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☆ The sectors — and stocks — to buy in Asia after Trump's win, according to analysts
▼ + stars: | 2024-11-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "When passed, the [tariffs] will sweep across Asia, particularly China [and] should spike volatility and compress multiples as uncertainty prevails." Even so, the analysts say the region is "more prepared than in 2016" and investment opportunities remain, especially given the weaker yen and stimulus in China. This will bring about "structural shifts in global supply chain ... [and] could boost infrastructure spending in ASEAN and South Asia," he added. The currency has fallen versus the dollar following Trump's win, hitting 154.7 per dollar on Wednesday — its weakest level since July 30.

Persons: Donald Trump's, Kamala Harris, India's, Hong, Tai Hui, Hui, Stocks, — CNBC's Lim Hui Jie Organizations: U.S, Trump, Macquarie Research, Nikkei, Dow Jones, Nasdaq, Morgan Asset Management, Congress, Mitsubishi Electric, Mitsubishi, Japanese pharma, Chugai Pharmaceutical, SK Hynix Locations: Asia, China, ASEAN, South Asia, U.S, Macquarie, Japan

☆ Mitsubishi Heavy Industries discusses its role in Indonesia's energy transition
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMitsubishi Heavy Industries discusses its role in Indonesia's energy transitionToru Yoshioka, president of Mitsubishi Heavy Industries in Indonesia, says the Southeast Asian country requires a range of technical solutions, especially since coal dominates in the country.

Persons: Yoshioka Organizations: Mitsubishi, Industries, Mitsubishi Heavy Industries Locations: Indonesia

☆ The Navy's top ballistic missile interceptor comes with a heavy price tag, but the US can't afford to go to war without it
▼ + stars: | 2024-11-02 | by ( Chris Panella | Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementOne of the US Navy's best ballistic missile interceptors, the Standard Missile-3, got a workout in the Middle East this year, eliminating Iranian missiles headed for Israel. That's a high cost per intercept, especially if more than one interceptor is fired for each target. An SM-3 Block 1B interceptor missile is launched from the guided-missile cruiser USS Lake Erie during a test in the Pacific. It was then fired a second time during Iran's massive early October barrage, during which Tehran launched more than 180 ballistic missiles at Israel. The industry process, coupled with the exquisite capability of the missile to intercept ballistic missiles, raises the cost of the interceptor.

Persons: —, Archer Macy, you've, Tom Karako, Navy Carlos Del Toro, Del Toro, RTX, Cmdr, Jason Tross, Bryan Clark, Karako, Macy Organizations: US, Service, Iranian, Congress, Navy, Pacific . US Navy, Missile Defense, Center for Strategic, International Studies, Mitsubishi Heavy Industries, Combat, US Naval Forces Europe, Hudson Institute, Getty, Business, Analysts, China's Rocket Force, SM, US Navy, Studies ' Missile Defense Locations: China, Israel, Lake Erie, Pacific, Tehran, Iranian, Iran

☆ The US Navy is burning through missiles in the Middle East that it would need in a war with China
▼ + stars: | 2024-10-11 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +9 min

The US Navy has been burning through interceptors fighting in Middle East conflicts, including the valuable SM-3. AdvertisementUS Navy warships have twice been called upon to defend Israel from massive Iranian ballistic missile attacks and have used SM-3 interceptors to defeat the incoming threats. But it's not just the SM-3 that the Navy is using up battling foes in the Middle East. In a short-range engagement, China's missiles wouldn't need to travel as high, and they would likely have shorter flight times and travel at slower speeds. And the number of Tomahawk Land Attack Missiles, long-range cruise missiles designed by RTX, being produced has decreased annually as well.

