Tag - corporate governance

 
 

CORPORATE GOVERNANCE

Nissan Motor slashed its earnings outlook earlier this month and said it would cut 9,000 jobs and a fifth of its manufacturing capacity.
BUSINESS / Companies
Nov 21, 2024
Hedge fund Effissimo stirs speculation with its stake in Nissan Motor
News of the investment sent Nissan’s shares soaring 13% on Nov. 12.
Tokyo Gas’ LNG terminal in Sodegaura, Chiba Prefecture
BUSINESS / Companies
Nov 20, 2024
Tokyo Gas shares jump most since 1987 after activist fund discloses major stake
Elliott Investment Management said it now owns more than 5% of Tokyo Gas and may make "important proposals” to the utility provider.
Japan’s megabanks have resumed trading activities with Nomura Holdings, people with knowledge of the matter said.
BUSINESS / Companies
Nov 18, 2024
Nomura's trading clients return after market manipulation probe
Many of the firms returned to Nomura after the brokerage explained measures it is taking to prevent a recurrence of the breach, sources said.
A factory in Kakamigahara, Gifu Prefecture. Even among profitable small and medium-sized enterprises, it is not uncommon for business owners to shut down due to aging and a lack of successors.
BUSINESS / Companies / FOCUS
Nov 16, 2024
Japan issues warning over bad-faith buyers in small business M&As
As M&As gain attention as a viable option for business succession, measures are being introduced to raise awareness and safeguard companies.
There is a broad shift in Japan’s business environment, where long-standing relationships are being challenged by foreign and activist investors looking for merger and acquisition deals.
COMMENTARY / Japan
Nov 15, 2024
Japan's newfound love of M&A makes for strange bedfellows
There is a broad shift in Japan’s business environment, where long-standing relationships are being challenged by foreign and activist investors.
Mizuho Financial CEO Masahiro Kihara during a news conference in Tokyo on Nov. 14
BUSINESS / Companies
Nov 14, 2024
Japan’s biggest banks raise profit goals, unveil buybacks
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group now project a combined ¥3.7 trillion ($24 billion) in profit this fiscal year.
Seven & I Holdings on Wednesday said that it has received a nonbinding offer for the company from Junro Ito, a vice president and representative director of the company, and Ito Kogyo, a company connected to him.
BUSINESS / Companies
Nov 13, 2024
Seven & I considers massive management buyout offer
The offer brings together a member of the company’s founding family, a giant trading company and some of Japan’s largest banks.
John Tierney is replacing Jonathan Lewis as CEO of Nomura Europe Holdings and Nomura International, the bank’s key European subsidiaries, according to a statement Tuesday.
BUSINESS / Companies
Nov 13, 2024
Nomura changes course on top European banker after eight months
Nomura has come under pressure to improve its operations since Japanese regulators found that one of its traders had manipulated the market for government bonds.
A fund controlled by Effissimo Capital Management has taken a stake in Nissan Motor.
BUSINESS / Companies
Nov 13, 2024
Nissan enters new era of turmoil as Effissimo takes stake
The big question is whether CEO Makoto Uchida can deliver a turnaround or be forced to make more drastic changes by an influential outsider.
Nissan’s filing said Suntera (Cayman) is the buyer of the 2.5% stake and listed Suntera as a trustee of ECM Master Fund.
BUSINESS / Companies
Nov 12, 2024
Nissan surges after firm linked to hedge fund takes 2.5% stake
The jump is a remarkable turnaround for Nissan’s stock, which plunged last week after the carmaker slashed jobs and said it would cut manufacturing capacity by a fifth.
NAND flash memory maker Kioxia plans to use a new method for listing in Japan that would fast-track its oft-delayed initial public offering. Both the price and size of the stake to be floated were undecided, according to a filing Friday.
BUSINESS / Tech
Nov 9, 2024
Kioxia files for long-delayed IPO as Samsung’s lead grows
The NAND flash memory maker plans to debut on the Tokyo Stock Exchange between this December and June next year.
Seven & I Holdings' 46% stake in Seven Bank could raise around ¥30 billion by the end of the current fiscal year in February.
BUSINESS / Companies
Nov 6, 2024
Seven & I is said to plan reducing stake in banking unit to 38%
The retailer’s 46% stake in Seven Bank could raise around ¥30 billion by the end of the current fiscal year in February.
Unattended picket signs are piled up outside a Boeing facility in Seattle on Monday, after unionized workers voted to end their strike.
BUSINESS / Companies
Nov 6, 2024
Boeing CEO in battle to mend rifts after bitter strike ends
The strike exposed divides that run right through the company.
Nomura Holdings said it paid the penalty on Thursday and apologized to clients and concerned parties.
BUSINESS / Companies
Oct 31, 2024
Nomura fined by Japan regulator for bond market manipulation
The fine, while small, may hurt Nomura’s reputation at a time when it is refocusing on Japan as a key growth area for its trading and investment banking operations.
Tsunehisa Katsumata was known for his quick decision-making, which earned him the nickname “Razor Katsumata.”
JAPAN
Oct 31, 2024
Former Tepco chairman Tsunehisa Katsumata dies at 84
Katsumata was the company's point man after the Fukushima No. 1 nuclear power plant went into meltdown in the wake of the 2011 Great East Japan Earthquake.
The number of female directors among firms in the Tokyo Stock Exchange’s prime market will need to more than double in the next six years to meet the government target of having women make up 30% of board members at major firms by 2030.
BUSINESS / Companies
Oct 31, 2024
Rush for female directors stumbles on weak pipeline in Japan
With almost no women rising to become internal directors, companies will have no choice but to recruit them from outside.
Nomura Holdings CEO Kentaro Okuda. In addition to the financial penalties for market manipulation, Nomura is suffering a fresh blow to its reputation following various scandals over recent years including several data leaks.
BUSINESS / Companies
Oct 30, 2024
Trader's $10,000 spoofing profit haunts Nomura as the fallout widens
The firm’s problems are deepening as Nomura's rivals double down on efforts to poach clients.
Traffic in the Yeouido financial district of Seoul
BUSINESS / Companies
Oct 30, 2024
Ex-Goldman banker-turned-billionaire takes on South Korea’s chaebol
While private equity’s involvement in South Korea's economy has grown over the last two decades, few have taken on the powerful, family-run conglomerates.
Olympus CEO Stefan Kaufmann has resigned over an allegation he bought illegal drugs, the company announced Monday.
BUSINESS
Oct 28, 2024
Olympus CEO exits after probe into drug-buying allegation
Stefan Kaufmann has resigned all positions effective immediately, the company said in a statement.
The number of female CEOs in Japan in 2024 rose 37,038 from the year before, or by 6%.
BUSINESS
Oct 25, 2024
Proportion of female CEOs in Japan breaks 15% for first time
Survey finds progress but notes that prejudice based on gender roles remains an issue.

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