Omiya

Hideaki Omiya, chief executive of Mitsubishi Heavy Industries Ltd., one of Japan's largest makers of nuclear-plant equipment, said earlier this week that he is confident nuclear plants will resume operations after they gain approvals from local officials.

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Mr. Omiya said he expects to see strong demand at home and abroad for power-generation equipment, especially natural-gas-fired plants.

Mitsubishi Heavy Predicts Restart for Japan Reactors Chester Dawson 2012

Noting that Mitsubishi Heavy loses about ¥5 billion for every one yen appreciation in Japan's currency against the dollar, Mr. Omiya said the company might shift more of its output overseas.

Mitsubishi Heavy Predicts Restart for Japan Reactors Chester Dawson 2012

A third character, the Gentleman Daisuke Omiya , acts as the Creep's nemesis.

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The company abandoned a goal of doubling its annual nuclear revenue of ¥200 billion to ¥300 billion by 2014, Mr. Omiya said.

Mitsubishi Heavy Predicts Restart for Japan Reactors Chester Dawson 2012

"My sense is that this process will be completed by spring, and from spring to summer this year there will be a resumption of operation at some power plants," Mr. Omiya said.

Mitsubishi Heavy Predicts Restart for Japan Reactors Chester Dawson 2012

"There's been a severe backlash against nuclear-plant construction in Japan so we don't expect to see a lot of new reactors here for some time," Mr. Omiya said.

Mitsubishi Heavy Predicts Restart for Japan Reactors Chester Dawson 2012

But Hideaki Omiya , Mitsubishi Heavy's president and chief executive, said during an interview with The Wall Street Journal that he is confident the plants will resume operations soon, after they gain approvals from local officials nearby.

Mitsubishi Heavy Predicts Restart for Japan Reactors Chester Dawson 2012

"We're worried about how the European crisis will affect the overall Japanese economy," Mr. Omiya said.

Mitsubishi Heavy Predicts Restart for Japan Reactors Chester Dawson 2012

PS – if you perchance travel outside the Midtown region, check out Omiya in Bay Ridge.

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