Shareholders pressure utilities to ditch nuclear power

Jun 25, 2015

Shareholders pressure utilities to ditch nuclear power

Shareholders and politicians on Thursday urged the nation’s top utilities to exit nuclear power as the central government moves to restart reactors idled by public safety fears in the wake of the triple core meltdown in Fukushima Prefecture in 2011. Despite a number of ...

Toshiba president apologizes to shareholders for accounting crisis

Jun 25, 2015

Toshiba president apologizes to shareholders for accounting crisis

Toshiba Corp. President Hisao Tanaka said Thursday that securities regulators investigated its accounting practices in February, well before it revealed major problems with its books on April 3. “We need to create a new Toshiba so something like this will never happen again,” Tanaka ...

Jun 23, 2015

Sharp CEO faces calls for resignation as shareholder anger mounts

Sharp Corp. Chief Executive Officer Kozo Takahashi was approved by shareholders on Tuesday after facing calls for his resignation at the struggling Japanese television and display maker’s annual meeting. “Letting the president stay is unacceptable,” one elderly stock-owner said at the meeting in Osaka, ...

May 22, 2015

Cerberus lowers stake in Seibu

U.S. private equity firm Cerberus has reduced its stake in Seibu Holdings Inc. by 9.9 percentage points to 25.6 percent, informed sources said Friday. Cerberus, the top shareholder of Seibu, is believed to have started to lock in profits following a rise in the ...