Tag: Japan&#039s

Japan's Mitsubishi, U.S. partner to invest $1.8 billion in data centres: media

TOKYO (Reuters) – Japanese trading house Mitsubishi Corp (8058.T) plans to set up a joint venture with U.S. data centre operator Digital Realty Trust (DLR.N) and build around 10 data centres in Japan by 2022 for 200 billion yen ($ 1.8 billion), the Nikkei said on Saturday.

The logo of Mitsubishi Corp is pictured at its head office in Tokyo, Japan August 2, 2017. REUTERS/Kim Kyung-Hoon – RC1E7B85B0E0

Tokyo-based Mitsubishi expects the centres to help meet growing demand for information storage from customers of California-based Digital Realty and generate sales of around 20 billion yen to 30 billion yen in 2022, the business daily reported, without citing sources.

The two companies could invest an additional 300 billion yen in the medium term, the Nikkei reported.

Mitsubishi could not be reached for comment.

Reporting by Osamu Tsukimori; Editing by Tom Hogue

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Toshiba investigated by Japan's securities watchdog: source

TOKYO (Reuters) – Japan’s securities watchdog is investigating Toshiba Corp’s (6502.T) accounting practices for the last business year to see if it properly handled the losses incurred by its U.S. nuclear unit Westinghouse, a source familiar with the matter told Reuters.

The Securities and Exchange Surveillance Commission is examining the process involved in creating the financial report for the 2016/17 business year, said the source, who was not authorized to speak to the media and declined to be identified.

A Toshiba spokesman declined to comment.

Reporting by Takahiko Wada; Writing by Kaori Kaneko; Editing by Edwina Gibbs

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