Japan's Big Non-Life Insurers Plan to Sell Cross Shareholdings
Japan's three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in the fiscal year started April in a push to reduce strategic holdings in line with government policy.
Tokio Marine Holdings Inc. plans to sell plans to sell ¥600 billion of shares, MS&AD Insurance Group Holdings Inc. aims to offload ¥573 billion and Sompo Holdings Inc. targets ¥200 billion, according company announcements on Tuesday.
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The Verge
an hour ago
- The Verge
Nvidia's Arm-powered gaming laptop could launch later this year with Alienware
Nvidia's Arm-based PC chip could make its debut in Alienware's laptops later this year or in early 2026, according to a report from the Taiwanese publication United Daily News. The chipmaking giant is reportedly working with MediaTek to develop an accelerated processing unit (APU) that combines an Arm-powered CPU with Nvidia's Blackwell GPU architecture. Nvidia is already popular in traditional gaming laptops using Intel or AMD chips, but an Arm CPU entry may well improve the Windows on Arm gaming situation. Qualcomm's Snapdragon X chips have to run games emulated using Microsoft's Prism software, and game compatibility and performance is severely limited on Qualcomm's GPUs right now. We first heard rumors about Nvidia's Arm-based chip in 2023, which could serve as yet another competitor to Intel's chips and the Arm processors built by Qualcomm. Last week, a video from YouTuber Moore's Law is Dead showed off what appears to be a leaked image of Nvidia's rumored APU, with sources suggesting it could run between 80W and 120W. In January, Nvidia CEO Jensen Huang said during an investor's presentation that the company has 'plans' for the Arm-based CPU installed inside Digits, its personal AI supercomputer, Reuters reported at the time. Dell CEO Michael Dell also hinted at the possibility of launching an AI PC with Nvidia, as he replied, 'come back next year' when asked about Nvidia's presence in the AI PC market during an interview in 2024. Nvidia isn't the only company that could challenge Qualcomm's dominance in the Arm-based CPU space. MediaTek is also rumored to be working on an Arm chip of its own, while recent reports also suggest AMD is developing an Arm-based chip for Microsoft Surface laptops.
Associated Press
an hour ago
- Associated Press
TNL Mediagene to Participate in Maxim Group's 2025 Virtual Tech Conference: "Discover the Innovations Reshaping Tomorrow" on June 3-5, Provides Valuation Update
NEW YORK and TOKYO, June 2, 2025 /PRNewswire/ -- TNL Mediagene (Nasdaq: TNMG) (the 'Company'), a Tokyo-based next-generation digital media and data group in Asia, has been invited to participate in Maxim Group's 2025 Virtual Tech Conference: 'Discover the Innovations Reshaping Tomorrow', taking place on June 3-5, 2025. The conference will focus on how the rapid evolution of technology is paving the way for disruption across all industries, including healthcare, drones, consumer IoT, business solutions, gaming & entertainment, and more. Key topics will include an exploration of how emerging growth companies are expanding their use of quantum computing and artificial intelligence (AI) to position themselves for the future. Maxim Group's senior analysts will facilitate engaging dialogues with CEOs and key management of diverse companies who have their attention on technology and how it will impact and grow their business. Co-Founder & CEO Joey Chung and Co-Founder & President Motoko Imada will participate in a fireside chat at the event where they plan to discuss some recent highlights including the Company's strong FY2024 performance of consolidated revenue of $48.5 million, gross profit of $17.7 million, near break-even adjusted EBITDA and adjusted EPS of negative $0.035 per share; co-hosting the recent 2025 Generative AI Conference, one of Asia's most influential AI events that drew approximately 1,000 AI innovators, industry participants and businesses; the Company's active M&A strategy; and how AI is driving revenue growth and cost efficiency at the Company. 'We are excited to have been invited to this unique and interesting event that Maxim Group is putting on. We see a lot of exceptional companies on the roster that are pushing the boundaries and disrupting their industries through the use of technology. We'll be discussing some recent milestones for the Company, giving an overview of our FY2024 financial performance and diving a little deeper into some of the opportunities we are seeing to push our business to the next level using technology' Co-Founder & CEO Joey Chung said. Coming off of TNL Mediagene's recent 2025 Generative AI Conference, Joey highlighted the positive impact AI is having on the Company's business. 