The demand comes after an investigation found the company had colluded with the government to pressure foreign investors.
For Makiko Yamazaki's latest contributions to The Japan Times, see below:
The public pushback by the independent directors, all non-Japanese, shows how the old guard of Japan Inc. can no longer exert full control over shareholders.
The attack, by the same hacking group said to be involved in the Colonial Pipeline attack, overshadowed an upbeat profit forecast and a strategic review announcement.
Insiders say an 'industry custom' of termination fees keeps profitable business in the hands of a few big trust banks because newcomers balk at the cost.
Sponsors also worry that organizers have not told them what contingency plans there are in case the pandemic derails the games again this year.
Iris Ohyama has made a name through reasonably priced electronics, and launches more than 1,000 new products a year.
Because receipts were issued a day after voting forms were received, some were mistaken for being late even though they'd been delivered on time.
A rethink of the factory floor has been prompted by COVID-19, leading to an increased use of robots in manufacturing.
The incident is likely to raise fresh questions about the relationship between foreign investors, who make up 60 percent of Toshiba's shareholders, and the company.
The news illustrates how Japan's tighter rules on foreign ownership may also be used to keep activist shareholders in check.