April 15, 2025 at 02:47 am EDT
(MT Newswires) -- Japanese shares rose on Tuesday after US President Donald Trump signaled a possible pause in auto tariffs, adding to market relief from the suspension of duties on some electronics.
The Nikkei 225 climbed 0.89%, or 301.55 points, to end at 34,283.91.
Trump is considering modifying 25% tariffs on foreign auto imports, which could raise car costs.
This follows a move to exempt some electronics from tariffs while increasing probes into semiconductor imports ahead of announcing their tariff rate next week.
On the corporate front, Orbis Investments, holding 9.7% of Tsuruha Holdings, plans to oppose its merger with Welcia Holdings, backed by Aeon.
Orbis argues the deal undervalues Tsuruha, citing its stronger profitability and balance sheet. The firm also objects to Aeon controlling the merged entity.
Orbis will vote against the deal at the May 26 shareholders' meeting, aiming to secure over one-third opposition.
J. Front Retailing reported a 39% rise in attributable profit to 41.4 billion yen for the fiscal year ended Feb. 28, driven by strong department store and shopping center sales.
Diluted EPS rose to 160.15 yen from 114.06 yen. Sales climbed 8.6% to 441.9 billion yen, while gross sales gained 10.1% to 1.268 trillion yen.
Eat & Holdings restored its Kanto First Plant in April after a December 2023 fire disrupted production.
While production reached 37,867 tons for the fiscal year, the fire affected overall performance.
Sumber : MT Newswires
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