce a shareholder benefits program, according to a bourse filing on Tuesday.The stock split, which will increase the total number of issued shares to 29.01 billion from 1.934 billion, is effective Oct. 1, the filing said.Under the shareholder program, shareholders who hold at least 100 shares for three years will receive an initial benefit of electronic money or other benefits worth 7,500 yen, followed by annual benefits worth 2,500 yen. The first record date for the program will be March 31, 2027, it said.Shares of the insurer rose 2% at market close.

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Asia

Japanese Shares Rise as Chip Stocks Lift AI Optimism; Tokio Marine Eyes Suncorp Deal

Japanese stocks gained after chip stocks gained, renewing investor optimism on artificial intelligence investments ahead of key Nvidia results due on Wednesday.The benchmark Nikkei 225 rose 328.34 points, or 0.50%, to close at 65,856.43.Oil prices fell as U.S.-Iran tensions escalated, with Washington imposing new sanctions and Tehran pledging retaliation.On the corporate side, Tokio Marine Holdings (TYO:8766) is zeroing in on a sizable acquisition following a period of due diligence, with Australia-based Suncorp Group (ASX:SUN) arising as the most likely target, the Financial Times reported on Tuesday, citing two people with direct knowledge of the matter. Tokyo Marine shares closed 2% higher.Mitsui Fudosan Retail Fund Investment (TYO:8964) said it extended the commitment period of its 5 billion yen credit line with Sumitomo Mitsui Trust Bank by one year to Sept. 29, 2029.Also, ACSL (TYO:6232) said its board approved an international offering of 4.8 million new common shares, including 3.8 million shares to be underwritten and purchased by the underwriter, according to a Tokyo Stock Exchange filing on Tuesday.

Nikkei 225TYO:6232TYO:8766TYO:8964
Asia

Market Chatter: Tokio Marine Eyes Large Acquisition; Australia's Suncorp Likely Target

Tokio Marine Holdings (TYO:8766) is zeroing in on a sizable acquisition following a period of due diligence, with Australia-based Suncorp Group (ASX:SUN) arising as the most likely target, the Financial Times reported on Tuesday, citing two people with direct knowledge of the matter.The sources cautioned that the parties are continuing discussions and have not finalized a deal, the report said.The Japan-based financial services company, which has backing from Berkshire Hathaway, has scouted several acquisition prospects for the past months, including Insurance Australia Group (ASX:IAG), Suncorp and Canada-based Intact Financial, the report said.Tokio Marine, Suncorp Group, Insurance Australia Group and Intact Financial did not immediately respond to' requests 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.)

ASX:IAGASX:SUNTYO:8766
Tokio Marine's Quarterly Earnings Lifted by Insurance Growth, Investment Gains
US Markets

Tokio Marine's Quarterly Earnings Lifted by Insurance Growth, Investment Gains

Tokio Marine (TYO:8766) posted higher first-quarter net income as insurance revenue and investment gains increased, while international insurance continued to drive earnings.Net income attributable to owners of the parent rose to 264.3 billion yen from 256 billion yen the previous year, according to the company's results released Wednesday.Earnings per share rose to 138.16 yen from 133.38 yen in the prior year. Insurance revenue increased 12% to 2.05 trillion yen from 1.82 trillion yen."Both the top-line and bottom-line were mostly in line with plan," Tokio Marine said.Adjusted net income reached 28% of its full-year target of 950 billion yen, with international insurance at 26% of its 634 billion yen target and Japan insurance at 32% of its 305 billion yen target.North American specialty P&C benefited from favorable loss ratios excluding natural catastrophes, while employee benefits beat plan on higher medical stop-loss rates.EMEA lagged plan due to significant losses from the Middle East conflict, despite solid underlying underwriting.In Japan, adjusted net income fell, with Japan P&C down as the combined ratio worsened, hurt by higher auto claims severity and large losses in North American liability insurance.The company maintained its fiscal 2026 adjusted net income forecast of 950 billion yen and its forecast for net income attributable to owners of the parent at 830 billion yen.It also maintained its full-year dividend forecast at 245 yen per share.For Japan P&C, the company said the impact of rate increases in motor and other lines is expected to become more pronounced from the second quarter onward.Internationally, Tokio Marine expects continued premium growth while maintaining underwriting discipline.

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Asia

Japanese Stocks Rise On US Tech Earnings; Oil Gains

Japanese stocks gained on Wednesday after strong earnings from US technology companies increased investors' confidence in artificial intelligence spending.The benchmark Nikkei 225 closed up 553.84 points, or 0.83%, at 67,524.06.Oil prices rose as Houthi attacks in the Red Sea raised concerns about the safety of a key energy supply route, while escalating US-Iran tensions over a deadlock on opening the Strait of Hormuz added to the Middle East crisis.On the corporate side, Tokio Marine Holdings (TYO:8766) posted a 3.3% year-over-year increase in net income attributable to owners of the parent to 264.3 billion yen for the three months ended June 30 from 256 billion yen, according to a Wednesday release.Also, Archion (TYO:543A) posted an attributable profit of 251.5 billion yen in the fiscal first quarter, compared with a combined pro forma attributable profit of 18.2 billion yen a year ago.

Nikkei 225TYO:543ATYO:8766
Asia

Tokio Marine Holdings Attributable Income Rises 3% in Fiscal Q1

Tokio Marine Holdings (TYO:8766) posted a 3.3% year-over-year increase in net income attributable to owners of the parent to 264.3 billion yen for the three months ended June 30 from 256 billion yen.The Japan-based insurer's earnings per share increased to 138.16 yen from 133.38 yen a year ago, according to a Tokyo Stock Exchange filing on Wednesday.Insurance revenue jumped 12% to 2.05 trillion yen from 1.82 trillion yen in the year-ago period.For the fiscal year ending March 31, 2027, the company forecasts attributable income of 830 billion yen and basic EPS of 441.83 yen.The company plans to pay a second-quarter dividend of 122.50 yen per share for the current fiscal year.

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Asia

Tokio Marine's Profit Jumps 18% in Fiscal Year 2025

Tokio Marine's (TYO:8766) profit attributable to owners of the parent climbed 18% to 531.2 billion yen in fiscal year 2025 from 450.4 billion yen a year earlier.The insurer's earnings per share increased to 279.15 yen from 231.23 yen a year ago, according to a Tokyo bourse filing on Friday.Insurance revenue rose 4% to 7.694 trillion yen in the year ended March 31 from nearly 7.396 trillion yen in the prior year.Tokio Marine declared a final dividend of 91 yen per share for the fiscal 2025, payable from June 30.For fiscal year 2026, the company expects attributable profit of 830 billion yen and basic EPS of 441.83 yen.Tokio Marine plans to pay interim and year-end dividends of 122.50 yen per share each for the current year, higher than the amounts paid in the year-ago period.

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Asia

Market Chatter: Tokio Marine Eyes M&A in Australia, Canada to Diversify Overseas Earnings

Tokio Marine (TYO:8766) plans to diversify geographically through mergers and acquisitions in Australia, Canada and other markets, leveraging its partnership with Berkshire Hathaway, Nikkei Asia reported on Wednesday, citing President Masahiro Koike in a recent interview.The Japanese insurer has set a target to double adjusted net profit to 1.7 trillion yen by March 2036, and raise adjusted return on equity by 4.1 percentage points to 17%, the report said.Tokio Marine also aims to rank among the world's five most profitable insurers. Koike acknowledged, however, that the company remains behind European peers Allianz and AXA, according to the report.About 90% of Tokio Marine's overseas earnings currently come from North America, the report said.(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

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.)

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Asia

Tokio Marine's Net Income Slides 7.1% in Fiscal Year 2025

Tokio Marine's (TYO:8766) net income attributable to owners of the parent fell 7.1% to 980.4 billion yen for the fiscal year 2025 from 1.055 trillion yen a year earlier.The insurance company's basic net income per share declined to 515.55 yen from 542.16 yen a year ago, according to a Tokyo bourse filing on Wednesday.Ordinary income rose 5.1% to 8.872 trillion yen for the period ended March 31 from 8.44 trillion yen in the prior year.In a separate disclosure, Tokio Marine raised its final dividend to 112.50 yen per share from the initially planned 105.50 yen and above the 91 yen declared a year ago, payable from June 30.For the fiscal year 2026, the company expects attributable net income of 830 billion yen and net income per share of 441.83 yen.Tokio Marine plans to pay interim and year-end dividends of 122.50 yen per share, each, for the year, higher than the dividends declared in the year-ago period.

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Asia

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.)

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Asia

Japan Stocks Close Lower After Nikkei Briefly Tops 60,000

Japanese equities closed in negative territory on Monday, reversing early gains after the benchmark briefly crossed the 60,000 level, as profit-taking set in following a tech-led rally and easing geopolitical risk tied to the extended Iran-U.S. ceasefire.The Nikkei 225 ended 0.75% lower, or fell 445.63 points, to close at 59,140.23.The decline came as investors reassessed geopolitical risks and tracked softer U.S. futures, despite no further escalation in the Middle East.The Nikkei 225 briefly hit a record 60,013.98, with early gains supported by an extended Iran-U.S. ceasefire. While the ceasefire was prolonged following mediation efforts, tensions persisted as a U.S. naval blockade remained in place and Iran seized two vessels in the Strait of Hormuz.In economic news, Japan's private sector growth slowed to a four-month low in April as a surge in manufacturing-driven by supply concerns-was offset by softer services activity, with the S&P Global Flash Japan PMI Composite Output Index easing to 52.4 from 53.Rising input costs linked to energy and a weak yen pushed prices higher, while business confidence fell to its lowest level since August 2020 amid Middle East uncertainty.On the corporate front, Japan Petroleum Exploration (TYO:1662) rose 9% after outlining plans to boost oil and gas output to 180,000 bpd by 2035 with a 1.16 trillion yen investment, shifting focus toward energy security.Toyota Motor (TYO:7203) fell 2% after a report said it is reviewing a potential data breach involving seconded staff from insurers under Tokio Marine (TYO:8766) and MS&AD Insurance Group (TYO:8725).Note (TYO:5243) dropped 8% after its founder sold 2.8% of outstanding shares in a move aimed at improving stock liquidity.

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Asia

Market Chatter: Toyota Probes Unauthorized Data Access by Insurer Staff

Toyota Motor (TYO:7203) Toyota Motor (TYO:7203) is reviewing a potential data breach involving seconded staff from major non-life insurers after internal information was accessed without approval, Nikkei reported Thursday.The employees were dispatched from Tokio Marine & Nichido Fire Insurance, part of Tokio Marine (TYO:8766), as well as Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, both under MS&AD Insurance Group (TYO:8725), according to the report.The scope of the information has not been disclosed, though internal documents may be involved. The insurers are assessing how the access occurred and whether data protection or competition rules were breached, the report said.The case follows earlier compliance issues tied to seconded personnel, including data leaks at financial institutions and regulatory action in 2025 citing gaps in oversight and compliance practices across the sector, according to the report.(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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