ILEA000042676: Suzuki has credit, debt guarantees to GM affiliates

Suzuki Motor HQ inspected over improper vehicle testing

Officials from the Japanese transport ministry head to Suzuki Motor Corp.'s headquarters in Hamamatsu, Shizuoka Prefecture, central Japan, to conduct an inspection on June 6, 2024, after the automobile maker admitted to improperly obtaining vehicle quality certifications.

Suzuki Motor HQ inspected over improper vehicle testing

Japanese transport ministry officials head to Suzuki Motor Corp.'s headquarters in Hamamatsu in Shizuoka Prefecture, central Japan, on June 6, 2024, to conduct an inspection after the automaker admitted to improperly obtaining vehicle quality certifications.

Nissan shareholders' meeting

Nissan Motor Co. President and CEO Makoto Uchida speaks during a general shareholders meeting at the company's head office in Yokohama, eastern Japan, on June 29, 2020. The struggling automaker held the shareholders meeting a month after reporting a net group loss of over 670 billion yen in the year ended in March 2020 partly due to reduced demand amid the coronavirus outbreak. (Kyodo) ==Kyodo

Shionogi's new mid-term management plan briefing

On the 1st, Shionogi announced a new mid-term management plan to invest 500 billion yen in expanding overseas business and launching new businesses by FY2024. The company will also increase research and development expenses by 20% over the past five years to about 342.1 billion yen. In addition to strengthening its own sales of pharmaceuticals in Japan and overseas, the company will also invest heavily in products and services other than ethical drugs, such as vaccines.In terms of sales strategy, the company plans to strengthen its sales in the U.S. and China, and increase the ratio of overseas sales to more than 50% in FY2012 (18.5% in FY2007). President Tedairogi said, "We aim to become a drug discovery company that people from outside the company want to work with," and also indicated that the company will place importance on alliance strategies. (Photo taken on June 1, 2020, location unknown, credit: Nikkan Kogyo Shimbun / Kyodo News Images)

JDI President Kikuoka at a press conference

Japan Display Inc. (JDI) has finalized a new fundraising framework totaling over 100 billion yen. In addition to raising 80-90 billion yen from Ichigo Asset Group, an independent investment fund, JDI will also sell some of its facilities at its Hakusan plant (Hakusan, Ishikawa Prefecture) to Apple Inc. On April 12, JDI announced that it had reached a basic agreement with Ichigo Trust to raise up to 90 billion yen from Ichigo. Minoru Kikuoka, president of JDI, explained the purpose of the framework at a press conference on January 12, saying, "We will sell assets in order to enhance our capital and at the same time minimize the impact on existing shareholders through dilution. He explained the purpose of the framework. Wistron, a major Taiwanese electronics manufacturing service (EMS) company, also intends to invest 50 million dollars (about 5.4 billion yen) in JDI. December 12, 2019, Tokyo, Japan; Credit: Nikkan Kogyo Shimbun / Kyodo News Images

Joint Conference by SOMPO Holdings and Palantir Technologies

Palantir Technologies (California) , a U.S. provider of big data analysis, announced on the 18th that it has established a joint venture with SOMPO Holdings (HD) (photo). On December 1, Palantir will provide a service to analyze all kinds of data within Japanese companies and public institutions, including Excel, e-mail, and call records. The data will be used to predict the possibility of free recalls of automobile parts and to detect money laundering. The new company, Palantir Technologies Japan (Chuo Ward, Tokyo), is 50% owned by Palantir and 50% by SOMPOHD. It will be capitalized at 100 million dollars (about 10.8 billion yen), and aims to achieve sales of 100 billion yen in the medium to long term. President Kengo Sakurada expressed his hope that the company will pursue its dream of becoming a real data platformer. Photo taken on November 18, 2019, credit: Nikkan Kogyo Shimbun / Kyodo News Images

Toyota's earnings announcement

Toyota Motor Corp. Executive Vice President Koji Kobayashi (R) and Operating Officer Masayoshi Shirayanagi hold a press conference in Tokyo on May 8, 2019, on the automaker's earnings results for the year ended March 31. Toyota became the first Japanese company to report sales topping the 30 trillion yen threshold thanks in large part to brisk sales in China. (Kyodo) ==Kyodo

Suzuki Motor's improper product inspections

Suzuki Motor Corp. President Toshihiro Suzuki (C) bows in apology at a press conference in Tokyo on April 12, 2019. The automaker will book around 80 billion yen ($714 million) in special loss for the business year ended March 31 over the recall of 2 million vehicles affected by improper product inspections. (Kyodo) ==Kyodo

Suzuki Motor's improper product inspections

Suzuki Motor Corp. President Toshihiro Suzuki speaks at a press conference in Tokyo on April 12, 2019. The automaker will book around 80 billion yen ($714 million) in special loss for the business year ended March 31 over the recall of 2 million vehicles affected by improper product inspections. (Kyodo) ==Kyodo

Carlos Ghosn.

Carlos Ghosn attends the unveiling of the "Wheel of Innovation" monument at the Nissan Motor Company headquarters in Yokohama, Kanagawa Prefecture, Japan, on June 22, 2017 (photo at right: Hiroto Nishikawa, president of Nissan Motor Co.); credit: The Nikkan Kogyo Shimbun / Kyodo News Images

Suzuki has credit, debt guarantees to GM affiliates

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Suzuki Motor HQ inspected over improper vehicle testing

Suzuki Motor HQ inspected over improper vehicle testing

Nissan shareholders' meeting

Shionogi's new mid-term management plan briefing

JDI President Kikuoka at a press conference

Joint Conference by SOMPO Holdings and Palantir Technologies

Toyota's earnings announcement

Suzuki Motor's improper product inspections

Suzuki Motor's improper product inspections

Carlos Ghosn.