Persons: —, RTX, Archer Macy, Fitzgerald, Bryan McGrath, it's, Yemen that's, Macy, Navy Carlos Del Toro, Del Toro, Jim Fein, Fein, Sen, Roger Wicker, Wicker, Bryan Clark, Burke, Laura Radspinner, Clark Organizations: US Navy, Service, Navy, Mitsubishi Heavy Industries, Combat, US, Iranian, Getty, Center for Strategic, Studies ' Missile Defense, Pentagon, The Heritage Foundation, Republican, Senate Armed Services Committee, Biden, Hudson Institute, Stout Locations: Middle East, China, Israel, Iran, Iranian, USS, Erie, Yemen, Gulf of Aden, Lake Erie

☆ Gridcog wants to make planning commercial renewable projects easier. Check out the 13-slide pitch deck it used to raise $4.2 million.
▼ + stars: | 2024-03-04 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Read previewA startup helping Shell, Origin Energy, and Mitie spin up renewable energy projects has just raised £3.3 million, around $4.2 million, in funding from London-based AlbionVC. Gridcog, founded in 2020 in Australia but now headquartered in London, has built a software platform for modeling and simulating renewable energy projects. It helps customers figure out where best to put solar, energy storage, and EVs, and optimize those plans for commercial and climate goals. "With energy projects, there can be hundreds or even thousands of ways of building them," said Gridcog's UK and European head Genna Boyle. Renewable energy capacity needs to double to reach net zero in the energy sector by 2050, per the International Energy Agency.

Persons: —, Genna Boyle, you've, Boyle, Gridcog, Pete Tickler, Fabian Le Gay Brereton, Tickler Organizations: Service, Shell, Origin Energy, Business, International Energy Agency, Power, Energy, Mitsubishi Heavy Industries Locations: London, Australia, New Zealand

TOKYO (AP) — A new Japanese flagship H3 rocket lifted off from a space station in southwestern Japan on Saturday in a key second test flight a year after its failed debut launch. The H3 rocket blasted off from a launch pad at the Tanegashima Space Center two days after its originally scheduled liftoff which was delayed due to bad weather. The rocket's initial flight has been smooth as planned, the Japan Aerospace Exploration Agency, or JAXA, said in its livestreaming. The launch is closely watched as a test for Japan’s space development after H3 failed in its debut flight last March. JAXA and its main contractor Mitsubishi Heavy Industries have been developing H3 as a successor to its current mainstay, H-2A, which is set to retire after two more flights.

Organizations: TOKYO, Space, Japan Aerospace Exploration Agency, JAXA, Mitsubishi Heavy Industries, Associated Press Locations: Japan

☆ Japan Takes Another Shot at Next-Generation H3 Rocket Launch
▼ + stars: | 2024-02-14 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +5 min

The Japan Aerospace Exploration Agency (JAXA) plans to launch its second H3 on Saturday from its Tanegashima Space Center in southern Japan. The setbacks of the H3 and another small rocket, Epsilon, have caused widespread delays in Japanese satellite launches. Saturday's H3 launch carries a dumbbell-shaped 2.6-ton dummy mass simulating a satellite payload. Launch operator Mitsubishi Heavy hopes to launch six H3s a year once stable production is established. Another objective is to win orders from global clients, as satellite launch demands have skyrocketed thanks to affordable commercial vehicles such as SpaceX's reusable Falcon 9.

Persons: Kazuto Suzuki, Masayuki Eguchi, Lockheed Martin, Masashi Okada, Okada, Ko Ogasawara, Ogasawara, Kairos, Kantaro Komiya, Gerry Doyle Organizations: SLIM, University of Tokyo, Japan Aerospace Exploration Agency, JAXA, Mitsubishi Heavy Industries, Mitsubishi, Epsilon, Canon Electronics, U.S, European Space Agency, United Launch Alliance Vulcan, Boeing, Lockheed, Tokyo University of Science, Technologies Locations: TOKYO, Japan, United States, India, Tokyo

TOKYO (AP) — Japan's space agency on Tuesday postponed the launch of a second test flight of its new flagship rocket H3 series planned for this week because of bad weather forecast at the launch site. The fiasco triggered disappointment and uncertainty about Japan's space exploration plans, concerns that were compounded after a spacecraft designed by a Japanese company crashed during a lunar landing attempt in April. The launch of the H3 rocket had already been held up more than two years due to an engine development delay. Mitsubishi's H3 project manager Mayuki Niitsu said there is a growing demand for rockets that can stably launch satellite constellations. “We hope to achieve success of the second H3 rocket and show our capability to our potential customers,” he said and added that H3 could be competitive with major global players, such as SpaceX.

