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March 25, 2025
 

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MITSUBISHI

The ignition button of a Hon Hai Precision Industry Foxtron Model N electric vehicle
BUSINESS / Companies
Mar 21, 2025
Hon Hai gets first major EV-making client in Mitsubishi Motors
It is unclear when production will actually start, but the first cars to roll off the assembly line would target Australia and New Zealand.
An official from the Japan Council of Metalworkers' Unions writes down the results of this year's "shuntō" annual spring labor negotiations on Wednesday.
BUSINESS / Companies
Mar 12, 2025
Major Japanese companies agree to solid pay and bonus hikes
Toyota, Mitsubishi Heavy Industries, Hitachi, Fujitsu and NEC are among companies that say they have agreed to their respective labor unions' demands.
Mitsubishi Heavy Industries' announcement is believed to be part of a push by Japan as it vies with Germany for a lucrative contract to build new Mogami-class frigates for Australia.
JAPAN
Feb 26, 2025
MHI to ramp up Australian business activities with eye on frigate contract
The expansion is seen as a push by Japan to improve its chances of securing a winning bid over Germany to supply the Australian Navy with seven to 11 warships.
Warren Buffett's plans to increase holdings in Japanese trading houses are seen as a stamp of approval for the undervalued sector.
BUSINESS / Markets
Feb 25, 2025
Buffett’s fervor for Japan trading firms sparks share rally
Buffett praised Japan’s trading firms for increasing dividends when appropriate and for being less aggressive in their executive pay than U.S. counterparts.
Warren Buffett, chairman of Berkshire Hathaway Inc., says he is looking to increase ownership in Japan’s five largest trading houses.
BUSINESS
Feb 23, 2025
Berkshire set to gradually raise stakes in Japan trading houses
The shares of the five — Mitsubishi, Mitsui, Itochu, Sumitomo and Marubeni — have benefited over the longer term from Buffett’s interest.
Labor unions at major Japanese automakers submitted their wage hike requests on Wednesday, but it is uncertain whether the strong pay hike momentum seen in last year's labor-management talks can be maintained.
BUSINESS
Feb 12, 2025
Japanese auto unions submit wage hike demands
Negotiations are expected to intensify toward March 12, when many major companies will give their answers to their labor unions.
Mitsubishi Tanabe Pharma will be acquired by U.S. private equity firm Bain Capital for ¥510 billion.
BUSINESS / Companies
Feb 9, 2025
Bain to acquire Mitsubishi Tanabe Pharma in $3.3 billion deal
Tanabe Pharma focuses on therapeutic areas such as immunology and inflammation, vaccines, diabetes, and central nervous system and metabolic disease.
Soaring costs in recent years have upended the investment plans of offshore wind developers globally.
ENVIRONMENT / Energy
Feb 3, 2025
Mitsubishi reviews Japanese offshore wind after economic changes
Soaring costs in recent years have upended the investment plans of offshore wind developers globally.
An H-3 rocket, built by Mitsubishi Heavy Industries for the Japan Aerospace Exploration Agency, is launched from the Tanegashima Space Center in Kagoshima on Feb. 17, 2024.
JAPAN / Science & Health
Feb 2, 2025
Fifth H-3 rocket with Michibiki No. 6 satellite successfully launched
The rocket blasted off at 5:30 p.m. from the Tanegashima Space Center in Kagoshima Prefecture. The satellite was placed into its target orbit.
Nissan President Makoto Uchida (left), Honda President Toshihiro Mibe and Mitsubishi Motors President Takao Kato at a news conference in Tokyo on Dec. 23.
BUSINESS / Companies
Jan 31, 2025
Honda and Nissan to unveil integration outline in mid-February
Mitsubishi Motors will postpone making a final decision on whether to join the integration.
Mitsubishi Motors is unlikely to join Honda and Nissan's deal to create a holding company together, it was reported Friday.
BUSINESS / Companies
Jan 24, 2025
Mitsubishi Motors won’t join Honda and Nissan tie-up, Yomiuri says
Mitsubishi Motors hasn’t made any announcements and is considering all options, a spokesperson for the company said.
Mitsubishi Corp. will stop buying and selling refined metals and mineral resources in the Chinese spot market after a suspected fraud by one of its copper traders caused a huge loss.
BUSINESS
Jan 14, 2025
Mitsubishi Corp. quits China metal trading after copper fraud
Mitsubishi announced a ¥13.8 billion loss "in its Chinese trading business” in its quarterly earnings in November.
