Tokyo Market

Asia gains as crude oil surge improves risk appetite

TOKYO (Reuters) -- Asian stocks gained on Thursday in tandem with an oil price rally after OPEC members agreed to curb output - boosting investor risk appetite.MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.6 percent.Commodity-he...

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    Nomura Research Institute targets record profit for first half

    TOKYO -- The Nomura Research Institute will likely log 29 billion yen ($288 million) in operating profit for the April-September period, a 3% increase from a year earlier and a second consecutive first-half record.While the Japanese systems developer...

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    Aeon Mall seen ringing up record March-August profit

    TOKYO -- Aeon Mall's group pretax profit likely grew 4% on the year to roughly 20.5 billion yen ($203 million) for the six months ended in August, an all-time high for the period, as new and renovated stores drew more revenue while business improved ...

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    ABC-Mart's broader lineup seen kicking up record profit

    TOKYO -- Shoe retailer ABC-Mart likely logged a record 24 billion yen ($238 million) or so in group operating profit for the March-August half, hitting its target despite falling demand among tourists from abroad and bad weather.The Tokyo-based compa...

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    Nippon Express seen missing profit forecast on weather woes

    TOKYO -- Nippon Express' operating profit is expected to edge up 1% on the year to about 23.3 billion yen ($231 million) for the April-September half, less than the company's standing projection of 23.5 billion yen.A series of typhoons slowed some sh...

  • Uneventful Clinton-Trump debate halts yen's climb

    TOKYO -- The first U.S. presidential debate managed bipartisan consensus in at least one field -- it reassured both yen bears and yen bulls in the foreign exchange market, and saw the Japanese currency halt its recent strengthening.

  • Market Scramble: Deflation beaters lose immunity as uncertainties grow

    TOKYO -- Despite apparent calm in the Tokyo stock market now that the September policy meetings of the U.S. and Japanese central banks have concluded, the outlook is growing more muddy as consumption weakens and the yen threatens to strengthen furthe...

  • Japan Inc. hoping interim dividends can satisfy shareholders

    TOKYO -- More big Japanese companies are offering midyear dividends in an effort to keep shareholders on board for the long haul.More than 20% of 2,177 companies that close their books in March are either boosting or returning to midyear dividends, w...

  • Japan's Jafco planning $650m venture capital fund

    TOKYO -- Major Japanese venture capital firm Jafco will set up a 65 billion yen ($650 million) fund, seeking to attract such institutional investors as insurers and regional banks at a time of low interest rates.Although a wide variety of businesses ...

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    Lintec profit seen peeling on weak adhesives demand

    TOKYO -- Lintec's group operating profit is seen dropping 12% on the year for the April-September half to roughly 8.5 billion yen ($84.6 million), as the economic slowdown in China saps demand for adhesive products used in liquid crystal display and ...

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    Business supplier Otsuka's 9-month profit seen holding steady

    TOKYO -- Japanese business information systems provider Otsuka is expected to report a nine-month operating profit little changed from a year earlier, with growth in security software sales helping offset rising personnel costs.Group operating profit...

  • Kimono retailer Sagami attracts another suitor

    TOKYO -- A bidding war is brewing for Sagami, a kimono retailer that convenience store operator FamilyMart Uny Holdings plans to unload.FamilyMart Uny has decided to sell shares of subsidiary Sagami to investment fund Aspirant Group, which is offerin...

  • Investors test boundaries as BOJ readies yield controls

    TOKYO -- Financial market players are testing the Bank of Japan's resolve to keep long-term interest rates near zero as part of a new monetary policy scheme, eager to see how low yields can really go.The central bank on Wednesday introduced a new pol...

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    Seaport freight seen buoying Mitsubishi Logistics' profit

    TOKYO -- The opening of a new containership terminal is seen helping Mitsubishi Logistics lift operating profit by around 10% to a little over 6 billion yen ($59.4 million) for the six months through September.The company has forecast a 3% increase o...

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    Ramen purveyor Hiday Hidaka slurps up record profit

    TOKYO -- Restaurant operator Hiday Hidaka is expected to report a 4% gain in parent-only operating profit to around 2.5 billion yen ($24.7 million) for the March-August half, thanks to higher per-customer spending.That would top initial projections o...

  • USJ gears up for relisting in Tokyo

    TOKYO -- Osaka theme park operator USJ may soon return to the stock market now that efforts to strengthen management under private-equity firms have borne some fruit.Online market research company Macromill is on the same path. The two Japanese compa...

  • Tokyo stocks retreat as yen's firm tone hit exporters

    TOKYO (Kyodo) -- Tokyo stocks retreated Friday morning as export-related shares were pressured by the yen's firm tone, while investors continued to digest the outcome of the Bank of Japan's latest policy decision with some skepticism.The 225-issue Ni...

  • Gov't concerned about yen's 'nervous' moves: senior MOF official

    TOKYO (Kyodo) -- The Japanese government is concerned about the yen's recent moves, a senior Finance Ministry official said Thursday after the currency firmed against the U.S. dollar following policy meetings of Japanese and U.S. central banks. "We a...

  • Japan meat processor eyes 1tn yen in sales

    OSAKA -- Japanese meat processor Itoham Yonekyu Holdings aims to achieve 1 trillion yen ($9.91 billion) in annual sales in three to five years, the company's president told The Nikkei Wednesday.That would represent a 20% leap from the 830 billion yen...

  • Market Scramble: Investors fed up with BOJ-driven market

    TOKYO -- Japanese and overseas investors alike are growing weary of the outsize role Japan's central bank plays in dictating the direction of the stock market here.The Bank of Japan's decision against pushing interest rates further into negative terr...