Persons: Masashi Okada, Japan's, “, ” Okada, Okada, Mayuki Niitsu, ” Organizations: TOKYO, Japan Aerospace Exploration Agency, JAXA, Mitsubishi Heavy Industries, Canon Electronics, Seiren, SpaceX Locations: Japan, Japanese, United States, China

Japan became the fifth country in history to reach the moon when the Smart Lander for Investigating Moon, or SLIM, touched down on the Moon early on Saturday. Improved accuracy would give scientists access to more of the moon, since probes could be placed nearer to obstacles. One of the lander's main engines lost thrust about 50 meters (54 yards) above the moon surface, causing a harder landing than planned. For the pinpoint landing, Sakai said, he would give SLIM a “perfect score.”“We demonstrated that we can land where we want,” Sakai said. Japan followed the United States, the Soviet Union, China and India to reach the moon surface.

Persons: Smart, SLIM, touchtown, Shinichiro Sakai, ”, Sakai, ” “, ” Sakai, “, ” LEV, toymaker Tomy, LEV, Daichi Hirano Organizations: TOKYO, Japan Aerospace Exploration Agency, JAXA, Sony, Doshisha University, Mitsubishi Locations: Japan, United States, Soviet Union, China, India, Japanese

☆ A new space photo of Japan's first spacecraft to land on the moon shows why it's not generating any power
▼ + stars: | 2024-01-25 | by ( Mari Yamaguchi | Associated Press | ) www.businessinsider.com time to read: +5 min

Japan became the fifth country in history to reach the moon when the Smart Lander for Investigating Moon, or SLIM, touched down on the Moon early on Saturday. One of the lander's main engines lost thrust about 50 meters (54 yards) above the moon surface, causing a harder landing than planned. 275 images from spaceTwo probes on Japan's SLIM moon lander. Japan followed the United States, the Soviet Union, China and India to reach the moon surface. A spacecraft designed by a Japanese company crashed during a lunar landing attempt in April, and a new flagship rocket failed its debut launch in March.

Persons: —, Smart, SLIM, Eugene Hoshiko, Shinichiro Sakai, Sakai, JAXA LEV, LEV, toymaker Tomy, Daichi Hirano Organizations: Service, Business, AP, Japan Aerospace Exploration Agency, JAXA, Sony, Doshisha University, Mitsubishi Locations: Japan, United States, Soviet Union, China, India, Japanese

☆ Mitsubishi Heavy expects to double defence revenue over next 3 years
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

Miniatures of windmill and electric pole are seen in front of Mitsubishi Heavy Industries logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsTOKYO, Nov 22 (Reuters) - (This Nov. 22 story has been corrected to show that the revenue forecast is for a 3-year period after the company's clarification in the headline, paragraphs 1 and 3)Japan's Mitsubishi Heavy Industries (7011.T) said on Wednesday it expects to double its defence revenue to about 1 trillion yen ($6.68 billion) over the next three years. The increase would come partly from the expansion of facilities to build missiles and develop next-generation fighter jets, it said. During the three-year period starting in April 2027, Mitsubishi Heavy expects annual revenue to top 1 trillion yen due to growth in the defence and space business, presentation material showed. The Japanese government has said it plans to double spending on defence to about 2% of its gross domestic product by 2027 as regional tensions heighten.

