#fumio matsumoto
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saint-miroir · 1 year ago
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Battle Athletes Daiundoukai page spread taken from Animage Magazine (12/1997). Illustrated by Fumio Matsumoto.
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head-post · 1 year ago
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Japanese ministers resign en masse over fundraising scandal
Four Japanese ministers resigned on Thursday amid allegations of unaccounted funds and kickbacks in the ruling party hours before their replacements were appointed.
Chief Cabinet Secretary Hirokazu Matsuno, Interior and Communications Minister Suzuki Junji, Agriculture, Forestry and Fisheries Minister Miyashita Ichiro and government spokesman and Economy, Trade and Industry Minister Yasutoshi Nishimura submitted their resignations to Prime Minister Fumio Kishida on Thursday.
Hours before the mass resignations, Kishida confirmed his plan to replace members of his cabinet amid an investigation into kickbacks received by senior government and ruling Liberal Democratic Party officials.
The scandal has sparked a crisis in the already beleaguered Kishida administration, whose approval ratings are at their lowest. At a news conference after submitting all four resignations, Matsuno said he realised the public distrust of politics caused by the affair.
Former Foreign Minister Yoshimasa Hayashi will replace Matsuno as spokesman, former Justice Minister Ken Saito will take over as economy and trade minister, Takeaki Matsumoto will return as interior minister after being replaced in the latest cabinet reshuffle, and former minister in charge of regional revitalisation Tetsushi Sakamoto will take over agriculture.
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Effect of Variation in Different Mechanical Setting of Draft Change Pinion in Trutzschler Carding Machine for Cotton and Polyester Carded Slivers
Abstract
Different engineering setting of Draft Change Pinion like 13, 15, 17, 19, 21 were studied for production of cotton carded sliver and polyester carded sliver in a specific setting of carding machine to observe the card sliver variation, card sliver evenness, card sliver neps as well as sliver irregularity considering the geometrical variation of sliver surface. Weight fluctuation of 10 different samples were studied for different engineering setting of Draft Change Pinion (DCP) like 13, 15, 17, 19, 21 and samples of DCP 17 was observed more homogeneous than other samples studied in this experiment both for cotton and polyester carded sample under observation of weight variation of 10 different carded sample. The overall weight variation in cotton and polyester sliver/6yds is considered in general as DCP-13
Keywords: Cotton carded sliver; Polyester carded sliver; Draft change pinion (DCP); Carding machine
Introduction
The polyester cotton blended yarn can be made well by proper processing of cotton fibres in blowroom ( picture of blowroom as figure 1 ) and thereafter ptocessed in cotton carding (picture of cotton carding machine in figure 2), on which next or subsequent spinning performance depends
Carding is one of the most important operations in the spinning process as it directly determines the final features of the yarn, above all as far as the content of neps and husks are concerned. There are many objectives of the carding process and these can be summarized as: a) Opening the tufts into individual Fibres. b) Eliminating all the impurities contained in the Fibre that were not eliminated in the previous cleaning operations. c) Selecting the Fibres based on length, removing the shortest ones. d) Removal of neps. e) Parallelizing and stretching of the Fibre. f) Transformation of the lap into a sliver, therefore into a regular mass of untwisted Fibre.
During carding if need to change draft, then pinion generally change. The number of teeth of this changed DCP higher than draft will be less. If the draft is lower than the production will be higher, but hank will be lower. If the no. of teeth higher but hank will be lower. If the no. of teeth of this changed DCP is lower than it happens oppositely. DCP (↑)− Draft (↓)− Production( ↑)− Hank (↓ )
During carding, if it’s needed to change draft then pinion normally changes. The number of the teeth of this changed DCP higher than draft will be less number. In the other hand, if number of teeth is less then draft will be higher (Figures 3 & 4) [1]. Teruwaka Ogawa, Nori Matsumoto and Yukimatsu Miyamoto were studied that the draft of cotton spinning machines is affected by variations in temperature and relative humidity, and to fix a reasonable roll distance of the drafting element which will eliminate irregularity of draft [2]. Fumio Murakami, Toshio Shoman and Susumu Case studied that this is an attempt to approximate the characteristics of two major types of servo-draft systems the open-loop system and the closed-loop system by comparatively simple mathematical models consisting of linear transfer functions. The effectiveness of servo-draft systems in terms of the frequency response of the mathematical models has been investigated [3]. LPMT Laboratories de Physique et Mécanique Textiles, Mulhouse, Alsace FRANCE were studied that fiber surface properties have a significant effect on yarn spinning. The frictional behavior of fibers greatly influences their processing, their performance and the performance of the final product. In order to investigate the effect of fiber surface properties and inter-fiber friction during spinning process, card slivers are taken and subjected to three drawing passages. Card and drawing frame slivers are then tested by the Static Friction Tester (SFT), which has been developed earlier. Fiber fineness, maturity and fiber length are measured by using different testing instruments. Hook content is calculated by utilizing fiber length data. The statistical analysis of results shows the same trend for the different cotton fibers tested [4].
