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MHPS to Change Company Name to "Mitsubishi Power"

Friday, July 31, 2020 - 8:02am

The date of the company name change, which was not fixed at that time, is on the schedule below.

Key Points: 
  • The date of the company name change, which was not fixed at that time, is on the schedule below.
  • Since its founding, MHPS has steadily improved its strength in three core areas: technology, comprehensive engineering, and after-sales servicing so as to respond to the needs of customers and society.
  • The Company also continues to successfully achieve global business expansion.
  • In this way, the Company is able to provide products of superlative quality and reliability, deliver projects around the world, and consistently meet user needs.

DENSO Announces First Quarter Financial Results

Friday, July 31, 2020 - 6:11am

KARIYA, JAPAN, July 31, 2020 - (JCN Newswire) - DENSO, the world's second-largest mobility supplier, today announced its global financial results for its first quarter, ending June 30, 2020, for its 2021 fiscal year, ending March 31, 2021:

Key Points: 
  • KARIYA, JAPAN, July 31, 2020 - (JCN Newswire) - DENSO, the world's second-largest mobility supplier, today announced its global financial results for its first quarter, ending June 30, 2020, for its 2021 fiscal year, ending March 31, 2021:
    - Consolidated revenue totaled 765.1 billion yen (US$7.1 billion), a 42.2 percent decrease from the previous year.
  • For our 2021 fiscal year, ending March 31, 2021, we forecast sales of 4.54 trillion yen and operating income of 100 billion yen."
  • said Yasushi Matsui, senior executive officer of DENSO Corporation.
  • DENSO is a $47.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today.

BluE Nexus and Toyota to Strengthen Sales Structure of Electrified Systems to Prepare for Accelerated Adoption of Electrified Vehicles

Friday, July 31, 2020 - 4:28am

Meanwhile, Toyota, applying its strengths as a manufacturer of completed vehicles, has been selling entire vehicle powertrain systems, such as the Toyota Hybrid System, to other companies.

Key Points: 
  • Meanwhile, Toyota, applying its strengths as a manufacturer of completed vehicles, has been selling entire vehicle powertrain systems, such as the Toyota Hybrid System, to other companies.
  • Additionally, Toyota will provide a new investment contribution, taking a 10 percent stake of BluE Nexus to achieve this goal.
  • Going forward, BluE Nexus and Toyota will work together to establish a sales structure wherein they will be able to mutually apply their core competencies, with BluE Nexus serving as the primary sales contact for electrification systems* and Toyota providing technological support.
  • BluE Nexus and Toyota intend to strengthen their competitiveness in electrification systems and to contribute to the further adoption of electrified vehicles toward realizing a sustainable society.

Eisai: Application for Additional Indication of Anti Cancer Agent Lenvima for Unresectable Thymic Carcinoma Submitted in Japan

Friday, July 31, 2020 - 1:31am

a subsidiary of Merck & Co., Inc., Kenilworth, N.J., U.S.A., announced today that Eisai has submitted an application in Japan for the additional indication of treatment of unresectable thymic carcinoma for multiple receptor tyrosine kinase inhibitor LENVIMA (generic name: lenvatinib mesylate).

Key Points: 
  • a subsidiary of Merck & Co., Inc., Kenilworth, N.J., U.S.A., announced today that Eisai has submitted an application in Japan for the additional indication of treatment of unresectable thymic carcinoma for multiple receptor tyrosine kinase inhibitor LENVIMA (generic name: lenvatinib mesylate).
  • In June 2020, LENVIMA received orphan drug designation in Japan for unresectable thymic carcinoma.
  • This application is based on the results of an open-label, single-arm, multicenter, investigator-initiated clinical phase II study (NCCH1508) conducted in Japan, evaluating LENVIMA as a single agent in 42 patients with thymic carcinoma previously treated with at least one platinum-based regimen.
  • This study met its endpoint as the lower value of the CI exceeded the pre-specified statistical criteria, a threshold ORR of 10%.

