This page is the news announced by NHK, a representative TV station in Japan.

Economic news(2023/05/12)


Kyoto   Hakone

Kansai Electric Power Summary of measures to prevent recurrence due to unauthorized viewing of customer information

2023-05-12 22:31:00
Kansai Electric Power's employees illegally browsed the customer information of competitors through a subsidiary company. We have announced that we will reduce the compensation of 11 executives.

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Kioxia's financial results for the last fiscal year ended in a deficit of 130 billion yen

2023-05-12 21:15:00
Kioxia Holdings, one of the world's leading manufacturers of memory semiconductors, posted a deficit of 130 billion yen for the last fiscal year due to factors such as a reduction in corporate IT investment.

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Restaurant chain Colowide's final deficit last year

2023-05-12 21:02:00
Colowide, a restaurant chain that operates izakaya (Japanese-style pubs) and yakiniku (grilled meat) restaurants, posted a final loss last fiscal year due to rising costs of ingredients and losses associated with the closure of some stores.

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Small fluctuations in the yen exchange rate

2023-05-12 19:40:00
On the 12th, the Tokyo foreign exchange market and the yen exchange rate moved slightly.

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SBI Shinsei Bank Adjusts for delisting Aiming for agreement to repay public funds

2023-05-12 19:08:00
SBI Holdings, a major Internet finance company, has made a tender offer for TOB = shares of its subsidiary, SBI Shinsei Bank, and has begun adjustments to delist it. By the end of June 2025, we aim to reach an agreement on a specific mechanism for the repayment of public funds with the Deposit Insurance Corporation of Japan, which is a major shareholder.

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G7 Finance Ministers and Central Bank Governors Meeting Coordinates toward Agreement on Strengthening Supply Chains

2023-05-12 18:46:00
On the second day of the G7 = finance ministers and central bank governors meeting of seven major countries held in Niigata City, on the 12th, an expanded meeting was held with the participation of emerging and developing countries, and the supply chain = strengthening the supply network. Coordination was advanced toward reaching an agreement to launch a new framework for restructuring by the end of the year.

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Last year's financial results for the entire Toshiba Group operating income decreased by about 30% year-on-year

2023-05-12 18:30:00
Toshiba announced last year's financial results for the entire group, which showed that operating profit decreased by about 30% compared to the previous year. The main factor was the impact of the reduction in corporate IT investment.

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Japan Display's financial results for the previous fiscal year ended with a deficit of 25.8 billion yen

2023-05-12 18:27:00
Liquid crystal panel maker Japan Display posted a deficit of 25.8 billion yen in its financial results for the last fiscal year due to sluggish sales for smartphones. The final deficit is the 9th consecutive year.

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Earnings announcement peak for TSE listed companies

2023-05-12 18:24:00
Last year's earnings announcements by companies listed on the Tokyo Stock Exchange peaked on the 12th. More than half of the companies that have announced full-year financial results so far have increased profits, but there are some companies that have decreased profits due to the impact of rising raw material prices, and the situation is divided.

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Rakuten G Financial results for January to March Final profit and loss of 82.5 billion yen Deficit base station costs

2023-05-12 18:16:00
The Rakuten Group announced that the final profit and loss for the period from January to March was 82.5 billion yen, which was the fourth consecutive year of losses at this time. A major factor was the increase in the cost of constructing base stations in the mobile phone business.

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Appliances Balmuda withdraws from the smartphone business Difficult to develop even after 2 years of entry

2023-05-12 18:06:00
Emerging home appliance maker "Balmuda" has announced that it will terminate the business of smartphone terminals that it entered as a year old. Soaring raw material prices made it difficult to develop the next model, and we were forced to withdraw from the market just two years after announcing our entry into the market.

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Taisei Corporation apologizes for false report and rework of high-rise building in Sapporo

2023-05-12 18:05:00
In the construction of a high-rise building under construction in the center of Sapporo, Taisei Corporation, a major general contractor, was found to have inaccurate steel frames and false reports to the ordering party, and the construction had to be redone. I would like to review the system and do my best to restore trust."

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Earnings announcement peak for TSE listed companies

2023-05-12 17:09:00
Last year's earnings announcements by companies listed on the Tokyo Stock Exchange peaked on the 12th. More than half of the companies that have announced full-year financial results so far have increased profits, but there are some companies that have decreased profits due to factors such as rising raw material prices.

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Electricity rate hikes by 7 major electric power companies Consumer commission summarizes opinion

2023-05-12 17:03:00
The Consumer Affairs Commission compiled a statement of opinion regarding the electricity rate hikes filed by seven major electric power companies with the government, and provided consumers with measures to prevent a recurrence of a series of problems, including suspicions of a cartel and unauthorized viewing of customer information. I asked the business operator to explain the measures.

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Rakuten G Financial results for January to March Final profit and loss of 82.5 billion yen Deficit base station costs

2023-05-12 16:53:00
The Rakuten Group announced that the final profit and loss for the period from January to March was 82.5 billion yen, which was the fourth consecutive year of losses at this time. A major factor was the increase in the cost of constructing base stations in the mobile phone business.

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[Easy-to-understand] What is the U.S. debt ceiling problem?

2023-05-12 16:33:00
Talks between President Biden and opposition parties scheduled for the 12th over raising the US debt ceiling will be postponed to next week. President Biden has said that depending on how the talks go, he may stay in the United States and not visit Japan at the G7 Hiroshima Summit, which opens next week, and attention is being paid to the outcome of the negotiations. What is this problem with the US debt ceiling? What will happen if Congress does not approve and default = default? I will explain it in an easy-to-understand manner.