Yasemin Korkmaz was studied that the effects of fibre fineness on dynamic cohesion force at different delivery speeds for synthetic fibres. Sliver irregularity was positively correlated with variation in cohesion, while a negative correlation was detected between sliver irregularity and cohesion force and between sliver irregularity and fineness. Therefore, the slightest change in fibre fineness can cause dramatic changes in the drafting process and sliver irregularity. One of the most important parameters regarding the processability of a synthetic fibre is the level of inter-fibre friction, which determines the drafting force or cohesive force dependent on such factors as surface conditions, crimping and lubricant deposit on the fibres. Staple length and crimp are highly significant factors affecting the cohesion values. Experiments conducted on cotton fibres revealed that there was a positive correlation between 2.5% span length and variation in cohesion force, which affected ends down in spinning. Fibres with smoother surfaces had greater cohesion than fibres with geometrically rough surfaces. Crimp drastically influences the cohesive force by changing the surface roughness and the crosssectional shape of fibres. Cohesive force and its influence on yarn quality, and their results indicated a strong interaction between the variability in drafting force and the variability in the single yarn strength. The inter-fibre friction affects the draft-in force which must be overcome in every drawing section of production.
Therefore, this force must be controlled in order to reduce any drafting problems. Although many studies have been conducted to determine the effect of fibre properties on drafting force, there is very little published information available on the effect of fibre fineness. In this study, the effect of fineness on the dynamic cohesion and its interaction with sliver irregularity were investigated [5]. Nasir Mahmood’ & Zahid Maqsood were studied that inadequate settings and inadequate feedings are the sources of variation in weight per yard of lap. Alan and Alexander (1988) pointed out that processing of fibres tends to produce neps through a stress build up/sudden release mechanism which induced buckling along the fibre length. Ali (1998) reported that calendar rolls pressure. kirschner beater gauges and kirschner beater speed mainly influenced the lap weight variation. He also recommended that CV of meter to meter lap weight be strictly controlled and maintained at level less than 2%. Anonymous (1999) recommended that distance between stripping rail and the kirschner beater should be 2mm [6]. D. R. Cox was studied that Sliver is drafted by passing it between two pairs of rollers moving with different speeds, a ‘period’ is produced in the thickness variations of the drafted sliver. The change in standard deviation of thickness is related to the properties of the sliver and of the drafting mechanism, and to the spectrum of the thickness of the initial sliver. One of the fundamental operations in the production of textile yarn from fibres is the process of drafting.
It consists in the drawing out of a thick intermediate web of fibres, or sliver, by one of two methods. In the first method, roller drafting, the sliver is passed between two pairs of rollers moving with different speeds, resulting in a reduction of thickness determined by the ratio of the roller speeds. The second method, mule drafting, is an intermittent process in which successive lengths of sliver are gripped, extended and then wound on a bobbin [7]. Arindam Basua was studied that yarn structure and its relationship with the properties have attracted many researchers and scientists. This has resulted in many published research works scattered in many places. The importance of this subject has increased due to the need of yarn with best possible quality at optimum cost. Yarn can be defined as a product of substantial length and relatively small cross-section consisting of fibres and/ or filaments with or without twist [8]. Abdul Jabbar, Tanveer Hussain and Abdul Moqeet were studied that yarn unevenness increased by increasing card production rate and total yarn imperfections increased by decreasing card cylinder speed and increasing card production rate. Various processes involved in the spinning of carded spun yarn include cleaning and blending cotton in the blow room, carding, breaker and finisher drawing, roving formation on the simplex and yarn formation on the ring frame. The effect of different parameters of these processes on the resulting yarn quality, have been studied by various researchers in the past [9]. L.B. DeLuca, J. Simpson and L.A. Fiori were studied that the average drafting tenacity was directly related to the total amount of hooks present before drafting. A linear relationship exists between hooks in roving and hooks in the sliver fed to the roving frame [10].
