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CORRECTED: Kyoto tour boat with 30 aboard capsized

Tomoya Toyota (C), head of the Hozugawa Yusen Kigyo Kumiai river cruise operator, bows during a press conference with two other executives on March 29, 2023, in Kyoto Prefecture's Kameoka. One of the company's traditional tourist boats capsized the day before in the Hozu River in the western Japan city, after becoming stranded while on a cruise with about 30 people on board.

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CORRECTED: Kyoto tour boat with 30 aboard capsized

Tomoya Toyota (C), head of the Hozugawa Yusen Kigyo Kumiai river cruise operator, holds a press conference with two other executives on March 29, 2023, in Kyoto Prefecture's Kameoka. One of the company's traditional tourist boats capsized the day before in the Hozu River in the western Japan city, after becoming stranded while on a cruise with about 30 people on board.

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Novartis management replaced

TOKYO, Japan - David Epstein, president of Swiss pharmaceutical giant Novartis holds a press conference in Tokyo on April 3, 2014. The Japanese sales arm of the company, Novartis Pharma K.K., announced that its president, Yoshiyasu Ninomiya, and two other top executives have resigned to take responsibility for its employees' inappropriate involvement in a clinical study led by medical doctors.

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Novartis management replaced

TOKYO, Japan - Dirk Kosche, new president of Novartis Pharma K.K., speaks during a press conference in Tokyo on April 3, 2014. The Japanese sales arm of Swiss pharmaceutical giant Novartis announced that its president, Yoshiyasu Ninomiya, and two other top executives have resigned to take responsibility for its employees' inappropriate involvement in a clinical study led by medical doctors.

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Novartis management replaced

TOKYO, Japan - David Epstein (L), president of Swiss pharmaceutical giant Novartis speaks during a press conference in Tokyo on April 3, 2014. The Japanese sales arm of the company, Novartis Pharma K.K., announced that its president, Yoshiyasu Ninomiya, and two other top executives have resigned to take responsibility for its employees' inappropriate involvement in a clinical study led by medical doctors. At right is new Novartis Pharma K.K. President Dirk Kosche.

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Japan's business leaders

TOKYO, Japan - Yasuchika Hasegawa, chairman of the Japan Association of Corporate Executives, or Keizai Doyukai, attends a joint press conference at a Tokyo hotel with leaders of two other major business organizations on Jan. 7, 2014.

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Mizuho deputy president knew of loans to crime group

TOKYO, Japan - Toshitsugu Okabe (C), a deputy president of Mizuho Financial Group Inc., and other executives of the financial group bow after a press conference in Tokyo on Oct. 4, 2013. Okabe acknowledged that a deputy president of Mizuho Bank learned of its lending to organized crime groups in December 2010 but failed to take necessary corrective steps for more than two years.

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Failed cattle farm case

TOKYO, Japan - File photo taken in August 2011 shows the headquarters of cattle farm Agura Bokujo in the town of Nasu, Tochigi Prefecture. Tokyo police arrested the former president and two other former executives of the failed company June 18, 2013, for allegedly soliciting investors based on misleading information before it went under in 2011.

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Ex-Olympus CEO Woodford at press conference

LONDON, Britain - Michael Woodford, former president and chief executive officer of Olympus Corp., gives a press conference in London on Feb. 16, 2012, following the arrest of former Olympus Chairman and President Tsuyoshi Kikukawa, two other former executives and a former securities company employee on suspicion of falsifying the company's financial reports in its massive investment loss coverup.

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Olympus head office in Tokyo

TOKYO, Japan - Photo taken in November 2011 shows the building housing the headquarters of Olympus Corp., a Japanese camera and medical equipment maker, in Tokyo's Shinjuku Ward. Prosecutors on Feb. 16, 2012, arrested former Olympus Chairman and President Tsuyoshi Kikukawa, two other former executives and a former securities company employee on suspicion of falsifying the company's financial reports in an investment loss coverup.

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Nippon Keidanren and Rengo heads agree on efforts for employment

TOKYO, Japan - Fujio Mitarai, chairman of the Japan Business Federation, addresses a meeting with Nobuaki Koga, chairman of the Japanese Trade Union Confederation, also known as Rengo, and other Rengo executives at Keidanren Kaikan hall in Tokyo on Nov. 27, 2009. The heads of the two organizations agreed to make efforts to maintain employment.

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Nippon Keidanren and Rengo heads agree on efforts for employment

TOKYO, Japan - Fujio Mitarai (R), chairman of the Japan Business Federation, addresses a meeting with Nobuaki Koga, chairman of the Japanese Trade Union Confederation, also known as Rengo, and other Rengo executives at Keidanren Kaikan hall in Tokyo on Nov. 27, 2009. The heads of the two organizations agreed to make efforts to maintain employment.

