News On Japan

Suntory Holdings Chairman Resigns Over Illegal Supplement Allegations, Declares Innocence

TOKYO, Sep 04 (News On Japan) - At a regular press conference of the Japan Association of Corporate Executives, Takeshi Niinami, who stepped down as chairman of Suntory Holdings, appeared with a calm demeanor and used the opportunity to deny wrongdoing over his alleged involvement in the import of illegal supplements.

"I do not believe I have broken the law, and I maintain my innocence," Niinami said. "However, I acknowledge that my decision to purchase the CBD supplement was careless and caused this situation. I sincerely apologize for that."

Niinami's home was searched last month by authorities on suspicion of illegally importing supplements containing THC, a component derived from cannabis. At the press conference, he claimed he had only purchased legal CBD products and explained that he believed the items in question were compliant with the law.

"I purchased CBD supplements in the United States," he explained. "They were commercially available products, and I had intended to bring them back myself during a business trip in April. However, they were ultimately transported via a different route due to subsequent travel to India before returning to Japan."

According to Niinami, a friend living in New York sent him the supplements on two occasions. The first time, the friend carried them as hand luggage to Japan and arranged for them to be delivered to Niinami's residence. The second time, the friend mailed the supplements to Niinami’s brother in Fukuoka, asking him to forward them to Niinami’s home. It was this second shipment that raised suspicions of containing THC and led to the brother’s arrest by police.

"The issue has arisen specifically with the second shipment," Niinami stated. "This was completely unexpected, and I never instructed anyone to import it domestically."

He emphasized that he never physically received either shipment, including the one he had originally asked his friend to send.

"I travel abroad frequently and have an arrangement with my family to dispose of packages from unknown senders," Niinami said. "I believe the items were likely discarded by my family under this rule."

When asked why he had not informed his family that the package might be arriving, he replied, "I didn’t specifically tell them what was coming the first time either, so there was no communication about the contents."

Although he had previously purchased CBD products in Japan, Niinami said he chose to acquire them from the U.S. this time due to his frequent business trips and their lower cost.

"I often suffer from jet lag, and this friend who has looked after my health strongly recommended these," he explained. "They were also significantly cheaper than those available in Japan, which was another reason for the decision."

Despite his role as a leading figure in Japan’s corporate world, including representing companies like Lawson and Suntory, Niinami justified his actions by citing cost-effectiveness.

When pressed on whether he was aware of legal ambiguities surrounding such products, he responded, "There was absolutely no sense of ambiguity. I was 100% confident that the CBD was legal."

He said he would refrain from public appearances and leave the matter to the discretion of the association's leadership.

"I don’t believe CEOs and chairmen should be forced to resign just because someone in their family is questioned by the police. That would set a dangerous precedent," he said.

Niinami concluded by emphasizing that the situation surrounding Suntory differed from other recent supplement-related scandals because no questionable products had been distributed by the company.

Source: TBS

News On Japan
POPULAR NEWS

Bear sightings across Japan have already climbed to nearly twice the level recorded during the same period last year, prompting entry bans in mountain areas behind Kyoto’s Ninna-ji Temple and the cancellation of hiking events in Kansai, while new research suggests that the key to reducing encounters may lie in understanding what bears eat in each region.

Copper roofing panels were stolen from several shrines in Hamamatsu, Shizuoka Prefecture, including a city-designated cultural property, in the latest case amid a nationwide surge in copper thefts targeting shrines and temples across Japan, where soaring metal prices have fueled crimes that leave historic religious buildings damaged, exposed to the elements, and facing repair costs of millions of yen.

Flames broke out on the morning of May 20th on Miyajima Island in Hiroshima Prefecture, home to one of Japan's World Heritage sites, destroying Reikado Hall near the summit of Mount Misen.

Uncertainty surrounding the situation in the Middle East is beginning to affect daily life in Japan, as concerns over crude oil supplies spread to restaurants, cleaning services and even household garbage disposal systems across the Kansai region.

A 25-year-old woman arrested as a suspected ringleader in a robbery-murder case in Tochigi Prefecture once posted cheerful dance videos on social media and was remembered by those who knew her as an energetic and outgoing young woman.

MEDIA CHANNELS
         

MORE Business NEWS

The impact of tensions in the Middle East is spreading to familiar snacks in Japan, with Morinaga & Co. temporarily suspending sales of some caramel products, including its long-selling Hi-Soft brand, after difficulties emerged in securing certain raw materials.

The Nikkei Stock Average rebounded sharply on May 21st after falling below 60,000 at the previous day's close, briefly rising more than 2,200 points as hopes grew for progress in talks toward ending the fighting between the United States and Iran, while SoftBank Group gave the market a major boost following reports that OpenAI was preparing to file for an initial public offering.

Japan’s imports of crude oil from the Middle East plunged 67.2% in April from a year earlier, as the impact of the effective closure of the Strait of Hormuz began to ripple through the country’s trade and energy supply chains.

Sumitomo Mitsui Banking Corporation and Toshiba announced on May 20th that they had jointly developed a new stock index utilizing quantum technology.

TOTO, a major Japanese manufacturer of housing and bathroom equipment, reopened its showroom in London, England, on May 20th after undergoing its first major renovation in 16 years.

Uncertainty surrounding the situation in the Middle East is beginning to affect daily life in Japan, as concerns over crude oil supplies spread to restaurants, cleaning services and even household garbage disposal systems across the Kansai region.

U.S. President Donald Trump was found to have traded large amounts of stock, including shares in Kura Sushi USA, in a wave of more than 3,700 transactions over a three-month period that has sparked criticism over possible conflicts of interest.

As conflict in the Middle East drags on, shortages of naphtha — a key raw material used in a wide range of petroleum-based products — are beginning to affect even Japan's traditional cheap snacks, with manufacturers facing steep rises in packaging and material costs while trying to keep products affordable for children.