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Nintendo's Profit Surges 52% in Fiscal Year 2026

Nintendo's (TYO:7974) profit attributable to owners of the parent jumped 52% to 424.1 billion yen in fiscal year 2026 from 278.8 billion yen a year earlier.The gaming company's profit per share increased to 364.51 yen from 239.47 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales jumped 99% to 2.313 trillion yen in the year ended March 31 from 1.165 trillion yen in the prior year.In a separate disclosure, Nintendo raised its final dividend payment to 177 yen per share from 139 yen per share initially planned, payable from June 29.For the fiscal year 2027, the company expects attributable profit of 310 billion yen, profit per share of 268.90 yen, and net sales of 2.050 trillion yen.Nintendo plans to pay a total annual dividend of 162 yen per share for the year, lower than the amount paid in the year-ago period.

TYO:7974

Asia57d ago

Beijing Career International Unit to Fully Acquire U.K.-Based Managed Services Provider

Beijing Career International (SHE:300662) said U.K. subsidiary Investigo will acquire the remaining 30% equity in Caraffi for about 16.5 million pounds sterling.The deal uses a fixed payment plus earn-out mechanism tied to Caraffi's operating profits through 2030, according to a Friday filing with the Shenzhen bourse.Upon completion, Investigo will fully hold the voting and capital rights in the U.K.-based managed services provider.Shares of the human resources company closed 1% higher Friday.

SHE:300662

Asia57d ago

Prudential Buys Back Shares

Prudential (SGX:K6S, HKG:2378) bought back 252,594 shares in London on Thursday at an average price of about 11.83 pounds sterling apiece, according to a Friday Hong Kong bourse filing.The insurer intends to cancel the repurchased shares.Following the transaction, the company will have about 2.52 billion shares in issue.

HKG:2378SGX:K6S

Asia57d ago

Titan Company's Consolidated Profit Rises in Fiscal Q4; Shares Jump 6%

Titan Company's (NSE:TITAN, BOM:500114) consolidated net profit rose to 11.79 billion Indian rupees in the fiscal fourth quarter ended March 31, from 8.71 billion rupees a year ago.Earnings per share came in at 13.27 rupees from 9.82 rupees a year earlier, the watches and accessories company said in a filing to the Indian stock exchanges on Friday.Total revenue in fiscal Q4 also increased to 271.0 billion rupees from 150.3 billion rupees a year earlier.The board has recommended a dividend of 15.00 rupees per equity share of 1 rupee each.The company's shares were up over 6% in recent trade.

BOM:500114NSE:TITAN

Asia57d ago

KWG Group Logs 16% Drop in April Pre-Sales Value

KWG Group's (HKG:1813) pre-sales value slipped 16% year over year in April to 428 million yuan, according to a Friday Hong Kong bourse filing.The property firm's pre-sales area stood at roughly 17,900 square meters, down 33% from a year prior.

HKG:1813

Asia57d ago

Japan Tobacco's Profit Climbs 25% in Q1

Japan Tobacco's (TYO:2914) profit attributable to owners of the parent surged 25% to 197.0 billion yen for the first quarter from 157.5 billion yen a year earlier.The tobacco company's earnings per share increased to 110.97 yen from 88.68 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales rose 15% to nearly 924 billion yen for the three months ended March 31 from 801.9 billion yen in the prior year.For the year ending Dec. 31, the company expects an attributable profit of 570 billion yen, basic EPS of 321.06 yen, and revenue of 3.697 trillion yen.Japan Tobacco plans to pay interim and year-end dividends of 121 yen per share each for the year.

TYO:2914

Asia57d ago

Greenland Hong Kong Logs 2.56 Billion Yuan in January-April Contracted Sales

Greenland Hong Kong (HKG:0337) recorded contracted sales of roughly 2.56 billion yuan for the four months ended April 30, according to a Friday Hong Kong bourse filing.The property firm's gross floor area for the period reached approximately 308,423 square meters.

HKG:0337

Asia57d ago

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

Asia57d ago

Market Chatter: Thai Entity Suspected of Helping Alibaba Gain Nvidia Chips

A Thai entity advancing Thailand's artificial intelligence ambitions is suspected of smuggling Nvidia chips to China, including to data centers owned by Alibaba Group (HKG:9988), Bloomberg reported Friday, citing people familiar with the matter.According to the report, Bangkok-based OBON Corp. purchased $2.5 billion worth of servers containing advanced Nvidia chips from Super Micro Computer, some of which were later allegedly sent to Alibaba.U.S. prosecutors earlier this year charged Super Micro Computer co-founder Yih-Shyan "Wally" Liaw of violating U.S. export controls by working with a "rotating cast" of third-party brokers to send Nvidia chips to China.One of the entities that Liaw worked with was OBON Corp., the report said, citing people familiar with the matter.A spokesperson for Alibaba denied the allegation. "Alibaba has no business relationship with Super Micro, OBON or any third-party brokers who may have been mentioned in the indictment in question," the spokesperson reportedly told Bloomberg.(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.)

