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M'bishi Heavy gives up 1st Japan-made passenger jet project

File photo taken in March 2020 shows Mitsubishi Heavy Industries Ltd.'s SpaceJet test plane at Nagoya airport in Aichi Prefecture, central Japan. The company announced the termination of its plan to develop Japan's first domestically manufactured passenger jet on Feb. 7, 2023.

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M'bishi Heavy gives up 1st Japan-made passenger jet project

File photo taken in March 2020 shows Mitsubishi Heavy Industries Ltd.'s SpaceJet test plane at Nagoya airport in Aichi Prefecture, central Japan. The company announced the termination of its plan to develop Japan's first domestically manufactured passenger jet on Feb. 7, 2023.

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M'bishi Heavy gives up 1st Japan-made passenger jet project

Mitsubishi Heavy Industries Ltd. CEO Seiji Izumisawa holds a press conference in Tokyo on Feb. 7, 2023, over the company's decision to terminate its plan to develop SpaceJet, Japan's first domestically manufactured passenger jet.

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M'bishi Heavy gives up 1st Japan-made passenger jet project

Mitsubishi Heavy Industries Ltd. CEO Seiji Izumisawa holds a press conference in Tokyo on Feb. 7, 2023, over the company's decision to terminate its plan to develop SpaceJet, Japan's first domestically manufactured passenger jet.

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M'bishi UFJ Securities employee sells data of 49,000 clients

TOKYO, Japan - Mitsubishi UFJ Securities Co. Managing Director Koji Maeda (L) apologizes at a news conference in Tokyo on April 8 after its employee sold the personal data of more than 49,000 of its customers to three dealers of personal data lists.

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M'bishi Estate to become biggest shareholder in Towa Real Estate

TOKYO, Japan - Takao Aihara, president of struggling condominium builder Towa Real Estate Development Co. speaks as Mitsubishi Estate Co. President Shigeatsu Sugiura listens at a press conference in Tokyo on Dec. 29. Mitsubishi Estate will become Towa's largest shareholder under their agreement to create a strategic partnership.

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Bank of Tokyo-M'bishi UFJ integrates Thai branch with Bank of Ayudhya

BANGKOK, Thailand - Noriaki Goto, president of the Bank of Ayudhya, speaks in a ceremony in Bangkok marking the integration of the bank with the Bangkok branch of the Bank of Tokyo-Mitsubishi UFJ, its Japanese parent bank, on Jan. 5, 2015.

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M'bishi Aircraft to add 100-seat MRJ

TOKYO, Japan - Mitsubishi Aircraft Corp. President Teruaki Kawai speaks about the MRJ passenger aircraft in Tokyo on Nov. 19, 2014. The Nagoya-based company is hoping to add the 100-seat model to its Japanese-built passenger jet series. The first delivery of the MRJ is planned for 2017.

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M'bishi Chemical chief Kobayashi to become Doyukai chairman

TOKYO, Japan - Photo shows Yoshimitsu Kobayashi, president of Mitsubishi Chemical Holdings Corp., who will assume the chairmanship the Japan Association of Corporate Executives, known as Keizai Doyukai, next April. He assumed the presidency of Mitsubishi Chemical in April 2007.

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M'bishi Motors net profit surges 30% in April-Sept.

TOKYO, Japan - Mitsubishi Motors Corp. Chairman Osamu Masuko attends a press conference in Tokyo, Japan, on Oct. 29, 2014. The company said while its group net profit for the April-September period surged 30.3 percent from a year earlier to 60.89 billion yen thanks to cost-cutting efforts and the yen's depreciation, it was downgrading its sales forecast for the entire fiscal 2014 to 2.18 trillion yen from the previously projected 2.3 trillion yen.

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M'bishi Heavy to boost parts output for B787 in Shimonoseki

SHIMONOSEKI, Japan - Toru Kitamura (L), head of Mitsubishi Heavy Industries Ltd.'s Shimonoseki Shipyard & Machinery Works in Shimonoseki, Yamaguchi Prefecture, and Shimonoseki Mayor Tomoaki Nakao (R) shake hands on Aug. 18, 2014, in the western Japanese city after the Japanese heavy machinery makers and the city signed an agreement related to a plan to increase the production of wing boxes for the Boeing 787 Dreamliner at the plant.

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M'bishi Motors' production line at Okazaki plant

NAGOYA, Japan - Mitsubishi Motors Corp. shows the press a production line equipped with the latest technology at its plant in Okazaki, Aichi Prefecture, on June 16, 2014.

