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June 05, 2025
 

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CORPORATE GOVERNANCE

Kobayashi Pharmaceutical President Norikazu Toyoda in Osaka on May 30
BUSINESS / Companies
Jun 4, 2025
Kobayashi Pharmaceutical vows never to repeat health scare
In March 2024, the drugmaker, based in Osaka, announced that it had received a series of reports about such symptoms as kidney disease from users of its supplements.
Akio Toyoda’s involvement in the $33 billion buyout of Toyota Industries signals a potential corporate comeback, and that’s a good thing despite criticism.
COMMENTARY / Japan
Jun 4, 2025
For Toyota, more Akio Toyoda would be a good thing
This opposition is nonsensical. Akio turned Toyota into the biggest automaker in the world during a period of intense industry change.
Toyota group companies could establish a new holding company to privatize Toyota Industries.
BUSINESS / Companies
Jun 3, 2025
Toyota Industries receives $33 billion buyout offer from group companies
The deal would be in line with government efforts to encourage big companies to unwind cross-held shares with subsidiaries and other businesses.
The cover-up is believed to have started in 2004 or even earlier, according to the government's Tohoku Local Finance Bureau and the Financial Services Agency.
BUSINESS / Companies
May 29, 2025
Japan lender receives business improvement order following cover-up
Former executives of the cooperative concealed fraudulent corporate loans, including through the accounts of depositors opened without their consent.
James Rosewald, co-founder of Dalton Investments, speaks during an interview at the company's office in Tokyo on Wednesday.
BUSINESS / Companies
May 28, 2025
Dalton connects with activist investor-linked fund to pressure Fuji Media
Dalton is trying to pressure Fuji Media after the broadcaster earlier this month spurned the fund’s proposal for 12 new directors, including SBI Holdings' Yoshitaka Kitao.
A shareholder of Nomura Holdings has made a proposal seeking to change the company’s name to Nomura Securities Group.
BUSINESS / Companies
May 28, 2025
Nomura faces rare vote on shareholder's proposal of a name change
The proposal seeks to change the company’s name to Nomura Securities Group, which its board opposes.
A Skechers store in Times Square in New York. The company has announced plans to sell to investment firm 3G Capital in a take-private deal for about $9.4 billion.
BUSINESS / Companies
May 28, 2025
Retailers pummeled by Trump's trade war entertain more 'take-private' offers
Such companies have been hard-hit by rapidly shifting tariff announcements and are frustrated with an inability to provide earnings guidance.
People head into a Seven & I Holdings shareholders meeting on Tuesday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
May 27, 2025
Seven & I shareholders back new board to deal with takeover proposal
Investors appear to be willing to see what happens with the radical overhaul, which the Japanese retailer had pledged to counter Couche-Tard’s ¥7.39 trillion approach.
Tsuruha shareholders approved a merger plan with Welcia, which will result in an effective acquisition by supermarket chain Aeon.
BUSINESS
May 26, 2025
Tsuruha shareholders approve future merger with rival drugstore Welcia
Tsuruha, based in Sapporo, has announced it will integrate its operations with Welcia, the biggest force within the Japanese pharmacy industry, in December.
An Aeon store in Osaka. Aeon, the country’s largest supermarket chain operator, last month said it will launch a tender offer to make Tsuruha a consolidated subsidiary at ¥11,400 per share.
BUSINESS / Companies
May 23, 2025
Tsuruha shareholders to vote on criticized Aeon merger plan
The chorus reflects rising shareholder activism in Japan in recent years as the country’s governance reforms embolden investors.
A third-party committee set up by Fuji Television Network said in a statement Thursday that its recognition of sexual violence was based on the World Health Organization's definition because Fuji TV and its parent, Fuji Media Holdings, needed to fulfill their accountability to global shareholders.
JAPAN / Media
May 23, 2025
Fuji TV panel defends conclusion of 'sexual violence' by Nakai
The committee rejected the request from Nakai's lawyer to disclose interview records and other evidence, claiming that it would undermine its independence and neutrality.
Institutional Shareholder Services backed the reappointment of Chairman Akio Toyoda to Toyota’s board, reversing its position from a year ago.
BUSINESS / Companies
May 23, 2025
ISS reverses stance and backs Toyota chief's reappointment
"There are no particular concerns about the nominee,” Institutional Shareholder Services said of Akio Toyoda in a report Thursday.
Toyota Motor Chairman Akio Toyoda. Toyota Industries investor Zennor Asset Management said a plan by Toyoda to take over the Japanese auto parts maker raises governance issues and may undermine minority shareholders’ interests.
