Tepco shrugs off activist investors

Jun 26, 2014

Tepco shrugs off activist investors

by Kazuaki Nagata

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. ...

Jun 28, 2013

ANA, MUFG taken to task at shareholder meets

Shareholders’ meetings peaked Thursday as investors focused on strategic decisions to take advantage of the surge in confidence being credited to Prime Minister Shinzo Abe’s aggressive economic ploys. A total of 718 companies listed on the Tokyo Stock Exchange held their annual meetings Thursday, ...

Reactor operators face shareholders

Jun 27, 2013

Reactor operators face shareholders

Utilities, struggling amid the prolonged halt of nearly all of the nation's nuclear reactors, express eagerness to restart their facilities during shareholders' meetings, shrugging off proposals from some stockholders to halt the country's reliance on atomic power.

Jun 26, 2013

Sharp chief promises a return to profitability

The president of struggling electronics maker Sharp Corp. vowed at a shareholders meeting Tuesday to do everything possible to turn its fortunes around in the current business year, while facing criticism for incurring massive net losses for the second straight year. “We truly apologize ...