Latest news with #RakutenSecurities
Japan Times
16-05-2025
- Business
- Japan Times
Hacking of trading accounts in Japan spreads to midsized firms
Criminals have targeted midsized brokerages in Japan after the country's biggest securities firms added additional protection for online trading. Okasan Securities and Iwai Cosmo Securities both said they had been hit by fraudulent trading. Iwai Cosmo said a third party had gained access to client accounts and conducted illicit trades in Japanese equities. Okasan did not give details of what happened. The hacking of online trading accounts has exploded in Japan, surging more than 10-fold in April from March. The Financial Services Agency said Wednesday that from January through April, fraudulent trades stemming from account takeovers totaled ¥304.9 billion ($2.1 billion) across 3,505 transactions, underscoring the growing scale of the threat. Criminals first targeted 10 of the country's largest brokerages, which have responded with new safeguards. Rakuten Securities hasn't suffered any unauthorized logins since May 2 after upgrading its online trading tools and enhancing security features, according to a company spokesperson. The sector is increasingly turning to multi-factor authentication (MFA) as a defense measure. As of May 14, 74 brokerages had adopted mandatory MFA, according to the Japan Securities Dealers Association.
Iraqi News
14-05-2025
- Business
- Iraqi News
Sony logs 18% annual net profit jump, forecast cautious
Tokyo – Japanese entertainment and electronics giant Sony on Wednesday reported an 18 percent jump in annual net profit but issued a cautious forecast for the current financial year. The firm logged a net profit of 1.14 trillion yen ($7.7 billion) for the 2024-25 financial year, but said it expects that to fall 13 percent to 930 billion yen in 2025-26. It comes as US President Donald Trump's sweeping, on-and-off tariffs threaten the bottom line of companies worldwide. 'We are responding quickly to the additional US tariffs that have already been implemented and are considering responses to multiple possible future scenarios,' the company said in a note alongside its profit forecasts. 'We currently expect to be able to manage the impact on the profitability to approximately 100 billion yen, or less than 10 percent of the operating income forecast.' Sony had in February hiked its annual forecasts, following robust sales of games, music and other products in the October-December holiday shopping season. Its 'video game, music and film businesses are showing steady performance', Rakuten Securities chief analyst Yasuo Imanaka said in a note last month. For the key gaming sector, 'the next fiscal year to March 2026 is also expected to see steady growth', he added. 'Regarding the rise in US tariffs, (Sony) will likely be able to deal with it for the time being as it has stockpiled inventory in the United States,' Imanaka said. 'But if high tariffs continue, the longer term impact is unclear,' he warned. Sony in April said it had hiked the price of some PlayStation 5 consoles in select markets, but not the United States, because of 'challenging' global economic conditions. But it has not touched the cost of the higher-priced, higher-spec PS5 Pro console, which hit shelves in November. Masahiro Wakasugi of Bloomberg Intelligence also said ahead of Wednesday's earnings that 'tariffs are likely to be a headwind next year'. But 'the music and picture division's earnings can also expand strongly thanks to the high popularity of its streaming music and movies'. Music streaming is a money-spinner for Sony, which has an impressive back catalogue and a current roster that includes artists such as Beyonce and Lil Nas X.
Free Malaysia Today
14-05-2025
- Business
- Free Malaysia Today
Sony logs 18% annual net profit jump, forecast cautious
Sony has hiked the price of some PlayStation 5 consoles in select markets, but not in the US. (Sony pic) TOKYO : Japanese entertainment and electronics giant Sony reported yesterday an 18% jump in annual net profit but issued a cautious forecast for the current financial year. The firm logged a net profit of ¥1.14 trillion (US$7.7 billion) for the 2024-2025 financial year, but said it expects that to fall 13% to ¥930 billion in 2025-2026. It comes as US President Donald Trump's sweeping, on-and-off tariffs threaten the bottom line of companies worldwide. 'We are responding quickly to the additional US tariffs that have already been implemented and are considering responses to multiple possible future scenarios,' the company said in a note alongside its profit forecasts. 'We currently expect to be able to manage the impact on the profitability to approximately ¥100 billion, or less than 10% of the operating income forecast,' it said. Sony had in February hiked its annual forecasts, following robust sales of games, music and other products in the October-December holiday shopping season. Its 'video game, music and film businesses are showing steady performance', Rakuten Securities chief analyst Yasuo Imanaka said in a note last month. For the key gaming sector, 'the next fiscal year to March 2026 is also expected to see steady growth', he added. 'Regarding the rise in US tariffs, (Sony) will likely be able to deal with it for the time being as it has stockpiled inventory in the US,' Imanaka said. 'But if high tariffs continue, the longer term impact is unclear,' he warned. Sony in April said it had hiked the price of some PlayStation 5 consoles in select markets, but not the US, because of 'challenging' global economic conditions. However, it has not touched the cost of the higher-priced, higher-spec PS5 Pro console, which hit shelves in November. Masahiro Wakasugi of Bloomberg Intelligence also said ahead of today's earnings that 'tariffs are likely to be a headwind next year'. However, 'the music and picture division's earnings can also expand strongly thanks to the high popularity of its streaming music and movies'. Music streaming is a money-spinner for Sony, which has an impressive back catalogue and a current roster that includes artists such as Beyonce and Lil Nas X.
