Japan Inc steps up effort to meet shareholders virtually

Law amendment spurs companies to prepare for online annual general meetings

20210629 SBG AGM

Softbank Group CEO Masayoshi Son speaks during SoftBank's online annual meeting with shareholders on June 23. (Photo courtesy of Softbank Group)

JADA NAGUMO, Nikkei staff writer

TOKYO -- Investors are in for a busy Tuesday with more than 600 Japanese companies holding their annual general meetings amid a shift to the internet as the country attempts to avoid any resurgence in coronavirus infections.

This is the second year that Japanese companies are hosting general meetings under the COVID-19 pandemic. While the government lifted its state of emergency a week ago in metropolises like Tokyo and Osaka, companies remain cautious and are hustling to implement COVID preventive measures.

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