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Meiko Network Japan Cancels 2 Million Shares

Meiko Network Japan (TYO:4668) has completed the cancellation of 2 million treasury shares, or 7% of shares outstanding before the move, according to a Tuesday filing on the Tokyo Stock Exchange.The cancellation reduces total shares issued to 25.8 million, with treasury stock at 339,269 shares, or 1.31% of the total. The company said it will use remaining treasury shares for restricted stock awards for executives and employees.

TYO:4668

Asia64d ago

Procrea Reports 11.8 Billion Yen Unrealized Loss on Bond Holdings

Procrea Holdings (TYO:7384) reported unrealized losses on held-to-maturity bond holdings at its banking unit as of the end of fiscal 2026, according to a Tuesday filing on the Tokyo Stock Exchange.The company said total unrealized losses stood at 11.77 billion yen, based on securities held by its consolidated subsidiary Aomori Michinoku Bank.The losses amounted to about 484% of consolidated ordinary profit and roughly 959% of profit attributable to owners of the parent for the fiscal year ended March 2025.The book value of the securities was 245.8 billion yen, compared with a market value of 234.1 billion yen.

TYO:7384

Asia64d ago

HD Hyundai Electric's Net Attributable Income Jumps 35% in Q1

HD Hyundai Electric (KRX:267260) posted first-quarter net income attributable to shareholders of 208.1 billion won, up 35% from 154.1 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.The South Korean motor and generator manufacturing company's sales rose 2.1% year over year to 1.037 trillion won from 1.015 trillion won.Shares of HD Hyundai Electric fell over 5% at market close.

KRX:267260

Asia64d ago

Dajin Heavy Industry's Q1 Profit Increases 88%

Dajin Heavy Industry's (SHE:002487) attributable profit rose 88% to 434.6 million yuan in the first quarter from 231 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the wind power equipment manufacturer increased 89% to 0.68 yuan from 0.36 yuan in the prior-year period.Operating revenue grew 67% year over year to 1.91 billion yuan from 1.14 billion yuan.

SHE:002487

Asia64d ago

CNOOC's Profit Rises 7% in Q1

CNOOC (HKG:0883, SHA:600938) posted net profit attributable to shareholders of 39.1 billion yuan for the first quarter, up 7.1% from 36.6 billion yuan a year earlier, according to a Tuesday Hong Kong bourse filing.Earnings per share at the oil giant came in at 0.82 yuan, compared with 0.77 yuan in the prior-year period.Revenue rose 8.6% to 116.1 billion yuan from 106.9 billion yuan a year earlier.

HKG:0883SHA:600938

Asia64d ago

37 Interactive Entertainment Network's Attributable Profit Rises 59% in Q1

37 Interactive Entertainment Network Technology's (SHE:002555) attributable profit rose 59% to 873.3 million yuan in the first quarter from 549.2 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the online game publisher increased 60% to 0.40 yuan from 0.25 yuan in the prior-year period.Operating revenue declined 12% year over year to 3.72 billion yuan from 4.24 billion yuan.

SHE:002555

Asia64d ago

Toenec Raises Medium-Term Plan Targets on Strong Demand

Toenec (TYO:1946) has raised its financial targets under its Medium-term Management Plan 2027 after achieving earlier goals ahead of schedule, supported by strong private-sector investment and productivity gains, according to a Tuesday filing on the Tokyo Stock Exchange.The company now targets consolidated net sales of 310 billion yen for fiscal 2027, up from the prior 270 billion yen, and ordinary profit of 26 billion yen versus 18 billion yen previously. It also lifted its return on equity goal to 10.5% from 8.0%.TOENEC said it reached its previous targets for the fiscal year ended March 2026 earlier than planned, driven by steady capital spending, Kaizen-led efficiency gains and digital transformation efforts.The company expects private-sector investment to remain strong, backed by facility renovation demand and growth linked to AI and carbon neutrality, despite risks from global instability, rising raw material costs and higher labor expenses.

