Mitsubishi Electric announced that it will acquire all equity interests in U.S.-based PCI for $1.4 billion, making it a wholly owned subsidiary. ST Corporation announced plans to conduct a share buyback, while Odakyu released its monthly operating overview, providing its latest results.
Mitsubishi Electric announced that it will acquire all equity interests in U.S.-based PCI for $1.4 billion and make it a wholly owned subsidiary, with the aim of expanding its solutions in the energy management and optimization space. The transaction will combine Mitsubishi Electric's energy management solutions and digital platforms with PCI's technology.
ST Corporation announced that it will conduct a share buyback of up to 1.7 million shares, equivalent to 8.06% of its issued shares, and up to ¥2.601 billion in value. It was also reported that a purchase order had been placed through ToSTNeT-3. Shares held stood at approximately 1.91 million as of 30 June 2026.
Odakyu Electric Railway released its July 2026 monthly operating overview (速報). Passenger volume rose 2.2% year on year to 61,904 thousand, while transportation revenue increased 2.8% to ¥10.169 billion. Sales at Odakyu Department Store and same-store sales also increased, and the stock traded with buying predominating.