Jun 28, 2016

Idemitsu founding family opposes planned merger with Showa Shell

The founding family of Idemitsu Kosan Co. opposes its planned merger next April with Showa Shell Sekiyu K.K., the family’s representative said Tuesday, clouding the outlook of the creation of one of the largest oil distributors in Japan. The founding family, which owns a ...

Shareholders urge Japan's utilities to end nuclear power generation

Jun 28, 2016

Shareholders urge Japan's utilities to end nuclear power generation

Shareholders urged nine power companies Tuesday to end nuclear power generation, reflecting safety concerns lingering since the 2011 Fukushima disaster. However, the proposals were turned down at the firms’ shareholders meetings. The companies, including Tokyo Electric Power Company Holdings Inc., operator of the crippled ...

Jun 23, 2016

Pay for Hitachi's Americas boss outshines that of other executives

Jack Domme, Hitachi Ltd. chief executive for the Americas, received ¥900 million in pay for fiscal 2015, far exceeding the remuneration of the firm’s other leaders, officials said Wednesday. Domme is the highest-paid Hitachi official on record, the company’s data show. In the same ...

Jun 22, 2016

Toshiba chief vows to regain trust at shareholders meeting

Toshiba Corp. President Masashi Muromachi vowed Wednesday to rebuild trust in the electronics and machinery giant after an accounting scandal. “We’re resolved to do all we can to win back trust and restore the value of the firm,” Muromachi told a general shareholders meeting ...

Tepco shrugs off activist investors

Jun 26, 2014

Tepco shrugs off activist investors

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Tokyo Electric Power Co. shot down a bevy of anti-nuclear policy proposals lobbed up by irate shareholders at its annual meeting Thursday in Tokyo and vowed instead to restart its idled reactors. Some 2,150 shareholders attended the meeting in Chiyoda Ward. Outside, anti-nuclear activists ...

Panasonic on track to finish reforms in '14

Jun 26, 2014

Panasonic on track to finish reforms in '14

The president of Panasonic Corp. said Thursday that the electronics giant’s restructuring will be completed this fiscal year and be used as a springboard for reaching group sales of ¥10 trillion in fiscal 2018. “We will position the current business year as the time ...

Mizuho boss vows reforms after loan scandal

Jun 24, 2014

Mizuho boss vows reforms after loan scandal

The president of Mizuho Financial Group Inc. pledged Tuesday to improve corporate governance, including through the establishment of oversight committees, to prevent any more scandals involving loans to yakuza. “We will try to regain the public’s trust through renewed efforts to sever ties with ...

Sony CEO apologizes for another steep loss

Jun 19, 2014

Sony CEO apologizes for another steep loss

Sony Corp. Chief Executive Officer Kazuo Hirai apologized to investors Thursday after the maker of PlayStation consoles and Xperia smartphones projected a sixth loss in seven years. “Sorry that we failed to meet shareholders’ expectations,” Hirai said at the company’s annual meeting in Tokyo. ...

Jun 17, 2014

Toyota growth plans focus on hybrid segment

Toyota Motor Corp. President Akio Toyoda said Tuesday the company will focus heavily on hybrid vehicles as it tries to drive further growth. The company aims to improve the fuel efficiency of hybrid vehicles and launch 15 new models in the next two years. ...