TYO:1946

Asia64d ago

Sinopec Oilfield Service's Profit Falls 6% in Q1

Sinopec Oilfield Service (HKG:1033, SHA:600871) posted net profit attributable to shareholders of 204.8 million yuan for the first quarter, down 6.2% from 218.4 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.Earnings per share came in at 0.011 yuan, compared with 0.012 yuan in the prior-year period.Operating income rose 2.4% to 18.3 billion yuan from 17.9 billion yuan a year earlier.

HKG:1033SHA:600871

Asia64d ago

Japan Display Denies Media Report on U.S. Fabs Decision

Japan Display (TYO:6740) said it has not made any decision on plans to launch advanced display manufacturing facilities in the U.S., according to a Tuesday filing on the Tokyo Stock Exchange.The company said it is studying the possibility of operating and providing technology to U.S.-based fabs but stressed that no agreement has been reached.

TYO:6740

Asia64d ago

Infore Environment Technology's Profit Jumps 7% in 2025

Infore Environment Technology's (SHE:000967) attributable profit rose 7.1% to 549.8 million yuan in 2025 from 513.5 million yuan in 2024, according to a Tuesday filing with the Shanghai/Shenzhen bourse.Earnings per share at the software company increased to 0.17 yuan from 0.16 yuan in the previous year.Operating revenue grew 5.5% year over year to 13.8 billion yuan from 13.1 billion yuan.

SHE:000967

Asia64d ago

Market Chatter: TSMC's Ex-Engineer Jailed Over Leaking Trade Secrets

Taiwan Semiconductor Manufacturing (TPE:2330), or TSMC's, engineer has been sentenced to 10 years in prison after a court found him guilty of leaking trade secrets related to the company's advanced 2-nanometre chip technology under Taiwan's National Security Act, Taipei times reported Tuesday.The Intellectual Property and Commercial Court also handed prison terms of two to six years to three other former engineers, while another defendant received a suspended sentence and fine.The case also implicated Tokyo Electron Taiwan, which was fined NT$150 million with conditions for partial suspension. Prosecutors said sensitive information, including etching equipment data, was improperly accessed and used to support equipment development for advanced chip production, reportedly.TSMC reported the breach in July 2025 following an internal probe and reiterated its zero-tolerance stance on trade secret violations while tightening internal safeguards, the news outlet 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.)

TPE:2330

Asia64d ago

Talkweb Information System Turns to 2025 Profit, Revenue Down 23%

Talkweb Information System Co.,Ltd (SHE:002261) posted 2025 attributable net profit of 63.7 million yuan, versus a loss of 100.5 million yuan the previous year.Earnings per share stood at 0.0507 yuan, versus a loss per share of 0.0800 yuan last year, according to a Tuesday filing with the Shenzhen bourse.Revenue went down 23% year over year to 3.17 billion yuan from 4.11 billion yuan.Shares of the telecommunications software developer were down 9% Tuesday.

SHE:002261

Asia64d ago

Star Asia Investment Completes Redemption of Preferred Equity Securities

Star Asia Investment (TYO:3468) completed the redemption of all preferred equity securities it held in a real estate-backed structure, with proceeds expected to generate a gain, according to a Tuesday filing on the Tokyo Stock Exchange.The real estate investment trust said it redeemed the securities on April 28 and expects to record a gain of about 151 million yen for the fiscal period ending July 2026. It will also receive dividends related to the securities.The preferred equity securities, acquired in June 2023 for about 1.56 billion yen, were linked to a structure holding the HAKUSAN HOUSE property.

TYO:3468

Asia64d ago

SMS Revises Stock Option to Offset Impairment Impact on Performance Targets

SMS Co (TYO:2175) will amend the exercise conditions for its paid-in stock options to exclude the impact of reduced amortization expenses following an impairment loss, according to a Tuesday filing on the Tokyo Stock Exchange.The changes apply to the company's 20th and 21st stock acquisition rights, which carry performance-based conditions tied to adjusted operating income for fiscal 2027 and fiscal 2028, respectively.SMS said it expects amortization expenses tied to intangible assets to decline by about 1.5 billion yen annually from fiscal 2027 after recognizing an impairment loss in its overseas business for the fiscal year ended March 2026.

