TOKYO, June 8, 2026 - (JCN Newswire) - The Nippon Foundation, in partnership with the Ministry of Foreign Affairs of Japan and the Intergovernmental Oceanographic Commission (IOC) of UNESCO, convened the inaugural Island States Ocean Summit in Tokyo on 3–4 June 2026.

At the Closing Session on 4 June, Yohei Sasakawa, Honorary Chair of The Nippon Foundation, announced the Summit’s principal outcome: the launch of the OCEAN STATES INITIATIVE, a new long-term framework designed to support island states in addressing the growing challenges facing the ocean while advancing sustainable development.

The Initiative builds on more than three decades of The Nippon Foundation’s support for island nations and responds to what Summit participants described as a growing “polycrisis”—a combination of climate change, sea-level rise, biodiversity loss, marine pollution, increasingly severe natural disasters, and a shortage of scientific and policy expertise.

The OCEAN STATES INITIATIVE seeks to strengthen the capacity of island states to protect and sustainably use their ocean resources while building resilient and sustainable ocean economies. The Initiative reflects the Summit’s emphasis on moving beyond discussion and toward practical implementation, supported by science, partnerships, and long-term investment.

Built on a new framework for international cooperation among island states, governments, international organizations, and philanthropic partners, the Initiative aims to support island states on the front lines of climate and ocean challenges while contributing to global efforts to achieve a sustainable ocean future.

Announcing the Initiative, Mr. Sasakawa stated:

“Through the discussions at this Summit, we have gained a clearer understanding of the actions island states seek from the international community. The Nippon Foundation will invest in people, create platforms for collaboration, and advance concrete initiatives that generate innovation and impact. Together with all those gathered here—across countries, sectors, and generations—we will translate this vision into action and ensure that the benefits of our ocean are passed on to future generations.”

In response, H.E. Surangel S. Whipps Jr., President of the Republic of Palau and Summit Co-Chair, stated:

“We leave Tokyo with something tangible, and practical. We believe the platform being shaped at this summit is the exact mechanism needed to help all Island States translate our plans into real action.”

Vidar Helgesen, Executive Secretary of the Intergovernmental Oceanographic Commission (IOC) of UNESCO and Summit Co-Chair, stated: “Island states are not starting from zero. The foundations for Sustainable Ocean Planning and Management already exist in many countries through national ocean policies, marine spatial planning and sustainable blue economy initiatives. Our task now is to connect, strengthen and scale these efforts, creating a coherent framework that maximises impact and reduces fragmentation.”

The Summit brought together approximately 300 participants, including His Majesty the Emperor of Japan, Prime Minister Sanae Takaichi, His Royal Highness Crown Prince Haakon of Norway, Heads of State, ministers and senior officials from 35 countries, representatives of United Nations agencies, research institutions, civil society organizations, and ocean experts.

Participants discussed Sustainable Ocean Planning and Management approaches as a means to address climate-related ocean risks, marine resource management, biodiversity conservation, and pathways for balancing ocean conservation with sustainable economic development. The discussions culminated in the release of the Co-Chairs’ Summary on 4 June.

The OCEAN STATES INITIATIVE

The OCEAN STATES INITIATIVE is The Nippon Foundation’s new action plan to support island states through human resource development, scientific knowledge, and international cooperation, with the goal of balancing ocean conservation and sustainable economic development with a vision to the centuries and millennia to come.

The Initiative is built around three pillars.

Pillar 1: Strengthening Support for Island States through Human Resource Development

The Initiative will develop professionals from island nations who can address today’s challenges while preparing the next generation of leaders to shape the future. It will also cultivate global talent capable of advancing innovative ocean policies that reflect the voices of island states and support practical solutions. The Nippon Foundation’s human capacity development programs have already trained 2,032 fellows from 158 countries, creating a global network that supports ocean governance and policy implementation.

Pillar 2: Establishing OCEAN HUB

As a legacy of the Summit, The Nippon Foundation will establish OCEAN HUB, a Tokyo-based hub that will serve as both a focal point for the global network of experts and a coordinating center for existing and future initiatives. The Initiative will also promote innovative projects through a consortium of world-leading institutions, generating the latest science and evidence needed to support ocean policy and decision-making. Together, these efforts will create a hub linking experts, science, and policy.

Pillar 3: Developing Innovative Projects with States and the United Nations for SOPM

The Nippon Foundation and the IOC of UNESCO will jointly develop a Sustainable Ocean Planning and Management Support Platform to assist island states in implementing Sustainable Ocean Planning and Management (SOPM). To support implementation, The Nippon Foundation will provide seed funding and work with the IOC to establish a dedicated fund that encourages contributions from Member States and partners, helping expand and sustain the Platform over time. The long-term objective is to transform partnerships into projects that drive innovation and deliver measurable impact.

Looking Ahead

The OCEAN STATES INITIATIVE is designed as a ten-year strategy. As a key milestone, The Nippon Foundation intends to convene the Second Island States Ocean Summit in 2030–2031, which will serve as the mid-term review of the Initiative and help shape its second phase.

Summit Outcomes and International Processes

The Summit’s Co-Chairs’ Summary notes that the partnerships, commitments, and knowledge generated through the Summit will contribute to major international policy processes, including:

• COP17 of the Convention on Biological Diversity
• COP31 of the United Nations Framework Convention on Climate Change (UNFCCC)
• The BBNJ process
• The 2027 Ocean Decade Conference

The Summit outcomes are intended to strengthen the role of island states in shaping the future of sustainable ocean management and climate resilience.

The Co-chairs’ Summary can be downloaded from the URL below.
https://oceanexpert.org/document/38461

About The Nippon Foundation https://www.nippon-foundation.or.jp/

Together, for pain and hope. Together, for the future. Established in 1962, The Nippon Foundation is Japan’s largest philanthropic foundation. The Foundation supports a broad range of initiatives, including humanitarian assistance, disability inclusion, child welfare, disaster response, and ocean conservation.

Media Inquiry
Island States Ocean Summit Press Desk (within Kyodo PR)
EMAIL: isos-pr@kyodo-pr.co.jp 

Press Release: https://www.acnnewswire.com/docs/files/20260608.pdf 

TOKYO, June 4, 2026 - (JCN Newswire) - The Nippon Foundation, in partnership with the Ministry of Foreign Affairs of Japan and the Intergovernmental Oceanographic Commission (IOC) of UNESCO, officially opened the Island States Ocean Summit on June 3, 2026 at Hotel New Otani Tokyo. His Majesty the Emperor attended the Opening Ceremony and delivered remarks. Prime Minister Sanae Takaichi also attended the Opening Ceremony and delivered an address, underscoring the Government of Japan’s strong support for the Summit and its outcomes. Approximately 300 participants, including heads of state, ministers, senior officials, and experts from 35 countries across the Pacific, Caribbean, and Indian Ocean regions, are taking part in the Summit.

