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Tokyo Brief東 京 ブ リ ー フJapan's day, wrapped and delivered by morning.

Japan Corporate Strategy

Medium-term plans, capital spending, new plants, products and drug approvals from Japanese companies.

  1. Nittoku adds ¥10.2bn humanoid-robot motor order, lifting project total to ¥18.4bn

    Nittoku has won a further order of about ¥10.2bn for humanoid-robot motor production equipment destined for North America, taking the project to about ¥18.4bn, with all revenue due from the year to March 2028.

  2. Daiichi Life raises domestic equity sales plan to about ¥900bn as higher rates cut solvency ratio

    Higher yields are widening the investment spread at Daiichi Life Group's main insurer, but the group's solvency ratio slipped to about 211% on surrender risk, and its full-year domestic equity sales estimate rose to about ¥900bn.

  3. Eisai launches self-injected Leqembi pen in Japan at ¥27,141 a pen

    Eisai and Biogen launched a self-injectable weekly Leqembi pen in Japan at a listed ¥27,141 per pen, with first doses still given at a medical facility, MRI monitoring unchanged and Eisai's guidance untouched.

  4. NHK Spring plans ¥15bn Thai building for disk-drive suspensions, due December 2027

    NHK Spring plans a roughly ¥15bn building at its Thai Welgrow plant for disk-drive suspensions, due December 2027 and outside its ¥15.4bn segment capex budget, in a half-year when the unit's sales rose 27.0%.

  5. freee's paid AI agents for accounting firms reach 550 adopters in two months

    More than 550 accounting firms had decided to adopt freee's paid AI agents about two months after launch, but the company gives no revenue figure for them or for its new same-day invoice financing.

  6. Renova locks in a 25-year Tokyo Gas contract for a wind farm still under construction

    Renova has contracted all output of its 54.6MW Kumamoto wind project to Tokyo Gas for 25 years at above the feed-in tariff, though the price is undisclosed and the plant is not yet running.

  7. Yokowo adds about ¥7.0bn to chip-test capacity plan, lifting total to ¥15.1bn

    Yokowo's board approved about ¥7.0bn of extra investment in probes and test sockets, taking its capacity plan to about ¥15.1bn, with a second Vietnam building due in February 2028 and the first brought forward to October 2027.

  8. Mitsui Kinzoku commits ¥190bn to a Malaysian copper-foil plant, with output phased in from April 2031

    Mitsui Kinzoku will spend about ¥190bn on a Malaysian plant for MicroThin and VSP copper foil, funded from cash and borrowings, with staged start-up from April 2031, as it also lifts its dividend target to 4.0% of equity.

  9. Marui plans a second card fee rise, to as much as 19.8%, as funding costs climb

    Marui Group plans a second revision of its installment and revolving fee rate, to between 18.0% and 19.8% in the year to March 2028 after an October 2025 rise to 18.0%, as interest expense rose to ¥4.3bn in the half; timing is undecided.

  10. Japan Engine finishes first hydrogen-fuel ship engine, shipment set for January

    Japan Engine finished its first commercial hydrogen-fuel marine engine in September 2026 and plans to ship it in January, though building it dented interim engine sales while repair and parts income drove a raised full-year forecast.

  11. Honda decides on US$3bn Ohio plant to lift North American car capacity

    Honda's planned Ohio plant, built for up to 240,000 cars a year and targeted to start in 2029, would raise its North American capacity from 1.67 million to 1.91 million units; the company calls the near-term earnings effect minor.

  12. Kawasaki Heavy opens 30MW hydrogen turbine at RWE's German plant, with testing still to come

    A Kawasaki Heavy Industries turbine that can run on 0% to 100% hydrogen is now installed at RWE's Emsland plant, but the emissions, durability and operability checks that would prove it still lie ahead.

  13. Rohm aims to bring SiC breakeven forward a year as server sales jump

    Rohm's interim briefing moves its silicon carbide breakeven target forward by a year, while first-half server sales rose about 66% and full-year operating profit guidance stands at ¥50bn.

  14. Nippon Paper will not restart Yatsushiro's graphic-paper and pulp lines after earthquake damage

    Three idle Yatsushiro paper machines will not restart after earthquake damage, Nippon Paper decided, while the mill's household-paper project is under review and new uses for the site are being studied.

  15. Keisei applies for 14.1% fare rise from March 2028, with student passes held

    Keisei Electric Railway has applied to the transport minister to lift fares 14.1% from March 2028 while holding student passes, scrapping the barrier-free fee and still showing a ¥8.18bn average loss under its own method.

  16. Toyota creates robotics and education units and splits India-Middle East from East Asia in January reshuffle

    Toyota will set up a robotics unit under its production chief and an education division led by its chairman from January 1, 2027, and replace regional heads in North America, China and Asia.

  17. PeptiDream to receive Phase 1 milestone fee from MSD, amount undisclosed

    MSD has begun a Phase 1 trial of a PDPS-derived peptide candidate for inflammatory disease, and PeptiDream expects to book an undisclosed milestone fee as fourth-quarter revenue, already within its full-year forecast.

  18. Mitsubishi Chemical Group keeps Kagawa carbon materials as other suppliers' feedstock makes carbon fiber targets hard to reach

    Mitsubishi Chemical Group has cancelled its exit from needle coke and pitch coke at Kagawa after finding it difficult to reach its carbon fiber targets with other companies' feedstock; production pauses in the business year beginning April 2027, with a restart expected a year later.

  19. K Line sets ¥700bn–800bn shareholder-return plan and 15% ROE goal for 2031

    Kawasaki Kisen's five-year plan splits ¥700bn to ¥800bn in shareholder returns between a ¥120-a-share dividend worth ¥350bn and a flexible ¥350bn to ¥450bn, alongside a company-wide ROE target of 15% or more for 2031.

  20. Hitachi Energy lifts 2030 margin ambition to 19–21% as backlog passes $65bn

    Hitachi Energy's investor-day decks put first-half sales at $11.0bn and backlog above $65bn, and lift the 2030 adjusted EBITA margin ambition to 19–21%, backed by a $9bn capacity programme and a data-centre order push.

  21. Loadstar launches first security-token project but books no revenue from it

    Loadstar Capital's first real-estate security token, a ¥3.83bn Yokohama hotel offering launched in August, is treated as a financing and added no nine-month revenue, while net profit fell 12.2% and assets under management passed ¥200bn.

  22. Nippon Kodoshi approves ¥15bn Yonago line for AI-server capacitor separators

    Nippon Kodoshi will invest about ¥15bn in a new Yonago line, raising separator capacity to roughly 1.3 times the current level for AI-server and data-centre demand, with operation planned from December 2028.

  23. JR Central plans to lift Nozomi charge to ¥1,020 on Tokyo-Osaka run from July 2027

    Central Japan Railway plans to lift the Nozomi charge to its approved ceiling in July 2027 and revise Green car charges in December 2027, estimating ¥50bn to ¥60bn a year in extra revenue.

  24. Ibiden commits about ¥151bn to AI-server substrate capacity, with output starting in fiscal 2029

    Ibiden's board approved about ¥151bn of planned spending, centred on its Ogaki site in Gifu, to expand IC package substrates for CPUs, with sequential start-up and mass production planned from fiscal 2029.

Japan Corporate Strategy News: Plans, Investment, Products