Persons: Dado Ruvic, Chang, Ran Kim, Sonia Cheema Organizations: Mitsubishi, Industries, REUTERS, Rights, Mitsubishi Heavy Industries, Mitsubishi Heavy, Thomson

☆ Mitsubishi Heavy expects record defence orders as Japan boosts military
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

The logo of Mitsubishi Heavy Industries is seen at the company headquarters in Tokyo, Japan December 8, 2022. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsTOKYO, Nov 6 (Reuters) - Mitsubishi Heavy Industries (7011.T) has doubled its forecast for defence orders to a record 1.6 trillion yen ($10.7 billion) in the current financial year, it said on Monday, as Japan expands its military by the most since World War Two. The country's top defence contractor Mitsubishi Heavy makes missiles, tanks, submarines and other defence equipment, and military work accounts for around a tenth of its overall revenue. The revision of the internal projection for defence orders compared to a range of 800 billion to 850 billion yen it had previously expected, a company spokesperson told Reuters. The company on Monday also lifted estimates for total orders for the full year by around a fifth, to 5.6 trillion yen.

Persons: Kim Kyung, Seiji Izumisawa, Maki Shiraki, Mariko Katsumura, Barbara Lewis Organizations: Mitsubishi Heavy Industries, REUTERS, Rights, Mitsubishi, Reuters, Thomson Locations: Tokyo, Japan, China, North Korea

[1/2] A model of a new fighter jet of the Global Combat Air Programme (GCAP) led by Britain, Japan, and Italy, is seen at the DSEI defence event in London, Britain, September 12, 2023. Reuters/Sarah Young/File Photo Acquire Licensing RightsTOKYO, Sept 21 (Reuters) - Japan, Britain and Italy plan to choose Britain as the headquarters for their next-generation fighter program, four sources in Japan said, putting London at the forefront of a partnership that could expand to include other nations. "Discussion about the headquarters is ongoing and we are unable to comment on the location," Japan's defence procurement agency said in an email. "No final decisions have been made on the locations and we will not comment on speculation," a spokesperson at Britain's defence ministry said. Officials at the Italian defence ministry were unavailable for comment.

Persons: Sarah Young, Leonardo, LDOF.MI, Richard Berthon, Britain's, Tim Kelly, Nobuhiro Kubo, Paul Sandle, Angelo Amante, Gerry Doyle Organizations: Global Combat Air, Reuters, Rights, London, United, United Arab Emirates, Combat, Britain's Ministry of Defence, BAE Systems PLC, Mitsubishi Heavy Industries, Mitsubishi Electric Corp, Royce PLC, Japan's IHI Corp, Thomson Locations: Britain, Japan, Italy, London, Saudi Arabia, United Arab, GCAP, European

☆ UK, Japanese, Italian Partners Agree Next Steps for Fighter Jet
▼ + stars: | 2023-09-12 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Britain's BAE Systems, Japan's Mitsubishi Heavy Industries, and Italy's Leonardo have agreed the next steps to deliver the concept phase of a next-generation combat aircraft, BAE Systems said on Tuesday. The three nations agreed in December 2022 to collaborate to build an advanced front-line fighter to enter service around the middle of the next decade. The new Global Combat Air Programme (GCAP) agreement will support discussions to set out working arrangements and capability requirements for the aircraft, BAE said. The three nations will update on the project's progress at London's DSEI international arms fair this week, BAE said. Britain's defence ministry had committed 2 billion pounds to the project, formerly known as Tempest, before Japan and Italy joined.

