PRE-MARKET JAPANESE STOCKS NEWS: Fast Retailing (9983 JT) forecasts FY27 net profit of JPY 560bln, which would mark its seventh consecutive year of record earnings

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PRE-MARKET JAPANESE STOCKS NEWS: Fast Retailing (9983 JT) forecasts FY27 net profit of JPY 560bln, which would mark its seventh consecutive year of record earnings

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Fast Retailing (9983 JT) - Co. forecasts FY27 net profit of JPY 560bln, which would mark its seventh consecutive year of record earnings. (Nikkei)

Mitsubishi Materials (5711 JT) - Co. has begun sourcing recycled tungsten from Vietnam for carbide tools as an alternative to Chinese supplies amid export restrictions. (Nikkei)

Mitsubishi Motors (7211 JT) - Honda (7267 JT) is reportedly planning to sell the Co.'s Triton pickup truck under its own brand. (Yomiuri)

Nissan Motor (7201 JT) - Co. will launch its China-made Frontier Pro pickup truck in Mexico this month, with subsequent launches planned in Southeast Asia and Australia. (Nikkei)

SoftBank Group (9984 JT) - Co. and Grab (GRAB) plan to develop AI infrastructure in Malaysia's Sarawak state alongside a local energy group, including talent development initiatives. (Nikkei)

Sumitomo Bakelite (4203 JT) - Co. plans to invest USD 63mln to expand semiconductor encapsulation material production at its facilities in China and Singapore to meet growing demand for advanced chips. (Nikkei)

Terumo (4543 JT) - Co. faces a USD 610mln hit, including impairment losses, after ending a plasma device supply agreement with US-based CSL Plasma, prompting a reduction in its FY guidance. (Nikkei)

Autos

Japan's EV subsidies are said to have benefited Tesla (TSLA) more than Honda (7267 JT) and Nissan (7201 JT), while around 90% of the FY26 subsidy budget is expected to have been used by September, just six months into the fiscal year. (Nikkei)

Context

Pre-market Japan wraps of this kind are a Nikkei-led composite rather than a single event, and the lead item sets the tone: a Fast Retailing profit forecast framed as a seventh straight record year is the sort of guidance that matters less for the absolute print than for what it implies about Uniqlo's overseas margin trajectory, which has historically been the swing factor between the stock rewarding and punishing an in-line number. The Terumo item is the cleaner read: an impairment tied to a terminated supply agreement is a one-off in accounting terms but typically prompts questions about contract concentration and the durability of the remaining book, and guidance cuts of this kind have tended to be treated as kitchen-sink opportunities only where the core business is demonstrably untouched. The Mitsubishi Materials and Sumitomo Bakelite items sit in the established supply-chain-diversification and advanced-packaging themes; recycled tungsten sourcing outside China is a direct read-across from export-restriction episodes, a pattern that has recurred whenever Chinese controls on strategic materials have tightened. The EV subsidy note, with most of the annual budget reportedly exhausted early and skewed toward a foreign maker, is the sort of detail that tends to invite a policy response rather than fade quietly. Follow-ons are the individual company confirmations and any ministry comment on subsidy reallocation.

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