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Food & Life Co. Sets Up Joint Venture with KYORITSU to Address Sustainable Marine Resources

Food & Life Co. (TYO:3563) has decided to establish a joint venture with KYORITSU, following a board resolution on May 27, according to a Tokyo bourse filing on Wednesday.The venture, named FOOD & LIFE KYORITSU MARINE (provisional), aims to resolve the social issue of sustainable marine resource utilization by supporting aquaculture production.Food & Life Co. will hold a 60% stake in the 100 million yen capital joint venture, scheduled to launch in October, making it a specified subsidiary of F&LC.

TYO:3563

Asia45d ago

Cummins India's Consolidated Profit Rises in Fiscal Q4; Shares Jump 12%

Cummins India's (NSE:CUMMINSIND, BOM:500480) consolidated attributable profit rose to 6.49 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.30 billion rupees a year ago.Earnings per share came in at 23.43 rupees versus 19.10 rupees a year earlier, the engine manufacturer said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 also increased 29.6 billion rupees from 24.3 billion rupees a year ago.The company's board recommended a final dividend of 46 rupees per equity share of face value 2 rupees each for the financial year 2025-26.Cummins' shares jumped nearly 12% in recent trade.

BOM:500480NSE:CUMMINSIND

Asia45d ago

Simplex Dishes Out Higher Year-End Dividend

Simplex (TYO:4373) declared a year-end dividend of 18 yen per share for the fiscal year ended March 31, matching earlier forecasts but significantly lower than the 50 yen per share paid a year ago, primarily due to a 4-for-1 stock split effective Dec. 1, 2025.The consulting firm said total dividend payment amounts to 4.03 billion yen, payable from retained earnings on June 1, according to a Tokyo bourse filing on Wednesday.The company's basic policy targets a consolidated dividend payout ratio of 40%.

TYO:4373

Asia45d ago

TVS Srichakra's Consolidated Profit Surges in Fiscal Q4; Shares Jump 12%

TVS Srichakra's (NSE:TVSSRICHAK, BOM:509243) consolidated attributable profit shot up to 360.9 million Indian rupees from 95.9 million rupees a year ago.Earnings per share came in at 47.13 rupees from 12.52 rupees a year earlier, the tire manufacturer said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 also rose to 9.81 billion rupees from 8.18 billion rupees a year ago.The company's board recommended a final dividend of 37.80 rupees per share on the face value of 10 rupees per share for the financial year 2025-26.TVS' shares shot up 12% in recent trade.

BOM:509243NSE:TVSSRICHAK

Asia45d ago

Suning.com's Executives to Raise Stake in Company

Suning.com's (SHE:002024) executives plan to increase their holdings in the company by no less than 6 million yuan, according to a Wednesday disclosure on the Shenzhen bourse.The executives, including Chairman Ren Jun, will raise their stake through centralized bidding from Wednesday, May 27 until Aug. 26.The Chinese retailer's shares jumped 5% at the close.

SHE:002024

Asia45d ago

Market Chatter: 'Business as Usual' for China Drugmakers Despite Scrutiny of Cross-Border Tech Deals, JW Therapeutics CEO Says

The Chinese pharmaceutical sector remains unaffected by Beijing's restrictions on cross-border deals involving sensitive technology, Reuters reported Tuesday, citing JW (Cayman) Therapeutics (HKG:2126) CEO Leo Tian."For us, everything is business as usual. Our cross-border collaborations, especially in CGT (cell and gene therapies), are particularly ⁠dependent on international cooperation," Reuters quoted Tian as saying.JW is "actively seeking cooperation" with companies outside China for assets in its pipeline, the report said, citing Tian.Global pharmaceutical companies have been ramping up their search for China‑developed experimental drugs in a bid to cut costs before their patents expire, Reuters said.Industry analysts have forecast drug licensing deals to rise to a record in 2026, 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.)

