Japan's day, wrapped and delivered by morning.
Latest Tokyo Brief coverage on Nippon Light Metal Holdings Company, Ltd., tracking filings, financial news, and market signals from Japan.
TSE:5703
Nippon Light Metal Holdings raised its full-year operating profit target 22% to ¥33bn and lifted its dividend to ¥110 a share, citing recovering orders for aluminum plates used in semiconductor manufacturing equipment and sustained lithium-ion battery material sales.
Toyo Kanetsu approved a buyback of up to 900,000 shares, equal to 5.8% of shares outstanding excluding treasury stock, with spending capped at ¥2.0bn. The programme runs from July 1 to Sept. 18 through market purchases under a discretionary trading contract, which is clear enough even if the company is not obliged to use the full amount.