Mitsubishi Heavy Industries and Copenhagen Infrastructure Partners Enter into Joint Venture to Develop Offshore Wind in Hokkaido, Japan

Friday, July 31, 2020 - 1:06am

TOKYO, July 31, 2020 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI) and Copenhagen Infrastructure Partners (CIP) are pleased to announce a joint venture regarding the development of offshore wind projects in Hokkaido, Japan.

Key Points: 
  • TOKYO, July 31, 2020 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI) and Copenhagen Infrastructure Partners (CIP) are pleased to announce a joint venture regarding the development of offshore wind projects in Hokkaido, Japan.
  • The partners have high ambitions to be significant parties in the Japan offshore wind market which is expected to experience significant growth.
  • The partnership will jointly develop projects in Hokkaido, where conditions are attractive for offshore wind.
  • MHI has established a significant presence within offshore wind via the joint venture MHI Vestas Offshore Wind, which has successfully delivered turbines in Europe and expanding its business to emerging markets in the Asia Pacific.

Mazda Production and Sales Results for June 2020 and for January through June 2020

Thursday, July 30, 2020 - 8:34am

Mazda's domestic production volume in June 2020 decreased 59.4% year on year due to decreased production of passenger and commercial vehicles.

Key Points: 
  • Mazda's domestic production volume in June 2020 decreased 59.4% year on year due to decreased production of passenger and commercial vehicles.
  • Mazda's total domestic production volume in the period from January through June 2020 decreased 44.4% year on year due to decreased production of passenger vehicles.
  • Mazda's domestic sales volume in June 2020 decreased 23.8% year on year due to decreased sales of passenger and commercial vehicles.
  • Mazda's global sales volume in June 2020 decreased 11.0% year on year due to decreased sales in Japan, Europe and other regions.

MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020

Thursday, July 30, 2020 - 7:54am

- Second consecutive monthly year-on-year decrease since April 2020; 45.4% year-on-year

Key Points: 
  • - Second consecutive monthly year-on-year decrease since April 2020; 45.4% year-on-year
    - Eighth consecutive monthly year-on-year decrease since October 2019; 45.4% year-on-year
    - Ninth consecutive monthly year-on-year decrease since September 2019; 45.4% year-on-year
    - Eighth consecutive monthly year-on-year decrease since October 2019; 63.2% year-on-year
    - Second consecutive monthly year-on-year decrease since April 2020; 32.9% year-on-year
    - North America (2,475 units; 38.5% year-on-year)
    - First consecutive year-on-year decrease since first half of calendar year 2019; 68.3% year-on-year
    - First consecutive year-on-year decrease since first half of calendar year 2019; 62.3% year-on-year
    - First consecutive year-on-year decrease since first half of calendar year 2019; 65.1% year-on-year
    - Third consecutive year-on-year decrease since first half of calendar year 2016; 64.8% year-on-year
    - First consecutive year-on-year decrease since first half of calendar year 2019; 65.3% year-on-year
    - North America (36,136 units; 72.6% year-on-year)
    - Europe ( 41,910 units; 56.4% year-on-year)
    For the full press release, visit https://www.mitsubishi-motors.com/en/newsrelease/2020/detail1282.html.
  • Mitsubishi Motors Corporation is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid vehicles.
  • Mitsubishi Motors has 30,000 employees and a global footprint with production facilities in Japan, Thailand, China, Indonesia, the Philippines and Russia.
  • The global sales volume in fiscal year 2019 was 1,127,000 units, and the net sales of Mitsubishi Motors for fiscal year 2018 was 2.27 trillion yen.

Honda Sets Monthly Records for Automobile Production in China

Thursday, July 30, 2020 - 7:26am

- Production in Japan experienced a year-on-year decrease for the 10th consecutive month.

Key Points: 
  • - Production in Japan experienced a year-on-year decrease for the 10th consecutive month.
  • - Production in regions outside of Japan experienced a year-on-year decrease for the ninth consecutive month.
  • - Worldwide production experienced a year-on-year decrease for the 11th consecutive month.
  • - Total Japanese sales experienced a year-on-year decrease for the ninth consecutive month.