Shanghai Composite^SZSEHKG:2126

Asia45d ago

Tokyo Kiraboshi Financial Group to Receive 8 Billion Yen Dividend from Subsidiary for UI Bank Capital Increase

Tokyo Kiraboshi Financial Group (TYO:7173) will receive a dividend of 8 billion yen from its consolidated subsidiary, Kiraboshi Bank, on June 1, to help fund a capital increase of UI Bank.The dividend will be recorded as operating income in the company's non-consolidated financial statements for the fiscal year ending March 31, 2027, according to a Tokyo bourse filing on Wednesday.However, because the dividend originates from a consolidated subsidiary, it will have no impact on the Group's consolidated financial results for the same period.The disclosure was made as the event requires submission of an extraordinary report under Japan's Financial Instruments and Exchange Act.

TYO:7173

Asia45d ago

SGSG's Delisting Risk Lifted

SGSG Science & Technology's (SHE:300561) delisting risk was lifted on Wednesday, according to a same-dated filing on the Shenzhen bourse.The software developer received a delisting warning in April 2025 after reporting negative earnings in its 2024 report and failing to execute controls over sales operations.The Shenzhen Stock Exchange approved the company's application to remove the delisting risk after the company underwent rectification in their internal controls.Trading of SGSG's shares were temporarily suspended.

SHE:300561

Asia45d ago

ICICI Securities Upgrades Nazara Technologies to Add from Hold; Price Target is INR330

Nazara Technologies (BOM:543280, NSE:NAZARA) has an average rating of overweight and mean price target of 310 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:543280NSE:NAZARA

Asia45d ago

JM Financial Downgrades Aequs to Reduce from Buy; Price Target is INR210

BOM:544634NSE:AEQUS

Asia45d ago

Nomura Adjusts Lloyds Metals and Energy's Price Target to INR2,050 From INR1,600, Keeps at Buy

Lloyds Metals and Energy (NSE:LLOYDSME) has an average rating of overweight and mean price target of 2,000.14 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:512455NSE:LLOYDSME

Asia45d ago

Kanto Denka Kogyo Declares Higher Final Dividend

Kanto Denka Kogyo (TYO:4047) declared a year-end dividend of 11 yen per share for the fiscal year ended March 31, matching earlier forecasts and higher than the 9 yen paid a year ago.The total dividend payment amounts to 632 million yen, payable from retained earnings on June 29, according to a Tokyo bourse filing on Wednesday.The company's basic policy targets a consolidated dividend payout ratio of 30%, as revised from 20% in November 2023.

TYO:4047

Asia45d ago

Mitsui Fudosan Accommodations Fund Borrows 5.5 Billion Yen Across Three Loans

Nippon Accommodations Fund (TYO:3226) has agreed to borrow a total of 5.5 billion yen from Sumitomo Mitsui Trust Bank, Kiraboshi Bank, and Hachijuni Nagano Bank, with loan drawdown scheduled for May 29, according to a Tokyo bourse filing on Wednesday.The REIT said the loans carry floating interest rates based on JBA Japanese Yen TIBOR plus a spread, with maturities ranging from August 2026 to May 2033.Proceeds will be used to repay existing borrowings, including a 2 billion yen loan from Sumitomo Mitsui Trust, another 2 billion yen from Chugoku Bank and 1.5 billion yen from Hachijuni Nagano Bank.Total interest-bearing debt remains unchanged at 173.7 billion yen following the transaction.

TYO:3226

Asia45d ago

Market Chatter: Foreign-Branded Mobile Phone Shipments in China Rise 1.8% in April

Foreign-branded mobile phone shipments in China grew 1.8% year over year in April to about 3.6 million units, Reuters reported Tuesday, citing its own calculations from data released by the China Academy of Information and Communications Technology.Overall phone shipments in China jumped 2.8% year over year to 25.7 million units, 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.)

