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Major Japan trading houses post record profits as resource prices climb

Business / Corporate May 11, 2022

Major Japan trading houses post record profits as resource prices climb

While all seven major firms have seen a boost, their earnings reports for the year to March have also showed them suffering losses from operations related to Russia.

South Korea court orders sale of seized Mitsubishi Heavy patents for wartime labor

National / Crime & Legal May 3, 2022

South Korea court orders sale of seized Mitsubishi Heavy patents for wartime labor

The incoming South Korean president, Yoon Suk-yeol, has indicated the South Korean side understands Japan's worries and that the two countries should seek a solution together.

Mitsubishi to work with Shell in producing green hydrogen

Business / Corporate Apr 7, 2022

Mitsubishi to work with Shell in producing green hydrogen

The plan is expected to create 400,000 tons of green hydrogen, a type of renewable energy that does not produce carbon dioxide, annually by 2030.

Mitsubishi confident that offshore wind will be profitable

Business / Corporate Mar 18, 2022

Mitsubishi confident that offshore wind will be profitable

The government on Dec. 24 selected three consortiums, all led by Mitsubishi, as the operators of offshore wind farms in Tokyo, Akita and Chiba prefectures,

Trading houses Mitsui and Mitsubishi to study Shell's exit from Sakhalin 2 gas project

Business Mar 2, 2022

Trading houses Mitsui and Mitsubishi to study Shell's exit from Sakhalin 2 gas project

The Japanese firms said Tuesday they will consult with the government to assess the British oil major's planned exit from its flagship oil and natural gas business in eastern Russia.

Domestic output of Japanese automakers hit lowest level in 45 years in 2021

Business / Economy Feb 28, 2022

Domestic output of Japanese automakers hit lowest level in 45 years in 2021

According to the Japan Automobile Manufacturers Association, total output in Japan decreased for the third straight year.

Former Mitsubishi SpaceJet engineer trains next generation after project freeze

Business Feb 27, 2022

Former Mitsubishi SpaceJet engineer trains next generation after project freeze

by Yuki Yamaguchi

Junichi Miyakawa has launched a course designed to share knowledge of airplane manufacturing with future industry professionals and keep ambitions alive.

Mitsubishi and Petronas to sell stakes in Myanmar's Yetagun gas field

Business / Corporate Feb 18, 2022

Mitsubishi and Petronas to sell stakes in Myanmar's Yetagun gas field

The moves represent the latest exits by major energy companies from the country since last year's military coup.

Japanese trading firms encouraging active participation by women

Business / Corporate Oct 6, 2021

Japanese trading firms encouraging active participation by women

Women account for only around 10% of career-track positions at major traders.

Mitsubishi invests in Laos wind farm project, the biggest in Southeast Asia

Business / Corporate Sep 27, 2021

Mitsubishi invests in Laos wind farm project, the biggest in Southeast Asia

The onshore wind farm project, also described as the "first cross-border electricity interchange from wind power generation" in the region, is aimed at fighting climate change.

Japan seafood imports may include fish from Chinese ships flagged for rights abuses

National Aug 19, 2021

Japan seafood imports may include fish from Chinese ships flagged for rights abuses

Several of the Chinese fishing vessels belonged to a company based in Dalian that was embargoed by the U.S. government in May for the use of slave labor.

Mitsubishi Electric products without proper inspection sent to 15 nations

Business Jul 7, 2021

Mitsubishi Electric products without proper inspection sent to 15 nations

The exported air conditioners have been used in subways in New York and London, and in trains in Germany, officials said.

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    A director at Ibaraki Prefecture's tourism division (left) escorts tourists from Hawaii as they tour a shrine in the prefecture Thursday.
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