Mitsubishi companies

New Union Bank Survey Finds U.S. Consumers Willing to Spend More to Support Small Businesses This Holiday Season

Friday, November 20, 2020 - 2:00pm

"Small businesses are the backbone of our local communities and sales during the holiday season are often critical to a business's success.

Key Points: 
  • "Small businesses are the backbone of our local communities and sales during the holiday season are often critical to a business's success.
  • These survey results reinforce that our communities feel a sense of responsibility and are rallying to help businesses continue to recover and thrive through the 2020 holiday season."
  • Additionally, California consumers are also taking seriously their responsibility to local minority-owned small businesses, as 56% say they specifically plan to shop at minority-owned small businesses this holiday season.
  • Union Bank is a registered trademark and brand name of MUFG Union Bank, N.A.

Mitsubishi Heavy Industries Engineering to Establish "Decarbonation Business Department"

Friday, November 20, 2020 - 7:53am

- In energy transition field, chemical reaction technologies are being applied to manufacture of clean fuels (ammonia, hydrogen)

Key Points: 
  • - In energy transition field, chemical reaction technologies are being applied to manufacture of clean fuels (ammonia, hydrogen)
    TOKYO, Nov 20, 2020 - (JCN Newswire) - On December 1, Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, will establish a new "Decarbonation Business Department."
  • Mitsubishi Heavy Industries (MHI) Group (TSE: 7011; US: MHVYF) is one of the world's leading industrial firms.
  • We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space.
  • MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space."

MUFG Union Bank Leads Recapitalization for Carlyle-backed Software Company NetMotion

Wednesday, November 18, 2020 - 4:00pm

LOS ANGELES, Nov. 18, 2020 /PRNewswire/ --MUFG Union Bank today announced that its Commercial Banking group acted as lead arranger for a recapitalization for software company NetMotion , optimizing the company's debt financing.

Key Points: 
  • LOS ANGELES, Nov. 18, 2020 /PRNewswire/ --MUFG Union Bank today announced that its Commercial Banking group acted as lead arranger for a recapitalization for software company NetMotion , optimizing the company's debt financing.
  • "With this transaction, we are pleased to deepen our relationship with NetMotion and help them continue their growth trajectory both in the U.S. and abroad," said Bita Ardalan, Head of Commercial Banking for Union Bank.
  • The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company, and MUFG Union Bank, is in New York City.
  • The main banking office of MUFG Union Bank is in San Francisco, California.

Zosano Pharma Reports Third Quarter 2020 Financial Results

Friday, November 13, 2020 - 9:05pm

FREMONT, Calif., Nov. 13, 2020 (GLOBE NEWSWIRE) -- Zosano Pharma Corporation(NASDAQ:ZSAN), a clinical-stage biopharmaceutical company, today announced financial results for the third quarter endedSeptember 30, 2020, as well as recent business updates.

Key Points: 
  • FREMONT, Calif., Nov. 13, 2020 (GLOBE NEWSWIRE) -- Zosano Pharma Corporation(NASDAQ:ZSAN), a clinical-stage biopharmaceutical company, today announced financial results for the third quarter endedSeptember 30, 2020, as well as recent business updates.
  • Separately during the quarter, we executed a feasibility study agreement with Mitsubishi Tanabe Pharma Corporation that reinforces the potential of our transdermal microneedle system technology.
  • Research and development expenses for the third quarter of 2020 were $5.8 million, compared with $6.5 million for the same quarter in 2019.
  • General and administrative expenses for the third quarter of 2020 were $2.7 million, compared with $3.1 million in 2019.

MUFG Bank, Ltd. Announces Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. [under Japanese GAAP] for the Six Months Ended September 30, 2020

Friday, November 13, 2020 - 12:10pm

Six months ended September 30, 2019

Key Points: 
  • Six months ended September 30, 2019
    *This Consolidated Summary Report (Quarterly Tanshin) is outside the scope of the external auditors interim audit procedure.
  • The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (Japanese GAAP).
  • Above is part of the Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. under Japanese GAAP for the six months ended September 30, 2020.
  • Mitsubishi UFJ Financial Group (MUFG) makes available financial reports and highlights of MUFG group companies including those of MUFG Bank, Ltd.

AeroCentury Corp. Announces Update Regarding Loan Facility

Friday, November 13, 2020 - 1:00am

BURLINGAME, Calif., Nov. 12, 2020 (GLOBE NEWSWIRE) -- AeroCentury Corp. (NYSE American: ACY) (the "Company"), an independent aircraft leasing company, released information relating to its indebtedness under its loan facility with MUFG Union Bank, N.A., as Agent.

