Hitachi to sell chemical unit and diagnosis imaging equipment business
Machinery giant Hitachi Ltd. said Wednesday that it will sell its subsidiary Hitachi Chemical Co. to Showa Denko K.K. and its diagnosis imaging equipment business to Fujifilm Holdings Corp. for a total of about ¥700 billion. Hitachi aims to speed up the reorganization of its ...
Fujifilm to acquire Hitachi's diagnostic imaging equipment business
Fujifilm Holdings Corp. announced Wednesday it will acquire Hitachi Ltd.'s diagnostic imaging equipment business for about ¥170 billion. The move comes as Fujifilm is strengthening its medical-related businesses, while Hitachi has been seeking to sell the imaging equipment business as part of its group restructuring. Fujifilm ...
Mitsubishi Heavy and Hitachi to settle dispute over South Africa project
Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. are expected to settle their dispute over losses related to a thermal power generation project in South Africa, sources have said. Mitsubishi Heavy initially demanded some ¥770 billion in payments from Hitachi, but the two sides are now ...
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 ...
Japanese electronics firms eye expansion into self-driving and EV technologies
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.
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 ...
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 ...
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., ...
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, ...
In pursuit of a sustainable society, Nagano turns to AI to help craft policy
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 ...
