Mitsubishi Electric announced during the afternoon session that it plans to form a joint venture with ABB for its power distribution and control equipment business. Brother Industries and NTN, among others, also announced new alliances and products, while share prices of major stocks remained soft.
Mitsubishi Electric plans to form a joint venture by transferring a 51% stake in its power distribution and control equipment business to ABB's Japanese subsidiary. ABB will hold a majority stake, with the company split and transfer scheduled to take place on 1 October 2027. The new company will become a consolidated subsidiary of ABB, and revenue was ¥102.2 billion in the previous fiscal year.
Brother Industries entered into an agreement with Chuo Ward, Tokyo, on the use of hydrogen fuel cells in disasters. The parties will install a fuel cell at the Chuo Ward Public Health Center and provide technical cooperation, while establishing a system to use the adjacent Akatsuki Park as a wide-area evacuation shelter and emergency water supply facility.
NTN announced that it has begun soliciting orders for bearing units with built-in sensors for machine-tool spindles. The company began taking orders in conjunction with JIMTOF2026, and the units can monitor spindle temperature, vibration and load in real time.
The NEXYZ.G group has begun a business alliance with Mitsui Sumitomo Insurance Company, seeking to expand opportunities for regional businesses to install energy-saving equipment.
It was disclosed that Daisuke Gomi (五味大輔)'s ownership interest in Carna Biosciences had increased from 6.66% to 13.68%.
Murata Manufacturing developed the NCU01 Series of NTC thermistors, among the world's smallest, reducing the mounting area by approximately 60% and planning to begin mass production in 2027.
Share prices of Mitsubishi Electric, Brother Industries, NTN, NEXYZ.G, Carna Biosciences and Murata Manufacturing all showed a soft trend.