Louis A. Fiori, John J. Brown and Jack E. Sands were studied that for cottons of comparable fiber length and weight fineness, the stronger fibered cotton produced the stronger 2-ply yarns. Also, differences in fiber strength do not affect twist-strength trends or percentage gain in strength of 2-ply over single yarns. The results of this study also indicate that fiber elongation is directly related to 2-ply yarn elongation [11]. D. D. McAlister, J. D. Bargeron and L. C. God bey were studied that fiber bundles in sliver form more closely represent the fiber bundles commonly used in commercial testing. Fiber quality, processing quality, and yarn quality were measured for each cotton in addition to finisher sliver drafting force where short fiber content has the greatest impact on drafting force. Determination of processing waste and spinning efficiency levels influences the determination of drafting force of sliver [12-14]. A.K.M. MAHABUBUZZAMAN, M.R. RASHID, F. AHMED, A.K. AZAD AND M.N. EHSAN were studied that the result of exemption parameters of the finisher card machine on the physical properties of all jute and jute-acrylic blended yarn. Carding is an important step in processing line of jute spinning. A cylinder is the heart of the whole carding machine due to the carding action, which causes from its cylinder speed and other rollers.
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Materials Used
A medium grade cotton and polyester were used in this study. The cotton fibres and polyester were processed through a blow room and then blow room lap is applied in carding machine to observe the orientation of both fibre in same setting of carding machine. The properties of the cotton (Indian) which was used in the study like Length: 23.25 mm, Fineness: 2.2 dtex, Tensile strength: 3.2 g/dtex, Color: Gray, Elasticity: Relatively low, Moisture Regain: 7.3%. The properties of the polyester staple fiber (Indonesian) which was used in the study is as follows: Brand: Meije, Fineness: 3.5 dtex, Color: Raw white Grade: Recycled, Fiber length: 25 mm
Machine used
• Carding machine: TRUTZSCHLER (TC-03)
Method:
In this experiment, two 50 kg lap of cotton and polyester fibre was collected from blow room. The setting of carding machine was normal noted in carding machine parameter, only changed the DCP. DCP-13 was set and run the machine as well as collected ten sample of more than 6yds sliver. As the same way, 6yds sample was collected for DCP-15, 17, 19, 21. The length of carded sample for ten different sample was measured with wrap block machine for DCP-13, 15, 17, 19, 21. All carded samples of 6yds were weighted with digital electronic balance and noted precisely. Temperature of production unit was maintained 42◦C during the time of sample collection.
Testing
Wrap block for sliver length measurement: Company: Mag, Origin, India, Standard of testing method: ISO 105-X13:2001 as well as electronic balance for sample weight measurement (Figures 4&5) SEM (Scanning Electron Microscope) is a type of electron microscope that produces images of a sample by scanning the surface with a focused beam of electrons. By scanning the sample and collecting the secondary electrons that are emitted using a special detector, an image displaying of the surface is created (Table 1).
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Result and Discussion
Weight variation of cotton and polyester carded sliver in different Draft Change Pinion (DCP): (Tables 2-7) (Figures 6-11). The weight of the sliver is almost nearest for all DCP due to having same machine parameters of carding machine, but highly smoother/less weight variation was found for DCP-17. The overall weight variation in cotton and polyester sliver/6yds is considered in general as DCP-13
SEM Study of Cotton and Polyester Carded Sliver for Draft Change Pinion 17:
SEM Study of Cotton and Polyester Carded Sliver for Draft Change Pinion 17 was observed due to having less fluctuation of weight and its orientation was analyzed for observation of sliver surface variation. Scanning Electron Microscope (SEM) analysis for cotton carded sliver and polyester carded sliver with 30 KV VPSEM showed an orientation of cotton and polyester carded sliver. For 20μm cotton carded sliver, the lengthwise value of Electron High Tension (EHT) is 5.00 KV, Working Distance (WD) between the sample and low portion of the lens is 8.5 mm, Magnification (Mag) is 1.00 K X and signal A is Secondary Electron (SE1). For 2 μm cotton carded sliver, the widthwise value of Electron High Tension (EHT) is 5.00 kV, Working Distance (WD) between the sample and low portion of the lens is 8.5mm, Magnification (Mag) is 5.00 K X and signal A is Secondary Electron (SE1) (Figures 12&13). For 10 μm polyester carded sliver, the lengthwise value of Electron High Tension (EHT) is 5.00 kV, Working Distance (WD) between the sample and low portion of the lens is 9.00mm, Magnification (Mag) is 1.00 K X and signal A is Secondary Electron (SE1). For 2 μm polyester carded sliver, the widthwise value of Electron High Tension (EHT) is 5.00KV. SEM study of polyester and cotton sliver were investigated the effect of fineness for different cohesion of natural fibre as cotton and synthetic fibre as polyester and its interaction with sliver irregularity, surface variation when it was trialed with Draft Change Pinion-17. SEM testing of cotton carded sliver and polyester carded sliver with 30 KV VP-SEM had been tested in Bangladesh Council of Scientific and Industrial Research (BCSIR).
