Mitsubishi Rayon's acrylic fiber production facilities in Japan and China have a combined output capacity of 182,000 tons a year. It aims to lower this figure to 132,000 tons by reducing the production of general-purpose acrylic fiber and shifting its focus toward high-value-added variations of the material.

Some Japanese acrylic fiber production facilities may be converted to produce carbon fiber yarn. The firm intends to boost sales from its carbon fiber operations by 17 per cent from fiscal 2007 to 55 billion yen (US$525.96 million) in fiscal 2010.

Mitsubishi Rayon has set a goal of achieving 500 billion yen in sales in fiscal 2010. Its return on equity in that year is expected to come to 8.5 per cent.

The company plans to raise capital investment between fiscal 2008 and 2010 to 130 billion yen, up 36 per cent from the preceding three years.

Taking into account higher fuel and materials prices, Mitsubishi Rayon forecasts an operating profit of 40 billion yen in fiscal 2010, largely unchanged from 39.6 billion yen fiscal 2007.

(Nikkei)

Moody's said the outlook for all the ratings is stable, reflecting its view that Mitsubishi UFJ Lease will maintain its franchise value backed by its relationship with the Mitsubishi UFJ Financial Group.

The rating agency said Mitsubishi UFJ Lease, with a strong customer base and firm footing in its main business area, has expanded its non-leasing business activities, which Moody's believes could contribute to the diversification of earning sources.

Mitsubishi UFJ Lease has also implemented an integrated risk management structure which addresses and measures a number of categorised risks and represents the management's advanced approach towards risk management, Moody's added. TFN.newsdesk@thomson.com ume/jro

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For years, NVIDIA's successful GeForce FX Go series of graphics processing units (GPUs) have delivered breakthrough 3D imagery primarily for the PC Gamer. Its GeForce 3D stereoscopic technology is a driver for Windows Vista(R), which renders two views for stereoscopic display systems to show depth with Microsoft(R) DirectX(R) games. The 3D stereoscopic driver is compatible with all GeForce 7 series and higher GPUs, which in turn are compatible with Mitsubishi's 3D-ready Home Theater TVs.

"NVIDIA is extremely excited about its new relationship with Mitsubishi and Aspen Media Products, and is fully committed to bringing 3D technology to the home entertainment market," said Ujesh Desai, general manager, NVIDIA Corporation. "This is an unparalleled industry first, and we are proud to play a key role in providing a complete 3D home entertainment solution to the consumer."

Aspen Media Products focus is on the integration of best-of-breed products and services that enhance the user experience, and the delivery of best-in-class technology to marry entertainment with simplicity.

"The Aspen Media Server has delivered on-demand music, movies and other entertainment programming to the home since its introduction. Now with the increased production of 3D content such as movies, live events, concerts and sports, the Aspen Media server provides an ideal platform to deliver the latest in 3D entertainment technology to the consumer," said John Oliver, chief executive officer, Aspen Media Products. "We are excited to work with two great industry leaders, Mitsubishi Digital Electronics America and NVIDIA, to bring this amazing new solution to consumers."

Mitsubishi's entire product line of Home Theater TVs feature 3D-ready technology. The company continues to lead the competition with the largest Home Theater HDTV available at 73". This year's product line includes three new 73" models along with 60" and 65" sizes -- all featuring thinner frames, increased brightness and 3D-ready capability. Mitsubishi's 1080p Home Theater TVs provide unparalleled picture quality that far exceeds competitive displays, and deliver an optimal experience to enjoy the new generation of 3D home entertainment.

About Mitsubishi Digital Electronics America, Inc.

Mitsubishi Digital Electronics America, Inc., an Official Sponsor of The PGA TOUR, manufactures and markets a comprehensive line of premium quality 1080p DLP(R) HDTVs and 1080p LCD Flat Panel HDTVs. Recognized as the world leader and innovator of large display high-definition televisions, Mitsubishi Digital Electronics America builds products that lead the industry in quality, performance and ease-of-use. For more information about Mitsubishi Digital Electronics America, Inc., please visit: http://www.mitsubishi-tv.com

About NVIDIA Corporation

NVIDIA (Nasdaq: NVDA) is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce(R) products, the professional design and visualization market with its Quadro(R) products, and the high-performance computing market with its Tesla(TM) products. NVIDIA is headquartered in Santa Clara, California and has offices throughout Asia, Europe, and the Americas. For more information about NVIDIA Corporation, please visit: http://www.nvidia.com

About Aspen Media Products, LLC.

Much like the Aspen tree becomes a forest from one seed, Aspen Media Products has grown from one idea into a matrix of best-of-breed technologies. Previously named Cutting Edge PC's, with a focus on building Media Servers, Aspen Media now focuses on the complete Digital Lifestyle. We have spent over 8 years researching the Home Theater, Home Automation and Digital Media markets. Paying close attention to the consumer and technology, we have closed the gap in today's digital market. We have focused on best in class entertainment, home management and control. Our Team is made up of Computer, Home Theater and Home Automation industry experts. In each area we have certified technicians and customer oriented professionals. Our partners range from Microsoft and Seagate to Cortexa, Video Giants and HAI. For more information about Aspen Media Products, LLC, please visit: http://www.aspenmediaproducts.com

SOURCE Mitsubishi Digital Electronics America, Inc.

http://www.mitsubishi-tv.com

The stable outlook reflects Fitch's expectation that Mitsubishi's net debt equity ratio will remain at the current level as its debt will keep increasing in proportion to the improvement of its equity base.

At the same time, the ratings agency has affirmed and simultaneously withdrawn Mitsubishi's 'F1+' short-term foreign and local currency ratings. tfn.newsdesk@thomson.com pvi/ssa

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