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April 26, 2024
 

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ACCOUNTING

Japan Times
JAPAN / Media / Japan Pulse
Jan 25, 2020
Kakeibo: Turning a dull aspect of Japanese life into social media gold
At some point in the past decade, the international notion of “weird Japan” — a view in which the country produces more quirky and wacky trends than many other nations, regardless if said example is actually widespread — took a back seat to “boring but profound Japan.” 
BUSINESS / Companies
Nov 28, 2019
Fired former executive claims Japan Display engaged in accounting fraud
A former financial executive of Japan Display Inc. has claimed that the ailing company was engaged in accounting fraud in the past.
Japan Times
JAPAN / EXPLAINER
Apr 3, 2017
Judging Japan Inc.'s health through financial reporting
On March 14, Toshiba Corp. announced it will delay, for the second time, the release of its financial earnings for the third-quarter period until April 11, saying it needs more time for an audit of its accounting problems at U.S. nuclear unit Westinghouse, which filed for bankruptcy protection last week.
Japan Times
JAPAN
Mar 19, 2016
Ex-Toshiba chief questioned over falsified financial reports
Hisao Tanaka is believed to have denied any wrongdoing. The securities watchdog also plans to question two of the ex-president's predecessors.
Japan Times
BUSINESS / Companies
Mar 18, 2016
Toshiba sees finances improving after narrowing its business
Toshiba Corp. said its profitability will improve in the next fiscal year as it scales back on products such as personal computers and home appliances.
Japan Times
BUSINESS / Companies
Dec 10, 2015
Toshiba to end TV production, shrink staff, sell assembly plants overseas
Toshiba Corp. is planning to withdraw from TV manufacturing by selling its factories abroad, a source has said.
BUSINESS / Companies
Dec 7, 2015
Toshiba shareholders sue former executives over cooked books as firm fined record ¥7.37 billion
A group of shareholders file a suit against Toshiba Corp. and its former executives, seeking ¥300 million in damages over illicit accounting practices.
BUSINESS
Nov 5, 2015
Akebono Brake backpedals on earnings report amid probe into suspected inflated revenue
Akebono Brake Industry Co. delayed the release of its earnings and began an investigation into its accounting after finding evidence that the Japanese auto-parts maker inflated its revenue.
BUSINESS / Companies
Sep 10, 2015
S&P downgrades scandal-hit Toshiba, with 'negative' outlook
U.S. credit rating agency Standard & Poor's said Wednesday that it has downgraded Japanese electronics company Toshiba Corp.'s long-term corporate credit to "BBB-" from "BBB," stating that confusion in its operations arising from "inappropriate" accounting may continue to have a negative impact on its earnings.
BUSINESS / Companies
Aug 27, 2015
Toshiba eyes appointing Shiseido adviser Maeda as board chairman
Toshiba Corp. is considering naming Shinzo Maeda, senior adviser to cosmetics-maker Shiseido Co., as chairman of its revamped board in order to improve corporate governance at the industrial conglomerate that's mired in an accounting scandal, sources close to the matter said Thursday.
Japan Times
BUSINESS / Companies / FOCUS
Aug 14, 2015
Toshiba scandal highlights need for diversity in corporate Japan
An accounting scandal engulfing Japanese conglomerate Toshiba Corp. has exposed how closed corporate culture, still prevalent even at globally well-known companies in the country, plagues corporate governance.
COMMENTARY / Japan
Jul 31, 2015
Japan's Enron reckoning
The Toshiba scandal should be an impetus for the Abe government to do even more to improve corporate governance.
Japan Times
BUSINESS / Companies
Jul 30, 2015
Toshiba unveils more exec pay cuts over accounting scam
Toshiba Corp. has announced an additional round of punishments over its accounting scandal — pay cuts affecting 16 executives, including Chairman and President Masashi Muromachi — and the resignation of another executive.
BUSINESS / Markets
Jul 30, 2015
After rough bond performance, Toshiba seen facing more capital hits
Toshiba Corp.'s bonds were Japan's biggest losers this month, and the worst may not be over in the nation's latest accounting scandal.
EDITORIALS
Jul 23, 2015
Learning from the Toshiba scandal
It remains to be seen if the exit of Toshiba's top executives will change the corporate culture that produced the massive accounting scandal.
BUSINESS / Companies
Jul 22, 2015
Troubled Toshiba to sell $1 billion stake in Finnish elevator maker Kone
Toshiba Corp. is selling a $1 billion stake in Finnish elevator and escalator maker Kone Oyj as the Japanese group moves to bolster its balance sheet amid a probe into accounting irregularities.
JAPAN
Jul 21, 2015
Probe finds that pressure by management contributed to Toshiba wrongdoing
Toshiba Corp. must correct at least ¥152 billion in pretax earnings over seven years after an internal accounting probe revealed the company overstated profits under pressure from management.
EDITORIALS
Jul 15, 2015
Toshiba's cooked books
Unless it's determined why Toshiba's existing governance mechanism failed to prevent accounting irregularities it will be difficult to prevent similar incidents in the future.
BUSINESS / Companies
Jul 11, 2015
Toshiba president to quit amid 'padded profits' inquiry
Third-party panel expected to report that President Hisao Tanaka pressed subordinates to report high profits.
Japan Times
BUSINESS / Companies
Jul 10, 2015
Toshiba president pressed subordinates to improve profits
The president of Toshiba Corp., which has been embroiled in an accounting scandal, placed intense pressure on his subordinates to meet profit targets, potentially driving them to pad profits, sources familiar with the matter said Friday.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Over 40% of Japan's municipalities at risk of vanishing, study finds
Of 1,729 local municipalities nationwide, 744 have been identified as being at risk of disappearing.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Japan's former PM Aso meets Trump for talks on security and economy
Former U.S. President Donald Trump and Taro Aso, vice president of Japan's ruling Liberal Democratic Party, in New York on Tuesday. The Japanese government’s top spokesman on Wednesday played down the meeting as one conducted "in the capacity of one lawmaker" and “without the government’s involvement.”
For amateur sumo, a fresh start offers hope against time-wasting and gamesmanship
Wrestlers prepare for the start of a bout at the 2023 Sumo World Championships in Tokyo. Starting this month, placing one hand on the clay first is no longer allowed.
LDP veteran Nikai's youngest son expected to succeed him in Wakayama
Toshihiro Nikai, former secretary-general of the Liberal Democratic Party, announced in March that he would not run in the next Lower House election to take responsibility for the political funds scandal that rocked his party and his own faction.
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.
A craft beer crawl through Tokyo’s top bars, brewpubs and dives
If all you drink is Asahi, Sapporo and Kirin, you're depriving yourself of some of the best craft beer Tokyo has to offer — and there sure is a lot of it out there.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores
By Alex K.T. Martin

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