Conference on the change of president of Meiji HD

Conference on the change of president of Meiji HD

Press conference for the change of president of Meiji HD. Photo shows, from left, Kazuo Kawamura, President and CEO of Meiji HD, and Katsunari Matsuda, President and CEO-elect of Meiji HD.=April 8,2025,Tokyo

Conference on the change of president of Meiji HD

Conference on the change of president of Meiji HD

Press conference for the change of president of Meiji HD. Photo shows (from left) Mariko Matsumura, Chairperson of the Nominating Committee for Independent Outside Directors; Kazuo Kawamura, President and CEO of Meiji HD; Katunari Matsuda, President and CEO-elect of Meiji HD; Bunjiro Yao, Director and COO; Toshiaki Nagasato, Director and COO-elect; and Daikichiro Kobayashi, Director and COO.=April 8,2025,Tokyo

Sworn witness' testimony televised first time in 20 years

Sworn witness' testimony televised first time in 20 years

TOKYO, Japan - TV crew members tape a live broadcast of a meeting of the House of Councillors' Committee on Financial Affairs on Dec. 14. Kazuo Matsuda, president of Nichiei Co., testified before the committee as a sworn witness about intimidation tactics allegedly used by the company's employees to obtain loan repayments. It was the first live broadcast of a sworn witness' testimony before a Diet committee in 20 years.

Diet begins questioning chief of moneylender Nichiei

Diet begins questioning chief of moneylender Nichiei

TOKYO, Japan - Nichiei Co. President Kazuo Matsuda, summoned to appear before the House of Councillors' Committee on Financial Affairs as a sworn witness, enters the committee meeting room on Dec. 14. The committee questioned the head of the nonbank moneylender over whether the company instructed its employees to use aggressive, sometimes unlawful, loan collection methods.

Nonbank moneylender bosses testify in Diet

Nonbank moneylender bosses testify in Diet

TOKYO, Japan - Kenshin Oshima (L), president of Shohkoh Fund and Co., and Kazuo Matsuda (R), president of Nichiei Co., wait in a Diet room Nov. 11. They have been called to testify before the House of Councillors committee on fiscal and financial system affairs. Both finance companies that specializes in loans to small companies at high interest rates are at the center of a scandal over its loan collection methods.

Regulators question head of lender suspected of gouging

Regulators question head of lender suspected of gouging

KYOTO, Japan - The photo shows the head office of Nichiei Co., Japan's biggest finance company specializing in collateral-free, guaranteed loans to small companies. The Financial Supervisory Agency and the Finance Ministry's Kinki Regional Finance Bureau on Nov. 2 question Nichiei President Kazuo Matsuda over allegations the company has strong-arm tactics to recover bad loans. Matsuda denied the allegations, sources close to the case said.

Nichiei president to resign, son to take over

Nichiei president to resign, son to take over

OSAKA, Japan - Kazuo Matsuda (R), 77, who has decided to resign as president of Nichiei Co., a nonbank moneylender at the center of a scandal over loan collection practices, and his son, Ryuichi (L), 47, who replaces his father, speak at a news conference in Osaka on Feb. 10.

Sworn witness' testimony televised first time in 20 years

Sworn witness' testimony televised first time in 20 years

TOKYO, Japan - TV crew members tape a live broadcast of a meeting of the House of Councillors' Committee on Financial Affairs on Dec. 14. Kazuo Matsuda, president of Nichiei Co., testified before the committee as a sworn witness about intimidation tactics allegedly used by the company's employees to obtain loan repayments. It was the first live broadcast of a sworn witness' testimony before a Diet committee in 20 years.

Diet begins questioning chief of moneylender Nichiei

Diet begins questioning chief of moneylender Nichiei

TOKYO, Japan - Nichiei Co. President Kazuo Matsuda, summoned to appear before the House of Councillors' Committee on Financial Affairs as a sworn witness, enters the committee meeting room on Dec. 14. The committee questioned the head of the nonbank moneylender over whether the company instructed its employees to use aggressive, sometimes unlawful, loan collection methods.

Nonbank moneylender bosses testify in Diet

Nonbank moneylender bosses testify in Diet

TOKYO, Japan - Kenshin Oshima (L), president of Shohkoh Fund and Co., and Kazuo Matsuda (R), president of Nichiei Co., wait in a Diet room Nov. 11. They have been called to testify before the House of Councillors committee on fiscal and financial system affairs. Both finance companies that specializes in loans to small companies at high interest rates are at the center of a scandal over its loan collection methods.

Regulators question head of lender suspected of gouging

Regulators question head of lender suspected of gouging

KYOTO, Japan - The photo shows the head office of Nichiei Co., Japan's biggest finance company specializing in collateral-free, guaranteed loans to small companies. The Financial Supervisory Agency and the Finance Ministry's Kinki Regional Finance Bureau on Nov. 2 question Nichiei President Kazuo Matsuda over allegations the company has strong-arm tactics to recover bad loans. Matsuda denied the allegations, sources close to the case said.