Kyoto Tower to be Renamed "Nidec Kyoto Tower"

KYOTO, Mar 22 (News On Japan) - Nidec Corporation, an electronics manufacturer based in Kyoto, has announced that it has entered into a naming rights agreement with Keihan Group, which operates Kyoto Tower.

Kyoto Tower, standing at 131 meters, has been a landmark of the city since its opening in 1964. Known as the "Lighthouse of the City," it is the tallest structure in Kyoto.

Starting April 1st, Kyoto Tower will be renamed "Nidec Kyoto Tower." This year marks the 60th anniversary of Kyoto Tower's opening, and it will be the first time the tower's name includes a corporate name.

Local residents have mixed feelings about the change. One person said, "I think it's a good thing. If Nidec's efforts in Kyoto become known worldwide, it will also benefit Kyoto." Another person commented, "It feels a bit strange. I wonder if people will still say 'Let's go to Kyoto Tower.'"

Nidec Corporation stated, "As a company based in Kyoto, we want to support and energize the local community."

Source: MBS


MORE Business NEWS

Nippon Steel has announced a postponement of its acquisition timeline for major American steel manufacturer U.S. Steel, from the end of September to the end of December.

As harsh summer heat is expected nationwide, applications for insurance against the risk of heatstroke have surged, reaching approximately 4,000 in just one week since sales began.

A new cruise ship terminal has been completed at Tempozan in Osaka, and it was unveiled to the press on May 2nd.

POPULAR NEWS

Amid global wheat shortages due to abnormal weather conditions and the depreciation of the yen, Japan is seeing price hikes and suspensions in the sale of products like orange juice, leading some to turn to domestic alternatives like mandarin juice. One such alternative gaining attention as a substitute for imported goods is rice flour.

Ahead of Children's Day, Japan's Ministry of Internal Affairs and Communications released an estimate of the country's child population, revealing a decrease of 330,000 compared to the previous year. The population of children under 15 dropped for the 43rd consecutive year, reaching a record low since data collection began in 1950.

Sony Pictures Entertainment, under the Sony Group, in partnership with an American investment firm, has proposed a joint acquisition of the U.S. media giant Paramount Global for approximately 4 trillion yen ($26 billion), as reported by multiple American media sources.

Naoya Inoue, Japan's undisputed super bantamweight world champion said Saturday he has high hopes for the defense of his four belts against Mexico's Luis Nery when they fight on Monday. (Kyodo)

Atami, one of Japan's premier hot spring destinations, is witnessing a full-fledged revival. Land prices in the area have increased by 13%, and there's a surge in new eateries opening their doors. Inquiries for resort condominiums built during the bubble era have risen by 1.5 times.

FOLLOW US