Building on discussions held throughout the two-day Summit, The Nippon Foundation will announce a new action plan to strengthen support for island states on the evening of June 4.

Remarks by His Majesty the Emperor

At the Opening Ceremony, His Majesty the Emperor delivered remarks. The full text of His Majesty’s remarks is attached as Annex 1.

Opening Ceremony Highlights

Representing the host organization, Yohei Sasakawa, Honorary Chair of The Nippon Foundation, delivered the opening address.

Mr. Sasakawa stated:

“Today, island states face serious threats, including sea-level rise and extreme weather events caused by climate change. These challenges can no longer be solved by any one country or institution alone. Through this Summit, we must bring together our wisdom and determination to inspire global solidarity and action.”

He reaffirmed the Foundation’s commitment to further strengthening its support for island states through the outcomes of the Summit.

His Royal Highness Crown Prince Haakon of Norway emphasized the importance of Sustainable Ocean Planning and Management, stating:

“At the same time, the ocean is not only a victim of climate change. It is a solution, continuing to offer opportunities that can bring benefits to nature and people in island states. Sustainable ocean planning and management can create frameworks for attracting investment in green ocean industries.”

He highlighted the importance of strengthening climate resilience in island states while advancing sustainable ocean economies through science-based ocean management.

Speaking on behalf of island states and serving as Summit Co-Chair, H.E. Surangel S. Whipps Jr., President of the Republic of Palau and Chair of the Alliance of Small Island States (AOSIS), stated:

“The ocean is not a backdrop to our lives. It is our economy. Our food security. Our culture. Our very sovereignty. And it is changing faster than our communities can adapt. As AOSIS Chair, I speak for nations that together contribute less than one percent of global emissions, yet we face the most severe impacts of global warming. International climate and ocean governance is not delivering for the most vulnerable. We need action that matches the urgency.”

Keynote Addresses and Group Photo

Following the Opening Ceremony, keynote addresses were delivered in the presence of His Majesty the Emperor and Crown Prince Haakon of Norway.

H.E. Mr Peter Thomson, United Nations Secretary-General’s Special Envoy for the Ocean, and Mr. Vidar Helgesen, Executive Secretary of the Intergovernmental Oceanographic Commission (IOC) of UNESCO, stressed that there can be no healthy planet without a healthy ocean and highlighted the importance of island states advancing Sustainable Ocean Planning and Management (SOPM).

The Summit will continue on June 4, focusing on practical measures and support mechanisms that enable island states to achieve both conservation and sustainable use of their ocean resources.

A Co-Chairs’ Summary will be released on the evening of June 4. Building on that Summary, the Nippon Foundation will announce a new ten-year action plan to strengthen support for island states.

About the Island States Ocean Summit

Island States, especially Small Island Developing States (SIDS), are widely recognized as being among the states most affected by the impacts of climate change and face an urgent need to strengthen their resilience in response to unprecedented environmental changes.

The Island States Ocean Summit is the first international summit dedicated specifically to oceans and island states and aims to explore pathways that support the long-term resilience and self-reliance of SIDS. In collaboration with leaders from government, academia, industry, and the ocean community, the Summit promotes the development of new action plans that support the conservation of marine environments while enabling the sustainable use of ocean resources.

The Summit discussions are co-chaired by H.E. Surangel S. Whipps Jr., President of the Republic of Palau and Chair of the Alliance of Small Island States (AOSIS), Mr. Vidar Helgesen, Executive Secretary of the Intergovernmental Oceanographic Commission (IOC) of UNESCO, and Mr. Yohei Sasakawa, Honorary Chair of The Nippon Foundation.

The outcomes of the Summit will contribute to future international discussions on biodiversity, climate change, and ocean governance, including COP17 of the Convention on Biological Diversity (CBD), COP31 of the United Nations Framework Convention on Climate Change (UNFCCC), the BBNJ process, and the 2027 Ocean Decade Conference through the Intergovernmental Oceanographic Commission (IOC) of UNESCO.

About Sustainable Ocean Planning and Management (SOPM)

Sustainable Ocean Planning and Management (SOPM) is a comprehensive, strategic and future-oriented framework designed to guide decision-making about the overall sustainable use and conservation of a nation’s entire ocean resources. It is a whole-of-society, whole-of-government approach that serves as a unifying umbrella framework for ocean-related governance at all scales.

By developing integrated plans for fisheries, tourism, renewable energy, and other oceanbased industries, SOPM helps countries strengthen climate resilience while ensuring the longterm sustainability of marine ecosystems and coastal communities.

The Island States Ocean Summit supports island states in accelerating the adoption and implementation of SOPM and strengthening their capacity to balance ocean conservation, sustainable economic development, and climate resilience.

About The Nippon Foundation https://www.nippon-foundation.or.jp/ 

Together, for pain and hope. Together, for the future. Established in 1962, The Nippon Foundation is Japan’s largest philanthropic foundation. The Foundation supports a broad range of initiatives including humanitarian assistance, disability inclusion, child welfare, disaster response, and ocean conservation.

Media Contact
Island States Ocean Summit Press Desk (within Kyodo PR)
Email: isos-pr@kyodo-pr.co.jp 

Annex 1: Remarks by His Majesty the Emperor

Your Royal Highness Crown Prince Haakon of the Kingdom of Norway,  
Prime Minister Takaichi,
Your Excellencies,  
Dr. Yohei Sasakawa,  
Distinguished Guests and Participants,

It gives me great pleasure to be here today to attend the opening of the Island States Ocean Summit together with all of you.  

Japan, as an island nation, has from ancient times reaped the rich blessings of the ocean. As we witness rising sea levels due to global warming and a series of disasters caused by extreme weather around the world, I am deeply reminded of the importance of maintaining the delicate balance on Earth through the grand water cycle, where water is brought in from the sea and returns to the sea.

I myself have for many years been interested in water issues, including safe drinking water, sanitation, water transport, climate change and water-related natural disasters, which are deeply intertwined with national and global challenges. I have always hoped that discussions on these issues would be deepened further around the world.

It is my understanding that the purpose of this summit is to promote, through collaboration between private organizations, governments, and international organizations, national-level plans in island nations that aim to achieve both marine environment conservation and sustainable use of marine resources.  

