Japan rss

Toshiba creates subsidiaries 'to maximise value'

Corporate

24 April 2017

Toshiba Corp said today it will establish its four in-house companies as wholly-owned subsidiaries and aim to "to maximise the value of each business". As of 1 October, it will split off its Energy Systems & Solutions Company, and the Nuclear Energy Systems & Solutions Division, and transfer them to a newly established company.

Exelon and JAPC form joint venture, Horizon welcomes move

Corporate

13 April 2017

Exelon Generation and Japan Atomic Power Company have formed a joint venture company "to leverage Exelon's expertise in operational excellence and safety among international operators using Japanese reactor technologies". The new company, JExel Nuclear, is expected to sign an "advisory services" contract with Horizon Nuclear Power.

Toshiba warns of ¥1 trillion loss for FY2016

Corporate

11 April 2017

Toshiba Corp has reported a loss of ¥532 billion ($4.8 billion) for the first nine months of its 2016 financial year (April to December), up from a ¥479.4 billion loss recorded in the same period of FY2015. The nine-month financial results - which the firm's auditors, PricewaterhouseCoopers Aarata LLC, have refused to sign off - have already been delayed twice and raise the possibility that Toshiba could be delisted from the Tokyo Stock Exchange.

Decommissioning plans approved for five Japanese units

Waste and Recycling

19 April 2017

Decommissioning plans for five Japanese reactors officially taken out of service in April 2015 have today been approved by the country's nuclear regulator. The plans outline the facilities and equipment to be dismantled and a timetable for completing the work.

Nuclear's fate in Japan depends on public acceptance

Nuclear Policies

12 April 2017

Japan's continued use of nuclear power requires the public to be informed about the importance of the energy source and for its confidence in the industry to be restored, according to Japan Atomic Industrial Forum chairman Takashi Imai.

Russia seeks closer nuclear ties with Japan

Nuclear Policies

06 April 2017

Russia is ready to build "effective and full-scale" cooperation with Japan in the peaceful uses of nuclear energy to harness the innovations of Russian scientists, Alexey Likhachov, director-general of state nuclear corporation Rosatom said this week. Likhachov began a working visit to Japan on 4 April, where he said in an interview with the Japan Times that cooperation between the two countries was "becoming an urgent necessity".