Persons: Italy's Leonardo, Herman Claesen, BAE's, GCAP, Sachin Ravikumar, Paul Sandle, Sarah Young Organizations: BAE Systems, Mitsubishi Heavy Industries, Global Combat Air, BAE, London's Locations: Italy, Japan

☆ Japan Launches Rocket Carrying Moon Lander SLIM After Three Delays
▼ + stars: | 2023-09-06 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

By Kantaro KomiyaTOKYO (Reuters) -Japan launched the H-IIA rocket carrying the national space agency's moon lander on Thursday morning, after unfavourable weather led to three postponements in a week last month. Japan Aerospace Exploration Agency (JAXA) said the rocket took off from Tanegashima Space Center in southern Japan as planned. The rocket is carrying JAXA's Smart Lander for Investigating Moon (SLIM) spacecraft, dubbed the "moon sniper" for its experimental precision landing technology. SLIM's lunar landing is scheduled for early next year. Political Cartoons on World Leaders View All 226 ImagesTwo earlier attempts by Japan to land on the moon failed in the past year.

Persons: JAXA's Smart Lander, Kantaro Komiya, Tom Hogue, Gerry Doyle Organizations: Japan Aerospace Exploration Agency, JAXA, Tanegashima Space, Mitsubishi Heavy Industries, NASA Locations: TOKYO, Japan, India

☆ Japan launches rocket carrying moon lander SLIM after three delays
▼ + stars: | 2023-09-06 | by ( Kantaro Komiya | Thomson Reuters | Kantaro Writes About Everything Japan'S Economic Indicators To North Korea'S Missiles To Global Regulation On Ai Companies. His Previous Stories Have Been Published In The Associated Press | ) www.reuters.com time to read: +1 min

H-IIA launch vehicle number 47 is seen on the launching pad at Tanegashima Space Center on the southwestern island of Tanegashima, Japan in this photo taken by Kyodo on August 28, 2023. Mandatory credit Kyodo/via REUTERS/File photo Acquire Licensing RightsTOKYO, Sept 7 (Reuters) - Japan launched the H-IIA rocket carrying the national space agency's moon lander on Thursday morning, after unfavourable weather led to three postponements in a week last month. Japan Aerospace Exploration Agency (JAXA) said the rocket took off from Tanegashima Space Center in southern Japan as planned. The rocket is carrying JAXA's Smart Lander for Investigating Moon (SLIM) spacecraft, dubbed the "moon sniper" for its experimental precision landing technology. SLIM's lunar landing is scheduled for early next year.

Persons: JAXA's Smart Lander, Kantaro Komiya, Tom Hogue, Gerry Doyle Organizations: Kyodo, Rights, Japan Aerospace Exploration Agency, JAXA, Tanegashima Space, Mitsubishi Heavy Industries, NASA, Thomson Locations: Tanegashima, Japan, India

☆ Japan's 'moon sniper' to test precision landing - and Tokyo's space ambitions
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +3 min

TOKYO, Sept 6 (Reuters) - Japan aims to become the fifth country to land a spacecraft on the lunar surface with the launch of a low-cost "moon sniper" on Thursday that will test precision landing technology designed to further Tokyo’s space goals. Japan's efforts to build a homegrown space industry are also on display: The lander was assembled by Mitsubishi Electric (6503.T), using its landing radars, computers and transponder. That made India the fourth country to land a spacecraft on the moon after the United States, Russia and China. "Precise landing technology gives the ability and confidence for future human space exploration missions. In return, Washington has promised Japan seats on future crewed Artemis missions to the moon.

Persons: Smart Lander, Kenji Kushiki, SLIM, Sreeram Ananthasayanam, Tim Kelly, Nivedita, David Dolan, Kevin Krolicki, Gerry Doyle Organizations: Japan Aerospace Exploration Agency, JAXA, Tanegashima Space, Mitsubishi Heavy Industries, Nectaris, Mitsubishi Electric, Sharp Corp, Electric, Deloitte India, NASA, U.S, Thomson Locations: TOKYO, Japan, India, Delhi, United States, Russia, China, Luna, Washington

☆ Japan's Mitsubishi Heavy reschedules moon rocket launch for Thursday
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

