ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Obayashi chief stepping down after maglev bid-rigging scandal

Japanese contractor is one of four companies embroiled in the case

Bid-rigging at Japan's major contractors suggests corporate governance reform has not made much headway.

TOKYO -- Japanese general contractor Obayashi on Tuesday said President Toru Shiraishi will step down in the wake of a bid-rigging case.

Shiraishi, 70, is to be replaced by Senior Managing Executive Officer Kenji Hasuwa, 64, effective March 1. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more