The Tokyo Regional Taxation Bureau has found that Hitachi Ltd. <6501> failed to declare some 10.1 billion yen in taxable income on a consolidated basis for the three years to March 2012, it was learned Thursday.
The major electronics company and the tax authorities had differences of opinion about materials bought for the restoration of plants damaged by the March 2011 earthquake and tsunami in northeastern Japan, sources said.
A Hitachi official said the company has received a notice of correction from the taxation bureau and understood what was pointed out. Since the company, which incurred a group net loss of 787.3 billion yen in the year to March 2009, has cumulative losses, it was not ordered to pay neither back taxes or penalties, the official said.
Social media users around the world have deluged a special Facebook page calling for the safety of Japanese hostage Kenji Goto, who is being held captive by the Islamic State extremist group, with selfies proclaiming "I AM KENJI." (Asahi)
Tokyo Metropolitan Police on Monday the arrest of a former organized crime member for the sale of stimulant drugs to musician Aska two years ago, reports Nippon News Network (Jan. 26). (Tokyo Reporter)
Fukuoka Prefectural Police on Monday took the acting chairman of the Kudo-kai organized crime group into custody for allegedly blackmailing the owner of a building, reports the Yommiuri Shimbun (Jan. 26). (Tokyo Reporter)
Crown Prince Naruhito met Saudi Arabia's new King Salman in the Saudi capital of Riyadh on Sunday and expressed his condolences over the death of King Abdullah, who passed away on Friday. (The Japan News)
A fire drill was conducted at Horyuji temple, a UNESCO World Heritage site in Ikaruga, Nara Prefecture, on Monday, which was Cultural Property Fire Prevention Day. About 100 personnel participated, including temple priests and local firemen. (The Japan News)
The Islamic State beheaded one of the two Japanese citizens it has been holding, but signaled a potential willingness to negotiate over the fate of the other one - offering a tiny sliver of hope to a Japan reeling from shock and grief. (foreignpolicy.com)