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Giftee Sees Limited Impact from Middle East Tensions on Operations

Giftee (TYO:4449) said the impact of the current situation in the Middle East on its business and financial results remains limited, according to a Monday filing on the Tokyo Stock Exchange.The company said its e-gift platform operations across Japan, ASEAN markets and the MENA region continue to be driven mainly by domestic demand, with no significant disruption reported.In the Middle East, where its subsidiary operates, giftee said business locations and employees remain safe and operations are continuing as normal.The company said prolonged geopolitical tensions could lead to higher crude oil prices and currency volatility, which may indirectly affect client performance and, in turn, its financial results.

TYO:4449

Asia71d ago

Nara Space Technology Wins KRW2 Billion Government Contract

Nara Space Technology (KOSDAQ:478340) secured a contract for a simulated satellite-ground control system from South Korea's Agency for Defense Development, according to a Monday filing with the Korea Exchange.ADD is a state-run institute dedicated to advancing South Korea's defense technologies.The contract, valued at 1.98 billion won, is valid till Aug. 31, 2028.Shares of Nara Space Technology jumped nearly 7% at market close.

KOSDAQ:478340

Asia71d ago

Npr-Riken Unit to Acquire Hastings to Expand Piston Ring Business

NPR-Riken (TYO:6209) said it will acquire all shares of Hastings Holding through its U.S. unit, aiming to strengthen its global piston ring business, according to a Monday filing on the Tokyo Stock Exchange.The acquisition will be carried out by Riken Corporation of America, making Hastings Holding a wholly owned subsidiary, the company said. Financial terms were not disclosed.Hastings Holding oversees manufacturing operations in the U.S. and Europe and owns the Hastings brand, which has a strong presence in the global piston ring aftermarket, particularly in North and Central America.NPR-RIKEN said the deal will complement its existing customer base and regional footprint, enhancing competitiveness and profitability through production and sourcing synergies.

TYO:6209

Asia71d ago

Glp J-Reit Warns Investors of May Expiry for 2023 Distribution Claims

Glp J-Reit (TYO:3281) said the right to claim distributions for its fiscal period ended February 2023 will expire on May 18, according to a Monday filing on the Tokyo Stock Exchange.The trust said distribution claims lapse if unclaimed for three years from the payment start date, in line with its articles of incorporation.It added that distribution rights for the fiscal period ended August 2023 and subsequent periods will also expire after three years from their respective payment dates.

TYO:3281

Asia71d ago

Singapore Shares Plummet, Track Regional Losses Following Collapse of US-Iran Peace Talks

Singapore shares sank on Monday, tracking broader regional losses after the US-Iran peace talks in Islamabad ended without a resolution.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,965.48 and 4,984.17 throughout the day. It ended the session at 4,984.17, down 5.24 points or 0.1% compared to Friday's close.Following the breakdown in discussions, the US military said that it will block all maritime traffic entering and exiting Iranian ports, with Tehran terming the US blockade as "illegal".On the corporate fund, shares of Mary Chia (SGX:5OX) slumped over 9% at the close as it received a statutory demand from Fullink Capital in respect of an alleged sum of around SG$902,640.Medtecs International (SGX:546) was down over 2% as the company pulled the plug on its joint venture with Shijiazhuang Hongray, following a strategic review of plans and prevailing market conditions.Meanwhile, CapitaLand Investment (SGX:9CI) closed its CapitaLand Asia Pacific Credit Program II (ACP II), securing $320 million in total equity commitments.

^STISGX:546SGX:5OXSGX:9CI

Asia71d ago

Metaplanet Opens 60-Day ADR Fee Waiver for US Investors

Metaplanet (TYO:3350) said it has introduced a 60-day waiver on ADR issuance fees for its Sponsored Level 1 American Depositary Receipt program from April 13 to June 12, according to a Monday filing on the Tokyo Stock Exchange.The waiver applies to all investors converting existing F-shares or purchasing ADRs under the MPJPY ticker, with each receipt representing one ordinary share traded on the U.S. OTC market.The company said the move is aimed at improving accessibility and liquidity among U.S. investors, with ADRs settled through the Depository Trust Company system and supported by major broker platforms.

TYO:3350

Asia71d ago

Npr-Riken to Halt Japan Production of Key Casting Parts Amid Weak Demand

NPR-Riken (TYO:6209) said it will terminate domestic production of certain casting components, excluding camshafts, by September 2027 as part of a business portfolio review, according to a Monday filing on the Tokyo Stock Exchange.The move comes amid declining demand for cast iron automotive parts in Japan, driven by lower domestic vehicle production and a shift toward aluminum components and overseas sourcing.The affected business reported net sales of about 5.1 billion yen and an operating loss of 725 million yen for the fiscal year ended March 2025, accounting for roughly 3% of the company's consolidated revenue.