TYO:2175

Asia64d ago

Shenglong Mining's Attributable Profit Jumps 17% in 2025

Luoyang Shenglong Mining's (SHE:001257) attributable profit rose 17% to 883.9 million yuan in 2025 from 756.8 million yuan in 2024, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the molybdenum mining company increased 17% to 0.5453 yuan from 0.4669 yuan in the previous year.Operating revenue grew 22% year over year to 3.50 billion yuan from 2.86 billion yuan.

SHE:001257

Asia64d ago

Chugai Ro Raises Dividend to 166 Yen per Share

Chugai Ro (TYO:1964) will raise its year-end dividend to 166 yen per share for fiscal 2025 from a prior forecast of 150 yen, according to a Tuesday filing on the Tokyo Stock Exchange.The proposed payout, subject to shareholder approval in June, compares with 150 yen a year earlier and will bring total dividends to about 1.20 billion yen.

TYO:1964

Asia64d ago

Sankei Real Estate Pushes Tender Offer Deadline to May 18

Sankei Real Estate ()TYO:2972 will extend the tender offer period for its units to May 18 while keeping the offer price at 125,000 yen per unit, according to a Tuesday filing on the Tokyo Stock Exchange.The extension will delay the timeline for planned squeeze-out procedures to make the offerors the sole unitholders, though the amount to be delivered per unit will remain unchanged.Settlement of the tender offer is scheduled to begin on May 25, while the payment date for the squeeze-out process has yet to be determined. The REIT also said it will not pay a distribution for the fiscal period ended February 2026.

TYO:2972

Asia64d ago

China Rare Earth Resources Q1 Profit Up 91%, Revenue Rises 13%

China Rare Earth Resources and Technology (SHE:000831) posted first-quarter attributable net profit of 138.6 million yuan, up 91% from 72.6 million yuan the previous year.Earnings per share rose to 0.1306 yuan from 0.0684 yuan, according to a Tuesday filing with the Shenzhen bourse.Revenue went up 13% year over year to 820.7 million yuan from 727.7 million yuan.Shares of the rare earth miner were down 2% Tuesday.

SHE:000831

Asia64d ago

Infore Environment Technology's Attributable Profit Jumps 19% in Q1

Infore Environment Technology's (SHE:000967) attributable profit rose 19% to 214.3 million yuan in the first quarter from 180.7 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the software company increased to 0.07 yuan from 0.06 yuan in the prior-year period.Operating revenue grew 23% year over year to 3.92 billion yuan from 3.18 billion yuan.

SHE:000967

Asia64d ago

Hong Kong Stocks Extend Losses as US-Iran Standoff Persists; Xizhi, Mabwell Shine on Debut

Hong Kong stocks extended losses on Tuesday as elevated oil prices and persistent tensions in the Middle East kept inflation concerns in focus.The Hang Seng Index fell 245.87 points, or 1.0%, to close at 25,679.78, while the Hang Seng China Enterprises Index lost 111.51 points, or 1.3%, to 8,644.81.An U.S. official said President Donald Trump was dissatisfied with Iran's latest proposal to resolve the two-month conflict.The proposal would defer discussion of Iran's nuclear program until the conflict ends and shipping disputes in the Gulf are addressed, according to a Reuters report.The impasse has left the conflict at a standstill, with flows through the Strait of Hormuz still largely disrupted, keeping oil prices above $100 a barrel.Meanwhile, the U.S. Federal Reserve is widely expected to keep interest rates unchanged at the conclusion of its two-day meeting on Wednesday.In corporate news, two firms made their debut on the Hong Kong bourse.Shanghai Xizhi Technology (HKG:1879) closed nearly 389% higher at HK$895 compared with the offer price of HK$183.20.Mabwell (Shanghai) Bioscience (HKG:2493, SHA:688062) gained nearly 1% to close at HK$27.80, versus its offer price of HK$27.64.

Hang SengHKG:1879HKG:2493SHA:688062

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