Tag - corporate-governance

 
 

CORPORATE GOVERNANCE

A screenshot from the website for Alt's AI conference, which was canceled after the company disclosed an investigation into its sales figures.
BUSINESS / Companies
May 1, 2025
Don't send in the clones: AI event nixed as Alt accounts get reality check
An artificial intelligence conference set for May 16 that was to introduce digital clones has been canceled after the company involved was accused of accounting irregularities.
Stephen Dacus, incoming chief executive officer of Seven & I Holdings, speaks to reporters in Tokyo on April 24.
BUSINESS / Companies
May 1, 2025
Seven & I and Couche-Tard sign nondisclosure agreement
The move might signal that discussion on Couche-Tard's takeover proposal is moving forward.
Sony is considering spinning off its semiconductor unit, sources say.
BUSINESS / Companies
Apr 29, 2025
Sony weighs chip spinoff that Dan Loeb called for years ago
The chip business makes industry-leading image sensors that go into cameras inside Apple and Xiaomi phones.
Toyota Chairman Akio Toyoda proposed a buyout of Toyota Industries, seeking to consolidate his grip on Japan’s biggest business empire.
BUSINESS / Companies
Apr 28, 2025
Akio Toyoda's $42 billion buyout plan raises governance question
Toyota Chairman Akio Toyoda’s bid to buy out Toyota Industries could pit him against Japan’s efforts to reform its corporate landscape.
There is strong demand for funding from Japanese companies as the economy emerges from years of deflation, and issuers are trying to pinpoint the best time to sell bonds before the Bank of Japan raises interest rates again.
BUSINESS / Companies
Apr 28, 2025
Revived corporate bond deals in Japan underline need for funding
Volatility is particularly tricky for Japan to navigate given that the market has been less exposed to extreme swings after years of rock-bottom interest rates.
Takahiro Fujii (center), the president of Try and E, and his lawyers speak during a news conference on Friday in Tokyo after a ruling was handed down in a case against Amazon Japan.
JAPAN / Crime & Legal
Apr 25, 2025
Tokyo court fines Amazon Japan ¥35 million over counterfeit products
Presiding Judge Yuko Shintani deemed Amazon’s response to the issue to be “indicative of willful misconduct, or at the very least, gross negligence.”
The transport ministry will consider administrative punishments for Japan Post after carrying out probes.
JAPAN
Apr 25, 2025
Government begins probe of Japan Post over improper driver checks
The audit started after it was learned that 75% of post offices offering collection and delivery services across the country had improperly conducted mandatory alcohol checks.
Stephen Dacus, incoming chief executive officer of Seven & I Holdings, speaks during an interview at the company's headquarters in Tokyo on Friday. Dacus plans to boost investments in its U.S. stores using cash from a planned listing of its American retail operations.
BUSINESS / Companies
Apr 25, 2025
Seven & I’s new CEO plans aggressive investments in U.S. stores
In addition to investing in its North America operations, Stephen Dacus is also looking to review the company’s supply chain globally.
Nomura is looking to deepen its foothold in its traditional Wall Street businesses by weighing a return to offering cash prime-brokerage services in the United States and Europe.
BUSINESS / Companies
Apr 25, 2025
Nomura weighs return to prime brokerage four years after Archegos
Prime brokerage, which involves banks lending cash and securities to hedge funds, has become an increasing money maker for Wall Street in recent years due to high equities prices.
MUFG Bank, a unit of the nation’s biggest banking group, is among firms that recently scrapped a clerical job category that consisted almost exclusively of women, a sign that the financial sector is finally getting more serious about reducing gender inequalities.
BUSINESS / Companies
Apr 23, 2025
Top Japanese firms scrap employment system that held women back
Abandoning the clerical job category may increase opportunities for women to advance to more senior positions.
The 7-Eleven convenience store operator plans to add five new directors to the board, four of whom will be from outside the company.
BUSINESS
Apr 17, 2025
Seven & I proposes five new directors as part of board revamp
The 7-Eleven convenience store operator plans to add five new directors to the board, four of whom will be from outside the company.
SBI Holdings CEO Yoshitaka Kitao speaks during a news conference on Thursday in Tokyo.
BUSINESS / Companies
Apr 17, 2025
SBI Holdings CEO to 'fight to the end' if Fuji Media resists leadership rethink
Yoshitaka Kitao said he will increase SBI Holdings’ stake in Fuji Media Holdings depending on how the TV network responds.
Foreign tourists gather on a platform at Kyoto Station on Wednesday.
JAPAN / Society
Apr 17, 2025
Tokyo hotel operators face possible warnings over suspected price cartel
It is believed that information sharing among the hotels, such as occupancy rates and average room prices, may have influenced pricing.
Fuji Media's headquarters in Tokyo's Minato Ward
JAPAN
Apr 16, 2025
U.S. investor to propose candidates for Fuji Media's board
Dalton Investments said in a statement that the old-fashioned corporate structure of Fuji Media must be swept away.
A Bank of Kyoto branch in the city of Kyoto. Kyoto Financial Group has been a symbol of Japan’s old guard holding out against selling the stakes, given its historic ties to exporters based in the city including Nintendo, Nidec and Kyocera.
BUSINESS / Companies
Apr 16, 2025
Kyoto bank shifts stance on mergers and cuts to cross-shareholdings
Kyoto Financial has been a symbol of Japan’s old guard holding out against selling the stakes, given its historic ties to exporters based in the city.
A former Prudential Life Insurance employee was arrested in June last year on suspicion of fraud.
BUSINESS / Companies
Apr 11, 2025
Prudential Life ordered to report preventative measures after three arrests
Between June last year and February this year, three former employees were arrested over acts of misconduct that included defrauding customers.
Environmental, social and governance funds are increasingly looking to Japan, as efforts to boost diversity are coming amid a regulatory and government push for better corporate governance.
BUSINESS / Companies
Apr 11, 2025
Trump’s DEI rollback gives Japan a chance to draw ESG inflows
Japanese firms have long lagged behind their Western peers on gender equality, but the U.S. crackdown on diversity may give them a chance to shine.
The operator of 7-Eleven convenience stores is taking a series of steps to boost its value, including share buybacks, selling the under-performing superstore business and divesting its banking unit.
BUSINESS / Companies
Apr 10, 2025
Seven & I jumps most in a month on buyback plan and broader buying
The operator of 7-Eleven convenience stores is taking a series of steps to try to boost shareholder value amid a takeover bid by Canadian retailer Alimentation Couche-Tard.
The Osaka tax bureau found ¥1.3 billion in unreported income as Kawasaki Heavy Industries pooled funds through fictitious transactions related to repair contracts for MSDF submarines.
BUSINESS / Companies
Apr 8, 2025
Kawasaki Heavy hit with ¥1 billion in back taxes over MSDF scandal
The defense contractor was found to have wined and dined Maritime Self-Defense Force personnel.
One of Honda's most senior executives resigned over allegations he’d engaged in inappropriate conduct during a social gathering outside of work hours.
BUSINESS / Companies
Apr 7, 2025
Senior Honda executive resigns after allegations of misconduct
Honda’s audit committee investigated the accusations against Shinji Aoyama, an executive vice president and board director, and compiled a disciplinary action plan.

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