Latest news with #MorganStanleyMUFGSecuritiesCo.
Malaysian Reserve
14-05-2025
- Automotive
- Malaysian Reserve
Nissan shares fall after annual loss, withholding profit outlook
NISSAN Motor Co. shares fell after the Japanese automaker posted an annual net loss of ¥670.9 billion ($4.5 billion) and decided against issuing an operating profit forecast for the current fiscal year. The stock dropped as much as 3.2% in Tokyo on Wednesday, underperforming the broader Topix index. Its pledge to close seven factories and slash 20,000 jobs to cut costs by ¥500 billion failed to allay concerns about the uncertainties over tariff impact. 'We give Nissan high marks for releasing additional restructuring measures early,' Morgan Stanley MUFG Securities Co. analysts including Hiroto Segawa wrote in a note. 'However, the business environment remains highly opaque.' The ailing Japanese automaker has struggled to turn around its business as its aging lineup failed to win over consumers in the US and China. US tariffs also threaten to derail its restructuring efforts, with Nissan expecting to see a ¥450 billion impact from policies. Its shares have tumbled more than 25% this year, compared with a 7% decline in the Topix index's subgauge of auto companies. –BLOOMBERG
Bloomberg
05-02-2025
- Business
- Bloomberg
Citadel Is Hiring Ex-Morgan Stanley Japan Commodities Chief
Citadel is hiring the former head of Japan commodities sales at Morgan Stanley MUFG Securities Co. as part of its latest expansion in the country's power market. Hironao Sakata will join Energy Grid Corp. as head of strategic business solution in April to strengthen the firm's client base, according to Citadel. The hedge fund acquired Energy Grid last June to expand its business in the Japanese energy market.
