PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Japanese earnings release

AUSTRALIA

AMP (AT) - APRA removed the additional licence conditions imposed on N.M. Superannuation Proprietary. (Newswires)

GreenX Metals (GRX AT) - Co. is to acquire a large-scale copper project in Germany. (Newswires)

Star Entertainment (SGR AT) - NICC approved to further extend the appointment of Nicholas Weeks as manager of Star until 31st March 2025. (Newswires)

Westgold Resources (WGX AT) - Co. and Karora completed merger. (Newswires)

JAPAN

Astellas (4503 JT) - Co. Q1 (JPY) net rose 13.5% Y/Y to 37.6bln, sees FY24/25 net to rise 76% Y/Y to 30bln. (Newswires)

Casio Computer (6952 JT) - Co. Q1 (JPY) net rose 79.1% Y/Y to 6.2bln, sees FY24/25 net to decline 16% Y/Y to 10bln. (Newswires)

Daiwa Securities Group (8601 JT) - Co. Q1 (JPY) net rose 1.2% to 24bln. (Newswires)

Eisai (4523 JT) - Co. said global revenue of Leqembi in Q1 FY24 was approximately 2.2x higher than in the previous quarter. (Newswires)

Konami (9766 JT) - Co. Q1 (JPY) net rose 43.3% to 19.2bln. (Newswires)

Kyocera (6971 JT) - Co. Q1 (JPY) net fell 1.6% to 36.8bln, sees FY24/25 net to increase 10.8% Y/Y to 112.0bln. (Newswires)

Kyowa Kirin (4151 JT) - Co. announced a restructuring of APAC region business and change in specified subsidiary. (Newswires)

Marubeni (8002 JT) - China’s Xiamen C&D signed a purchase agreement with Marubeni for agricultural products such as oilseeds and grains. (Newswires)

Mazda (7267 JT) - Co. North America July sales rose 30.2% Y/Y to 39.9k units. (Newswires)

Mitsubishi UFJ Financial Group (8306 JT) - Co. Q1 (JPY) net fell 0.4% Y/Y to 555.9bln, Co. announced it will make a USD 393mln capital investment into Globe Fintech Innovations of the Philippines. (Newswires)

Mitsui & Co (8031 JT) - Co. Q1 (JPY) net rose 9.2% Y/Y to 276.1bln, sees FY25/25 net to decline 15.4% Y/Y to 900bln, China’s Xiamen C&D signed a purchase agreement with Mitsui & Co. for petroleum coke products. (Newswires)

Nippon Steel (5401 JT) - Co. Q1 (JPY) net fell 11% Y/Y to 157.6bln, sees FY24/25 net to fall 38.1% Y/Y to 340.0bln, Co. vice chairman said they aim to close the US Steel (X) deal after the US presidential election and before the end of the year. (Newswires)

Renesas (6723 JT) - Co. completes the acquisition of Altium. (Newswires)

SoftBank (9984 JT) - Co.-backed Ola Electric IPO received more than USD 2bln worth of bids for USD 330mln quota reserved for big institutions. (Newswires)

Toyota (7203 JT) - Co. July US sales fell 5.1% to 181.9k vehicles, while US electrified sales rose 45.1% Y/Y to 82.7k vehicles. (Newswires)

Automakers - Honda (7267 JT), Nissan (7201 JT) and Mitsubishi (7211 JT) have signed an MoU to start a discussion towards a partnership, while the report added Honda and Nissan agreed to joint research in fundamental technologies for next-gen software-defined vehicles and reached an agreement to commonise battery cell module specification for EVs from mid- to long-term view. (Newswires)

SOUTH KOREA

Hyundai Motor (005830 KS) - Co. July global sales fell 1.4% Y/Y to 332.0k units, while America July total sales increased 4% Y/Y to 69.2k units. (Newswires)

Kia Corp (000270 KS) - Co. July global sales rose 0.2% Y/Y to 261.3k units. (Newswires)

LG Display (034220 KS) - Co. picked CSOT as the preferred bidder to discuss the sale of its Guangzhou plant. (Newswires)

Geopolitical - South Korea is ready to provide North Korea with relief supplies for heavy rain damage., according to the Unification Ministry. (Newswires)

02 Aug 2024 - 00:46- MetalsResearch Sheet- Source: Newswires