Tag - corporate-governance

 
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December 04, 2024
 

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CORPORATE GOVERNANCE

Seven & I Holdings essentially unveiled a plan to split in two.
BUSINESS / Companies
Oct 11, 2024
Seven & I to split in two to fend off Couche-Tard takeover bid
The big question is if the move will be enough to win over any investors warming to Couche-Tard’s approach.
Seven & I had been under pressure from activists and other investors for years to narrow its focus on its crown jewel: 7-Eleven and other convenience stores.
BUSINESS / Companies
Oct 10, 2024
Seven & I to embrace 7-Eleven name as it sheds noncore businesses
The plans accelerate restructuring efforts in the face of an unsolicited ¥7 trillion takeover proposal from Alimentation Couche-Tard.
An Ito-Yokado supermarket in Tokyo. Selling down some of its stake in the supermarket business would allow Seven & I to bring in a partner that could accelerate an overhaul of the unit.
BUSINESS
Oct 4, 2024
Seven & I considering supermarket stake sale ahead of IPO, sources say
The supermarket business includes the Ito-Yokado chain, one of Japan's best-known grocery store businesses.
An electronic ticker at the Tokyo Stock Exchange
BUSINESS
Oct 4, 2024
More stocks trade below book value in Japan despite reforms
About 38% of Topix 500 companies were trading below book value as of the end of September.
Nomura Holdings Chief Executive Officer Kentaro Okuda apologized in his first public appearance following allegations that an employee manipulated the bond futures market.
BUSINESS / Companies
Oct 2, 2024
Nomura CEO apologizes after bond market manipulation probe
The move came as Nomura competes to capitalize on a revival of the Japanese bond market fueled by a shift in the country’s monetary policy.
Japan's declining population has made it more difficult for convenience store operators to grow.
BUSINESS / Companies / FOCUS
Oct 1, 2024
Some 7-Eleven owners in Japan welcome foreign bid, hoping for change
Some franchisees are concerned about competition from rivals and say they are struggling with rising costs.
An online seminar held in late July by Norihiro Nishimura, a professor at Mie University’s Graduate School of Regional Innovation Studies, involved deep discussions that provided participants with direction in the fine-tuning of their research.
JAPAN / Society / Regional voices: Chubu
Sep 30, 2024
Chubu universities train corporate execs through graduate programs
The programs teach company presidents and executives how to look within their organizations — for issues, challenges and data — to grow their businesses.
At least four Japanese firms removed Nomura Holdings as bond manager after market rule violations were found.
BUSINESS / Companies
Sep 30, 2024
Nomura excluded from several yen bond deals on rule breach
The securities watchdog said it had investigated Nomura for suspected market manipulation in government bond futures and found violations.
Shareholder support for Toyota Chairman Akio Toyoda slid after government probes uncovered fraudulent vehicle certifications at Toyota and its group companies.
BUSINESS / Companies
Sep 30, 2024
Opposition to Toyota’s chairman spreads among big shareholders
Akio Toyoda, the grandson of the company’s founder, saw shareholder support drop to 85% last year, a record low at the time, and then a further decline to 72% in June.
A Kobayashi Pharmaceutical factory in Osaka
BUSINESS
Sep 28, 2024
Kobayashi Pharma sued in Taiwan over beni kōji products
A group filed the lawsuit with the Taipei District Court against six firms including a Taiwanese unit of Kobayashi Pharmaceutical and an importer in Taiwan.
A Toyota Rav-4 Prime charges at an electric vehicle charging station in New York on Sept. 3. Toyota's sales fell again in August after declines in Japan and China put an end to a short-lived recovery.
BUSINESS / Companies
Sep 27, 2024
Toyota production falls on vehicle safety scandals and U.S. recalls
Global output, including that of subsidiaries Daihatsu Motor and Hino Motors, dropped in August by 12.6% from a year earlier
The Tokyo Stock Exchange in Tokyo. Japanese companies with directors that sit on multiple boards are facing the equity market’s displeasure as the bourse steps up pressure to improve corporate governance.
BUSINESS / Companies
Sep 27, 2024
‘Moonlighting’ directors are problem for company boards in Japan
The Tokyo bourse has demanded that firms in its blue-chip Prime section get at least a third of their board members externally.
Catherine O’Connell has achieved a number of notable firsts in Japan.
BUSINESS / Companies
Sep 24, 2024
Pioneering foreign female attorney stresses pragmatism within Japan Inc.
Catherine O’Connell was the first foreign woman to establish a law practice in Tokyo and to sit on the audit and supervisory boards at Toyota Motor and Fujitsu.
The top three U.S. money managers — State Street, Vanguard, and BlackRock — have dramatically reduced support for environmental and social proposals.
