Canon closes Tokyo HQ and four other offices due to coronavirus
Canon Inc. said Tuesday is is closing down its Tokyo headquarters and four offices in Kawasaki through April 17 due to the spread of the novel coronavirus in the metropolitan area. The headquarters normally has around 6,000 employees onsite. The Kawasaki offices engage in research ...
Hitachi exec Toyoaki Nakamura nominated for Bank of Japan board
The government on Tuesday nominated Toyoaki Nakamura, an executive at Hitachi Ltd., to join the Bank of Japan's nine-member Policy Board. Nakamura, 67, would replace Yukitoshi Funo, a former executive of Toyota Motor Corp. who has consistently voted with the majority and holds a neutral ...
Japanese firms take Brexit in stride but worry over British prospects for trade talks with EU
Japanese companies in Britain are taking the British exit from the European Union in stride, but some are wary that if Britain-EU trade talks falter, prospects for business in Europe will become uncertain. Many firms had already completed preparations for Britain's exit from the bloc, ...
Hitachi's net profit sinks 33% on weak overseas sales from April to December
Hitachi Ltd. reported Friday its group net profit for the April to December period sank 33.3 percent from a year earlier to ¥55.15 billion ($505 million) because of falling sales in China and elsewhere in Asia. The industrial machinery and electronic device manufacturer also said ...
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 ...
