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Mirae Asset Securities' Q1 Income Surges 285%

Mirae Asset Securities (KRX:006800) posted first-quarter net income attributable to shareholders of 996.2 billion won, up 285% from 258.7 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.The stock brokerage company's revenue jumped 138% year over year to 14.4 trillion won from 6.052 trillion won.

KRX:006800

Asia53d ago

Mitsubishi Heavy Industries' Fiscal 2025 Profit Jumps 35% on Energy, Defense Growth

Mitsubishi Heavy Industries (TYO:7011) posted a 35% increase in fiscal 2025 profit, supported by strong growth in its energy and defense businesses.Profit attributable to owners of the parent rose to 332.1 billion yen in the year ended March 31 from 245.4 billion yen a year earlier, while diluted earnings per share increased to 98.84 yen from 73.02 yen, according to a Tuesday filing with the Tokyo bourse.Revenue increased 14% to 4.974 trillion yen from 4.361 trillion yen in fiscal 2024.The Japanese industrial group said revenue growth was driven mainly by its aircraft, defense & space, and energy systems segments, while order intake rose to 7.654 trillion yen from 6.405 trillion yen."Business profit increased year over year in all segments," Mitsubishi Heavy said, adding that the strong performance helped offset losses in some thermal power projects and impairment charges in industrial power services.Mitsubishi Heavy is also revamping its gas turbine production operations to boost capacity and shorten manufacturing lead times as electricity demand from artificial intelligence data centers accelerates, Nikkei reported earlier this month.The report said President and Chief Executive Eisaku Ito is leading the initiative at the company's Takasago Machinery Works in western Japan, where more than 100 employees reviewed over 1,000 processes across procurement, assembly, testing, and design.Mitsubishi Heavy said it booked orders for 35 large-frame gas turbines during the year, with order intake surpassing the previous year's record high and the order backlog exceeding 5 trillion yen.The company added that it is working to expand production capacity and maximize throughput through lean operations to meet strong demand.Mitsubishi Heavy Industries raised its full-year dividend to 25 yen per share from 23 yen a year earlier and forecast a further increase to 29 yen for fiscal 2026.For fiscal 2026, the company forecast revenue of 5.4 trillion yen and profit attributable to owners of the parent of 380 billion yen.Mitsubishi Heavy said the outlook remained uncertain due to U.S. trade policy risks and heightened geopolitical tensions, including the situation in the Middle East.

TYO:7011

Asia53d ago

Market Chatter: Malaysia Seeks Listing of AI, Chip Firms

Malaysia is looking to strengthen its role in the global AI and semiconductor industry by encouraging more chip-related companies to list on Bursa Malaysia, The Star reported Tuesday, citing Deputy Finance Minister Liew Chin Tong.He said the Ministry of Finance is exploring ways for both foreign-linked and local semiconductor firms to go public, noting that the stock market still does not fully reflect the country's industrial strength, which is largely driven by foreign investment. More listings, he added, would help keep more capital within the local economy, according to the report.Liew said Malaysia already has strong capabilities in parts of the chip supply chain, especially in equipment and automation, and could benefit from the global AI boom. He also said shifting supply chains away from China could create opportunities for Malaysia, alongside countries like Singapore and Vietnam, 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.)

FTSE Bursa Malaysia KLCI

Asia53d ago

Coal India Dissolves Solar PV Subsidiary

Coal India (NSE:COALINDIA, BOM:533278) has dissolved its wholly-owned subsidiary named "CIL Solar PV," according to a Tuesday filing to the Indian stock exchanges.The unit has been struck off from the Register of Companies, and it is now dissolved.

BOM:533278NSE:COALINDIA

US Markets53d ago

Bayer Reiterates 2026 Currency-adjusted Outlook as First-quarter Profit More Than Doubles

