Tag - corporate-governance

 
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April 22, 2025
 

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CORPORATE GOVERNANCE

The Shein logo on hangers at a pop-up store in Dublin on Nov. 8, 2022
BUSINESS / Companies
Jun 13, 2024
Shein steers tough course in pursuit of blockbuster London IPO
Both of the U.K.’s major political parties have met with Shein leaders, according to reports, though neither has come out in support publicly.
The Fair Trade Commission in Tokyo's Chiyoda Ward
BUSINESS / Companies
Jun 12, 2024
Hashimoto Sogyo inspected over nonpayment of overtime
The antimonopoly law prohibits the abuse of a shipper's dominant position over an operator.
Between November and May, five major incidents involving Japan Airlines aircraft were reported, prompting the transport ministry to issue the airline a stern warning and conduct an on-site inspection at its facilities late last month.
BUSINESS / Companies
Jun 11, 2024
JAL vows to raise crew safety awareness following emergency probe
The airline promised to implement measures to prevent a recurrence of recent months' safety lapses in order to regain the trust of passengers.
Toyota Industries holds its shareholders meeting in Takahama, Aichi Prefecture, on Tuesday.
BUSINESS / Companies
Jun 11, 2024
Scandals and profitability in focus as Japan firms hold shareholders meetings
The strong interest in compliance follows a string of testing fraud scandals at automakers, while the focus on profitability has led to a flurry of shareholder proposals.
The Dior investigation focused on four suppliers employing 32 staff who worked in the surroundings of Milan, two of whom were immigrants in the country illegally while another seven worked without the required documentation.
BUSINESS / Companies
Jun 11, 2024
LVMH's unit put under court administration in Italy over labor exploitation
A probe alleged that the Italian subsidiary, which makes Dior-branded handbags, had subcontracted work to Chinese-owned firms that mistreated workers.
Transport ministry officials enter Mazda's headquarters in Fuchu, Hiroshima Prefecture, on Monday.
BUSINESS / Companies
Jun 10, 2024
Honda and Mazda headquarters inspected over vehicle test fraud
The transport ministry last week searched the head offices of Toyota, Yamaha and Suzuki.
The Tokyo Stock Exchange in Tokyo
BUSINESS / Companies
Jun 10, 2024
Japan’s jammed AGM season limits shareholder engagement, investors say
Almost 60% of companies will hold meetings this month, with 30% hosting on June 27.
Akio Toyoda, chairman of Toyota Motor, bows during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 8, 2024
Shareholder votes in focus as big Japan banks sell Toyota shares
The potential exit of key stakeholders may lead to less stability and predictability for boards and management of listed companies across Japan.
A bank and two securities companies under Mitsubishi UFJ Financial Group could face punitive action for allegedly sharing customer information without consent, sources said.
BUSINESS / Companies
Jun 7, 2024
MUFG units could be penalized for sharing client information
MUFG Bank and the securities firms exchanged information related to clients’ mergers and acquisitions without their consent, sources say.
Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group will sell their Toyota shareholdings over an extended period of time lasting a few years, sources said.
BUSINESS / Companies
Jun 7, 2024
Two of Japan's top banks to divest ¥1.3 trillion in Toyota shareholdings
Mitsubishi UFJ and Sumitomo Mitsui will sell in stages and take advantage of Toyota’s plan to buy back its own shares.
Toyota has temporarily stopped manufacturing its Corolla Fielder and Corolla Axio models following the data falsification scandal.
BUSINESS / Companies
Jun 6, 2024
Japan looks to minimize economic fallout of auto-test falsifications
The top government spokesman has described fraudulent activity uncovered this time as "minimal" compared to that of Daihatsu, which spanned decades.
Toyota Chairman Akio Toyoda bows at a news conference in Tokyo on Monday, the day the automaker said it had suspended domestic shipments of three car models after falling foul of government certification rules.
COMMENTARY
Jun 6, 2024
Why Toyota's so-called safety scandal is a 'nothingburger'
Unlike the Volkswagen Dieselgate scandal, there have been no recalls, and Japanese vehicles have passed retests without issues.
Officials from the transport ministry arrive for an inspection at Toyota headquarters in the city of Toyota, Aichi Prefecture, on Tuesday.
BUSINESS / Companies
Jun 5, 2024
Toyota car certification probe prompts calls for rules review
Despite revisions since the standards were enacted in 1951, regulations haven’t kept up with the times, an analyst wrote in a report.