Int'l Business Times
14-05-2025
- Business
- Int'l Business Times
Sony Logs 18% Annual Net Profit Jump, Forecast Cautious
Japanese entertainment and electronics giant Sony on Wednesday reported an 18 percent jump in annual net profit but issued a cautious forecast for the current financial year. The firm logged a net profit of 1.14 trillion yen ($7.7 billion) for the 2024-25 financial year, but said it expects that to fall 13 percent to 930 billion yen in 2025-26. It comes as US President Donald Trump's sweeping, on-and-off tariffs threaten the bottom line of companies worldwide. "We are responding quickly to the additional US tariffs that have already been implemented and are considering responses to multiple possible future scenarios," the company said in a note alongside its profit forecasts. "We currently expect to be able to manage the impact on the profitability to approximately 100 billion yen, or less than 10 percent of the operating income forecast." Sony had in February hiked its annual forecasts, following robust sales of games, music and other products in the October-December holiday shopping season. Its "video game, music and film businesses are showing steady performance", Rakuten Securities chief analyst Yasuo Imanaka said in a note last month. For the key gaming sector, "the next fiscal year to March 2026 is also expected to see steady growth", he added. "Regarding the rise in US tariffs, (Sony) will likely be able to deal with it for the time being as it has stockpiled inventory in the United States," Imanaka said. "But if high tariffs continue, the longer term impact is unclear," he warned. Sony in April said it had hiked the price of some PlayStation 5 consoles in select markets, but not the United States, because of "challenging" global economic conditions. But it has not touched the cost of the higher-priced, higher-spec PS5 Pro console, which hit shelves in November. Masahiro Wakasugi of Bloomberg Intelligence also said ahead of Wednesday's earnings that "tariffs are likely to be a headwind next year". But "the music and picture division's earnings can also expand strongly thanks to the high popularity of its streaming music and movies". Music streaming is a money-spinner for Sony, which has an impressive back catalogue and a current roster that includes artists such as Beyonce and Lil Nas X.
France 24
14-05-2025
- Business
- France 24
Sony logs 18% annual net profit jump, forecast cautious
The firm logged a net profit of 1.14 trillion yen ($7.7 billion) for the 2024-25 financial year, but said it expects that to fall 13 percent to 930 billion yen in 2025-26. It comes as US President Donald Trump's sweeping, on-and-off tariffs threaten the bottom line of companies worldwide. "We are responding quickly to the additional US tariffs that have already been implemented and are considering responses to multiple possible future scenarios," the company said in a note alongside its profit forecasts. "We currently expect to be able to manage the impact on the profitability to approximately 100 billion yen, or less than 10 percent of the operating income forecast." Sony had in February hiked its annual forecasts, following robust sales of games, music and other products in the October-December holiday shopping season. Its "video game, music and film businesses are showing steady performance", Rakuten Securities chief analyst Yasuo Imanaka said in a note last month. For the key gaming sector, "the next fiscal year to March 2026 is also expected to see steady growth", he added. "Regarding the rise in US tariffs, (Sony) will likely be able to deal with it for the time being as it has stockpiled inventory in the United States," Imanaka said. "But if high tariffs continue, the longer term impact is unclear," he warned. Sony in April said it had hiked the price of some PlayStation 5 consoles in select markets, but not the United States, because of "challenging" global economic conditions. But it has not touched the cost of the higher-priced, higher-spec PS5 Pro console, which hit shelves in November. Masahiro Wakasugi of Bloomberg Intelligence also said ahead of Wednesday's earnings that "tariffs are likely to be a headwind next year". But "the music and picture division's earnings can also expand strongly thanks to the high popularity of its streaming music and movies". Music streaming is a money-spinner for Sony, which has an impressive back catalogue and a current roster that includes artists such as Beyonce and Lil Nas X.