Bayer (BAYN.F) upheld its full-year 2026 currency-adjusted outlook on Tuesday as its first-quarter net income more than doubled year over year.The German life science company reported a net income of 2.76 billion euros for the three months ended March 31, compared with 1.30 billion euros previously. Reflecting the earnings growth within the crop science division, core EPS rose 12.9% to 2.71 euros, while total EPS stood at 2.81 euros, against the 1.32 euros last year.Bayer's group sales stood at 13.41 billion euros, against the previous year's 13.74 billion euros. A negative currency effect of 886 million euros impacted sales, up from 55 million euros in the same year-ago period.On a foreign exchange and portfolio adjusted basis, crop science sales rose 6.8% year-over-year to 7.56 billion euros, bolstered by gains for soybean seed and traits and robust growth in corn seed and traits. Consumer health sales climbed 5.3% to 1.49 billion euros due to growth within the nutritional and dermatology categories.Conversely, the pharmaceuticals division saw a 0.5% decline in sales to 4.25 billion euros, as gains for cancer treatment Nubeqa, chronic kidney disease and heart failure drug Kerendia and radiology were offset by expected declines for oral anticoagulant Xarelto amid patent expirations and ophthalmology medicine Eylea.The company still expects currency-adjusted sales growth to be between 45 billion euros and 47 billion euros. It also projects 2026 currency-adjusted core EPS within the 4.30-euro to 4.80-euro range.Free cash flow amounted to negative 2.32 billion euros, widening from negative 1.53 billion euros a year ago, mainly due to payments to resolve litigation related to chemicals marketed by unit Monsanto.Bayer's Frankfurt-listed shares gained almost 4% in Tuesday morning.

$BAYN.F

US Markets53d ago

Fujifilm Posts Record FY 2026 Earnings as Demand For Semiconductors, Instax Cameras Offset Healthcare Slump

Fujifilm (TYO:4901) posted record earnings for the 2025-2026 fiscal year as strong demand for AI-related semiconductor materials and a resurgence in Instax cameras offset the sharp drop in sales at its healthcare segment.The imaging company's net income attributable to shareholders rose 6% year on year in the year ended March 31 to 276.7 billion Japanese yen from 260.9 billion.Earnings per share jumped to 229.45 yen from 216.46 yen a year prior.Operating income increased 6.1% to 350.2 billion yen from 330.2 billion yen despite higher US tariffs and raw material costs, while revenue climbed 5% year on year to 3.357 trillion yen.Across the company's segments, revenue from its healthcare segment rose 4.9% to 1.1 trillion yen, although operating income from the unit plunged 20% year on year to 63.6 billion yen, weighed down by lower demand for medical supplies in China and higher upfront costs from new bio CDMO manufacturing facilities.The company launched a large-scale factory in North Carolina during the year, the first phase of which commenced operations of eight 20,000-liter mammalian cell culture bioreactors. Fujifilm also opened additional drug substance and process development facilities in the UK. The company has long-term manufacturing agreements in place with Janssen Supply Group, a Johnson & Johnson company, and Regeneron Pharmaceuticals.The imaging segment posted the strongest revenue growth rate among the four divisions, rising 15.7% to 627.1 billion yen, and operating income jumping 15% to 160 billion yen."The consumer imaging business posted higher revenue, as sales of the instax instant photo systems continued to expand, surpassing cumulative sales of 100 million units," said Fujifilm.The electronics segment posted an 11.9% increase in revenue to 456.2 billion yen and a 34.4% jump in operating income to 100.9 billion yen, owing to strong demand for semiconductors in a wide range of products such as cars and home appliances, Fujifilm said."Our semiconductor materials business has steadily captured this demand for AI semiconductors, resulting in a boost in revenue. Sales to major foundries continued to perform well, and sales tomajor semiconductor manufacturers in the US and South Korea are also recovering," the company added.The company plans to pay a year-end dividend of 35 yen for a total annual dividend of 70 yen per share.For the 2026-2027 fiscal year, the company expects attributable net income to grow 1.2% year on year to 280 billion yen, and for revenue to rise 3.4% to 3.470 trillion yen.Fujifilm attributed the forecast to the expansion of operations at its new large-scale bio CDMO manufacturing plants and increased sales of semiconductor materials.The company did not incorporate the potential impact of higher raw material prices and energy costs as a result of the Middle East war into its full-year outlook.However, Fujifilm noted that sustained crude oil prices at $100 per barrel could reduce operating profit by 30 billion yen to 40 billion yen per quarter.

TYO:4901

Asia53d ago

Rossell Techsys to Expand Capacity Through New Leased Facility; Shares Plummet 4%

Rossell Techsys (NSE:ROSSTECH, BOM:544294) is expanding its manufacturing capacity through an additional leased facility near its existing unit, according to a Monday filing on Indian bourses.Shares of the company fell nearly 4% in Tuesday's trade.The company plans to add 210,000 square feet of capacity in phases. Currently, it has capacity of 255,000 square feet, the filing said.Rossell Techsys said the expansion will require an investment of about 300 million rupees, which it plans to fund through debt and internal accruals, according to the filing.

