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King Jim Rolls Out Japan Design Collection for Tourists

King Jim (TYO:7962) will release its Japan Design Collection in June, featuring Japan-themed stationery positioned as souvenirs for visitors, according to a company announcement.The lineup includes chopstick-style pens with origami sleeves, slim card wallets with traditional motifs, and privacy rollers with designs such as Mt. Fuji.The collection marks the company's first push targeting tourists, as inbound travel lifts demand for Japanese stationery known for design and variety, according to a Thursday Nikkei report.

TYO:7962

Asia116d ago

Cota Says Cyberattack Was Ransomware, No Data Leak Confirmed

Cota (TYO:4923) said a recent system disruption was caused by a ransomware attack, with no data leakage confirmed, according to a delayed Thursday filing on the Tokyo Stock Exchange.The company said it isolated affected systems and disconnected networks to contain the incident. Operations including production, orders and shipments continue as normal.

TYO:4923

Asia116d ago

Activist Investor Urges Daikin to Lift Margins, Boost Shareholder Returns

Elliott Investment Management and Elliott Advisors (UK) said Daikin Industries (TYO:6367) is undervalued and urged the Japanese firm to improve performance in its upcoming midterm plan, according to a Thursday statement.The activist investor called for measures to expand margins, enhance shareholder returns and review non-core businesses.Elliott said it aims to work with the company to deliver a credible plan that narrows performance and valuation gaps with peers.

TYO:6367

Asia116d ago

Market Chatter: Japan, EU Firms Deepen Defense Ties as Geopolitical Risks Rise

Japanese and European companies plan to join a new framework linking the two sides' defense industries, as geopolitical tensions drive efforts to secure supply chains, Nikkei reported Thursday.The initiative will be discussed at the first Japan-EU defense industry dialogue on Friday, with nearly 20 European participants including Airbus, Thales, Dassault Systemes, Leonardo, Saab and PGZ, alongside about 30 Japanese companies and organizations such as Subaru (TYO:7270), Hitachi (TYO:6501), IHI (TYO:7013), Mitsubishi Corp. (TYO:8058) and Sumitomo Corp (TYO:8053), according to the report.European officials are seeking collaboration with Japanese firms on dual-use technologies and other capabilities to reinforce regional supply chains, while Japanese companies view Europe as a gateway for global expansion, the report said.The talks come as the EU looks to reduce reliance on the U.S. for security and expand partnerships, while Japan positions defense as a key growth sector and aims to access European funding frameworks, 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.)

Nikkei 225TYO:6501TYO:7013TYO:7270TYO:8053TYO:8058

Asia116d ago

Kerjaya Prospek Seeks Renewal of Share Buyback Mandate

Kerjaya Prospek (KLSE:KERJAYA) is seeking its shareholders' approval to renew authority to repurchase the issued shares in the company's upcoming annual general meeting, according to a Wednesday Malaysian bourse filing.Shares gained over 1% in Thursday's midday trade.The construction company will share a statement containing details of the repurchase plan with shareholders in due time, it noted.

KLSE:KERJAYA

Asia116d ago

Evolution Mining's March Quarter Results 'Mixed' With Gold Production in Line With Expectations, Jarden Says

Evolution Mining's (ASX:EVN) March quarter results were "mixed" with gold production in line with Jarden's estimate but slightly below consensus, while copper output beat the research firm's estimate but remained more than 20% below consensus, said Jarden in a Wednesday note.The company on Wednesday reported group production of 170,137 ounces of gold for the March quarter, down from 179,778 ounces of gold for the March 2025 quarter.Jarden expects the company to report 3.26 billion operating earnings before interest, taxes, depreciation, and amortization (EBITDA) in fiscal 2026 with operating revenue of AU$5.63 billion.The research firm added that Capricorn Metals (ASX:CMM) remains its sector preference on relative and absolute value, the "strongest" growth profile, and "sector-leading" management.Jarden maintained its underweight rating on Evolution Mining and increased its price target to AU$8.60 from AU$8.50.The company's shares fell almost 5% in recent Thursday trade, while Capricorn Metals' shares shed about 3%.

ASX:CMMASX:EVN

Asia116d ago

Yangzijiang Shipbuilding Sets Up Unit for Vessel Delivery, Repair Operations in Jiangsu, China

Yangzijiang Shipbuilding (SGX:BS6) established a subsidiary in Jiangsu Province, China, named Jiangsu Yangzi Hongda Shipbuilding and Repair, according to a Wednesday filing with the Singapore Exchange.Shares of the shipbuilding and repair company were up over 1% in Thursday trading.The new subsidiary has a registered capital of $100 million and will undertake the development and operation of facilities for large vessel delivery, repair and conversion services.The capital contribution will be carried out through internal resources, the filing added.