The Scanning Electron Microscope (SEM) shows the evidence of sliver debonding, sliver split, sliver slicing, matrix damage and weak fiber-matrix interfacial bonds. More aggregation and impurities of fibre showed in cotton card than polyester card. Cotton card sliver surface showed geometrically rough than the surface of polyester card sliver which indicates that Fibres with smoother surfaces had greater cohesion than fibres with geometrically rough surfaces.
Conclusion
So, an optimum selection of DCP may confirm the orientation of fibre in carding stage as well as ensuring the quality of finished yarn for cotton spinning and polyester-cotton blended. Sliver irregularity was positively correlated with variation in cohesion, while a negative correlation was detected between sliver irregularity and cohesion force and between sliver irregularity and fineness. Therefore, the slightest change in fibre fineness can cause dramatic changes in the drafting process. Fiber properties, card setting, and the performance of card sliver are greatly affected by the frictional behavior of the fiber assemblies for both cotton and polyester fibre. Fibre hooks in sliver can be minimized by setting proper DCP in carding which may eliminate yarn hairiness.
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hotwaterandmilk · 2 years ago
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Series: Slayers Artist: Matsumoto Fumio Publication: Animedia Magazine (02/1999) Source: Scanned from personal collection
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animarchive · 5 years ago
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Akane from Mahou Tsukai Tai! / Magic User’s Club - illustration by animator Fumio Matsumoto and character designer Ikuko Itoh (Newtype, 10/1996)  
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architecturefiles · 7 years ago
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Architect and Project Professor at The University of Tokyo, Fumio Matsumoto put together more than 30 iconic buildings into a single 3D printed object called, “Memories of Architecture.” Façades, exterior forms, interior spaces, and structures of significant architectural works were reproduced at 1:300 scale and merged together in order from old to new.
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goodmeowningcols · 4 years ago
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I was tagged by @rhaenyra-snow and @ladyaryawolf - thank you cuties! 🥰
Rules: Tag 9 people who you want to know better/catch up with and then answer these questions.
3 Ships:
Jonrya: I didn’t plan to ship it because I came from the show first and knew only of Gendrya but the books and George changed my mind. I fell so hard for it - I absolutely had no chance and no choice against it. I love canon-based pairings. Nothing like chapters and chapters of canon content plus the original outline to ruin me for other ships in ASOIAF for life. Ouch. They love each other so much and not even death will separate them. 😭
Sheith: Lol, yes it’s from Voltron and I enjoyed the Netflix series a lot. Can’t believe how deeply they felt for each other. They care for one another so much. Fighting to the death and that “I love you” ...just wow. All the feels for these two. Too bad the producers didn’t have the guts to follow through in the end. 😑
Merthur: They’re soulmates just like the above two. Can’t help falling for them from Series 1, Episode 1 until the very end. And they’re both so sweet and hilarious and tragic. Plus that ending where not even millenniums would separate them. Just ugh. 💔
Last Song: Mood Swings (feat Lil Tjay) - Pop Smoke (lol don’t judge)
Last Movie: Train to Busan (The ultimate zombie film 💙)
Currently Reading: ACNH Guidebook (I feel so exposed now 🤣) and Goodbye, Things by Fumio Sasaki and A Monk’s Guide to a Clean House and a Clean Mind by Shoukei Matsumoto
Currently Watching: Animal Crossing New Horizons Island Tours on YouTube (😹 I’m trying to get inspiration for my own island)
Currently Consuming: Nothing... but earlier, Korean Soy Chicken and Kimchi for dinner after an all day trip from the Scottish Highlands back home (9 hour trip).
Currently Craving: Matcha Bubble Tea
Tagging: @baratheon-until-the-end @kleindoeil @hxnabee @ladyspartacus @ourmrsreynolds @circe1fanatic @mysticalmuddle @zuzaosip @meseob and whoever else wants to do it!
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tenchiforum · 5 years ago
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Original post - What is Tenchi Talkback?
Hey, do you know if tenchi in Tokyo has another part that relates? Manga or anime? I finished it recently and do not agree with the ending haha! I need to know more!  Why make such a good show and stop smh
Thanks for asking! Shin Tenchi Muyo! (Tenchi in Tokyo as it was released overseas) seemed to be a one-and-done release, with only a few soundtracks to accompany it.
