Slices of Japanese business, politics and life
The annual shareholders meeting season is in full swing in Japan, and some executives have been dodging fastballs from disgruntled investors.
Quite a few managers are stepping up to the podium with a heavy feeling this year, as irate shareholders offer feelings about dividend cuts and plunging share prices.
The outgoing president of Toyota Motor was one top guy apologising; Japan’s No. 1 automaker expects a second straight year of record, multi-billion dollar losses this financial year.
Executives at Hankyu Hanshin Holdings were also forced to apologise at a meeting last week, but not for the Osaka-based railway’s own performance.
Ecstatic fans of the Hanshin Tigers baseball team in 1985 tossed a statue of the Kentucky Fried Chicken founder into the Dotonbori River in Osaka, western Japan, when the perpetual underdogs won their first Central League pennant in 21 years.