Tag - corporate-governance

 
 

CORPORATE GOVERNANCE

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.
Makoto Uchida, President and CEO of Nissan, holds a press briefing at the Japan Mobility Show 2023 in Tokyo on Oct. 25, 2023. Uchida is under presser to deliver a turnaround and to keep his job at the troubled carmaker.
BUSINESS / Companies
Dec 8, 2024
Nissan boss Uchida races to save the automaker — and his job
Makoto Uchida is under pressure to reverse Nissan’s fortunes after years of turmoil following the 2018 arrest of former chairman Carlos Ghosn.
A Nippon Express facility in Tokyo
BUSINESS / Companies
Dec 7, 2024
Fraudulent transport insurance claims found at Nippon Express
The offices falsified data and documents related to insurance contracts and claimed insurance money for cargoes without insurance contracts.
Major electronics firms plan to pay new graduate hires starting salaries that vary depending on skills and experiences.
BUSINESS / Companies
Dec 5, 2024
Japanese electronics firms rethink uniform starting salaries
Panasonic Connect plans to pay an additional 10% to 20% on top of this year's starting salaries to spring 2025 recruits with past startup experiences or tech skills.
The departure of Intel CEO Pat Gelsinger opens the possibility of fresh deal talks.
BUSINESS / Companies
Dec 4, 2024
Intel’s CEO departure opens door to new deal discussions
The CEO's departure is also an opportunity for suitors to take another look at acquiring some or all of Intel.
The Securities and Exchange Surveillance Commission said it recommended that the Financial Services Agency impose a fine on general contractor Yamaura for releasing false financial statements.
JAPAN / Crime & Legal
Dec 4, 2024
General contractor Yamaura to be fined for false financial statements
A third-party investigation panel found the person in charge of preparing financial statements at Yamaura had illegally withdrawn about ¥2.6 billion.
Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
BUSINESS / Companies
Dec 3, 2024
Nomura CEO takes pay cut after former employee charged with attempted murder
The CEO and four other executives will take a 30% pay cut for three months, while five members of the board will take a 20% pay cut for the same period.
Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei on June 4. When Gelsinger met with the Intel board last week, he was given the option to retire or be removed.
BUSINESS / Companies
Dec 3, 2024
Intel CEO forced out by board frustrated with slow progress
Whoever replaces Pat Gelsinger will face the same set of problems he was brought in to fix, including the fallout from decisions made by his predecessors.
Customers walk past an Apple logo inside of an Apple store in New in 2018.
BUSINESS / Companies
Dec 3, 2024
Apple accused of silencing workers, spying on personal devices
Apple is also facing at least three complaints from a U.S. labor board
Nomura’s reputation has taken a hit after it admitted to a bond market manipulation in October and following charges brought against a former employee in November on suspicion of robbery, arson and attempted murder of an elderly couple during a customer visit.
BUSINESS / Markets
Dec 2, 2024
Nomura’s Japan corporate bond market rank slips after probe
Japan’s biggest brokerage saw its position fall to sixth place in November and its market share shrink to 2.1%, the latest data shows.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.