The logo of Mitsubishi Heavy Industries is seen at the company headquarters in Tokyo, Japan December 8, 2022. REUTERS/Kim Kyung-Hoon/file photo Acquire Licensing RightsTOKYO, Sept 4 (Reuters) - Japan's Mitsubishi Heavy Industries (7011.T) said on Monday it planned to launch its H-IIA rocket carrying a moon lander on Thursday morning, after unfavourable wind conditions led to a postponement last month. The new schedule was announced a week after the previous launch attempt, which would have carried Japan's first spacecraft to land on the moon, was suspended because of high winds. H-IIA, jointly developed by JAXA and MHI, has been Japan's flagship space launch vehicle, with 45 successful launches in 46 tries since 2001. After JAXA's new medium-lift H3 rocket failed on its debut in March, the agency postponed the launch of H-IIA No.

Persons: Kim Kyung, JST, Rocky Swift, Mariko Katsumura, Christian Schmollinger, Gerry Doyle Organizations: Mitsubishi Heavy Industries, REUTERS, Rights, Japan Aerospace Exploration, JAXA, Yomiuri, Thomson Locations: Tokyo, Japan

☆ Explainer: Japan's moon landing: When is it and why is it important?
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +4 min

Japan aims to launch the Smart Lander for Investigating Moon (SLIM) into space by mid-September with a lunar landing seen starting as early as January 2024. Japan would become the fifth country to achieve a moon landing after the United States, the former USSR, China and now India. The success of India's Chandrayaan-3 moon exploration mission this month contrasts with recent setbacks in Japan's space missions. WHAT IS JAPAN'S LUNAR MISSION? WHY IS JAPAN'S SPACE PROGRAMME IMPORTANT?

Persons: India's, SLIM, Kantaro Komiya, Maki Shiraki, David Dolan, Nick Macfie Organizations: Smart, Japan Aerospace Exploration Agency, JAXA, Soviet Union, Epsilon, Mitsubishi Heavy Industries, Thomson Locations: TOKYO, Japan, United States, USSR, China, India, U.S, Russia

Although the H-IIA rocket, the Japanese flagship launch vehicle, has a 98% launch success rate, unsuitable wind conditions in the upper atmosphere forced a suspension 27 minutes before the planned liftoff. "High-altitude winds hit our constraint for a launch... which had been set to ensure no impact from debris falling outside of pre-warned areas," said MHI H-IIA launch unit chief Tatsuru Tokunaga. It will mark the 47th H-IIA Japan has launched. H-IIA, jointly developed by JAXA and MHI, has been Japan's flagship space launch vehicle, with 45 successful launches in 46 tries since 2001. However, after JAXA's new medium-lift H3 rocket failed on its debut in March, the agency postponed the launch of H-IIA No.

Persons: MHI, Tatsuru Tokunaga, Michio Kawakami, Tokunaga, JAXA's Smart Lander, India's, SLIM, Ray, Kantaro Komiya, Rocky Swift, Kim Coghill, Gerry Doyle Organizations: Kyodo, REUTERS Acquire, MHI, Mitsubishi Heavy Industries, Japan Aerospace Exploration Agency, JAXA, Ray Imaging, NASA, European Space Agency, Epsilon, Thomson Locations: Tanegashima, Japan, TOKYO, Tokyo

Green hydrogen, produced by splitting water through electrolysis using renewable energy, is expected to play a key role in decarbonising transport and industries. But it is produced today on a very small scale and costs up to five times more than the most common hydrogen produced from natural gas, which is highly carbon-intensive. It sharply reduces the cost of electricity for the electrolysis process, which accounts for more than 70% of green hydrogen production costs, the company said. BP, which aims to sharply reduce its carbon emissions in the coming decades, is betting big on green hydrogen. By 2030, it aims to produce between 0.5 and 0.7 million tonnes per year of primarily green hydrogen.

