Nov 2, 2026
Latest Issue
The Bank of Japan's full October outlook says it will keep raising the policy rate, now guided at around 1.25%, while firms' funding costs rise from a low base and ETF sales step up to about ¥860bn a year from January.
Policy, Listings and Takeovers
Anthropic has registered a Japanese offering of up to an estimated $3.5bn (¥552.9bn at the filing's rate), sold through six Japanese dealers, while Nasdaq approval, the price, the share count and the pricing date remain open.
Policy, Listings and Takeovers
Finance Minister Katayama said on October 30 that the approved ¥1.148tn Middle East reserve draw leaves ¥735.9bn, the gasoline reference price rises to ¥175 in December, and winter power and gas support runs December to February.
Policy, Listings and Takeovers
Farallon Capital Management disclosed a 5.02% stake in Yamato Holdings and says it has proposed, by letter and in meetings, that the chairman leave the board and that all directors except the president be outside directors.
Inbox First
MARKETS
Tokyo equities softened while the 10Y JGB yield nudged lower.
Sourced from Nikkei, JPX, BOJ, MOF - values, not commentary.
Policy, Listings and Takeovers
Accenture's Japanese unit offers ¥8,500 a share for Global Security Experts, but holders of 59.83% will not tender and will sell to the company after a squeeze-out at ¥5,835 and ¥6,918.
Earnings and Breach Fallout
Macnica now expects ¥67.5bn of operating profit for the year to March 2027, 29.8% above its May forecast, on semiconductor demand, while its CPS Solutions segment, which includes the autonomous-bus business, is guided to a wider ¥8.0bn loss.
Earnings and Breach Fallout
Japan Airlines grew first-half sales 11.7%, but a 47.4% jump in fuel costs left EBIT down 36.0% at ¥70.2bn, and management kept its ¥180bn full-year EBIT forecast.
Earnings and Breach Fallout
Paycloud Holdings says up to about 380 client companies of its Arara mail service lost email addresses and member data, about 77 million addresses on a provisional count, and the service is suspended with no restart date.
Hitachi Energy's investor-day decks put first-half sales at $11.0bn and backlog above $65bn, and lift the 2030 adjusted EBITA margin ambition to 19–21%, backed by a $9bn capacity programme and a data-centre order push.
Sumitomo Corporation lifted its profit guide for the year to March 2027 by ¥40bn to ¥670bn and raised its dividend forecast to ¥44 a share, citing first-half profit of ¥347.9bn and expected second-half strength.
Sumitomo Chemical raised its core operating profit forecast to ¥270bn from ¥215bn, and its materials segment, now guided to ¥75bn against ¥20bn, accounts for the whole ¥55bn increase.
Mitsui O.S.K. Lines raised its forecast for net profit to ¥300bn for the year to March 2027, from ¥240bn in August, citing dry bulk and energy markets and an Ocean Network Express stake expected to beat its earlier assumptions.
NH Foods now expects ¥50bn of business profit for the year to March 2027, down 18% from its earlier forecast, as processing costs, feed and Australian cattle prices rise; its ¥1.5tn sales outlook is unchanged.
Oasis Management says it holds 5.04% of MIRAIT ONE and has already proposed delisting and a capital-policy change, while reserving board, asset and dividend proposals for the next 12 months.
Tenders of shares and options, equal to 207,044,870 shares, cleared the 158,716,000-share minimum, so K891, Inc. will buy all of them and, once settlement starts on November 9, become Leopalace21's parent with 63.35% of voting rights.
Prestige International says up to 5.5mn records, counting duplicates, were taken from a system run by a group company for road-service clients; the system is shut and the earnings impact is still under review.
Just in · 20:00
Takara Bio resolved to conclude a basic agreement dated November 2 to transfer its GMP cell-processing contract business to S-RACMO, with a definitive split contract scheduled for November 16 and an effective date of January 1, 2027; the price is undisclosed.
Just in · 19:59
T.RAD now expects ¥8.6bn of net profit, down from ¥9.5bn, citing Japan material costs, an expected US tariff burden and an early write-off of an old production system, even as it raises its sales forecast to ¥168.0bn.
Just in · 19:56
Obayashi completed its purchase of BCI UK Holdings on October 30, bringing 11 Multiplex group companies in Australia, the UK and Canada under its ownership; the filing gives no purchase price.
Oct 30, 2026
The BoJ Speeds Up ETF Sales
The Bank of Japan set its call-rate guide at around 1.25% by an 8-1 vote, with Takata Hajime proposing 1.5%, said it will keep raising rates, and will sell ETFs at about ¥860bn a year from January.
Policy Desk
Japan's Cabinet approved ¥1.148tn from its Middle East response reserve on 30 October, ¥1.146tn of it for METI's fuel-price mitigation fund and ¥2.25bn for taxi LPG support, leaving ¥735.9bn in the ¥2.5tn reserve.
Policy Desk
The industry ministry began administrative procedures on 30 October toward a business-improvement order against Chubu Electric, which has not been issued, and set winter electricity and gas relief for December to February.
Policy Desk
With the subsidy lapsing in March 2027, the FSA wants the industry's own failure buffer raised as a condition of permanence, and a simulation puts aid needed in a one-in-1,000 scenario at ¥1.14tn.
Japan's privacy regulator would write early detection of unauthorised access into its security guidance as a required measure, and has pulled its timetable forward after large breaches; comments are open until 27 November.
Mitsubishi Electric posted record first-half sales and adjusted operating profit on factory-automation, chip and air-conditioning demand, raised its annual adjusted profit guide to ¥710bn and decided on a buyback of up to ¥200bn.
Murata raised its full-year operating-profit forecast to ¥520bn from ¥430bn, crediting data-centre demand, higher production volume and product mix, with the second-half assumption of ¥155 to the dollar unchanged.
Yokohama Reito wrote off almost all of its outstanding funding to Norwegian salmon partner Hofseth with a ¥24.2bn special loss, turning its net profit forecast into a ¥13.8bn loss while raising sales and operating profit guidance; directors will give up pay.
Mitsubishi Logistics agreed to buy all of Hankyu Hanshin Express for ¥120.11bn, about ¥121.337bn with fees, adding an air and sea freight network that includes Asia; closing needs approvals and is targeted for the fourth quarter of fiscal 2026.
Matsuya Foods Holdings says a third party accessed its app management system, exposing 2,377,127 order and delivery records and a separate 2,000 to 3,000 app-member records that include encrypted passwords; the cause is under investigation.
An outside party reached a World subsidiary's business server on 17 October and the breach was detected on 28 October; about 1.2 million member records may have leaked, though the company has not confirmed that any payment data was exposed.
TOTO's board authorized purchases of up to 9.5 million shares, or ¥30bn, between November 2026 and March 2027, and plans to cancel all but 100,000 of the acquired shares on April 30, 2027.
Joshin raised its forecast for operating profit in the year to March 2027 to ¥11bn from ¥6bn, crediting early air-conditioner purchases ahead of a 2027 environmental-rule change and solid sales of other home appliances.
TDK now expects ¥3.05tn in sales and ¥365bn in operating profit for the year to March 2027, citing AI data-centre demand, and has raised its annual dividend forecast to ¥50 a share from ¥40.
Tokyo Metro's half-year operating profit slipped 1.6% to ¥49.2bn as costs rose 4.7%, and it now says operating profit in the year to March 2028 may fall below this year's ¥81.4bn forecast, with full-year guidance unchanged.
Foreign guest-nights fell 9.2% in September and Japanese ones 0.6% in preliminary data, while August's revised figures show China-origin nights down 50.8%; a January sampling change means year-on-year comparisons carry a caveat.
Just in · 20:01
Tamura has finished buying 80% of EMG Power Electric and will make the Italian maker its hub for medium-voltage dry transformers, with EMG's earnings consolidated from the fourth quarter of the year ending March 2027.
Just in · 20:00
Sumitomo Electric's information-communications sales rose 48.8% to ¥201.5bn in the April-September half on data-center optical demand, and the group lifted its full-year profit guide and raised its year-end dividend forecast to ¥25 a share.
Just in · 20:00
Sojitz held its ¥130bn profit guide as methanol prices and a new subsidiary lifted chemicals profit to ¥20.1bn, automotive fell to near zero, and a signed Gregory Crinum coal transfer still needs official approvals.
Oct 29, 2026
Chubu Electric's Nuclear Write-Off
Chubu Electric wrote off its nuclear power business assets, a ¥370.3bn special loss, after withdrawing Hamaoka Units 3 and 4 permit applications, and now forecasts a ¥215.0bn net loss for the year to March 2027.
Regulators and the Grid
A draft outline from the Nuclear Regulation Authority would require nuclear operators to confirm their own compliance, keep design records and face penalties for false filings, while ending the 30-day pre-notification system; comment closes Nov 27.
Regulators and the Grid
Chubu, Chugoku, Shikoku and Kyushu exceeded severe-weather demand assumptions this summer, and the national margin fell to 5.6% in the 16:00 to 17:00 minimum-reserve hour, but OCCTO's winter outlook keeps every area above the 3% minimum, with January the thinnest.
Deals and Bids
Shiga Bank will lift its stake in Senshu Ikeda Holdings to 11.81% of voting rights with a roughly ¥36.6bn purchase on October 30, a day after both banks agreed to work toward a share exchange targeted for April 2028.
ANA Holdings and RegionalPlus Wings, the parent of AIRDO, signed a largely non-binding agreement toward a share exchange planned for April 2027, with the exchange ratio to be decided by the signing of a final contract planned for late December.
Kamgras 1 added ¥1 to its Kakaku.com tender offer and extended it to Nov 12, while the Bain Capital and LINE Yahoo ¥3,700 proposal remains unlaunched and the board's support for Kamgras 1 is unchanged.
Komatsu lifted its full-year operating profit forecast to ¥585bn as demand beat plan across many regions, while the July-September margin fell to 12.1% and April-September construction and vehicles sales dropped in the Middle East, Asia and Japan.
Renesas's nine-month IFRS operating profit of ¥758.0bn includes a ¥450.3bn gain on selling its Timing business, while its Non-GAAP measure shows ¥408.7bn and third-quarter sales up 30.2%.
Kurita Water Industries cut its full-year business-profit forecast to ¥40.0bn from ¥61.5bn after design delays and required module rebuilds on one US electronics-industry project pushed estimated costs above the order value, while raising its sales guide.
Anritsu raised its operating-profit forecast to ¥22bn on strong optical-transceiver test demand and lifted its annual dividend forecast to ¥63, while guiding its environmental-measurement unit to a ¥1.2bn loss after a goodwill write-down.
Nippon Yusen lifted its forecast for net profit in the year to March 2027 by ¥90bn to ¥330bn, citing stronger container rates at affiliate ONE, while operating profit is guided up only ¥25bn to ¥210bn.
Ibiden's board approved about ¥151bn of planned spending, centred on its Ogaki site in Gifu, to expand IC package substrates for CPUs, with sequential start-up and mass production planned from fiscal 2029.
Konami lifted its forecast for the year to March 2027 to ¥583bn in sales and ¥200bn in business profit, up from ¥505bn and ¥150bn, saying first-half results ran ahead of plan and eFootball and Yu-Gi-Oh performed well, and raised its dividend forecast to ¥299.
Oriental Land's April to September operating profit of ¥78.5bn beat its ¥58.9bn forecast, and the Tokyo Disney Resort operator raised its full-year profit guide and annual dividend forecast to ¥18 a share.
Central Japan Railway plans to lift the Nozomi charge to its approved ceiling in July 2027 and revise Green car charges in December 2027, estimating ¥50bn to ¥60bn a year in extra revenue.
Takeda's half-year net profit rose 171.6% on a 4.1% effective tax rate, yet core operating profit grew just 0.7% at constant currency, even as the drugmaker raised its full-year profit forecasts.
Just in · 20:31
TEPCO's ¥52.7bn interim net profit follows a ¥712.4bn loss a year earlier, but the business posted a ¥33.7bn operating loss and negative operating cash flow, and the full-year forecast stays undecided.
Just in · 20:28
Osaka Gas raised its full-year sales forecast by ¥84bn to ¥2.25tn while holding ordinary profit guidance at ¥190bn, after a delay in passing fuel costs into gas tariffs cut interim ordinary profit by 21.6%.