BUSINESS / Companies
May 21, 2025
Toyota Industries investor Zennor says it wants minority safeguards
A founding partner of Zennor said the buyout plan would benefit the founding family and may undervalue the target’s stock and real estate holdings.
Seven & I Holdings plans to sell part of its stake in Seven Bank to Itochu, sources said, as a part of efforts to improve its corporate value by focusing on its convenience store business.
BUSINESS / Companies
May 21, 2025
Seven & I considers selling portion of Seven Bank shares to Itochu
The move is part of efforts to improve its corporate value by focusing on its convenience store business amid a bid to acquire it.
A lot at a Nissan plant in Mexico. The company may have overextended itself during the Ghosn era.
BUSINESS / Companies / FOCUS
May 20, 2025
Nissan’s troubles might go all the way back to Ghosn 
Some analysts argue that aggressive expansion by the iconoclastic executive left the company overextended.
A Musee Platinum hair removal salon in the city of Saitama on Monday
BUSINESS / Companies
May 19, 2025
Hair removal chain Musee Platinum owes ¥1.5 billion, say former staff
More than 2,000 former employees of the company went unpaid between January and April.
Carlyle Japan is expanding hiring of investment professionals as it believes Japanese companies that are focused on domestic businesses are actually very appealing amid the global trade turmoil.
BUSINESS / Companies
May 19, 2025
Carlyle on Japan hiring spree after new $3 billion buyout fund
Private equity has found a sweet spot in Japan in recent years, where borrowing costs remain low and companies have become receptive to selling off operations.
FemUniti was founded in 2024 by Setsu Suzuki (right) and Meagan Ward (second from left) to empower women entrepreneurs and connect them to resources and opportunities.
COMMUNITY / Issues / The Foreign Element
May 19, 2025
Detroit-Nagoya network empowers women-owned businesses around the world
Supporting women in business is a “blueprint for the future,” says the cofounder of femUniti — and she has the data to back it up.
Fuji Television Network's headquarters building in the Odaiba district of Tokyo
BUSINESS / Companies
May 16, 2025
Fuji Media Holdings posts net loss for first time since going public
The company's net loss follows a slew of scandals concerning its corporate culture and governance.
Nippon Life Insurance will stop the practice of temporarily sending employees to work in sales departments of other companies, such as banks, judging that the arrangements may distort fair competition.
BUSINESS / Companies
May 16, 2025
Nippon Life to stop sending staff to sales departments at banks
Critics have said the practice has led to misconduct, in addition to reducing competition.
How Japan's youth are slowly changing the country's work ethic
After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
Toyota Industries receives $33 billion buyout offer from group companies
Toyota group companies could establish a new holding company to privatize Toyota Industries.
Japan’s fertility rate hits record low despite government push
The total number of births dropped to about 686,000, marking the first time the figure has fallen below 700,000, according to a health ministry release on Wednesday.
South Korea’s Lee pledges to heal deep wounds as ‘president for everyone’
South Korean President Lee Jae-myung waves with his his wife, Kim Hye-gyeong, following his inauguration ceremony at the National Assembly in Seoul on Wednesday.
Hakuho’s departure highlights worrying sumo trend
Former <i>yokozuna</i> Hakuho performs a ring-entering ceremony at the Ryogoku Kokugikan in Tokyo in February 2020.
Hakuho’s departure highlights worrying sumo trend
Former <i>yokozuna</i> Hakuho performs a ring-entering ceremony at the Ryogoku Kokugikan in Tokyo in February 2020.
Japanese baseball legend Shigeo Nagashima dies at 89
Shigeo Nagashima (left), then the manager of the Tokyo Giants, waves to fans with players and coaches during a victory parade in central Tokyo in 2000. Nagashima died at the age of 89 on Tuesday.
‘A garden is a grand teacher’: The Kamakura Gardener nurtures via YouTube
American Robert Jefferson runs a YouTube channel called The Kamakura Gardener that invites viewers to enjoy the pleasures of gardening, cooking and slow living.
Waves of umami: Awaji Island's culinary trove
Silversea Cruises' culinary program takes guests on a rich gourmet experience at wellness retreat Zenbo Seinei, where the local produce is presented in an eight-course meal.
Hegseth to prioritize China and more allied spending in Asia — but questions remain
U.S. Defense Secretary Pete Hegseth arrives for a trilateral meeting between Japan, the U.S. and Australia at the Shangri-La Dialogue security summit in Singapore on Saturday.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic
By Alex K.T. Martin

SUSTAINABLE JAPAN

Smile! It’s ‘Sanrio Time,’ now and ever after
Smile! It’s ‘Sanrio Time,’ now and ever after

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