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The Ministry of Land, Infrastructure, Transport and Tourism decided to establish a study group of experts to investigate the cause and prevent the recurrence of the construction failure found in buildings nationwide built by “Leopalace 21”, a major rental real estate company. Among the 1,300 buildings built by Leopalace 21, deficiencies were found, such as refractory construction and sound insulation that did not meet the required standards, leading to 7,700 people living in these high-risk buildings being...

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All Nippon Airways and Japan Airlines will significantly reduce special charges called “fuel surcharges” for fares on international flights issued in April and May this year. As a result of the decline in crude oil prices, routes to North America and Europe will be reduced by more than 10,000 yen each way. The fuel surcharge is a special charge that airlines add to international fares according to the fuel price of aircraft, reviewed every two months....

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Wood Station (Chiba City) launches “large panel production partner association”. The inauguration ceremony will be held on February 21. As a countermeasure to the shortage of craftsmen, the company said that it is urgent to make wooden construction prefabricated, and has asked timber businesses in various parts of Japan to participate in the “large panel production partnership” and has promoted nationwide deployment. Currently, there are 54 total members and 32 regular members. The latter will have...

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The Fujisawa SST Council is serving as a representative secretary for a project by Mitsui Fudosan Residential (Chuo-ku, Tokyo) and Panasonic (Kadoma-shi, Osaka Prefecture) which focuses on a new model of housing in Fujisawa Sustainable Smart Town (Fujisawa SST), the “future Co-Creation FINECOURT II”.   The prototype was developed on the concept of “a house that can become beautiful naturally as you live in it” based on a survey that shows as a result that “free time at home is highly beneficial for your...

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“Rakuten Market” is now aiming to unify the postage system which is different for each store. Rakuten President Hiroshi Mikitani expressed this on Jan. 30th at an event for stores.  In the Rakuten Ichiba, the shipping cost of each item is left to the judgment of each store, and it also goes according to each store in which cases the shopper is charged or when the shipping is free after a certain amount of purchase.  On...

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In April, Chubu Electric Power’s Vice President Onoda assumed office as president of the company that TEPCO and Chubu Electric Power Co. ‘s thermal power generation department integrated and formed, and they expressed willingness to supply affordable electricity at the press conference. Tokyo Electric Power Company and Chubu Electric Power Company have gradually shifted the thermal power generation division to “JERA” jointly established in 2015. After the completion of the integration in April, the thermal...

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Due to the growing demand for cosmetics made in Japan, “Shiseido” decided to build a new factory in Fukuoka Prefecture and decided to strengthen its production capacity. According to the announcement, Shiseido will newly construct a factory that produces skin care related cosmetics such as lotion, etc. in Kurume City, Fukuoka Prefecture. The site area is approximately 100,000 square meters, and construction starts next year, aiming for operation during FY 2021. The investment plan ranges...

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Major electronics manufacturer Mitsubishi Electric registered a 13% decrease in profit compared to the same period in the previous year due to a decline in smartphone-related equipment investment in China reported in the nine-month settlement to December last year. According to Mitsubishi Electric’s announcement on April 4 last year from April to December, the group’s sales increased by 2.4% compared with the same period in the previous year to 3, 264.1 billion yen, but the...

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Nomura Holdings, the largest securities company, officially announced that it will acquire Orion beer headquartered in Okinawa Prefecture in collaboration with an investment fund in the United States. The Orion side also agreed with the acquisition, and it is said that the management team will make a part of the investment, and it is their policy to strengthen overseas development and such in the future. According to the announcement, Nomura Holdings and American investment fund Carlyle...

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Nissan Motor President Hiroto Saikawa stated that “Nissan’s past responsibilities and my responsibilities that led to these circumstances are naturally heavy” in regards to Nissan’s charges for violating the Financial Instruments and Trading Law. In addition, as for future actions, “While the company is facing a lot of very difficult situations, I would like to think about focusing on fulfilling my duties and then taking responsibility for it”.