Japan – Honda: Production, Sales and Export Results for February 2023

Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of February 2023.

February 2023
Production in Japan: 1st YOY increase in 3 months
Production outside Japan: 4th consecutive month of YOY decrease
Worldwide production: 4th consecutive month of YOY decrease

Sales in the Japanese Market

February 2023
Total sales in Japan: 2nd consecutive month of YOY decrease
New vehicle registrations: 2nd consecutive month of YOY decrease
Sales of mini-vehicles: 1st YOY decrease in 6 months

Exports from Japan

February 2023
Total exports from Japan: 5th consecutive month of YOY decrease

For the full report, visit https://global.honda/newsroom/news/2023/c230330eng.html.

Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Japan – Mazda Production and Sales Results for February 2023

Mazda Motor Corporation’s production and sales results for February 2023 are summarized below.

I. Production

1. Domestic Production
Mazda’s domestic production volume in February 2023 increased 19.8% year on year due to increased production of passenger vehicles.

[Domestic production of key models in February 2023]CX-5: 28,211 units (down 6.2% year on year)
MAZDA3: 10,524 units (up 29.3%)
CX-30: 8,386 units (up 87.4%)

2. Overseas Production
Mazda’s overseas production volume in February 2023 increased 21.4% year on year due to increased production of passenger vehicles.

[Overseas production of key models in February 2023]CX-30: 12,575 units (up 12.9% year on year)
MAZDA3: 6,170 units (up 2.8%)
CX-3: 4,210 units (up 547.7%)

II. Domestic Sales

Mazda’s domestic sales volume in February 2023 decreased 6.9% year on year due to decreased sales of passenger vehicles.

Mazda’s registered vehicle market share was 5.2% (down 2.4 points year on year), with a 2.0% share of the micro-mini segment (up 0.4 points) and a 4.0% total market share (down 1.2 points).

[Domestic sales of key models in February 2023]CX-60: 4,371 units
CX-30: 2,214 units (up 3.9%)
MAZDA2: 1,628 units (down 46.8%)

III. Exports

Mazda’s export volume in February 2023 increased 8.9% year on year due to increased shipments to North America, Europe and other regions.

[Exports of key models in February 2023]CX-5: 25,502 units (down 19.4% year on year)
MAZDA3: 8,877 units (up 6.7%)
CX-9: 5,259 units (down 12.7%)

IV. Global Sales

Mazda’s global sales volume in February 2023 decreased 2.3% year on year due to decreased sales in China.

[Global sales of key models in February 2023]CX-5: 26,853 units (down 14.9% year on year)
CX-30: 15,992 units (up 0.1%)
MAZDA3: 12,396 units (down 21.7%)

For more information, visit https://newsroom.mazda.com/en/publicity/release/2023/202303/230330b.html.

Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Japan – Hitachi High-Tech Selected as CDP Supplier Engagement Leader for Two Consecutive Years

Hitachi High-Tech Corporation (“Hitachi High-Tech”) today announced that it was selected as Supplier Engagement Leader, the highest rating in the Supplier Engagement Rating (SER) assessment performed by CDP, an non-governmental organization headquartered in the UK that conducts global environmental surveys and discloses information. The companies chosen for the Leaderboard in FY2022 were those that made the top 8% in rankings for supplier engagement strategy. This is the second consecutive year to be selected for our actions to reduce greenhouse gas emissions across the entire Hitachi High-Tech supply chain. In December 2022, Hitachi High-Tech was recognized by CDP for “A List” in “Climate Change”, and the second-highest leadership level: “A- List” in “Water Security”. In addition to that, Hitachi High-Tech has also received the highest rating for supplier engagement.

In 2022, the Hitachi High-Tech Group formulated “Sustainability 2030″(1) declaration in order to help heighten each employee’s awareness of the need to create value driven by societal issues, and to accelerate our initiatives for Materiality(2). By promoting our business strategies, and planning proposals that link all businesses to sustainability, we will contribute to the realization of a sustainable society, including climate change countermeasures.

About CDP’s Supplier Engagement Rating (SER)

The Supplier Engagement Rating evaluates how effectively companies are collaborating with suppliers to tackle the challenges of climate change. Companies who complete the full CDP Climate Change Questionnaire will be evaluated based on their responses to questions from four areas: “Governance”, “Targets”, “Scope 3 Emissions” and “Supplier Engagement”.

Hitachi High-Tech’s Environmental Initiatives

As a member of the wider Hitachi Group, Hitachi High-Tech Group is pushing forward with initiatives to achieve carbon neutrality throughout our entire value chain by FY2050, all in service of our environmental vision and fulfilling the Long-term Environment Targets put forth in Hitachi Environmental Innovation 2050*3. Through these initiatives, Hitachi High-Tech has achieved carbon neutrality in seven facilities since 2018 and aims to achieve carbon neutrality at all business sites (factories and offices) by FY2027.

Hitachi High-Tech is also working to reduce greenhouse gas emissions throughout our whole supply chain. Specifically, the Hitachi Green Procurement Guidelines*4 are shared with our

procurement partners and other such companies that we work with, and by calling on them to promote environmental conservation and reduce environmental impact we compel them to make initiatives in tackling climate change, such as cutting greenhouse gas emissions and increasing energy efficiency.

On the back of this encouraging SER Leaderboard ranking, Hitachi High-Tech Group will, together with our fellow Group companies and partners, promote carbon neutral initiatives and continue to aim toward contributing to a sustainable global environment.