SGX:BS6

Asia116d ago

Hainan Airlines' Passenger Capacity Rises 6% in March

Hainan Airlines' (SHA:600221, SHA:900945) available seat kilometers, which measure passenger capacity, rose 5.9% year on year to 13.5 billion passengers in March, according to a Thursday filing on the Shanghai bourse.The revenue passenger kilometers jumped 9.2% from a year earlier to 11.5 billion yuan.The company's cargo and mail volume climbed 3.2% year on year to 46,850 tons.

SHA:600221SHA:900945

Asia116d ago

HD Hyundai Heavy Industries Wins KRW398.5 Billion Pure Car and Truck Carriers Order; Shares Rise 4%

HD Hyundai Heavy Industries (KRX:329180) won an order for pure car and truck carriers from a European shipping company, according to a Thursday filing with the Korean Exchange.The deal is valued at 398.5 billion won. The shipbuilder will deliver the vessels by March 31, 2029.Shares of HD Hyundai Heavy Industries rose nearly 4% in recent trade.

KRX:329180

Asia116d ago

Nufarm's Fiscal H1 Update 'Encouraging,' But Shares Already Priced for Improvement, Jefferies Says

Nufarm's (ASX:NUF) pre-announcement of a fiscal first-half 2026 earnings before interest, taxes, depreciation, and amortization range of AU$236 million to AU$244 million was an "encouraging" update, pointing to positive momentum into April and the normal operations of supply chains, Jefferies said in a Wednesday note."While positive, leverage remains high (1H26e: 3.6x) for a business with volatile earnings, and we would like to see more evidence of stabilization in [crop protection] markets given pressured farmer profitability," the equity research firm said.It added that Nufarm's Omega-3 break-even costs are still higher than fish oil equivalent pricing, indicating continued margin pressure for the company's growth platform, but full deregulation, potentially from 2028, could improve the cost profile.Jefferies maintained a hold rating on the company, saying that it is advancing in the right direction but its shares are already priced for improvement. The equity research firm also raised its price target on the company's shares to AU$2.66 from AU$2.58 based on a sum-of-the-parts valuation."Overall, we see better opportunities in other industrial cyclical names with better returning businesses and less volatile earnings profiles," Jefferies said.Nufarm's shares were up almost 2% in recent Thursday trade.

ASX:NUF

Asia116d ago

Jiangsu Lopal Tech Expects Q1 Profit; Shares Up 19%

Jiangsu Lopal Tech (SHA:603906, HKG:2465) said it expects 200 million yuan to 250 million yuan in attributable profit for the first quarter of 2026, a turn around from 25.9 million yuan loss in the same quarter of 2025, according to a Hong Kong bourse filing Wednesday.Shares of the automotive specialty chemicals seller gained over 19% in late morning Hong Kong trade Thursday.Operating revenue is expected to rise 107.5% to 126% to 3.30 billion yuan to 3.60 billion yuan, the firm said.The firm attributed the turn around to a growth in its lithium iron phosphate business.

HKG:2465SHA:603906

Asia116d ago

InnoTek Completes SG$16 Million Private Placement

InnoTek (SGX:M14) raised SG$16 million through the private placement of 24.6 million shares at SG$0.6506 each, according to a Wednesday filing with the Singapore Exchange.Shares of the precision components manufacturer were down over 1% in Thursday trading.Proceeds will be deployed for initiatives in AI server components, liquid cooling, and new energy.Separately, the company's chief executive officer, Lou Yiliang, will undertake a vendor share sale on April 20, selling 6.15 million shares at SG$0.6506 each to raise about SG$4 million.

SGX:M14

Asia116d ago

New Home Prices in China's Top-Tier Cities See Monthly Rise in March

Prices of new residential properties in China's top-tier cities increased month on month by 0.2% in March, according to data from the National Bureau of Statistics released Thursday.The data for March reversed the flat performance seen in the previous month, the NBS said.Across second- and third-tier cities, sales of commercial residential properties fell 0.2% and 0.3%, respectively.On a yearly basis, new home prices in first-tier cities slid 2.2%, while those in second-level cities edged down 3.3%,Used home prices in first-tier saw a 0.4% increase, reversing from a 0.1% decline, while those in second- and third-tier cities slipped 0.2% and 0.4%, respectively.On a yearly basis, prices plunged 7.4%

Shanghai Composite^SZSE

Asia116d ago

Yageo's Profit Soars 45% in Q1

Yageo's (TPE:2327) net profit attributable to the parent jumped 44.7% year on year to NT$8.0 billion, or NT$3.90 per share, for the first quarter, according to a Wednesday Taiwan Exchange filing.Revenue for the period also increased 22.7% to NT$38.2 billion.Margins improved during the quarter, with gross margin at 38.1% and operating margin at 25.2%, both higher on a quarterly and annual basis.The electronic component manufacturer attributed growth to continued momentum in AI-related demand and steady gains across standard and specialty products.Yageo said it remains cautious amid geopolitical uncertainties, adding it will monitor tariffs, exchange rates and rising raw material costs in future.

