Maya Patel

Solar Industries posts solid 3Q results

Solar Industries India reported its 3QFY25 results on February 5, 2025, demonstrating significant outperformance from the prior corresponding period. Sales increased 38% YoY to INR19.7bn, while EBITDA grew 46% to INR5.4bn. Consequently, net income surged by 52% to INR3.4bn.

February 13, 2025 at 04:57 am

Rise in AUM for Shriram Finance in 3Q

Shriram Finance has recently released its 3QFY25 results on January 24, 2025. The company has witnessed a decent growth trajectory over the period, with no major concerns on asset quality. AUM registered an increase of 18.8% YoY to reach INR2.5tn, driven by growth in Passenger Vehicles, Farm Equipment, MSMEs and 2-Wheelers.

February 12, 2025 at 04:27 am

Breville Group faces heat amid unfavourable US tariffs

Breville shares dipped around 1% to A$37.12 ASX on 5th February, following 10% import tariff levy on Chinese imports. The company has significant exposure to the US market, with almost half of its revenue coming from the US, and nearly all of that revenue is derived from goods manufactured in China. Additionally, Breville has built up inventory in the US since November 2024 to maintain pricing levels and has announced plans to relocate and move around 80% of the 120-volt production out of China by the end of 2025.

February 10, 2025 at 02:22 pm

Karur Vysya Bank adds new branches in Tamil Nadu

Karur Vysya Bank inaugurated 4 new branches in Tamil Nadu on January 27, 2025. The new branches will cater to all banking transactions, offering the entire spectrum of banking products and financial services to retail, institutional and consumer clients. The addition of new branches takes the total branch network of the bank to 870.

February 10, 2025 at 10:27 am

HOYA announces share repurchase to improve capital efficiency

HOYA announced a share repurchase program on February 3, 2025, with the goal of improving capital efficiency for shareholders’ benefit. Accordingly, the company plans to repurchase approximately 3mn shares for a consideration of JPY50bn. The repurchase period starts from February 4, 2025, through April 21, 2025.

February 07, 2025 at 07:16 am

Financial Partners Group enters into a partnership agreement with Yume Sports

Financial Partners Group forged a partnership agreement with Yume Sports on February 3, 2025. Yume Sports is the operating company of J2 League club FC Imabari. The partnership will facilitate Financial Partners Group to display advertisements at the club’s home games during the 2025 season.

February 06, 2025 at 02:38 pm

Emirates Integrated partners with Nokia to deploy commercial 5G Cloud RAN

Emirates Integrated Telecommunications, in partnership with Nokia have deployed the first commercial 5G Cloud RAN solution in the Middle East and Africa region. The UAE based telecom company would take support and utilize the Finnish telecommunications group’s flexible anyRAN approach to expand its 5G network and offer new services in the region.

February 05, 2025 at 09:32 am

U-Next Holdings completes acquisition of Netmove Corporation

U-Next Holdings completed the acquisition of Netmove Corporation from SBI Sumishin Net Bank, Ltd. on December 2, 2024. The transaction, which makes NetMove Corporation a wholly owned subsidiary of the company, will involve inheriting the acquiring business of SBI Sumishin Net Bank through a company split.

February 04, 2025 at 12:36 pm

MoU between Chugai, SoftBank and SB for joint research using generative AI

Chugai Pharmaceutical, SoftBank Corp and its subsidiary, SB Intuitions have recently signed a Memorandum of Understanding to conduct joined research aimed at innovating clinical development processes in new drug development using generative AI. The MoU, effective January 30, 2025, aims to make substantial improvements in the productivity of clinical development processes and accelerate new drug development.

February 03, 2025 at 08:33 am

Leadership changes in Sony to enhance long-term growth story

Sony Group has announced the appointment of Hiroki Totoki as its Chief Executive Officer, with effect from April 1, 2025. The announcement made on January 29, 2025, states that the group is pivoting to a new management structure to support its long-term growth. Totoki will succeed Kenichiro Yoshida, who will continue to be the Chairman of the company.

January 31, 2025 at 12:58 pm

First half growth fueled by ongoing demand for Sohgo Security

Sohgo Security Services released its 1HFY25 results on November 6, 2024. Net sales increased 6.9% YoY to JPY263.2bn, aligning with consensus estimates. Following the announcement, the company’s stock price reacted strongly, rising over 6% on November 7 to reach a high of JPY1129.5.