I would like to express my sincere respect to all of you gathered here and to the participating nations, as you cooperate in sharing your collective wisdom and experience, and, by building upon the latest science while at the same time preserving traditions, endeavor to address global issues through international cooperation.

To be mindful of the ocean and to work for its sound future is, in essence, nothing less than to safeguard our own future. As we face in our times many challenges, including rising sea levels, it is my earnest hope that a sense of solidarity among us will bring harmony and hope to the world.  

I extend my heartfelt gratitude to you all.

Press Release: http://www.acnnewswire.com/docs/files/2026604.pdf 

TOKYO, June 3, 2026 - (JCN Newswire) - Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-ku, Tokyo; President: Iwao Oda) today announced that Taiwan Mitsubishi Elevator Co., Ltd. (TMEC), an MEBS group company that manufactures, sells, installs, and maintains elevators and escalators in Taiwan, has delivered 153 elevators and escalators for the first phase of the New Taipei Metro Sanying Line, which is scheduled to open in summer 2026.

For this project, TMEC delivered 40 elevators and 113 escalators for the 12 stations to be constructed in the first phase of the Sanying Line project, as well as for the administrative and rolling stock maintenance center. As Taiwan’s public transportation infrastructure continues to expand, the opening of this line is expected to improve access from the Sanxia and Yingge districts to central Taipei while reducing travel times.

Through their participation in this project, MEBS and TMEC are supporting safe and comfortable vertical mobility and contributing to the development of sustainable urban transportation in Taiwan.

Features of the Delivered Products

1) Enhancing safety as part of the public transportation infrastructure by equipping elevators for emergency operation during earthquakes
- The elevators are equipped with Earthquake Emergency Return operation control to facilitate rapid evacuation and passenger safety during earthquakes.

2) Improving station design and convenience by installing see-through and through-type elevators
- Of the 40 elevators, 19 are see-through models with glass specifications that create a bright and open atmosphere inside the station buildings.
- Six through-type elevators, with entrances on both the front and rear sides, are installed in locations where space is limited, enabling efficient passenger flow and effective use of space.

3) Improving energy efficiency and reducing environmental impact through escalator automatic speed control
- The escalators are equipped with an automatic speed control function that adjusts the operating speed according to the usage conditions.
- By eliminating unnecessary power consumption, this function improves energy efficiency, reduces operating costs, and minimizes environmental impact.

Overview of the New Taipei Metro Sanying Line

The New Taipei Metro Sanying Line is a fully elevated line extending 14.29 kilometers from Dingpu Station in New Taipei City through the Sanxia District to the Yingge District. The New Taipei City Government’s Department of Rapid Transit Systems is developing the line to connect Sanxia and Yingge, which have stable or growing populations despite the overall decline in Taiwan’s population, to existing railway lines, thereby improving access to central Taipei and reducing travel times.

At Dingpu Station, the Sanying Line connects with the Tucheng Line, and at Yingge Station, it connects with the Taiwan Railways Western Trunk Line. The new line will significantly improve convenience for communities along its route, including in the vicinity of National Taipei University. Future plans include a connection with the Taoyuan Metro Green Line, and the line is expected to contribute to regional economic development as a key part of the wide-area transportation network spanning the Taipei and Taoyuan metropolitan areas.

Product Specifications

Future Plans and Prospects

Since its establishment nearly 60 years ago in 1968, TMEC has contributed to enhancing mobility in Taiwan’s urban development and transportation infrastructure by providing elevators and escalators. Building on the advanced technologies and solid business foundation cultivated throughout its long history, TMEC recently completed the delivery of 153 elevators and escalators for the new Sanying Line, which is scheduled to open in 2026. These facilities will ensure safe and comfortable travel for passengers using the line, which is expected to become a vital new artery for New Taipei City.

MEBS and TMEC are committed to building on the foundation of technology and trust they have cultivated for many decades, passing it on to the next generation, and contributing to the development of safe, secure, and sustainable urban transportation in Taiwan.

Overview of TMEC

*The business operations and management of TMEC are handled by Mitsubishi Electric Building Solutions Corporation.

About Mitsubishi Electric Building Solutions Corporation

Mitsubishi Electric Building Solutions Corporation is a consolidated subsidiary of Mitsubishi Electric Corporation established in April 2022 that conducts a comprehensive range of operations in the building systems business, from development and manufacturing to maintenance and renewal. As a building solutions provider, we support the economic and social infrastructure through one-stop integrated solutions that combine a wide range of building-related products and services, including elevators, escalators, air conditioning and refrigeration equipment, and building systems, as well as with our extensive experience in building operation and management, and advanced digital technology. From buildings to building complexes and even entire cities, we contribute to enriching human life in buildings and urban spaces by solving a wide variety of issues that are closely linked to people and society, with the ultimate aim of realizing smart cities. For more information, please visit www.mebs.com/

Customer Inquiries
Japan Business Group, Business Strategy Division
Affiliated Companies Management Department
Mitsubishi Electric Building Solutions Corporation

Media Inquiries
Corporate Communication Division
Mitsubishi Electric Building Solutions Corporation
https://www.mebs.com/contact/ssl/php/1481/inquiryform.php?fid=1481 

Press Release: http://www.acnnewswire.com/docs/files/20260603.pdf 

TOKYO, May 20, 2026 - (JCN Newswire) - The Nippon Foundation, in partnership with the Ministry of Foreign Affairs of Japan and the Intergovernmental Oceanographic Commission (IOC) of UNESCO, will host the inaugural Island States Ocean Summit in Tokyo, bringing together approximately 300 participants, including Heads of State or Government, ministers, and senior officials around 30 island states in the Pacific, Caribbean, Asia, Africa, and Indian Ocean regions, as well as representatives of United Nations agencies and other international organizations (as of May 13).

Island states are among the most vulnerable to sea level rise, ocean pollution, and other impacts of climate change. While these issues are addressed through broader international frameworks such as International Conference on Small Island Developing States (SIDS), there is also growing recognition of the value of more focused discussions on ocean-related challenges that can support concrete policymaking and implementation.

This Summit will be the first international summit of its scale, which is dedicated specifically to ocean issues and island states. During the Summit, discussions will be co-chaired by H.E. Surangel Whipps Jr., President of the Republic of Palau, together with fellow co-chairs, and will focus on the urgent challenges facing island states. The Summit will promote Sustainable Ocean Planning and Management (SOPM), an evidence-based and climate-resilient approach that provides these states with a comprehensive, strategic, and future-oriented framework designed to guide decision-making about the overall sustainable use and conservation of a nation's ocean resources.

