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Tokyo, July 29, 2014 - (JCN Newswire) - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2014. Consolidated operating income for the fiscal first quarter (April 1, 2014 through June 30, 2014) amounted to 198.0 billion yen, an increase of 7.1% compared to the same period last year, due to profit-increasing factors including an increase in automobile sales in Japan and Asia resulting from the positive effect of new model introductions and full model changes as well as the positive effect of cost reduction efforts. This was despite profit-reducing factors such as an increase in selling, general and administrative (SG&A) expenses, an increase in depreciation expenses related to the start-up of new production plants and unfavorable currency effects. Consolidated income before income taxes for the fiscal first ... (more)

MHPS to Merge with Babcock-Hitachi In Aim to Bring Enhanced Speed to Business Management

Yokohama, Japan, July 29, 2014 - (JCN Newswire) - Effective October 1, Mitsubishi Hitachi Power Systems, Ltd. (MHPS) will integrate with Babcock-Hitachi K.K. (BHK), a Yokohama-based group company handling boilers and air quality control systems (AQCS). The aim of the merger is to bring enhanced speed to business management and achieve greater efficiency and cost competitiveness in order to more swiftly and securely realize synergy merits from the business integration in February 2014 of Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd. Also effective October 1, Mitsubishi... (more)

NEC and the Mexican Space Agency Collaborate in Satellite Development

Tokyo, July 29, 2014 - (JCN Newswire) - NEC Corporation (NEC; TSE: 6701) and the Mexican Space Agency (AEM), under the jurisdiction of the Ministry of Communications and Transportation (SCT), have signed a Memorandum of Understanding for the development of advanced satellites. The document was signed by the Managing Director of the AEM (Agencia Espacial Mexicana), Dr. Francisco Javier Mendieta Jimenez and by Dr. Nobuhiro Endo, President of NEC Corporation, aiming to strengthen the Earth Observation (EO) and climate change monitoring, global navigation and global positioning syste... (more)

Mitsubishi Corporation Enters Sea Port Terminal Business in Colombia

Tokyo, July 28, 2014 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce its entry into the sea port terminal business in Santa Marta, Colombia. MC joins forces with Daabon Group1, which develops sea port terminal business activities along Colombia's Caribbean Coast, to establish a port holding company in Santa Marta. MC will participate in the joint venture with a 25% shareholding. Located on the Caribbean Sea, the Port of Santa Marta is a multi-functional terminal which mainly handles coal, fuel oil and palm oil, as well as container cargo, grain and general c... (more)

Fujitsu Enhances Suite of Private Cloud Platform Products with Support for OpenStack

Using open cloud technology to deliver optimized cloud environments to customers Tokyo, May 21, 2014 - (JCN Newswire) - Fujitsu today announced that it is offering private cloud products and services that support OpenStack, the open cloud environment, to meet diverse customer cloud needs in the era of cloud computing. To support an open cloud environment, Fujitsu is offering a private cloud platform product based on OpenStack technology and an integrated service catalog management portal product for hybrid cloud environments that combine private and public clouds. The company is ... (more)