SoftBank Corp. subsidiary Saimemory has partnered with Intel to develop high-capacity, energy-efficient memory technology tailored for artificial intelligence. The collaboration aims to bring new hardware to market by 2029, addressing the critical power and processing constraints currently facing global data centers.
Hirose Electric Co. Ltd. reported a decline in net profit for the first nine months of the fiscal year, despite a significant uptick in top-line revenue. The Japanese connector manufacturer saw its bottom line squeezed as operating costs weighed on margins during the period ending December 31.
Japanese industrial firm Sanyu Co. Ltd. (5697.TO) reported a significant bottom-line expansion for the nine months ended December 31, with net profit climbing to ¥477 million. The results, released under Japanese accounting standards, reflect steady top-line growth and improved operational efficiency compared to the same period last year.
Tokyo-based Riso Kagaku Corp. reported a nearly 20% surge in net profit for the nine months ended December 31, 2024, even as the company faced tightening margins and a slight contraction in top-line revenue. The printing technology specialist saw its net income reach ¥3.23 billion, up from ¥2.70 billion in the prior-year period, according to its latest financial filing.
Japanese services firm Tosho Co. Ltd. recorded a 19% increase in nine-month net profit, reaching ¥2.72 billion even as total revenue experienced a sharp decline compared to the previous year.
Iriso Electronics Co. Ltd. posted a 27% surge in net profit for the first nine months of the fiscal year, as the Japanese manufacturer benefited from a double-digit rise in revenue. For the period ending December 31, the company reported net income of ¥3.70 billion, up from ¥2.92 billion a year earlier, highlighting operational efficiency amid a recovering electronics market.
NTN Corp. reported a net profit of ¥3.72 billion for the nine months ending Dec. 31, reversing a substantial loss from the previous year despite a slight contraction in overall revenue.
Japanese industrial materials maker Fujimi Inc. reported a 6.9% increase in net profit to ¥7.77 billion for the nine months ended December 31, as a double-digit revenue surge bolstered the company’s bottom line.
Shares of Huatai Securities tumbled on Tuesday after the Chinese brokerage unveiled plans to raise HK$10 billion ($1.28 billion) through a zero-coupon convertible bond issuance, sparking investor concerns over potential equity dilution.
Shinmaywa Industries Ltd. reported a significant rise in net profit to ¥6.34 billion for the nine months ended December 31, as the Japanese industrial giant capitalized on steady revenue growth. The Tokyo-listed manufacturer saw gains across its core financial metrics, outpacing its performance from the same period in the previous fiscal year.
