TYO:6473

3 stories mentioning TYO:6473

Every FINWIRES story that references TYO:6473, newest first.

Market Chatter: Swiftfab Leads Japanese Supplier Alliance to Slash Battery Equipment Costs

Swiftfab Energy Systems, a joint venture established in April by nine Japanese battery-equipment suppliers, is spearheading a new modular manufacturing model, Nikkei Asia reported Wednesday, citing president Keisuke Kida.The company's approach, which Kida compares to stacking building blocks to assemble a production line, is expected to reduce total equipment costs by roughly 70% and help domestic battery makers compete with Chinese rivals, the news daily said.The founding suppliers include Hitachi (TYO:6501), Ricoh (TYO:7752), Toyota Motor-affiliated (TYO:7203) Jtekt (TYO:6473), Komatsu NTC, and Seibu Giken (TYO:6223), all members of the Battery Association for Supply Chain, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:6223TYO:6473TYO:6501TYO:7203TYO:7752

Asia18d ago

Market Chatter: Toyota Suppliers Including Denso Boost R&D Spending to Cut Reliance on Rare Earths

Six Toyota Motor (TYO:7203)-affiliated auto suppliers, including Denso (TYO:6902), plan to spend a combined 1.16 trillion yen on research and development for the fiscal year ending March 2027, Nikkei Asia reported Thursday, citing company officials.All six companies -- Denso, Aisin (TYO:7259), Toyota Boshoku (TYO:3116), Jtekt (TYO:6473), Toyoda Gosei (TYO:7282), and Aichi Steel (TYO:5482) -- have increased their R&D budgets, with all except Jtekt anticipating record-high spending levels, the report said.Denso accounts for 705 billion yen of the total, a 2% increase from the previous year, the report said, citing Denso President Shinnosuke Hayashi.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia19d ago

JTEKT Expects 5 Billion Yen Loss from Divestment of European Automotive Business

JTEKT (TYO:6473) expects to record a 5 billion yen loss as other expenses in its consolidated financial results for the fiscal year ending March 31, 2027, following the signing of a definitive agreement to transfer its European OEM automotive business.The transaction, which includes all shares of seven consolidated subsidiaries, was agreed with LEO III-VV25-B SAS, a company advised by Germany-based DUBAG Investment Advisory, and is set to be completed by the end of August, subject to regulatory approvals.All shares and equity of the target companies will be transferred at a memorandum value, reducing JTEKT's investment ratio to 0%, according to a Tokyo bourse filing.The expected loss has already been incorporated into the company's consolidated financial forecasts released on April 28.

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