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3 NHK employees investigated for suspected insider trading

TOKYO, Japan - NHK President Genichi Hashimoto and two other senior NHK executives bow in apology at a news conference at the NHK Broadcast Center in Tokyo on Jan. 17 after the public broadcaster acknowledged that two NHK reporters and a news director are under investigation by the Securities and Exchange Surveillance Commission on suspicion of insider trading of stocks.

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SMBC Deputy President Nakano to become Kansai business group head

OSAKA, Japan - Sumitomo Mitsui Banking Corp. Deputy President Kenjiro Nakano (in file photo) is expected to become one of the two co-chairmen of the Kansai Association of Corporate Executives in 2008, sources said on Dec. 8. Nakano, 60, will replace Atsushi Kojima, 72, chairman of Ganko Food Service Co., while the group's other co-chairman, Norihiko Saito, 61, executive vice president of Kansai Electric Power Co., will remain in office, the sources said

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Police raid JTB over suspected copyright infringement

TOKYO, Japan - Executives of travel agency JTB Corp. bow in a gesture of apology at a press conference in Tokyo on Dec. 13 after police searched the Tokyo headquarters of the company and 16 other places on suspicion that the company used two photos in travel pamphlets without permission from the photographer who took them.

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Police arrest Mitutoyo execs over nuke-linked exports

TOKYO, Japan - Tokyo Metropolitan Police Department arrest Kazusaku Tezuka (photo), president of precision instruments maker Mitutoyo Corp., and four other company executives on Aug. 25 on suspicion of exporting without a license two measuring devices convertible for use in building nuclear weapons.

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Scandal-hit Meiji Yasuda decides to replace 11 executives

TOKYO, Japan - Meiji Yasuda Life Insurance Co. said Nov. 4 it has decided to replace all nine of its most senior-level executives along with two other executives in order to take responsibility for its failure to pay insurance claims. At a news conference in Tokyo the same day were Managing Director Kenji Matsuo (R), who will succeed President Ryotaro Kaneko, and Managing Director Kenichi Sekiguchi (L), who will replace Chairman Mikihiko Miyamoto, both on Dec. 1.

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Ex-Kanebo president, 2 former execs arrested for fraud

TOKYO, Japan - Photo shows a building in Tokyo which houses Kanebo Ltd. Prosecutors arrested a former president of Kanebo Ltd. and two other former executives on July 29 on suspicion of submitting falsified financial statements to financial authorities in violation of the Securities Exchange Law.

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(1)FSA to order Meiji Yasuda Life to suspend business

TOKYO, Japan - Ryotaro Kaneko (2nd from L), president of Meiji Yasuda Life Insurance Co., and other company executives bow in apology during a news conference Feb. 7 in Tokyo after reports that the Financial Services Agency will order the insurer to suspend part of its business for about two weeks over alleged illegal sales practices.

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Ex-NHK Pres. Ebisawa declines to take adviser post

TOKYO, Japan - New NHK President Genichi Hashimoto said in Tokyo on Jan. 28 that former NHK President Katsuji Ebisawa and two other former executives have declined to take adviser posts with the public broadcaster after they resigned Jan. 25 following a growing number of viewers refusing to pay subscription fees due to scandals.

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Shinsei Bank proves popular on TSE debut

TOKYO, Japan - Masamoto Yashiro (C), president of Shinsei Bank, and two other bank executives smile at a press conference at the Tokyo Stock Exchange (TSE) on Feb. 19 after the bank's stock attracted great attention on its first day of trading on the TES's main section.

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Snow Brand pres. apologizes, offers to resign

TOKYO, Japan - Tetsuro Ishikawa (2nd from R) and two other executives of Snow Brand Milk Products Co. bow as they apologize for the widespread food poisoning caused by the company's milk products at a news conference held in Tokyo on July 6. Ishikawa offered to resign to take responsibility.

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Ex-president of Kofuku Bank arrested

OSAKA, Japan - Tokusuke Egawa, former president of failed Kofuku Bank which is under temporary state control, leaves his home Sept. 16 to report to police. He was arrested later with two other former executives of the bank on suspicion of extending unauthorized loans to a real estate affiliate.

