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Hitachi Develops a Touchless Operating Panel Establishing an Elevator Without Physical Floor Buttons that Allows Users to Experience a Completely New Sensation

ruth
3 minutes

TOKYO, Sep 14, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi, Ltd. (TSE: 6501) and Hitachi Building Systems Co., Ltd. announced that they developed a touchless operating panel establishing an elevator without physical floor buttons(1) that allows users to experience a completely new sensation.This newly developed touchless operating panel replaces the floor buttons normally found in an elevator car and enables elevator users to register a destination floor just by passing a finger over the floor displayed on the panel (LCD monitor), enabling the touchless use of the elevator.This newly developed touchless operating panels have been adopted to elevators in Tokyo Midtown Yaesu completed in August 31, 2022.Features of the Touchless Operating Panel1. Enabling the Touchless Use of Elevators Just by Passing a Finger over the PanelAn elevator user can register the destination floor just by passing their finger over the floor displayed on the touchless operating panel's monitor in an elevator car. An infrared sensor detects the finger's position and registers the floor, enabling the touchless use of the elevator.2. Realizing a Futuristic Elevator Design Without Floor Buttons(1)While co...

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DENSO Announces Financial Results

ruth
2 minutes

KARIYA, JAPAN, Apr 29, 2022 - (JCN Newswire via SEAPRWire.com) - DENSO, a leading mobility supplier, today announced its global financial results for its fiscal year, ending March 31, 2022:- Consolidated revenue totaled 5,515.5 billion yen (US$45.1 billion), a 11.7 percent increase from the previous year.- Consolidated operating profit totaled 341.2 billion yen (US$2.8 billion), a 120.0 percent increase from the previous year.- Consolidated profit attributable to owners of the parent company totaled 263.9 billion yen (US$2.2 billion), a 111.0 percent increase from the previous year."Both revenue and operating profit increased compared to the previous year due to recovery of vehicle sales from COVID-19 and profit improvements, though semiconductor shortages and other challenging business conditions occurred," said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation. "We forecast for the next fiscal year 6,350.0 billion yen (US$51.9 billion) in revenue and 560.0 billion yen (US$4.6 billion) in operating income. While it is difficult to project how the business environment might change, we will expand ADAS and Electrification product sale...

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Hitachi’s IoT Service Hitachi Global Data Integration is Adopted by Sullair USA for its Connected Services

ruth
7 minutes

TOKYO, Mar 29, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi, Ltd. (TSE: 6501) today announced that Hitachi Global Data Integration ("HGDI")(1), an IoT service that supports the expansion of companies' global IoT businesses, has been adopted by Sullair, LLC ("Sullair"), which manufactures and markets air compressors, for its connected services business.As one of Hitachi's Lumada(2) solutions that accelerate digital innovation, HGDI provides a comprehensive system environment to support the collection, storage, management, and utilization of data sent from communication devices connected to the relevant equipment, which is then used to troubleshoot and remedy the various issues that can hinder the use of IoT technologies in a global environment.The collection and storage of operating data on Sullair equipment operating globally allows the user to ascertain the status of the equipment in real time by remotely monitoring the operating status. The ability to streamline the maintenance of equipment located across the globe and provide optimal solutions to prevent equipment failure and other equipment malfunctioning will enable Sullair to advance its after-sales service and other rec...

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Aurelius Technologies Berhad’s Subsidiary Appoints COO as part of Core Management Team

indie
2 minutes

KUALA LUMPUR, Feb 14, 2022 - (ACN Newswire via SEAPRWire.com) - Aurelius Technologies Berhad ("ATech" or the "Company") is pleased to announce that its wholly-owned subsidiary, BCM Electronics Corporation Sdn. Bhd. ("BCM"), a provider of electronics manufacturing services ("EMS") for industrial electronic products, has appointed Mr Lee Siang Tat ("Michael"), 47, as the Chief Operating Officer ("COO") effective today.Lee Siang TatMichael has more than 25 years of working experience in the electronics manufacturing industry, and is familiar with the various operational processes including process and product engineering, equipment and maintenance engineering, cost management, production and operational quality.He first joined BCM in 2005 and progressed quickly to his last role as the Director of Surface Mount Technology (SMT), Maintenance & Facilities. He was subsequently appointed Chief Operating Officer of EG Industries Berhad in 2020 where he played a vital role steering the group's overall manufacturing operations, including engineering, production planning and operational quality, to enable the group to achieve its strategic goals.Mr Loh Hock Chiang, Interim Group Chief Exec...

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DENSO Announces Third Quarter Financial Results

ruth
3 minutes

KARIYA, JAPAN, Feb 2, 2022 - (JCN Newswire via SEAPRWire.com) - DENSO, a leading mobility supplier, today announced its global financial results for its third quarter, ending December 31, 2021, for its 2022 fiscal year, ending March 31, 2022:- Consolidated revenue totaled 4,009.0 billion yen (USD34.9 billion), a 14.3 percent increase from the previous year.- Consolidated operating profit totaled 256.3 billion yen (USD2,229.4 million), a 284.6 percent increase from the previous year.- Consolidated profit attributable to owners of the parent company totaled 193.4 billion yen (USD1,682.2 million), a 348.9 percent increase from the previous year. "Both revenue and operating profit in the third quarter decreased from the same period last year due to semiconductor shortages and other business conditions, although DENSO made profit improvements. However, revenue and operating profit through three quarters of this fiscal year increased compared to the previous year due to recovery of vehicle sales from COVID-19 and profit improvements," said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation. "We have revised our full-year forecast based on t...

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DENSO Announces Second Quarter Financial Results

ruth
4 minutes

KARIYA, JAPAN, Oct 29, 2021 - (JCN Newswire via SEAPRWire.com) - DENSO, a leading mobility supplier, today announced its global financial results for its second quarter, ending September 30, 2021, for its 2022 fiscal year, ending March 31, 2022:- Consolidated revenue totaled 2,582.9 billion yen (US$23.1 billion), a 24.5 percent increase from the previous year.- Consolidated operating profit totaled159.3 billion yen (US$1,423.5 million).- Consolidated profit attributable to owners of the parent company totaled 112.7 billion yen (US$1,007.2 million)."Both revenue and operating profit increased due to recovery of vehicle sales from COVID-19 and because of profit improvements from the previous year, although the semiconductor shortage has occurred recently," said Yukihiro Shinohara, senior executive officer and representative member of the Board of Directors of DENSO Corporation."While it is difficult to project how the business environment might change due to factors like the lengthening of the semiconductor shortage, DENSO secured our full-year forecast from the previous announcement. Revenue is 5,540.0 billion yen (US$49.5 million) and Operating profit is 440.0 billion yen (US$3,931...

SeaPRwire

Samsung says component shortages to affect some chip demand after 3-year profit high

elean
1 minute

SEOUL (REUTERS) - Samsung Electronics said on Thursday (Oct 28) it expects component shortages to affect chip demand from some customers in the current quarter, after reporting its highest quarterly profit in three years. The world's top maker of memory chips posted a 28 per cent jump in operating profit in the July-September quarter to 15.8 trillion won (S$18.19 billion) on the back of an 82 per cent on-year profit surge in its chip business, where earnings rose to 10.1 trillion won. Rising memory chip prices and shipments, plus a jump in profitability at Samsung's chip-contract manufacturing business boosted the chip division's operating profit, while sales of Samsung's new foldable smartphones were tempered by marketing and component costs. More on this topic Related Story Global chip shortage could affect gadget prices in 2022; impact on Samsung folding phones unclear Related Story Key Apple supplier TSMC announces new plant in Japan amid global chips shortage

SeaPRwire

Man, 58, charged with operating unlicensed massage parlours

aseanpr
2 minutes

SINGAPORE - A man was charged on Monday (Sept 20) with operating three unlicensed massage parlours in Brighton Crescent, Hougang Street 21 and Jalan Besar. The Ang Mo Kio and Central Police Divisions conducted a series of enforcement operations between December last year and June this year and found the man to be allegedly operating massage establishments and providing massage services without valid licences. Foo Hee Tong, 58, is charged with three counts of carrying on a business of providing massage services in an establishment without a valid licence under Section 5(1) of the Massage Establishment Act 2017. Each count of the offence carries a fine of up to $20,000, a jail term of up to five years, or both. The police will notify the landlord when his tenant has been charged in court with operating an unlicensed massage establishment. After the tenant has been convicted, the landlord must make sure the tenant hands over possession of the premises within one month. "The police will take action against landlords who knowingly lease their premises to unlicensed massage establishment operators," said the Singapore Police Force in a statement on Monday. The police highlighted that the...

