Myanmar faces wider business fallout after Kirin retreat
Companies and investors are weighing the impact of a military coup that has thrust the once-thriving nation into a state of emergency.
Tokyo bourse sets out sustainable investing pathway
Tokyo Stock Exchange Inc. and its parent company have made available a handbook to assist listed firms identify, track and disclose their ethical credentials.
Brave new world of ESG bonds can sometimes leave investors cold
A new type of bond that penalizes issuers for failing to meet social and environmental goals is raising concern that buying the debt may not be all that ethical.
It has come to light that the power supplier secretly gave partial compensation to retired executives for pay cuts conducted due to poor business performance.
Toshiba shareholder 3D Investment wants independent probe into AGM vote
A major investor in Toshiba Corp. has called for a third-party investigation into the conglomerate's annual shareholders meeting, saying its vote was not fully recognized in a potential breach of governance. The demand from Singapore-based 3D Investment Partners is likely to sharpen scrutiny of the ...
Kepco slammed by shareholders over culture that led to gift scandal
The scandal could have been prevented if the firm had disclosed management information fairly, said a lawyer representing Osaka Municipal Government.
Japan to launch probe into murky coronavirus relief deal linked to Dentsu
The Service Design Engineering Council, which was contracted to implement the program for ¥76.9 billion, outsourced the task to the advertising agency for ¥74.9 billion.
The Japan Post Holdings Co. group has revoked the insurance-selling certificates of 75 post office workers for their improper sales of Japan Post Insurance Co. products, while reprimanding two others. The insurance sellers encouraged customers to buy insurance contracts by giving them false explanations in ...
Japan Post gets proposal to cut 10,000 jobs amid falling revenue
Japan Post Holdings Co. has received a proposal by a group company to cut 10,000 jobs, as the scandal-hit company seeks to offset deteriorating earnings in the financial business by slashing labor costs, a source close to the matter said Monday. Japan Post Bank Co., ...
Over 1,400 Japan Post workers improperly sold insurance products, probe finds
The Japan Post Holdings Co. group said Thursday it had confirmed Japan Post Insurance Co. products were sold improperly by 1,447 post office workers. An in-house investigation conducted through Feb. 19 also found sales clerks committed a total of 1,761 violations of the law or ...
In fresh scandal for Toshiba, subsidiary found to have booked ¥43.5 billion in fictitious sales
Toshiba Corp. said Friday that a subsidiary booked fictitious sales of ¥43.5 billion in 26 transactions recorded only on paper. The scandal may again throw Toshiba into a crisis similar to its massive accounting fraud in 2015. The subsidiary in question is Toshiba IT-Services Corp. based ...
Japan Post to probe more insurance contracts as sales scandal grows
Japan Post Holdings Co. says it will look into 220,000 more insurance contracts — signed by around 60,000 customers — that are suspected of being part of a widening scandal involving improper sales. In an announcement Friday, the former state-owned postal group also said that ...
