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International

Noriyuki Hirata

Toshiba needs 'prompt, appropriate' disclosure, TSE chief says

Jul 04 2021

TOKYO (Reuters) -The Tokyo Stock Exchange (TSE) wants Toshiba Corp to make "prompt and appropriate" disclosure about its widening governance scandal, including who was responsible, the head of the bourse said, adding transparency remained a problem.

In Japan Inc, activist investors come in from the cold

Apr 20 2021

TOKYO Yasuo Takeuchi remembers the horror he felt in 2017 when, as chief financial officer of Japan's Olympus Corp, he was told an activist investor had taken a stake in the company: the barbarians were at the gate.

Japan's Renesas restarts production at fire-damaged chip factory

Apr 17 2021

TOKYO, April 17 Japan's Renesas Electronics resumed production on Saturday at a chip plant that had been damaged in a fire, worsening a global shortage of semiconductors used in cars, smartphones and appliances.

Exclusive: Toshiba CEO faced board ouster before $20 billion buyout offer - sources

Apr 14 2021

TOKYO Toshiba board members planned to oust CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20 billion buyout bid last week, telling him the day before the offer was announced they would replace him, people familiar with the matter said.

Exclusive: Toshiba board planned to oust CEO before $20 billion buyout offer - sources

Apr 14 2021

TOKYO Toshiba's board planned to oust troubled CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20 billion buyout bid last week, informing him a day before the offer was announced that it would replace him, people familiar with the matter said.

EXCLUSIVE-Toshiba board planned to oust CEO before $20 bln buyout offer-sources

Apr 14 2021

TOKYO, April 14 Toshiba's board planned to oust troubled CEO Nobuaki Kurumatani before CVC Capital Partners launched a $20 billion buyout bid last week, informing him a day before the offer was announced that it would replace him, people familiar with the matter said. Two members of Toshiba Corp's nomination committee, including board chairman Osamu Nagayama, met Kurumatani, himself a former CVC executive, and told him they intended to look for a new chief executive, three of the people said.

Toshiba CEO to step down as board meets Wednesday to consider his future: source

Apr 13 2021

TOKYO Toshiba Corp Chief Executive Nobuaki Kurumatani plans to step down as other board members consider his future at the industrial conglomerate amid controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners, a source with knowledge of his decision said.

Activist Toshiba shareholders tipped to win crucial vote on independent probe this week

Mar 16 2021

TOKYO In a watershed moment for Japanese corporate governance, Toshiba Corp shareholders will vote this Thursday on whether there should be an independent probe into allegations that investors were pressured ahead of last year's annual general meeting.

Japan's Terumo says makes syringe to draw seven doses from Pfizer vaccine vials

Mar 08 2021

TOKYO Japan's Terumo Corp said on Tuesday it has developed a new syringe that can get seven doses out of each vial of COVID-19 vaccine made by Pfizer Inc, at least one more than accessible with existing syringes.

World News

All homes on one of Tonga's islands destroyed, three dead

SYDNEY/WELLINGTON (Reuters) -All the homes on one of Tonga's small outer islands have been destroyed by a massive volcanic eruption and tsunami, with three people so far confirmed dead, the government said on Tuesday in its first update since the disaster struck.