Tag - corporate-governance

 
 

CORPORATE GOVERNANCE

The combined market capitalization of shares listed on the Tokyo Stock Exchange's Prime section stood at roughly ¥970 trillion at the end of last month.
BUSINESS
Apr 28, 2024
TSE Prime's market cap nears ¥1 quadrillion two years after shake-up
The total market capitalization of the new top tier has grown some 40% while the number of companies fell 10%.
More investors are calling on Japanese firms to abolish cross-shareholdings, a practice that has been criticized as undermining discipline in corporate governance and leading to anti-competitive behavior.
BUSINESS / Companies
Apr 26, 2024
Investor group calls for zero cross-shareholdings at Japanese firms
"Strategic shareholdings," where companies hold stocks in businesses they have ties with, have decreased slightly, but progress is slow.
The government, and the Tokyo Stock Exchange in particular, have been pushing for better governance among the country’s 3.7 million companies.
BUSINESS / Companies
Apr 25, 2024
Japan’s retail investors care about governance too, poll shows
Investors are increasingly aware of the need to hold corporate boards and executives to high standards.
An activist holds an umbrella during a Fridays for Future movement climate strike on Friday in Stockholm.
ENVIRONMENT / Climate change
Apr 22, 2024
World's largest private firms fail to set climate targets: report
The Net Zero Tracker report compared 200 of the world's largest public and private companies.
Pressure from the Tokyo Stock Exchange has amplified the voices of fund managers calling for listed companies to increase their valuations.
BUSINESS / Companies
Apr 18, 2024
Improved corporate governance in Japan is paying off, Amundi says
Some of the top holdings of Amundi’s Japan target strategy include Toppan Holdings, Ricoh, Shizuoka Financial Group, Kyoto Financial Group and TS Tech.
In Japan, there’s a huge gap between how companies value their real estate assets on their books against what those same properties would fetch if sold in the market.
BUSINESS / Companies
Apr 16, 2024
Hidden billions in Tokyo real estate lure activist hedge funds
Billions in value can be unlocked by pressuring companies to sell off holdings, a tactic that activist funds are now employing.
Signage for MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking in Tokyo. A coalition of climate groups filed shareholder proposals with the three banks calling for stricter board oversight of climate-related risks.
BUSINESS / Companies
Apr 15, 2024
Climate investors target board oversight of top Japan banks: sources
The proposal marks the first time climate groups have targeted bank boards as a way to pressure the lenders on climate change.
An Apple store in Shanghai. Apple manufactures iPads, AirPods and Apple Watches in Vietnam and suppliers for MacBooks are also investing in the country.
ASIA PACIFIC / Politics
Apr 11, 2024
Activists press Apple over Vietnam's detention of climate experts
Apple manufactures iPads, AirPods and Apple Watches in Vietnam and suppliers for MacBooks are also investing in the country.
A Boeing 787 Dreamliner lifts off at Paine Field in Everett, Washington.
BUSINESS / Companies
Apr 10, 2024
Boeing takes further blow after whistleblower alleges 787 ‘shortcuts’
Incorrect treatment of gaps between joined airframe segments could lead to "significant fatigue,” according to the former quality engineer.
Flames blaze from a chimney at Western Europe's largest liquefied natural gas plant, Hammerfest LNG, in Hammerfest, Norway, on March 14.
ENVIRONMENT / Climate change
Apr 9, 2024
Banks made big climate promises. A new study doubts they work.
Researchers found a reduction in lending to sectors targeted under the pledges was the same as for banks that had not made the same commitment.
Daihatsu Motor President Masahiro Inoue speaks during a news conference in Tokyo on Monday.
BUSINESS / Companies
Apr 8, 2024
Toyota tightens oversight over scandal-hit Daihatsu
Daihatsu will streamline the way it reports on development and certification to its parent Toyota Motor.
Seth Fischer, founder and chief investment officer of Oasis Management, says the fund has been investing in Kao for over four years and engaging with it for nine months.
BUSINESS / Companies
Apr 8, 2024
Activist Oasis reveals 3% Kao stake in battle for change at Japan cosmetics firm
Kao is the world's second-largest cosmetics and sixth-largest personal care product firm by revenue.
Nissan’s name has been removed from a list of around 44,000 companies eligible for the tax incentive on the economy ministry’s website.
BUSINESS / Companies
Apr 6, 2024
Nissan ineligible for tax break after underpaying firms: report
Nissan’s name has been removed from a list of companies eligible for the tax incentive on the economy ministry’s website, the Yomiuri Shimbum said.
Activist investor Oasis Management says shares in Kao have the potential to rise by more than 70% from recent levels.
BUSINESS / Companies
Apr 4, 2024
Kao shares jump as activist investor Oasis calls for improved performance
Kao has "significantly underperformed” its competitors in sales growth, margins, return on equity and stock performance, Oasis said in a statement.
A Boeing 737 MAX aircraft. The Jan. 5 blowout incident plunged Boeing into a new crisis five years after the second of two fatal crashes grounded the MAX.
BUSINESS / Companies
Mar 28, 2024
How Boeing's leadership was 'fired' by its own customers
With Boeing's major U.S. customers calling for a meeting without CEO Dave Calhoun, the company preempted their demands with a major upheaval.
Boeing CEO Dave Calhoun
BUSINESS / Companies
Mar 26, 2024
Will Boeing leadership shake-up redeem plane-maker with airlines and fliers?
The embattled manufacturer has announced one of the most dramatic overhauls in its century-long history, with three top executives set to depart.
South Korea's economy is one of the world's most advanced by many metrics but has been unable to shake its classification as an emerging market due to a host of issues, including the way its currency is managed.
BUSINESS / Markets
Mar 25, 2024
South Korea's push to make its markets global dogged by FX history
The export powerhouse is struggling to loosen the tight currency restrictions that have been a major pain point for investors and traders in the country.
Mercian's vineyard in Koshu, Yamanashi Prefecture
BUSINESS / Companies / FOCUS
Mar 18, 2024
Major Japanese beverage groups focusing more on sustainability
Initiatives have diversified to include water source preservation as well as winery tours under the theme of the U.N.'s Sustainable Development Goals.
A Zara clothing store in Brussels on November 2022. Inditex is an outlier among big clothing retailers in not publishing details of the factories from which it sources.
BUSINESS / Companies
Mar 12, 2024
Zara owner Inditex faces pressure from investors on supply chain disclosure
Regulators and investors want transparency from clothing retailers, to prove supply chains are free of forced labor and workers are paid decent wages.
Kathy Matsui in 2019
BUSINESS
Mar 8, 2024
Ex-Goldman executive Kathy Matsui says womenomics needs work
Matsui said the effort to increase women in leadership positions is "a matter of trial and error to find the best fit” for companies.

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