DIRS.INFO The most relevant business & tech news

"Due diligence wise JSW is talking to a lot of people because it needs an ecosystem for an EV. JSW's billionaire chairman Sajjan Jindal has publicly aired his desire to build EVs and its talks to buy a stake in China's MG Motor (600104.SS). Toshiba said it is not able to confirm "at this point" if it is in talks with JSW for a partnership to build battery cells. All three sources declined to be identified as the talks are still ongoing and a final decision has not been made. Tesla is also eyeing India and is in talks with the government to build EVs and batteries there.

Persons: Danish Siddiqui, JSW, LGES, China's CATL, Sajjan Jindal, CATL, Narendra Modi's, JSW's, Ola, Aditi Shah, Neha Arora, Heekyong Yang, Daniel Leussink, Miho Uranaka, Zhang Yan, Alexander Smith Organizations: REUTERS, Danish, Korea's LG Energy, Panasonic, Toshiba, JSW's, Tesla, General Motors, China's, HK, Reuters, JSW, Tata Motors, TVS, Thomson Locations: Mumbai, India, DELHI, Korea, Korean, India's, New Delhi, Seoul, Tokyo, Shanghai

JSW held talks with senior LGES executives in Korea earlier this month, proposing a partnership to manufacture battery cells in India for EVs and energy storage, one of the people with direct knowledge of the discussions said. "Due diligence wise JSW is talking to a lot of people because it needs an ecosystem for an EV. JSW's billionaire chairman Sajjan Jindal has publicly aired his desire to build EVs and its talks to buy a stake in China's MG Motor (600104.SS). Toshiba said it is not able to confirm "at this point" if it is in talks with JSW for a partnership to build battery cells. Tesla is also eyeing India and is in talks with the government to build EVs and batteries there.

At Kokusai's indicative price of 1,890 yen per share, the company will offer 111.2 billion yen ($749.88 million) worth of shares and have a market value of 435.5 billion yen. A successful listing would follow the blockbuster New York IPO of SoftBank-owned chip designer Arm , which investors hoped would lead to a wave of stock market launches. IPO activity has remained strong in Japan, where the stock market is at 33-year highs and interest rates ultra low. Kokusai reported operating profit fell by a fifth to 56 billion yen in the year ended March compared to the same period a year earlier. Sales were roughly flat at 245.7 billion yen.

Persons: Miho Uranaka, Kokusai, chipmaker TSMC, TW, Sam Nussey, Makiko Yamazaki, Christopher Cushing Organizations: REUTERS, KKR, Materials, Kokusai, Tokyo Stock Exchange, Industry, Reuters, Marelli Holdings, Thomson Locations: Tokyo, Japan, TOKYO, China, York

☆ Japan Airlines wants to help you leave your suitcase at home
▼ + stars: | 2023-09-12 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

If you’re flying with Japan Airlines, the answer could be nothing at all. Called Any Wear, Anywhere, the service runs through the end of August 2024 and Japan Airlines says it could cut carbon emissions by reducing the weight carried by its airplanes. The true impact of the trial will only be revealed at the end, once Japan Airlines tallies the weight savings and calculates the exact reduction in emissions. However, Japan Airlines must be able to see a statistically significant reduction in baggage weight, says Gary Crichlow, an aviation analyst at consulting firm AviationValues. Moriya shares this ambition and hopes to expand the partnership with Japan Airlines to other members of the OneWorld Alliance, which includes American Airlines, British Airways and Quantas – and then to other alliances.

Persons: I’ve, ”, Miho Moriya, Moriya, we’re, Gary Crichlow, “, that’s, Nina Gbor, It’s, ” Gbor, – Organizations: CNN, Japan Airlines, Sumitomo, Qantas, OneWorld Alliance, American Airlines, British Airways Locations: Japan, United States, Australia

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. In the past five months the improvement has been tremendous," TSMC Chairman Mark Liu said of the Arizona project last week. The $40 billion investment in Arizona allows TSMC to add capacity outside Taiwan, where it faces constraints on land, power, water and labour. "A lot of machines cannot be shut down because it costs TSMC to recalibrate on rebooting," said a chip industry executive. While many equipment and materials makers already have global operations, to meet its exacting standards TSMC has also brought suppliers to Japan from Taiwan, the sources said.

