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Big-bank boom, Kissei's EU setback, and Tokyo's anti-takeover paperwork
Megabank profits are suddenly abundant, but Europe just handed Kissei a regulatory migraine and one Tokyo dealer group spent its AGM renewing the anti-takeover paperwork.
MARKETS
Market pulse
Tokyo equities advanced while the 10Y JGB yield nudged lower.
Sourced from Nikkei, JPX, BOJ, MOF - values, not commentary.
lead
Big banks, bigger profits
Mizuho's US-GAAP profit nearly doubles as assets approach ¥295tn
Net income attributable to shareholders rose to ¥1.16tn in the year to March 2026, while total assets reached ¥294.9tn and loans, securities and trading assets all moved higher.
SMFG’s IFRS net income reaches ¥1.19tn in year to March
The annual report shows pretax profit of ¥1.56tn, net interest income of ¥2.83tn and total assets of ¥309.2tn at the March year-end.
secondary
Regulation, strategy and the sharp edges
Kissei consults Japan regulators after EU panel recommends revoking Tavneos
The CHMP said Tavneos’ benefits had not been shown to outweigh its risks after a review linked to phase III data-integrity concerns, leaving Kissei to assess Japan’s response and any earnings effect.
Monex resets executive pay, raising performance-linked incentives
Monex Group's chief executive will have a standard pay mix of 40% base pay, 25% short-term incentive and 35% long-term incentive under a policy overhaul that adds profit, ROE, relative TSR and mission goals to the scorecard.
Nissan Tokyo Sales renews takeover-response policy as shareholder seeks ¥3.16bn buyback
The group also approved a ¥893.7mn dividend and elected seven directors, but the available filing excerpt does not show whether the repurchase proposal was approved.
Saijo forecasts 74.4% operating profit rise as fresh food and fewer markdowns offset softer volumes
Sales are seen rising just 2% in the year to August 2026, but the newly listed retailer says stronger fresh-food demand and leaner inventory should lift gross profit even as shoppers buy fewer items.
Synspective puts 10th StriX satellite into orbit, verification phase begins
The Japanese company says antenna deployment and test communications succeeded after a Rocket Lab launch, and that the event was already built into its outlook for the year ending December 2026.
Jelly Beans launches STADIUM AI with NTTSportict, sets out four revenue lines
The 16-sport video service targets teams, facilities and municipalities, while the earnings effect for the year ending January 2027 remains under review.
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Results worth reading past the headline
FTGroup revenue falls to ¥31.58bn, pre-tax profit holds at ¥9.21bn
Sales fell to ¥31.58bn in the year to March 2026, but pre-tax profit still reached ¥9.21bn, and FTGroup said reporting controls were effective at the three business locations that account for about two-thirds of revenue.
Leading Securities profit rebounds to ¥171.8mn, but capital ratio eases
Revenue at the Japanese securities firm rose to ¥1.52bn and ordinary income reached ¥202.7mn in the year to March 2026, but the filing also shows a lower capital adequacy ratio and a slightly thinner equity buffer.
Shigematsu Works says reporting controls stayed effective as profit fell on higher sales
Sales rose to ¥15.59bn in the year to March 2026, but ordinary income fell to ¥933.0mn as the manufacturer said its financial-reporting controls remained effective across all business locations.
Shikoku Gas lifts earnings as sales slip in the year to March
Revenue slipped to ¥58.83bn, but ordinary income rose to ¥2.83bn and parent net profit to ¥1.85bn in the year to March 2026.
Sanden Kotsu lifts sales to ¥9.05bn, but ordinary loss widens
The Japanese transport operator raised revenue and ended March with ¥4.02bn in net assets, yet it still reported a ¥596.3mn ordinary loss while remaining net profitable.
Forest Holdings lifts sales to ¥522.4bn as ordinary income slips
Net assets rose to ¥160.44bn and profit attributable to owners of parent climbed to ¥8.82bn, even as ordinary income fell to ¥7.32bn.
quick hits
Quick Hits
MOONBAT approves 41-yen payout, details Yagi Tsusho ties
Read moreThe 140th-anniversary payment lifts the year-end dividend to 41 yen a share, while a separate disclosure says largest shareholder Yagi Tsusho had 24.49% of voting rights as of March 31 and accounted for ¥326.7mn of purchases.
Fujishoji names outgoing representative director as AGM approves board slate
Read moreTakenari Imayama is set to leave representative-director status, and Fujishoji shareholders have approved five directors and four audit-committee members, including president Tomohito Matsushita.
Yokogawa Bridge updates charter after B.R. Holdings consolidation, approves ¥60 year-end dividend
Read moreA March subsidiary consolidation is now being written into Yokogawa Bridge's stated business scope and meeting rules, alongside a ¥60 year-end payout.
AIDA pairs a ¥39 dividend with a liability-rule change for non-executive directors and corporate auditors
Read moreShareholders approved a ¥2.29bn cash payout and amended Articles 29 and 38 so certain non-executive directors and corporate auditors can sign liability-limitation agreements.
DMW shareholders approve revised ¥300mn director pay cap and ¥20mn restricted-stock limit
Read moreThe machinery maker’s annual meeting signed off a revised cap for non-audit-committee directors and allowed up to ¥20mn a year, within that framework, to be used for restricted stock for directors other than audit committee members and outside directors.
Saint Marc cuts director terms to one year, approves ¥26 dividend
Read moreShareholders put the board on an annual approval cycle and cleared a ¥26 per share year-end dividend, though the packet excerpt omits the meeting's vote figures.
Tobu Railway wins backing for 10-director slate and outside director compensation amount revision
Read moreShareholders approved three AGM items, including a 10-director board and a revision to the compensation amount for outside directors, giving Tobu a clear governance outcome even if the available excerpt leaves out the new figure.
SCREEN shareholders approve ¥170 year-end dividend, elect eight directors
Read moreThe annual meeting approved a ¥170 per-share payout and elected Masato Goto alongside seven other directors, formalising cash return and board appointments but offering no new operating update.
Shimadzu locks in ¥12.14bn payout as shareholders back seven directors
Read moreA ¥42-a-share year-end dividend and the company’s director slate cleared the annual meeting, giving investors final confirmation on both cash return and board elections.
Kyokuyo shareholders approve ¥1.79bn payout and 14-director slate
Read moreA ¥150-a-share dividend, worth ¥1.79bn in total, is now effective, while the annual meeting also signed off on the company’s 14-director slate.
ESPEC shareholders approve ¥70 year-end dividend and board slate
Read moreThe annual meeting confirmed a ¥70 payout per common share and elected seven directors plus three Audit & Supervisory Committee members, giving investors final public confirmation on cash return and governance.
Nichicon shareholders approve ¥19 year-end dividend, ¥1.28bn total
Read moreNichicon's annual meeting cleared a ¥19 per-share year-end dividend worth ¥1.28bn in total, with the distribution effective from June 29 and no broader capital-allocation update in the excerpt.
NSK shareholders approve nine-director board including Akitoshi Ichii
Read moreThe June 25 vote confirmed a nine-member board slate, including president Akitoshi Ichii, but the source text available here stops short of a readable vote breakdown.
Nihon Dengi shareholders back ¥99 a share payout and board slate
Read moreThe ¥1.59bn year-end dividend becomes effective on June 29, and investors also approved four directors plus one Audit and Supervisory Committee member.