An attendee looks at a prototype of a 2-nanometer gate-all-around wafer produced by Rapidus and International Business Machines Corp. at the Semicon Japan exhibition in Tokyo in December.
BUSINESS / Tech
Jan 3, 2025
Japanese chip industry poised for a comeback
Chipmakers will either begin operating a pilot line or start production at new plants this year.
Honda CEO Toshihiro Mibe speaks during a joint news conference with heads of Nissan and Mitsubishi Motors on their merger talks in Tokyo on Monday.
BUSINESS / Companies / ANALYSIS
Dec 24, 2024
Honda crafts Nissan rescue plan that plays out over years
While executives called the transaction a merger, Honda will take the lead in forming the new entity and nominate a majority of its directors.
Nissan President and CEO Makoto Uchida (left) and Honda President and CEO Toshihiro Mibe hold a news conference in Tokyo in March. Both automakers have been working together for months on a deal of some sort.
BUSINESS / Companies
Dec 18, 2024
Honda and Nissan might combine to form world’s No. 3 auto group
Mitsubishi, which has been working closely with Nissan since 2016, also might join the grouping.
A variety of rice cookers at a home appliance store
JAPAN / Regional Voices: Tohoku
Dec 16, 2024
Companies rush to high-end rice cookers as consumer tastes change
Appliance-makers are working with rice growers to boost demand, as well as debuting products that focus on flavor and features.
Mitsubishi Electric CEO Kei Uruma
BUSINESS / Companies
Dec 13, 2024
Mitsubishi Electric explores forming power chip alliances in Japan
A sense of urgency is growing in the power chip industry as Japanese companies fall further behind German market leader Infineon Technologies.
Mitsubishi has dismissed Gong Huayong, a Shanghai-based copper trader at one of its China units, after finding that he had made unauthorized trades with local companies, including some that were related to him.
BUSINESS / Companies
Dec 4, 2024
Mitsubishi loses $90 million in suspected China metal fraud
The company has dismissed a Shanghai-based copper trader after finding that he had made unauthorized trades with local companies.
A Mogami frigate at the Maritime Self-Defense Force's Yokosuka Naval Base in Yokosuka, Kanagawa Prefecture
JAPAN
Nov 8, 2024
Australia’s next frigates to come from Japan or Germany
Should Japan win the contract to replace aging Anzac-class warships, it would mark a major breakthrough for the country’s defense industry.
Seiji Izumisawa, the CEO of Mitsubishi Heavy Industries, said at a briefing that while currency fluctuations and inflation make the future unpredictable, strong order intakes are encouraging.
BUSINESS / Companies
Nov 5, 2024
Mitsubishi Heavy net income falls, but orders still solid
Shares in the company fell 2.5% Tuesday after it reported that net income for the June-September period failed to meet analysts’ average estimate.
OpenAI study finds links between ChatGPT use and loneliness
San Francisco-based OpenAI sees the new studies as a way to get a better sense of how people interact with, and are affected by, its popular chatbot.
Trump plans his tariff ‘Liberation Day’ with more targeted push
U.S. President Donald Trump walks toward Air Force One in Morristown, New Jersey, on Saturday.
Billion-dollar U.S. levies on Chinese ships risk ‘trade apocalypse’
Workers at the Cosco Shipping Holding shipyard in Qidong, Jiangsu province, China, on Oct. 8, 2024
Applications for forgery-proof passports start in Japan
New Japanese passports will be printed using laser technology based on banknote printing techniques, making forgery more difficult.
Japan picks model projects to promote 'dual habitation'
Kochi and Tottori prefectures, in collaboration with major airline ANA Holdings, will begin offering airfare discounts through the introduction of a flat-rate system as early as October for individuals based in multiple locations.
Cherry blossom season kicks off in Tokyo after warm weekend
Blooms are seen on the Meteorological Agency's sample cherry tree at Yasukuni Shrine in Tokyo on Monday.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.
Stay at home if Mount Fuji erupts, government panel says
Mount Fuji in November. For the first time, the government has released specific guidelines on how residents should act in the event that Mount Fuji erupts.
In pictures: Tokyo's weeklong celebration of baseball's best
Shohei Ohtani belts a home run in the fifth inning of the second game of the Tokyo Series between the Dodgers and Cubs.
What's the fuss over Ishiba's gift vouchers?
Prime Minister Shigeru Ishiba waits for a session of the House of Councillors Budget Committee to begin in Tokyo on Friday.

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