Lixil shareholders back former CEO slate in move seen as victory for corporate governance in Japan
Shareholders of major housing equipment-maker Lixil Group backed on Tuesday a slate of board candidates supported by the company's ousted chief executive, a move that is likely to be seen as a victory for corporate governance in Japan. Shareholders at the toilet-maker's annual general meeting ...
Major housing equipment maker Lixil Group Corp. has announced eight candidates for its board of directors to be submitted to a general meeting of its shareholders in June. Former Lixil President and Chief Executive Officer Kinya Seto, a current board director and Lixil shareholder, who ...
Foreign institutional investors in Lixil Group Corp. said Thursday they have withdrawn their request for an extraordinary shareholders meeting that was based on a proposal to dismiss Chairman Yoichiro Ushioda, after the chairman announced his intention to quit. In the request the four investors, including ...
Lixil Chairman Ushioda's vision 'harmful to employees and shareholders,' band of executives allege
Ten executives of housing equipment maker Lixil Group Corp. have joined forces to rebel against Chairman Yoichiro Ushioda, sources with knowledge of the matter said Wednesday. The 10 executives sent a letter critical of founding family member Ushioda, also chief executive officer, to a member ...
Japanese household product maker Lixil launches plumber training program in India
Lixil Group Corp., Japan's leading manufacturer of household products, has launched a training program for plumbers in India to help fill a shortage of such workers while improving professional standards. Dubbed "Project Nadee," the program aims to produce 50,000 commercially licensed plumbers in the next ...
Lixil takes the lead in affordable and clean toilets for developing nations
Lixil Group Corp. has been offering affordable and clean toilets to help enhance sanitation in developing nations. The major toilet and housing equipment manufacturer has put in place 1.2 million units of the "safe toilet," known as SATO, in developing countries through donations by citizens' ...
In hot water, bathroom fittings firm Lixil hires outsider to fix pipes
Early last year, big bets started to go wrong for a Japanese giant of toilets and faucets. Founded in a five-firm merger, fattened by a spree of global acquisitions, Lixil Group Corp. was suddenly rocked by a Chinese accounting scandal. After a ¥66.2 billion writedown, ...
Japan's architects are building a better future
Home-security AI cats; talking walls equipped with motion sensors; communal-living apartment blocks that promote harmonious relations; and outdoor living-room spaces powered by solar energy siphoned off hybrid cars — these previews of our future, currently on display at "House Vision 2," sound like science ...
Lixil mulls another overseas takeover
Lixil Group Corp., which agreed to buy bathroom-fixture makers American Standard Brands and Grohe Group last year, is studying another overseas acquisition to boost revenue from emerging markets. The planned deal will help Tokyo-based Lixil achieve its target of increasing sales from emerging markets to ...
Cyberterror threat stalks Japan's high-end toilet users
Cyberterrorists could strike at your most vulnerable and least expected moment because of a glitch in a smartphone-controlled high-tech toilet system manufactured in Japan. According U.S. security firm Trustwave, high-end Lixil Corp. toilets, which can be controlled with Android smartphones, could easily be hacked to ...