TYO:6209

Asia71d ago

Idom's Full-Year Profit Falls 11%

Idom's (TYO:7599) profit attributable to owners of the parent fell 11% to 11.9 billion yen for the fiscal year ended Feb. 28 from 13.4 billion yen a year earlier.The used car sales company's basic earnings per share declined to 118.66 yen from 133.93 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales climbed 13% to 562.8 billion yen from 496.7 billion yen in the prior year.In a separate filing, Idom declared a final dividend of 20.17 yen per share, payable from May 27.The figure, which is lower than the most recent forecast of 21.92 yen and the 20.80 yen paid in the previous year, will be submitted for approval at the general shareholders' meeting on May 26.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 14.2 billion yen, basic EPS of 141.42 yen, and net sales of 629 billion yen.Idom plans to pay interim and year-end dividends of 21.06 yen and 21.37 yen per share, respectively, for the year.

TYO:7599

Asia71d ago

Canadian Solar Infrastructure Fund Reports Power Outage at Fukuyama Plant

Canadian Solar Infrastructure Fund (TYO:9284) said power generation at its Fukuyama-shi plant has been suspended following a PCS failure, according to a Monday filing on the Tokyo Stock Exchange.The outage occurred on April 10 and has halted operations at the facility, which remains offline as restoration work is planned, the company said.The plant accounts for about 1.34% of the fund's total capacity, and the impact on overall rent income is expected to be limited.

TYO:9284

Asia71d ago

Loadstar Capital Sets Terms for Employee Stock Options Issuance

Loadstar Capital K.K (TYO:3482) said it has finalized terms for issuing share acquisition rights to employees under a stock option plan, according to a Monday filing on the Tokyo Stock Exchange.The company will grant 614 stock option units to 78 employees and those of its subsidiaries, representing 307,000 common shares.The exercise price is set at 2,950 yen per share, with each option priced at 1.475 million yen, the company said.

TYO:3482

Asia71d ago

Kernex Microsystems Clinches Order Worth INR675 Million for Supply of Equipment

Kernex Microsystems (India) (NSE:KERNEX, BOM:532686) has secured an order worth 675.3 million Indian rupees from PCMM Office, Patiala, India, according to a Monday filing to the Indian stock exchanges.The contract is for the supply, installation, testing, and commissioning of onboard KAVACH Loco equipment by April 15, 2027.KAVACH is India's indigenous automatic train protection system, which prevents train collisions by continuously monitoring train movement and automatically applying brakes if needed.

BOM:532686NSE:KERNEX

Asia71d ago

Shaanxi Construction Engineering Group Discloses Major Projects Secured in March

Shaanxi Construction Engineering Group (SHA:600248) and its subsidiaries secured three major construction contracts in March.The largest project is a section of the G3033 Expressway in Xinjiang, valued at 4.91 billion yuan, with the company's share at 3.69 billion yuan, according to a filing with the Shanghai bourse.Other wins include an AI Technology Center EPC project in Gansu worth 1.02 billion yuan and a selenium-enriched mushroom production facility valued at 510 million yuan in Shaanxi.

SHA:600248

Asia71d ago

Market Chatter: Thailand Requests Pakistan's Mediation to Rescue Stranded Fertilizer Ships in Hormuz

Thailand has sought Pakistan's assistance in a diplomatic push to secure the release of nine cargo vessels stranded in the Strait of Hormuz amid escalating Middle East tensions, The Star reported Monday.The ships are carrying fertilizer shipments vital to Thailand's agricultural sector and food security, the report said.Deputy Prime Minister and Foreign Minister Sihasak Phuangketkeow met Pakistan's ambassador to Thailand to discuss maritime safety and potential mediation efforts, while commending Islamabad's role in peace efforts and facilitating safe passage arrangements in the region, according to the report.Thailand is aiming to replicate such cooperation to ensure the uninterrupted transit of its vessels and prevent disruption to essential supply chains. The initiative also includes upcoming diplomatic engagements with ASEAN partners and an official visit to Oman later this month, the news outlet reported.(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.)

