Otsuka Kagu familial feud nears climax

Mar 25, 2015

Otsuka Kagu familial feud nears climax

by Kazuaki Nagata

A battle between the founder of Otsuka Kagu Ltd. and its current president, who also happen to be father and daughter, is expected to turn into a proxy fight at the company’s annual shareholders’ meeting scheduled for Friday, with the result deciding the fate ...

Mar 13, 2015

Fanuc mulls boosting investor returns as Loeb calls for change

Three weeks after billionaire investor Daniel Loeb started a public campaign demanding changes at the industrial robot-maker, Fanuc Corp. says it will consider ways to increase investor returns. Its stock surged. The company, one of the most secretive in Japan, will start what it ...

Mar 11, 2015

Major U.S. shareholder backs Otsuka Kagu restructuring

A new management structure put forward by the president of furniture retailer Otsuka Kagu Ltd. has received support from major shareholder U.S. investment fund Brandes Investment Partners LP, the company said. Amid a deep division over management policy, Otsuka Kagu President Kumiko Otsuka and ...

Shareholders OK Daiei's plan to become fully owned Aeon unit

Nov 26, 2014

Shareholders OK Daiei's plan to become fully owned Aeon unit

During an extraordinary meeting on Wednesday, shareholders of Daiei Inc. approved the struggling supermarket chain’s plan to become a wholly owned unit of major retailer Aeon Co. through equity swaps in January next year. Through the Aeon group’s realignment, the trade name of Daiei ...

Son commits to Wi-Fi spots for foreign visitors

Jun 20, 2014

Son commits to Wi-Fi spots for foreign visitors

by Kazuaki Nagata

SoftBank Corp. CEO Masayoshi Son said Friday the company will offer free Wi-Fi to foreign tourists in Japan. Son was replying to a question from an individual investor during SoftBank’s annual shareholders’ meeting on whether it will provide free wireless Internet access to international ...

Jun 20, 2014

Foreigners set record for shares

Foreign investors owned a record 30.8 percent of listed companies’ shares at the end of fiscal 2013, up 2.8 points from a year before, according to stock exchange data. The percentage of shares held by foreigners hit a record high for the second year ...