Tag - corporate-governance

 
 

CORPORATE GOVERNANCE

Prime Minister Shigeru Ishiba entering the Prime Minister's Office on Monday
JAPAN
Jan 21, 2025
Japan to disclose names of malicious AI businesses
The planned legislation on dealing with the risks of AI and boosting Japan's international competitiveness on the technology is not expected to include penalties.
The surge in share buybacks followed a request by the Tokyo Stock Exchange in March 2023 that listed companies put more focus on improving capital efficiency.
BUSINESS / Markets
Jan 20, 2025
Listed Japanese firms' share buybacks hit record in 2024
The increase has been attributed to accelerated corporate efforts to improve capital efficiency and pressure from activist shareholders.
Fuji TV President Koichi Minato speaks at a news conference on Friday in Tokyo.
JAPAN / Media
Jan 20, 2025
What went wrong at Fuji TV's news conference on allegations against Nakai?
The broadcaster, which imposed various restrictions for the event that included denying access to many media agencies, ended up worsening the scandal.
Fuji TV President Koichi Minato speaks during a news conference in Tokyo on Friday.
JAPAN
Jan 17, 2025
Fuji TV to launch probe after allegations of sexual misconduct
The move comes amid rising criticism over the broadcaster’s handling of alleged sexual misconduct by former SMAP member Masahiro Nakai.
MUFG Bank's Nerima branch in Tokyo, where a former employee allegedly stole customer assets from safe deposit boxes
JAPAN
Jan 16, 2025
MUFG Bank punishes execs over customer asset thefts
President Junichi Hanzawa will take a 30% cut in monthly pay for three months.
Fuji TV in the Odaiba waterfront area in Tokyo in 2021
JAPAN
Jan 16, 2025
Fuji TV scrutinized over handling of allegations against ex-SMAP member Nakai
The scandal has sparked widespread criticism, with many questioning Fuji TV’s corporate governance and crisis management.
Hino Motors was charged with fraud in the U.S. District Court in Detroit for unlawfully selling 105,000 heavy-duty diesel engines in the United States from 2010 through 2022 that did not meet emissions standards.
BUSINESS / Companies
Jan 16, 2025
Hino Motors reaches $1.6 billion U.S. diesel emissions settlement
Hino said it booked an extraordinary loss of ¥230 billion in its second quarter results in October to cover the expected costs of resolving the litigation.
The Fuji TV building in Tokyo's Odaiba district. In a letter to Fuji Media Holdings' board of directors, Dalton Investments expressed outrage over the “serious flaws” in the broadcaster’s corporate governance in relation to its handling of the uproar sparked by TV star Masahiro Nakai, a former member of boy band SMAP.
JAPAN / Media
Jan 15, 2025
U.S. investment firm demands Fuji TV probe Nakai's alleged sex misconduct
Dalton Investments expressed outrage over the “serious flaws” in the broadcaster’s corporate governance amid the uproar sparked by the former member of boy band SMAP.
Elon Musk, left, with Vivek Ramaswamy on Capitol Hill in Washington on Dec. 5.
BUSINESS / Tech
Jan 15, 2025
SEC accuses Elon Musk of bilking Twitter investors out of millions
The agency’s complaint accuses Musk of failing to promptly report that he had amassed more than 5% of the social media platform’s stock in early 2022.
The Tokyo Stock Exchange will soon require some companies to publish their financials in English in addition to Japanese.
BUSINESS / Markets
Jan 13, 2025
Japanese companies rush to up English-language disclosures in 2025
The Tokyo Stock Exchange requires Prime market companies to release financial statements and other key information simultaneously in English and Japanese from April.
In November, BlackRock and rivals were sued by Texas and 10 other Republican-led states that claimed their activism cut coal production and boosted energy prices.
BUSINESS
Jan 10, 2025
BlackRock quits climate group as Wall Street lowers environmental profile
The world's biggest asset manager is the latest Wall Street firm to depart an environmentally focused investor group under pressure from Republican politicians.
Firms in Japan are becoming more proactive to fend off global rivals and activist investors showing renewed interest in the country after decades of stagnant growth.
BUSINESS / Companies
Jan 9, 2025
Japan’s ¥36.4 trillion M&A boom expected to grow as activist investors circle
Firms are becoming more proactive to fend off global rivals and activist investors showing renewed interest in the country after decades of stagnant growth.
Japan Post was asked by a subcontractor entrusted with Yu-Pack parcel deliveries to raise the commission fees it paid, in light of rising costs, but Japan Post left subcontracting fees unchanged without discussion.
BUSINESS / Companies
Jan 8, 2025
Japan Post also received FTC guidance for second subcontractor issue
Postal service company was asked by a subcontractor to raise the commission fees it paid, in light of rising costs, but made no change.
The Tokyo Stock Exchange wants companies to improve governance and performance.
BUSINESS / Markets
Jan 8, 2025
As standards rise, Tokyo Stock Exchange delistings hit decade high
A total of 94 companies were delisted from the Tokyo exchange in 2024, the highest number since it merged with the Osaka Securities Exchange in 2013.
A drone view shows Gary Works, the largest integrated steel mill in the U.S., which is operated by U.S. Steel, in Gary, Indiana, on Dec. 12.
BUSINESS / Companies
Jan 6, 2025
Rival CEO allegedly spread doubt about Nippon Steel deal to Wall Street
The private remarks the CEO made throughout 2024 about the deal process show the extent of his effort to cast doubt.
Elon Musk speaks with U.S. President-elect Donald Trump at a viewing of the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, in November.
BUSINESS
Jan 3, 2025
As Musk gains influence, questions hover over U.S. probes into his empire
Musk’s potential to have extraordinary clout with the new administration raises questions about the fate of federal investigations affecting his business empire.
A Dior store front in Rome. Despite passing audits, Dior's contractors in Italy have been accused of labor abuses.
BUSINESS / Companies
Jan 2, 2025
Inside luxury goods' broken audit system
Revelations of worker exploitation in Dior's Italian production chain have exposed flaws in supply chain audits and triggered judicial action.
A customer uses a bank card at a contactless payment terminal on a stall at the Bauveau Market in Paris on Feb. 15, 2023.
BUSINESS / Tech
Dec 30, 2024
Drama-prone fintechs face mixed regulatory environment in 2025
The incoming U.S. administration has made financial deregulation a policy priority for the next four years while European policymakers continue to take a cautious approach.
Some of the slush funds pooled by Kawasaki Heavy Industries were used to wine and dine Maritime Self-Defense Force personnel, the Defense Ministry said.
BUSINESS / Companies
Dec 27, 2024
Kawasaki Heavy found to have pooled ¥1.7 billion in slush funds
Some of the funds were used by the defense contractor to wine and dine Maritime Self-Defense Force personnel, the Defense Ministry said.
Kobayashi Pharmaceutical's Osaka factory
BUSINESS / Companies
Dec 26, 2024
Hong Kong fund increases its stake in Kobayashi Pharmaceutical
Oasis Management said its stake in Kobayashi Pharmaceutical climbed to 10.1% from 7.5%.

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji