Tokyo Market

Japanese construction industry

Tekken to increase profitability of projects this fiscal year

TOKYO -- Construction company Tekken is projecting a bump up in the profitability of its projects. The Tokyo-based contractor expects its nonconsolidated gross profit margin for completed projects to go up 0.8 point to 5.9% this fiscal year as it...

  • New chapter

    Seibu's skills put to test as Cerberus loosens grip

    TOKYO -- Now that Cerberus has reduced its stake in Seibu Holdings to where it no longer wields a veto, the Japanese conglomerate faces the challenge of proving its capability for growth. The two sides have had a tumultuous, hostile relationship ...

  • Growth industries

    Amano to set aside 10 billion yen for M&A

    TOKYO -- Japanese information systems company Amano plans to earmark 10 billion yen ($82.2 million) for mergers and acquisitions. The money will mainly go toward companies involved in employee and parking management systems, which are considered...

  • Stock reforms succeed

    Tokyo market cap hits record on rising foreign investment

    TOKYO -- Japan's stock market capitalization topped records for the first time in about 25 years Friday, as structural changes in the country's capital market attract more foreign investors. The Nikkei Stock Average closed at 20,264, its highest ...

  • Dealing with losses

    Toyo Engineering mulls capital increase to shore up eroded base

    TOKYO -- Toyo Engineering is considering a capital increase to boost its flagging capital ratio, President Kiyoshi Nakao told The Nikkei in an interview. The Japanese plant-engineering company posted a 20.9 billion yen ($171 million) group net lo...

  • Shareholder policy

    Marubeni to push dividend payout ratio up from 20%

    TOKYO -- Trading house Marubeni is looking to increase its dividend payout ratio as it seeks to better reward shareholders. The Japanese trading house calls for a ratio of 20% in its current medium-term business plan through this fiscal year -- l...

  • Market Scramble

    Japanese real estate stocks at crossroads

    TOKYO -- While many foreign investors are buying up Japanese real estate stocks on hopes of a surge in property prices, it is still an open question whether the shares will see a real recovery from an unexpectedly lackluster 2014. Mitsui Fudosan ...

  • New benchmarks

    Trio of indexes based on JPX-Nikkei 400 to launch in August

    TOKYO -- Nikkei Inc., Japan Exchange Group and the Tokyo Stock Exchange said Friday that they will start three new indexes based on the JPX-Nikkei Index 400. The JPX-Nikkei 400 was created in January 2014. It is made up of companies that meet cer...

  • JGBs soften slightly amid few trading clues

    TOKYO (Dow Jones) -- Japanese government bonds were slightly softer Friday as Tokyo shares rose. Traders said market participants were reluctant to make big moves with few trading clues and a 20-year JGB auction looming next week. The market offe...

  • Nikkei ekes out 6-day winning streak as BOJ leaves policy unchanged

    TOKYO (Kyodo) -- The Nikkei index on Friday claimed six straight trading days of gains for the first time this year after the Bank of Japan decided to retain its current monetary policy while upgrading its outlook for parts of the Japanese economy. ...

  • Dollar falls to upper 120 yen zone as BOJ decides to stand pat

    TOKYO (Kyodo) -- The U.S. dollar fell slightly to the upper 120 yen zone Friday morning in Tokyo as the Bank of Japan decided to keep its monetary policy unchanged, dashing some market participants' hopes for further easing. At noon, the dollar f...

  • Nikkei edges down in morning after 5-day rally, awaiting BOJ

    TOKYO (Kyodo) -- Tokyo stocks fell slightly on Friday morning as investors moved to lock in gains after the Nikkei index rallied for five straight trading days, with added caution ahead of a Bank of Japan policy decision. The 225-issue Nikkei Sto...

  • Nikkei edges down in morning after 5-day rally, awaiting BOJ

    TOKYO (Kyodo) -- Tokyo stocks fell slightly on Friday morning as investors moved to lock in gains after the Nikkei index rallied for five straight trading days, with added caution ahead of a Bank of Japan policy decision. The 225-issue Nikkei Sto...

  • Tokyo stocks edge down in early trading after Nikkei's 5-day gain

    TOKYO (Kyodo) -- Tokyo stocks edged down in early trading on Friday as investors moved to lock in gains after the Nikkei index rallied for five straight trading days. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 32....

  • Dollar trades in lower 121 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 121 yen level early Friday in Tokyo, little changed from its levels in New York overnight. At 9 a.m., the dollar fetched 121.05-13 yen compared with 120.97-121.07 yen in New York and 121.01-02 ...

  • Playing with power

    US asset management firm becomes Nintendo's top shareholder

    OSAKA -- An American asset management company has effectively become the largest shareholder in Nintendo, company filings revealed Thursday. Capital Research and Management upped its share in the Japanese video game company to 16.41%, according t...

  • Cashing out

    Cerberus unloading part of Seibu stake

    TOKYO -- U.S. private-equity firm Cerberus has begun selling part of its stake in Seibu Holdings, looking to recoup its investment after the Japanese railway operator's relisting. Cerberus is Seibu's top shareholder with a roughly 35% stake. It p...

  • Nikkei earnings preview

    Park24's first-half profit likely missed forecast on lackluster parking ops

    TOKYO -- Pretax profit at Japanese parking lot operator Park24 likely dropped 8% on the year to about 8 billion yen ($65.5 million) for the six months through April, undershooting the estimate by about 100 million yen. Mainstay parking services f...

  • Nonstop rally

    Investors cheer Itochu's China, shareholder strategies

    TOKYO -- Shares in Itochu are soaring, having gained nearly 20% over the past month and climbing to a record 1,638.5 yen ($13) at one point Thursday. When the Japanese trading house announced an investment into Chinese conglomerate Citic Group in...

  • Market Scramble

    Makeovers lifting Japanese electronics giants

    TOKYO -- Many of Japan's biggest electric machinery producers are shining at long last, with investors applauding their business transformations and improved earnings. The Nikkei subindex for electric machinery makers rose at one point Thursday t...