Key Points: 
  • BURLINGAME, Calif., Nov. 12, 2020 (GLOBE NEWSWIRE) -- AeroCentury Corp. (NYSE American: ACY) (the "Company"), an independent aircraft leasing company, released information relating to its indebtedness under its loan facility with MUFG Union Bank, N.A., as Agent.
  • The closing of this debt purchase transaction satisfied the requirement under the Loan Agreement for the Company to execute a strategic alternative ("Strategic Alternative") with respect to the MUFG Loan indebtedness satisfactory to the MUFG Lenders.
  • The Company and Drake are currently engaged in discussions regarding the satisfaction and discharge of the Loan Agreement indebtedness.
  • About AeroCentury: AeroCentury is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines.

Union Bank Retains "Outstanding" Community Reinvestment Act Rating

Thursday, November 12, 2020 - 4:00pm

LOS ANGELES, Nov. 12, 2020 /PRNewswire/ -- Union Bank today announced that its operating parent company, MUFG Union Bank, N.A.,has again received a rating of "Outstanding" in its most recent Community Reinvestment Act (CRA) Performance Evaluation, which covers the years 2015 to 2018.

Key Points: 
  • LOS ANGELES, Nov. 12, 2020 /PRNewswire/ -- Union Bank today announced that its operating parent company, MUFG Union Bank, N.A.,has again received a rating of "Outstanding" in its most recent Community Reinvestment Act (CRA) Performance Evaluation, which covers the years 2015 to 2018.
  • The rating reflects MUFG Union Bank's strong performance on the exam components and the company's proven commitment to serving low- to moderate-income communities.
  • MUFG Union Bank will continue to promote economic growth, sustainable home ownership and neighborhood stability in the communities where we do business."
  • The CRA Performance Evaluation notes that MUFG Union Bank provides:
    Excellent volume of loans originated or purchased within the assessment areas.

MUFG Investor Services Launches Proprietary Contingent NAV Solution for Mutual Funds

Thursday, November 12, 2020 - 2:00pm

MUFG Investor Services (MUFG), the global asset servicing arm of Mitsubishi UFJ Financial Group, today announced the creation of cNAV, a proprietary contingent net asset value solution for mutual funds.

Key Points: 
  • MUFG Investor Services (MUFG), the global asset servicing arm of Mitsubishi UFJ Financial Group, today announced the creation of cNAV, a proprietary contingent net asset value solution for mutual funds.
  • To develop the cNAV, MUFG uses the firms Business as Usual data and existing workflows, effectively operating a parallel calculation independent of existing infrastructure.
  • Services include fund administration, fund accounting, global custody, transfer agency, trustee, depositary, middle-office services, securities lending, FX, banking and fund finance.
  • MUFG Investor Services currently provides administration services for over 2,100 funds across all investment strategies, asset types and fund structures with over $635 billion in assets under administration.

Mitsubishi Shipbuilding Participating in "ROBOSHIP Joint Value Creation Project: PoC in Tokyo 2020" Exploring the Future of Marine Vessels

Wednesday, November 11, 2020 - 7:31am

A proof of concept (PoC) test using two actual surface vessels was jointly conducted on November 11, 2020.

Key Points: 
  • A proof of concept (PoC) test using two actual surface vessels was jointly conducted on November 11, 2020.
  • Mitsubishi Shipbuilding, with assistance from related sections within MHI Group, has provided maritime-related engineering services, support for marine vessel remote control/autonomous navigation, and system integration for the vessel propulsion units.
  • While sharing concepts for activities in a full-fledged effort to find solutions to the social challenges facing the marine transport and maritime industry, Mitsubishi Shipbuilding will pursue cooperation through the joint value creation project.
  • In cooperation with e5 Lab, Mitsubishi Shipbuilding aims to be a solution provider working to resolve issues in the maritime industry.

Mitsubishi Chemical Advanced Materials Commercializes the World's Strongest Injection Moldable Polymer Compounds

Tuesday, November 10, 2020 - 6:23pm

MESA, Ariz., Nov. 10, 2020 /PRNewswire/ --As the leading manufacturer of high-performance thermoplastics, Mitsubishi Chemical Advanced Materials, (MCAM) has been perfecting its KyronMAX platform since 2014.

Key Points: 
  • MESA, Ariz., Nov. 10, 2020 /PRNewswire/ --As the leading manufacturer of high-performance thermoplastics, Mitsubishi Chemical Advanced Materials, (MCAM) has been perfecting its KyronMAX platform since 2014.
  • A series of the highest-performance carbon fiber composite materials available today, KyronMAXis the next generation in injection moldable metal replacement technology.
  • Registered trademarks of Mitsubishi Chemical Advanced Materials include: Acetron, CleanStat, Duratron, Ertalyte, Ertalene, Ertalon, Fluorosint, Ketron, Nylatron, Proteus, Sanalite, Semitron, Techtron, KyronMAX and TIVAR.
  • **Mitsubishi Chemical Advanced Materials, formerly Quadrant EPP, was officially named on April 1st, 2019.