Once-White Knight Kitao Turns on Fuji Group 20 Years Later
Tokyo, April 18 (Jiji Press)--Yoshitaka Kitao, who 20 years ago acted as a white knight for Fuji Television Network Inc. in a takeover battle with now-defunct Livedoor Co., is now poised to fight Fuji Media Holdings Inc.'s management if it opposes his plans to reform the embattled media group.
Kitao, chairman and president of SBI Holdings Inc., is one of 12 candidates for Fuji Media's board of directors proposed this week by Dalton Investments, a major Fuji Media shareholder.
At a press conference on Thursday, Kitao expressed regret for helping the Fuji group fend off a takeover bid from Livedoor, which was led by entrepreneur Takafumi Horie.
"I did a bad thing to Horie," Kitao said, noting that he changed his mind after reading a third-party panel's recent report that highlighted Fuji Media's poor corporate governance.
In 2005, Livedoor attempted to control Fuji TV by buying its then top shareholder, radio broadcaster Nippon Broadcasting System Inc. Kitao was entrusted with Nippon Broadcasting's shares in Fuji TV to prevent Livedoor from having influence over Fuji TV if it acquired Nippon Broadcasting.
(2025/04/18-17:54)
To read a full story, please click here to find out how to subscribe.
NATIONAL
-
05/14 13:42 Body Identified as Truck Driver in Road Collapse near Tokyo - 05/14 11:26 Nobel Institute to Hold Event in Tokyo for Nuclear Disarmament
- 05/14 09:36 Japan Producer Prices Rise 4 Pct in April
-
05/13 23:50 Japan LDP OKs Pension Reform Legislation - 05/13 23:16 Japan Envoy to the U.S. Confident of Economic Cooperation
- 05/13 22:49 China Seen Building New Structure in East China Sea
- 05/13 22:24 Japan's Iwaya Urges Israel to Abide by Int'l Law
- 05/13 22:23 Japan's Yuzuki Wins British Book Award
- 05/13 22:15 Japanese Man Gets 12-Yr Prison Sentence in China over Spying
- 05/13 22:14 Japan's Meter, Kilogram Prototypes Shown to Press
- 05/13 22:10 Replicas of Nobel Prize Medal, Diploma Displayed in Hiroshima
- 05/13 21:50 Japan, WTO Vow to Strengthen Multilateral Trade System
- 05/13 21:00 1 Month On, Angola, Nepal Pavilions Not Open at Osaka Expo
- 05/13 20:55 Japan's 1st Surface-to-Ship Missile Drill Set for June 19-30
- 05/13 20:44 Empress Masako Attends Convention for Japanese Red Cross
- 05/13 19:38 Japan LDP Panel Calls for Law to Combat Espionage
- 05/13 19:04 Japan LDP Group Proposes 20 Pct Tax on Cryptocurrency Gains
- 05/13 18:58 Nearly Half Likely to Believe Online Fake Info: Govt Survey
- 05/13 15:53 LDP, Komeito Agree to Draft Extra Budget before Autumn Session
- 05/13 13:10 BOJ Policymakers Find Need to Pause: Meeting Summary
- 05/13 12:39 Nakai's Lawyer Refutes 3rd-Party Report Finding Sexual Violence
- 05/13 11:03 Paraguay's President to Visit Japan from Mon.
- 05/13 08:30 Osaka Expo Still Struggling to Draw Visitors despite Reaching 2 M.
- 05/12 23:21 Japan PM Ishiba Meets with Guinea-Bissau Pres.
- 05/12 22:29 (Update 3) Chiba Boy Arrested for Alleged Murder of Elderly Woman
- 05/12 22:25 Japan to Issue Certificates Online to Nationals Abroad
- 05/12 22:02 Japan's Deep Sea Probe Capable of 8,000-Meter Dives Displayed
- 05/12 21:44 Japan Aircraft Parts Makers Bracing for Possible U.S. Tariff
- 05/12 21:20 (Update) Japan Retail Rice Prices Fall for 1st time in 18 Weeks
- 05/12 21:03 Japan Proposing Shipbuilding Cooperation in U.S. Tariff Talks
- 05/12 20:39 Japan's Princess Aiko to Visit Quake-Hit Noto from Sun.
