Society

Toshiba shareholders vote down company's breakup plan

Mar 24 (Nikkei) - Toshiba shareholders on Thursday rejected a proposal to split the Japanese company into two public entities, in a setback for the management and a major win for foreign activist shareholders.

The vote was held at an extraordinary shareholders meeting, which Toshiba convened in an effort to demonstrate its ability to come up with a convincing business strategy to lift the company's sagging bottom line.

The Japanese industrial conglomerate unveiled the breakup plan in February as part of an effort to focus on the company's strengths and boost profitability. Under the plan, Toshiba was to split into two public companies, one specializing in infrastructure and the other in electronic devices.

But the initiative met with opposition from foreign shareholders, including activists, who pointed to various execution risks and questioned Toshiba's ability to turn itself around on its own.

Source: Kyodo

Student's Homemade Bomb Sparks School Lockdown in Sapporo

A suspicious object feared to be explosive was discovered at a high school in Sapporo on the afternoon of November 22nd, causing temporary chaos. The object was found to have been brought to the school by one of its students.

China to resume visa-exemptions for short-term Japanese travelers

China says it will resume allowing visa-free visits by Japanese nationals on short-term trips from the end of this month. (NHK)

Japan Grapples with Poverty and Rising 'Invisible Homeless'

Japan is facing a deepening crisis of poverty and inequality, with rising reports of 'invisible homeless' individuals and growing economic hardships among the population. Discussions over reforms to the country's tax and welfare systems have taken center stage, as policymakers grapple with how to provide meaningful support.

Ueno Toshogu Shrine Shines in Gold with Special Lighting

A special lighting ceremony was held on November 20th at Ueno Toshogu Shrine, located in Ueno Park, Taito Ward, Tokyo. The event featured a unique lighting design created by renowned lighting designer Motoko Ishii.

World's First Fiber Made From Bagworm Silk Revolutionizes Industry

A Japanese pharmaceutical company has announced the successful commercialization of fiber made from silk produced by bagworms.

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