Shareholders in Japan take tougher line on bosses at Kyocera, Oki

Support fades for top execs over cross-shareholding, lack of women on boards

20230629N Kyocera

Electronics group Kyocera saw declining support for its president's board seat this year. (Photo by Atsushi Ooka)

Nikkei staff writers

TOKYO -- Leaders at big Japanese companies like Kyocera are facing rising shareholder opposition amid this year's general meeting season as investors demand action on improving capital efficiency and board diversity.

The Kyoto-based electronics group said Thursday that 64.8% of shareholders supported the reappointment of President Hideo Tanimoto as a director this month, a drop of 16 percentage points from when he was reappointed in 2021.

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