Mitsubishi companies

Mitsubishi Electric US, Inc. Expands in Boston Area

Retrieved on: 
Tuesday, August 3, 2021
Commercial Building & Real Estate, Construction & Property, Building Systems, Companies, Mitsubishi companies, Transport, Economy of Japan, Mitsubishi Electric United States, Mitsubishi Motors, Mitsubishi, Escalator, Elevator, Mitsubishi Electric US, Inc. Elevator and Escalator Division, Boston Seaport, WS Development, MITSUBISHI ELECTRIC US, INC. ELEVATOR AND ESCALATOR DIVISION, BOSTON SEAPORT, WS DEVELOPMENT

The Elevator and Escalator Division of Mitsubishi Electric US, Inc. , headquartered in Cypress, California, is pleased to announce its expansion in Greater Boston.

Key Points: 
  • The Elevator and Escalator Division of Mitsubishi Electric US, Inc. , headquartered in Cypress, California, is pleased to announce its expansion in Greater Boston.
  • Mitsubishi Electric was recently selected by WS Development , one of the largest privately-owned retail development firms in the country, to install elevator systems in its latest Boston Seaport project at 400 Summer Street.
  • Were thrilled to expand our presence in the Boston area and partner with WS Development on 400 Summer Street, said Mike Eden, director, eastern region, Mitsubishi Electric US, Inc.
  • We worked closely with the team to see how Mitsubishi Electric could deliver the best product suited for their requirements.

Nidec Completes the Acquisitions of Stock, Etc. of Mitsubishi Heavy Industries Machine Tool Co., Ltd., and Announces an Outline of Its New Subsidiaries

Retrieved on: 
Tuesday, August 3, 2021
Companies, Secondary sector of the economy, Manufacturing, Mitsubishi companies, Anti-Japanese sentiment in Korea, Mitsubishi Heavy Industries, Mitsubishi Motors, Mitsubishi, Machine tool, Lathe, Metal lathe, Nidec-Shimpo America Corporation

Mitsubishi Heavy Industries Machine Tool started its business in 1936 for manufacturing of lathe in Hiroshima, Japan.

Key Points: 
  • Mitsubishi Heavy Industries Machine Tool started its business in 1936 for manufacturing of lathe in Hiroshima, Japan.
  • Since then, Mitsubishi Heavy Industries Machine Tool has been a group company of Mitsubishi Heavy Industries and has grown its business, while supporting Japanese manufacturing for many years.
  • Mitsubishi Heavy Industries Machine Tool, which designs, manufactures and sells machine tools, cutting tools and related products and provides after-sales services for the products, owns highly professional personnel in addition to its long-nurtured technologies.
  • Nidec has a view of further expansion of machine tool business with Mitsubishi Heavy Industries Machine Tool, and believes that, with necessary investment, the business will be able to play a major global role in our group.

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of UNIONBANC INVESTMENT SERVICES CUSTOMERS

Retrieved on: 
Monday, August 2, 2021
Companies, Mitsubishi companies, United States securities law, Financial Industry Regulatory Authority, Mitsubishi UFJ Financial Group, Securities fraud, Finance, United States Securities Regulation, Mitsubishi UFJ Securities International, Morgan Stanley

SAN FRANCISCO, Aug. 02, 2021 (GLOBE NEWSWIRE) -- National investor fraud law firm, KlaymanToskes (KT), has commenced an investigation of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (Northstar) purchased through Unionbanc Investment Services, which is a subsidiary of Mitsubishi UFJ Financial Group, Inc.s (NYSE: MUFG) American holding company.

Key Points: 
  • SAN FRANCISCO, Aug. 02, 2021 (GLOBE NEWSWIRE) -- National investor fraud law firm, KlaymanToskes (KT), has commenced an investigation of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (Northstar) purchased through Unionbanc Investment Services, which is a subsidiary of Mitsubishi UFJ Financial Group, Inc.s (NYSE: MUFG) American holding company.
  • In 2019, Northstar owner Greg Lindberg was indicted on federal wire fraud and bribery charges, and he is currently serving in prison after his conviction last year.
  • The sole purpose of this release is to investigate potential FINRA arbitration claims relating to Unionbanc Investment Servicess sales practices concerning Northstar Financial Services (Bermuda).
  • KT is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters.

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.

Agreement Concluded for Mitsubishi Power to be Integrated into MHI

Retrieved on: 
Friday, July 30, 2021
Companies, Engines, Manufacturing, Mitsubishi companies, Anti-Japanese sentiment in Korea, Mitsubishi Heavy Industries, Mitsubishi Motors, MHI, General Electric

- Integration of business operations to MHI effective October 1, to vigorously advance "Energy Transition" solutions

Key Points: 
  • - Integration of business operations to MHI effective October 1, to vigorously advance "Energy Transition" solutions
    TOKYO, July 30, 2021 - (JCN Newswire) - As announced on May 10, Mitsubishi Heavy Industries, Ltd. (MHI) reached an agreement under which Mitsubishi Power, Ltd. will be integrated into MHI.
  • An absorption-type split agreement to integrate the two companies' business operations has now been concluded, whereby the business operations and employees of Mitsubishi Power will be taken over by MHI effective October 1, 2021.
  • Under the newly concluded agreement, the business operations and employees of Mitsubishi Power involved in the design, manufacture, sale, installation and engineering of thermal power generation systems will be transferred to MHI and integrated.
  • Even after integration with MHI, the "Mitsubishi Power" brand name, widely recognized around the globe, will continue to be used for overseas markets.