Shanghai Composite^SZSE

Asia45d ago

Gillette India's Profit Rises in Fiscal Q4; Shares Jump 6%

Gillette India's (NSE:GILLETTE, BOM:507815) profit rose to 1.93 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.59 billion rupees a year ago.Earnings per share came in at 59.08 rupees from 48.70 rupees a year earlier, the personal care products company said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 also increased to 7.92 billion rupees from 7.67 billion rupees a year ago.The board of directors recommended a final dividend of 60 rupees per equity share of nominal value of 10 rupees each forthe financial year ended March 31. The dividend will be paid by Sept. 18.The company's shares were up nearly 6% in recent trade.

BOM:507815NSE:GILLETTE

Asia45d ago

Tianshun Supply Chain to Deregister Subsidiary

Xinjiang Tianshun Supply Chain (SHE:002800) will deregister an internet services subsidiary after getting board approval, according to a Wednesday filing on the Shenzhen bourse.Horgos Dadao Technology will be deregistered after losses in the first quarter.The logistics company's shares fell 2% at the close.

SHE:002800

Asia45d ago

GMS Group to Acquire 1.54 Million Treasury Shares from Subsidiaries via In-Kind Dividend

Nissei Plastic Industrial and Toyo Innovex, both wholly owned subsidiaries of GMS Group (TYO:544A), have resolved at their extraordinary general meetings to distribute all GMS Group shares they hold back to the parent company as a dividend in kind.The injection moulding machine maker said the move is required under the Companies Act, which mandates that subsidiaries dispose of parent company shares within an appropriate period.As a result, GMS Group will acquire 1.54 million treasury shares on May 28. Following the acquisition, total issued shares excluding treasury shares will decrease to 69.4 million shares, a reduction of 1.54 million shares.

TYO:544A

Asia45d ago

LY Corp. Clears Thai Regulatory Hurdle for Line Man Acquisition

LY Corp. (TYO:4689) received notification from Thai authorities on May 14, confirming that no approvals or permits are required for the additional acquisition of shares in Line Man Corp. through its subsidiary.The company had already integrated Line Man as a consolidated subsidiary on September 30, 2025, while awaiting the final conclusion of the cross-border regulatory review. With the statutory clearance now finalized, the Tokyo-based tech firm plans to formally execute and settle the additional share acquisition by August 2026.LY Corp. projects holding over 81 million Line Man Corp. shares, giving them 60.9% of the voting rights, once the transaction is finished.

TYO:4689

Asia45d ago

Kissei Pharmaceutical Submits NDA in Japan for AML Drug Olutasidenib

Kissei Pharmaceutical (TYO:4547) has submitted a new drug application in Japan seeking manufacturing and marketing approval for olutasidenib, a treatment for relapsed or refractory acute myeloid leukemia with a susceptible IDH1 mutation.The drug works by inhibiting the IDH1 metabolic enzyme to restore normal cell differentiation and was originally discovered by Forma Therapeutics, according to at Tokyo bourse filing on Wednesday.Kissei acquired exclusive development and sales rights for Japan, South Korea, and Taiwan from Rigel Pharmaceuticals in September 2024, following olutasidenib's U.S. approval in December 2022.Kissei remains focused on developing new treatments for rare diseases with limited therapeutic options.The submission's impact is already reflected in the company's consolidated financial forecast for the fiscal year ending March 31, 2027.

TYO:4547

Asia45d ago

Mrs. Bectors Food Specialities' Consolidated Net Profit Climbs in Fiscal Q4

Mrs. Bectors Food Specialities' (NSE:BECTORFOOD, BOM:543253) consolidated net profit rose to 354.1 million Indian rupees in the fiscal fourth quarter ended March 31 from 342.8 million rupees a year ago.Earnings per share climbed to 1.15 rupees from 1.12 rupees a year earlier, the bakery products manufacturer said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 was up at 4.86 billion rupees from 4.46 billion rupees a year ago.The company's board recommended a final dividend of 0.70 rupees per equity share, having a face value of 2 rupees each, for the fiscal year ended March 31.

BOM:543253NSE:BECTORFOOD

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