'AI touches our business in several key ways. As a media company with 45 million*1 monthly unique users, generative AI is a game-changer for us, especially in terms of content creation and content optimization. We actively use AI as part of our multilingualization strategies, which allows us to expand our existing media properties into new markets in a seamless way. AI-based translation is a key performance driver for us both on the revenue side and on the cost side. Beyond just translation, we have also found that we have been able to take a lot of cost out of our business and enhance profitability through AI, so we are seeing a lot of good opportunities to optimize our business with AI. We welcome investors, professional parties and the public to join us at the Maxim Group's conference.' Ahead of the conference, the Company also provided its updated reference comparables valuation overview that management uses for its valuation benchmarking, included in the Company's investor presentation. Attractive Valuation vs. Reference Comparables: The Company is currently trading at an EV/Revenue discount to reference median multiples of 3.7x in AdTech and 5.6x in Digital & Social Media. The Company's management believes the Company is currently undervalued. 'We have had a lot of interesting investor relations related dialog and events recently and are seeing our story resonate with investors. We are proud of our scale of nearly $50 million in consolidated revenue at near break-even Adjusted EBITDA; our leading positions in the markets in which we are operating in, both in Japan and Taiwan; the quality of our partnerships that we've been able to secure as well as our prestigious client base that includes leading multinational companies and strong regional players.' 'We thank our investors who have supported us over our 26-year history in Japan and 12-year history in Taiwan and we look forward to speaking with new investors at this upcoming event.' Joey concluded. The presentation will begin at 9:30am ET on June 4, 2025. Click here to learn more and reserve your seat *1 Monthly unique users comprised of the average monthly unique users of owned sites and social media platforms (YouTube + TikTok) based on the Company data for the twelve months ended March 31, 2025. About Maxim Group LLC Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and is a member of FINRA SIPC, and NASDAQ. To learn more about Maxim Group, visit Financial Data The condensed financial information presented in this press release should be read in conjunction with the audited consolidated financial statements and related notes for the year ended December 31, 2024 included in TNL Mediagene's annual report on Form 20-F filed with the SEC on April 30, 2025, which provides a more complete discussion of its accounting policies and certain other information. Use and Reconciliation of Non-IFRS Financial Measures In this press release, we have included adjusted EBITDA, a non-IFRS financial measure, and adjusted EPS, a non-IFRS measure, which are key measures used by our management and board of directors in evaluating our operating performance. Adjusted EBITDA and adjusted EPS are our preferred metrics for profitability because we believe they facilitate operating performance and profit performance comparisons on a period-to-period basis and exclude items that we do not consider to be indicative of our core operating performance. Adjusted EBITDA and adjusted EPS have limitations as analytical tools, and you should not consider it in isolation or as a substitute for analysis of our results as reported under IFRS. Some of these limitations are: We define adjusted EBITDA as profit (loss) for the period excluding (i) non-cash items such as depreciation expenses, amortization expenses, stock-based compensation expenses and impairment loss on intangible assets and (ii) extraordinary items associated with one-time events and transactions, such as one-time transaction-related expenses not eligible for capitalization. We define adjusted EPS as profit (loss) for the period excluding (i) non-cash items such as depreciation expenses, amortization expenses, stock-based compensation expenses and impairment loss on intangible assets and (ii) extraordinary items associated with one-time events and transactions, such as one-time transaction-related expenses not eligible for capitalization, extraordinary finance costs and related commitment fees. Our management does not consider adjusted EBITDA or adjusted EPS in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of adjusted EBITDA and adjusted EPS is that they exclude significant expenses that are required by IFRS to be recorded in TNL Mediagene's financial statements. In addition, adjusted EBITDA and adjusted EPS are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining such non-IFRS financial measures. For more details on the definitions of adjusted EBITDA and adjusted EPS and reconciliations