BOM:544294NSE:ROSSTECH

Asia53d ago

Cranex Clinches Order Worth INR20 Million for Cranes; Shares Up 5%

Cranex (BOM:522001) bagged an order worth nearly 20 million Indian rupees from Integral Coach Factory Chennai, according to a BSE filing on Tuesday.The contract is for the manufacturing and supply of a 40T electric overhead traveling crane with lifting tackle.The cranes will be delivered by Jan. 30, 2027.The company's shares were up over 5% in recent trade.

BOM:522001

Asia53d ago

Park Medi World's Consolidated Profit Rises in Fiscal Q4

Park Medi World's (NSE:PARKHOSPS, BOM:544645) consolidated attributable profit rose to 708.6 million Indian rupees in the fiscal fourth quarter ended March 31, from 448.4 million rupees a year ago.Earnings per share came in at 1.78 rupees from 1.36 rupees a year earlier, the healthcare services company said in a filing to the Indian stock exchanges on Tuesday.Revenue from operations in fiscal Q4 also increased to 4.60 billion rupees from 3.54 billion rupees a year ago.The company's shares were down nearly 2% in recent trade.

BOM:544645NSE:PARKHOSPS

Asia53d ago

Xinhua Pharma Gets China Approval for Respiratory Drug

Shandong Xinhua Pharmaceutical (SHE:000756, HKG:0719) obtained drug registration from China's drug regulator for ambroxol hydrochloride and clenbuterol hydrochloride oral solution.The drug treats cough, viscous sputum, expectoration difficulty and wheezing from bronchitis, emphysema and other respiratory diseases, according to a Tuesday filing with the Shenzhen bourse.Shares of the pharmaceutical company were down 3% on the Shenzhen bourse and 1% on the Hong Kong bourse.

HKG:0719SHE:000756

Commodities53d ago

Asia Biofuels Update: Malaysian Palm Oil Slips on Weaker Fundamentals

Weaker market fundamentals offset the influence of rising crude oil and rival soybean oil to weigh on Malaysian palm oil futures on Tuesday.The Bursa Malaysia Derivatives' June crude palm oil contract dipped 0.96% to 4,441 Malaysian ringgit ($1,128.88) per metric ton, and the July contract dropped 1.13% to 4,465 ringgit/mt, in midday trade.Lower exports and higher production in April, which lifted domestic stocks, pressured prices. Malaysia's exports declined 14.3% from a month earlier to 1.3 million metric tons, as production jumped 18.4% to 1.6 mmt, industry data showed.At the same time, Malaysian inventories rose 1.7% month over month to 2.31 mmt, and remained significantly higher than the year-ago levels of 1.87 mmt.In May, export demand trends were mixed, with Intertek Testing Services estimating shipments to have risen 8.5% during the first 10 days of the month versus the same period in April, and AmSpec Agri Malaysia assessing a 10.8% decline, Trading Economics reported.A weaker local currency could boost export competitiveness, particularly with the Malaysian ringgit edging lower by another 0.43% against the US dollar on Tuesday.Going forward, expectations of increased domestic demand in Malaysia and Indonesia, the with implementation of higher biofuel mandates in sight, are likely to support prices.For this week, PhillipCapital said prices are likely to be "rangebound, due to stronger Chicago soybean oil and crude oil prices, supported by improving export data and a weaker ringgit."

Asia53d ago

BASE Extends Confidentiality Agreement With Shareholder Hiroyuki Maki

BASE (TYO:4477) extended the effective period of its confidentiality agreement with shareholder Hiroyuki Maki by an additional three months as the company continues friendly engagement discussions aimed at enhancing corporate value and shareholder interests, according to a Tuesday filing on the Tokyo Stock Exchange.The extension brings the agreement period to one year from its original execution date in August 2025. No other terms of the agreement were changed.BASE said it will continue discussions with Maki and pursue initiatives aimed at strengthening corporate value and the common interests of shareholders. The company first entered into the confidentiality agreement in August 2025 alongside the abolition of its anti-takeover policy framework.

