| Jun 12, 2014

Mitsubishi eyes bid for Alstom turbine unit

by Elaine Kurtenbach

The possible bid by Mitsubishi Heavy Industries for the turbine businesses of French engineering firm Alstom is part of Japanese efforts to carve out a share of the lucrative global energy infrastructure business. Mitsubishi Heavy and German rival Siemens AG said Wednesday they are ...

Apr 28, 2014

Japan Display shares fall

Japan Display Inc. shares plunged to 25 percent below last month’s initial public offering price in Tokyo trading after reporting preliminary earnings that missed its forecasts. Japan Display fell 16 percent to close at ¥672. That compares with the ¥900 IPO price before the ...

Hitachi to stress health care biz

Mar 25, 2014

Hitachi to stress health care biz

Hitachi Ltd. has announced it is aiming for sales in its health care business worth ¥600 billion in fiscal 2018, almost double its estimate for this fiscal year. The company has been focusing on the health care sector as demand has been increasing amid ...

Mar 13, 2014

Thousands sue nuclear companies over Fukushima disaster

A class-action lawsuit against nuclear suppliers General Electric Co., Toshiba Corp. and Hitachi Ltd. has ballooned to more than 4,000 claimants seeking damages over the Fukushima crisis, according to the lead lawyer. The claimants, hailing from Japan and 32 other countries, including the United ...

Feb 4, 2014

Sharp logs April-December profit

Sharp Corp. said Tuesday it swung back to profit for the nine months to December, thanks to stronger sales and cost-cutting. The Osaka-based company booked a ¥17.7 billion net profit in the April-December period, reversing a whopping net loss of ¥424.3 billion a year ...

Jan 31, 2014

Firms that made No. 1 plant sued

by Mari Yamaguchi

Some 1,400 people file a joint lawsuit against three companies that manufactured the Fukushima No. 1 nuclear plant, saying they should be financially liable for damage caused by its 2011 meltdowns.

Jan 31, 2014

Hitachi to top Canon's market value

Hitachi Ltd., which quit making TV sets in 2012 to focus on industrial-power and infrastructure units, is poised to surpass Canon Inc. in market value as camera sales are sapped by smartphones. Bloomberg has tracked the market capitalizations of Hitachi, Canon, Sony Corp. and ...

Dec 17, 2013

Hitachi angling to land deals for shinkansen systems in India

Hitachi Ltd. has set up an in-house company for marketing and procurement in a bid to win supply contracts related to shinkansen systems in India, Hitachi Executive Vice President Junzo Nakajima said in an interview. With a staff of some 10 employees, the in-house ...

Dec 12, 2013

Hitachi to build four reactors at two British sites

Hitachi Ltd. plans to build four new nuclear reactors at two locations in Britain, Masaharu Hanyu, deputy chairman of Hitachi Europe Ltd., said recently. The British subsidiary hopes to start commercial operations at the first of the reactors by 2025, Hanyu said. Last autumn, ...