Debate between Seven & I and activist fund ValueAct Capital Management is likely to continue through May 25, when Seven & I is scheduled to hold its annual general meeting.
The billionaire investor's visit is seen as an important vote of confidence in Japan’s big five traders as they pivot away from fossil fuels.
The company may invest more than its planned ¥25 billion if necessary, and will make a decision on any new factory within a few years, its CEO has said.
The committee of outside board members will recommend changes and execute them, the eight independent directors said in a statement.
The company sees potential in health-related drinks in the U.S., Asia and regions where Suntory has currently little presence, said Makiko Ono.
The cost for Qdenga in Indonesia will be about one-third its European price, far lower than many other innovative vaccines, Takeda CEO Christophe Weber said in an interview.
The move comes as the popularity of fast-fashion juggernaut Shein piles pressure on traditional brands including Forever 21 and H&M and puts a spotlight on sustainability in the industry.
The apparel maker, known for its affordable cashmere sweaters and solid basics, wants to go big in one of the world’s toughest consumer markets.
Trading houses hold an outsized influence in Japan due to their diversified business interests, and are favorites among university graduates due to their high salaries and job security.
Japanese artist and graphic designer Kosuke Kawamura unveiled last week his first creations as creative director of the apparel maker’s T-shirt line, called UT.