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.

Global Elevator & Escalator Market Outlook Report 2021-2026 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 29, 2021
Other Construction & Property, Construction & Property, Other Manufacturing, Manufacturing, Companies, Manufacturing, Secondary sector of the economy, Mitsubishi companies, Elevator, Escalator, Fujitec, Cibes Lift, Hitachi, Stannah Lifts, Mitsubishi Electric, Mitsubishi Motors

The "Global Elevator & Escalator Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Elevator & Escalator Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering.
  • 'Global Elevator & Escalator Market Outlook, 2026' offers a valuable insight with an emphasis on the global market from the period of 2015 to 2026.
  • The report covers a detailed study on market drivers, restraints, opportunities, and challenges that are affecting the growth of this industry.
  • Other considerable players in the market are Mitsubishi Electric, Hitachi Ltd, Fujitec Co., Ltd, Sigma Elevator Company, Hyundai Elevator Company, Toshiba Corporation, Stannah, Gulf Elevator & Escalator Co. Ltd., Kleemann Hellas SA, Sicher Elevator Co., Cibes Lift Group AB, etc

Etrion Completes Sale of the 9.5 MW Misawa Solar Project to Japanese Consortium for JPY 1.5 billion cash consideration

Retrieved on: 
Wednesday, July 28, 2021
Finance, Companies, Financial markets, Stock market, Mitsubishi companies, Mitsubishi UFJ Financial Group, Etrion, Ticker symbol, Morgan Stanley, Stock, NASDAQ

Etrion was advised on this transaction by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Key Points: 
  • Etrion was advised on this transaction by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
    Etrion Corporation is an independent renewable energy developer.
  • The Company is listed on the Toronto Stock Exchange in Canada and the Nasdaq Stockholm exchange in Sweden under ticker symbol ETX.
  • Etrions largest shareholder is the Lundin family, which owns approximately 36% of the Companys shares directly and through various trusts.
  • This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.

Mitsubishi Electric Announces Replacement of President & CEO, Changes to Representative Executive Officer and Executive Officer

Retrieved on: 
Wednesday, July 28, 2021
Rail, Technology, Transport, Manufacturing, Other Manufacturing, Hardware, Companies, Mitsubishi companies, Economy of Japan, Manufacturing, Mitsubishi Motors, Mitsubishi

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that in light of a series of issues in Mitsubishi Electric Group, namely the quality-related conduct disclosed on June 30 and July 2, 2021, pertaining to HVAC (Heating, Ventilation and Air Conditioning systems) for railcars, among others, Director, Representative Executive Officer, President & CEO Takeshi Sugiyama will resign as of July 28, 2021.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that in light of a series of issues in Mitsubishi Electric Group, namely the quality-related conduct disclosed on June 30 and July 2, 2021, pertaining to HVAC (Heating, Ventilation and Air Conditioning systems) for railcars, among others, Director, Representative Executive Officer, President & CEO Takeshi Sugiyama will resign as of July 28, 2021.
  • In addition, at an extraordinary meeting of the Board of Directors held on July 28, 2021, resolutions were made concerning a successor to the positions of President & CEO and Representative Executive Officer, as well as with regard to the executive officer structure.
  • As such, at an extraordinary meeting of the Board of Directors held on July 28, 2021, Mitsubishi Electric made resolutions pertaining to the successor to the positions of President & CEO and Representative Executive Officer, and concerning the executive officer structure.
  • Under the leadership of the new President & CEO and Executive Officers, Mitsubishi Electric will investigate the root causes of the series of improper quality-related conduct, and will also promote reform of the companys corporate culture while striving to recover trust from all stakeholders.

Mitsubishi Tanabe Pharma America and Target ALS Announce Call for Nominations for First Annual Rebecca Luker Courage Award

Retrieved on: 
Tuesday, July 27, 2021
Companies, Mitsubishi companies, Economy of Japan, Economic history of Japan, Mitsubishi Tanabe Pharma, Mitsubishi Motors, Pharma, Luker, Mitsubishi

JERSEY CITY, N.J., July 27, 2021 /PRNewswire/ -- Mitsubishi Tanabe Pharma America, Inc. (MTPA) and Target ALS today announced the establishment of the inaugural Target ALS Rebecca Luker Courage Award.

Key Points: 
  • JERSEY CITY, N.J., July 27, 2021 /PRNewswire/ -- Mitsubishi Tanabe Pharma America, Inc. (MTPA) and Target ALS today announced the establishment of the inaugural Target ALS Rebecca Luker Courage Award.
  • We are tremendously honored to present the Target ALS Rebecca Luker Courage Award to members of the ALS community who tackle seemingly impossible challenges with a tenacious spirit."
  • During the months of July, August and September, community members can nominate individuals for the Rebecca Luker Courage Award by visiting www.TargetALS.org .
  • About Mitsubishi Tanabe Pharma America, Inc.
    Based in Jersey City, N.J., Mitsubishi Tanabe Pharma America, Inc. (MTPA) is a wholly-owned subsidiary of Mitsubishi Tanabe Pharma Corporation's (MTPC) 100 percent owned U.S. holding company, Mitsubishi Tanabe Pharma Holdings America, Inc.