Tag - mitsubishi

 
 

MITSUBISHI

Lithium powder from recycled batteries in Nevada in March
BUSINESS / Companies
Apr 21, 2024
Japanese trading firms look abroad to diversify lithium supply
The resource-limited country is aiming to create a stable supply of the mineral, which is critical for producing batteries for electric vehicles.
Mitsubishi Heavy Industries scrapped the development of its regional jet last year, after 15 years of effort.
BUSINESS / Economy
Mar 28, 2024
Japan really wants to build airplanes, $33 billion project shows
The Ministry of Economy, Trade and Industry is aiming to introduce a new aircraft by 2035.
Warren Buffett
BUSINESS
Feb 25, 2024
Buffett ups his holdings of Japanese trading houses to about 9%
Berkshire first announced its stakes in the trading houses in 2020 with the intention of holding them long-term and increasing them to as much as 9.9%.
Telecoms giant KDDI plans with Mitsubishi to take convenience store operator Lawson private could help it as it currently stands behind FamilyMart and Seven & I Holdings in a three-horse race.
COMMENTARY / Japan
Feb 14, 2024
There are clouds on the horizon in Japan’s 'conbini-land'
Industry consolidation has pushed minor players out of the conbini game.
The first unit of H3 rocket carrying the Earth observation satellite Daichi-3 is launched from the Tanegashima Space Center in Kagoshima Prefecture in March last year.
JAPAN / Science & Health
Feb 12, 2024
JAXA to give second shot at H3 rocket launch Thursday
During last year's launch, the second-stage engine of the first unit failed to ignite due to an electrical problem.
Mitsubishi President Katsuya Nakanishi (left), Lawson President Sadanobu Takemasu (center) and KDDI President Makoto Takahashi wear Lawson uniforms during a news conference in Tokyo on Tuesday to announce the carrier's plan to raise its stake in the convenience chain.
BUSINESS / Companies
Feb 7, 2024
KDDI to raise stake in Lawson to jointly run convenience chain
Japan's second-largest mobile carrier currently holds 2.1% of shares but will invest about ¥500 billion to increase its stake through a tender offer.
Warren Buffett's Berkshire Hathaway is one of the largest shareholders in all five of Japan's biggest trading companies.
BUSINESS / Companies
Jan 30, 2024
Buffett reversal risk pushes Japan firms to diversify investors
Berkshire is one of the largest shareholders in all five of Japan’s biggest trading companies.
Mitsubishi Motors will sell the newest iteration of the Triton pickup truck in Japan starting Feb. 15.
BUSINESS / Companies
Jan 21, 2024
Japan automakers tap foreign models to drive sales of outdoorsy cars
The popularity of SUVs and pickup trucks has been on the rise in Japan since even before the pandemic on the back of the increasing popularity of outdoor activities.
Plaintiffs and lawyers in wartime labor lawsuits attend a news conference in Seoul last week.
JAPAN / Crime & Legal
Dec 28, 2023
Top South Korea court upholds wartime labor rulings against Japan firms
The Supreme Court in Seoul upheld decisions by lower courts ordering Hitachi Zosen and Mitsubishi Heavy Industries to pay damages.
Mitsubishi UFJ Morgan Stanley Securities sold Additional Tier 1 notes from Credit Suisse more aggressively than any other firm in Japan, with its sales making up about two-thirds of the notes taken up, which totaled ¥140 billion in value.
BUSINESS / Companies
Dec 26, 2023
MUFJ securities unit sued again over Credit Suisse AT1 bond losses
Mitsubishi UFJ Morgan Stanley Securities sold more than two-thirds of the Additional Tier 1 notes taken up in Japan.
Toyota dealer Hiroshima Toyopet has installed air conditioners at all 30 of its maintenance facilities in Hiroshima Prefecture to ensure mechanics can work comfortably during the summer.
BUSINESS / Companies / Regional Voices: Hiroshima
Dec 25, 2023
Hiroshima car dealers seek ways to attract mechanics
Since many people use their cars as a daily means of transportation, it is essential to secure a stable pool of mechanics.
Families of deceased plaintiffs in lawsuits over wartime labor during Japan's colonial rule outside South Korea's Supreme Court in Seoul on Thursday
JAPAN / Crime & Legal
Dec 21, 2023
South Korean court upholds wartime labor damages order for Japan firms
The rulings came as South Korea-Japan relations have been improving since Seoul announced in March its plan for solving the wartime labor issue.
Mitsubishi UFJ Trust and Banking is set to buy Australian data manager Link Administration Holdings for 1.11 billion Australian dollars.
BUSINESS / Companies
Dec 18, 2023
MUFG to buy Australia’s Link in ¥106 billion deal
The unit of Japan’s largest bank, Mitsubishi UFJ Financial Group, will pay AU$2.10 per share, a 23.5% premium to Friday’s closing stock price.
A Mitsubishi Motors e-Evolution concept SUV on display at the Beijing International Automotive Exhibition in April 2018
BUSINESS / Companies
Oct 25, 2023
Mitsubishi Motors to exit China and invest in Renault's EV venture
The Japanese automaker halted production in China in March amid stiff competition with local brands.
Nissan Motor Sakura electric vehicles (left and center), and a Mitsubishi Motors eK X electric vehicle on display during their release ceremony at the Mitsubishi Motors Mizushima plant in Kurashiki, Okayama Prefecture, in May 2022.
BUSINESS / Companies
Oct 24, 2023
Japan's bestselling EV isn’t a Tesla but a $13,000 minicar
A jointly developed minicar sold as the Nissan Motors Sakura and Mitsubishi Motors eK X accounts for roughly half of all EV sales in Japan.
A deal between Mitsubishi Electric and Australia’s Department of Defence taps the company’s know-how in electronic and optical systems.
JAPAN / Politics
Oct 20, 2023
In industry first, Mitsubishi Electric secures defense deal with Australia
The deal taps the company’s know-how in electronic and optical systems.
Honda Motor CEO Toshihiro Mibe
BUSINESS / Companies
Oct 12, 2023
Honda and Mitsubishi Corp. sign pact to optimize EV battery use
The deal will eventually pay off in lower electricity bills for customers and better use of battery material, the companies said.
Mitsubishi Estate President Atsushi Nakajima speaks at a groundbreaking ceremony for Torch Tower in Tokyo on Wednesday.
JAPAN
Sep 30, 2023
Construction of Japan's tallest skyscraper begins near Tokyo Station
The Torch Tower, expected to be completed in March 2028, will surpass the 330-meter Azabudai Hills Mori JP Tower in the capital's Minato Ward.
Mitsubishi's e-Yi concept SUV is displayed during the media day for the Shanghai auto show in 2019.
BUSINESS / Companies
Sep 28, 2023
Mitsubishi Motors planning to end production in China
Mitsubishi Motors, which halted output in China in March, plans to focus its resources on the Southeast Asian market, sources said.
Mitsubishi Chemical’s plan for a new semiconductor materials plant comes as the government makes investments in the domestic sector.
BUSINESS
Sep 25, 2023
Mitsubishi Chemical to open new semiconductor materials plant
Details on when or where it will be built or how much it will cost have not been decided, but Fukuoka Prefecture is reportedly a candidate location.

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