- 05/12 20:14 Chilean Pres. Attends "National Day" Event at Osaka Expo
- 05/12 20:11 INTERVIEW: Japanese American Museum CEO Laments U.S. Grant Cuts
- 05/12 19:09 Shiga Chef Turns Stinky Sushi into Cheesecake
- 05/12 18:38 Japan LDP to Forgo Compiling Bill on Dual Surname System
- 05/12 18:01 Chiba's Zozo Marine Stadium Expected to Be Moved
- 05/12 17:53 Japan Retail Rice Prices Fall for 1st time in 18 Weeks
- 05/12 17:42 Stolen Buddha Statue Returned to Japanese Temple after 12 Yrs
- 05/12 16:48 (Update 2) Chiba Boy Arrested for Alleged Murder of Elderly Woman
- 05/12 15:50 Transport Ministry Issues Warning to Japan Airport Terminal
- 05/12 15:37 Japan Looking Closely at Proposed Russia-Ukraine Talks: Hayashi
- 05/12 15:11 (Update) Chiba Boy Arrested for Alleged Murder of Elderly Woman
- 05/12 13:35 Japan FY 2024 Current Account Surplus Hits Record 30 T. Yen
- 05/12 13:20 WTO Chief to Meet with Ishiba Tues.
- 05/12 12:56 Woman, 84, Killed on Chiba Street; Boy, 15, Questioned
- 05/12 12:28 (Update) Ishiba Eyes Submission of Pension Reform Bill This Week
- 05/12 12:05 Ishiba Eyes Submission of Pension Reform Bill This Week
- 05/12 11:47 Ishiba Calls India-Pakistan Truce Big Achievement
- 05/12 11:00 LDP, CDP See Consumption Tax Cut as Election Issue
- 05/11 20:23 Chinese Research Ship Spotted in Japanese EEZ
- 05/11 18:45 Ishiba, Boric Reaffirm Importance of Free Trade
- 05/11 12:04 Ishiba Reiterates Demand for U.S. Removal of Auto Tariffs
- 05/11 10:48 Japan's 1st Dinosaur Faculty Opens at Fukui University
- 05/10 20:22 Stolen Buddha Statue Handed Over to Japan in South Korea
- 05/10 19:25 (Update 2) Emperor Emeritus Diagnosed with Silent Myocardial Ischemia
- 05/10 19:11 Japan Wary of Possible Low-Tariff Auto Quota in U.S. Trade Talks
- 05/10 17:20 (Update) Emperor Emeritus Diagnosed with Silent Myocardial Ischemia
- 05/10 15:02 NPT Preparatory Meeting Fails to Adopt Recommendation
- 05/10 12:47 Japan's Emperor Emeritus Leaves Hospital after Heart Exam
- 05/09 21:49 Inappropriate Transactions Found at Japan Airport Terminal
- 05/09 20:59 U.S. Forces, Okinawa Launch Forum after Sexual Assaults
- 05/09 20:19 Iwaya Urges Restraint in Talks with Pakistani Counterpart
- 05/09 20:08 No Link Seen between Suspect, Victim in Tokyo Knife Incident
- 05/09 19:59 Princess Aiko Visits Foreign Pavilions at Osaka Expo
- 05/09 19:30 LDP's Nishida Retracts Remark on WWII Exhibits
- 05/09 18:34 Komeito Calls for Security Dialogue in Northeast Asia
- 05/09 18:05 Japan Govt, LDP Likely to Skip Consumption Tax Cut
- 05/09 17:58 Spring Grand Cordon Ceremony Held at Imperial Palace
- 05/09 17:47 Japan Govt to Relax Bidding Conditions for Stockpiled Rice
- 05/09 16:53 (Update) Japan Airport Terminal's Top Execs Quit amid Scandal
- 05/09 16:50 Japan Coincident Economic Index Down 1.3 Points in March
- 05/09 16:32 Hibakusha Group Heads Urge New Pope to Promote Nuke Abolition
- 05/09 16:04 Ex-TSE Employee, Father Ruled Guilty of Insider Trading