TPE:2327

Asia116d ago

China Gas Industry Investment to Transfer Loans Worth 118 Million Yuan to Controlling Shareholder

China Gas Industry Investment (HKG:1940) agreed to assign three loans totaling 118 million yuan to its controlling shareholder, according to a Wednesday Hong Kong bourse filing.Shares of the gas company were down nearly 2% in late-morning trade on Thursday.The loans, along with accrued interest, will be transferred to Tangde Gas for a consideration equal to the outstanding principal.The receivables, extended in 2020, have been overdue since maturity and were fully provided for in the company's accounts.The transaction will generate cash proceeds and support the group's financial position, with net proceeds to be used for general working capital.

HKG:1940

Asia116d ago

Virgin Australia Remains in Strong Financial, Strategic Position Due to Conservative Approach to Fuel Hedging, Jarden Says

Virgin Australia Holdings (ASX:VGN) remains in a strong financial and strategic position due to its conservative approach to fuel hedging over fiscal 2026, Jarden said in a note on Wednesday.The airline flagged an increase of fuel costs for the fiscal 2026 second half of around AU$30 million to AU$40 million. Revenue-per-available-seat-kilometer growth is expected to be around 5% in the second half, and 6% in the fourth quarter of fiscal 2026, compared with previous second half guidance of 3% to 4%. Total domestic capacity is now expected to increase 1% in the second half and fall 1% in the fourth quarter.Jarden forecast a higher fuel cost burden in fiscal 2027 than fiscal 2026, especially the first half of fiscal 2027. It modeled a net earnings before interest and taxes (EBIT) impact, after revenue management, of around AU$14 million per quarter in fiscal 2027 from fuel costs exceeding revenue capture.It lowered its fiscal 2026 EBIT forecasts to AU$751 million, and its fiscal 2027 group EBIT forecast to AU$790 million from AU$817 million.The investment firm retained its buy rating on Virgin Australia and reduced the price target to AU$3.80 from AU$4.Virgin Australia's shares soared almost 5% in recent Thursday trade.

ASX:VGN

Asia116d ago

King Yuan Electronics to Acquire Machinery Equipment Worth NT$1 Billion; Shares Drop 3%

King Yuan Electronics (TPE:2449) approved the acquisition of 197 sets of machinery equipment worth about NT$1.03 billion, according to a Wednesday Taiwan Exchange filing.Shares slid about 3% in Thursday's afternoon trade.The equipment was purchased from Tokyo Electron, and will be used for production purposes.

TPE:2449

Asia116d ago

HD Korea Shipbuilding Secures KRW346.6 Billion Order for Two LPG Carriers

HD Korea Shipbuilding & Offshore Engineering (KRX:009540) secured an order for two LPG carriers from an unnamed European shipowner.The deal is valued at 346.6 billion won. The shipbuilder will deliver the vessels by April 30, 2029, according to a Thursday filing with the Korean Exchange.Shares of HD Korea Shipbuilding & Offshore Engineering rose 1% in recent trade.

KRX:009540

Asia116d ago

Marketingforce Management's AI Revenue Jumps 111% in Q1; Shares Rise 14%

Marketingforce Management (HKG:2556) said revenue from its AI application business rose about 111% in the first quarter, according to a Wednesday Hong Kong bourse filing.Shares of the marketing and sales software company were up nearly 14% in late morning trade on Thursday.

HKG:2556

Asia116d ago

Sequoia Financial Group Says ASX Will Not Require Shareholder Approval for InterPrac Disposal

Sequoia Financial Group (ASX:SEQ) received confirmation from the Australian Securities Exchange (ASX) that the regulator will not require it to obtain shareholder approval for the proposed disposal of InterPrac Financial Planning to Conquest Investment Partners, according to a Thursday Australian bourse filing.The company said ASX will not require it to re-comply with chapters 1 and 2 of the ASX listing rules or obtain shareholder approval under listing rules 11.1.2 or 11.2 in respect of the proposed transaction.Sequoia Financial Group's shares rose 1% in recent Thursday trade.

ASX:SEQ

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