TYO:4477

Commodities53d ago

US Treasury Places Sanctions on 12 Individuals, Entities for Facilitating Sale of Iranian Oil to China

US Treasury Department's Office of Foreign Assets Control has designated 12 individuals and entities for helping the Islamic Revolutionary Guard Corps to sell and ship Iranian oil to China, the Treasury said in a statement on Monday.Ofac said that the IRGC hides behind "front companies" in "permissive economic jurisdictions" to cover up its activity and to funnel revenues to the Iranian authorities."Instead of using this revenue to support the struggling Iranian people, the regime directs it toward weapons development, backing terrorist proxies, and funding security forces that suppress citizens' freedoms," the statement said."Economic Fury will continue to deprive the regime of funding for its weapons programs, terrorist proxies, and nuclear ambitions," the statement quoted Secretary of the Treasury Scott Bessent as saying.The statement said the US actions were being taken in accordance with counterterrorism laws. The National Iranian Oil Co., as well as the IRGC, have both been 'designated' under these rules. The Treasury has deprived Iranian authorities of billions in oil revenues, the statement said.It has also taken actions that have frozen almost half a billion dollars of cryptocurrency linked to the Iranian "regime" and cracked down on what it called Iran's shadow banking networks.Sanctions were imposed on a corrupt Iraqi official who has facilitated the sale of oil along with Iran-backed militias active in Iraq.The Treasury said it would vigorously target traditional sanctions evasion and digital asset exploitation while continuing to freeze money stolen from ordinary Iranians. It said it will also act against any foreign company supporting "illicit" Iranian commerce.It said this could include acting against foreign financial institutions connected to China's independent "teapot" oil refineries.The statement said that these actions come on top of a July 2025 decision to target Golden Globe Demir Celik Petrol Sanayi ve Ticaret Anonim Sirketi, a "cover company" arranging the IRGC's oil sales.It said that the individuals targeted now work for the IRGC's Shahid Purja'fari Oil Headquarters, coordinating payments through Golden Globe and other entities now designated.

Asia53d ago

Market Chatter: Danantara Indonesia Eyes IPO of Clean Energy Wing by 2028

Danantara Indonesia is exploring a 2028 IPO for its clean energy arm Daya Energi Bersih Nusantara (Denera), the Jakarta Globe reported Monday.Denera plans to complete 33 waste-processing power projects across Indonesia, which are expected to start generating cash in 2028, Danantara's Chief Investment Officer, Pandu Sjahrir said and the Jakarta Globe reported.The firm can then be taken public by the end of 2028, he added while speaking at the Indonesia Stock Exchange in Jakarta.The projects, valued at an estimated 87 trillion rupiah, will be carried out by creating waste-to-energy facilities in 33 cities, according to the report.The fund currently has 24 shortlisted foreign investors for the project, with the first three tenders reportedly awarded to Chinese firms.(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.)

^JKSE

Asia53d ago

ExaWizards to Consolidate Nursing Care AI Business Under ExaMD

ExaWizards (TYO:4259) will reorganize its nursing care AI business by consolidating its CareWiz product portfolio under wholly owned subsidiary ExaMD through an intra-group merger and company split, according to a Tuesday filing on the Tokyo Stock Exchange.The restructuring aims to centralize healthcare and nursing care AI operations, streamline development and sales functions, and improve management resource allocation across the group.As part of the transaction, Exa HomeCare will merge into ExaMD effective July 1, with ExaMD surviving the merger and absorbing CareWiz toruto, Exa HomeCare's flagship nursing care product.ExaWizards will also transfer CareWiz takusuto and CareWiz BCP to ExaMD through an absorption-type company split scheduled for July 1.The company said integrating the products under ExaMD will strengthen its AI transformation initiatives across healthcare and nursing care while improving operational agility and profitability by eliminating overlapping functions.

TYO:4259

Asia53d ago

Nomura Research Institute Lifts Year-End Dividend to 42 Yen

Nomura Research Institute (TYO:4307) will pay a year-end dividend of 42 yen per share for the fiscal year ended March 2026, up from 34 yen a year earlier, according to a Tuesday filing on the Tokyo Stock Exchange.The dividend payment totals 24.124 billion yen and will take effect on May 29. The company's full-year dividend will amount to 77 yen per share, compared with 63 yen in the prior fiscal year, after including an interim dividend of 35 yen per share paid in November 2025.Nomura Research Institute said its dividend policy targets a consolidated payout ratio of 40% while maintaining stable shareholder returns and securing retained earnings for long-term growth.The company said favorable business performance in Japan and the limited cash flow impact from impairment losses supported the higher payout.

