Proxy Adviser ISS Opposes Board Appointments at 4 Contractors
June 8, 2018
Tokyo- A U.S. proxy advisory firm has recommended shareholders to oppose proposed board appointments at four major Japanese general contractors ahead of their shareholders’ meetings in late June. Institutional Shareholder Services Inc. said the management of the four companies are
Kikkoman to Form Soy Sauce Sales Firms in S. America, India
June 7, 2018
Fontana, Wisconsin- Major Japanese seasoning maker Kikkoman Corp. plans to set up soy sauce-marketing companies in South America and India within five years as part of moves to boost its overseas operations, its honorary chairman, Yuzaburo Mogi, said Wednesday. Mogi
Data Problems Found for 22 More Products at Ube Industries
June 7, 2018
Tokyo- Ube Industries Ltd. said Thursday that quality data fabrications and other irregularities have been found for 22 more items, on top of earlier announced polyethylene products and limestone aggregates. To clarify management responsibility, its president, Yuzuru Yamamoto, will not
Mazda to Release Upgraded Roadster in July
June 7, 2018
Tokyo- Mazda Motor Corp. said Thursday that it will release an upgraded version of its Roadster lightweight sports car on July 26. The Japanese automaker enhanced engine performance on the new Roadster, sold as the MX-5 overseas. The vehicle will
PSE Index climbs more than one percent
June 7, 2018
Stocks surged on Thursday, with the main index climbing more than one percent. The Philippine Stock Exchange gained 114.17 points to climb to 7,803.31. In the broader market, there were 119 gainers, 77 decliners and 44 issues unchanged. Volume reached
Suruga Bank Slashes FY 2017 Profit on Rise in Loss Reserves over Fraud
June 7, 2018
Tokyo- Scandal-hit Suruga Bank said Wednesday that the regional lender has revised down its fiscal 2017 group net profit by about two-thirds, due to an increase in loan-loss reserves as more fraudulent cases may be confirmed over lending. Following an
Japan Pump Price Continues Rising
June 7, 2018
Tokyo- The average retail price of regular gasoline in Japan as of Monday rose 1.1 yen from a week before to 152.1 yen per liter, up for the seventh straight week, the Agency for Natural Resources and Energy said Wednesday.
Sharp Targets Turnaround of Toshiba PC Biz within 2 Years
June 6, 2018
Osaka- Sharp Corp. President Tai Jeng-wu on Wednesday indicated a target of turning around Toshiba Corp.’s personal computer operations in one or two years after Sharp acquires them in October. Speaking to reporters, Tai expressed confidence about realizing such a
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