For Makiko Yamazaki's latest contributions to The Japan Times, see below:
It also announced a special dividend of ¥160 per share, worth some ¥70 billion, in an apparent effort to placate activist shareholders it has long been at odds with.
The banks are facing increasing risks and dwindling opportunities, testing their staying power.
Recent votes by shareholders allow Taro Shimada to keep — at least for now — businesses pivotal to his digital strategy that predecessors had planned to sell.
The result of the extraordinary general meeting appears to leave Toshiba with no immediate clear direction.
The company's decision to instead split itself in three has widened the gulf between the conglomerate and a number of its hedge fund investors.
The demand comes after an investigation found the company had colluded with the government to pressure foreign investors.
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.