- 05/09 15:04 Japan Hopes to Develop Ties with Vatican under New Pope
- 05/09 14:16 Japan to Keep Asking U.S. to Scrap Additional Tariffs
- 05/09 13:53 Japan Household Spending Down 0.1 Pct in FY 2024
- 05/09 12:54 Japan Airport Terminal's Top Execs Quit amid Scandal
- 05/09 12:43 Japanese Princess Kako to Visit Brazil from June 4
- 05/09 12:03 U.S. Agriculture Chief to Visit Japan, 6 Other Nations
- 05/09 10:56 Japan Real Wage Index Down 2.1 Pct in March
- 05/09 10:04 Japan, Australia Confirm Security Cooperation
- 05/09 09:39 Japan, Jordan Affirm Cooperation toward Middle East Peace
- 05/09 00:07 Noto Region Welcomes 1st School Trip since Massive Quake
- 05/08 22:16 (Update) Japan's Princess Aiko Visits Osaka Expo
- 05/08 22:09 2 Chinese Ships Leave Japanese Waters near Senkakus
- 05/08 21:54 Transactions via Hacked Securities Accounts Top 300 B. Yen
- 05/08 21:38 Japan, EU Discuss Cooperation to Maintain Free Trade
- 05/08 21:19 NPA Urges Kanagawa Police to Review Response to Possible Stalker
- 05/08 21:03 Ishiba Denies Money Scandal Report
- 05/08 20:40 Opposition Raps LDP Lawmaker's Remark on WWII Exhibits
- 05/08 20:03 BOJ Policymakers See Uncertainties from Trump Tariffs: Minutes
- 05/08 18:33 Nagasaki to Invite Russian Envoy to Peace Ceremony
- 05/08 17:59 Hakuhodo's Appeal Dismissed in Tokyo Games Bid-Rigging Case
- 05/08 16:24 (Update) 2 Men Arrested over Commotion at Tokyo Elementary School
- 05/08 16:10 Ishiba Mourns Death of Ex-U.S. Defense Official Nye
- 05/08 14:50 LDP's Nishida Refuses to Retract Remarks over WWII Exhibits
- 05/08 14:47 2 Men Arrested in Commotion at Tokyo Elementary School
- 05/08 14:04 2 Ballplayers Referred to Prosecutors over Online Gambling
- 05/08 14:03 Osaka Univ. Team Develops Immune Cell Therapy for AML
- 05/08 13:24 Japan's Princess Aiko Visits Osaka for Expo
- 05/08 12:44 (Update 2) N. Korea Fires Ballistic Missiles into Sea of Japan
- 05/08 11:31 (Update) Japan Confirms N. Korean Ballistic Missile Launch
- 05/08 11:03 Ex-U.S. Defense Official Nye, Expert on Japan, Dies at 88
- 05/08 11:00 "Hung Diet" Overwhelms Lower House Legislative Bureau
- 05/08 09:07 N. Korea Launches Ballistic Missiles toward Sea of Japan
- 05/08 08:30 Loss of Immune-Regulating Protein Eases Alzheimer's Disease
- 05/08 00:12 (Update 2) Man Arrested after 2 Injured in Tokyo Knife Incident
- 05/07 22:24 (Update) Man Arrested after 2 Injured in Tokyo Knife Incident
- 05/07 21:34 Conservative LDP Lawmakers Urge Govt to Skip WWII Review
- 05/07 20:51 Man Brandishes Knife at Tokyo Metro Station; Several Injured
- 05/07 20:36 German Agency to Strengthen Support for Japan Startups
- 05/07 19:56 Ishiba Faces Fresh Money Scandal
- 05/07 19:10 Chilean President to Visit Japan from Sun.
- 05/07 19:03 Retail Rice Price Hits Record for 17th Straight Week in Japan
- 05/07 18:52 Japan Emperor's Family to Visit Okinawa in June
- 05/07 17:59 New German Govt to Deepen Defense Ties with Japan: Expert
- 05/07 17:44 Japan Preparing for Future Pandemics