January 31, 2025 at 04:52 am

Guidance upgrade for MIURA driven by acquisition and demand for marine boilers

MIURA has updated its FY25 guidance on the back of strong demand for marine boilers from customers outside Japan. The revision in guidance was further made to include the revenue of the acquired Cleaver-Brooks, Inc. in May 2024. As a result, the company now anticipates revenue to be JPY257bn, compared to prior guidance of JPY175.5bn.

January 30, 2025 at 08:27 am

Terumo launches its Injection Filter Needle under INFINO

Terumo announced the global launch of the Terumo Injection Filter Needle on January 15, 2025. This marks an initial step of the INFINO? development program. Indicated for hypodermic as well as for intravitreal injections, the Injection Filter Needle features an integrated polyamide 5-micrometer mesh filter to prevent particles from being injected.

January 29, 2025 at 11:28 am

Strong fundamentals drive guidance revision for SECOM

SECOM Co., Ltd. has revised its guidance upwards for FY25, tracking its strong performance in 1HFY25 and aided by favourable industry trends. The revised guidance, released on November 8, 2024, along with first-half results, now anticipates consolidated sales of JPY1.2tn, operating income of JPY140.8bn and a net income of JPY104.6bn.

January 28, 2025 at 11:52 am

Azbil Corporation’s JPY15bn buyback program gains pace

Azbil has announced its plans to repurchase its own stock to the value of JPY15bn or 24mn shares from November 26, 2024, to March 24, 2025. The company further plans to invest treasury shares worth approximately JPY10bn in human capital and cancellation of approximately JPY5bn of treasury shares. Accordingly, the company repurchased 1.95mn shares for JPY2.39bn in December 2024.

January 28, 2025 at 10:37 am

Netwealth Group reports record net FUA inflows in December

Netwealth has reported Funds under Administration (FUA) of AUD24bn in the December 2024 ended quarter, compared to AUD18bn registered in the prior corresponding period. The rise in FUA was aided by record-level net FUA inflows of AUD4.5bn during the period. The group also reported an increase in total number of accounts to 151,437 during the period end, from 132,826 a year earlier.

January 27, 2025 at 02:04 pm

Acquisition of JASTEC to complement JEOL’s growth strategy

JEOL reached an agreement to acquire all shares of Japan Superconductor Technology from Kobe Steel on November 22, 2024. With their expertise in the manufacture and sale of superconducting wires and magnets, Superconductor Technology will add significant value to JEOL by strengthening its development and production systems, and overall competitiveness. Notably, the transaction was expected to be finalised by January 6, 2025.

January 24, 2025 at 01:11 pm

TSMC’s new U.S. plant unlikely to get first access to latest tech

TSMC has updated that its new plant in the U.S. is unlikely to get first access to the latest and most advanced chip technology, which would be rolled out in factories in Taiwan initially. The company’s CEO has cited complex compliance issues, local construction regulations and various permitting requirements in the U.S. for the delay in implementation of the latest tech.

January 23, 2025 at 12:53 pm

Meituan partners with Walmart for express delivery in China

Meituan has collaborated with U.S. retailer Walmart to launch an express shopping service in mainland China. The announcement, made on December 17, 2024, states that all of Walmart China’s Stores are now listed on the Meituan platform. Moreover, the partnership allows for the delivery of items within 30 minutes.

January 22, 2025 at 01:42 pm

Hindustan Zinc reports record metal production in third quarter

Hindustan Zinc announced its production numbers for 9MFY25 on January 2, 2025. Mined metal production increased 1% YoY in 9MFY25 to 784kt, supported by improved mined metal grades and mill recovery. Refined metal production was also highest at 783kt during the period, rising 3% YoY, aided by better plant availability and operational parameters. Within refined metal production, refined zinc production grew 3% to 613kt, and lead production surged 4% to 170kt.

January 21, 2025 at 03:03 pm

MOU between Japan Exchange and Authentic Indication

JPX has signed a MOU with Authentic Indication, K.K. to enhance the execution environment for block trades through the provision of Indication of Interest (IOI) services. This platform allows investors to gauge demand for block trades discreetly, without revealing their own interests to the market.

January 20, 2025 at 02:13 pm