PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Earnings from Japan Tobacco, KDDI, Nexon, Nissan, Rakuten & SoftBank
The earnings reports from major Japanese firms reflect a mixed landscape: Japan Tobacco posted strong growth, whereas companies like Nissan and Rakuten reported steep losses, highlighting challenges in certain sectors.
Japan's Trade Minister Akazawa engaged with US Commerce Secretary Lutnick on US-bound investment initiatives and confirmed progress on talks to launch the USD 550bln investment
Australia sells AUD 1bln 2.50% May 2034 bonds, b/c 3.44, avg. yield 4.2898%
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Earnings from Japan Tobacco, KDDI, Nexon, Nissan, Rakuten & SoftBank
Japanese Stock Investment by Foreigners (Feb/07) 543.2B (Prev. 494.6B)
Japanese Foreign Bond Investment (Feb/07) -365.7B (Prev. 713.7B, Rev. From 713.7B)
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JAPAN
Dentsu (4324 JT) - Co. is reportedly to post a record net loss for fiscal year ended December 2025. (Nikkei)
Honda (7267 JT) - Co. partnership negotiations with Nissan Motor (7201 JT) in areas such as autonomous driving and US production have been tripped up by disagreements over specifics. (Nikkei)
Japan Tobacco (2914 JT) - Co. FY (JPY) net rose 185% Y/Y to 510.2bln, net sales rose 13% Y/Y to 3.47tln. (Newswires)
KDDI (9433 JT) - Glancy Prongay Wolke & Rotter LLP announced it has commenced an investigation on behalf of KDDI investors concerning the Co.’s possible violations of the federal securities laws. (Newswires)
Nexon (3659 JT) - Co. FY25 (JPY) net fell 31.7% Y/Y to 92.1bln, rev. rose 6.5% Y/Y to 475.1bln. (Games Industry)
Nissan (7201 JT) - Co. Q3 (JPY) oper. profit fell 44% Y/Y to 17.5bln (exp. loss 81bln), 9-month loss 250.2bln (prev. profit 5.2bln Y/Y), 9-month net sales fell 6.2% Y/Y to 8.58tln, Co. expects losses to deepen as restructuring continues. (Newswires/Nikkei)
Rakuten (4755 JT) - Co. FY (JPY) net loss 177.9bln (prev. loss 162.4bln Y/Y), rev. rose 9.5% Y/Y to 2.5tln. (Newswires)
Softbank (9984 JT) - Co. 9-month (JPY) net rose around 400% Y/Y to 3.17tln, net sales rose 7.9% Y/Y to 5.72tln. (Newswires)
Toyota Industries (6201 JT) - Toyota Motor (7203 JT) extended the bid for the group’s forklift maker until March 2nd after Elliott's opposition. (Newswires)
IPO News - Japan's PayPay app, which is backed by SoftBank (9984 JT), is set to go public on the Nasdaq in a USD 19.6bln IPO next month. (Nikkei)
SOUTH KOREA
Hanssem (009240 KS) - Co. FY25 (KRW) net fell 69.4% Y/Y to 46.3bln, sales fell 8.6% Y/Y to 1.74tln. (Yonhap)
Hybe Co (352820 KS) - Co. FY25 (KRW) oper. profit fell 72.9% Y/Y to 49.9bln, rev. rose 17.5% Y/Y to a record 2.65tln. (Yonhap)
Other News
Moody's affirmed South Korea at Aa2; Outlook Stable, while it sees its economy growing 1.8% this year. (Yonhap)
For South Korea, the ratings affirmation from Moody's is positive but may not fully offset the declines seen in Hybe and Hanssem. This could signal caution in equity markets, especially for undervalued sectors.
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