The Summit discussions will be co-chaired by:

• Yohei Sasakawa, Honorary Chair of The Nippon Foundation
• Vidar Helgesen, Executive Secretary of IOC
• H.E. Surangel Whipps Jr., President of the Republic of Palau and Chair of the Alliance of Small Island States (AOSIS)

The Summit is being held within the framework of the UN Decade of Ocean Science for Sustainable Development (2021-2030), and its outcomes will contribute to upcoming global discussions on biodiversity, climate change, and ocean governance, including COP17 of the Convention on Biological Diversity and COP31 of the UN Framework Convention on Climate Change.

Background and Objectives

Island States, especially Small Island Developing States, are widely recognized as being among the states most affected by impacts of climate change and face an urgent need to strengthen their resilience in response to unprecedented environmental changes.

The Island States Ocean Summit is the first international summit which is dedicated specifically to oceans and island states and aims to explore pathways that support the long-term resilience and self-reliance of SIDS. In collaboration with leaders from government, academia, industry, and the ocean community, the Summit will promote the development of new action plans that support the conservation of marine environments while enabling the sustainable use of ocean resources.

The Summit discussions will be co-chaired by H.E. Surangel Whipps Jr., President of the Republic of Palau, Mr. Vidar Helgesen, Executive Secretary of IOC, and Yohei Sasakawa, Honorary Chair of The Nippon Foundation. On the final day of the Summit, a new initiative aimed at driving global-scale transformation and innovation is expected to be announced.

The outcomes of the Summit will contribute to future international discussions on biodiversity, climate change, and ocean governance, including COP17 of the Convention on Biological Diversity (CBD) and COP31 of the United Nations Framework Convention on Climate Change (UNFCCC), through IOC. This Japan-led initiative is expected to make a significant contribution to supporting island states around the world.

The Nippon Foundation and Support for Island States

For decades, the Nippon Foundation has supported island states around the world, particularly those in the Pacific region, which became important partners for Japan’s maritime and economic activities.

In 1989, the Foundation established the Sasakawa Pacific Island Nations Fund and has since supported capacity development in maritime affairs and ocean science, while providing patrol vessels and small boats to Pacific island states.

IOC

The Intergovernmental Oceanographic Commission (IOC) of UNESCO is the UN’s lead body for ocean science, promoting international cooperation to strengthen the management, sustainable use, and resilience of the ocean. Bringing together 153 Member States, the IOC coordinates global efforts in ocean observations and services, tsunami warning systems, ocean science, capacity development, and ocean literacy, ensuring that science effectively informs policy, society, and sustainable ocean governance. Through its work, the IOC contributes to UNESCO’s mission to advance scientific knowledge and build capacity as foundations for peace, societal progress, and sustainable development. As the coordinator of the UN Ocean Decade of Ocean Science for Sustainable Development (2021-2030), the IOC leads global efforts to transform ocean knowledge into action for the benefit of people and the planet.

Sustainable Ocean Planning and Management (SOPM)

Sustainable Ocean Planning and Management (SOPM) is a comprehensive, strategic and future-oriented framework designed to guide decision-making about the overall sustainable use and conservation of a nation's entire ocean resources. It is a whole-of-society, whole-of-government approach that serves as a unifying umbrella framework for ocean-related governance at all scales.

In June 2025, the Intergovernmental Oceanographic Commission (IOC) of UNESCO’s Member States adopted a 5-year Strategy (2025-2030) on Sustainable Ocean Planning and Management with the mission to equip every nation with the capacity to develop sustainable ocean plans.

By developing integrated plans for fisheries, tourism, renewable energy, and other ocean-based industries, SOPM helps countries strengthen climate resilience while ensuring the long-term sustainability of marine ecosystems and coastal communities.

About The Nippon Foundation https://www.nippon-foundation.or.jp/

The Nippon Foundation is Japan’s largest philanthropic foundation, established in 1962. Guided by the principle “Together, for pain and hope. Together, for the future,” the Foundation supports a broad range of initiatives including humanitarian assistance, disability inclusion, child welfare, disaster response, and ocean conservation.

Media Contact
Island States Ocean Summit Press Desk (within Kyodo PR)
Email: isos-pr@kyodo-pr.co.jp 

Press Release: https://www.acnnewswire.com/docs/files/2026520.pdf 

TOKYO, May 13, 2026 - (JCN Newswire) - Akasaka Heating & Cooling Supply Co., Ltd ("Akanetsu", a TBS Group company) held a Group "Hydrogen Heat Source Facility Commissioning Ceremony" on Tuesday, May 12, 2026.

The company supplies heating, cooling, and electricity to various buildings in the Akasaka 5-chome district of Minato-ku, Tokyo. In renewing its heat source facilities, the company has introduced hydrogen utilization equipment designed with safety in mind, while considering the potential of green hydrogen as a next-generation energy source. Full-scale operations commenced in May 2026. This facility marks the first instance in Tokyo where a private heat supply operator, for commercial purposes, accepts and stores green hydrogen, utilizing it for power generation via fuel cells and for heat supply via hydrogen-co-fired boilers.

First, Ryujiro Abe, President & Chief Executive Officer of TBS Holdings, stated: "The full-scale operation of this green hydrogen facility represents a major step towards the decarbonization of urban infrastructure, and demonstrates the potential of a new social infrastructure from Akasaka. Moving forward, we will continue to accumulate knowledge while ensuring safety and a stable supply, and we will continue to communicate our efforts to society through our GX initiatives. I would like to express my sincere gratitude once again for everyone's support."

Following this, Yuriko Koike, Governor of Tokyo, stated: “Hydrogen is one way to address both stable energy supply and decarbonization. Precisely because the supply of fossil fuels is unstable today, hydrogen is attracting more attention than ever as a game changer that can turn a challenge into an opportunity. The Tokyo Metropolitan Government is advancing a range of initiatives toward realizing a hydrogen society under three key concepts: ‘produce,’ ‘transport’ and ‘use.’ This hydrogen heat source facility is the first initiative to make full-scale use of green hydrogen in the very heart of Tokyo, and the Tokyo Metropolitan Government has supported its introduction. The facility is also expected to use green hydrogen procured through market-based trial transactions conducted by the Tokyo Metropolitan Government. I believe this is an extremely important initiative for expanding demand for green hydrogen in Tokyo. Taking today as a starting point, let us work together to further accelerate our progress toward realizing a clean and safe hydrogen society.”