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M'bishi Electric new president

TOKYO, Japan - Mitsubishi Electric Corp. President Kenichiro Yamanishi (L) and Vice President Masaki Sakuyama shake hands during a press conference in Tokyo on Feb. 20, 2014. Mitsubishi Electric said Sakuyama will become company president April 1.

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Delivery of M'bishi passenger jet to be delayed

TOKYO, Japan - Mitsubishi Aircraft Corp. President Teruaki Kawai speaks during a press conference in Tokyo on Aug. 22, 2013. The company said the same day that delivery of Japan's first small passenger jet will be delayed for over a year to around the April-June quarter in 2017.

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Nissan, M'bishi Motors jointly develop minicar

TOKYO, Japan - Toshiyuki Shiga, chief operating officer of Nissan Motor Co., stands beside the company's DAYZ, a minivehicle jointly developed by Nissan and Mitsubishi Motors Corp., in Tokyo on June 6, 2013. The two automakers started selling the new vehicle the same day in Japan under the brand name of DAYZ by Nissan and eK Wagon by Mitsubishi Motors.

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Nissan, M'bishi Motors jointly develop minicar

TOKYO, Japan - Photo taken in Tokyo on June 6, 2013, shows Nissan Motor Co.'s DAYZ, a minivehicle jointly developed by Nissan and Mitsubishi Motors Corp. The two automakers started selling the new vehicle the same day in Japan under the brand name of DAYZ by Nissan and eK Wagon by Mitsubishi Motors.

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Nissan, M'bishi start manufacturing jointly developed minicar

KURASHIKI, Japan - Toshiyuki Shiga (L), chief operating officer of Nissan Motor Co., and Osamu Masuko, president of Mitsubishi Motors Corp., shake hands during a press conference in Kurashiki, Okayama Prefecture, on May 20, 2013. The two automakers started manufacturing the same day a jointly developed minivehicle that will be introduced on June 6 across Japan.

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M'bishi Electric overcharged Defense Ministry

TOKYO, Japan - Mitsubishi Electric Corp. President Kenichiro Yamanishi (C) and other company officials bow in apology at a press conference in Tokyo on Dec. 21, 2012. Mitsubishi Electric, one of Japan's leading defense contractors, said the firm and three subsidiaries overcharged the Defense Ministry and others by around 37.4 billion yen on defense-related contracts.

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M'bishi Heavy chief Omiya

TOKYO, Japan - Hideaki Omiya, president of Mitsubishi Heavy Industries Ltd., is interviewed by Kyodo News in Tokyo on Dec. 11, 2012. Omiya showed a positive attitude about integrating the company's nuclear power business with that of Hitachi Ltd.

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M'bishi overcharges Defense Ministry since at least 1970

TOKYO, Japan - File photo taken Oct. 6, 2012, shows a building in Tokyo that houses the headquarters of Mitsubishi Electric Corp. The company has overcharged the Defense Ministry and others since at least 1970 by overstating the number of actual hours spent working on projects, an investigation by the Board of Audit of Japan showed Oct. 25, 2012.

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Former M'bishi Motors chief Nakamura dies

TOKYO, Japan - File photo taken in 1997 shows Hirokazu Nakamura, former president of Mitsubishi Motors Corp. Nakamura, credited with boosting sales of its Pajero sport utility vehicles, died of multiple organ failure at his home on June 4, 2012. He was 86.

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M'bishi Electric to sell LCD TV with improved color reproduction

TOKYO, Japan - Mitsubishi Electric Corp. shows "Real Laservue" television in Tokyo on May 30, 2012. The company said it will launch in Japan the liquid crystal display television capable of producing brighter colors with a newly developed panel using a red laser light source.

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M'bishi Electric inflates fees for gov't

TOKYO, Japan - File photo taken in July 2011 shows a building housing the head office of Mitsubishi Electric Corp. in Tokyo. The company said Jan. 27, 2012, it had overcharged on projects ordered by the Defense Ministry, the Cabinet Satellite Intelligence Center and the Japan Aerospace Exploration Agency.

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M'bishi Heavy, IHI hit by cyber attacks

TOKYO, Japan - Combination photos show the main office buildings of Mitsubishi Heavy Industries Ltd. (L), Japan's largest defense contractor, and IHI Corp., which manufactures aircraft engines, in Tokyo's Minato and Koto wards, respectively. Information related to the computer network of Mitsubishi Heavy has been leaked via infected servers and computers, sources close to the matter said Sept. 20, 2011. IHI said the same day that its computer system had also come under a cyber attack.

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New M'bishi Motors minivan

TOKYO, Japan - Masuko Osamu, president of Mitsubishi Motors Corp., poses with the Delica D:2 to be launched in March. The compact minivan features a fuel-efficient engine and spacious interior.

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Next M'bishi Estate president

TOKYO, Japan - Mitsubishi Estate Co. Executive Vice President Hirotaka Sugiyama (L) and President Keiji Kimura shake hands at a press conference in Tokyo on Feb. 17, 2011. The company announced it will promote Sugiyama as its next president while Kimura will become chairman.

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M'bishi Electric talking rice cookers

TOKYO, Japan - Photo shows the NJ-XSB10J (R) and NJ-XWB10J (others) rice cookers that Mitsubishi Electric Corp. will put on sale in Japan on Feb. 1, 2011. The models without a steam outlet have a voice guidance function telling users how to make settings and when the rice will be cooked.

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Bic Camera to promote M'bishi EVs

TOKYO, Japan - Mitsubishi Motors Corp. President Osamu Masuko (L) and Bic Camera Inc. President Hiroyuki Miyajima shake hands during a ceremony at the electronics retailer's outlet in Tokyo's Yurakucho district on Nov. 9, 2010. Mitsubishi and Bic Camera inked an accord to cooperate in selling the automaker's i-MiEV electric vehicles.

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M'bishi Motors sells i-MiEV to individuals

TOKYO, Japan - A man takes a look at an i-MiEV electric vehicle at a dealership of Mitsubishi Motors Corp. in Tokyo on April 1, 2010. The Japanese automaker began selling the vehicle to individual customers the same day.

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M'bishi Motors HQ in Tokyo

TOKYO, Japan - This photo taken Dec. 3, 2009 shows the building which houses Mitsubishi Motors Corp. headquarters in Tokyo's Minato Ward. French carmaker PSA Peugeot Citroen is in talks with the Japanese automaker on a capital tie-up and cooperation in developing eco-friendly cars and vehicles for emerging economies.

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M'bishi Motors HQ in Tokyo

TOKYO, Japan - This photo taken Dec. 3, 2009 shows the building which houses Mitsubishi Motors Corp. headquarters in Tokyo's Minato Ward. French carmaker PSA Peugeot Citroen is in talks with the Japanese automaker on a capital tie-up and cooperation in developing eco-friendly cars and vehicles for emerging economies.

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M'bishi UFJ Securities imposes pay cuts on execs

TOKYO, Japan - Mitsubishi UFJ Securities Co. President Fumiyuki Akikusa (C) apologizes for an unauthorized removal of customer information, at a news conference in Tokyo on June 2. A former company employee was arrested on June 25 on suspicion of taking out client information through unauthorized access to the firm's database.

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Ex-M'bishi UFJ Securities worker arrested

TOKYO, Japan - Fumiyuki Akikusa (L), president of Mitsubishi UFJ Securities Co., bows in apology during a press conference in Tokyo on June 25 after the Financial Services Agency issued a business improvement order to the brokerage house to improve its business administration system. The order followed the arrest of a former Mitsubishi UFJ employee for taking client information.

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M'bishi Motors says EV key for Japan to stay ahead in green race

TOKYO, Japan - Mitsubishi Motors Corp. President Osamu Masuko speaks during an interview at the company headquarters in Tokyo on June 17. Masuko said electric vehicles will be the key for Japanese automakers to remain competitive in the global race for green cars.

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M'bishi UFJ Securities says 80 firms likely have leaked customer info

TOKYO, Japan - Mitsubishi UFJ Securities Co. President and CEO Fumiyuki Akikusa attends a press conference in Tokyo on April 17 where his company revealed that about 80 real estate and other firms may have secured the personal data of more than 49,000 of its customers leaked by a former employee, up from the originally announced figure of 13.

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M'bishi UFJ Securities says 80 firms likely have leaked customer info

TOKYO, Japan - Mitsubishi UFJ Securities Co. President and CEO Fumiyuki Akikusa (L) bows in apology at a press conference in Tokyo on April 17 where his company revealed that about 80 real estate and other firms may have secured the personal data of more than 49,000 of its customers leaked by a former employee, up from the originally announced figure of 13.

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M'bishi Heavy announces production of Japan's 1st passenger jet

TOKYO, Japan - Mitsubishi Heavy Industries Ltd. President Kazuo Tsukuda (L) stands besides a miniature of Japan's first passenger jet the company has formally decided to produce and is planning to launch in 2013 at its headquarters in Tokyo on March 28.

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Nagayasu to head Bank of Tokyo-M'bishi UFJ from April 1

TOKYO, Japan - Katsunori Nagayasu (R), the newly nominated president of Bank of Tokyo-Mitsubishi UFJ, Nobuo Kuroyanagi (L), the newly nominated chairman, speak to the press in Tokyo on Jan. 16 after the bank announced the top-level management change. Nagayasu is currently vice president, and Kuroyanagi the president. The two will assume their new posts on April 1.

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M'bishi Heavy to exhibit mock-up of advanced jet cabin at Paris show

TOKYO, Japan - Mitsubishi Heavy Industries Ltd. said on June 11 it will exhibit the replica of the cabin (in computer graphic image) of its next-generation small passenger aircraft at the International Paris Air Show to be held between June 18 and 24. With a new engine installed, the aircraft, dubbed the Mitsubishi Regional Jet, is expected to reduce fuel consumption and contribute to enhanced competitiveness and lower operating costs for airline companies, Japan's largest heavy machinery manufacturer said.

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Asahi Kasei may seek ethylene business merger with M'bishi Chemical

TOKYO, Japan - Asahi Kasei Corp. Shiro Hiruta speaks in a recent interview with Kyodo News. He said that the company may seek to integrate its ethylene operations with Mitsubishi Chemical Corp.'s in a bid to make the business more efficient. ''If we can do it together, it's worth doing,'' Hiruta said.

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Mitsui, M'bishi, Shell cede majority stake in Sakhalin-2 to Gazprom

TOKYO, Japan - Chief Cabinet Secretary Yasuhisa Shiozaki speaks at a press conference on Dec. 22 on a deal made by Mitsui & Co., Mitsubishi Corp. and the Royal Dutch/Shell group with Russian state-owned gas monopoly Gazprom concerning their Sakhalin-2 oil and natural gas development project. Shiozaki said, ''Since our country relies on foreign energy sources...it is important for the project to progress smoothly to provide energy stably to Japan,'' adding ''We want the Russian side to act in a responsible manner.''

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NTT DoCoMo, M'bishi Electric to recall cellphone battery packs

TOKYO, Japan - Kunio Ishikawa (R), vice president of NTT DoCoMo Inc., and Yoshifumi Ito, vice president of Mitsubishi Electric Corp., speak to reporters in Tokyo on Dec. 7 about a recall of battery packs used in Mitsubishi-made FOMA D902i cellphone handsets for NTT DoCoMo's FOMA mobile phone services.

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M'bishi Motors swings back into black for 1st time in 3 years

TOKYO, Japan - Osamu Masuko, president of Mitsubishi Motors Corp., briefs reporters on the company's earnings report for fiscal 2005 at its head office in Tokyo on April 27.

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M'bishi Motors to expand Thai plant for pickup truck production

BANGKOK, Thailand - Mitsubishi Motors Corp. President Osamu Masuko speaks in an interview with Kyodo News in Bangkon on Aug. 25. He said the company will expand its pickup truck plant in Thailand to meet an expected rise in sales in the country and exports to Europe.

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Miyazato wins 3rd of season at New Caterpillar M'bishi

HAKONE, Japan - Ai Miyazato holds up the trophy gained for her victory in the New Caterpillar Mitsubishi Ladies golf on Aug. 21 at Daihakone Country Club in Hakone, Kanagawa Prefecture.

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Miyazato takes early lead at New Caterpillar M'bishi Ladies

HAKONE, Japan - Ai Miyazato carded a flawless 7-under-par 66 to establish a one-shot lead after the first round of the New Caterpillar Mitsubishi Ladies at Daihakone Country Club on Aug. 19.

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4 ex-M'bishi Fuso directors return 100 mil. yen

TOKYO, Japan - Wilfried Porth, president of Mitsubishi Fuso Truck & Bus Corp., speaks to reporters about the successive coverups of vehicle defects at the Ministry of Land, Infrastructure and Transport in Tokyo on June 23.

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M'bishi Fuso to submit recall reports on 33 more defects

TOKYO, Japan - Wilfried Porth (L), president of Mitsubishi Fuso Truck & Bus Corp., speaks during a news conference in Tokyo on June 14 about 33 more defects in its big vehicles that will require recalls.

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Sanrio to get 20 bil. yen aid from Tokyo-M'bishi, 4 others

TOKYO, Japan - Sanrio Co. President Shintaro Tsuji (R) tells a press conference in Tokyo on Nov. 18 that the company will issue about 20 billion yen worth of new shares to the Bank of Tokyo-Mitsubishi and other firms to prop up its capital base, which has been undermined by an expected 21.9 billion yen extraordinary loss on its theme park facilities in the first half of fiscal 2004.

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M'bishi Motors group net loss hits fresh 1st-half record

TOKYO, Japan - Mitsubishi Motors Corp. President Hideyasu Tagaya briefs reporters about the company's half-year earning report in Tokyo on Nov. 8. Mitsubishi Motors' group net loss hit an all-time high of 146.16 billion yen in the April-September period.