Transport ministry officials head to Toyota's headquarters in Aichi Prefecture on Tuesday for on-site inspections.
BUSINESS / Companies
Jun 4, 2024
Auto certification in spotlight as Toyota raided over data tampering
Questions have emerged over whether Japan's regulatory standards and their subjective interpretation might be hindering automakers.
Toyota Motor Chairman Akio Toyoda apologizes during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 3, 2024
Japan's auto-testing scandal deepens, resulting in some shipment halts
Toyota and four other Japanese automakers have admitted to falsifying testing data and performing tests under inappropriate conditions, among other infractions.
Nissan CEO Makoto Uchida said that the automaker will continue to communicate with its suppliers to see whether unfair practices persist and set up a new team directly under him to accelerate reforms on its relations with its subcontractors.
BUSINESS / Companies
Jun 1, 2024
Nissan challenges TV Tokyo report on subcontractors
The automaker denied allegations that it continued to pressure its suppliers into slashing prices even after receiving a warning from the fair trade regulator.
Ashwani Gupta, then-chief operating officer of Nissan, in April 2023
BUSINESS / Companies
May 31, 2024
Nissan paid ex-COO $3.7 million to quit after sexual harassment claims
Ashwani Gupta's compensation figure for leaving the company is now public in a notice of the annual shareholders’ meeting, which showed he will also receive allowances.
Tomohide Miyata, who became Eneos Holding's CEO in April
BUSINESS / Companies
May 31, 2024
Eneos seeks female directors in wake of harassment scandals
Japan's top oil refiner has nominated four women and seven outside directors to be elected by shareholders to a smaller 10-seat board.
Toyota Chairman Akio Toyoda during a news conference in Nagoya in January
BUSINESS / Companies
May 29, 2024
Toyota investors urged to vote against founding family chair
The recommendations come ahead of Toyota’s annual shareholders meeting scheduled for June 18 at its headquarters in the city of Toyota in Aichi Prefecture.
Masanori Katayama, chairman of the Japan Automobile Manufacturers Association, said the association will work with the Japan Auto Parts Industries Association to address the problem of subcontractor bullying.
BUSINESS / Companies
May 24, 2024
Japan’s automakers vow to stop squeezing their suppliers
Member companies of the Japan Automobile Manufacturers Association have agreed to treat subcontractors more fairly when the latter pass on cost increases.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Pope Francis, radical leader who broke the papal mold, dies at 88
Pope Francis blesses the faithful during the weekly general audience at the Vatican in August 2023.
Japan mulls reviewing car safety rules to strike deal with Trump
Ryosei Akazawa, Japan's Economic Revitalization Minister and top tariff negotiator with the U.S., speaks to the press upon his arrival at Haneda Airport in Tokyo on Friday.
Japan tariff negotiator rules out quick U.S. deal despite push by Trump
Ryosei Akazawa, Japan's top tariff negotiator with the U.S., speaks to reporters upon his arrival at Tokyo's Haneda Airport on Friday, a day after talks in Washington.
Shohei Ohtani announces birth of daughter
Shohei Ohtani and his wife Mamiko Tanaka attend a Lakers game in Los Angeles on Dec. 8, 2024.
The floor is art: Takuro Tamayama transforms mundanity
Takuro Tamayama’s sculpture “Models (Pair, 6 sets, 12 rings)” comes with a mathematical formation that scales it for different spaces.
Nothing sells like Shohei Ohtani, MLB’s marketing megastar
People walk past an advertisement featuring Los Angeles Dodgers two-way star Shohei Ohtani outside Tokyo Dome on March 18.
Calling all Potterheads: ‘The Goblet of Fire’ comes to Tokyo
The Tokyo version of the globe-trotting exhibition features a Ministry of Magic set, which includes an imposing replica of the Magic Is Might monument representing magical fascism.
Tokyo stock picker advises Trump-proofing portfolios with Godzilla creator Toho
The head of Godzilla, a Japanese monster movie character, is seen on a building of Toho Cinema in Tokyo. Toho is one tariff-defensive stock being recommended by brokers.
LDP and CDP lawmaker groups propose 0% consumption tax on food
A vegetable stand displays prices at a supermarket in Tokyo in 2023. Some lawmakers are proposing lowering the consumption tax on food to 0%, which is expected to result in a loss of up to ¥5 trillion in tax revenue annually.

Podcast

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

Longform

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.
By Tomoko Otake

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