Persons: Ann Wang, TSMC, Mark Liu, Lucy Chen, Brady Wang, Sam Nussey, Fanny Potkin, Sarah Wu, Miho Uranaka, Jamie Freed Organizations: Taiwan Semiconductor Manufacturing, REUTERS, TSMC, Reuters, Isaiah Research, Sony, Ministry, Economy, Trade, Industry, Thomson Locations: Hsinchu, Taiwan, Japan, TOKYO, SINGAPORE, TAIPEI, Arizona, Kyushu, U.S, Germany, TSMC

☆ In Japan, a third of today's 18-year-olds may not have children - study
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +3 min

The National Institute of Population and Social Security Research (IPSS) estimated in a report that 33.4% of women born in 2005 would be childless. The number of children in Japan has been falling for more than four decades as the appetite for marriage and parenting has waned and financial worries have grown, surveys show. That trend could itself be causing a vicious cycle of fewer children begetting fewer children, said Takuya Hoshino, senior economist at Dai-ichi Life Research Institute. As people have fewer children, they are able to spend more on each child than families have in the past. That drives up the average cost of raising a child for the broader population, putting some people off from having children, he said.

Persons: Eita Sato, Aoi Hoshi, Issei Kato, Fumio Kishida, Anna Tanaka, Miho Iwasawa, Iwasawa, Takuya Hoshino, IPSS, Satoshi Sugiyama, Chang, Ran Kim, Robert Birsel Organizations: Junior High School, REUTERS, Rights, National Institute of Population, Social Security Research, Kyodo, Reuters, Dai, Research, Thomson Locations: Fukushima Prefecture, Japan, one's

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/anti-japanese-feeling-rises-in-china-after-fukushima-water-discharge-57e9a2d5

Persons: Dow Jones Locations: asia, fukushima

☆ Japan Starts Releasing Water From Fukushima Nuclear Plant Into Pacific
▼ + stars: | 2023-08-24 | by ( Miho Inada | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/japan-starts-releasing-water-from-fukushima-nuclear-plant-into-pacific-7f53bc54

Persons: Dow Jones Locations: asia, japan, fukushima

☆ Japan to Release Water From Fukushima Nuclear Plant Into Pacific This Week
▼ + stars: | 2023-08-21 | by ( Miho Inada | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/japan-to-release-water-from-fukushima-nuclear-plant-into-pacific-this-week-1e527a8

Persons: Dow Jones Locations: asia, japan, fukushima

☆ Rakuten shares jump as mobile losses narrow
▼ + stars: | 2023-08-14 | by ( Anton Bridge | ) www.reuters.com time to read: +2 min

REUTERS/Miho UranakaTOKYO, Aug 14 (Reuters) - Rakuten Group (4755.T) shares surged on Monday morning after the e-commerce giant reported narrowing losses at its cash bleeding mobile unit last week alongside assurances that it can cover its debt burden for the next financial year. Rakuten has taken to publicly listing its more successful units to generate cash, listing its internet banking business - Rakuten Bank (5838.T) - in April and applying to list its securities business in July. Last week, Rakuten also announced plans to consolidate its payments and points businesses and fold them into Rakuten Card, its credit card and loans unit. Rakuten also committed to taking on no additional gross debt, instead using equity-related financing to reduce its debt burden. The group has a total of 1.9 trillion yen ($13.11 billion) in debt, with 406 billion yen due in 2024 and a further 430 billion yen in 2025, according to Refinitiv data.

Persons: Miho Uranaka, Jefferies, Rakuten, Anton Bridge, Jacqueline Wong Organizations: REUTERS, Rakuten, Rakuten Bank, Thomson Locations: Yokohama, Kanagawa, Japan, Miho Uranaka TOKYO

☆ This rare female painter in Edo Japan was ‘coveted’ for her exquisite ink paintings
▼ + stars: | 2023-08-02 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +9 min

But he laments the fact that Yukinobu — and other women artists from Japan — are not given more prominence beyond occasional inclusion in broad group shows. But she never signed her paintings, according to Kanō tradition, as Kanō Yukinobu. The Denver Art Museum alone has 13 imitations of Yukinobu paintings, and only one authentic work. A peony in the collection of MFA Boston (not on view), which holds several Yukinobu paintings. “There’s a core group of female scholars who are pursuing this (the study of Japanese women artists),” he explained.