(1) Sustainability 2030: Please refer to the press release on 14th June 2022 Hitachi High-Tech’s “Sustainability 2030” declaration
(2) Materiality: Further information about Hitachi High-Tech Group’s Materiality
(3) Hitachi Environmental Innovation 2050: Long-term goals established to aim toward building a “decarbonized society,” a “resource efficient society” and a “harmonized society with nature” by 2050, set out under the vision that “Hitachi will resolve environmental issues and achieve both a higher quality of life and a sustainable society through its Social Innovation Business in collaborative creation with its stakeholders,” which Hitachi instituted as its Environmental Vision. www.hitachi.com/environment/vision/index.html
(4) Hitachi Green Procurement Guidelines: A booklet shared with our procurement partners that summarizes our fundamental views on the procurement of components and products with consideration to the Earth’s environment by our subsidiaries, our requirements of our procurement partners and other such matters. The conduct expected from procurement partners is summarized in the Hitachi Group Sustainable Procurement Guidelines, and the operational guidelines for substantive “green” procurement listed in the Hitachi Green Procurement Guidelines. This provides our procurement partners with a clear and easy-to-understand overview of the Hitachi Group’s initiatives and requirements. www.hitachi.com/procurement/csr/index.html

Hitachi High-Tech’s Sustainability Initiatives – www.hitachi-hightech.com/global/en/company/sustainability/

Hitachi High-Tech’s Climate Change Countermeasures – bit.ly/3lUJC82

About CDP

CDP is a non-governmental organization that seeks to promote and disclose information on the initiatives taken by businesses and communities in tackling environmental issues, including climate change, water security and forest conservation, based on requests from figures around the world who are concerned with environmental issues, such as institutional investors. Established in the UK in 2000, CDP collects, analyzes, and evaluates information on the environmental initiatives of major companies around the world, and annually designates an “A List” of companies that were the most outstanding in their initiatives and information transparency in climate change, water security and forest conservation. https://www.cdp.net/ja

About Hitachi High-Tech

Hitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including manufacture and sales of clinical analyzers, biotechnology products, and analytical instruments, semiconductor manufacturing equipment and analysis equipment. and providing high value-added solutions in fields of social & industrial infrastructures and mobility, etc. The company’s consolidated revenues for FY 2021 were approx. JPY 576.8 billion [USD
5.1 billion]. For further information, visit https://www.hitachi-hightech.com/global/en/

Contact:
Katakura, Kawamoto
Sustainability Management Dept., CSR Div., Hitachi High-Tech Corporation
Tel: +81-80-9207-5075

Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Japan – MHI Thermal Systems Develops Electric-Driven Transport Refrigeration Units with Heat-Pump Heating System for Domestic EV Trucks

Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has developed a new electric-driven transport refrigeration unit exclusively for electric vehicles (EVs), the TEJ35AM, which is equipped with a heat-pump heating function. Sales of the new unit will be launched for use in production model EV trucks made by domestic automakers. In contrast to conventional systems in which the transport refrigeration unit is powered by the vehicle’s engine or a dedicated refrigerator engine, the TEJ35AM features an electric drive system that enables operation driven by electric power from the EV alone.

The adoption of heat-pump heating, in which ambient heat is used for the heating operation, enables the TEJ35AM to perform heating and cooling operations simultaneously. With this dual capability, the heating mode prevents cargo freezing when the outside temperature is low, and the cooling mode prevents food and other cargo from deteriorating in quality when the outside temperature is high. The unit also features a multi-system that enables multiple temperature settings appropriate to the specific cargo volume or type. This enables the TEJ35AM to accommodate diverse transport modes, including simultaneous transport of products requiring multiple temperatures, to meet the needs of convenience stores and the like. Furthermore, because the refrigeration unit can be operated under all vehicle operating conditions – when running, stopped or charging – the temperature inside the cargo room can be kept stable at all times, ensuring safe transport of food items.

The TEJ35AM saves energy through the adoption of a high-efficiency heat-pump system which not only cuts energy consumption but also reduces carbon emissions, and in this way it responds to the needs of automakers undertaking development of EV trucks as a contribution to the quest for a carbon neutral society. Going forward, availing of the ability to combine the unit with various power supplies, the TEJ35AM will be promoted for installation in EV trucks, whose proliferation is one target of the Government’s “Green Growth Strategy.”

In the years ahead, MHI Thermal Systems will continue focusing on the development of technologies and products that will contribute to reducing CO2 emissions and saving energy – not only in the transport refrigeration units business, but also its businesses in thermal engineering targeting enhanced energy efficiency in plants of all kinds, large-scale refrigerators for expansive spatial cooling, air-conditioners to create comfortable spaces of all kinds, and automotive air-conditioners. In these and other ways, the Company will dedicate its resources to the realization of optimal thermal solutions to meet the diverse needs of its customers.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Hong Kong – Hong Kong Property Review 2023 preliminary findings released

Hong Kong Property Review 2023 preliminary findings released

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     The Rating and Valuation Department today (March 31) released the preliminary findings of its annual review of production and activities in the local property market.
 
     The preliminary findings, to be incorporated in the Hong Kong Property Review 2023, cover the major private property categories in terms of completions, take-up and vacancy in 2022 and forecast completions in 2023 and 2024, as well as price and rental data.
 
     Summaries of the findings can also be downloaded from the department’s website at www.rvd.gov.hk.
 
     Further enquiries can be directed to the department by contacting the Technical Secretary (Information) at 2150 8807.