Fujifilm is delaying the release of its financial results as it probes accounting irregularities at a New Zealand unit, raising fears Japan Inc is headed for another embarrassing accounting scandal. The company said it is setting up an independent committee of outside experts to look into the “appropriateness of accounting practices” at subsidiary Fuji Xerox … Read more
Vice President Mike Pence on Wednesday hailed Japanese companies for contributing to US economic prosperity, moving to ease fears over the protectionist agenda of President Donald Trump. Trump has criticised Japanese auto giant Toyota for planning to open a factory in Mexico, part of general broadsides against both foreign and domestic companies as he emphasises … Read more
Toshiba faced a deadline Tuesday to publish a long-overdue earnings report with the loss-hit industrial giant’s shares at risk of being pulled from the Tokyo stock exchange. One of Japan’s best-known firms, Toshiba will reportedly release unaudited nine-month results after missing an original deadline in February and another one in March. The deadline comes as … Read more
Confidence among Japan’s biggest manufacturers has risen for the second straight quarter, a key central bank survey showed Monday, as companies forecast a weaker yen. The Bank of Japan’s Tankan report — a quarterly survey of more than 10,000 companies that is the broadest indicator of how Japan Inc is faring — showed a reading … Read more