SeaPRwire

Singtel posts $445 million Q1 profit, reversing year-ago loss

elean
2 minutes

SINGAPORE (THE BUSINESS TIMES) - Singtel swung into the black with a net profit of $445 million for the first quarter ended June 30, compared with a net loss of $20 million a year ago on the back of an improved operating and business environment with the easing of Covid-19 restrictions. The telco on Thursday (Aug 12) also posted a 7.5 per cent increase in operating revenue to $3.8 billion, from $3.5 billion a year ago. Revenue growth was driven mainly by Singtel's Australian consumer business, where its operating revenue grew by 7.7 per cent to $1.7 billion, from $1.6 billion a year ago due to an 11 per cent appreciation of the Australian dollar. Assuming a constant exchange rate, operating revenue for the Australian consumer business fell 2.6 per cent. Still, earnings before interest, tax, depreciation and amortization (Ebitda) for the business segment grew by 12 per cent on improved mobile postpaid average revenue per user, cessation of Covid-19-related customer fee waivers and rebates, as well as lower bad debts provision. Singtel's operating revenue in Singapore also rose 1.3 per cent year on year to $414 million, from $409 million the year before on higher mobile service, fixe...

JCN Newswire
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New Ulaanbaatar International Airport Set to Open in Mongolia

ruth
2 minutes

TOKYO, Jul 2, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC), Narita International Airport Corporation (NAA), Japan Airport Terminal Co., Ltd. (JAT), and JALUX Inc. (JALUX) are pleased to announce that the New Ulaanbaatar International Airport (Official name: Chinggis Khaan International Airport) will be officially opened to the public on July 4, 2021. The new airport will be operated by the partners? joint venture with the Mongolian government that was established in 2019. Under the terms of its concession agreement with the government, New Ulaanbaatar International Airport LLC (NUBIA) will be in charge of airport operations for the next 15 years. (Project Overview) Location: Tuv Province, Mongolia (about 50 km southwest of Ulaanbaatar City The new airport was originally scheduled to commence operations in 2020, but the opening was delayed because of the COVID-19 pandemic. All assets have now been safely transferred from the old airport (Buyant-Ukhaa International Airport), thereby readying the new airport for flights and passenger traffic. Although the pandemic has significantly reduced air travel in Mongolia, demand for flights is expected to increase over...

SeaPRwire

Carousell exploring US listing via Spac

elean
2 minutes

SINGAPORE (BLOOMBERG) - Singapore-based online classifieds marketplace operator Carousell is considering a United States listing via a merger with a blank-cheque company, according to sources with knowledge of the matter. The start-up is working with an adviser on the potential transaction that could value the company at as much as US$1.5 billion (S$2 billion), said the people, who asked not to be named as the process is private. A listing through a special purpose acquisition company (Spac) could take place as soon as the end of this year, the people said. Carousell would be joining a growing list of companies in South-east Asia that are planning to go public in the US via Spac mergers. They include Malaysia's online used-car platform Carsome and Indonesia's Tiket.com as well as Singapore's PropertyGuru and Grab Holdings. A Spac raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating company. Subsequently, an operating company can merge with or be acquired by the publicly traded Spac and become a listed company in lieu of executing its own IPO. Discussions are preliminary and details of Carousell's listing plans could change, the ...

SeaPRwire

Samsung sees higher chip earnings as Q1 profit jumps 46%

elean
1 minute

SEOUL (REUTERS) - Samsung Electronics said on Thursday (April 29) it expects chip profits to increase in the current quarter after announcing its highest first-quarter operating profit since 2018. The world's top maker of memory chips posted a 46 per cent jump in operating profit in the January-March quarter on the back of a 66 per cent profit surge at its mobile business to 4.4 trillion won (S$5.26 billion), the company said. The jump was led by sales of its flagship Galaxy S21 smartphone series, while profit also soared at its television set and home appliance business, buoyed by continued stay-at-home demand. Profits at its chip business, however, fell due to the cost of ramping up domestic production as well as losses at its Texas plant following a storm-related stoppage in mid-February that blunted the benefits of strong demand. Net profit rose 46% to 7.1 trillion won. Revenue climbed 18 per cent to 65.4 trillion won. More on this topic Related Story Global chip shortage threatens production of laptops, smartphones and more Related Story Why shortages of a US$1 chip sparked crisis in the global economy

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DENSO Announces Third-Quarter Financial

ruth
3 minutes

KARIYA, JAPAN, Feb 2, 2021 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced its global financial results for the third quarter, beginning Oct. 1 and ending Dec. 31, 2020, for its 2021 fiscal year, which ends March 31, 2021:- Consolidated revenue totaled 3,508.6 billion yen (US$33.9 billion), a 9.9 percent decrease from the previous year.- Consolidated operating profit totaled 66.6 billion yen (US$643.8 million).- Consolidated profit attributable to owners of the parent company totaled 43.1 billion yen (US$416.3 million)."Revenue is recovering steadily due to increased vehicle sales in the second and third quarters, but sales for fiscal year 2021 are still down compared to last fiscal year due to the significant decline in the first quarter. Revenue for the third quarter (3 months) increased to 1,433.9 billion yen (US$13.9 billion). Operating income was also in the black for all of the third quarter due to an increase in revenue and the effects of measures. Operating income for the third quarter (3 months) increased to 136.3 billion yen (US$1.3 billion). Our full-year forecast reflects the strong performance in the third quarter, with revenues projected at 4,74...

