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.
