Tag - corporate-governance

 
 

CORPORATE GOVERNANCE

Shiretoko Yuransen President Seiichi Katsurada (center) in Shari, Hokkaido, in May 2022. Katsurada admitted to having little knowledge of ships in an interview before his arrest on Wednesday.
JAPAN / Crime & Legal
Sep 19, 2024
Hokkaido boat operator in 2022 fatal sinking had little knowledge of ships
He made himself the company's safety and operational manager despite lacking the necessary qualifications after dismissing key employees during the pandemic.
Data was falsified for wheelsets on Tokyo Metro train cars.
JAPAN
Sep 19, 2024
Tokyo Metro maintenance subsidiary falsified wheelset data
Data was altered for 233 axles of 161 subway cars, out of a total of 11,000 axles of some 2,700 cars owned by Tokyo Metro.
Migrant workers and union members hold a demonstration in favor of fair working conditions in the Made in Italy supply chain, in Geneva on Sept. 11.
BUSINESS
Sep 19, 2024
How migrant workers suffer to craft the 'Made in Italy' luxury label
Brands rely on a chain of contractors and subcontractors, with checks on conditions and the treatment of workers virtually nonexistent.
Circle K owner Alimentation Couche-Tard’s initial $14.86-a-share proposal, seen as cheap at only 20% above Seven & I’s share price, may fail without a higher bid.
COMMENTARY / Japan
Sep 19, 2024
How 7-Eleven can get a big price from Circle K
Alimentation Couche-Tard’s initial $14.86-a-share proposal, seen as cheap at only 20% above Seven & I’s share price, is unlikely to succeed without a higher bid.
JR Kyushu Jet Ferry President Kenji Oba (left) receives an administrative punishment directive at the transport ministry on Tuesday.
JAPAN
Sep 18, 2024
JR Kyushu's ferry unit punished for water leak cover-up
The ministry ordered JR Kyushu Jet Ferry to dismiss its managers of transportation safety and ship operations under the marine transportation law.
Tokyo Metro is expected to announce on Friday details of its initial public offering, with sources saying the firm is considering introducing shareholder benefits.
BUSINESS / Companies
Sep 18, 2024
Tokyo Metro considers a shareholder benefits program
The subway operator is expected to announce details of its IPO on Friday, which may value the company around ¥700 billion ($5 billion).
7-Eleven's parent company this month rejected a $38.5 billion offer from Circle-K owner Couche-Tard, citing concerns about price.
BUSINESS / Companies
Sep 17, 2024
7-Eleven parent's new security rating won't affect a buyout, minister says
The finance minister's comments appeared aimed at easing investor concerns about the move.
Women in managerial positions at Japanese firms has topped 10%, but the figure still lags far behind those in European countries and the United States.
BUSINESS / Companies
Sep 17, 2024
Women in managerial posts top 10% for first time in Japan
Women in managerial roles are slowly increasing in Japan, but the country remains far from the government's 30% target for this decade.
The BMW logo. It took the German automaker more than two years to discover the extent of a braking system fault that is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
BUSINESS / Companies
Sep 16, 2024
BMW took two years to find extent of defect behind recall
The braking system fault is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
Managers, in their effort to avoid appearing sexist, often provide women with insincere or inconsistent feedback during performance reviews.
COMMENTARY / World
Sep 15, 2024
Women don’t always get the candid feedback they deserve
Managers, in their effort to avoid appearing sexist, often provide women with insincere or inconsistent feedback during performance reviews.
Seven & I Holdings, the operator of 7-Eleven convenience stores, was designated as a "core" company. The government requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
BUSINESS / Companies
Sep 13, 2024
Seven & I gets new designation, a potential hurdle for takeover
The new "core" category requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
A Japan Freight Railway train passes through a train station in Osaka in 2017. JR Freight on Thursday resumed operations for all of its freight trains after a temporary halt following the discovery of data tampering and other irregularities.
BUSINESS / Companies
Sep 12, 2024
JR Freight resumes train operations after discovery of data tampering
The freight operator had suspended operations on Wednesday to inspect container cars suspected to have been affected.
Suntory Holdings CEO Takeshi Niinami speaks during a Reuters Newsmaker event in Tokyo on Wednesday.
BUSINESS / Companies
Sep 12, 2024
Seven & I takeover bid shows a shift in government, Suntory CEO says
The takeover bid has also left many CEOs in Japan nervous that their companies could be next.
Japan Freight Raiway's Kudara freight terminal in the city of Osaka
BUSINESS
Sep 11, 2024
JR Freight suspends operations over data tampering
Data on the pressure applied when fitting wheels onto trains’ axles was falsified for inspection records.
Alimentation Couche-Tard said it is willing to engage in confidential discussions with 7-Eleven operator Seven & I Holdings and is keen on still pursuing an acquisition.
BUSINESS / Companies
Sep 9, 2024
Couche-Tard pushes for Seven & I deal talks after rejection
A potential deal would create a global convenience store behemoth with more than 100,000 stores.
Sengu Capital, based in Hong Kong, will start a new hedge fund focused on Japanese firms improving management quality.
BUSINESS / Companies
Sep 9, 2024
New hedge fund gains backing for bets on Japan market revival
Investors have been trying to put more money to work in Japan, as the country emerges from more than a decade of deflation.
Alimentation Couche-Tard’s bid to acquire Japan’s Seven & I Holdings has sparked discussions about Japan’s approach to foreign investment and whether rejecting or accepting the bid reflects an openness to international business.
COMMENTARY / Japan
Sep 4, 2024
7-Eleven deserves more than shareholder supremacy
While Japan should consider investor interests, it should not forsake the broader social and community benefits that its businesses provide.
Johnny's & Associates President Noriyuki Higashiyama (second from right), unveils Smile-Up as the new name for the talent agency during a news conference in Tokyo in October 2023. The agency decided on the name change after it acknowledged the abuse committed by its late founder and apologized to victims in September 2023.
JAPAN / Crime & Legal
Sep 4, 2024
Johnny’s victims group to disband one year after agency admitted abuse
The group says it will continue to help victims with unresolved cases — through consultation and other forms of support — despite the disbandment.
Seven & I is currently categorized on the Finance Ministry's classification list as a company that conducts "designated," but not "core" businesses.
BUSINESS / Companies
Sep 3, 2024
Japanese companies cannot use national security cover to block takeovers, official says
Japanese companies cannot use a national security designation as a tool to thwart foreign takeovers, a senior Finance Ministry official said.
U.S.-based asset manager Artisan Partners asked Seven & I, operator of 7-Eleven stores, to brief shareholders on the status of takeover negotiations with Alimentation Couche-Tard by Sept. 19.
BUSINESS / Companies
Sep 1, 2024
Seven & I shareholder pushes for negotiations with Couche-Tard
U.S.-based asset manager Artisan Partners asked Seven & I to brief shareholders on the status of takeover negotiations by Sept. 19.

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