During the ceremony, guests were shown the ‘hydrogen storage alloy’ contained within the plant's hydrogen tanks, enabling the safe storage of hydrogen at low pressure.

Subsequently, a live broadcast link was established with the hydrogen plant in Akasaka 5-chome, where the safety-focused hydrogen utilization facilities generate electricity and steam (thermal energy) from green hydrogen. The pure hydrogen fuel cells generate electricity directly from hydrogen and emit no CO₂ during power generation. The electricity generated is used for lighting and power systems within the plant facility, and in the event of an emergency, they can operate autonomously to secure power for essential power needs within the plant.

The hydrogen released from the hydrogen tanks then passes through piping within the facility to hydrogen-co-fired once-through boilers, where it is used in combination with city gas to produce steam (thermal energy). At the maximum hydrogen cofiring ratio of 50% by volume, each boiler is expected to reduce CO₂ emissions by approximately 21% compared with operation using city gas alone. The reduction effect may vary depending on operating conditions. (*The reduction effect varies depending on operating conditions.) The green hydrogen used in the facility is transported regularly from Yamanashi Prefecture. The introduction of the facility has received a grant from the Tokyo Metropolitan Government.

Morimasa Takagi, Representative Director and President of Akanetsu, reflected on the start of full-scale operations, stating: "I am deeply moved to have reached this milestone. This initiative began several years ago, and we have faced many challenges along the way." He went on to share his passion for further hydrogen utilization in the years ahead. "This year, Akanetsu joined the Council for Study of Hydrogen Supply Systems and Pipelines in Tokyo. It’s a great dream and source of daily inspiration that we’ll see hydrogen pipelines running through the streets of Akasaka, with TBS's GX efforts evolving even further."

Reference

Mar 27, 2025 Press release: Akanetsu Installs Heat Source Facilities Utilizing Green Hydrogen, First Such Initiative by a District Heating and Cooling Company in Central Tokyo
https://www.acnnewswire.com/press-release/All/97425/Akanetsu-Installs-Heat-Source- 

Akasaka Heating & Cooling Supply Co., Ltd

Akasaka Heating & Cooling Supply Co., Ltd ("Akanetsu") provides a stable supply of energy produced by two underground plants in the form of chilled water, steam, and electricity to the TBS Broadcasting Center and other buildings in the Akasaka 5-chome area of Minato-ku, Tokyo. Akanetsu has a business continuity plan (BCP) in place to ensure that its operations and business activities and the daily functions of the district can continue uninterrupted in the event of a major disaster. Akanetsu is committed to supporting local lifestyles and contributing to society by introducing safe and secure facilities utilizing hydrogen to realize the future of green hydrogen as a next-generation energy source and a decarbonized society. https://www.akanetsu.co.jp/

Media Inquiries Regarding This Release

Akasaka Heating & Cooling Supply Co., Ltd:
info@akanetsu.co.jp

TOKYO // MANILA, May 12, 2026 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, has officially formalized partnership with the Credit Card Association of the Philippines (CCAP) through a Memorandum of Agreement signed on April 30, 2026.

The agreement was signed by CCAP Chairman Mr. Rolando P. Ebreo and President Ms. Geraldine C. Liggayu at the RCBC Office, Robinsons Equitable Tower, and by JCB International’s Mr. Takumi Takahashi, Executive Vice President, JCB International Co. Ltd., at JCB’s headquarters in Japan. CCAP’s signing was witnessed by Mr. Wataru Tamura, Country Manager, and Mr. Yasutaka Nomura, Business Development Head of JCBI International Asia Pacific Pte. Ltd. – Manila Branch.

This collaboration reflects the shared commitment of JCB and CCAP to Filipino consumers with the knowledge and tools to advance financial literacy and promote responsible credit card use across the Philippines. Key initiatives under the partnership include developing and localizing financial education materials tailored to the needs of Filipino consumers, and supporting industry-wide advocacy campaigns that highlight the importance of sound financial management. The partnership also introduces “Credit Card 101” sessions for partner communities, offering practical, easy-to-understand guidance to help build healthy financial habits. In addition, the agreement covers the co-creation and cross-platform sharing of educational content to reach broader audiences particularly young people making financial literacy more engaging, inclusive, and accessible nationwide.

Through this partnership, JCB and CCAP aim to equip more Filipinos with the knowledge and confidence to make informed financial decisions.

About the Credit Card Association of the Philippines (CCAP)

The Credit Card Association of the Philippines (CCAP) is the country’s premier industry organization representing credit card issuers and acquirers. Established in October 1980 and officially incorporated in January 1981, CCAP promotes closer cooperation among member institutions to strengthen the Philippine credit card industry. CCAP serves as a collective voice for the industry, providing a platform to address common issues, align positions on regulatory matters, and advance shared objectives. Its key initiatives include the exchange of information and best practices in areas such as fraud management, collections, performance benchmarking, and customer education. The association is governed by a Board of Trustees and operates through six Standing Committees covering Credit, Collection, Operations, Merchant Relationship, Marketing & PR, and Security & Risk. Today, CCAP is composed of 17 member banks and 3 associate members, working closely with regulators, policymakers, and stakeholders to promote a secure, efficient, and inclusive payments ecosystem across the Philippines.

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 72 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 181 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact
Anna Takeda
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@info.jcb.co.jp

President Eisaku Ito welcomes new employees at the ceremony

TOKYO, Apr 1, 2026 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) held an entrance ceremony for the fiscal year 2026 at the Grand Prince Hotel New Takanawa in Minato-ku, Tokyo. This year, as a new initiative, some of the new employees' families also participated in the ceremony online. President & CEO Eisaku Ito addressed over 1,100 new employees, offering words of encouragement and expressing his expectations that "each individual's diverse values and experiences will bring innovation to our Group."

Summary of President Ito's Message

Making the stable supply of energy and electricity and the establishment of strategic supply chains increasingly important, alongside heightened awareness of security. Labor shortages in developed countries and the aging of urban infrastructure also pose major challenges. Furthermore, the remarkable advances in AI technology are transforming industries. Against this backdrop, President & CEO Ito emphasized that "in times like these, it is essential to cherish the fundamentals of our company." He explained the origins of our Group and the three corporate principles that form our management philosophy, including "putting customers first and contributing to social progress through our business." He then spoke about the Group's vision and offered encouragement to the new employees. The key points are as follows:

MHI Group Vision

• Our Group's mission is to "combine the technologies accumulated with cutting-edge knowledge, tackle evolving social challenges, and realize a prosperous life for people." We provide diverse products and services to a wide range of customers, supported by a common foundation of technologies, experts, and IT systems. Our Group owns over 700 technologies. Companies that possess both such diversity and a common foundation are rare worldwide. Therefore, our Group still has significant room for growth.
• To maximize our growth potential, we are promoting "Innovative Total Optimization (ITO)" throughout the company. ITO is based on two core concepts. The first is "Group-Wide Optimization," which means optimizing the value chain from sales to manufacturing and enabling lean business operations through the common foundation mentioned earlier. Additionally, by strengthening collaboration between businesses, sharing lessons learned from failures and early signs of changes in the business environment, we aim to enhance productivity and profitability. The second concept is "Scope Expansion," which anticipates latent needs and creates new value by "smartly connecting" different fields. By leveraging partnering and IT, we swiftly approach new customers and regions. Combining these approaches, we will provide new value to vastly more customers.
• This fiscal year marks the final year of the "2024 Business Plan," launched in fiscal 2024. Through achieving this plan and advancing ITO, we aim to realize a "virtuous cycle of high profitability and growth investment."

Encouragement to New Employees

• Our Group fosters a culture where young employees can take on significant challenges early in their careers. When I was a student, I researched gas turbines and aspired to become an engineer in this field. I joined Mitsubishi Heavy Industries, the only company in Japan independently developing gas turbines. I was entrusted with a project to develop a turbine for a new concept jet engine. I was involved in all manufacturing processes from planning to development, design, prototyping, and evaluation, which later became the foundation of our business. Since then, as an engineer, I have participated in various projects both domestically and internationally, and with each experience, including failures, I saw personal growth.
• The greatest appeal of our Group is its deep connection with society. There are countless opportunities to realize the desire to "contribute to society through manufacturing." Our business fields extend from the depths of the ocean to the far reaches of space.
• People are the core of our Group. To enhance individual capabilities, we provide various opportunities for challenges and growth. However, these opportunities are not only given but must also be actively pursued. We want you to identify social issues you are passionate about in your own life, align them with organizational goals, and continue to challenge yourself and grow.
• In your daily work, please especially keep in mind to "work cheerfully and enjoyably," "focus on the small tasks in front of you," and "be yourself." Mental and physical health are the foundation of life. When things are tough, there is actually an opportunity to rapidly develop your abilities. Also, small tasks support our Group's large businesses. The day will come when you will be entrusted with major work, so prepare thoroughly with humility and courage, and expand the areas where you can contribute. Be aware of how your work benefits society, set your own goals, and put them into practice.
• Our Group has many jobs that contribute to social progress, global-scale work, and work that only we can do. With the ambition and responsibility to proactively create and support society, let us maximize our Group's potential and continue to take on challenges on the global stage.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com

HONG KONG, Mar 17, 2026 - (ACN Newswire) - The 30th Hong Kong International Film and TV Market (FILMART) and EntertainmentPulse, organised by the Hong Kong Trade Development Council (HKTDC), is taking place from March 17 to 20 at the Hong Kong Convention and Exhibition Centre. The four-day event gathers global film and entertainment industry leaders to showcase new productions and cutting-edge technologies, while fostering discussions on international market trends and opportunities.

The Entertainment Expo Hong Kong, encompassing eight major entertainment events including FILMART and EntertainmentPulse, held its kick-off ceremony this afternoon at the FILMART venue. The ceremony was officiated by Chan Kwok Ki, Chief Secretary for Administration of HKSAR, Rosanna Law, Secretary for Culture, Sports and Tourism of HKSAR, Professor Frederick Ma, Chairman of the HKTDC, Dr Peter Lam, Chairman, HKTDC Entertainment Industry Advisory Committee, Dr Wilfred Wong, Chairman, Hong Kong International Film Festival Society, Qin Zhengui, Deputy Director General of Film Bureau and Managing Director of Screenplay Planning Center of the Publicity Department of Central Committee of Communist Party of China, Yang Yong, Deputy Director-General, Department of International Cooperation (Office of Hong Kong, Macao and Taiwan Affairs), National Radio and Television Administration, and representatives from the Expo’s event organisers.

The Expo is co-organised by the HKTDC and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), the Film Development Fund, and the Culture, Sports and Tourism Bureau. This year's opening ceremony celebrates both the 30th edition of FILMART and the 50th milestone of the Hong Kong International Film Festival (HKIFF), reaffirming their role in driving continuous growth for the city's entertainment industry.

At the kick-off ceremony of the Hong Kong Entertainment Expo cum 30th FILMART and 50th HKIFF Celebration, Professor Frederick Ma, Chairman of the HKTDC, stated: “The HKTDC celebrates its 60th anniversary this year and FILMART has been around for half of the HKTDC’s existence, making 2026 a special year for us. Over the years, FILMART has grown to become the world-recognised leading entertainment content marketplace of Asia, as well as a must-join event for the global entertainment industry. For the 30th edition, FILMART is more international than ever, presenting productions of over 790 exhibitors across a record high participation of 38 countries and regions, connecting them with 7,700 business visitors from about 50 countries and regions.”

Rising international participation with exhibitors driving cross-regional film and entertainment exchange

This year’s FILMART has attracted a record number of participating countries and regions. Exhibitors from emerging markets such as Belgium, Myanmar, Poland, Sri Lanka, and Uzbekistan are joining for the first time. Other participating countries and regions include the Chinese Mainland, Taiwan, France, Germany, Italy, Korea, Malaysia, the Philippines, Thailand, the United Kingdom, the United States and Vietnam, bringing broader international representation and further enhancing the event’s global reach. The Mainland contingent has expanded significantly, with a number of new provinces and municipalities participating, including Chongqing, Fujian, Guizhou, Shandong and Sichuan. Various leading mainland film and entertainment companies, including Tencent Video, Bilibili, iQIYI and Youku, are exhibiting at FILMART, leveraging the platform to expand their presence in overseas markets.

Major Hong Kong film and entertainment companies are also participating this year. Sil-Metropole Organisation and Mei Ah Entertainment will showcase their latest productions created using virtual reality and AI, highlighting the distinctive appeal of Hong Kong’s culture. Other local exhibitors include Media Asia, Edko Films, Golden Scene, Entertaining Power, Muse Communication, RTHK, Television Broadcasts Limited, MakerVille, i-Cable Communications, and more, will unveil upcoming projects and productions, offering new partnership and investment opportunities for industry players worldwide.

