Nissan Faces Backlash Over Executive Payouts

YOKOHAMA, May 28 (News On Japan) - Nissan Motor has revealed that it paid a total of 646 million yen in resignation-related compensation to four former executive officers, including former President Uchida.

Uchida stepped down at the end of March following deteriorating business performance and the collapse of merger talks with Honda.

According to Nissan’s notice of convocation for its upcoming general shareholders meeting, the combined payout to the four departing executives, including Uchida, amounted to 646 million yen.

In its full-year financial results for the previous fiscal year, Nissan posted a net loss of 670.8 billion yen.

As part of a restructuring plan aimed at revitalizing its business, the company has announced it will close 7 of its 17 global plants and cut 20,000 jobs by fiscal 2027.

The hefty payouts to top executives leaving amid a business downturn are likely to provoke a backlash from shareholders.

Source: TBS

Where to Buy Cheap Stockpile Rice?

The newly announced price of 1,800 yen per 5 kilograms for low-cost rice has sparked strong interest across the Kansai region, with public agencies and retailers moving quickly to secure supplies amid growing consumer demand for affordable staple foods.

AI-Themed Poem Takes First Place in Salaryman Senryu

Every year, the “Salaryman Senryu” competition captures the mood of the times through humorous verse, and this year’s top ten results were announced on May 29th.

Osaka University to Accept Researchers from U.S. After Harvard Ban

Osaka University has announced it will accept up to 100 medical researchers from the United States in response to a policy by the Trump administration that suspended the acceptance of international students at Harvard University.

Montenegrin Prime Minister Delivers Opening Remarks in Japanese in Landmark Summit

Prime Minister Ishiba met with Montenegrin Prime Minister Spajic in Tokyo on May 28th during the latter’s official visit to Japan, marking what both leaders described as a historic occasion.

Japan Enacts First Law to Promote AI

Japan’s first law dedicated specifically to artificial intelligence has been passed by the Upper House of the Diet, with the so-called AI Promotion Law formally enacted in May.

MEDIA CHANNELS

MORE Business NEWS

NTT Docomo Moves into Banking Sector

NTT Docomo is set to acquire major online bank Sumishin SBI Net Bank as it prepares to enter the banking sector, marking a significant shift for the mobile carrier as it looks to catch up with rivals in the growing financial services space.

Next-Generation Batteries: Toyota’s Solid-State, Toshiba’s LNMO, CATL’s Sodium-Ion

Japan’s leading industrial and electronics firms are accelerating efforts to commercialize next-generation batteries, with Toyota, Toshiba, TDK, and China’s CATL unveiling advanced technologies that promise breakthroughs in performance, safety, and supply chain resilience.