PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Earnings deluge

JAPAN

ANA Holdings (9202 JT) - Co. 9-month (JPY) net fell 10% Y/Y to 134.0bln. (Newswires)

Chubu Electric (9502 JT) - Co. 9-month (JPY) net fell 53.2% Y/Y to 167.2bln, Co. booked a loss of JPY 17.9bln on its 3 offshore wind power projects in Japan for April-December period and its subsidiary C-Tech is revaluating the feasibility of its offshore wind power projects. (Newswires)

Fuji Media Holdings (4676 JT) - Activist fund Dalton Investments called for the resignation of a longtime director at Fuji Media Holdings. (Newswires)

Honda (7267 JT) - Co. January American Honda sales rose 3.8% Y/Y to 96.8k units. (Newswires)

JR East (9020 JT) - Co. 9-month (JPY) net rose 17.0% Y/Y to 216.6bln. (Newswires)

JR Tokai (9022 JT) - Co. 9-month (JPY) net rose 18.2% Y/Y to 376.9bln. (Newswires)

Kyocera (6971 JT) - Co. 9-month (JPY) net fell 79.7% Y/Y to 18.3bln, Co. is to conduct about JPY 200bln of buybacks in FY25/26 and is to buy back about another JPY 200bln over 3 years from FY26/27 to FY28/29, Co. is to offload one-third of its 15.3% stake in KDDI Corp (9433 JT) over the next two years. (Newswires)

Mazda (7261 JT) - Co. January North America sales rose 11.2% Y/Y to 33.7k units. (Newswires)

Mitsubishi Motors (7211 JT) - Co. 9-month (JPY) net fell 67.7% Y/Y to 33.2bln. (Newswires)

Mizuho Financial Group (8411 JT) - Co. 9-month (JPY) net rose 33.1% Y/Y to 855.4bln. (Newswires)

Murata Manufacturing (6981 JT) - Co. 9-month (JPY) net rose 15.4% Y/Y to 201.3bln. (Newswires)

Nippon Steel (5401 JT) - Co. and US Steel (X) request court to set aside former President Biden’s block of the companies’ partnership. (Newswires)

Resonac (4004 JT) - Dai Nippon Printing (7912 JT) is to acquire packaging unit from Resonac. (Newswires)

Seven & I Holdings (3382 JT) - Co. plans to decide on a final buyer by Spring. (Nikkei)

Subaru (7270 JT) - Co. January America sales fell 4.1% Y/Y to 46.4k units. (Newswires)

Sumitomo Mitsui Financial Group (8316 JT) - Co. is to retire treasury shares worth 1% of outstanding stock on February 20th. (Newswires)

Toyota (7203 JT) - Co. January North America sales fell 1.3% Y/Y to 163.6k units. (Newswires)

Energy/Power - Japan is to raise the local content target for offshore wind farms to 70%. (Nikkei)

SOUTH KOREA

Hyosung Corp (004800 KS) - Co. Q4 (KRW) oper. profit rose nearly 4000% Y/Y to 129.5bln. (Newswires)

Hyosung Heavy Industries (298040 KS) - Co. Q4 (KRW) oper. profit rose 108% Y/Y to 132bln. (Newswires)

Hyosung TNC (298020 KS) - Co. 2024 (KRW) oper. profit rose 27% Y/Y to 271bln. (Newswires)

Hyundai Motor (005380 KS) - Co. January global sales fell 2.3% Y/Y to 310.4k units. (Newswires)

Kia Corp (000270 KS) - Co. January global sales fell 2.4% Y/Y to 239.6k units. (Newswires)

Samsung Electronics (005930 KS) - Co. is expected to discuss cooperation with OpenAI CEO Altman. (Newswires)

03 Feb 2025 - 23:46- EquitiesResearch Sheet- Source: Newswires