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Pacific Metals Reports No Major Impact From Sanriku Quake

Pacific Metals (TYO:5541) said an earthquake off Sanriku caused no casualties or material damage at its Hachinohe facilities, according to a Tuesday filing on the Tokyo Stock Exchange.The company said operations remain unaffected.

TYO:5541

Asia68d ago

Obic to Buy Back, Cancel Up to 50 Billion Yen Shares

OBIC (TYO:4684) said it will repurchase up to 50 billion yen of shares and cancel part of its treasury stock to improve capital efficiency, according to a Tuesday filing on the Tokyo Stock Exchange.The buyback will cover up to 10 million shares, or 2.3% of outstanding stock, through market purchases between April 22 and March 31, 2027.The company also plans to cancel 16 million shares, equivalent to 3.2% of shares outstanding, in two phases ending March 2027.

TYO:4684

Asia68d ago

Market Chatter: Philippine Banks Remain Broadly Resilient Despite Middle East-Linked Pressures

Philippine banks remain in "good shape" despite concerns raised by a few lenders over capital levels, Business World reported Tuesday, citing the Bangko Sentral ng Pilipinas.Governor Eli M. Remolona Jr. said the banking system is in strong shape, with capital adequacy at about 16% and liquidity well above global benchmarks. He noted that loan growth remains steady and non-performing loans have not shown a sharp increase so far, reportedly.Credit conditions, however, are being closely monitored as some slowdown in lending is observed. The central bank also said the country's foreign reserves remain sufficient to support financial stability amid external shocks, 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.)

^PSEI

Asia68d ago

Shaanxi Energy Investment's Attributable Profit Jumps 26% in Q1

Shaanxi Energy Investment's (SHE:001286) attributable profit rose 26% to 887.9 million yuan in the first quarter from 703 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the thermal and coal power generation company increased 26% to 0.24 yuan from 0.19 yuan in the prior-year period.Operating income grew 11% year over year to 5.78 billion yuan from 5.20 billion yuan.

SHE:001286

Asia68d ago

BAIOO Family Interactive's Quarterly Active Accounts Edge Up in Q1

BAIOO Family Interactive (HKG:2100) quarterly active accounts rose 1.6% in the first quarter of 2026 to 6.4 million, a Tuesday Hong Kong bourse filing said.Quarterly paying accounts stood at 900,000 in the three months, flat from the year-ago period, according to the online entertainment company.The company said quarterly active accounts declined slightly year over year as some games entered a mature stage, while paying user levels were supported by stronger engagement from core users.Average revenue per quarterly paying account, on the other hand, rose 6.7% year over year to 188.8 yuan.

HKG:2100

Asia68d ago

Yue Yuen Industrial Warns of Up to 55% Decline in Q1 Profit

Yue Yuen Industrial (HKG:0551) expects its first-quarter attributable profit to be 50% to 55% lower than the $75.8 million recorded in the same period of 2025, according to a Hong Kong bourse filing Tuesday.The firm attributed the downbeat forecast to the escalation of geopolitical tensions and seasonal misalignments, which led to an increase in the costs of footwear manufacturing.The footwear maker expects to announce its financial results on May 13.

HKG:0551

Asia68d ago

Axelspace Signs Deal With JAXA for In-Orbit Demonstration

Axelspace Holdings (TYO:402A) said its unit has signed a basic agreement with Japan Aerospace Exploration Agency to explore in-orbit demonstration services for spacecraft propulsion, according to a Tuesday filing on the Tokyo Stock Exchange.The agreement covers potential use of Axelspace's "AxelLiner Laboratory" to support JAXA's research and orbital experiments, with the project expected to run for about four years starting fiscal 2026.The company said the initiative could contribute to earnings over the period, with a formal contract expected to be finalized in the coming months.

TYO:402A

Asia68d ago

SSY Group Gets Bulk Drug Approval for Edema Drug in China

SSY Group's (HKG:2005) furosemide was approved for registration by China's National Medical Products Administration to become a bulk drug for preparation on the market, according to a Tuesday Hong Kong bourse filing.The product is mainly used to treat various diseases with edema, hypertension, hyperkalemia and hypercalcemia.

