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TYO:9433

5 stories mentioning TYO:9433Updated 6d ago

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Asia

Kyocera to Sell Nearly 53.7 Million KDDI Shares for 124.8 Billion Yen

Kyocera (TYO:6971) has agreed to tender nearly 53.7 million common shares of KDDI (TYO:9433) at 2,325 yen a piece or 124.8 billion yen in total.Following the sale, the ceramics and electronics company's shareholding in KDDI will decrease to 13.36% from 14.77%, according to a Tokyo bourse filing on Thursday.In its non-consolidated financial statements, Kyocera expects to record a non-recurring gain of 121.6 billion yen, though under IFRS the gain will be recorded as other comprehensive income.The tender offer period ran from May 13 to June 9, with settlement scheduled to begin on July 1.

TYO:6971TYO:9433
Asia

KDDI Finalizes 250 Billion Yen Tender Offer, Buying Back 107.5 Million Shares

KDDI (TYO:9433) has finalized its tender offer for treasury shares, purchasing 107.5 million ordinary shares at 2,325 yen each.The offer, which ran from May 13 to June 9, was oversubscribed with 107.7 million shares tendered against a planned 107.5 million shares.Due to the oversubscription, KDDI applied a pro-rata allocation method to determine purchases from tendering shareholders.Settlement is scheduled to begin on July 1,through Daiwa Securities.The buyback is part of a larger board-approved program authorizing the repurchase of up to 146 million shares for 300 billion yen by Jan. 31, 2027.

TYO:9433
Asia

Market Chatter: BlackRock Eyes 15% Stake in Go Ahead of Taxi App's June 16 Listing

BlackRock plans to acquire a 15.2% stake in Japanese taxi app Go for roughly 28 billion yen as part of the company's upcoming initial public offering, Nikkei Asia reported Tuesday.The purchase amounts to 11.81 million shares, the report said.Go detailed its secondary offering in a Monday statement, announcing plans to sell up to 36.9 million shares at an indicative price range of 2,350 to 2,400 yen per share, plus an overallotment option of up to 3.55 million shares managed by Nomura Securities.Major existing shareholders selling down their stakes include DeNA(TYO:2432), NTT DOCOMO, and Toyota (TYO:7203), along with domestic sellers such as Aioi Nissin Dowa Insurance, SMBC Trust Bank, KDDI (TYO:9433), and Dentsu Group (TYO:4324).(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:2432TYO:4324TYO:7203TYO:9433
Asia

KDDI's Full-Year Profit Rises 7.9%

KDDI's (TYO:9433) profit attributable to owners of the parent climbed 7.9% to 707.1 billion yen for the fiscal year ended March 31, from 655.4 billion yen a year earlier.The telecommunication company's earnings per share increased to 183.55 yen from 161.81 yen a year ago, according to a Tokyo bourse filing on Tuesday.Operating revenue rose 4.1% to 6.072 trillion yen from 5.836 trillion yen in the prior year.It declared a final dividend of 40 yen per share, payable from June 29.For the fiscal year ending March 31, 2027, the company expects adjusted attributable profit of 731 billion yen, adjusted basic EPS of 196.29 yen, and operating revenue of 6.41 trillion yen.KDDI plans to pay interim and year-end dividends of 42 yen per share each for the year, higher than the amount paid in the year-ago period.

TYO:9433
Asia

Market Chatter: KDDI to Enter Vietnam Mobile Market With VNPT Partnership

KDDI (TYO:9433) plans to launch mobile services in Vietnam later this year through a partnership with Vietnam Posts and Telecommunications Group or VNPT, expanding into the consumer segment, Nikkei reported Friday.The companies aim to roll out a new brand using the online prepaid model behind KDDI's povo2.0 service, allowing users to buy data as needed, according to the report.KDDI will provide technology and operational support, betting that the low-cost prepaid approach will gain traction in a market where many users lack bank accounts, the report said.The move builds on a tie-up formed last year and marks the first push into retail mobile services under the partnership. KDDI also plans to develop a broader ecosystem with VNPT, linking telecom services with finance and retail through rewards programs, 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.)

TYO:9433

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