"All Toshiba had to do was agree to an independent investigation,” said an expert on corporate governance in Japan. "But for some reason, they refused.”
For Takako Taniguchi's latest contributions to The Japan Times, see below:
Nomura Holdings Inc. raised its pretax income target for the financial year ending March 2023 by 14%, with the bulk of growth expected to come from its wholesale division as it moves on from the implosion of Archegos Capital Management. Japan’s biggest brokerage expects pretax ...
The firm has vowed to strengthen its risk management after being stung by the collapse of the U.S. family office capital management firm.
The $2 billion claim on a single client risks largely erasing Nomura’s pretax profits for the second half of the year, according to a Jefferies Financial Group report.
A new team will look beyond stock offerings, corporate debt issuance and other more conventional areas of corporate finance to drive growth.
One of the goals of the review is to prevent firms from exaggerating or misrepresenting the environmental, social or governance benefits of their funds to attract investors.
Bitcoin’s fivefold jump in the past year has come amid a flood of money pumped into the global financial system during the coronavirus pandemic.
The firm’s Japanese banking and brokerage arms selected 10 people in January to serve as specialists in environmental, social and governance factors.
The company’s majority-owned securities joint venture in Shanghai has won more than 300 customers for services including wealth management.
The firm may introduce a minimum 40% of hours to be spent in the office each month, and departments would have discretion within that limit.