ILEA000487669: Shareholders nix Steel Partners-proposed management change

Daihatsu unveils new management policy after testing scandal

TOKYO, Japan, April 8 Kyodo - Daihatsu Motor Co. President Masahiro Inoue attends a press conference in Tokyo on April 8, 2024, as the company releases a new management policy following a scandal over improper safety testing. Daihatsu said its parent company Toyota Motor Corp. will be in charge of development and safety approval for some of the models Daihatsu had handled while it will focus on its mainstay minivehicle business. (Kyodo)

Sompo CEO to step down over Bigmotor insurance fraud scandal

TOKYO, Japan, Jan. 26 Kyodo - Major Japanese insurance firm Sompo Holdings Inc. CEO Kengo Sakurada holds a press conference in Tokyo on Jan. 26, 2024, to announce he will step down at the end of March to take responsibility for the company's involvement in used car dealer Bigmotor Co.'s insurance fraud scandal. (Kyodo)

Seibu Ikebukuro workers strike

TOKYO, Japan - Striking workers represented by a labor union at Japanese department store operator Sogo & Seibu Co. march in the streets of Tokyo's Toshima Ward on Aug. 31, 2023. Store workers are opposing plans by parent Seven & i Holdings Co. to sell the 10-store chain to a U.S.-based investment fund.

Rakuten, Japan Post in capital tie-up

Japanese e-commerce giant Rakuten Inc. Chairman and CEO Hiroshi Mikitani (L) and Japan Post Holdings Co. President and CEO Hiroya Masuda fist bump through a transparent acrylic board at a press conference in Tokyo on March 12, 2021, amid the novel coronavirus pandemic. The two companies said the same day Rakuten will sell an 8.32 percent stake to Japan Post for about 150 billion yen ($1.38 billion).

ANA's shareholders meeting

An ANA Holdings Inc. shareholder disinfects his hands to prevent coronavirus infection before attending the company's general shareholders meeting in Tokyo on June 29, 2020. ANA President Shinya Katanozaka told shareholders that the airliner will do its utmost to turn around the business, severely battered by the coronavirus pandemic, with a group loss swelling to nearly 60 billion yen in the January-March quarter after most international flights were suspended amid the virus outbreak during the period. (Kyodo) ==Kyodo

TEPCO's earnings announcement

Tomoaki Kobayakawa, president of Tokyo Electric Power Company Holdings Inc., pictured in Tokyo, announces its earnings results via video conference on May 15, 2020. Its group recurring profit in the year to March 2020 dropped 4.5 percent from the previous year to 264 billion yen. (Kyodo) ==Kyodo

Tohoku University and TEPCO to conduct joint research on decommissioning

The term is five years. The division will conductresearch in a wide range of fields to solve various technical problems at the decommissioning site, including evaluation technology to detect the aging deterioration of structures. With the aim of fostering human resources, a CFReND branch office will be established at the Fukushima Daiichi Nuclear Power Plant site this summer. On-site exchanges of opinions between engineers at the decommissioning site and Tohoku University faculty and graduate students will be promoted. Nobuyoshi Hara, vice president of Tohoku University (photo at right), says, "We will continue our efforts to promote decommissioning. (Photo taken on March 24, 2020, location unknown, credit: Nikkan Kogyo Shimbun / Kyodo News Images)

Fujifilm HD Chairman Komori emphasizes the significance of the acquisition.

FUJIFILM Holdings Corporation (HD), which will acquire Hitachi, Ltd.'s diagnostic imaging systems such as computed tomography (CT) and magnetic resonance tomography (MRI), as well as electronic medical record (EMR) related services, held a press conference in Tokyo on April 18, and Chairman Shigetaka Komori emphasized the significance of the acquisition, saying, "The healthcare domain is a market with high growth potential. In particular, the company has positioned the "Diagnostics" business, including diagnostic imaging systems and medical IT, as its core business. Kenji Sukeno, President and CEO, said, "This acquisition is a combination of products with little overlap and highly complementary technologies. In September, the company acquired Yokogawa Medical Solutions, a maker of medical information systems. (Photo taken on December 18, 2019, credit: Nikkan Kogyo Shimbun / Kyodo News Images)

Japan Display to receive capital injection

Japan Display Inc. CEO Minoru Kikuoka attends a press conference in Tokyo on Dec. 12, 2019, at which he announced the company agreed with private fund Ichigo Asset Management Ltd. to receive a capital injection of up to 90 billion yen ($830 million). (Kyodo) ==Kyodo

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

Shareholders nix Steel Partners-proposed management change

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