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3 ex-UFJ execs nabbed on suspicion of blocking gov't inspections

TOKYO, Japan - (File photos from L to R) Former UFJ Bank Vice President Kazuyoshi Okazaki and two other former executives of the bank -- Sen Hayakawa and Masayuki Inaba -- were arrested Dec. 1 on suspicion of obstructing government inspections, prosecutors said. (Kyodo)

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Ex-NHK Pres. Ebisawa declines to take adviser post

TOKYO, Japan - New NHK President Genichi Hashimoto said in Tokyo on Jan. 28 that former NHK President Katsuji Ebisawa and two other former executives have declined to take adviser posts with the public broadcaster after they resigned Jan. 25 following a growing number of viewers refusing to pay subscription fees due to scandals. (Kyodo)

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(1)FSA to order Meiji Yasuda Life to suspend business

TOKYO, Japan - Ryotaro Kaneko (2nd from L), president of Meiji Yasuda Life Insurance Co., and other company executives bow in apology during a news conference Feb. 7 in Tokyo after reports that the Financial Services Agency will order the insurer to suspend part of its business for about two weeks over alleged illegal sales practices. (Kyodo)

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Scandal-hit Meiji Yasuda decides to replace 11 executives

TOKYO, Japan - Meiji Yasuda Life Insurance Co. said Nov. 4 it has decided to replace all nine of its most senior-level executives along with two other executives in order to take responsibility for its failure to pay insurance claims. At a news conference in Tokyo the same day was Managing Director Kenji Matsuo (R), who will succeed President Ryotaro Kaneko, and Managing Director Kenichi Sekiguchi (L), who will replace Chairman Mikihiko Miyamoto, both on Dec. 1. (Kyodo)

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Police raid JTB over suspected copyright infringement

TOKYO, Japan - Executives of travel agency JTB Corp. bow in a gesture of apology at a press conference in Tokyo on Dec. 13 after police searched the Tokyo headquarters of the company and 16 other places on suspicion that the company used two photos in travel pamphlets without permission from the photographer who took them. (Kyodo)

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SMBC Deputy President Nakano to become Kansai business group hea

OSAKA, Japan - Sumitomo Mitsui Banking Corp. Deputy President Kenjiro Nakano (in file photo) is expected to become one of the two co-chairmen of the Kansai Association of Corporate Executives in 2008, sources said on Dec. 8. Nakano, 60, will replace Atsushi Kojima, 72, chairman of Ganko Food Service Co., while the group's other co-chairman, Norihiko Saito, 61, executive vice president of Kansai Electric Power Co., will remain in office, the sources said (Kyodo)

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Ex-LTCB execs get suspended terms over concealing bad loans

TOKYO, Japan - Katsunobu Onogi (R), former president of the failed Long-Term Credit Bank of Japan (LTCB) enters the Tokyo District Court building on Sept. 10 to hear a court ruling on him being charged with falsifying financial statements to conceal massive bad loans. Onogi was sentenced to three years in prison, suspended for four years. The other two former top executives were also sentenced to suspended prison terms. (Kyodo)

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Toa fabricated reinforcement work data at another 2 airports

Masaomi Matsuo (C), president of Toa Corp., and other executives of the Tokyo construction company hold a press conference at the transport ministry in Tokyo on May 13, 2016. Matsuo said the company has discovered that falsified data for seismic reinforcement work were submitted for two airports in addition to Haneda airport in Tokyo. (Kyodo) ==Kyodo

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Police arrest Mitutoyo execs over nuke-linked exports

TOKYO, Japan - Tokyo Metropolitan Police Department arrest Kazusaku Tezuka (photo), president of precision instruments maker Mitutoyo Corp., and four other company executives on Aug. 25 on suspicion of exporting without a license two measuring devices convertible for use in building nuclear weapons. (Kyodo)

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Ex-Kanebo president, 2 former execs arrested for fraud

TOKYO, Japan - Photo shows a building in Tokyo which houses Kanebo Ltd. Prosecutors arrested a former president of Kanebo Ltd. and two other former executives on July 29 on suspicion of submitting falsified financial statements to financial authorities in violation of the Securities Exchange Law. (Kyodo)

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3 NHK employees investigated for suspected insider trading

TOKYO, Japan - NHK President Genichi Hashimoto and two other senior NHK executives bow in apology at a news conference at the NHK Broadcast Center in Tokyo on Jan. 17 after the public broadcaster acknowledged that two NHK reporters and a news director are under investigation by the Securities and Exchange Surveillance Commission on suspicion of insider trading of stocks. (Kyodo)

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Ex-Olympus CEO Woodford at press conference

LONDON, Britain - Michael Woodford, former president and chief executive officer of Olympus Corp., gives a press conference in London on Feb. 16, 2012, following the arrest of former Olympus Chairman and President Tsuyoshi Kikukawa, two other former executives and a former securities company employee on suspicion of falsifying the company's financial reports in its massive investment loss coverup. (Kyodo)

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Olympus head office in Tokyo

TOKYO, Japan - Photo taken in November 2011 shows the building housing the headquarters of Olympus Corp., a Japanese camera and medical equipment maker, in Tokyo's Shinjuku Ward. Prosecutors on Feb. 16, 2012, arrested former Olympus Chairman and President Tsuyoshi Kikukawa, two other former executives and a former securities company employee on suspicion of falsifying the company's financial reports in an investment loss coverup. (Kyodo)

