Economy of Japan

NTT DATA UK Becomes Gold Sponsor of Women in Cable Telecommunications (WICT) UK Association

Retrieved on: 
Tuesday, August 3, 2021
Professional services, Data management, Technology, Telecommunications, Human resources, Mobile, Wireless, Networks, Nippon Telegraph and Telephone, NTT Data, Wisconsin and Calumet Railroad, NTT, Companies, Economy of Japan, Professional services, Data management, Technology, Telecommunications, Human resources, Mobile, Wireless, Networks, Nippon Telegraph and Telephone, NTT Data, Wisconsin and Calumet Railroad, NTT, Companies, Economy of Japan

NTT DATA UK has announced it has become a gold sponsor of professional association Women in Cable Telecommunications (WICT) UK as part of its ongoing Do Diversity initiative and existing Womens Business Network.

Key Points: 
  • NTT DATA UK has announced it has become a gold sponsor of professional association Women in Cable Telecommunications (WICT) UK as part of its ongoing Do Diversity initiative and existing Womens Business Network.
  • For the past two years, NTT DATA has been involved with the UK chapter of WICT following its work with Virgin Media, who introduced NTT DATA to the group.
  • Since then, NTT DATA UK has been involved in various WICT UK events with its own Womens Business Network whose values align closely with the WICT UKs own.
  • Lauren Dolan, President at WICT UK, commented: Its fantastic to be extending our partnership with NTT DATA UK.

Showa Denko Revises Forecast of Consolidated Performance and Records Extraordinary Loss

Retrieved on: 
Tuesday, August 3, 2021
Fuyo Group, Showa Denko, SDK, Economy of Japan, Companies

SDK also announces that it will record extraordinary loss.

Key Points: 
  • SDK also announces that it will record extraordinary loss.
  • Revision of forecast of consolidated business results for January 1 - June 30, 2021
    (1) Revised forecast of consolidated business results for January 1 - June 30, 2021
    Net sales hovers around the level of the previous forecast.
  • Especially in the Showa Denko Materials segment, operating income is expected to increase due to a continuously tight supply-demand situation regarding its semiconductor related business.
  • However, net income attributable to owners of the parent is expected to decrease due to recording of extraordinary loss.

SPARX Group to Establish "Mirai Creation Fund III"

Retrieved on: 
Monday, August 2, 2021
Companies, Economy of Japan, Economic history of Japan, Sumitomo Group, Mitsui, Keiretsu, Zaibatsu, SPARX Group, Sumitomo Mitsui Financial Group, Sumitomo Mitsui Banking Corporation, Mirai, Toyota

Toyota City, Japan, Aug 2, 2021 - (JCN Newswire) - SPARX Group Co., Ltd. ("SPARX") has established the Mirai Creation Fund III ("Fund III").

Key Points: 
  • Toyota City, Japan, Aug 2, 2021 - (JCN Newswire) - SPARX Group Co., Ltd. ("SPARX") has established the Mirai Creation Fund III ("Fund III").
  • The two seed LPs for the Mirai Creation Fund II ("Fund II"), Toyota Motor Corporation ("Toyota") and Sumitomo Mitsui Banking Corporation ("SMBC"), are to participate again as initial investors in Fund III.
  • artificial intelligence), Robotics, Technologies for a Hydrogen-Powered Society, Electrification, and New Materials that Fund II (formed in October 2018) focused on, the Mirai Creation Fund III mandate also will include global companies that provide solutions that promote carbon neutrality.
  • - With SPARX Asset Management Co., Ltd., a subsidiary of SPARX, acting as Fund III's fund manager and with an initial commitment from Toyota, SMBC, and SPARX totaling approximately YEN15.0 billion, Mirai Creation Fund III investment activities are scheduled to begin from October 2021.

Nidec Announces the Status of Own Share Repurchase

Retrieved on: 
Monday, August 2, 2021
Share repurchase, Stock market, Nidec, Financial markets, Companies, Economy of Japan

KYOTO, Japan, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the Company) today announced the status of the Companys own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 25, 2021, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

Key Points: 
  • KYOTO, Japan, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the Company) today announced the status of the Companys own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 25, 2021, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
  • Period of own share repurchase: From July 1, 2021 through July 31, 2021
    3.
  • Number of own shares repurchased: 0
    Note: The above repurchase information has been prepared on the basis of trade date.
  • A)The following details were resolved by the Companys Board of Directors on January 25, 2021:
    2.

MUFG Bank, Ltd. Announces Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. Under Japanese GAAP for the Three Months Ended June 30, 2021

Retrieved on: 
Monday, August 2, 2021
Banking, Professional services, Finance, Mitsubishi companies, Companies, Mitsubishi UFJ Financial Group, Economy of Japan, MUFG Bank, UFJ, GAAP, Financial statement, Generally Accepted Accounting Principles, Accounting, Mitsubishi, Mitsubishi UFJ Securities International

The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (Japanese GAAP).

Key Points: 
  • The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (Japanese GAAP).
  • To date, we have published U.S. GAAP financial results only on a semiannual and annual basis, and currently do not expect to publish U.S. GAAP financial results for the period reported in this financial summary report.
  • Above is part of the Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. under Japanese GAAP for the three months ended June 30, 2021.
  • Mitsubishi UFJ Financial Group (MUFG) makes available financial reports and highlights of MUFG group companies including those of MUFG Bank, Ltd.

