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TYO:9432

6 stories mentioning TYO:9432

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Asia

Japanese Shares Close Higher After Trump Signals at End of Iran War

Japanese equities closed the week with gains lifted by optimism around President Donald Trump's claim that a resolution to the conflict with Iran has been reached.The Nikkei 225 jumped 1,802.77 points or 2.8% to close at 66,020.04.According to media reports, Trump claimed that the US "ended the war" with Iran and canceled the scheduled strikes and bombings against Iran.Sentiment was also boosted by the decline in global oil prices, which will help import-dependent Asian countries like Japan. Meanwhile, Prime Minister Takaichi told the cabinet on Thursday that Japan's July crude imports will fully avoid the Strait of Hormuz.On the economic front, Japan's industrial production rose 2% year over year in April, but was slower than the 2.4% expansion in March, according to final estimates from the Ministry of Economy, Trade and Industry (METI) released Friday.Japan's capacity utilization rate fell by a seasonally adjusted 0.8% month over month in April, easing from the 1.2% decline in the prior month, as per METI's estimates.On the corporate side, NTT Inc.'s (TYO:9432) unit, NTT Global Data Centers, is said to be working with Citigroup to secure new capital of at least $1 billion to invest in development projects in the US, according to a Bloomberg News report on Thursday, citing sources.Also, Japan's Fair Trade Commission is investigating Haseko Reform, a subsidiary of Haseko Corp (TYO:1808). The details of the probe were not disclosed.

Nikkei 225TYO:1808TYO:9432
Asia

Market Chatter: Japan's NTT Global Data Centers Eyes to Raise $1 Billion for US Data Center Projects

NTT Inc.'s (TYO:9432) unit, NTT Global Data Centers, is working with Citigroup Inc. to secure new capital of at least $1 billion to invest in development projects in the U.S., Bloomberg News reported Thursday, citing people familiar with the matter.Both entities are working to raise funds by selling stakes in a development vehicle focused on new U.S. data center projects, the people told the news agency. The fundraising could be expanded further, owing to investor demand, and may also include a credit facility, the report said, citing the sources.The discussions remain in the initial stages, and key details, including the timing and size of the fundraising, are subject to change, the people said, as cited in the report.NTT and Citigroup did not immediately respond to a query fromas of press time.Shares of NTT fell over 1% in recent trade.(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:9432
Asia

Market Chatter: Nippon Telegraph and Telephone Launches $500 Million Global Fund for Light-Based Communications Tech

Nippon Telegraph and Telephone (TYO:9432) or NTT is establishing a $500 million fund to advance its light-based IOWN communications technology, which sharply cuts power consumption, Nikkei reported Tuesday.The fund will be jointly operated with partners including SK Group, Chunghwa Telecom, and a leading U.S. venture capital firm, and is expected to launch by the end of this month, the news daily said.Approximately 20 companies, including Samsung Electronics (KRX:005930) and GlobalFoundries, are set to participate in the initiative, the publication said.With offices in Silicon Valley and Tokyo, the fund will target startups in silicon photonics and related software and telecom technologies, the report said.The partners will leverage their deep tech expertise to identify promising companies primarily in the U.S., Asia, and Europe, it added.(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.)

KRX:005930TYO:9432
Asia

NTT's Profit Edges Up 3.7% in Fiscal Year 2025

NTT's (TYO:9432) profit attributable to owners of the parent rose 3.7% to 1.037 trillion yen in the fiscal year 2025 from a little over 1 trillion yen a year earlier.The telecommunications company's earnings per share increased to 12.61 yen from 11.96 yen a year ago, according to a Tokyo bourse filing on Friday.Operating revenue climbed 5.1% to 14.4 trillion yen in the year ended March 31 from 13.7 trillion yen in the prior year.NTT declared a final dividend of 2.65 yen per share, payable from June 1.For fiscal year 2026, the company expects attributable profit of 980 billion, basic EPS of 12.10 yen, and operating revenue of 15.1 trillion yen.NTT plans to pay interim and year-end dividends of 2.70 yen per share each for the year, which is higher than the amount paid in the year-ago period.

TYO:9432
US Markets

NTT's Fiscal 2025 Profit Rises 3.7% as Revenue Reaches Record High

NTT's (TYO:9432) attributable profit jumped 3.7% during the year ended March 31 on record-high operating revenue.The Japanese telecommunication giant saw attributable profit rise to 1.037 trillion yen in fiscal 2025 from 1 trillion yen in fiscal 2024, according to a Friday filing with the Tokyo Exchange.Basic earnings per share grew to 12.61 yen from 11.96 yen.Operating revenue increased 5.1% to 14.4 trillion yen from 13.7 trillion yen a year earlier.Its integrated information and communications segment jumped 3.9% to 6.458 trillion yen from 6.213 trillion yen as the company expanded its customer base.The global solutions business segment grew 7.9% to 5.005 trillion yen from 4.639 trillion yen as demand for digitalization in the Japan segment grew and the company capitalized on full-stack solutions in its overseas segment.The telecommunications company's regional communications division saw a 3.1% growth to 3.210 trillion yen from 3.112 trillion yen amid business structure reform in operations harnessing digital transformation and artificial intelligence.Operating profit grew 3.4% to 1.706 trillion yen from 1.650 trillion yen.For fiscal 2026, NTT expects profit to decline 5.5% to 980 billion yen and operating revenue to rise 4.5% to 15.1 trillion yen. Operating profit may increase 0.2% to 1.710 trillion yen.Meanwhile, NTT set an interim target of up to 17 million tons for greenhouse gas emissions in 2030 before reaching net zero in 2040.The company plans to pay out a dividend of 5.4 yen per share in fiscal 2026, an increase for the 16th straight year.NTT also intends to buy back up to 14 billion shares for up to 200 billion yen between May 11, 2026 and March 31, 2027.

TYO:9432
Asia

Japan Approves Additional Funding for Chipmaker Rapidus

Rapidus has secured additional funding from Japan's New Energy and Industrial Technology Development Organization (NEDO) for its fiscal year 2026 plans to accelerate next-generation 2nm logic semiconductor development.The approval covers two projects: front-end process R&D for 2nm integration and short-TAT manufacturing, and back-end development for chiplet, package design, and manufacturing tech, according to a statement on Sunday.The approved funding totalled 631.5 billion yen, according to a Reuters News report, citing Japan's industry ministry.In fiscal year 2025, Rapidus verified Japan's first 2nm GAA transistor on 300mm wafers and prototyped the industry's first organic RDL interposer using a 600mm square panel.With the new budget, Rapidus will now progress toward its target of starting mass production in 2027.Rapidus was established in August 2022 with the support of eight major Japanese companies: Denso(TYO:6902), Kioxia(TYO:285A), MUFG Bank (TYO:8306), NEC(TYO:6701), NTT (TYO:9432), SoftBank(TYO:9984), Sony (TYO:6758), and Toyota (TYO:7203)

TYO:285ATYO:6701TYO:6758TYO:6902TYO:7203TYO:8306TYO:9432TYO:9984