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A market where two snakes stare at each other The whereabouts of a dangerous game

2023-05-12 16:29:00
New York's financial markets are now trembling under the gaze of two snakes. like a frog. The first snake is a hedge fund that expects stock prices to fall through a technique called "short selling" based on bank failures. The other snake is the Washington politicians who are partisan while holding the national debt hostage over the US debt ceiling. Both play a perilous 'game' and one misstep can wreak havoc on the market. How is this game going? (Daisuke Ezaki, American General Bureau Reporter)

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About 2.15 million people's vehicle location information, etc. can be viewed externally for about 10 years

2023-05-12 16:28:00
Toyota Motor Corporation is a service that allows you to remotely check the status of your vehicle by connecting it to the Internet and to report an emergency. Vehicle location information for approximately 2.15 million users can be viewed externally for approximately 10 years. announced the condition.

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Stock prices rise Buy orders for stocks with strong performance to the level for the first time in about a year and a half

2023-05-12 16:26:00
On the Tokyo stock market on the 12th, stocks of companies with good business performance were bought, and the stock price rose.

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Rakuten G Financial results for January to March Final profit and loss of 82.5 billion yen Deficit base station costs

2023-05-12 16:10:00
The final profit and loss for the period from January to March announced by the Rakuten Group was 82.5 billion yen, which was the fourth consecutive year of deficits at this time. A major factor was the increase in the cost of constructing base stations in the mobile phone business. In addition, we aim to reduce the capital investment for base stations of approximately 300 billion yen planned for this year to approximately 200 billion yen, aiming to reduce 300 billion yen over the next three years. On the other hand, we have announced that we will transfer all the shares we hold in major supermarket Seiyu Holdings, which we invested in in 2021, to investment fund KKR.

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SBI Shinsei Bank to consider repayment of public funds due to delisting

2023-05-12 15:33:00
SBI Holdings, a major Internet finance company, has made a tender offer for TOB = shares of its subsidiary, SBI Shinsei Bank, and has begun adjustments to delist it. SBI Shinsei Bank's predecessors were the bankruptcy of the former LTCB and the Long-Term Credit Bank of Japan. In order to repay public funds while being listed, it is necessary to raise the stock price to 7450 yen, which is about three times the current price, and we would like to consider repaying public funds by delisting.

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Establishing a new company for commercialization of NTT “IOWN” Aiming to acquire global standard for 6G

2023-05-12 15:29:00
NTT will establish a new company to commercialize the next-generation communication network called "IOWN", which is under development, aiming for sales of 200 billion yen in 2030.

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G7 Finance Ministers and Central Bank Governors Meeting 2nd day discusses strengthening financial system

2023-05-12 15:05:00
The second day of the G7 (7 major countries' finance ministers and central bank governors' meeting) held in Niigata City has been held, and discussions are being held on themes such as strengthening the financial system.

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Mizuho to review housing loan business to strengthen profitability through asset management business, etc.

2023-05-12 14:44:00
Mizuho Bank will review its strategy to expand the scale of its housing loan business, which is facing an increasingly severe earnings environment, while promoting efficiency. As a result, the housing loan business is expected to shrink further, but our policy is to allocate management resources to businesses such as asset management, which are expected to grow further, and to strengthen profitability.

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Establishing a new company for commercialization of NTT “IOWN” Aiming to acquire global standard for 6G

2023-05-12 14:42:00
NTT will establish a new company to commercialize the next-generation communication network called "IOWN", which is under development, aiming for sales of 200 billion yen in 2030.

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Rakuten G Mikitani President "Maintenance of mobile base station, postponement of own construction plan"

2023-05-12 13:48:00
Rakuten Group President Hiroshi Mikitani has revealed that he will postpone his own construction plan for the development of base stations promoted by mobile phone companies under its umbrella.

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Self-driving "Level 4" to start operation on public roads Nation's first Fukui Eiheiji Town

2023-05-12 13:33:00
A car running in Eiheiji Town, Fukui Prefecture, which had been approved by the government as a "Level 4" vehicle that performs fully automated driving under certain conditions, has also obtained permission from the Public Safety Commission of Fukui Prefecture, and this month. From the end of the year, it will start operating on public roads for the first time in the country.

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Stock prices rise Buy orders for stocks that have announced results that exceed market expectations

2023-05-12 12:29:00
On the Tokyo stock market on the 12th, stocks of companies with good business performance are bought, and the Nikkei Stock Average rises.

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“Twitter company hires new CEO,” Musk posts

2023-05-12 07:11:00
American entrepreneur Elon Musk has announced on his Twitter account that he has hired a new CEO for the company that operates Twitter. The new CEO is said to be a woman, but her name has not been revealed, and there is interest in what kind of person she is.

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NY Dow temporarily drops over $ 400 due to concerns about bank management deterioration

2023-05-12 06:18:00
On the 11th, the New York stock market saw an increase in selling orders due to concerns about the economic downturn due to deterioration in the management of American banks, and the Dow Average stock price temporarily dropped above $ 400.

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G7 finance ministers and central bank governors unite on support for Ukraine

2023-05-12 05:01:00
The G7 = Finance Ministers and Central Bank Governors Meeting of seven major countries opened in Niigata City on the 11th. During the first day's discussions, we confirmed that we will continue to support Ukraine and that we will work together to increase the effectiveness of economic sanctions against Russia.

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Kyoto   Mt.Fuji


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