HKG:2005

Asia68d ago

OBIC's Full-Year Profit Climbs 16%

OBIC's (TYO:4684) profit attributable to owners of the parent climbed 16% to 75.2 billion yen for the fiscal year ended March 31 from 64.6 billion yen a year earlier.The enterprise resource planning services firm's basic earnings per share increased to 171.61 yen from 146.90 yen a year ago, according to a Tokyo bourse filing on Tuesday.Net sales rose nearly 12% to 135.2 billion yen from 121.2 billion yen in the prior year.OBIC declared a final dividend of 47 yen per share, payable from June 26.For the fiscal year ending March 31, 2027, the company expects attributable profit of 82 billion yen, basic EPS of 189.23 yen, and net sales of 148.7 billion yen.OBIC plans to pay interim and year-end dividends of 47 yen per share each for the current year, which is higher than the amount paid in the year-ago period.

TYO:4684

Asia68d ago

Ibiden Weighs Further Steps After 2-for-1 Share Split

Ibiden (TYO:4062) said it will continue to review measures to improve share liquidity and broaden its investor base after completing a 2-for-1 stock split effective Jan. 1, according to a Tuesday filing on the Tokyo Stock Exchange.The company said reducing investment units can help attract more investors, adding it will assess further steps based on share price levels, liquidity, shareholder mix and cost considerations.

TYO:4062

Asia68d ago

CK San-Etsu Unit to Absorb Subsidiary in Efficiency Drive

CK San-Etsu (TYO:5757) said its unit MITANI SHINDO will absorb wholly owned subsidiary SHIN KITAMI to streamline operations and improve efficiency, according to a Tuesday filing on the Tokyo Stock Exchange.The merger, scheduled to take effect Aug. 1, will consolidate overlapping operations at the two companies, which share the same location and workforce.No shares or consideration will be issued as part of the transaction, and there will be no changes to the surviving entity's structure.

TYO:5757

Asia68d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) bought back 805,000 shares on April 20 at an average price of 18.06 pounds sterling apiece, according to a Tuesday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.22 billion shares in issue.

HKG:2888

Asia68d ago

Sony, Honda Scale Back Mobility Venture After EV Plan Halt

Sony Group (TYO:6758) and Honda Motor (TYO:7267) said their joint venture Sony Honda Mobility will scale down operations after scrapping planned electric vehicle launches, according to a Tuesday filing on the Tokyo Stock Exchange.The decision follows the cancellation of the Afeela models, with the companies concluding it would be difficult to deliver products aligned with the venture's goals in the near to medium term under the current setup.Operations will be reduced for now, with employees expected to be reassigned to the parent companies or related entities.The companies said they will continue exploring future collaboration, focusing on software-driven mobility and advanced driver assistance technologies.

TYO:6758TYO:7267

Asia68d ago

Prudential Buys Back Shares

Prudential (SGX:K6S, HKG:2378) bought back 429,985 shares in London on April 20 at an average price of about 11.15 pounds sterling apiece, according to a Tuesday 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

Asia68d ago

Hong Kong Stocks End Higher Amid Middle East Developments; Victory Giant Technology Shines in Debut

Hong Kong stocks closed marginally higher Tuesday as investors tracked the latest developments in the Middle East, including reports Iran was considering attending a second round of peace talks in Islamabad.The Hang Seng Index rose by around 126.41 points, or roughly 0.5%, to end at 26,487.48, while the Hang Seng China Enterprises Index increased by 44.48 points, or around 0.5%, to close at 8,943.54.Rhetoric between Iran and the U.S. intensified as a two-week ceasefire between the sides neared its end, with uncertainty over whether the countries will attend a second round of peace talks in Pakistan.A senior Iranian official told Reuters the country may send a delegation to attend the talks, while analysts from Westpac noted that the potential talks in Islamabad remain likely, Reuters reported.Meanwhile, Hong Kong's Securities and Futures Commission rolled out a new regulatory framework to enable secondary trading of tokenized investment products.The initiative will initially allow trading of tokenized SFC-authorized open-ended funds on licensed virtual asset trading platforms, with the regulator also open to considering over-the-counter arrangements on a case-by-case basis.In corporate news, Victory Giant Technology (HKG:2476; SHE:300476) shined in its Hong Kong debut after shares closed at HK$315 per share, 50% above their offer price of HK$209.88.Elsewhere, Sunmi Technology (HKG:6810) launched its Hong Kong initial public offering to raise about HK$1.06 billion.The Chinese IoT services provider is offering 42.6 million H-shares at HK$24.86 apiece to raise funds for research and development and strengthen supply chain and manufacturing capabilities.

