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February 23, 2010

A-One Co Ltd, the family-owned office and consumer label business, announced yesterday it has agreed to sell a majority stake to research and technology company 3M.

A-One Co Ltd, the family-owned office and consumer label business, announced yesterday it has agreed to sell a majority stake to research and technology company 3M.

The deal will see 3M, which already owns the globally-recognised brands Post-It Notes and Scotch Tape, purchase a share in the Japan-based A-One from the founding family. Hiroaki Arai, the current family president of A-One, will remain at the helm after the acquisition. The financial terms of the deal were not disclosed.

February 18, 2010

Akio Toyoda, the fourth-generation family head of motor giant Toyota, addressed customers and the press again yesterday in a further attempt to save the company’s reputation.

Akio Toyoda, the fourth-generation family head of motor giant Toyota, addressed customers and the press again yesterday in a further attempt to save the company's reputation.
 
He outlined the company's strategy to deal with the safety concerns and recalls that have so damaged the reputation of the family-controlled business. "Since autumn, we at Toyota have worked hard to address each of a number of quality issues," he said.
 

February 15, 2010

Toyota Motor Corp, the family-controlled automaker, announced further recalls on Friday in addition to the 8 million already in progress.

Toyota Motor Corp, the family-controlled automaker, announced further recalls on Friday in addition to the 8 million already in progress.
 
The latest move will see 8,000 pickup trucks recalled over possible cracks in the drive shaft component. The part is not made by Toyota but supplied by Dana Holdings Corp, who also supply the same part to Ford Motor Co and Nissan Motor Co. Neither Ford or Nissan are recalling vehicles.
 

February 9, 2010

Akio Toyoda, the fourth-generation head of the family controlled automaker Toyota, apologised to customers yesterday for further recalls across its flagship hybrid range.

Akio Toyoda, the fourth-generation head of the family controlled automaker Toyota, apologised to customers yesterday for further recalls across its flagship hybrid range.
 
At a press conference in Tokyo the company announced a recall of 437,000 hybrid cars worldwide to fix a brake defect. This is in addition to the 8 million cars that have already been recalled since November.  
 

February 4, 2010

Toyota Motor Corporation, the family-controlled carmaker, today said it hopes to return to profit this year despite the heavy losses it is currently suffering due to the recalls of many of its models.

Toyota Motor Corporation, the family-controlled carmaker, today said it hopes to return to profit this year despite the heavy losses it is currently suffering due to the recalls of many of its models.
 
The Tokyo-based business said it hoped to make a net profit of $880 million for the 2010 financial year, an increase on the forecast from November 2009 which predicted another loss for the family-controlled company.
 

June 25, 2008

Iconic Japanese business Toyota Motor Corp has announced that Akio Toyoda, the great-grandson of the company’s founder, has been promoted to chairman of the board of directors for Toyota Motor Europe.

Iconic Japanese business Toyota Motor Corp has announced that Akio Toyoda (pictured), the great-grandson of the company's founder, has been promoted to chairman of the board of directors for Toyota Motor Europe. Toyoda, 52, will assume his new position on 1 July in a move that is widely seen as the next step on his road to the company presidency.

March 1, 2008

Family-run businesses in Japan have spawned world-leading corporations, but ruinous inheritance taxes and fraud scandals have taken a heavy toll. Tim Hornyak meets the great and the good of family business leaders in Japan to gauge their views…

Family-run businesses in Japan have spawned world-leading corporations, but ruinous inheritance taxes and fraud scandals have taken a heavy toll. Tim Hornyak meets the great and the good of family business leaders in Japan to gauge their views…

January 1, 2007

Like many of its contemporaries in the West, Japanese publisher Kodansha is having to look beyond its traditional paper output and embrace the digital age …

Melanie Stern is the former section editor of Families in Business.

Like many of its contemporaries in the West, Japanese publisher Kodansha is having to look beyond its traditional paper output and embrace the digital age …

November 1, 2006

Prince Hisahito’s birth into the Imperial Family has answered Japan’s prayer for a male heir to the Chrysanthemum Throne. But it also killed political will to change male primogeniture law, laments Melanie Stern – for at least another generation

Melanie Stern is section editor of Families in Business.

Prince Hisahito's birth into the Imperial Family has answered Japan's prayer for a male heir to the Chrysanthemum Throne. But it also killed political will to change male primogeniture law, laments Melanie Stern – for at least another generation

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