SeaPRwire
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Samsung flags 26% rise in Q4 profit on chip, display sales

elean
2 minutes

SEOUL (REUTERS) - Samsung Electronics said on Friday (Jan 8) that fourth-quarter operating profit likely rose 26 per cent, in line with analysts' estimates, as pandemic-driven remote working fuelled sales of chips and display panels. The South Korean tech giant said operating profit was likely nine trillion won (S$10.9 billion) in the quarter ended December, offsetting weaker smartphone sales and a strong won versus the US dollar. That was in line with the 9.1 trillion won analyst forecast by Refinitiv SmartEstimate. Revenue at the world's biggest memory chip supplier and maker of smartphones likely rose 1.9 per cent to 61 trillion won from a year earlier, the company said. Samsung provides only estimates of quarterly revenue and operating profit in its preliminary earnings release. The company is due to release detailed earnings later this month. Analysts said they expected Samsung to report a jump in memory chip shipments from the September quarter, offsetting the effect of lower prices. Memory chip prices will likely rebound in the first half of this year, analysts said, as data centre customers return to buying chips, as well as demand from 5G smartphones, notebooks, graphics a...

SeaPRwire
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Toyota to double full-year profit forecast to over $13 billion: Report

elean
1 minute

TOKYO (REUTERS) - Toyota Motor will likely more than double its full-year operating profit forecast when it reports second quarter earnings on Friday (Nov 6) as vehicle sales rebound in the United States and China, the Mainichi daily reported. Japan's top automaker is likely to project an operating profit of more than 1 trillion yen (S$13 billion) for the year to March 31, 2021, from the 500 billion yen projected in August, the Mainichi said, without citing sources. A Toyota spokesman declined to comment on the report. In its most recent forecast, Toyota predicted a full-year 500 billion yen operating profit, the weakest in nine years, following a slump in demand caused by the coronavirus pandemic. That compares with a 2.47 trillion yen profit last business year. The average estimate from 26 analysts polled by Refinitiv is for full-year operating profit of 1.25 trillion yen. More on this topic Related Story Tesla profit doubles as electric car deliveries surge

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UOB Q3 profit falls 40% to $668 million on higher provisions

elean
3 minutes

SINGAPORE - United Overseas Bank posted a 40 per cent drop in third-quarter net profit to $668 million from $1.12 billion a year earlier as the bank built up on allowances for potential bad loans amid the Covid-19 pandemic. Earnings were better than expected, topping the $641 million average forecast by analysts in a Bloomberg poll. An additional $339 million in credit allowance for non-impaired assets was set aside to strengthen provision coverage, bringing total credit costs on loans to 68 basis points in the third quarter from 23bps a year ago, the bank said in a statement on Wednesday (Nov 4). The non-performing loan (NPL) ratio improved to 1.5 per cent from 1.6 per cent, as NPL formation stayed low coupled with more recoveries in the quarter, said UOB. Operating profit rose 3 per cent quarter-on-quarter to $1.25 billion on improved margins and higher fees rose as economic activity gradually resumed. Net interest income decreased 13 per cent to $1.47 billion as effects from margin compression offset loan growth of 2 per cent. Non-interest income dropped 15 per cent to $786 million, as business activities across corporate and retail customers declined. Trading and investment inc...

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Samsung Q3 operating profit jumps 59% on strong smartphone sales

elean
1 minute

SEOUL (REUTERS) - Samsung Electronics reported a 59 per cent rise in quarterly operating profit on Thursday (Oct 29) as US restrictions on China's Huawei Technologies boosted the South Korean tech giant's phone and chip sales. Operating profit rose to 12.35 trillion won S$14.95 billion) for the quarter ended September from 7.78 trillion won a year earlier, the world's top maker of memory chips and smartphones said. That was in line with the company's estimate of 12.3 trillion won earlier this month. Net profit rose 49 per cent to 9.36 trillion won. Revenue climbed 8 per cent to 66.96 trillion won. The result likely reflects gains in Samsung's share of the smartphone market as U.S. restrictions hit Chinese rival Huawei Technologies Co Ltd, as well as lower marketing costs amid the coronavirus pandemic, analysts said. The US restrictions on Huawei also boost Samsung's chip division, as the Chinese company is buying more of the South Korean company's semiconductors to replace chips made with US technology.