Tag - corporate-governance

 
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April 11, 2025
 

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CORPORATE GOVERNANCE

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.
Fuji Television Network President Kenji Shimizu (center) visits the communications ministry in Tokyo on Thursday.
JAPAN
Apr 4, 2025
Japan's government warns Fuji TV over handling of scandal
Dalton Investments, a major shareholder in Fuji Media, said Thursday that it has demanded the resignation of executives at the media group over the scandal.
A report by the U.K.-based Commonwealth Climate and Law Initiative warns that ignoring climate-related financial threats could expose executives to lawsuits, regulatory scrutiny, and financial losses.
JAPAN / Science & Health
Apr 3, 2025
Japanese execs could face lawsuits for climate inaction: report
Coauthored by legal scholars specializing in corporate governance, the study underscores the mounting financial and legal risks facing companies in Japan.
Lawyer Akira Takeuchi (center), the head of a third-party panel commissioned by Fuji TV to investigate a series of scandals at the broadcaster, fields questions along with other panel members at a news conference on Monday in Tokyo's Minato Ward.
JAPAN / Media / FOCUS
Apr 1, 2025
What the Fuji TV third-party probe uncovered
The panel concluded that TV personality Masahiro Nakai committed "sexual violence" against a female newscaster and that there is a culture of harassment at the broadcaster.
Renault and Nissan will be able to reduce their cross-ownership to no less than 10%, from 15% previously, Renault said Monday.
BUSINESS / Companies
Apr 1, 2025
Renault and Nissan back more share sales in alliance loosening
The firms will be able to reduce their cross-ownership to no less than 10%, from 15% previously, Renault said.
The headquarters of Fuji Media Holdings, Fuji TV's parent, in Tokyo's Minato Ward
JAPAN / Media
Mar 31, 2025
Fuji TV bears heavy responsibility over Nakai's 'sexual violence': panel
A third party panel's probe on a series of scandals involving the broadcaster and the TV star acknowledged the nature of his "trouble" with a woman for the first time.
U.S. President Donald Trump walks toward Air Force One at Joint Base Andrews in Maryland on Friday.
BUSINESS / Companies
Mar 31, 2025
U.S. orders French companies to comply with Trump's DEI ban
The order will spark concerns in European boardrooms that the Trump administration is widening its fight against DEI policies overseas.
Zensho Holdings, operator of fast-food chain Sukiya, said it will close all of its stores in Japan, except for a small number in shopping centers, between Monday and Friday following recent contamination incidents.
JAPAN
Mar 30, 2025
Japan's biggest beef bowl chain Sukiya to shut nearly 2,000 stores after rat and bug contamination
As of the end of 2024, Sukiya operated 1,965 stores in Japan.
How Fuji TV responds to the results of a third-party probe will be crucial to restoring public trust — and could determine whether sponsors, whose TV ads are the company's main source of revenue, choose to return.
JAPAN
Mar 28, 2025
Fuji TV returns to spotlight as deadline for scandal probe looms
How Fuji TV responds to the report will be crucial to restoring public trust — and could determine whether sponsors choose to return.
"The most desirable decision is for companies' securities reports to be accessible to the public at least three weeks before the general meetings," financial services minister Katsunobu Kato said on Friday.
BUSINESS
Mar 28, 2025
Japan seeking securities disclosures before shareholders' meetings
The government will make the request in response to criticism from overseas investors that they do not have enough access to information ahead of the meetings.
The packaging materials that Chateraise refused to receive from its subcontractor on Thursday in Tokyo
BUSINESS / Companies
Mar 28, 2025
Japan FTC warns Chateraise over subcontract law breaches
The regulatory watchdog also urged the company, based in Kofu, Yamanashi Prefecture, to take action to prevent a recurrence of such a problem.
Hisashi Hieda, a 41-year veteran of Fuji TV’s board of directors and dubbed the broadcaster’s “emperor,” has stepped down.
BUSINESS / Companies
Mar 27, 2025
In the wake of several scandals, Fuji TV ‘emperor’ Hieda steps down
Hieda, a 41-year veteran of Fuji TV’s board of directors, also plans to step down as chairman of the Fujisankei Communications Group, of which the broadcaster's parent is a part.
Hino Motors pleaded guilty on Wednesday over a multiyear emissions fraud scheme in the United States and must pay $1.6 billion in penalties.
BUSINESS / Companies
Mar 20, 2025
Toyota's Hino pleads guilty to U.S. emissions fraud and is fined $1.6 billion