TYO:4307

Asia53d ago

Japanese Shares Rise as US, Japan Reaffirm FX Coordination

Japanese shares closed higher on Tuesday after comments from U.S. Treasury Secretary Scott Bessent eased concerns over sharp currency swings, with investors taking comfort from continued coordination between Washington and Tokyo on foreign exchange stability.The Nikkei 225 rose 0.52%, or 324.69 points, to close at 62,742.57.U.S. Treasury Secretary Scott Bessent said on X that the U.S. and Japan reaffirmed their strong economic partnership and maintained close coordination on excessive currency volatility.Japanese Finance Minister Satsuki Katayama said both sides confirmed Japan's response to exchange-rate moves aligned with a bilateral agreement reached last September that permits intervention during periods of sharp market swings. Katayama said the two countries agreed to continue coordinating closely on market developments, including foreign exchange moves.In economic news, Japan's trade deficit narrowed to 224.8 billion yen in the first 20 days of April as export growth outpaced imports.Japan's foreign reserves rose by $8.25 billion in April to $1.383 trillion, supported by gains in securities and gold holdings. Meanwhile, Japan's household spending fell in March despite continued income growth, with real consumption expenditures down 2.9% from a year earlier.On the corporate front, Kawasaki Heavy Industries (TYO:7012) rose 7% after full-year profit beat guidance and the company forecast higher earnings and revenue for fiscal 2027.Mani (TYO:7730) fell 2% after receiving 2.216 billion yen in dividends from three overseas subsidiaries under its global cash management strategy.MediPal Holdings (TYO:7459) gained 1% after launching a 6,650 yen-per-share tender offer to acquire the remaining stake in Paltac (TYO:8283) and make it a wholly owned subsidiary.

Nikkei 225TYO:7012TYO:7459TYO:7730TYO:8283

International53d ago

Swiss Monthly Producer, Import Prices Up 0.8% in April

Switzerland's monthly producer and import price index ticked up 0.8% in April, after a 0.2% gain in March, data from the country's Federal Statistical Office showed Tuesday.Analysts expected a 0.1% growth for the month.On a yearly basis, Swiss producer and import prices were 2% lower, compared with a 2.7% drop in the prior month.

^SSMI

Asia53d ago

Australian Shares Drop; Life360 Posts Lower Q1 Earnings, Higher Revenue

Australian shares declined on Tuesday as investors await the May 2026 Federal government budget in Australia, which is expected to change the taxation policy around investments.The S&P/ASX 200 Index fell 0.36%, or 31.10 points, to close at 8,670.70, setting a new 20-day low.Brent crude oil futures rose to around $105 per barrel as the US President Donald Trump said the ceasefire with Iran was "on life support." President Trump is set to visit China this week.On the domestic front, the ANZ-Roy Morgan Australian consumer confidence fell 3.1 points to 64.1 in the week of May 4 to May 10, ANZ reported. The four-week moving average edged down 0.1 points to 65.9 points.Australian consumer confidence fell to near historic lows after the Reserve Bank of Australia raised the cash rate to 4.35%, with broad-based declines led by a sharp drop in household finances despite a slight easing in inflation expectations on lower petrol prices, according to ANZ economist Sophia Angala.Business confidence in Australia rose 5 points to negative 24 in April, driven by partial recoveries in retail, construction, and recreation and personal services, although trend confidence remained strongly negative across all industries and regions, National Australia Bank said.In company news, Life360 (ASX:360) reported first-quarter earnings of $0.03 per share, down from $0.05 a year earlier. Revenue for the three months ended March 31 was $143.1 million, compared with $103.6 million a year earlier. Its shares fell 11% on market close.Santos (ASX:STO) made a final investment decision to proceed with the Agogo production facility tie-in project in Papua New Guinea after the approval by the PNG LNG joint venture to deliver gas from the facility to the PNG LNG gas pipeline. First gas is expected to be produced in the second quarter of 2028.Lastly, DroneShield (ASX:DRO) received a notice from the Australian Securities and Investments Commission (ASIC) asking the company to cooperate with an investigation into market disclosures it made in November 2025. The company said it will lend its full cooperation to the regulator. Its shares fell 10% on market close.

ASX 200ASX:360ASX:DROASX:STO

Asia53d ago

Shandong Link Science and Technology Begins Trial Production of Nano-Carbon Line

Shandong Link Science and Technology (SHE:001207) started trial production at Line 7 of its 100,000-ton nano-carbon material project for high-voltage cable shielding compounds.The 25,000-ton-per-year line is part of a 50,000-ton Phase II expansion, according to a Tuesday filing with the Shenzhen bourse.Shares of the chemical products manufacturer rose 2% in recent trade.

SHE:001207

Showing 29241-29260 of 50958

US Markets53d ago

Fujifilm Posts Record FY 2026 Earnings as Demand For Semiconductors, Instax Cameras Offset Healthcare Slump

TYO:4901