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Top court orders retrial of bank's window-dressing case

TOKYO, Japan - Shigeoki Togo, former president of the defunct Nippon Credit Bank, speaks to reporters in front of the Supreme Court in Tokyo on Dec. 7, 2009, after the top court scrapped the ruling by the Tokyo High Court that found Togo and two other former NCB executives guilty over alleged window dressing and sent the case back to the lower court for retrial. (Kyodo)

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Top court orders retrial of bank's window-dressing case

TOKYO, Japan - Shigeoki Togo, former president of the defunct Nippon Credit Bank, speaks to reporters in front of the Supreme Court in Tokyo on Dec. 7, 2009, after the top court scrapped the ruling by the Tokyo High Court that found Togo and two other former NCB executives guilty over alleged window dressing and sent the case back to the lower court for retrial. (Kyodo)

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Nippon Keidanren and Rengo heads agree on efforts for employment

TOKYO, Japan - Fujio Mitarai (R), chairman of the Japan Business Federation, addresses a meeting with Nobuaki Koga, chairman of the Japanese Trade Union Confederation, also known as Rengo, and other Rengo executives at Keidanren Kaikan hall in Tokyo on Nov. 27, 2009. The heads of the two organizations agreed to make efforts to maintain employment. (Kyodo)

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Nippon Keidanren and Rengo heads agree on efforts for employment

TOKYO, Japan - Fujio Mitarai, chairman of the Japan Business Federation, addresses a meeting with Nobuaki Koga, chairman of the Japanese Trade Union Confederation, also known as Rengo, and other Rengo executives at Keidanren Kaikan hall in Tokyo on Nov. 27, 2009. The heads of the two organizations agreed to make efforts to maintain employment. (Kyodo)

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Shinsei Bank proves popular on TSE debut

TOKYO, Japan - Masamoto Yashiro (C), president of Shinsei Bank, and two other bank executives smile at a press conference at the Tokyo Stock Exchange (TSE) on Feb. 19 after the bank's stock attracted great attention on its first day of trading on the TES's main section. (Kyodo)

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Nippon Shokuhin ex-chief admits false labeling

FUKUOKA, Japan - Shigehito Atoyama, former president of Nippon Shokuhin Co., enters the Fukuoka District Court in Fukuoka on Jan. 16 for the first hearing of his trial over the false labeling of beef. Atoyama and two other former executives of the meat processor pleaded guilty to swindling a government-commissioned industry body by falsely labeling about 122 tons of imported beef as domestic. (Kyodo)

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5 former Tokyo Sowa execs plead not guilty

TOKYO, Japan - File photo shows (from L to R) Shoichi Osada, a former chairman of Tokyo Sowa Bank, former President Mizuho Kojima, and former Vice President Masatoshi Fukui, who with two other ex-executives pleaded not guilty to charges of conspiring to show falsely that the bank had adequate capital reserves, in the first hearing of their trial at the Tokyo District Court on Aug. 31.

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Snow Brand pres. apologizes, offers to resign

TOKYO, Japan - Tetsuro Ishikawa (2nd from R) and two other executives of Snow Brand Milk Products Co. bow as they apologize for the widespread food poisoning caused by the company's milk products at a news conference held in Tokyo on July 6. Ishikawa offered to resign to take responsibility.

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4 execs of failed Kokumin Bank held over loan scandal

TOKYO, Japan - Hideyuki Suzuki (C), former vice president of the failed Kokumin Bank, is arrested in Tokyo on Nov. 30 on suspicion of dubious lending to a Tokyo karaoke-parlor management company. Suzuki, 66, was nabbed along with Yukio Okonogi, 66, president of the second-tier regional bank when the loans were made and two other former bank executives.

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Ex-president of Kofuku Bank arrested

OSAKA, Japan - Tokusuke Egawa, former president of failed Kofuku Bank which is under temporary state control, leaves his home Sept. 16 to report to police. He was arrested later with two other former executives of the bank on suspicion of extending unauthorized loans to a real estate affiliate.

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Former LTCB chief Onogi released on bail

TOKYO, Japan - Katsunobu Onogi, 63, former president of failed Long-Term Credit Bank of Japan (LTCB), is released from the Tokyo detention house July 6 after the Tokyo District Court set bail of 20 million yen. Onogi, along with two other former bank executives, was indicted June 30 on charges of falsifying the bank's loan records and illegally paying dividends.

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Former LTCB chief Onogi released on bail

TOKYO, Japan - Katsunobu Onogi, 63, former president of failed Long-Term Credit Bank of Japan (LTCB), is released from the Tokyo detention house July 6 after the Tokyo District Court set bail of 20 million yen. Onogi, along with two other former bank executives, was indicted June 30 on charges of falsifying the bank's loan records and illegally paying dividends.