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Tokyo, Dec 3, 2014 - (JCN Newswire) - Toyota Motor Corporation (TMC) and Toyota Motor Corporation Australia Ltd. (TMCA), its production and sales subsidiary in Australia, announced TMCA's new business structure for 2018 onward. TMCA will consolidate its corporate functions in Melbourne, thereby impacting the national sales and marketing operations currently located in Sydney. Most of the Altona Plant-which will cease manufacturing by the end of 2017 - will be reestablished as training and product development facilities, leveraging 50 years of accumulated knowledge and expertise to further develop Toyota people, products and services. Toyota's decision to stop manufacturing and continue as a national sales and distribution company from 2018 was taken from a long-term point-of-view with the customer firmly in mind, to maintain a sustainable business well into the future... (more)

DENSO Announces Third-quarter Financial Results

- Upward revision to the full-year forecast - Kariya, Japan, Feb 3, 2015 - (JCN Newswire) - DENSO Corporation today announced its third quarter global financial results for the nine months ending Dec. 31, 2014: - Consolidated net sales totaled 3,160.3 billion yen (US$26.2 billion), a 4.8 percent increase from the previous year. - Consolidated operating income totaled 255.3 billion yen (US$2.1 billion), an 11.9 percent decrease from the previous year. - Consolidated net income totaled .4 billion yen (US$1.6 billion), a 13.4 percent decrease from the previous year. "DENSO's sales incre... (more)

DENSO to Adopt International Financial Reporting Standards

Kariya, Japan, Feb 3, 2015 - (JCN Newswire) - DENSO Corporation today announced that its board of directors has approved plans to voluntarily adopt the International Financial Reporting Standards (IFRS). The first document to use IFRS, in place of Japanese accounting standards, will be the consolidated financial statements in DENSO's Annual Securities report for the fiscal year ending March 31, 2015. DENSO chose to adopt the IFRS as a global standard to accelerate speedy management by unification of accounting standards in group companies, and to enable stakeholders to more conve... (more)

MHPS Signs Power Plant Operation and Maintenance Services MOU With Uzbekenergo, State-owned Power Provider in Uzbekistan

Yokohama, Japan, Feb 2, 2015 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has signed a memorandum of understanding (MOU) with State Joint Stock Company Uzbekenergo of Uzbekistan under which the two firms will collaborate in the area of power plant operation and maintenance (O&M). The MOU calls for MHPS to provide O&M support and related services for power plants owned by Uzbekenergo. The agreement was reached as an outgrowth of ongoing joint economic talks between Uzbekistan and Japan aimed at promoting bilateral trade and economic development. A signing cerem... (more)

Lexus Design Award 2015 Finalists Announced

Tokyo, Jan 29, 2015 - (JCN Newswire) - Lexus International today announced the finalists for the third Lexus Design Award, an international competition established with the aim of supporting young up-and-coming creators. A total of 1,171 entries from 72 countries on the theme of "Senses" were judged by a panel of world-renowned designers and creators in November in Tokyo. 12 finalists were selected. Four of the 12 finalists will get the chance to produce prototypes of their winning designs with assistance from world-famous engineer and architect Arthur Huang, game designer Robin ... (more)