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.
Japanese firms’ cash-hoarding now viewed as boon for dividends
The mountains of cash once criticized as lack of capital efficiency are now being touted as a reason to buy Japanese stocks as dividends decline elsewhere.
Hedge funds, go home: Japan is closing the door
Japan is casting an even wider protectionist net to shield its big companies. It has less to do with defending against unsolicited overtures into strategic assets than with squeezing out troublesome foreign investors.
China corporate governance in doubt after two accounting scandals in week
China’s second accounting scandal in less than a week is underscoring concern over lax corporate governance at some of its fastest-growing companies. TAL Education Group, a tutoring business whose success turned founder Zhang Bangxin into one of China’s richest people, delivered the latest bombshell on ...
Kepco vows to clean up its act after Takahama nuclear bribery scandal
Kansai Electric Power Co. on Monday pledged to improve its corporate governance after the former deputy mayor of a town that hosts one of its nuclear plants was found to have bribed company executives for decades. In a plan submitted to the Ministry of Economy, ...
'The Salaryman' review: Spilling the secrets of Japan's everyman
Alongside its humor, Michael Howard's recent memoir, "The Salaryman," provides an insightful look at Japan's corporate workforce. In 2008, Howard was a 32-year-old product manager at a small LA software startup who suddenly landed a high-paying job with a Japanese corporation of over ...
Walking the talk of stakeholder capitalism
Company boards must also figure out how to integrate shareholder value with corporate responsibility.
Yoshiaki Murakami fund launches ¥25.9 billion hostile bid for Toshiba Machine
City Index Eleventh Co. said it will offer ¥3,456 per Toshiba Machine share to buy up to 43.82 percent of the molding machine company.
In Ghosn probe, Nissan reveals more managers were involved in malpractice
Nissan Motor Co. has revealed more details of an exhaustive probe into Carlos Ghosn, a week after its fugitive former leader accused the Japanese carmaker of being behind the plot to have him arrested. The report on the investigation, submitted to the Tokyo Stock Exchange ...
Nissan considers scrapping advisory roles for former executives
Nissan Motor Co. may stop placing former executives in advisory posts as part of an overhaul to its corporate governance practices following the ousting of former Chairman Carlos Ghosn, sources said Wednesday. The possible abolition of the komon adviser and sōdanyaku consultant posts is aimed ...
Japanese firms set to outspend Chinese rivals in Asia amid favorable landscape
Japanese firms outspent their Chinese rivals for the second year in a row to be the biggest deal-making force in Asia in 2019, aided by favorable financing and reduced competition in the face of U.S.-China tensions. Over $200 billion of domestic and foreign deals shook ...
Japan's Hoya to launch $1.4 billion counterbid for Toshiba unit NuFlare
Hoya Corp. said Friday it would make a $1.4 billion counterbid for NuFlare Technology Inc. in what could become a hostile offer for the Toshiba Corp. unit the electronics conglomerate plans to buy out. Hoya's interest in the manufacturer of chipmaking equipment further complicates a ...
