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CORPORATE GOVERNANCE

Itochu to buy back shares and take full control of apparel and chemicals units

by Mark McDuffie
Itochu to buy back shares and take full control of apparel and chemicals units

Trading house Itochu has said it will spend ¥220 billion ($1.5 billion) to take full control of two units, including apparel company Descente, and buy back ¥150 billion worth of …

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Toyota chairman warns he may lose board spot amid falling investor support

by Merchant Moller
Toyota chairman warns he may lose board spot amid falling investor support

Toyota Motor Chairman Akio Toyoda said he may not be reelected as a director if shareholder support for him continues to fall at the pace it did this year, according …

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Honda and Mazda headquarters inspected over vehicle test fraud

by Mark McDuffie
Honda and Mazda headquarters inspected over vehicle test fraud

The transport ministry conducted an on-site inspection of the headquarters of Honda and Mazda on Monday as part of investigations into vehicle test fraud involving five vehicle makers. The ministry …

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Otsuka Foods whistleblower sues company for work-related depression

by Merchant Moller
Otsuka Foods whistleblower sues company for work-related depression

A male employee of Otsuka Foods has filed a ¥2.2 million lawsuit against the company for developing depression due to unfair treatment after making a whistleblower report over the company’s …

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PSU stocks: Government gains PSU muscle as stocks climb peaks

by Mark McDuffie
PSU stocks: Government gains PSU muscle as stocks climb peaks

Mumbai: State ownership in listed firms, in terms of the value of shares held, surged to a seven-year high of 10.38% of total market capitalisation as of March 31, driven …

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Japan transport ministry punishes Toyota affiliate over data-rigging

by Merchant Moller
Japan transport ministry punishes Toyota affiliate over data-rigging

The transport ministry on Thursday issued an operation correction order to Toyota Industries, saying the affiliate of Toyota Motor must strengthen its compliance over an engine data-rigging scandal. The ministry …

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Elon Musk war on Delaware may change how companies make big decisions

by Merchant Moller
Elon Musk war on Delaware may change how companies make big decisions

Elon Musk, owner of Tesla and the X (formerly Twitter) platform, attends a symposium on fighting antisemitism titled ‘Never Again : Lip Service or Deep Conversation’ in Krakow, Poland on …

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Hewlett Packard Enterprise tops JUST 100 list with top worker benefits

by Merchant Moller
Hewlett Packard Enterprise tops JUST 100 list with top worker benefits

Antonio Neri, CEO, Hewlett Packard Enterprise, at the NYSE, Oct. 19, 2023 Source: NYSE Technology stocks have taken back the No. 1 spot in the JUST 100, an annual ranking …

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Japan’s Eneos dismisses president for hugging woman while drunk

by Mark McDuffie
Japan’s Eneos dismisses president for hugging woman while drunk

Japanese major oil company Eneos said Tuesday it has dismissed its President Takeshi Saito after finding out he inappropriately hugged a woman while drunk. The company was notified of Saito’s …

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ICC World Cup & Investing: No single strategy will suit all teams and portfolios

by Mark McDuffie
ICC World Cup & Investing: No single strategy will suit all teams and portfolios

With crores of Indians hooked to their screens to watch ICC Cricket World Cup matches, we reached out to smallcase managers to find parallels between the two worlds of sports …

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