Persons: Kiyohara Yukinobu, —, ”, Einor Cervone, Yukinobu, Benzaiten, Paul Berry, “, ” Berry, Kanō Tan’yū, Kusumi Morikage, Berry, Cervone, Yang Guifei, Tang, Xuanzong, it’s, Kiyohara, consort Yang Guifei, ” Cervone, Boston Berry, he’s, don’t, Picasso, I’m, It’s Organizations: CNN, Denver Art Museum, Tokyo National Museum, Miho Museum, Metropolitan Museum of Art, Museum of Fine Arts Boston, Boston, Suntory Museum of Art, Women’s University Locations: Japan, Kyoto, New York, “, Tokyo, Shibuya, East Asia

"When we're 50% foreign owned that gives people pause within Japan," Johnson said in an interview. Companies often view the presence of an activist investor as a challenge to their strategy or a factor that could delay execution of their plans. The activist investor previously praised JSR's "fact-based decision making" and said it supports the sale to JIC. "But that doesn't contribute to the Japanese semiconductor materials industry overall," he said. "I don't think they're being imaginative enough ... there's a wide range of materials expertise in Japan," Johnson said.

Persons: Eric Johnson, Johnson, ValueAct, JSR's, Atsushi Ikeda, Goldman Sachs, Ikeda, Yuta, JSR, Sam Nussey, Miho Uranaka, Makiko Yamazaki, Svea Herbst, Bayliss, Stephen Coates Organizations: JSR, Japan Investment Corp, Samsung, Intel, ValueAct, Companies, Citigroup, Svea, Thomson Locations: TOKYO, American, Japan, there's

[1/2] The logo of Osaka Organic Chemical Industry Ltd. is pictured in Tokyo, Japan July 25 2023. REUTERS/Sam NusseyTOKYO, July 26 (Reuters) - Osaka Organic Chemical Industry (4187.T), a Japanese manufacturer of high-end chemicals used in chip production, is betting on the materials market for extreme ultraviolet (EUV) lithography, a method for making advanced chips. Little known even in its home country, Osaka Organic has carved out a critical niche in the semiconductor industry by supplying companies that make photoresists, the light-sensitive chemicals used to etch patterns on wafers. "I am confident that we can compete," Masayuki Ando, Osaka Organic's president, told Reuters in an interview, referring to the EUV resist market. In many ways, Osaka Organic is emblematic of Japan's chip-making industry today.

Persons: Sam Nussey, Masayuki Ando, Osaka, Ando, Yuta Nishiyama, Miho Uranaka, David Dolan, Miral Organizations: Osaka Organic Chemical Industry Ltd, REUTERS, Osaka Organic Chemical Industry, Reuters, Citigroup, Thomson Locations: Osaka, Tokyo, Japan, Sam Nussey TOKYO, photoresists, South

☆ Nidec's acquisitive CEO hails new Japan rules aimed at making takeovers easier
▼ + stars: | 2023-07-23 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +3 min

[1/2] Nidec Corp's logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. Nagamori welcomed the prospect of Japan becoming more receptive to unsolicited bids. Because unsolicited bids are seen as taboo, Nidec has typically focused on buying and turning around money-losing companies, he said, but "that takes time". In corporate Japan, unsolicited bids have been seen as too adversarial. he said, referring to Nidec's tender offer price with an 80% premium.

Persons: Kim Kyung, Shigenobu Nagamori, Nagamori, Nidec, Makiko Yamazaki, Miho Uranaka, Robert Birsel Organizations: REUTERS, Thomson Locations: Tokyo, Japan, TOKYO

Powerchip and Japanese financial firm SBI Holdings (8473.T) earlier this month said they aim to attract government subsidies to build the plant amid a wave of investment in Japan aimed at boosting its chip manufacturing capabilities. "I think about five to seven years... it depends on the business," Joe Wu, President of PSMC Japan, told Reuters when asked about the timing for a potential listing. Powerchip said it sees scope for additional foundry capacity in Japan, which has seen a lack of investment. The Taiwanese firm previously set up a joint venture in China to build a chip factory which listed in Shanghai this year. Powerchip and SBI hope to attract additional funds for the Japan business and are targeting chip industry customers and financial investors as potential backers, Wu said.

Persons: Powerchip, Joe Wu, Wu, Sam Nussey, Miho Uranaka, Elaine Hardcastle Organizations: Powerchip Semiconductor Manufacturing Corp, SBI Holdings, Reuters, Companies, Renesas Electronics, Mitsubishi Electric, Taiwan Semiconductor Manufacturing, Sony Group, Denso Corp, Powerchip, Thomson Locations: TOKYO, Taiwan, Japan, Kyushu, China, Shanghai

TOKYO, July 19 (Reuters) - Japan needs to rapidly expand computing power as it vies to become a global leader in artificial intelligence, said Hideki Murai, a special AI adviser to Prime Minister Fumio Kishida. "The government's key priority is computing power. We feel a real sense of crisis about that," Murai, a ruling Liberal Democratic Party lawmaker who heads the government's AI strategy team, told Reuters in an interview on Tuesday. Japan, the world's third-largest economy, has been slow to invest in the field, and lags the United States in AI computer infrastructure. Some 3,000 companies in Japan have access to a supercomputer at the government's National Institute of Advanced Industrial Science and Technology (AIST) offering 0.8 exaflops of computing power.

