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TYO:9531

4 stories mentioning TYO:9531Updated 20h ago

Every FINWIRES story that references TYO:9531, newest first.

Asia

Japanese Stocks Rise Amid Fed Rate Hold, Oil Falls

Japanese stocks gained after the US Federal Reserve kept interest rates unchanged and offered little clarity on its policy outlook, pushing the yield on 30-year Treasury bonds to its highest level in nearly 20 years.The benchmark Nikkei 225 closed up 433.24 points, or 0.71%, at 61,867.43.Oil prices slipped even as renewed tensions in the Middle East were sparked by the latest US retaliation following Iran's strikes on the US bases in the Gulf on Tuesday. The escalation could push oil prices higher again.On the corporate side, Toyota Motor (TYO:7203) reported its first-half global sales and production declined for the first time in two years, hit by slowing overseas demand, according to a Thursday release.Also, Tokyo Gas (TYO:9531) posted a 65% year-over-year decline in attributable profit for the fiscal first quarter to 35.6 billion yen from 101.7 billion yen.

Nikkei 225TYO:7203TYO:9531
Asia

Tokyo Gas' Fiscal Q1 Attributable Profit Slides 65%

Tokyo Gas (TYO:9531) posted a 65% year-over-year decline in attributable profit for the fiscal first quarter to 35.6 billion yen from 101.7 billion yen.EPS was 107.15 yen, compared with 282.35 yen a year earlier, according to a Tokyo bourse filing on Thursday.Net sales rose 4% to 673.4 billion yen from 647.3 billion yen for the three months ended June 30.For the fiscal year ending March 31, 2027, the company expects attributable profit of 137.0 billion yen, EPS of 418.28 yen and net sales of 2.947 trillion yen.The company plans to pay interim and year-end dividends of 60 yen per share each for the current year, higher than the year-ago period.

TYO:9531
Asia

Market Chatter: Japan Monitors LNG Supply Risks Amid Strike at Inpex's Ichthys Project

Japan is monitoring the impact of an ongoing strike at Inpex's (TYO:1605) Ichthys LNG project in Australia after a court rejected a bid to halt the action, Reuters reported on Wednesday, citing Industry Minister Ryosei Akazawa.Akazawa said the government remains in close contact with Inpex and is tracking labour negotiations, fuel procurement, and utilities' contingency measures to maintain stable energy supplies, the newswire said.The Offshore Alliance reportedly plans to extend the strike until July 6, potentially disrupting LNG shipments from the facility, which produces roughly 9.3 million tons annually, the publication said.The project is majority-owned by Inpex at 67.82%, with TotalEnergies, Taiwan's CPC, Osaka Gas(TYO:9532), Kansai Electric Power (TYO:9503), JERA and Toho Gas (TYO:9533) holding the remainder, the report said.Japanese utilities, including equity partners along with Kyushu Electric (TYO:9508) and Tokyo Gas( TYO:9531), collectively purchase about 5.7 million tons per year from the project, it said.Inpex declined to comment on the strike's effect on production or shipment volumes, the news agency 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.)

TYO:1605TYO:9503TYO:9508TYO:9531TYO:9532TYO:9533
Asia

Gas Malaysia Partners With Tokyo Gas and VTTI for Kedah LNG Terminal

Gas Malaysia (KLSE:GASMSIA) will commit 49.8 million ringgit toward the proposed liquefied natural gas (LNG) re-gasification terminal in Kedah, Malaysia, according to a Friday Malaysian bourse filing.Shares slid 1% in Monday's late afternoon trade.The project will be under a joint development agreement signed with Tokyo Gas (TYO:9531) and VTTI, with a total development cost of 72 million ringgit. Gas Malaysia will spearhead the joint venture as project lead, holding a dominant 70% participating interest, while Tokyo Gas and VTTI will each maintain a 15% equity stake.The agreement follows an earlier approval from Malaysia's Energy Commission.The partners will jointly carry out technical, commercial, and regulatory development work ahead of a final investment decision on the project.The terminal is expected to strengthen Malaysia's LNG import capacity, improve energy security and support industrial growth in the northern region, the filing said.

KLSE:GASMSIATYO:9531

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