PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Earnings from Idemitsu Kosan, Recruit Holdings and Naver

Idemitsu Kosan (5019 JT) - Co. H1 (JPY) net 322.4bln (prev. 61.7bln Y/Y), raised FY27 net profit guidance to 295bln (prev. 75bln), supported by stronger oil prices and robust trading and export earnings. (Newswires)

IHI (7013 JT) - Co. reportedly plans to begin mass production of small dual-use satellites in Japan, using a domestic supply chain to support satellite constellations for monitoring critical defence facilities. (Nikkei)

Marubeni (8002 JT) - Co. CEO Masayuki Omoto expects global economic growth to shift towards southern markets and plans to capitalise on rising local demand across individual economies. (Nikkei)

Nissan Motor (7201 JT) - Co. warned that the decline in Chinese auto sales intensified through October, adding uncertainty to its restructuring efforts and target of returning to a full-year net profit. (Nikkei)

Recruit Holdings (6098 JT) - Co. H1 (JPY) net 411.6bln (prev. 248.3bln Y/Y), rev. 2.14tln (prev. 1.794tln Y/Y), EPS 293.06 (prev. 171.70 Y/Y). (Newswires)

Yamada Holdings (9831 JT) - Co. is reportedly considering the sale of a portfolio of stores valued at approximately JPY 100bln, potentially including its LABI outlets in Tokyo's Shibuya and Shinjuku districts, with intermediaries approaching prospective buyers. (Newswires)

Meritz Financial Group (138040 KS) - Co. Q3 (KRW) net fell 26.6% Y/Y to 490.5bln, operating profit fell 39.7% Y/Y to 519.9bln, rev. rose 78.2% Y/Y to 13.13tln. (Yonhap)

Naver (035420 KS) - Co. Q3 (KRW) net 399.50bln (exp. 506.64bln), operating profit 451.30bln (exp. 496.27bln), rev. 3.47tln (exp. 3.50tln). (Newswires)

POSCO Holdings (005490 KS) - Co. signed an MoU with GS Group to explore overseas AI data centre projects, combining POSCO's steel products and technological solutions with GS' expertise in data centre construction and operations. (Yonhap)

Samsung Fire & Marine Insurance (000810 KS) - Co. Q3 (KRW) net fell 8.3% Y/Y to 493.7bln, operating profit fell 13% Y/Y to 577.4bln, rev. rose 13.6% Y/Y to 6.5tln. (Yonhap)

• South Korea's ambassador to the US reiterated Seoul's willingness to participate in the proposed Alaska LNG project, subject to commercial viability and legal requirements. (Yonhap)