Showa Aluminum Can Has a Ceremony to Celebrate the Completion of the Third Production Base in Vietnam

Thursday, July 30, 2020 - 7:00am

This new production base (Ba Ria-Vung Tau Factory) is in Ba Ria-Vung Tau Province, which is in the southern part of Vietnam.

Key Points: 
  • This new production base (Ba Ria-Vung Tau Factory) is in Ba Ria-Vung Tau Province, which is in the southern part of Vietnam.
  • Hanacans has been successfully increasing the sales of aluminum cans in northern and central parts of Vietnam.
  • As a result of the completion of Ba Ria-Vung Tau Factory, Hanacans has established an aluminum can production system with three production bases that covers northern, central, and southern parts of Vietnam.
  • *For detail, please refer to our news release announced on April 25, 2019, "Showa Aluminum Can to Establish Third Production Base in Vietnam and Expand Existing Can End Production Line."

Toyota's Global Sales Recover to 84% of Previous Year's Level in June 2020

Thursday, July 30, 2020 - 5:38am

minivehicles): Ninth consecutive month of decrease

Key Points: 
  • minivehicles): Ninth consecutive month of decrease
    - Sales outside of Japan: Sixth consecutive month of decrease
    - Sales inside of Japan (incl.
  • minivehicles): Ninth consecutive month of decrease
    - Sales outside of Japan: Sixth consecutive month of decrease
    - Production inside of Japan: Ninth consecutive month of decrease
    - Production outside of Japan: Sixth consecutive month of decrease
    - Production inside of Japan: Ninth consecutive month of decrease
    - Production outside of Japan: Thirteenth consecutive month of decrease
    - Sales inside of Japan (incl.
  • minivehicles): First decrease in two years
    - Sales outside of Japan: First decrease in four years
    - Sales inside of Japan (incl.
  • minivehicles): First decrease in two years
    - Sales outside of Japan: First decrease in four years
    - Production inside of Japan: First decrease in two years
    - Production outside of Japan: First decrease in two years
    - Production inside of Japan: First decrease in four years
    - Production outside of Japan: First decrease in two years
    For the full press release, visit https://bit.ly/30cW2KA.

Fujitsu: Notice of Changes to Business Segments

Tuesday, July 28, 2020 - 10:51am

As of the announcement of the first quarter results for fiscal 2020 (Scheduled for July 30, 2020), segment information will be disclosed under these new segments, including for prior years.

Key Points: 
  • As of the announcement of the first quarter results for fiscal 2020 (Scheduled for July 30, 2020), segment information will be disclosed under these new segments, including for prior years.
  • For "Others/Eliminations/Corporate," company-wide common expenses were separated into the "Technology Solutions (Common)" subsegment and elimination of inter-segment sales was separated into the new "Inter-segment Elimination" segment.
  • Certain segments were reclassified in accordance with organizational changes and changes in the management structure of subsidiaries.
  • Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.9 trillion yen (US$35 billion) for the fiscal year ended March 31, 2020.

MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars

Tuesday, July 28, 2020 - 8:28am

TOKYO, July 28, 2020 - (JCN Newswire) - MITSUBISHI MOTORS CORPORATION (MMC) today announced that it will invest for production of new electric Kei-cars at Mizushima Plant in Kurashiki city, Okayama Prefecture starting from August 2020.

Key Points: 
  • TOKYO, July 28, 2020 - (JCN Newswire) - MITSUBISHI MOTORS CORPORATION (MMC) today announced that it will invest for production of new electric Kei-cars at Mizushima Plant in Kurashiki city, Okayama Prefecture starting from August 2020.
  • MMC is considering of developing the new electric Kei-car jointly with Nissan Motor Co., Ltd. (Nissan), an Alliance partner, and the vehicle is planned to be manufactured at Mizushima Plant.
  • MITSUBISHI MOTORS CORPORATION is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid vehicles.
  • Mitsubishi Motors has 30,000 employees and a global footprint with production facilities in Japan, Thailand, China, Indonesia, the Philippines and Russia.

