Tag - corporate-governance

 
 

CORPORATE GOVERNANCE

David Nemecek
BUSINESS
Dec 25, 2024
The star dealmakers remaking the rules of corporate debt
The world of liability management is a small, aggressive and, thus far, male-dominated corner of corporate finance.
JR Kyushu concluded that it will not be able to guarantee the safety of the Queen Beetle high-speed passenger ferry operations even after safety measures are taken.
BUSINESS / Companies
Dec 24, 2024
JR Kyushu to end passenger ship operations after water leak incident
JR Kyushu Jet Ferry covered up a water leak incident on its high-speed passenger ferry linking Hakata Port with the city of Busan in South Korea.
Kawasaki Heavy Industries' Tokyo head office
JAPAN
Dec 23, 2024
Kawasaki Heavy's spending on SDF personnel found taxable
SDF submarine crew members have been wined, dined and given gift certificates by Kawasaki Heavy's Kobe Works, with the expenses reported as tax-deductible.
Carlos Ghosn
BUSINESS / Companies
Dec 21, 2024
Ghosn says Honda deal talks indicate Nissan in ‘panic mode’
"It’s a desperate move,” the ex-Nissan chief said. "It’s not a pragmatic deal because frankly, the synergies between the two companies are difficult to find.”
Toshiba's Corporate Senior Executive Vice President Koji Ikeya speaks during an interview in Tokyo on Monday.
BUSINESS / Companies
Dec 20, 2024
A year after going private, structural reforms bearing fruit for Toshiba
Before going private last December, Toshiba had long struggled to deal with activist investors, from whom the company accepted investments to stabilize its finances.
While the prospect of Eneos Holdings offloading a majority stake in JX has been mooted for years, it is coming closer to reality amid a hot market for share sales in Tokyo.
BUSINESS / Companies
Dec 19, 2024
Eneos considers IPO of up to 70% of JX Advanced Metals
Japan has seen the highest volume of IPOs this year since 2018.
Current Sapporo Holdings President Masaki Oga (left) and the next President Hiroshi Tokimatsu, currently executive group managing officer, shake hands on Wednesday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
Dec 19, 2024
Hiroshi Tokimatsu named next president of Sapporo Holdings
Tokimatsu, 62, will also become president of Sapporo Breweries.
The Tokyo District Court sentenced former Cerespo executive Yoshiji Kamata to 22 months in prison, suspended for four years.
JAPAN / Crime & Legal
Dec 19, 2024
Tokyo court fines event company for Olympics bid-rigging
A judge found that Cerespo conspired to decide in advance which companies would win contracts related to test events for the Tokyo Games.
Nissan and Honda may be nearing a merger to address Nissan's struggles, forming a second major hub in Japan's auto industry to rival Toyota.
COMMENTARY / Japan
Dec 19, 2024
A Honda-Nissan merger is a slow-moving savior
Nissan is struggling — burning through cash and with billions of dollars of debt due in a little over a year.
Nissan President and CEO Makoto Uchida (left) and Honda President and CEO Toshihiro Mibe hold a news conference in Tokyo in March. Both automakers have been working together for months on a deal of some sort.
BUSINESS / Companies
Dec 18, 2024
Honda and Nissan might combine to form world’s No. 3 auto group
Mitsubishi, which has been working closely with Nissan since 2016, also might join the grouping.
Bain Capital said it had "strong concerns” about Fuji Soft’s process to go private, and decided to proceed with its bid to buy shares of the software company without the support of the its board.
BUSINESS / Companies
Dec 18, 2024
Bain to make $4.2 billion hostile bid for Fuji Soft against KKR
Shares of Fuji Soft rose 1.1% to ¥9,756 on Wednesday morning in Tokyo.
Makoto Uchida (left), chief executive officer of Nissan Motor, and Toshihiro Mibe, chief executive officer of Honda Motor, attend a joint news conference in Tokyo in August.
BUSINESS / Companies
Dec 18, 2024
Nissan and Honda consider merger to take on world's biggest carmaker
Such a deal would create an automotive rival to Toyota and would effectively consolidate the Japanese auto industry into two camps.
An Apple logo is seen in Brussels, Belgium, in 2016.
BUSINESS / Tech
Dec 17, 2024
Congo files criminal complaints against Apple over conflict minerals
International lawyers representing Congo argue that Apple uses minerals pillaged from the country and laundered through international supply chains.
Most market players expect shareholder activism to be as frenetic, if not more, next year.
BUSINESS / Economy
Dec 17, 2024
Activist investors set record with $6.6 billion spree in Japan
Activists have taken stakes in at least 146 companies, successfully demanding disposal of real estate, changes in strategy and stock buybacks.
MUFG Bank CEO Junichi Hanzawa (left) and other senior officials bow in apology at a news conference in Tokyo's Chiyoda Ward on Monday.
JAPAN / Crime & Legal
Dec 16, 2024
MUFG Bank apologizes for theft of ¥1 billion in valuables from deposit boxes
The manager accused of the thefts allegedly used backup keys to access the boxes.
The JR Kyushu group has been working on raising safety awareness among employees, repairing the ship and enhancing governance, with the aim of resuming the Queen Beetle high-speed passenger ship operations.
JAPAN
Dec 13, 2024
JR Kyushu may end South Korea ship route over water leak scandal
JR Kyushu Jet Ferry covered up water ingress on the Queen Beetle high-speed passenger ship for more than three months.
Investors' expectations for corporate governance reform triggered by the Tokyo Stock Exchange’s campaign have been a major driver of the rally in Japanese stocks over the last two years, but the market’s historic crash in early August has changed the dynamics.
BUSINESS / Markets
Dec 13, 2024
Cheap valuations are out as investors like new metric for Japan stocks
Investors are now trying to identify companies that have strong fundamentals but have a lot to gain by improving capital allocation, one portfolio manager said.
People are seen at one of Seven & I Holdings's 7-Eleven convenience stores in Tokyo in January 2017.
BUSINESS / Companies / ANALYSIS
Dec 12, 2024
7-Eleven battle shows resilience of Japan Inc.'s family ties
Founding families are able to wield considerable power in Japanese companies despite holding small stakes.
Bain Capital plans to pay ¥9,600 a share for Fuji Soft, it said in a statement on Wednesday.
BUSINESS
Dec 11, 2024
Bain raises offer for Fuji Soft in $4.3 billion contest with KKR
The Boston-based investment firm plans to pay ¥9,600 a share for Fuji Soft, it said in a statement.
Izumi Kobayashi, director of Mizuho Financial, Omron and ANA, speaks during the Reuters Next conference in New York on Tuesday.
BUSINESS
Dec 11, 2024
Mizuho director says companies should not overreact to Trump's tariff threats
It would be difficult for companies to withdraw from China given its mammoth size, said Izumi Kobayashi.

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