Business / Corporate Nov 2, 2019
Six major Japanese electronics makers see net profits plummet amid U.S.-China trade war
Six of seven major Japanese electronics makers suffered year-on-year drops in group net profits in April-September, according to earnings reports released Friday. Net profit slid 1.9 percent to ¥189.2 billion at Hitachi Ltd., 14.9 percent to ¥340 billion at Sony Corp., 11.2 percent to ¥100.9 ...
Business / Tech | FOCUS Oct 27, 2019
Japanese electronics firms eye expansion into self-driving and EV technologies
by Takuya Okamoto
Electronics companies are trying to take advantage of their experience and knowledge to manufacture motors, inverters and sensors that will become indispensable to assemble autonomous and electric cars.
Business / Corporate Aug 28, 2019
Tepco, Chubu Electric, Toshiba, and Hitachi to discuss four-way nuclear business alliance
Tepco, Chubu Electric Power, Toshiba Corp. and Hitachi Ltd. said Wednesday they have agreed to discuss potential collaboration on nuclear power, as the industry faces a challenging business environment following the 2011 Fukushima crisis. Amid lingering safety fears over nuclear plants, Tokyo Electric Power Company ...
Business / Corporate Aug 9, 2019
Tepco and three other companies considering joint firm to build nuclear power plant in Aomori
Tokyo Electric Power Company Holdings Inc. and three other companies are considering jointly setting up a new firm to construct and manage a planned nuclear power plant in Aomori Prefecture, informed sources said Thursday. The three partners are Chubu Electric Power Co., Hitachi Ltd. and ...
Business Aug 5, 2019
Four Japan firms fined in South Korea for auto parts bid-rigging
South Korea's fair trade commission has ordered four Japanese companies to pay fines totaling 9.2 billion won (¥803 million) for rigging bids on auto parts supplied to South Korean automakers. According to media reports Sunday, the four are Mitsubishi Electric Corp., Hitachi Automotive Systems Ltd., ...
Business / Corporate Jul 31, 2019
Hitachi to build 165 train cars for British railway operator Abellio U.K.
Hitachi Ltd. said Wednesday it has reached a deal with British railway operator Abellio U.K. to build 165 train cars for £400 million (¥52.8 billion). Abellio U.K. plans to introduce a new fleet of trains made by Hitachi on the Midland Main Line in England, ...
National | Beyond Tokyo Jul 26, 2019
In pursuit of a sustainable society, Nagano turns to AI to help craft policy
by Eric Johnston
When times are good, there is less political pressure at the local level anywhere to be economically efficient or carefully scrutinize predictions that a new public works project or expensive industrial or tourism promotion scheme will lead to prosperity in 20 or 30 years. But ...
Business Jul 26, 2019
Japan Business Federation chief Nakanishi to return to his post in September after illness
The Japan Business Federation said Friday that Hiroaki Nakanishi will return to his post as chief of the country's biggest business lobby in September after he was hospitalized in late May. Nakanishi is expected to be back at work Sept. 9, when a management meeting ...
Business / Corporate Jun 6, 2019
Hitachi said Wednesday that it has signed a contract with Bombardier Transportation to jointly manufacture 14 high-speed trains for an Italian railway operator. Under the €575 million (¥69.9 billion) deal concluded with operator Trenitalia SpA, the major Japanese machinery-maker and Bombardier Transportation, an affiliate of ...
Business / Corporate Jun 4, 2019
Hitachi to spend ¥1.2 trillion on research and development over three years
Major electronics and machinery-maker Hitachi Ltd. said Tuesday it will spend ¥1.2 trillion on research and development activities over the three years to fiscal 2021, up about 20 percent from the level in fiscal 2016-2018. The company plans to use up to ¥2.5 trillion for ...