period ending in March 2031 (FY 2030), which sets an FY 2030 operating profit goal of JPY 17 billion, more than two-fold from its FY 2025 outlook. In its automotive engine bearing business, the company will reorganize its production system and strengthen collaboration with partner companies outside Japan to increase its market share even if demand decreases in the future. In its aluminum die-cast business, Daido Metal aims to improve its business...

News  Updated at: 2025/05/15

of a little less than 4%, and sales relating to electric-vehicles (EVs) to a little over JPY 40 billion. Meidensha will focus on the development of new products and technical development, while setting conservative targets based on a slowdown in the shift to electric vehicles and sluggish sales of Japanese automakers in China. The company will supply products such as inverters for Japanese automaker’s new electric vehicle model, and actively m...

News  Updated at: 2025/05/15

Basemark, Finland operations in Japan for automotive augmented reality business On May 14, Basemark appointed Excalibur Inc. as its authorized agent for the Japanese market. Excalibur Inc. is a business development and engineering consultancy that brings deep industry knowledge and strong networks within the Japanese automotive sector, particularly through multiple development engagements with Toyota and Denso. The automotive AR (augmented realit...

News  Updated at: 2025/05/14

ing engineering costs and aims to reduce the workforce's average cost per hour by 20%. It will reduce parts complexity by 70% and the number of platforms from 13 to 7 by FY2035. Redefined market & product strategy optimized for each market: The market-specific approach will be positioning the U.S., Japan, China, Europe, Middle East and Mexico as key markets and adopt a customized approach to other markets. In North America, the company will focus...

News  Updated at: 2025/05/14

NSK to make NSK Steering & Control consolidated subsidiary NSK Ltd. (NSK) announced that it will conclude a share purchase agreement with Japan Industrial Solutions III Investment Limited Partnership (JIS) to acquire shares of NSK Steering & Control, Inc. (NS&C), currently an equity-method affiliate of NSK. As a result of the share acquisition, NS&C and its subsidiary, NSK Steering Systems Co., Ltd., will become consolidated subsidiaries of NSK. ...

News  Updated at: 2025/05/14

Japanese OEM’s concerns deepen over impact from U.S. Trump tariffs Some confusion has arisen among Japanese automakers, which have been unable to fully comprehend the impact of the U.S. Trump administration’s tariff policy. While automakers intend to closely monitor tariff negotiations between the U.S. and Japan, it is difficult to predict details of agreement and make reasonable calculations for the future due to constant changes in the U.S....

News  Updated at: 2025/05/14

JFE Holdings announces mid-term business plan through FY 2027 JFE Holdings, Inc. (JFE Holdings) announced its eighth three-year mid-term business plan and long-term vision, which includes the restructuring of its main steel business. It is also planned that JFE Steel Corporation (JFE Steel) will suspend one of its blast furnaces at its West Japan Works Fukuyama (Fukuyama City, Hiroshima Prefecture) in the fiscal year that ends in March 2028 (FY 2...

News  Updated at: 2025/05/14

S.RIDE, Japan partners with UK-based Wayve to collect driving data from public roads On May 12, S.RIDE Inc., the company behind the taxi app “S.RIDE”, entered a partnership with Wayve Technologies Ltd. As Wayve’s Data Collection Partner, S.RIDE will support the training of Wayve’s AI models for driver assistance and autonomous driving by collecting public road data in Japan, primarily in the Greater Tokyo Area. This includes data on traff...

News  Updated at: 2025/05/13

kforce of its group companies by 10,000 by the end of FY2025 to achieve its profit improvement targets being promoted as part of its group management reform. Primarily from the Life sector, including home appliances, and the Industrial sector, the company expects to reduce the workforce by 5,000 in Japan and 5,000 overseas. It said the job cuts will not affect the Energy sector, which sells automotive batteries. Even during the January-March peri...

News  Updated at: 2025/05/13

Nyle reports reduced use of vehicles as measure against high gasoline prices Gasoline prices have remained at high levels since Russia’s military invasion of Ukraine. According to a gasoline cost survey by Nyle Inc. (Nyle), a company that is engaged in automotive rental services, about 60% of the people who participated in the survey in Japan have been taking measures such as a reduced use of vehicles. While crude oil prices have been declining...