Hino admitted that between 2010 and 2019, it used "illicit short-cuts" and submitted false applications for engine certification approvals.
Mitsubishi UFJ Financial Group has walked away from the banking industry’s largest climate alliance.
BUSINESS / Companies
Mar 20, 2025
MUFG leaves climate group as Japanese banks join Wall Street exits
MUFG follows Tokyo-based rivals Nomura Holdings and Sumitomo Mitsui Financial Group in leaving the Net-Zero Banking Alliance.
Alex Miller, CEO of Alimentation Couche-Tard, speaks during a news conference in Tokyo last week.
BUSINESS / Companies
Mar 20, 2025
Couche-Tard seeks to reassure investors on Seven & I approach
The parent company of the Circle K chain has been pursuing Seven & I for months, bidding almost $50 billion for it, but has been rebuffed.
The Japanese postal mark displayed on a Japan Post post box in Tokyo
JAPAN
Mar 18, 2025
Number of Japan Post clients affected by misuse of information rises to 10 million
"We deeply apologize for causing anxiety and worry," Japan Post Holdings Managing Executive Officer Miho Ichiki told a news conference.
The administration of U.S. President Donald Trump's attack on DEI is making waves at international companies in Europe, Asia and beyond — but quietly, many businesses are standing firm on diversity initiatives.
BUSINESS / Companies / FOCUS
Mar 18, 2025
Trump has companies in Europe and Asia walking a DEI tightrope
Outside of the United States, many businesses are quietly standing firm on diversity initiatives.
Idled blast furnaces at U.S. Steel's Granite City Works in Granite City, Illinois, in July 2017
BUSINESS / Companies
Mar 15, 2025
U.S. Steel activist investor boosts holding in turnaround push
The move comes as hope for the deal that drew massive attention during the 2024 American presidential election has shown little progress.
Dentsu's headquarters in Tokyo
BUSINESS
Mar 14, 2025
Watchdog finds Dentsu and other Japanese firms reluctant to accept price hikes
Dentsu, Nippon Express and Kohnan Shoji have kept their transaction prices with their partners unchanged without consultation despite rising raw materials costs.
Takayasu’s latest heartbreak makes sumo history
Takayasu during the one-day Annual Sumo Tournament at the Ryogoku Kokugikan in Tokyo on Feb 9, 2020
Trump's tariff gambit leaves Asia stunned and scrambling
U.S. President Donald Trump speaks as he attends the National Republican Congressional Committee dinner in Washington on Tuesday. Trump allowed new tariffs — including a 24% levy on Japan — to go into effect as scheduled on Wednesday.
Tokyo cheers Trump’s tariff U-turn with second-biggest market gain ever
U.S. President Donald Trump looks on after signing an executive order in the Oval Office of the White House on Wednesday in Washington.
Banks freeze withdrawals for foreign nationals upon expiration of visas
Foreign residents who fail to renew their residential statuses before their expiry may find that they won’t be able to withdraw cash from their bank accounts.
Japanese badminton ace Shida blasts 'stalker' Chinese fans
Chiharu Shida of Japan in action during the bronze medal match with Nami Matsuyama against Pearly Tan and Muralitharan Thinaah of Malaysia at the 2024 Olympic Games in Paris, France on Aug. 03, 2024
Who is Ryosei Akazawa, Japan's tariffs negotiator?
Economic revitalization minister Ryosei Akazawa, who Prime Minister Shigeru Ishiba has appointed Japan's tariff negotiator, is one of his closest allies and busiest ministers.
After a tumultuous buildup, a first look at the Osaka Expo
A large statue of Osaka Expo mascot Myaku Myaku sits near the east entrance of the event's venue in Yumeshima island, Osaka, on Wednesday.
Japan gets a new U.S. ambassador — and he has his work cut out for him
George Glass, U.S. President Donald Trump's pick to be ambassador to Japan, attends a Senate Foreign Relations Committee confirmation hearing in Washington on March 13.
Online art scene eager to go offline, at least for the moment
Digital artist Polygon1993 revels in the physicality of nostalgic technology, making art out of materials such as miniature CDs, holographic prints layered with plexiglass shards and a giant custom-made floppy disk.
Tottori takes a bold leap forward in the arts
The city of Kurayoshi in Tottori Prefecture celebrated the opening of its public art museum with festivities such as a parade that drew 1,000 revelers.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

An ongoing shortage of rice has resulted in rising prices for Japan's main food staple.
Why Japan is running out of rice — and farmers to grow it
By Alex K.T. Martin

SUSTAINABLE JAPAN

BOARDING & INTERNATIONAL SCHOOL DAY 2025 (Sunday, April 20)
BOARDING & INTERNATIONAL SCHOOL DAY 2025 (Sunday, April 20)

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