A total of 40 events will take place during FILMART. Highlights include the “Forum on International Communication Cooperation and Innovation for a New Vision”, organised by the International Cooperation Department of National Radio and Television Administration of China, and the “International Short Drama Association 2026 Asian Forum”. Major mainland production companies, such as Youhug Media and Linmon Picture Media, will also hold content showcases and launch events during the market. On the business front, multiple cooperation agreements will be signed at FILMART; the Sichuan Pavilion will host a project signing ceremony covering areas such as copyright trading and strategic collaboration. International participants are also actively engaging with the global industry. Thailand’s Ministry of Culture will present the country’s latest film and television projects, while activities organised by ICEX Spain Trade & Investment will explore creative collaboration and co-production opportunities between the Asian and European markets.

Producers Connect draws broad international participation to foster cross-border co-production

Producers Connect, jointly organised by the HKSAR’s Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the Hong Kong Film Development Council and the HKTDC, returns this year. Partnering with 10 international film institutions, including those from Chinese Mainland, Indonesia, Italy, Korea, Malaysia, the Philippines, Slovenia, Spain, the United Kingdom and Vietnam, the programme brings together more than 100 producers from Hong Kong and across the globe. Through a series of small group business matching sessions, Producers Connect designed to foster cross-cultural exchange and unlock new collaboration opportunities.

To further discuss emerging co-production trends, a dedicated forum themed “International Coproductions in an Evolving Film Industry Landscape” will be held tomorrow afternoon. The session will feature a distinguished line-up of speakers sharing forward-looking perspectives, including Peter Chan, renowned Hong Kong director, Janet Yang, Golden Globe-winning producer, and Singaporean Cannes-winning director Anthony Chen, alongside other industry professionals with extensive international co-production experience. Together they will share the latest developments in co-production from multiple perspectives and explore how Hong Kong and Asia’s film industries can broaden their global development horizon.

In addition, the fireside chats series will focus on business opportunities across key markets, including Asia, ASEAN and Europe, as well as the market strategies and commercial value associated with intellectual property expansion and the remaking of classic IP. A series of workshops will also be organised to enable industry professionals to better grasp emerging technologies and evolving market models while enhancing flexibility and possibilities for cross-regional collaboration.

AI Hub returns with upgraded scale to support mainland enterprises going global

The AI Hub, first introduced at last year’s FILMART to wide acclaim, returns this year with an expanded presence. Organised by the HKTDC and co-organised by the Hong Kong Association of Motion Picture Post Production Professionals, the AI Hub brings together leading mainland AI and technology companies, including Alibaba Cloud, Kling AI, MiniMax, Vidu, Nanjing Xuanjia Network Technology Co., Ltd., Daogu Culture Limited, and more. These exhibitors will present their latest applications and technological breakthroughs in areas such as AI generated content (AIGC), AI-generated short dramas and AI animation. Beyond showcasing cutting-edge technologies, the upgraded AI Hub also focuses on fostering commercial collaboration, supporting mainland technology enterprises as they go global and expand into new markets. Academic institutions, including The University of Hong Kong, The Hong Kong Academy for Performing Arts and Lingnan University, are also actively participating, contributing to the advancement of innovation in local film and entertainment production.

To further strengthen industry capabilities in AI adoption, this year’s edition also introduces the AI Academy, newly established with support from the CCIDA and the Film Development Fund. Through 18 thematic workshops, industry experts will explain practical applications and emerging trends of AI technologies across the filmmaking process, helping practitioners navigate transformation and upgrading across multiple stages—from creative development and filming to post-production and content promotion.

A dedicated panel session will be held tomorrow under the theme “Human-in-the-Loop: Balancing Cinematic Craft and Generative AI”. The panel will feature leading voices from the AI technology sector, including Yuhang Cheng, COO of the Midjourney China Club; Yunan Zhang, Vice President of MiniMax; and Fu Binxing, CEO of China Huace Film & TV Co., Ltd. Together they will explore the Human-in-the-Loop model of content creation, examining how filmmakers can effectively harness AI to enhance content quality while retaining creative leadership.

EntertainmentPulse explores film financing and global opportunities for short dramas

Held alongside FILMART, the fifth edition of EntertainmentPulse examines some of the most pressing issues in today’s film and entertainment market, including the global expansion of short dramas, opportunities and future directions for international co-productions, emerging models of collaboration between AI and film production, and the creation and expansion of global animation IP. Through these discussions, the forum provides the industry with in-depth and forward-looking market insights.

This year’s EntertainmentPulse also includes a dedicated session on film financing and investment. Industry leaders such as Justin Deimen, Managing Partner of Goldfinch International; Bennett Pozil, Executive Vice President and Head of Corporate Banking at East West Bank; and Catherine Ying, President of CMC Pictures and Pearl Studio, will share insights on financing trends and strategies in the Asian film industry, examining how film projects and co-productions can enter new markets while unlocking the commercial value derived from film and television IP. As the micro-short dramas boom continues to gain global momentum, the forum also features a dedicated seminar on this fast-growing format. Speakers include Wang Xiangbin, Founder and CEO of DataEye, a Mainland Chinese big-data company specialising in content marketing analytics, and Xiaoqian Chen, Vice President of Mansen (Shenzhen) Culture Media Co., Ltd, a major short dramas platform. They will examine the latest trends in the international expansion of Chinese mainland’s short dramas and explore emerging opportunities in overseas markets. Another highlight is a panel discussion featuring the production teams behind the Hong Kong Film Awards-nominated film Ciao UFO — including Amy Chin, Patrick Leung and Kong Ho Yan — alongside the team behind Unidentified Murder, represented by Kwok Ka Hei, Fung Wai Sze and Lee Chun Kit. Moderated by veteran Hong Kong film critic Thomas Shin, the discussion will explore how Hong Kong filmmakers preserve local cultural characteristics while responding flexibly to evolving market dynamics, opening up new possibilities for the development of the city’s film industry.

HKIFF Industry Project Market provides platform for industry exchange

The 24th Hong Kong – Asia Film Financing Forum (HAF), the core section of the HKIFF Industry Project Market, runs for three consecutive days from today (17–19 March 2026) within the FILMART venue. This year’s selection features 42 film projects from 22 countries and regions, representing a wide range of development stages. Among them, 13 are animation or genre projects spanning themes such as family-driven narratives, comedy, thriller, fantasy, action and science fiction, showcasing the diversity and creative vitality of Asian storytelling. All shortlisted projects will be presented alongside FILMART during the HKIFF Industry Project Market, providing opportunities for project teams to exchange ideas with industry professionals, present their latest development progress and creative direction, and foster collaboration across Asia and the wider international film community.

FILMART and EntertainmentPulse

Date:   17 – 20 March 2026
Website:
FILMART—  http://www.hktdc.com/hkfilmart
EntertainementPulse — https://hkfilmart.hktdc.com/conference/hkfilmart/en/programme

Entertainment Expo

Date: 15 March – 19 April 2026

Spectacular events: Three founding projects - Hong Kong International Film & TV Market (FILMART), Hong Kong International Film Festival (HKIFF), Hong Kong Film Awards (HKFA); and five core events: Asian Film Awards (AFA), Digital Entertainment Summit (DES), EntertainmentPulse (EP), Hong Kong - Asia Fim Financing Forum (HAF), Microfilm Production Support Scheme (Music)

Photo Download: https://bit.ly/4sPaX8q

Media Enquiries:

For enquiries, please contact:

Raconteur PR Agency

HKTDC Communication and Public Affairs Department:

HKTDC Mediaroom: http://mediaroom.hktdc.com/tc

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

TOKYO, Feb 26, 2026 - (JCN Newswire) - Mitomo Semicon Engineering Co., Ltd., a subsidiary of EEJA Ltd. (Head office: Chuo-ku, Tokyo; CEO: Akihiko Domae), which operates TANAKA’s plating business, announces that it will change its company name effective April 1, 2026, as outlined below.

Details of the company name change
Current name: Mitomo Semicon Engineering Co., Ltd.
New name: EEJA Technologies Ltd.

Mitomo Semicon Engineering is engaged in the design, manufacture, and sale of plating equipment for semiconductors and electronic components. With this company name change, the company will further strengthen collaboration with EEJA, which provides plating chemicals and processes, and will offer enhanced value to customers through total solutions that integrate plating chemicals, equipment, and process design.

Company name: Mitomo Semicon Engineering Co., Ltd.
(New company name: EEJA Technologies Ltd.)

Company name: EEJA Ltd.

Company name: TANAKA PRECIOUS METAL GROUP Co., Ltd.

About TANAKA

Since its foundation in 1885, TANAKA has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volume of precious metals it handles. Over many years, TANAKA has manufactured and sold precious metal products for industry and provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and worldwide collaborate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,591 employees, the group’s consolidated net sales for the fiscal year ended December 2024 were 846.9 billion yen.

TANAKA PRECIOUS METAL GROUP Co., Ltd.
TANAKA Corporate Website
https://www.tanaka.co.jp/english/

Press inquiries
TANAKA PRECIOUS METAL GROUP Co., Ltd.
https://www.tanaka.co.jp/support/req/other_contact_e/index.html

Press Release: https://www.acnnewswire.com/docs/files/20260226_EN.pdf 

HONG KONG, Feb 24, 2026 - (ACN Newswire) – February 22, Galaxy Payroll Group Limited (NASDAQ: GLXG) (“Galaxy” or the “Company”), a Nasdaq-listed human resources solutions provider, today announced that it has formally renewed a five-year strategic cooperation agreement with NIKE China Holding HK Limited (Macau Branch) (“Nike Macau Branch”).

Five-Year Renewal with Comprehensive HR Service Coverage

Pursuant to the agreement, the renewed cooperation term will commence on December 1, 2025 and continue through November 30, 2030. During this period, Galaxy will continue to provide Nike Macau Branch with a comprehensive suite of human resources outsourcing services, including local payroll processing, attendance and leave management, social security and tax compliance filings, as well as advisory services relating to labor regulations and employment policies.

This integrated service model is designed to enable Nike Macau Branch to focus on its core retail and brand operations while enhancing overall organizational efficiency and compliance management.

Strategic Renewal Reflects Client Confidence and Enhances Revenue Visibility

The renewal marks an important milestone in the long-standing relationship between the parties and reflects the continued trust placed in Galaxy’s professional capabilities, compliance standards, and service delivery quality by a leading international brand.

The execution of a multi-year agreement is expected to enhance the Company’s revenue visibility and cash flow stability over the next five years, further aligning with its capital markets strategy of building a high-quality, resilient, and sustainable business model. While the agreement provides for long-term cooperation, actual results may vary and remain subject to market and operational conditions.

Local Expertise and Scalable Service Infrastructure as Core Competitive Advantages

Since its establishment in 2013, Galaxy has focused on the Hong Kong and Macau markets while progressively expanding its cross-regional service capabilities. The Company has developed deep expertise in Hong Kong and Macau labor laws, taxation, and social security regulations, forming a strong local compliance foundation.

Through a service framework that combines standardized operational processes with customized solutions, Galaxy delivers consistency and scalability across its client base. Its proprietary payroll and attendance management platform enhances operational efficiency while supporting data security and business continuity, serving as a key differentiator in attracting and retaining multinational enterprise clients.

Throughout prior phases of cooperation, Galaxy has supported Nike Macau Branch in navigating complex employment and compliance environments. The Company’s solutions have demonstrated reliability in accuracy, responsiveness, and risk control, providing a solid foundation for this long-term renewal.

Looking Ahead: From Service Delivery to Value Co-Creation

Entering the new cooperation cycle, Galaxy intends to further optimize payroll workflows and intelligent attendance systems within the existing service framework. Through enhanced data integration and periodic management reporting, the Company aims to support the client’s ongoing efforts toward standardized and digitalized human resource management.

The parties have also agreed to retain flexibility to expand the scope of services through supplemental agreements, enabling the partnership to evolve in alignment with the client’s business development.

The renewal of this five-year strategic agreement not only represents long-term recognition of Galaxy’s professional value, but also underscores the sustainability of its business model. It is expected to further strengthen the Company’s brand presence in the Hong Kong, Macau, and broader Asia-Pacific human resources outsourcing markets, while serving as a replicable benchmark case for multinational retail, sports, and consumer brands.

As global enterprises increasingly prioritize compliance efficiency, cost optimization, and organizational resilience, Galaxy continues to leverage its localized expertise, robust service infrastructure, and high-quality client base to build sustainable long-term growth momentum.

The Company’s management commented: “We will continue to place service capability at the core of our growth strategy, deepen strategic cooperation with existing high-quality clients, and proactively expand relationships with multinational and regional enterprises that offer long-term value, with the goal of delivering steady and sustainable returns to our shareholders.”

Contact information

June Tuo
Tel: +852-5983-9260
Phone: +86-1392-3804-279
Intelligent Joy Limited