Persons: Ron Bousso, Louise Heavens Organizations: BP Ventures, Mitsubishi Heavy Industries, Clean Energy Ventures, Gatemore Capital Management, BP, Thomson

☆ Smart girls don’t marry? Japan rushes to erase stigma for women in science
▼ + stars: | 2023-07-12 | by ( Mariko Katsumura | ) www.reuters.com time to read: +5 min

[1/3] Yuna Kato works with male students at her college club to produce a light human-powered aircraft at the school, at Tokyo University in Tokyo, Japan June 30, 2023, in this screen grab from video. Kato has made it this far, but many aspiring female engineers choose a different path due to the social stigma, creating a massive headache for Japan. That is despite Japanese girls scoring second-highest in the world in maths and third in science, according to the OECD. School officials felt women were more likely to quit working after having children and would waste their education. NO DIVERSITY, NO INNOVATIONMore schools and companies including Mitsubishi Heavy Industries (7011.T) and Toyota (7203.T) are offering scholarships to female STEM students to attract talent.

Persons: Yuna Kato, Chris Gallagher TOKYO, Kato, Li, It's, Minoru Taniura, Kyoko Ida, ichi, we've, Mariko Katsumura, Mayu Sakoda, Rocky Swift, Chang, Ran Kim, Sonali Paul Organizations: Tokyo University, REUTERS, OECD, Reuters, Kato's Tokyo Institute of Technology, Mitsubishi Heavy Industries, Toyota, Mitsubishi, Panasonic, Thomson Locations: Tokyo, Japan, Mazda's

☆ Factbox: Toyota unveils battery, production innovations for new EVs
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +3 min

Toyota released a technology briefing, including details on new solid-state batteries, a day before its annual shareholder meeting where governance, climate lobbying and EV strategy are under scrutiny. Here are Toyota's key announcements:BATTERY TECHNOLOGYToyota has a number of initiatives to improve battery performance and reduce cost, and said it was ready to move from research toward production of solid-state batteries. It aims to sell vehicles powered by solid-state batteries by 2027 or 2028. Toyota said, without providing details, it had achieved a "technological breakthrough" overcoming problems previously identified with solid-state batteries' durability. Those chips promise to reduce power loss to the electric motor of an EV by up to 50%, Toyota said.

Persons: Daniel Leussink, Kevin Krolicki, Christopher Cushing Organizations: Toyota, EV, Tesla, Mitsubishi Heavy Industries, Mitsubishi, Denso, Thomson Locations: TOKYO, U.S, Tokyo, Singapore

☆ Mitsubishi Heavy expects record defence orders as Japan pours money into military
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +2 min

TOKYO, May 10 (Reuters) - Mitsubishi Heavy Industries (7011.T) on Wednesday said it expects to book record defence equipment orders this business year as Japan embarks on its biggest military expansion since World War Two. His company said it expects defence orders to jump by around a half to as much as 850 billion yen ($6.29 billion) in the first year of Japan's five-year $318 billion military build up which began in April. The maker of missiles, tanks, submarines and other defence equipment is Japan's biggest defence contractor, with military work accounting for around a tenth of overall revenue. Many other military contractors in Japan, however, have been hesitant to invest in defence businesses as they often represent a much smaller share of sales. Mitsubishi Heavy, which makes products ranging from air conditioners to nuclear reactors expects overall operating profit for the business year to increase by a half to 300 billion yen.

☆ Why Warren Buffett is so keen on Japan's versions of Berkshire Hathaway
▼ + stars: | 2023-05-05 | by ( Tim Hornyak | ) www.cnbc.com time to read: +9 min

But Warren Buffett added a spark in April when he visited Japan to announce that Berkshire Hathaway boosted its investment in Japanese trading houses to 7.4%. Buffett said the five — Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui, and Sumitomo Corp. — are comparable to Berkshire itself. Samurai roots for Buffett's Japanese stocks The five trading firms that Berkshire has invested in are the biggest of Japan's so-called sogo-shosha, or general trading companies. Today, Japan's trading companies derive most of their revenue from non-trade activities. Shosha: The Big Five Mitsubishi The largest of Japan's trading companies is Mitsubishi Corp. , set up in 1954.

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