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December 05, 2024
 

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CORPORATE GOVERNANCE

Tuesday's shareholders meeting was held at the company’s headquarters in the city of Toyota, Aichi Prefecture.
BUSINESS / Companies
Jun 18, 2024
Shareholders deliver vote of confidence to Toyota and Toyoda
They stood their ground against the advice of the world’s most influential proxy advisory services urging them to reject Toyoda's reappointment to the board.
Boeing CEO Dave Calhoun makes a rare public appearance at the Berlin Aviation Summit on June 4. His presentation — swinging between defiance and contrition — might offer clues on how he aims to handle himself during the Washington hearing on Tuesday.
BUSINESS / Companies
Jun 18, 2024
Boeing faces senate grilling as CEO search gains momentum
How outgoing CEO Dave Calhoun handles the spotlight is important not just for his legacy, but also for the company’s work to shore up confidence.
More than 2,100 companies, or about 98% of listed firms whose financial year ends in March, are due to hold their AGMs during the coming two weeks, according to the Tokyo Stock Exchange.
BUSINESS / Companies
Jun 18, 2024
Activists’ proposals hit record high for Japan’s AGM season
A total of 45 companies received proposals as of June 7, according to data compiled by Sumitomo Mitsui Trust Bank.
A protest accusing Deutsche Bank of greenwashing. Its subsidiary DWS was fined $25 million last year for misstating its environmental, social and governance activities.
COMMENTARY / World
Jun 17, 2024
Too many companies make false claims about their social impact
Exaggerated claims about companies' positive social and environmental impact ruin our chances of achieving a sustainable future. An entirely new system is needed.
The Securities and Exchange Surveillance Commission on Friday recommended administrative action against MUFG Bank and two brokerage units of Mitsubishi UFJ Financial Group for sharing nonpublic information on client companies without their permission.
BUSINESS / Companies
Jun 14, 2024
Watchdog backs penalties over sharing of Mitsubishi UFJ client data
The Securities and Exchange Surveillance Commission said that MUFG's banking and securities units had engaged in unauthorized sharing of information.
Berkshire Hathaway Chairman Warren Buffett attends the opening ceremony of Tungaloy's new plant in Iwaki, Fukushima Prefecture, in November 2011. Buffett says Tokyo executives are good value for money amid a widening pay gap between local and foreign business leaders.
COMMENTARY / Japan
Jun 14, 2024
The pay gap in Japan’s boardrooms is unacceptable
The job market in Japan is, at all levels, much less liquid and executives are less likely to need incentives to avoid jumping ship to rivals.
Shareholder approval of the $56 billion pay package serves as both an endorsement of Elon Musk's tenure and an acknowledgment that investors do not want to risk Tesla's future.
BUSINESS / Tech
Jun 14, 2024
Tesla's Musk wins shareholder approval for $56 billion pay package
The approval does not, however, resolve a lawsuit on the pay package in a Delaware court.
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.
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.
BOJ weighs case for first triple hike since Japan’s bubble burst
Bank of Japan Gov. Kazuo Ueda reiterated in an interview published Saturday that authorities will raise rates if the economy performs in line with projections.
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.
Jetstar Japan loses lawsuit over disciplinary action against cabin crew
Jetstar Japan has been ordered to pay back wages to two cabin crew members for the periods they were suspended.
Nomura CEO takes pay cut after former employee charged with attempted murder
Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
U.S. Space Force launches first unit in Japan
Activated on Wednesday, U.S. Space Forces Japan — a component similar to the one established at South Korea’s Osan Air Base in 2022 — will operate out of Yokota Air Base in the city of Fussa, western Tokyo, with a staff of about 10.
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.

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

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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