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Nintendo, The Pokémon Company Seeking Injunction on Palworld, JPY 5 Million Each in Damages from Pocketpair
Palworld developer Pocketpair has shared details from the patent infringement lawsuit brought against it by Nintendo and The Pokémon Company in September, shedding light on the plaintiffs’ demands. The two companies are seeking an injunction on Palworld, a survival game with monsters that bear alleged similarities to the creatures from the Poké...
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Sony Sells 2.4 Million PS5 Units in First Quarter, First-Party Games Lift PlayStation Business
Sony said its operating profit during the three months ended June was JPY 279.1 billion ($1.9 billion or roughly Rs. 15,949 crore), beating the consensus estimate of JPY 273.9 billion (roughly Rs.15,736 crore). Due to the presently weak position of Yen, Morningstar Investment director Kazunori Ito said that the PlayStation business is not as good ...
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Square Enix Says Sales of AAA Games Like Final Fantasy 7 Rebirth, Final Fantasy XVI Fell Short of Expectations
Square Enix shares fell 16 percent in the biggest decline in over a decade following disappointing sales of games like Final Fantasy 7 Rebirth, Final Fantasy XVI and Foamstars. The publisher's mobile games have also been struggling, with many games shut down in a little over a year due to poor sales.
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Japanese Watch Giant Casio Forays into NFT Space: Details
Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin game.
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Japan Aims to Treble Sales of Domestically Produced Microchips to JPY 15 Trillion by 2030
Japan aims to treble sales of semiconductors made in the country to JPY 15 trillion (roughly Rs. 9,285,004,593,300 crore) by 2030, the industry ministry said on Monday. Tokyo sees microchips as strategic products to strengthen its economic security and is providing hefty subsidies to TSMC and other chipmakers to build plants in Japan or have them e...
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Japanese CBDC’s Pilot to Go Live in April, New Forum to Register Consultations from Insiders
Japan will be launching its digital currency for pilot test next month in April. Private companies will be onboarded by the BoJ to be participants in the testing of the digital JPY. The focus is to analyse and justify the fundamentals of the proof-of-concept (PoC) for this CBDC, which has been under testing in Japan since April 2021.
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Suzuki to Invest $35 Billion in EVs Through 2030, Will Introduce Electric Vehicles in India and Europe
Suzuki will invest $35 Billion (roughly Rs. 2,85,614 crore) in electric vehicles through 2030, the company said on Thursday. The automaker's announcement comes after other Japanese rivals have rolled out similar goals to catch up with European and US rivals in the fast-growing battery EV market.
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Nintendo Raises Annual Profit Forecast on Weaker Yen, Sells 6.68 Million Switch Unit in Six Months
Nintendo on Tuesday raised its annual profit forecast by 18 percent, as the company offset slower-than-expected Switch console sales on the back of a weaker yen. The game maker says that it expects to earn a net profit of JPY 400 billion (roughly Rs. 22,200 crore) for the year to March 2023.
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Toshiba to Boost Sales With Clean Energy, Infrastructure, Data Services; Reports Rise in Quarterly Profits
Toshiba reported a JPY 25.9 billion (roughly Rs. 1,540 crore) profit in the April-June quarter, up from JPY 18 billion (roughly Rs. 1,070 crore) a year ago, the company said on Wednesday. The Japanese firm is currently working on revamping its brand image and reassuring investors about its management, even as it is considering taking the company pr...
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Sony Sees Profit Rise on Music, Films; Says People Playing Less Games as COVID-19 Restrictions Decrease
Sony reported a 3 percent increase in profit for the second quarter, as the company continues to deal with challenges posed by the ongoing coronavirus pandemic, and a waning interest in video games. Sales for the last quarter rose 2 percent to JPY 2.31 trillion (roughly Rs. 37,45,00,000 crore) aided by strong demand for Sony’s music and movie ope...
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Japan Makes Cyberbullying, Online Insults Punishable by 1 Year in Jail
According to Japan Times, the revised Penal Code raised the fine for online insults to up to JPY 300,000 ($2,200). This is a significant increase from the previous punishments of detention for fewer than 30 days and a fine of up to JPY 10,000 ($75).
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Apple Hikes iPhone 13 Series Price in Japan by a Fifth as Inflation Rises
Apple recently hiked the price of its flagship iPhone 13 smartphone in Japan, making the company’s handset much more expensive for customers in the country. The iPhone 13 model, which previously cost JPY 99,800 (roughly Rs. 58,500) now costs JPY 117,800 (roughly Rs. 60,000). The price hike comes as the country is battling a weakening yen and risi...
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Oppo Reno 7A With Qualcomm Snapdragon 695 5G SoC, 4,500mAh Battery Launched
Oppo Reno 7A was launched in Japan at a price of JPY 45,800 (roughly Rs. 26,700). The smartphone will go on sale starting June 30. It sports a 6.4-inch AMOLED display, a 48-megapixel primary sensor, Snapdragon 695 5G SoC, and a 4,500mAh battery.
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Nissan, Renault, and Mitsubishi to Invest $25 Billion in Electric Vehicles Over 5 Years
Nissan auto alliance, which includes Nissan, Renault, and Mitsubishi Motors, has announced that it will invest $25 billion over the next five years in electric vehicles.
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Panasonic to Invest JPY 80 Billion to Produce Tesla EV Battery: Report
Japan's Panasonic will begin producing its new lithium-ion battery for Tesla from as early as 2023, with plans to invest about JPY 80 billion (roughly Rs. 5,245 crore) in production facilities in Japan, the Nikkei reported on Monday.
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Nintendo, The Pokémon Company Seeking Injunction on Palworld, JPY 5 Million Each in Damages from Pocketpair
Palworld developer Pocketpair has shared details from the patent infringement lawsuit brought against it by Nintendo and The Pokémon Company in September, shedding light on the plaintiffs’ demands. The two companies are seeking an injunction on Palworld, a survival game with monsters that bear alleged similarities to the creatures from the Poké...
-
Sony Sells 2.4 Million PS5 Units in First Quarter, First-Party Games Lift PlayStation Business
Sony said its operating profit during the three months ended June was JPY 279.1 billion ($1.9 billion or roughly Rs. 15,949 crore), beating the consensus estimate of JPY 273.9 billion (roughly Rs.15,736 crore). Due to the presently weak position of Yen, Morningstar Investment director Kazunori Ito said that the PlayStation business is not as good ...
-
Square Enix Says Sales of AAA Games Like Final Fantasy 7 Rebirth, Final Fantasy XVI Fell Short of Expectations
Square Enix shares fell 16 percent in the biggest decline in over a decade following disappointing sales of games like Final Fantasy 7 Rebirth, Final Fantasy XVI and Foamstars. The publisher's mobile games have also been struggling, with many games shut down in a little over a year due to poor sales.
-
Japanese Watch Giant Casio Forays into NFT Space: Details
Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin game.
-
Japan Aims to Treble Sales of Domestically Produced Microchips to JPY 15 Trillion by 2030
Japan aims to treble sales of semiconductors made in the country to JPY 15 trillion (roughly Rs. 9,285,004,593,300 crore) by 2030, the industry ministry said on Monday. Tokyo sees microchips as strategic products to strengthen its economic security and is providing hefty subsidies to TSMC and other chipmakers to build plants in Japan or have them e...
-
Japanese CBDC’s Pilot to Go Live in April, New Forum to Register Consultations from Insiders
Japan will be launching its digital currency for pilot test next month in April. Private companies will be onboarded by the BoJ to be participants in the testing of the digital JPY. The focus is to analyse and justify the fundamentals of the proof-of-concept (PoC) for this CBDC, which has been under testing in Japan since April 2021.
-
Suzuki to Invest $35 Billion in EVs Through 2030, Will Introduce Electric Vehicles in India and Europe
Suzuki will invest $35 Billion (roughly Rs. 2,85,614 crore) in electric vehicles through 2030, the company said on Thursday. The automaker's announcement comes after other Japanese rivals have rolled out similar goals to catch up with European and US rivals in the fast-growing battery EV market.
-
Nintendo Raises Annual Profit Forecast on Weaker Yen, Sells 6.68 Million Switch Unit in Six Months
Nintendo on Tuesday raised its annual profit forecast by 18 percent, as the company offset slower-than-expected Switch console sales on the back of a weaker yen. The game maker says that it expects to earn a net profit of JPY 400 billion (roughly Rs. 22,200 crore) for the year to March 2023.
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Toshiba to Boost Sales With Clean Energy, Infrastructure, Data Services; Reports Rise in Quarterly Profits
Toshiba reported a JPY 25.9 billion (roughly Rs. 1,540 crore) profit in the April-June quarter, up from JPY 18 billion (roughly Rs. 1,070 crore) a year ago, the company said on Wednesday. The Japanese firm is currently working on revamping its brand image and reassuring investors about its management, even as it is considering taking the company pr...
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Sony Sees Profit Rise on Music, Films; Says People Playing Less Games as COVID-19 Restrictions Decrease
Sony reported a 3 percent increase in profit for the second quarter, as the company continues to deal with challenges posed by the ongoing coronavirus pandemic, and a waning interest in video games. Sales for the last quarter rose 2 percent to JPY 2.31 trillion (roughly Rs. 37,45,00,000 crore) aided by strong demand for Sony’s music and movie ope...
-
Japan Makes Cyberbullying, Online Insults Punishable by 1 Year in Jail
According to Japan Times, the revised Penal Code raised the fine for online insults to up to JPY 300,000 ($2,200). This is a significant increase from the previous punishments of detention for fewer than 30 days and a fine of up to JPY 10,000 ($75).
-
Apple Hikes iPhone 13 Series Price in Japan by a Fifth as Inflation Rises
Apple recently hiked the price of its flagship iPhone 13 smartphone in Japan, making the company’s handset much more expensive for customers in the country. The iPhone 13 model, which previously cost JPY 99,800 (roughly Rs. 58,500) now costs JPY 117,800 (roughly Rs. 60,000). The price hike comes as the country is battling a weakening yen and risi...
-
Oppo Reno 7A With Qualcomm Snapdragon 695 5G SoC, 4,500mAh Battery Launched
Oppo Reno 7A was launched in Japan at a price of JPY 45,800 (roughly Rs. 26,700). The smartphone will go on sale starting June 30. It sports a 6.4-inch AMOLED display, a 48-megapixel primary sensor, Snapdragon 695 5G SoC, and a 4,500mAh battery.
-
Nissan, Renault, and Mitsubishi to Invest $25 Billion in Electric Vehicles Over 5 Years
Nissan auto alliance, which includes Nissan, Renault, and Mitsubishi Motors, has announced that it will invest $25 billion over the next five years in electric vehicles.
-
Panasonic to Invest JPY 80 Billion to Produce Tesla EV Battery: Report
Japan's Panasonic will begin producing its new lithium-ion battery for Tesla from as early as 2023, with plans to invest about JPY 80 billion (roughly Rs. 5,245 crore) in production facilities in Japan, the Nikkei reported on Monday.
