PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Earnings results from Canon, Fujitsu & Nidec

JAPAN

Canon (7751 JT) - Co. Q1 net (JPY) rose 20.5% Y/Y to 72.2bln. (Newswires)

Fujitsu (6702 JT) - Co. FY24/25 (JPY) net fell 13.6% Y/Y to 219.8bln, Co. is to buy back up to 6.75% of shares worth JPY 170bln. (Newswires)

Nidec (6594 JT) - Co. FY24/25 net (JPY) rose 34.7% Y/Y to 167.7bln. (Newswires)

Nissan (7201 JT) - Co. revises FY24/25 net loss forecast to JPY 700bln-750bln from JPY 80bln, Co. decided to forgo Q2 dividend amid decline in performance and its year-end dividend is undecided, while it lowered its group operating forecast to JPY 85bln from JPY 120bln. (Newswires)

Nomura Real Estate (3231 JT) - Co. FY24/25 net (JPY) rose 9.8% Y/Y to 78.8bln. (Newswires)

Nomura Research (4307 JT) - Co. FY24/25 net (JPY) rose 17.7% Y/Y to 93.8bln. (Newswires)

Shibaura Electronics (6957 JT) - Minebea Mitsumi (6479 JT) is considering raising tender offer price for the acquisition of Shibaura Electronics in response to Yageo’s (2327 TT) offer. (Newswires)

Stanley Electric (6923 JT) - Co. FY24/25 net (JPY) rose 21% Y/Y to 32.1bln. (Newswires)

Other News

BoJ Governor Ueda said uncertainty regarding the global economy is heightening and the impact on business confidence must be scrutinised, while he reiterated that the BoJ is expected to keep raising interest rates if the forecast that underlying inflation will converge toward 2% materialises. (Newswires)

PBoC Governor Pan met with BoJ Governor Ueda on Wednesday, while the two sides exchanged views on macroeconomic and financial situations, as well as financial cooperation. (Newswires)

Japanese PM Ishiba said he decided on a package of measures to deal with US tariffs and instructed cabinet members to do the utmost to aid small and medium-sized enterprises that will be affected. (Newswires)

Japanese Finance Minister Kato met US Treasury Secretary Bessent and told him that US tariffs are deeply regretful, while they agreed the FX rate should be set by markets and that excessive volatility has an adverse effect on the economy. (Newswires)

Japan reportedly weighs buying more US soybeans as part of a tariff deal and is considering an increase in imports of American soybeans to help the US offset the loss of exports to China, while it was also reported that Japan is to consider boosting US corn imports amid trade talks. (Nikkei)

SOUTH KOREA

LG Electronics (066570 KS) - Co. considers raising prices of some products in response to tariffs, while LG Electronics signed a memorandum of understanding with Korea Electric Power Corp. (015760 KS) and Hanwha Corp. (000880 KS) to jointly develop next-generation data center cooling solutions. (Newswires)

SK Telecom (017670 KS) - Co. is to divest KRW 413bln of Kakao (035720 KS) shares. (Newswires)

Other News

South Korea’s Trade Minister said South Korea and US agree in principle on framework for trade talks, while it was announced that technical-level talks between South Korea and the US will be held in Seoul on May 15th and May 16th. (Newswires)

US Treasury Secretary Bessent said he had a good meeting with South Korea and they are moving faster than thought, while he said they will talk technical terms and could get to terms with South Korea next week. (Newswires)

25 Apr 2025 - 00:51- MetalsData- Source: Newswires