HKG:9988

Asia57d ago

Brother Enterprises Holding Gets India Regulatory Approval for Iodixanol API

Brother Enterprises (SHE:002562) subsidiary Jiangxi Brother Pharmaceutical obtained the registration certificate for its iodixanol active pharmaceutical ingredient from India's Central Drugs Standard Control Organisation.The certificate, valid until April 28, 2029, allows the company to officially market and sell the iodine contrast agent API in India, according to a Friday filing with the Shenzhen bourse.Iodixanol is used as a contrast agent during coronary angiography.

SHE:002562

Asia57d ago

Tianyu Pharma's Reflux Esophagitis API Clears CDE Review

Zhejiang Tianyu Pharmaceutical (SHE:300702) unit Zhejiang Jingsheng Pharmaceutical's vonoprazan fumarate active pharmaceutical ingredient passed the technical review of the Center for Drug Evaluation (CDE) in China.Vonoprazan fumarate is used to treat reflux esophagitis, according to a Friday filing with the Shenzhen bourse.Shares of the pharmaceutical company closed 1% higher Friday.

SHE:300702

Asia57d ago

Alldigi Tech's Consolidated Profit Rises in Fiscal Q4

Alldigi Tech's (NSE:ALLDIGI, BOM:532633) consolidated profit attributable to the owners increased to 288.8 million Indian rupees in the fiscal fourth quarter from 192.9 million rupees a year ago, according to a Thursday filing on Indian bourses.Shares of the company rose nearly 1% in Friday's trade.Earnings per share for the quarter ended March 31 climbed to 18.95 rupees from 12.66 rupees a year earlier.Revenue from operations of the outsourcing services provider climbed year on year to 1.55 billion rupees from 1.46 billion rupees.

BOM:532633NSE:ALLDIGI

Asia57d ago

Shakti Pumps' (India) Consolidated Profit Plunges in Fiscal Q4; Shares Plummet 8%

Shakti Pumps (India) (NSE:SHAKTIPUMP, BOM:531431) recorded a sharp decline in its consolidated profit to 383.3 million Indian rupees in the fiscal fourth quarter ended March 31, against 1.10 billion rupees a year ago.Shares of the company fell 8% in Friday's trade.Earnings per share plunged to 3.10 rupees compared with the year-ago figure of 9.17 rupees, according to a Thursday filing to the Indian stock exchanges by the pumps manufacturer.Revenue from operations in fiscal Q4 increased to 8.58 billion rupees from 6.65 billion rupees a year earlier.The company's board recommended a final dividend of 1 rupee per share for the financial year ended March 31.

BOM:531431NSE:SHAKTIPUMP

Asia57d ago

South Korean Shares Close Higher for Fourth Straight Session to Hit New High Despite Middle East Tensions

South Korean shares closed higher on Friday, hitting a new high in the fourth session of straight gains, despite escalated tensions in the Middle East.The Korea Composite Stock Price Index or Kospi increased by 7.95 points, or 0.1%, to end at 7,498. The Kosdaq also added 8.54 points, or 0.7%, to close at 1,207.72.The tension between the U.S. and Iran escalated on Friday after U.S. forces targeted Iranian military facilities that launched attacks against warships passing through the Strait of Hormuz, U.S. Central Command said.The U.S. military said in a statement that U.S. forces do "not seek escalation."Iran's armed forces said the U.S. military's airstrikes on Thursday night hit civilian areas along the coasts of Qeshm Island, Bandar Khamir and Sirik.In economic news, South Korea's current account surplus sharply rose to $37.33 billion in March from $23.19 billion in February, according to preliminary data from the Bank of Korea released Friday.Compared with the year-ago period, the figure rose from a surplus of $9.58 billion, the central bank said.The goods account registered a surplus of $35.07 billion. Exports rose by 56.9% on an annual basis to $94.32 billion, while imports increased 17.4% to $59.24 billion.In corporate news, Coway (KRX:021240) posted first-quarter net income attributable to shareholders of 182.02 billion won, up 31% from 138.9 billion won a year earlier, according to a Friday filing with the Korea Exchange.The South Korean household appliances manufacturer's sales rose 13% year over year to 1.329 trillion won from 1.174 trillion won.Shares of Coway rose nearly 1% at market close.