Just in · 20:26
Nomura Research Institute lifted its operating profit guide for the year to March 2027 to ¥180bn, citing demand for AI-premised system modernisation and digital security, while cutting its consulting revenue forecast to ¥66bn.
Oct 28, 2026
GMO Internet's Breach Bill
Customers whose data an apparent attacker published will receive ¥10,000 to ¥25,000 per category, capped at ¥3mn per release, while parent GMO Internet Group funds a bounty of up to $1mn; the total cost cannot yet be calculated.
Regulators Weigh In
Japan's finance minister said five FX brokers have reported customer damage thought to be linked to GMO Internet rental servers; they have suspended trading for affected customers, while the FSA's authority covers only domestically registered operators.
Regulators Weigh In
A draft opinion before the FSA's sustainability assurance subcommittee proposes limited assurance and Japan-specific versions of international standards, with the target of finishing them by March 2027, a year before mandatory assurance starts for Prime Market companies worth ¥3tn or more.
Forecasts, Dividends and Buybacks
Advantest raised its operating profit forecast for the year to March 2027 to ¥967.0bn on AI-related tester demand, lifted its interim dividend to ¥49, and authorised buying back up to ¥280bn of shares through March 24, 2027.
Hitachi raised its full-year profit forecast to ¥920bn from ¥900bn and lifted its interim dividend to ¥32, though first-half profit attributable to owners fell 11.9% to ¥416.6bn against a year-earlier base with reorganisation gains.
NEC's newly consolidated CSG added ¥81.3bn of revenue and ¥5.9bn of interim profit, against ¥394.4bn of goodwill, and the group raised its Non-GAAP profit guide to ¥460bn while forecasting minus ¥90bn of free cash flow.
Nomura's pre-tax profit rose 21.1% to ¥359.5bn in the six months to September, annualized ROE reached 13.3% and the interim dividend went to ¥35, though the company gave no full-year forecast and the second quarter was softer than the first.
Japan Post Bank's unrealized loss on listed held-to-maturity bonds reached ¥5.676tn at September 30, against a book value of ¥33.17tn, but the bank says its forecasts for earnings and dividends this fiscal year are unchanged.
Shinkin Central Bank's interim profit rose 19.3% to ¥26.1bn, yet a ¥229.6bn fall in securities valuation differences left comprehensive income at minus ¥8.4bn, and held-to-maturity bonds carry a ¥671.6bn unrealised loss.
Nidec will file its internal control confirmation report with the Tokyo Stock Exchange on October 30, but extra auditor-requested checks on 252 sign-off candidates leave no date for audited corrected reports.
Matsui Securities says it is discussing an alliance with Japan Post Bank that includes a possible investment in Matsui, while the bank says only that it is weighing broker tie-ups; both say nothing is decided.
Japan Post Insurance reported ¥5.045tn of gross unrealized losses on listed held-to-maturity and policy-reserve bonds at September-end, ¥5.025tn net of gains, and left its full-year forecasts unchanged.
Dalton Investments reports a 5.05% stake in Premium Group, says the shares are undervalued, and plans to propose governance changes and a review of all strategic options, including going private and spin-offs.
Kansai Paint now owns all of Polisan Kansai Boya after paying $93mn for the other half, and a capital injection to repay the Turkish unit's debt is next; the profit effect is still unquantified.
Local governments, companies and nonprofits can claim up to ¥2mn per low-speed electric vehicle, but only for models the administering association has pre-registered, and projects must finish by 28 February 2027.
Just in · 21:03
Tomen Devices booked interim net profit of ¥25.11bn on higher memory prices, but inventory and borrowing grew sharply, its equity ratio fell to 14.0%, and full-year guidance stayed where it was.
Just in · 21:03
Tokyo Electron Device lifted its full-year sales forecast to ¥270bn from ¥240bn on customer advance orders and AI demand, but said longer supplier lead times on some products need watching.
Just in · 21:02
Higher raw-material and fixed costs cut Tokai Rika's first-half operating profit 17.7% despite 5.8% sales growth, with its Japan segment profit down 71.1%; the board still set an ¥8.6bn buyback ceiling and kept its ¥60 interim dividend.