PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Earnings from Eisai, Marubeni ORIX & Hanwha Aerospace
JAPAN
Eisai (4523 JT) - Co. 9-month net fell 8.1% Y/Y to JPY 41.8bln. (Newswires)
Honda (7267 JT) - Co. is to move automotive development to its R&D unit, spurring innovation. (Nikkei)
Marubeni (8002 JT) - Co. 9-month (JPY) net rose 1.7% Y/Y to 432.3bln. (Newswires)
NEC Corp (6701 JT) - Co. announced a JPY 30bln share buyback. (Newswires)
ORIX (8591 JT) - Co. 9-month (JPY) net 389.7bln (prev. 271.8bln Y/Y), rev. rose 11.8% Y/Y to 2.41tln. (RTT News)
Rakuten Bank (5838 JT) - Co. 9-month (JPY) net rose 51% Y/Y to 53.1bln. (Newswires)
SBI Holdings (8473 JT) - SBI Global Asset Management partnered with US-based State Street to launch a new investment trust focused on US energy companies. (Nikkei)
Takeda (4502 JT) - Co. inked a drug discovery deal with Iambic Therapeutics in which the latter could receive milestone-based payments of up to USD 1.7bln. (Fierce Biotech)
SOUTH KOREA
Hanwha Aerospace (012450 KS) - Co. FY25 (KRW) net fell 15.7% Y/Y to 2.14tln, oper. profit rose 75% Y/Y to 3.03tln, sales more than doubled to 26.6tln. (Yonhap)
S-Oil Corp (010950 KS) - Co. signed KRW 5.51tln contract with Saudi Basic Industries Corp. (Newswires)
Other News - South Korea’s Agriculture Minister pledged stepped-up efforts to boost food exports and diversify overseas markets. (Yonhap)
The earnings reports coming out of Japan and South Korea show a mixed bag of results. While Eisai and Hanwha Aerospace reported declines in net income, others like ORIX and Rakuten saw significant growth, indicating a potential divergence in sector performance. This could influence stock sentiment in the pre-market, especially for investors focusing on Japanese pharmaceutical and South Korean aerospace sectors.