Tag - nikko

 
 

NIKKO

SMBC Nikko Securities has set up an alumni organization for former employees to interact and share their experiences.
BUSINESS / Companies / FOCUS
Mar 4, 2024
As more move midcareer, Japan firms tap former hires with alumni networks
As well as seeking business opportunities, companies also recognize the value of rehiring individuals with expertise and skills gained elsewhere.
Stacked containers at an industrial port in Tokyo on Feb. 15. The weakness of the yen against the U.S. dollar boosts exporters' profits when repatriated.
BUSINESS / Companies
Feb 26, 2024
Combined profits at major Japan firms expected to hit record
The net profits of 1,430 companies listed on the Tokyo Stock Exchange are estimated to total ¥47.06 trillion in the current fiscal year, up 12.9%.
Tobu Railway started testing biofuel for its coal-fired and diesel-powered locomotives in the tourist area of Nikko in Tochigi Prefecture, with the aim of cutting carbon dioxide emissions.
JAPAN
Feb 11, 2024
Biofuel tested for coal-fired steam locomotives in eastern Japan
The company said it expects to reduce about 150 tons of emissions per year, the same amount emitted by around 50 households.
Antoine Flamarion, co-founder of Tikehau Capital. Nikko Asset Management is in advanced talks to acquire a stake in the French asset manager.
BUSINESS
Dec 18, 2023
Nikko in talks to buy Tikehau stake and form Asia partnership
The deal would involve a distribution agreement in Japan and elsewhere in Asia and a joint venture in private markets investment strategies in the region.
Damien Veron (center) attempts to gather information on the disappearance of his sister, Tiphaine Veron, in front of Tobu Nikko Station in Nikko, Tochigi Prefecture, last month.
JAPAN / Crime & Legal
Nov 24, 2023
French man suspects foul play in sister's 2018 disappearance
Tiphaine Veron, 41, disappeared on the morning of the second day of her trip to Nikko, with her luggage and passport remaining at her accommodation.
Nikko Asset Management is ditching its bearish view on the yen, and now has a ¥135 target against the dollar by year-end.
BUSINESS / Markets
Jul 20, 2023
Nikko Asset shifts to bullish yen slant as Ueda bides his time
The shift in his view highlights potential upside for the yen, where inflation-adjusted interest rates have exacerbated its decline to multidecade lows.
Japan Times
BUSINESS / Companies
Feb 13, 2023
SMBC Nikko fined ¥700 million over market manipulation
The firm received an additional penalty of some ¥4.4 billion, while a former executive officer was given a suspended prison sentence.
Japan Times
BUSINESS / Companies
Nov 4, 2022
SMBC Nikko CEO to stay on, for now, following trading scandal
At a news conference in Tokyo, Yuichiro Kondo said he 'will step down after paving the way for the company's reconstruction.'
Japan Times
BUSINESS / Companies
Oct 31, 2022
SMBC Nikko posts record loss on market rigging fallout
The firm signaled personnel changes are in the works, and wasn't optimistic that business will bounce back quickly.
Japan Times
BUSINESS
Oct 7, 2022
Sumitomo Mitsui punished for market-rigging at brokerage arm
The financial watchdog also ordered SMBC Nikko to suspend operations related to block offers for three months, in a fresh blow to the company's reputation.
Japan Times
BUSINESS / Companies
Oct 3, 2022
SMBC Nikko’s issues let small firms grab credit market share
Tokai Tokyo Securities and Shinkin Securities moved up in the league tables in the first half of the financial year that started April, surpassing SMBC Nikko, data shows.
Japan Times
BUSINESS / Companies
Sep 29, 2022
Watchdog recommends punishment for SMBC Nikko over alleged manipulation
The measures typically entail temporary business suspensions or orders to improve internal controls, among other things.
Japan Times
BUSINESS
Sep 24, 2022
SMBC Nikko to face administrative penalties over stock manipulation
Based on the recommendation, the Financial Services Agency is expected to impose penalties on the firm, including an order for the company to suspend part of its operations.
Japan Times
BUSINESS
Jun 24, 2022
Probe calls SMBC Nikko trading scandal 'unjust act'
A panel urged the brokerage to strengthen its compliance and establish a structure that would enable it to identify misconduct.
Japan Times
BUSINESS / Companies
May 25, 2022
SMBC Nikko’s bond business dives in value after alleged market manipulation
A scandal has damaged the firm just as issuers and investors are increasingly adopting environmental, social and governance targets into their business strategies.
Japan Times
BUSINESS
Apr 12, 2022
Japan SESC files more charges against SMBC Nikko and executives
SMBC Nikko said it sincerely apologizes for causing trouble and concern, and will cooperate with investigations and make efforts to regain trust.
Japan Times
BUSINESS / Companies
Mar 23, 2022
Tokyo prosecutors to indict SMBC Nikko for alleged market manipulation: report
The move against the unit of Sumitomo Mitsui Financial Group Inc., the country's No. 2 lender, will be a blow to one of Japan's biggest brokerages and its second-largest megabank.
Japan Times
JAPAN
Mar 19, 2022
A ‘killing stone’ broke in Japan. Is a demon on the loose?
The rock appears in a famous legend starring a nine-tailed fox spirit. The question now is whether the fracture was a good or bad omen.
Japan Times
BUSINESS / Companies
Mar 16, 2022
Scandal rocks Japanese finance as SMBC Nikko staff are arrested
The arrests are a sudden escalation of a situation that's been brewing since at least June, when the Financial Services Agency's enforcement arm raided SMBC Nikko's offices.
Japan Times
BUSINESS / Economy
Mar 7, 2020
Canceling Olympics would reduce Japan's GDP by 1.4%, study says
Gross domestic product will dip u00a57.8 trillion and corporate revenues will drop 24.4 percent if the outbreak stretches into July, a securities house says.

Longform

Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on