of adjusted EBITDA and adjusted EPS to IFRS financial measures, see the press release and the investor presentation TNL Mediagene released on May 13, 2025. About TNL Mediagene Headquartered in Tokyo, TNL Mediagene was formed in May 2023 through the merger of Taiwan's The News Lens Co. and Japan's Mediagene Inc., two of the region's leading independent digital media groups. The company's operations span original and licensed media brands in Japanese, Chinese, and English, covering topics such as news, business, technology, science, food, sports, and lifestyle. It also offers AI-driven advertising services, marketing technology platforms, e-commerce, and innovative solutions tailored to the needs of advertising agencies. Known for its political neutrality, appeal to younger audiences, and high-quality content, TNL Mediagene has approximately 500 employees across Asia, with offices in Japan, Taiwan, and Hong Kong. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: 'may,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'intend,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'project,' 'potential,' 'continue,' 'ongoing,' 'target,' 'seek' or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include statements about TNL Mediagene's future business plan and growth strategies and statements by TNL Mediagene's CEO. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication. View original content to download multimedia: SOURCE TNL Mediagene
Forbes
an hour ago
- Forbes
Heico Earnings: How To Trade It?
CHONGQING, CHINA - MAY 25: In this photo illustration, the logo of HEICO is displayed on a ... More smartphone screen, with the company's stylized branding visible in the background, on May 25, 2025, in Chongqing, China. (Photo illustration by) Heico (NYSE:HEI), an aerospace and electronics firm, is set to announce its earnings on Tuesday, June 3, 2025. For traders focused on events, analyzing historical stock behavior surrounding earnings can be crucial, although the actual results will greatly affect the outcome. There are two primary strategies to think about if you intend to utilize historical patterns: It's important to highlight that over the last five years, Heico has recorded negative one-day returns following earnings releases in 53% of cases. The median drop has been -3.1%, with a maximum one-day decline of -8.7%. Analysts predict that Heico will report earnings of $1.12 per share, accompanied by sales of $1.11 billion. This would reflect an increase compared to the same quarter last year, when the company reported earnings of $0.97 per share on sales of $992 million. Fundamentally, Heico holds a current market capitalization of $42 billion. Over the past twelve months, the company produced $4.0 billion in revenue and was operationally profitable, achieving $871 million in operating profits and a net income of $567 million. However, if you're looking for potential growth with lower volatility compared to individual stocks, the Trefis High Quality portfolio offers an alternative — it has outperformed the S&P 500 and delivered returns exceeding 91% since its inception. Additionally, consider – Buy, Sell, or Hold HIMS Stock? See earnings reaction history of all stocks Here are some insights on one-day (1D) post-earnings returns: Further details regarding observed 5-Day (5D), and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below. HEI 1D, 5D, and 21D Post-Earnings Return A relatively lower-risk strategy (though not valuable if the correlation is weak) is to understand the relationship between short-term and medium-term returns post earnings, identify a pair that exhibits the highest correlation, and execute the relevant trade. For instance, if 1D and 5D demonstrate the strongest correlation, a trader could position themselves 'long' for the following 5 days if the 1D post-earnings return is positive. Below is some correlation data based on 5-year and 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns. HEI Correlation Between 1D, 5D and 21D Historical Returns Occasionally, the performance of peers can affect the stock reaction following earnings. In fact, pricing may begin prior to the earnings being announced. Here is some historical data regarding the previous post-earnings performance of Heico stock compared to the stock performance of peers that released earnings just ahead of Heico. For a fair comparison, peer stock returns also represent post-earnings one-day (1D) returns. HEI Correlation With Peer Earnings Discover more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (a combination of all 3: the S&P 500, S&P mid-cap, and Russell 2000), yielding strong returns for investors. Additionally, if you desire upside with a more stable experience than an individual stock like Heico, consider the High Quality portfolio, which has surpassed the S&P and achieved >91% returns since its inception.