Hang SengHKG:2476HKG:6810SHE:300476

Asia68d ago

SPIC Green Energy's Q1 Profit Slides 56%

SPIC Green Energy's (SHE:000875) attributable profit fell 56% to 274.2 million yuan in the first quarter from 623.2 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the power generation company decreased to 0.08 yuan from 0.17 yuan in the prior-year period.Operating income slipped 6.5% year over year to 3.52 billion yuan from 3.76 billion yuan.

SHE:000875

Asia68d ago

Guoyuan Securities Q1 Profit Down 15%, Revenue Slips 13%

Guoyuan Securities (SHE:000728) posted first-quarter attributable net profit of 542.0 million yuan, down 15% from 640.5 million yuan the previous year.Earnings per share declined to 0.12 yuan from 0.15 yuan, according to a Tuesday filing with the Shenzhen bourse.Operating revenue declined 13% year over year to 1.33 billion yuan from 1.52 billion yuan.Shares of the securities brokerage were down 6% Tuesday.

SHE:000728

Asia68d ago

Faalcon Concepts Bags INR4 Million Order; Shares Down 3%

Faalcon Concepts (BOM:544164) has secured a new order worth 4.2 million Indian rupees from Tushti Homes, according to a BSE filing on Tuesday.The contract is for the supply of glass, glazing, and windows for Tushti Homes' project named "The Belaire" in Gurugram, India.The project is expected to be completed in two months.The company's shares were down nearly 3% in recent trade.

BOM:544164

Asia68d ago

Kospi Hits All-Time High on Diplomatic Hopes Resurgence

South Korea's primary stock market index Kospi closed at a new high on Tuesday as investors were hopeful about the possibility of a second round of negotiations between the US and Iran to end the conflict in the Middle East.The Korea Composite Stock Price Index or Kospi rose 169.38 points, or 2.7%, to end at 6,388.47. The Kosdaq also increased by 4.18 points, or 0.4%, to close at 1,179.03.The Bank of Korea appointed Hyun Song Shin as its new governor on Tuesday, who took over the top financial role from Rhee Chang-yong, according to a Bank of Korea press release.Hyun will lead the central bank's monetary policy and board over the next four years. He will chair his first policy meeting on May 28.In corporate news, SGC Energy (KRX:005090) posted first-quarter net income attributable to shareholders of 4.5 billion won, reversing the attributable net loss of 2.8 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the South Korean energy generation company were down 1% year over year to 612 billion won from 618.5 billion won.Shares of SGC Energy rose nearly 4% at market close.In other news, GMB Korea (KRX:013870) signed a contract to supply electric water pumps to Hyundai Motor (KRX:005380) and Kia (KRX:000270), according to a Tuesday filing with the Korea Exchange.The contract, valued at 128.9 billion won, is valid till Dec. 31, 2034.Shares of the motor vehicle parts and accessories company rose 2% at market close, while those of Hyundai Motor added nearly 4% and Kia gained nearly 2%.

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Asia68d ago

Market Chatter: Panasonic Develops Automated iPS Cell System Aiming to Slash Treatment Costs to Under 1 Million Yen

Panasonic (TYO:6752) aims to bring the cost of producing induced pluripotent stem (iPS) cells below 1 million yen per patient using an automated culturing system it has developed, Nikkei Asia reported Tuesday, citing company official Yoshihiro Owaki.The compact device, measuring 75 cm high, 70 cm wide, and 45 cm long, was unveiled at Osaka's CiRA Foundation research center on Monday, the publication said.Currently, producing iPS cells costs approximately 50 million yen per patient, but Panasonic aims to bring that figure below 1 million yen, with field tests targeted for completion by March 2027 and commercialization planned for fiscal 2028, the news daily said.Owaki added that the company sees iPS cell technology as a future growth area and intends to develop fully automated culture systems for other therapeutic cells, including immune cells, the report said.Stem cells have the ability to grow into various tissues for medical use, with iPS cells specifically created by introducing genes into harvested adult cells to revert them to an embryonic-like state, it added.(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:6752

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