TotemoTech - 2023-10-29


Hello and welcome to today’s news from TotemoTech on October 29th, 2023. In today’s news, Japanese conglomerate Hitachi announced its financial results for the period of April to September 2023. Despite a decrease in sales revenue by 8% compared to the same period last year, Hitachi achieved a slight increase of 0.3% in adjusted operating profit, reaching 325.4 billion yen. The company also reported a 2% increase in adjusted EBITA, totaling 400.9 billion yen. Hitachi remains optimistic about achieving its long-term targets.

Moving on, Tokyo-based startup HW ELECTRO revealed its latest concept vehicle, the ‘PUZZLE,’ at the Japan Mobility Show 2023. This new commercial electric vehicle aims to make a mark in the industry by focusing on innovation rather than engaging in price competition. HW ELECTRO believes that its unique design and features will attract customers looking for sustainable transportation solutions.

In other news, SCSK, a leading Japanese IT services provider, announced its financial results for the April-September 2023 period. The company reported an 8% increase in sales revenue, reaching 231.1 billion yen, and a remarkable 20% growth in operating profit, totaling 26.9 billion yen. SCSK expressed satisfaction with these results, highlighting that it achieved record-high sales and operating profit for the first half of the year.

Shifting gears to the technology sector, SAP Japan launched the latest version of its cloud-based ERP system, ‘SAP S/4HANA Cloud, private edition.’ The 2023 release includes new features and improvements, offering enhanced support for businesses in their digital transformation journey. Additionally, SAP Japan introduced a new service called ‘RISE with SAP,’ providing migration support to help organizations seamlessly transition to S/4HANA Cloud.

Next, let’s talk about an innovative security system developed by Daiwa Tsushin. The company has introduced a rental service for their AI camera system called ‘Face Bear.’ This system utilizes artificial intelligence to detect bears and sends real-time notifications to users’ smartphones, ensuring their safety in areas where bear encounters are common. Daiwa Tsushin aims to provide effective and reliable solutions for wildlife-related security challenges.

In the world of open-source software, NEC announced the launch of a patch service for ‘PostgreSQL 11,’ an open-source database. As support for PostgreSQL 11 is approaching its end, NEC aims to assist users by providing patches to ensure the continued stability and security of their PostgreSQL installations.

Lastly, e-commerce giant Amazon reported its financial results for the third quarter of 2023. The company achieved a 13% increase in net sales, totaling $143.08 billion (approximately 21.5 trillion yen), compared to the same period last year. Amazon’s operating profit also soared, reaching $11.18 billion, a 4.4-fold increase. Despite some concerns about stagnation in its Amazon Web Services (AWS) division, CEO Jessie expressed confidence in the company’s performance.

That’s all for today’s news. Stay tuned for more updates on the latest tech developments. Thank you for listening! Visit for the news, yen exchange rates, and a daily Japanese proverb.

Keywords - japan, tech, news