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Kyodo Industry Brief (Oct. 29) -1-
[October 29, 2013]

Kyodo Industry Brief (Oct. 29) -1-


(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Oct. 29 -- (Kyodo) _ ---------- Chubu Electric 7th utility in Japan to seek electricity rate hike TOKYO - Chubu Electric Power Co. on Tuesday applied for approval to raise household electricity rates, becoming the seventh regional utility in Japan to do so amid a prolonged halt to atomic power generation after the 2011 Fukushima Daiichi nuclear power plant disaster.



---------- Jetstar eyes 11 bil. yen capital replenishment TOKYO - Budget carrier Jetstar Japan Co. is considering raising 11 billion yen in fresh capital by issuing new shares through a third-party allotment to two of its four shareholders to shore up its finances, sources familiar with the matter said Tuesday.

---------- JAL to provide Internet connection services on domestic flights TOKYO - Japan Airlines Co. said Monday it will begin offering paid Internet connection services on domestic flights next summer, after introducing the services on international flights in July last year.


---------- Daihatsu's global auto production hits record high in April-Sept.

OSAKA - Daihatsu Motor Co. said Monday its global auto production hit a record high for the first half of the 2013 business year partly due to brisk demand in the Southeast Asian region.

---------- NTT Com to buy 2 U.S. firms to enhance cloud computing services TOKYO - NTT Communications Corp. said Monday it will acquire a 100 percent stake in Colorado-based cloud computing services provider Virtela Technology Services Inc. for about $525 million and an 80 percent stake in California-based RagingWire Data Centers for some $350 million to enhance its ability to offer online access to software and data storage for clients globally.

---------- Toshiba to sell Poland TV factory to Taiwan manufacturer TOKYO - Electronics maker Toshiba Corp. said Monday it will sell its television manufacturing base in Poland, Toshiba Television Central Europe Sp.zo.o, to Taiwan partner company Compal Electronics Inc. by next March as part of the restructuring of its television business.

(NOTE: Corporate press releases are available on Japan Portal, a multilingual website powered by Kyodo News providing information about a wide range of topics and events in Japan. URL: http://www.japanportal.jp/industry/) (c) 2013 Kyodo News International, Inc.

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