^KOSDAQKOSPI

Asia57d ago

Cost Synergies Key to Joint Venture Gains for PTT Global Chemical, S&P Says

Potential benefits from a proposed joint venture will materialize for PTT Global Chemical (BKK:PTTGC) only if it achieves cost synergies, S&P Global Ratings said in a recent release.The joint venture plans with SCG Chemicals Public could make PTT Global Chemical more competitive, but it also needs to ease pressure on feedstock sourcing and keep an efficient cost structure, the rating agency said.The company could increase its cash flow due to the deal through capital release, increased scale and diversity, and cost synergies, which would be credit positive, S&P said.However, less feedstock self-sufficiency or a more expensive cost structure would be credit negative, according to S&P.The company may also face limits to control and cash flow access due to a joint venture framework, the rating agency said.S&P forecasts the company's EBITDA for this year to exceed past estimates by 40% to 50% given increased prices for petrochemicals and refined fuel products.

BKK:PTTGC

Asia57d ago

Anhui Fengyuan Pharmaceutical Gets China Regulatory Approval for Pediatric Constipation Drug

Anhui Fengyuan Pharmaceutical (SHE:000153) obtained drug registration from China's medical products regulator for its compound polyethylene glycol and electrolytes powder.The prescription powder is indicated for treating chronic constipation in children, according to a Friday filing with the Shenzhen bourse.The approval is valid until April 28, 2031.Shares of the company closed 1% higher Friday.

SHE:000153

Asia57d ago

Shukra Pharmaceuticals Swings to Consolidated Loss in Fiscal Q4

Shukra Pharmaceuticals (BOM:524632) booked a consolidated net loss of 17.2 million Indian rupees in the fiscal fourth quarter ended March 31 against a profit of 53.9 million rupees a year earlier.Shares of the company fell 5% in recent trade.Loss per share stood at 0.04 rupees compared with earnings per share of 0.12 rupees a year ago, according to a Thursday filing to the Indian stock exchanges.Net sales in fiscal Q4 slipped to 63.2 million rupees from 132.7 million rupees a year prior.

BOM:524632

Asia57d ago

RailTel Bags INR249 Million AI Fraud Detection Order from New India Assurance

RailTel Corporation of India (NSE:RAILTEL, BOM:543265) secured an order worth 249.1 million Indian rupees from The New India Assurance Company, according to a filing to the Indian stock exchanges.The contract is for the procurement of an artificial intelligence and machine learning-based solution for monitoring and investigation of fraud, waste, and abuse of health insurance claims.The order will be executed by May 6, 2029.The company's shares were down over 1% in recent trade.

BOM:543265NSE:RAILTEL

Asia57d ago

Market Chatter: SoftBank Scales Back OpenAI Margin Loan Amid Lender Concerns

SoftBank Group (TYO:9984) has reduced the target size of a margin loan backed by its stake in OpenAI after some lenders raised concerns about valuing the privately held AI company, Bloomberg News reported Friday, citing people familiar with the matter.The Japanese technology investor and its advisers recently discussed raising as little as $6 billion, down from an earlier $10 billion target, the sources reportedly said.Talks with private credit firms, banks and hedge funds remain ongoing, and the final size could still change, the report said, citing the people.Some potential lenders expressed caution over using OpenAI shares as collateral because the company is unlisted and difficult to value. Broader concerns have also emerged over whether heavy AI investment will generate profits quickly enough, according to the report.SoftBank has borrowed heavily to fund aggressive investments in OpenAI as founder Masayoshi Son expands the group's AI strategy. The company secured a $40 billion loan in March and later committed another $30 billion to OpenAI, 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.)

TYO:9984

Asia57d ago

Sony's Profit Slips 3.4% in Fiscal Year 2025

Sony's (TYO:6758) net income attributable to owners of the parent dropped 3.4% to 1.031 trillion yen for the fiscal year 2025 from 1.067 trillion yen a year earlier.The consumer electronics and entertainment giant's earnings per share declined to 171.44 yen from 175.71 yen a year ago, according to a Tokyo bourse filing on Friday.Sales rose 3.7% to 12.48 trillion yen for the year ended March 31 from 12.035 trillion yen in the prior year.It declared a final dividend of 12.50 yen per share, payable from June 1.In a separate disclosure, Sony said it recorded a 100 billion yen loss on the valuation of its shares in affiliate Sony Honda Mobility (SHM) and a 25.2 billion yen provision for loss on SHM's business as extraordinary losses, following SHM's decision to discontinue its electric vehicle models.However, Sony notes these losses will be eliminated in its consolidated financial results, though it did recognize an additional 44.9 billion yen equity-method loss from SHM on a consolidated basis.For the fiscal year 2026, the company expects attributable net income of 1.16 trillion yen, and sales of 12.3 trillion yen.Sony plans to pay interim and year-end dividends of 17.50 yen per share, each, for the year, which is higher than the amount paid in the year-ago period.

TYO:6758

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