Persons: Hideki Murai, Fumio Kishida, OpenAI, Murai, Shohei Ohtani, Tim Kelly, Sam Nussey, Miho Uranaka, Sam Holmes Organizations: Liberal Democratic, Reuters, government's National Institute of Advanced Industrial Science, Technology, Microsoft, Japan's Ministry of Economy Trade, Industry, SoftBank Corp, AIs, Japan, Major League, European Union, Thomson Locations: TOKYO, Japan, United States, AIST, European

CNN —Rescue workers pulled seven bodies from vehicles trapped in a flooded underpass in central South Korea, authorities said Sunday, after days of torrential rain caused landslides and flash floods that have killed at least 33 people. The rescue operation was ongoing Sunday morning, with 10 people reported missing while authorities worked to identify the bodies, according to South Korean Ministry of the Interior and Safety. The search and rescue operation at the underpass continued on Sunday, in Cheongju, South Korea, on July 16. Dozens of people have died in South Korea in recent days as torrential monsoon rains triggered flooding and landslides across the country. The latest round of heavy rains in South Korea come just days after devastating floods wreaked havoc in neighboring Japan, killing at least six people and injuring 19.

Persons: Seo Jeong, il, Seo, Kim Hong, ”, Han Duck Organizations: CNN — Rescue, South Korean Ministry of, Safety, Rescue, Ministry of, Yonhap News Agency, Korean, South Korean Locations: South Korea, North Chungcheong, Cheongju, East Asia, Japan, China, Chongqing

The timing of the listing was still unclear as money-losing PayPay needs to first demonstrate a clear path to profitability, the source said. SoftBank has previously set a PayPay listing as a goal, with one executive saying in November it was worth just under 1 trillion yen ($7.17 billion). Representatives for PayPay and SoftBank Group's (9984.T) domestic telecoms business, SoftBank Corp (9434.T), said they would not comment on speculation. PayPay is owned by SoftBank Corp, its internet business, Z Holdings (4689.T), and the group's second Vision Fund. PayPay booked a loss before interest, taxes, depreciation and amortisation of 11.9 billion yen in the year ended March, compared to a loss of 43.2 billion yen a year earlier.

Persons: SoftBank, SoftBank Group's, Kirk Boodry, Son, PayPay, Sam Nussey, Miho Uranaka, Scott Murdoch, David Dolan, Muralikumar Organizations: Companies, Z Holdings, PayPay, SoftBank Corp, Vision Fund, SoftBank, Syla Technologies, Rakuten Bank, SBI Sumishin, Bank, Astris Advisory, Mobile Marketing, Cambridge, Thomson Locations: . New York, Tokyo, New York, U.S, Astris Advisory Japan, Japan, England

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/how-could-i-feel-safe-japans-dumping-of-radioactive-fukushima-water-stirs-fear-anger-2c2059b4

Persons: Dow Jones

☆ SBI Holdings to help Taiwan's Powerchip build a plant in Japan
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

TOKYO, July 5 (Reuters) - Financial firm SBI Holdings (8473.T) said on Wednesday it would help Taiwan's Powerchip Semiconductor Manufacturing Corp (6770.TW) establish a factory in Japan as the country looks to revive its chip industry. "This is the best possible time to enter chip manufacturing," Kitao said at a joint press conference with the Taiwanese company's chairman, Frank Huang. Powerchip is currently looking at three or four potential sites and manufacturing could begin two years after construction starts, Kitao added. Japan is also funding a homegrown venture, Rapidus, which says it plans to produce advanced logic chips from the middle of the decade with help from IBM Corp (IBM.N). Powerchip provides contract manufacturing services for logic and memory chips for power management to customers including MediaTek Inc (2454.TW), Taiwan's largest designer of mobile phone chips.

