Japan steel giant warns more hikes coming for cars and appliances
Nippon Steel will need to pass on the sharp cost increases for inputs such as iron ore and coking coal "promptly and fairly,” an executive has said.
Toyota to suspend vehicle production at plant after major water leak
A massive leakage at a reservoir in Aichi Prefecture has caused disruption to about 130 businesses, although many have switched to using stored or well water to continue operations.
Weaker yen and supply chain chaos prompt Japanese manufacturers to head home
Among those moving manufacturing to Japan are makers of everything from auto parts to cosmetics and consumer electronics, a Tokyo Steel Manufacturing Co. executive has said.
Toshiba receives interest from 10 potential investors
It also announced a special dividend of ¥160 per share, worth some ¥70 billion, in an apparent effort to placate activist shareholders it has long been at odds with.
Toyota posts record full-year net profit but issues cautious forecasts
The auto giant, which kept its crown as the world's top-selling carmaker in 2021, reported a net profit of ¥2.85 trillion, up 26.9% from the previous year.
Japanese factories in Shanghai still shut despite city’s assurances
Almost two-thirds of factories haven’t resumed any production yet, while another 28% are running at less than 30% capacity.
The lockdown is forcing Japanese retailers to halt operations in Shanghai, while Japanese manufacturers have also been affected by supply-chain disruptions.
Japanese steel-makers raising prices and warning of more hikes
The prices of the two main inputs for steel production — iron ore and coal — have risen as Russia’s invasion of Ukraine exacerbated supply shortages.
Murata to run more plants entirely on renewable energy by March 2023
A third of Murata’s ¥230 billion capital expenditure budget over the next three years will be dedicated to environment-related projects, Murata President Norio Nakajima said.
Toshiba’s $4 billion elevator unit attracts interest from Midea and Otis
Shareholders are set to vote on Toshiba’s plan to split into two companies and sell noncore assets including the elevator operations.
Major Japanese firms offer higher pay raises, accepting shuntō wage demands
Many big Japanese automakers and electronics firms have fully accepted pay demands by labor unions, while steel-makers and heavy machinery companies have revived pay-scale increases.
Toyota to cut quarterly production to ease strain on beleaguered suppliers
The move by the car giant is the latest to spotlight the supply-chain difficulties hobbling the global auto industry as the COVID-19 pandemic drags on.