Toyota Research Institute - Advanced Development, Inc. Announces Expansion

Tuesday, July 28, 2020 - 5:54am

- Woven Alpha will explore new areas for business expansion and incubate new innovative projects such as Woven City, Arene, and AMP.

Key Points: 
  • - Woven Alpha will explore new areas for business expansion and incubate new innovative projects such as Woven City, Arene, and AMP.
  • We started TRI-AD in March 2018 as a joint venture between Toyota, Denso, and Aisin in order to unify and strengthen Toyota's software capabilities, particularly for automated driving and advanced safety.
  • Toyota's roots extend back to the automatic weaving loom invented by Sakichi Toyoda, the father of Toyota Motor Corporation's founder, Kiichiro Toyoda.
  • Headquartered in Toyota City, Japan, Toyota has been making cars since 1937.

NEC and Realeyes Announce Strategic Alliance in Emotion Analysis Solutions

Tuesday, July 28, 2020 - 4:31am

TOKYO, July 28, 2020 - (JCN Newswire) - NEC Corporation (TSE:6701), a leader in biometric authentication and video analytics technologies, and Realeyes OÜ (Realeyes), a leader in computer vision and emotion Artificial Intelligence (AI) technology, today announced they have signed a Memorandum of Understanding (MOU) for a strategic partnership to jointly develop and distribute emotion analysis solutions globally.

Key Points: 
  • TOKYO, July 28, 2020 - (JCN Newswire) - NEC Corporation (TSE:6701), a leader in biometric authentication and video analytics technologies, and Realeyes OÜ (Realeyes), a leader in computer vision and emotion Artificial Intelligence (AI) technology, today announced they have signed a Memorandum of Understanding (MOU) for a strategic partnership to jointly develop and distribute emotion analysis solutions globally.
  • Realeyes, with its best-in-class emotion detection and analysis capabilities, is continuously expanding its products and services for measuring emotion and attention for global brands.
  • Its innovations include predictive analytics and live measurement of attention and emotion response within streaming and mobile applications.
  • Realeyes is a leader in computer vision and emotion AI that empowers companies to create remarkable customer experiences that drive growth.

MITSUBISHI MOTORS Announces Its Mid-Term Business Plan, Small but Beautiful, to Achieve Cost Rationalization and Profitability Enhancement for Sustainable Growth

Tuesday, July 28, 2020 - 1:04am

This plan focuses on cost rationalization and profitability enhancement to realize solid management foundation aiming at sustainable growth after the plan's three-year period.

Key Points: 
  • This plan focuses on cost rationalization and profitability enhancement to realize solid management foundation aiming at sustainable growth after the plan's three-year period.
  • The Small but Beautiful plan is based on structural reforms to significantly reduce fixed costs by production capacity optimization, the regional strategy as well as the product/technology strategies.
  • Mitsubishi Motors has 30,000 employees and a global footprint with production facilities in Japan, Thailand, China, Indonesia, the Philippines and Russia.
  • Models, such as the PAJERO SPORT/MONTERO SPORT, TRITON/L200, OUTLANDER, ASX/OUTLANDER SPORT/RVR and XPANDER play a major role in achieving its growth.

NEC Announces External Appointment of Executive Personnel

Monday, July 27, 2020 - 4:17am

TOKYO, July 27, 2020 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced that Ikuo Matsuhashi, formerly a managing director with Goldman Sachs Japan, joined NEC as a corporate executive on July 24 this year.

Key Points: 
  • TOKYO, July 27, 2020 - (JCN Newswire) - NEC Corporation (TSE: 6701) today announced that Ikuo Matsuhashi, formerly a managing director with Goldman Sachs Japan, joined NEC as a corporate executive on July 24 this year.
  • As global competition intensifies and the transformation of business models by DX accelerates, the active participation of diverse human resources is required.
  • NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world."
  • For more information, visit NEC at https://www.nec.com.