Sumitomo Corporation will invest ¥50 billion in power plants and battery storage to expand renewable energy. TS TECH will establish a new vehicle-seat performance evaluation building in Tochigi next year and install a sled tester.
According to a report on the front page of the Nikkan Kogyo Shimbun, Sumitomo Corporation plans to promote the installation of power plants and the use of battery storage to expand renewable energy, with total investment of ¥50 billion.
The newspaper also reported that TS TECH plans to build a new vehicle-seat performance evaluation building in Tochigi Prefecture next year, along with the installation of a sled tester.
Separately, three regional banks in northeastern Tohoku, including The Akita Bank, are holding merger talks, and their total assets are expected to be around ¥13 trillion.