Latest news with #JXAdvancedMetals
Bloomberg
2 days ago
- Business
- Bloomberg
JX Advanced Metals to Cut Copper Output and Boost Recycling
Planned cuts to refined copper production at JX Advanced Metals Corp. will run to the tens of thousands of tons, a spokesperson for the Japanese company said Thursday, declining to give a more precise number. JX said on Tuesday it's considering reducing output due to tight supplies of concentrate, the feedstock for the refined metal. The company owns 48% of Pan Pacific Copper Co., the biggest producer in Japan with total annual refined copper capacity of 650,000 tons.
Reuters
13-06-2025
- Business
- Reuters
Exclusive: SBI Shinsei plans to file in July for a year-end relisting, sources say
TOKYO, June 13 (Reuters) - SBI Shinsei Bank, a unit of SBI Holdings (8473.T), opens new tab, is planning on filing as early as next month to relist on the Tokyo Stock Exchange, two people familiar with the matter said. SBI Shinsei, which is aiming to list by the end of the year, would follow a series of sizeable flotations in Japan over the past year as companies look to capitalise on market momentum that has seen the Nikkei share price average trade near record highs. The bank is aiming for a valuation of around 1.5 trillion yen ($10.46 billion), one of the people said, almost double that of JX Advanced Metals (5016.T), opens new tab, which listed in March. The people declined to be identified as the information is not public. SBI Holdings said it has maintained for some time it is considering listing SBI Shinsei Bank and that the July filing and year-end listing are not something it is aware of. ($1 = 143.4700 yen)
CNA
13-06-2025
- Business
- CNA
Exclusive-SBI Shinsei plans to file in July for a year-end relisting, sources say
TOKYO :SBI Shinsei Bank, a unit of SBI Holdings, is planning on filing as early as next month to relist on the Tokyo Stock Exchange, two people familiar with the matter said. SBI Shinsei, which is aiming to list by the end of the year, would follow a series of sizeable flotations in Japan over the past year as companies look to capitalise on market momentum that has seen the Nikkei share price average trade near record highs. The bank is aiming for a valuation of around 1.5 trillion yen ($10.46 billion), one of the people said, almost double that of JX Advanced Metals, which listed in March. The people declined to be identified as the information is not public. SBI Holdings said it has maintained for some time it is considering listing SBI Shinsei Bank and that the July filing and year-end listing are not something it is aware of. ($1 = 143.4700 yen)
Bloomberg
12-06-2025
- Business
- Bloomberg
Toho Titanium Shares Jump as JX Metals Mulls Unwinding
Toho Titanium Co. shares surged after parent JX Advanced Metals Corp. said it's considering ways to unwind the listing of the titanium unit as Japan's complex system of subsidiaries comes under scrutiny. JX will take full control of Toho if synergies between the two companies increase, President Yoichi Hayashi said in an interview with Bloomberg News on Wednesday. Shares of Toho jumped as much as 19%, the most since May 2022, while JX shares extended gains after the report.
Reuters
19-03-2025
- Business
- Reuters
JX Advanced Metals climbs 6.6% in largest Japanese IPO since 2018
TOKYO, March 19 (Reuters) - Shares in JX Advanced Metals (5016.T), opens new tab, the metals unit of Japan's largest oil refiner Eneos (5020.T), opens new tab, rose 6.6% in their debut in Tokyo on Wednesday after the country's largest initial public offering since 2018. Shares closed at 874 yen ($5.84), compared to the IPO price of 820 yen per share. The benchmark index (.TOPX), opens new tab was up 0.5%. Make sense of global markets with the Trading Day newsletter. Sign up here. The IPO raised $2.97 billion last week, making it the largest in Japan since the flotation of SoftBank Group's (9984.T), opens new tab telecoms unit in December 2018, exceeding the Tokyo Metro (9023.T), opens new tab IPO of last October, LSEG data showed. JX Advanced Metals is a leading manufacturer of sputtering targets, which are materials used to create thin metal films during chip production. "Both the initial and closing prices were highly regarded by our shareholders despite the unfavourable market environment," the company's President Yoichi Hayashi told a news conference after the market closed. Since 2019, the company has shifted its focus from mining and smelting to electronic materials used in smartphones, cars, and telecommunications infrastructure, following hefty losses from the Caserones copper mine in Chile. "Our shareholders invested in us with high expectations for our growth story. We are committed to meeting their expectations through business growth and will strive to deliver returns that align with those expectations," Hayashi said. ($1 = 149.6800 yen)