BUSINESS / Markets
Sep 23, 2024
Big three money managers cut support for climate proposals
Total shareholder support for environmental and social resolutions fell to about 19% during the latest proxy season from roughly 22% in the year-earlier period.
Netflix has developed more local content for India featuring Bollywood actors over the years.
BUSINESS / Companies
Sep 23, 2024
India probing Netflix for visa violations and racial discrimination, email shows
Netflix has often faced heat in India over its content deemed insensitive by some users, as well as an Indian tax demand since 2023.
A train on JR East's Chuo Line in Tokyo
BUSINESS
Sep 21, 2024
JR East failed to disclose data tampering for seven years
The misconduct occurred in a rail yard of JR East in Tokyo's Shinagawa Ward and was detected in March 2017.
Shiretoko Yuransen President Seiichi Katsurada (center) in Shari, Hokkaido, in May 2022. Katsurada admitted to having little knowledge of ships in an interview before his arrest on Wednesday.
JAPAN / Crime & Legal
Sep 19, 2024
Hokkaido boat operator in 2022 fatal sinking had little knowledge of ships
He made himself the company's safety and operational manager despite lacking the necessary qualifications after dismissing key employees during the pandemic.
Data was falsified for wheelsets on Tokyo Metro train cars.
JAPAN
Sep 19, 2024
Tokyo Metro maintenance subsidiary falsified wheelset data
Data was altered for 233 axles of 161 subway cars, out of a total of 11,000 axles of some 2,700 cars owned by Tokyo Metro.
Migrant workers and union members hold a demonstration in favor of fair working conditions in the Made in Italy supply chain, in Geneva on Sept. 11.
BUSINESS
Sep 19, 2024
How migrant workers suffer to craft the 'Made in Italy' luxury label
Brands rely on a chain of contractors and subcontractors, with checks on conditions and the treatment of workers virtually nonexistent.
Circle K owner Alimentation Couche-Tard’s initial $14.86-a-share proposal, seen as cheap at only 20% above Seven & I’s share price, may fail without a higher bid.
COMMENTARY / Japan
Sep 19, 2024
How 7-Eleven can get a big price from Circle K
Alimentation Couche-Tard’s initial $14.86-a-share proposal, seen as cheap at only 20% above Seven & I’s share price, is unlikely to succeed without a higher bid.
Japan’s 2024 buzzword of the year urges a reevaluation of past norms
Sadao Abe, who played the role of a time-traveling Showa Era teacher transported to present day in a popular TV drama, receives the 2024 buzzword of the year award for the word "futehodo," the nickname of the series.
Australian says romance scam tricked her into smuggling drugs into Japan
Donna Nelson says her life was turned upside down when she learned that the man she was falling for had tricked her into smuggling 2 kilograms of methamphetamine into Japan.
Trump says will 'block' Nippon Steel from taking over U.S. Steel
U.S. President-elect Donald Trump says he will "block" a planned takeover of U.S. Steel by Nippon Steel.
Japan witnesses warmest fall on record
Hibiya Park in Tokyo's Chiyoda Ward on Saturday. Warm weather has delayed the country's autumn foliage season — when tourists flock to see leaves turn vibrant reds and yellows.
South Korea's Yoon backs down after parliament rejects martial law
Soldiers try to enter the National Assembly building in Seoul, after South Korea President Yoon Suk Yeol declared martial law late Tuesday evening.
Can Japan's scientific community rebound from a Nobel nosedive?
The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Europe eyes 'boots on the ground' in Ukraine as possible peace deal option
A serviceman with the Ukrainian Army's 24th mechanized brigade fires a machine gun during an exercise, amid Russia's attack on Ukraine, in the country's Donetsk region on Friday.
Seven strangers and an algorithm: Can this new dinner app help you make friends?
Timeleft uses an algorithm to match its users with five or six strangers in an effort to prompt “human connection” over dinner at a restaurant. It determines the attendees with the help of a simple personality quiz available when you sign up for the service. 
Don’t worry, you can still use your Japan health insurance card — for now
A My Number card reader at a pediatric clinic in Tokyo. While the government will stop issuing new health insurance cards on Monday, most people will remain unaffected by the move in the short term as existing health insurance cards can still be used for another year.
The Geisha bean is the leading lady of Tokyo's coffee scene
Discovered in the 1930s, the Geisha coffee plant came to worldwide fame in the early 2000s and now represents some of the best coffee on the planet — Tokyo's top cafes included.

Podcast

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

Longform

The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Can Japan's scientific community rebound from a Nobel nosedive?
By Tomoko Otake

SUSTAINABLE JAPAN

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