News  Updated at: 2025/05/12

Mazda to adopt Tesla’s NACS connectors for BEVs in Japan from 2027 On May 9, Mazda Motor Corp. announced an agreement was reached with Tesla, Inc. to adopt the North American Charging Standard (NACS) for charging ports on the company’s battery electric vehicles (BEV) launched in Japan from 2027 onward. Mazda adopted NACS to provide customers access to Tesla Superchargers across Japan. Mazda BEVs will be compatible with other charging standard...

News  Updated at: 2025/05/10

NDR Auto Components, India to form 50:50 JV with Hayashi Telempu for auto components manufacturing On May 9, NDR Auto Components Limited announced that its board of directors has approved entering into a joint venture agreement with Japan-based Hayashi Telempu. The JV aims to manufacture a range of automotive components, including ambient lighting systems, carpets, dash inners, rear shades, and tonneau covers. The proposed JV company will be inco...

News  Updated at: 2025/05/09

ss is becoming uncertain due to the U.S. Trump administration’s high tariff policy. Since the automaker’s sales almost evenly depend on major regions in the world, its business foundation will not be immediately affected. However, about half of new Toyota cars sold in the U.S. are imported from Japan and other countries, and impact from a 25% additional automotive tariff cannot be negligible. On May 8, Toyota’s Executive Vice President Yoic...

News  Updated at: 2025/05/09

n semiconductors and software while expanding its IoT and data-related product portfolios, including displays and driver monitoring systems (DMSs). The company aims to become a leading supplier of in-cabin products, including smart cockpits, and is also considering mergers and acquisitions (M&A) of Japanese and other companies to complement necessary technologies. President of Harman International Japan, Takuma Kuwahara, explained the policy at t...

News  Updated at: 2025/05/09

d a limited lineup. Mitsubishi executives said they currently have an inventory of 100 days of supply on hand in the U.S. and have even held shipments at ports as its sells down that inventory. Mitsubishi imports its Eclipse Cross, Outlander and Outlander Sport crossovers to the U.S. from plants in Japan and its Mirage subcompact from Laemchabang, Thailand. Earlier this week, Mitsubishi announced it would receive a new EV for sale in the U.S. fro...

News  Updated at: 2025/05/09

Japan’s Economic Revitalization Minister Akazawa aiming to reach early U.S. tariff agreement On May 7, Japan’s Liberal Democratic Party held a headquarters meeting to discuss measures against additional U.S. tariffs imposed by the Trump administration. Mr. Ryosei Akazawa, the Japanese Minister in charge of Economic Revitalization who negotiated with the U.S. officials including the Secretary of the Treasury Scott Bessent on May 2, explained t...

News  Updated at: 2025/05/08

Hokkaido Valley Vision Council established to promote Rapidus ripple effect On May 7, Hokkaido Valley Vision Council consisting of members from the industry, academia and government in Hokkaido was established to promote the benefits of the expansion Rapidus Corporation (Rapidus, Chiyoda Ward, Tokyo), which aims to manufacture next-generation semiconductors in Japan and branched out into the Hokkaido region. The Council aims to have 340 semicondu...

News  Updated at: 2025/05/08

s are loaded in a vehicle carrier vessel, and so the port fee ranging from USD 900,000 to UDS 1.05 million will need to be paid. Shipping agents pay port fees, but it is possible that increased port fees will be passed on to freight charges, and expenses borne by automakers who export vehicles from Japan and other countries to the U.S. are likely to increase. (From an article in the Nikkan Jidosha Shimbun on May 7, 2025)...

News  Updated at: 2025/05/07

FY 2024 production volume of rolled aluminum products in Japan decreases by 0.6% y/y According the Japan Aluminium Association, production volume of rolled aluminum products in Japan for the fiscal year that ended in March 2025 (FY 2024) decreased by 0.6% year-over-year (y/y) to 1,664,203 tons for the third year in a row. While aluminum board production slightly increased, the total production volume decreased due to sluggish production of exclud...

News  Updated at: 2025/05/07

NEXTY Electronics, Japan joins Scalable Open Architecture for Embedded Edge (SOAFEE) On April 30, NEXTY Electronics, an electronics trading company within the Toyota Tsusho Group, joined the SOAFEE Special Interest Group (SIG). It will support open and scalable architecture for the future of smart mobility. NEXTY Electronics focuses on technologies and commercial products that meet customer and social needs in a variety of areas. It also offers o...

News  Updated at: 2025/05/06