{
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001122334455554433221100

kyocera to reduce kddi stake to strengthen financial position

Kyocera Corp. plans to reduce its 15.3% stake in KDDI Corp. by about a third over the next five years, aiming to strengthen its finances. The stake, valued at approximately ¥1.6 trillion ($10.4 billion), may also be used as collateral for loans, with potential further reductions in holdings and non-core operations under consideration.
bloomberg.com
Japanese Yen Kyocera Corporation KDDI Corporation JPN
Finance & Economy, Market Report
07:25 30.10.2024

Nikkei rises on tech gains while investors await corporate results

The SMI closed lower, with Swiss Re among the decliners, while Wall Street showed weakness. In Tokyo, the Nikkei index rose 0.3% to 39,110.95, buoyed by technology stocks like Advantest and Tokyo Electron, despite caution ahead of corporate results and the upcoming general election on October 27. Fast Retailing, KDDI, and Daiichi Sankyo were among the notable losers.
cash.ch
United States Dollar Daiichi Sankyo Company, Limited Advantest Corporation Tokyo Electron Limited Fast Retailing Co., Ltd. Swiss Re AG KDDI Corporation JPN Daiichi Sankyo Masahiro Ichikawa Show more
TradFi, Market Report
09:00 18.10.2024
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