^SET

Asia71d ago

Arcs' Full-Year Profit Increases 13%, Raises Final Dividend Forecast

Arcs' (TYO:9948) profit attributable to owners of the parent increased 13% to 12.4 billion yen for the fiscal year ended Feb. 28 from 11.1 billion yen a year earlier.The retailer's basic earnings per share increased to 231.36 yen from 204.96 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales rose 3.1% to 627 billion yen from 608.3 billion yen in the prior year.In a separate filing, Arcs raised its year-end dividend forecast to 45 yen per share, up from the previously revised forecast of 43 yen and payable on May 27.This brings the total annual dividend to 82 yen per share, including the 37 yen interim dividend, subject to approval at the shareholders' meeting on May 26.For the fiscal year ending Feb. 28, 2027, the company expects an attributable profit of 12.4 billion yen, basic EPS of 232.73 yen, and net sales of 648 billion yen.Arcs plans to pay interim and year-end dividends of 41 yen per share, each, for the current year.

TYO:9948

Asia71d ago

Shalby's Ahmedabad Unit Gets Kidney Transplant Approval

Shalby (NSE:SHALBY, BOM:540797) said its Krishna unit in Ahmedabad, Gujarat has secured approval to conduct kidney transplants for a period of five years, effective April 9, according to an Indian bourse filing on Saturday.Shares of the company rose 1% in Monday's trade.Following the approval, the facility can now offer transplant services along with pre- and post-transplant care at the same location, the filing said.

BOM:540797NSE:SHALBY

Asia71d ago

Indonesia's Prabowo Visits Russia for Oil Supply Talks with Putin

Indonesian President Prabowo Subianto departed for Russia on Sunday for talks with President Vladimir Putin, with oil and energy security expected to feature mainly in the discussions, state media Antara News reported Monday.Energy Ministry spokesperson Dwi Anggia said the trip continues long-standing bilateral cooperation and aims to strengthen long-term energy resilience amid ongoing global uncertainty. She added that the participation of Energy and Mineral Resources Minister Bahlil Lahadalia highlights the strategic role of the energy sector in supporting national priorities.Cabinet Secretary Teddy Indra Wijaya said talks will include efforts to maintain a reliable crude oil supply for Indonesia. The discussions come against a backdrop of shifting geopolitical and energy market conditions, the report said.

^JKSE

Asia71d ago

U-Next's Profit Climbs 4.7% in Fiscal H1

U-Next's (TYO:9418) profit attributable to owners of the parent climbed 4.7% to 9.88 billion yen in the fiscal first half from 9.44 billion yen a year earlier.The electric services company's basic earnings per share increased to 54.80 yen from 52.32 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 14% to 212.8 billion yen for the six months ended Feb. 28 from 186.8 billion yen in the prior year.It declared a final dividend of 8.50 yen per share for the year, payable from May 25.For the fiscal year ending Aug. 31, the company expects attributable profit of 18.5 billion yen, basic EPS of 102.57 yen, and net sales of 424 billion yen.U-Next plans to pay a year-end dividend of 8.50 yen per share for the current year, bringing the total annual payout to 17 yen, which is higher than the 15.50 yen paid in the year-ago period.

TYO:9418

Asia71d ago

NCL Industries Cement Production, Dispatches Edge Higher in Fiscal Q4

NCL Industries (NSE:NCLIND, BOM:502168) said its cement production grew 2% in the fiscal fourth quarter to 802,600 metric tonnes (MT) from 790,663 mt a year ago, according to a Saturday filing with the Indian bourses.Shares of the cement and ceramics manufacturer rose nearly 2% in Monday's trade.Cement dispatches during the quarter ended March 31 rose 1% year on year to 804,813 MT from 794,096 MT a year earlier, the filing said.

BOM:502168NSE:NCLIND

Asia71d ago

ANTA Sports Logs High-Single Digit Growth in ANTA Sales in Q1 2026

ANTA Sports Products (HKG:2020) recorded high-single digit positive growth in the retail sales of ANTA-branded products in the first quarter of 2026 from a year prior, a Monday Hong Kong bourse filing said.The company's FILA-branded products recorded low-teens digit positive growth year-on-year during the quarter, the firm said.The retail sales of all other branded products logged a 40% to 45% positive growth year over year in the period.

HKG:2020

Asia71d ago

Wai Chun Bio-Technology Eyes Energy Sector Shift with $50 Billion South Korea Deal

Wai Chun Bio-Technology (HKG:0660) said it signed a memorandum of understanding to develop new energy projects, including a pipeline of at least $50 billion in South Korea, according to a Monday Hong Kong bourse filing.The projects will cover wind and solar developments, with additional expansion planned across markets including Southeast Asia, Central Asia, North America, and the Middle East, the company said.Wai Chun said it will act as lead coordinator and controlling shareholder, partnering with central state-owned enterprises, multinational corporations and financial institutions.The company also proposed to change its name to Wai Chun Energy Group to reflect its planned expansion into the new energy sector.

HKG:0660

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