Transphorm Announces the Close of JV Transaction for Acquisition of AFSW Wafer-Fab

Retrieved on: 
Monday, August 2, 2021
Electronic design automation, Semiconductor, Technology, Manufacturing, Networks, Other Manufacturing, Hardware, Industry economics), Companies, Fujitsu, Furukawa Group, Economy of Japan

The transaction completes the planned and previously announced exit of Fujitsu Semiconductor from the AFSW fab.

Key Points: 
  • The transaction completes the planned and previously announced exit of Fujitsu Semiconductor from the AFSW fab.
  • Transphorms effective stake in AFSW will be 25% (via its 25% ownership of GaNovation), down from its previous 49% stake.
  • With the close of this transaction, FSLs previously announced exercise of the put option has also been satisfied.
  • We are delighted to partner with Transphorm in AFSW, and its new parent entity GaNovation, a joint venture with Transphorm, remarked David Cong, Founder and Managing Partner, JCP Capital.

Bridgestone Americas to Acquire Fleet Management Software Provider Azuga to Accelerate Mobility Solutions Business

Retrieved on: 
Monday, August 2, 2021
Bridgestone, Automotive industry, Economy of Japan, Motor vehicles

The acquisition will accelerate Bridgestone's efforts to develop and deploy sustainable mobility solutions as a central pillar of the company's advanced mobility strategy.

Key Points: 
  • The acquisition will accelerate Bridgestone's efforts to develop and deploy sustainable mobility solutions as a central pillar of the company's advanced mobility strategy.
  • The Azuga fleet management platform, which includes advanced safety and fleet management tools, will complement the existing Bridgestone portfolio of cloud-based fleet mobility solutions.
  • Bridgestone will leverage Azuga's robust fleet data capture platform to advance the development of Bridgestone core tire products and AI solutions.
  • Nashville, Tennessee-based Bridgestone Americas, Inc. is a subsidiary of Bridgestone Corporation, a global leader providing sustainable mobility and advanced solutions.

DENSO Announces First Quarter Financial Results

Retrieved on: 
Friday, July 30, 2021
Economy of Japan, Toyota, Denso, Japanese yen

KARIYA, Japan, July 30, 2021 (GLOBE NEWSWIRE) -- DENSO, a leading mobility supplier, today announced its global financial results for its first quarter, ending June 30, 2021, for its 2022 fiscal year, ending March 31, 2022:

Key Points: 
  • KARIYA, Japan, July 30, 2021 (GLOBE NEWSWIRE) -- DENSO, a leading mobility supplier, today announced its global financial results for its first quarter, ending June 30, 2021, for its 2022 fiscal year, ending March 31, 2022:
    Consolidated revenue totaled 1,356.9 billion yen (US$12.3 billion), a 77.3 percent increase from the previous year.
  • said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation.
  • Operating income was 7.3 billion yen (US$66.4 million) (Operating loss of 26.3 billion yen in the same quarter of the previous year).
  • Operating income was 3.3 billion yen (US$29.7 million) (Operating loss of 8.2 billion yen in the same quarter of the previous year).

DENSO Announces First Quarter Financial Results

Retrieved on: 
Friday, July 30, 2021
Economy of Japan, Toyota, Denso, Japanese yen

KARIYA, JAPAN, July 30, 2021 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced its global financial results for its first quarter, ending June 30, 2021, for its 2022 fiscal year, ending March 31, 2022:

Key Points: 
  • KARIYA, JAPAN, July 30, 2021 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced its global financial results for its first quarter, ending June 30, 2021, for its 2022 fiscal year, ending March 31, 2022:
    - Consolidated revenue totaled 1,356.9 billion yen (US$12.3 billion), a 77.3 percent increase from the previous year.
  • Operating income increased due to higher production volume and profit improvements created by corporate reform from the previous year," said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation.
  • Operating income was 7.3 billion yen (US$66.4 million) (Operating loss of 26.3 billion yen in the same quarter of the previous year).
  • Operating income was 3.3 billion yen (US$29.7 million) (Operating loss of 8.2 billion yen in the same quarter of the previous year).

Mitsubishi Electric Corporation Investors: Company Investigated by the Portnoy Law Firm

Retrieved on: 
Thursday, July 29, 2021
Economy of Japan, Companies, Mitsubishi companies, Anti-Japanese sentiment in Korea, Keiretsu, Mitsubishi, Zaibatsu, Economic history of Japan

LOS ANGELES, July 29, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Mitsubishi Electric Corporation ("Mitsubishi" or the "Company") (OTCMKTS: MIELY) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Key Points: 
  • LOS ANGELES, July 29, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Mitsubishi Electric Corporation ("Mitsubishi" or the "Company") (OTCMKTS: MIELY) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
  • The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors options for pursuing claims to recover their losses.
  • Nikkei Asia published an article on July 2, 2021 entitled "Mitsubishi Electric CEO Sugiyama quits over fake inspections: Outgoing chief admits 'systemic wrongdoing' going back decades at industrial group[.]"
  • The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing.