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Kingsoft Announces 2024 Annual and Fourth Quarter Results

FINANCIAL HIGHLIGHTSRMB’000For the yearended 31 DecemberFor the 3 monthsended 31 December 2024 2023 20242023Revenue10,317,9048,533,6112,792,4782,310,135- Office software and services5,121,0754,556,5131,501,1811,285,691- Online games and others5,196,8293,977,0981,291,2971,024,444Gross Profit8,580,4767,030,3432,343,3441,896,250Operating Profit3,646,6232,226,8821,106,890714,794Profit Attributable to Owners of the Parent1,551,613483,457460,241205,435Basic Earnings Per share (RMB)1.160.360.350.15HONG KONG, Mar 19, 2025 - (ACN Newswire via SeaPRwire.com) - Kingsoft Corporation Limited (“Kingsoft” or the “Company”; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2024 annual results and fourth quarter results for the period ended 31 December 2024.For the year of 2024, the revenue of Kingsoft increased 21% year-on-year to RMB10,317.9 million. Revenue from the office software and services, and online games and others represented 50% and 50% of the Group’s total revenue for the year of 2024, respectively. Gross profit increased 22% year-on-year to RMB8,580.5 million. In 2024, the Group’s operating profit reached 3,646.6 million, a strong yea...

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TRENDE Secures JPY 1.07 Billion Investment to Expand Renewable Energy Initiatives and Strategic Partnerships

TOKYO, Mar 19, 2025 - (JCN Newswire via SeaPRwire.com) - TRENDE Inc., a leading renewable energy solutions provider in Japan, today announced the successful completion of a JPY 1.07 billion (approximately USD 7.2 million) funding round through third-party allocation. The investment round welcomes four strategic partners as new shareholders: Tokyo Century Corporation, National Federation of Agricultural Cooperative Associations (ZEN-NOH), Zen-Noh Energy Corporation, and Toshiba Infrastructure Systems & Solutions Corporation.This capital infusion will accelerate TRENDE's growth initiatives, including the expansion of its flagship solar and battery leasing service “Teraris,” and further development of its innovative peer-to-peer (P2P) energy trading platform.Masashi Nishio, CEO of TRENDE Inc., commented: “We are thrilled to welcome these esteemed companies as strategic investors and partners. Their expertise and resources will significantly enhance our ability to deliver innovative renewable energy solutions at scale. Together, we aim to accelerate Japan's transition toward a decentralized, low-carbon future.”Strategic Collaboration Highlights:Tokyo Century Corporation: TRENDE wil...

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Fujitsu and FICO partner to accelerate digital transformation in financial services

Kawasaki, Japan and Bozeman, Mont., Mar 19, 2025 - (JCN Newswire via SeaPRwire.com) - Fujitsu Limited and FICO, a global analytics software leader, today announced they have entered into a partnership to expand FICO’s solutions to Japan, with plans to extend into other financial markets. Under the partnership, Fujitsu will provide FICO® platform’s Omni-Channel Engagement Capabilities to Japanese financial institutions from July 2025, while also broadening the solution lineup and exploring opportunities for further regional expansion to support the financial industry’s digital transformation.FICO’s technologies, including predictive analytics, fraud prevention and decision management, offer high-levels of accuracy, reliability and predictive power and are utilized by hundreds of leading companies around the world. By leveraging Fujitsu's knowledge of the financial sector, technological capabilities, and customer base to accelerate the expansion of FICO’s services in Japan, the two companies will enable financial institutions to provide enhanced support to users and ensure the stability of the financial system.Through this partnership, Fujitsu will support FICO services from consulti...

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Dr. Li Chen Honored as A Leading Figure in Shanghai’s Industry and Commerce

SHANGHAI, Mar 18, 2025 - (ACN Newswire via SeaPRwire.com) - On March 17th, the highly anticipated 7th Commendation and Exchange Conference for the Leading Figures in Shanghai's Industry and Commerce was brought to a successful conclusion. Dr. Li Chen, the founder and CEO of Hua Medicine, was awarded the title of "A Leading Figure in Shanghai's Industry and Commerce" for his outstanding contributions and innovative leadership in the field of biomedicine. He also gave a speech representing the leading figures at the ceremony. (Dr. Li Chen Honored as A Leading Figure in Shanghai's Industry and Commerce)The initiative to select the leading figures in Shanghai's industry and commerce dates back to 2006. It is jointly sponsored by the Shanghai Federation of Industrial Economics and the Shanghai Federation of Economic Organizations, and jointly organized by the Shanghai General Chamber of Commerce and the Shanghai Enterprise Confederation. The selection aims to encourage industrial and commercial leaders and entrepreneurs to work hard, and make new contributions to Shanghai's cultivation and development of new quality productivity, and the acceleration of the construction of the "Five Cen...

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Mazda Announces “Lean Asset Strategy” that Realizes Electrification of Multi-Solution

HIROSHIMA, Japan, Mar 18, 2025 - (JCN Newswire via SeaPRwire.com) - Mazda Motor Corporation (Mazda) today announced its "Lean Asset Strategy", which will realize the company’s multi-solution approach for electrification.Mazda considers the period up to 2030 to be the "dawn of electrification“, and under the 2030 Management Policy, the company will promote electrification with multi-solution to flexibly respond to diversifying customer needs and environmental regulations. The "Lean Asset Strategy", announced today, is an implementation strategy to enhance Mazda's corporate value as a niche player by increasing the utilization of existing assets in the timely development, production, and market introduction of diverse products and electrification technologies.The effects of the "Lean Asset Strategy" are as follows:- The 1.5 trillion yen investment in electrification by 2030 announced in November 2022, which is expected to be around 2 trillion yen due to inflation, will be reduced to around 1.5 trillion yen in total through optimization of investments such as battery investment. Of this amount, in comparison to the assumption to procure all batteries on our own, the investment is expe...

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MHI Thermal Systems to Launch 31 Models of Residential-use Air- Conditioners for the Japanese Market in 2025

- Two types of sensors, and functions using ions and ozone, maintain comfort and cleanliness (S / SK Series)- High heating capacity ideally suited to cold regions (SK Series)- Smartphone control as standard functionality (S / SK / R / TWF Series)- Lineup of 31 models in five series delivers comfortable spaces for diverse lifestylesTOKYO, Mar 18, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries Thermal Systems, Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, will launch 31 new models of residential-use air-conditioners for the Japanese market for 2025. The new models in five series will be successively released starting April 1. The 2025 lineup comprises nine models in the Company's top-of-the-line S Series, featuring outstanding energy efficiency, functions for comfort and cleanliness, and a high Annual Performance Factor (APF), four models in the SK Series with enhanced heating capacity for use in cold regions, six models in the high-performance R Series incorporating an automatic filter cleaning function, seven models in the standard T Series, and five models in the TWF Series of T Series models with smartphone control functionality included as stand...

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JCB and First Cash Solution Partner to Help Cardmembers Unlock Seamless Payments in Germany

Tokyo, London, and Frankfurt, Mar 18, 2025 - (JCN Newswire via SeaPRwire.com) - JCB, Japan’s only international payment brand, and First Cash Solution, a leading integrated payment provider as a subsidiary of Volksbank eG – Die Gestalterbank, today announced a strategic partnership to significantly expand JCB Card acceptance throughout Germany. This collaboration has streamlined e-commerce transactions and expanded payment options for all merchants with J/Secure™ since its launch in 2024.This collaboration significantly enhances the quality of service and strengthens fraud prevention for merchants accepting JCB payments, particularly for those customer transactions originating from Asia. The implementation of J/Secure™ reinforces First Cash Solution’s commitment to providing its existing merchants with the highest level of security and a seamless payment experience for their customers.JCB Cardmembers can now enjoy an even smoother payment experience thanks to this collaboration and the implementation of this European standard. J/Secure™ has been implemented for First Cash Solution merchants accepting JCB payments. This will encompass a diverse range of merchants across various sect...

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Mitsubishi Electric Building Solutions Launches New Control Renewal Menu for Elevators Manufactured by Other Companies Overseas

TOKYO, Mar 17, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-Ku, Tokyo; President: Iwao Oda) today announced the launch scheduled for 19 March of a new overseas control renewal menu for elevators made by other companies installed in existing buildings. By developing a new control panel with an auto-tuning function, MEBS will respond to the diverse needs of its overseas customers for the renewal of control systems for elevators, while spurring the expansion of its maintenance and renewal business.*The image is for illustrative purposes only.Main Features of Renewal Menu1) Achieving control that maximizes ride comfort even with other companies' traction machines through auto-tuning- It is possible to upgrade to the latest control system by utilizing an MEBS control panel together with a traction machine made by another company.- The newly developed control panel equipped with an auto-tuning function estimates the characteristics of the other company’s traction machine and automatically derives the control parameters for the combination of the other company’s traction machine and the MEBS control panel. This el...

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Approval in Principle (AiP) for the Basic Design of a Large Ammonia-Fueled Ammonia Carrier Obtained from Classification Society

TOKYO, Mar 14, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has jointly developed a large ammonia carrier that uses ammonia as fuel, in collaboration with Mitsui O.S.K. Lines, Ltd. (MOL) and Namura Shipbuilding Co., Ltd. Approval in Principle (AiP) (Note1) for the design has been obtained from Nippon Kaiji Kyokai (ClassNK). The approval was given through ClassNK's review of basic design drawings and risk assessment (Hazard Identification Study: HAZID(Note2)) conducted by ClassNK based on the basic design. In order to respond quickly to the future demands, the design have been completed in more detail than generally required for the AiP.Currently, ammonia is mainly used as a raw material for fertilizer, and its marine transportation volume is limited. In recent years, however, ammonia has gained attention as a clean energy source because it does not emit CO2 during combustion. Its demand is expected to grow as a promising option for achieving carbon neutrality by 2050, particularly for fuel transition in power plants and as a hydrogen carrier.Mitsubishi Shipbuilding, Mitsui O.S.K. Lines, and Namura Sh...

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Toyota Launches All-New Crown Estate in Japan

TOKYO, Mar 14, 2025 - (JCN Newswire via SeaPRwire.com) - Toyota Motor Corporation (Toyota) announced that it will commence sales of its all-new Crown Estate model in Japan today.Toyota, under the concept of "making ever-better cars," has introduced TNGA(1) and the in-house company system to drive product-centered management. TNGA has enabled the company to develop a variety of vehicles based on a highly flexible platform, and the in-house company system has nurtured passionate individuals and organizations that put vehicles first and foremost. As a result, Toyota now adopts a Cluster Strategy, developing products not as individual offerings, but as a coordinated group, to meet the needs of customers.The Crown launched in 1955 celebrates its 70th anniversary with a history that has grown alongside the development of the Japanese economy. Staying true to its DNA of continuous innovation that has been passed down through past generations, the new Crown has also advanced the "making ever-better cars" ideal through TNGA and the in-house company system. In 2022, Toyota unveiled four models with different personalities, rather than just one sedan, to the world as the Crown series.Followin...

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Hokkaido Electric Power Corporation and Mitsubishi Corporation Establish a Joint Venture “Hokkaido Renewable Energy Aggregation Co., Ltd.”

TOKYO, Mar 13, 2025 - (JCN Newswire via SeaPRwire.com) - Hokkaido Electric Power Corporation and Mitsubishi Corporation are pleased to announce the launch of Hokkaido Renewable Energy Aggregation Co., Ltd. (“HRA”) for the purpose of conducting renewable energy aggregation service in Hokkaido.In order to achieve carbon neutrality, decarbonization needs among energy consumers are increasing year by year. HRA will aggregate renewable power generated in various areas within Hokkaido, and flexibly adjust to customers’ demand by utilizing market transactions and others in order to maximize the abundant renewable energy potential in Hokkaido.Through providing this service, HRA will support customers' efforts toward decarbonization, develop together with local communities, and contribute to the realization of ‘Zero Carbon Hokkaido’ by promoting local production for local consumption and maximizing the use of renewable energy in Hokkaido.Inquiry Recipient:Mitsubishi CorporationTelephone:+81-3-3210-2171 Copyright 2025 JCN Newswire via SeaPRwire.com.

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Lexus Presents the World Premiere of the New “RZ”

TOKYO, Mar 12, 2025 - (JCN Newswire via SeaPRwire.com) - Lexus introduced the new RZ, a dedicated battery EV (BEV) model, in Brussels, Belgium. The release is planned to gradually roll out across various regions beginning in fall 2025.Since introducing the RX 400h in 2005, Lexus has led the luxury market in electrification, continuously balancing outstanding driving performance with environmental responsibility. By 2024, electrified vehicles*2 accounted for a record-high 52% of our lineup. Looking ahead, we will continue to cater to the diverse needs of customers and markets by expanding the adoption of BEVs, HEVs, and PHEVs, driving progress toward a carbon-neutral society. Additionally, we are pushing the boundaries of electrification to enhance fundamental vehicle performance, revolutionize mobility through cutting-edge engineering, and enrich lifestyles with innovative services. Through these initiatives, Lexus is dedicated to delivering an unparalleled ownership experience.The new RZ features a fully redesigned BEV system, delivering increased motor output, an extended driving range, and reduced charging time. It also introduces the next-generation Steer-by-Wire System*3, prov...

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MHIET Achieves Rated Operation of a 6-Cylinder 500kW-class Hydrogen Engine Generator Set

TOKYO, Mar 12, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a part of Mitsubishi Heavy Industries (MHI) Group, has achieved rated operation (435kW/1,500min-1) using 100% hydrogen fuel in a trial run of a 500kW-class hydrogen engine generator set(1) at the company's Sagamihara Plant. Following safety and reliability evaluations, development will now accelerate toward commercialization.The demonstration test is noteworthy in its use of a hydrogen engine generator set of the type envisioned for actual commercialization, rather than the single-cylinder engine for which MHIET has already established the technology enabling stable combustion using 100% hydrogen. The generator set incorporated a 6-cylinder 500kW-class hydrogen engine newly engineered and manufactured in-house, plus auxiliary equipment with added safety features to accommodate use of hydrogen(2). The demonstration was carried out of the complete system: engine, generator and auxiliary equipment.The demonstration test confirmed stable operation using 100% hydrogen in all phases throughout the sequence of operations of a real generator set prototype, from engi...

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MOL and Fujitsu leverage AI for efficient crew replacement planning

Tokyo and Kawasaki, Japan, Mar 12, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsui O.S.K. Lines Ltd. (MOL; President & CEO: Takeshi Hashimoto) and Fujitsu Limited today announced the commencement of the operational application phase of an AI-powered optimization system for crew replacement planning. Full-scale operation is scheduled to begin as a trial in Japan in May 2025 and beyond.Shipping companies create crew replacement plans by combining various conditions, including seafarer rank, qualifications, onboard and vacation periods, ship type, and schedule. MOL previously relied on its crew planing personnel to extract conditions from individually managed databases to create these plans. This resulted in significant time being spent on adjusting crew schedules and vacation periods and on planning.The new system, which was developed by Fujitsu AI consultants, utilizes mathematical optimization techniques to support crew replacement planning by considering various complex factors. The system offers the following three key features:Meets customer needs:Plans crew assignments that meet the needs of each customer.Balances onboard and vacation periods:Ensures crew assignments that ...

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JCB Now Available on Google Play in Thailand, Indonesia, Vietnam, Philippines, and Hong Kong

TOKYO, Mar 12, 2025 - (JCN Newswire via SeaPRwire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., today announced that JCB is now available on Google Play in Thailand, Indonesia, Vietnam, the Philippines and Hong Kong.Through these years, JCB Cardmembers in Asia have experienced significant growth. In addition to the growth, JCB is committed to providing its Cardmembers with expanded accessibility across the entire payment experience, including the digital environment. JCB will continue to strive to improve the overall payment experience for all JCB Cardmembers, not just in Asia.Yoshiki Kaneko, President & CEO, JCB International Co., Ltd., said: “We are delighted to announce the expansion of the availability for using JCB on the Google Play. Google Play support has always been a key demand from JCB Cardmember community across the region and JCB is proud to be working with Google, one of the key players in the changing digital environment, to provide availability to the JCB Cardmember community.”About JCBJCB is a major global payments brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japa...

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TANAKA PRECIOUS METAL TECHNOLOGIES Develops Miniaturized Micro Profile, a Next-Generation Contact tape for Fifth-Generation Signal Relays

TOKYO, Mar 12, 2025 - (JCN Newswire via SeaPRwire.com) - TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), a company engaged in the industrial precious metals business of TANAKA, announces the development of its miniaturized micro profile tape, a next-generation contact for fifth-generation signal relays. It has achieved a minimum width of 0.2 mm, making it the smallest-sized contact tape for fifth-generation signal relays. As relays become smaller, using miniaturized micro profiles can make contacts lighter in weight and suppress bounce and chattering*1 during the opening and closing of contacts. Shipment of this product’s samples is scheduled to start in late March 2025.Miniaturized micro profile (Contact tapes)Micro profiles are ultra-small contacts used in relays and switches, which are the signal control components in electronic devices. Relays are components that take in external electrical signals and carry out the opening and closing or switching of electric circuits. They are widely used in a variety of devices, such as those for communications and facilities and consumer electronics. Contacts em...

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JCB Announced Premier Sponsorship for the 10th Edition of Sakura 2025 at Singapore’s Gardens by the Bay

SINGAPORE, Mar 11, 2025 - (JCN Newswire via SeaPRwire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand announced premier sponsorship for the 10th edition of Sakura 2025 at Singapore's Gardens by the Bay. The event was opened by Mr. Tan Kiat How, Senior Minister of State, Ministry of National Development & Ministry of Digital Development and Information, Mr. Toru Hotta, Charge d'Affaires of the Embassy of Japan in Singapore, and Mr. Felix Loh, CEO of Gardens by the Bay. JCB's sponsorship is part of its continuing efforts to support local activities and attractions. For example, in 2022, JCB sponsored Singapore's countdown event, Star Island Singapore Countdown Edition 2022-23 Presented by JCB, organised by Avex and held in the prestigious Marina Bay area.Sakura 2025 brings Japan's unique culture and beautiful architectural history to Singapore for residents and visitors from all over the world. As Singapore is a tourism hub, the seasonal highlight enhances the appeal of Gardens by the Bay and Singapore as a whole for tourists."We see Sakura 2025 as an excellent opportunity to showcase Japanese ...

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Hitachi Energy invests additional $250 million USD to address global transformer shortage

More than 40 percent of the total investment dedicated to the U.S. underpins commitment to scale up the industry to meet surging transformer demandThe U.S. investment includes hiring more than 100 people to expand domestic key component manufacturing to strengthen local supply chainBuilds on the $6 billion USD investment announced in 2024 – the largest in the industry in recent years to respond to the urgent need to upgrade power gridsZurich and Houston, Mar 11, 2025 - (JCN Newswire via SeaPRwire.com) - Hitachi Energy announced today at CERAWeek additional major investments of more than $250 million USD by 2027 to expand global production of critical components for transformers. This rapid follow-up to the recently announced $6 billion USD investment across the company portfolio reflects the escalating transformer shortage, which continues to increase.As the electrification of industries, particularly data centers and AI, drives unprecedented demand for electricity, theneed for transformers has surged beyond initial projections. To keep pace with this accelerating demand, Hitachi Energy is expanding its commitment to scale up production and strengthen supply chains in the U.S. and ...

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Eisai Recognized as “2025 Kenko Investment for Health” for the First Time and Certified as “Outstanding Organization Of Kenko Investment for Health Program (White 500)” for the Sixth Time

TOKYO, Mar 10, 2025 - (JCN Newswire via SeaPRwire.com) - Eisai Co., Ltd. announced today that it has been recognized as the 2025 KENKO Investment for Health by Japan’s Ministry of Economy, Trade, and Industry (METI) and the Tokyo Stock Exchange, for the first time as a company strategically carrying out efforts with regard to its employees' health from a management perspective. Eisai has also been certified as an Outstanding Organization of KENKO Investment for Health Program in the large enterprise category (White 500) by METI and the Nippon Kenko Kaigi for the sixth time.The Outstanding Organizations of KENKO Investment for Health Program recognizes outstanding large enterprises, and small and medium-sized enterprises engaging in efforts for health and productivity management by evaluating from a business-management perspective based on the following criteria: “management principles and policies”, “organized structure”, “implementation of systems and measures”, and “evaluation and improvement”. Among the organizations certified as Outstanding Organizations of KENKO Investment for Health, the top 500 in the large enterprise category are recognized as “White 500”. Eisai exceeded th...

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CEPI funds Nagasaki University to develop innovative vaccines using Nanoball platform and NEC’s AI

TOKYO, Mar 10, 2025 - (JCN Newswire via SeaPRwire.com) - NEC Corporation (NEC; TSE: 6701) has announced that it will partner with the Nagasaki University DEJIMA Infectious Disease Research Alliance (Director: Prof. Kouichi Morita) for a research and development (R&D) project with support from the Coalition for Epidemic Preparedness Innovations (CEPI).The CEPI funding, of up to 750 million JPY, will facilitate the composition optimization of "Nanoball," a proprietary vaccine particle covered under Nagasaki University’s intellectual property, and the application of NEC OncoImmunity (NOI)’s artificial intelligence (AI) for the analysis of candidate proteins for a Severe Fever with Thrombocytopenia Syndrome (SFTS) vaccine.The emerging tick-borne virus, a member of the new windowPhenuivirus family, poses a serious public health threat in Japan and wider East Asia.If the project is successful, the platform has the potential to be rapidly adapted to develop vaccine candidates against other disease pathogens, including a novel or as-yet-identified "Disease X" that could cause a serious epidemic or pandemic.Nagasaki University’s innovative technology works by encasing mRNA into Nanoball...