Persons: Yoshitaka Kitao, Kitao, Frank Huang, Powerchip, Miho Uranaka, Tim Kelly, Christopher Cushing, Jamie Freed, Louise Heavens Organizations: Financial, SBI Holdings, Semiconductor Manufacturing Corp, SBI, Taiwan Semiconductor Manufacturing, Sony Group, Denso Corp, Kioxia Corp, Western Digital Corp, chipmaker Micron Technology, IBM Corp, MediaTek Inc, Thomson Locations: TOKYO, Japan, Kumamoto prefecture, Hiroshima

☆ Japan Discharge of Fukushima Radioactive Water Into Pacific Gets Green Light
▼ + stars: | 2023-07-04 | by ( Miho Inada | Dasl Yoon | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/japan-discharge-of-fukushima-radioactive-water-into-pacific-gets-green-light-92911fc8

Persons: Dow Jones Locations: japan

☆ Panasonic needs four more EV battery plants, executive says
▼ + stars: | 2023-07-03 | by ( Miho Uranaka | ) www.reuters.com time to read: +3 min

The comments by Shoichiro Watanabe of Panasonic Energy are the Tesla (TSLA.O) supplier's first clear indication of the number of additional factories it will need. "We will need to build around another four factories," Watanabe, the company's chief technology officer, said in an interview at its headquarters in Osaka on Friday. He signalled an openness to potential joint ventures for EV battery production, with automaker Mazda Motor (7261.T) among others, citing the changing nature of such projects in which investment is no longer shouldered by battery makers alone. Panasonic will not rule out the possibility of a joint battery venture with Mazda as part of a supply partnership the companies are working out, Watanabe said. They aim to sign off on it this year, and expect to supply batteries after 2025.

Persons: Shoichiro Watanabe, Miho Uranaka, Watanabe, Elon Musk, Miho Uranka, Daniel Leussink, David Dolan Organizations: Panasonic Energy Co, REUTERS, Panasonic, Reuters, Panasonic Energy, EV, Mazda, NORTH AMERICA Panasonic, U.S, Thomson Locations: Moriguchi, Osaka prefecture, Japan, Miho Uranaka OSAKA, United States, Nevada, Kansas, Osaka, North America, Oklahoma

☆ South Korea to return to Japan's 'white list' for exports on July 21
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: 1 min

TOKYO, June 27 (Reuters) - Japan will reinstate South Korea to its "white list" for exports with fast-track trade status effective July 21, Japanese trade minister Yasutoshi Nishimura said on Tuesday, a crucial step for resolving an economic row between the two nations. Japan lifted export curbs on high-tech materials to South Korea in March as the nations mended ties amid North Korea's repeated missile launches and China's stepping up defence activities. South Korea's trade ministry welcomed the move as a "complete recovery of trust between the two countries in export control". The ministry also said it would work closely with Tokyo on bilateral and multilateral export control issues in future. Reporting by Miho Uranaka in TOKYO, Hyunsu Yim in SEOUL, writing by Kaori Kaneko Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

Persons: Yasutoshi Nishimura, Miho Uranaka, Hyunsu Yim, Kaori Kaneko, Chang, Ran Kim Organizations: South, Thomson Locations: TOKYO, Japan, South Korea, Tokyo, SEOUL

☆ Factbox: Japan ramps up efforts to strengthen its chip industry
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +4 min

Below are investments in Japan announced by chipmakers and measures the government is taking to revive its semiconductor industry. Sony Group (6758.T) and auto parts maker Denso (6902.T), which will use the chips TSMC makes, are also investors. It said it would be the first chipmaker to bring EUV technology to Japan for production. It has offered TSMC a 476 billion yen subsidy, or about half the expected cost of the factory. Rapidus secured an initial 70 billion yen of funding from the government, and local media reported in April that the government was finalising a plan to provide an additional 300 billion yen.

Persons: TW, Rapidus, JIC, Makiko Yamazaki, Sam Nussey, Tim Kelly, Miho Uranaka, Miyoung Kim, Jamie Freed Organizations: Semiconductor, chipmakers, Taiwan Semiconductor Manufacturing, Sony Group, Micron Technology, Samsung Electronics, Reuters, Business Machines, IBM, Samsung, Nikon, Tokyo, Japan Investment Corp, Innovation Network Corp of Japan, Toshiba, Japan Industrial Partners, Thomson Locations: TOKYO, Japan, Kyushu, Denso, KS, Yokohama, Japan's, Chitose, Hokkaido, Rapidus, U.S, China, State

☆ Sushi Boom Upends Japanese Tradition as Chefs Get Trained in Short Order
▼ + stars: | 2023-06-24 | by ( Miho Inada | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/sushi-boom-upends-japanese-tradition-as-chefs-get-trained-in-short-order-59e734d9

Persons: Dow Jones

Search resuls for: "Miho"

25 mentions found