At least that’s what we thought.
There are, in fact, multiple things that revolve around the Tokyo universe!
The most popular of these is the Shin Tenchi Muyo! Omake Theater, which was an episode cut into three shorts, and originally released on the Japanese laserdisc versions of the show. These would later be made much more accessible (though arguable due to its 1195USD price tag) on the Tenchi Muyo! 10th Anniversary DVD set.
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Suchido! Amagasaki!
The “Tokyo Special” as it has been lovingly coined by fans is a fun episode that takes place somewhere in the middle of the series after Tenchi has already made his way to Tokyo. The special takes the show’s slapstick antics to the next level, with the girls stealing Tenchi away from Sakuya, and Sakuya having to try and save him in a Rambo meets Game of Death style escapade. Even though reaction to the episode has been overwhelmingly positive, the episode has not only never been released outside of Japan, it has also never been dubbed, leading to its relative obscurity in the fandom.
But wait, there’s more!
There is not one, not two, not three, but four light novels that take place in Tokyo!
All of which were written by Universe and Tokyo scriptwriter Mayori Sekijima, and illustrated by veteran Tenchi animator Naoyuki Owada, who illustrated the majority of Naoko Hasegawa’s Tenchi Muyo Ryo-Ohki novels. (Animator Fumio Matsumoto is also credited with illustration on three of the novels.)
The first novel to be released was 1997’s Shin Tenchi Muyo!: Sakuya’s Confession.
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The interesting thing about these novels, as you can see from the cover, is that they included a mini CD in the back! 
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Even more interesting is that the first track on each of these CDs is a monologue about the light novel itself: a rare thing in Tenchi. The other two tracks are a unique song for the novel (one with vocals and a karaoke version).
Track 1: Sakuya’s Confession (Monologue) Track 2: Angelic Temptation Track 3: Angelic Temptation (Karaoke)
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The next novel was Shin Tenchi Muyo!: Sasami’s Prayer.
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Track 1: Sasami’s Prayer (Monologue) Track 2: Friends (Song by Chisa Yokoyama) Track 3: Friends (Karaoke) 
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The final novel in the trio of mini CD releases was Shin Tenchi Muyo!: Ryoko’s Heart.
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Track 1: Ryoko’s Heart (Monologue) Track 2: The 14th Moon (Song by Ai Orikasa) Track 3:  The 14th Moon  (Karaoke)   
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All of these novels featured original stories set in the Tokyo continuity, revolving around each of the featured girls.
The final Tokyo novel was released in 1998, and is simply titled Shin Tenchi Muyo!
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Though this novel features original illustrations, it does not include a CD like the others (being a part of the same line as the Ryo-Ohki novels.) From the initial look, it appears to just be novelized versions of three episodes from the show. It is, however, available in Amazon Kindle form, for those with an Amazon.JP account.
Unfortunately, as with most things Tenchi, none of these novels have been translated into English. But rest assured, there is more to the world of Tokyo than meets the Ai…..eye.
Got a question you want to see answered? Send us a message on social media, discuss on the forum, or email us at [email protected]
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stocknewspaper-blog · 7 years ago
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"Japan stocks to hit 21-year high in 2017 on weak yen, election: Reuters poll" has been added to my site. Please visit for details. http://www.stocknewspaper.com/japan-stocks-to-hit-21-year-high-in-2017-on-weak-yen-election-reuters-poll/
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rivaltimes · 2 years ago
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Kishida appoints new Interior Minister after the resignation of his predecessor
Kishida appoints new Interior Minister after the resignation of his predecessor
Archive – Takeaki Matsumoto, former Japanese Foreign Minister and current Minister of the Interior – CORPSE REVIVER – Archive Japan’s Prime Minister Fumio Kishida announced on Monday the appointment of former Foreign Minister Takeaki Matsumoto as the new head of the Interior Ministry, thus replacing Minoru Terada, who has resigned over a bribery scandal. Matsumoto, 63, also a deputy from the…
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namitamaki-international · 2 years ago
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Nami to appear at the music play “#RiKōran -Flowers and Flowers-”🎭 To mark the 50th anniversary of the normalization of diplomatic relations between Japan and China and the 45th anniversary of the Treaty of Peace and Friendship between Japan and China, a special play will be held 🇯🇵����🇳 A Japan-China co-production of the music play 「#李香蘭-花と華-」 (Ri Kōran -Flowers and Flowers -), which depicts the life of the legendary diva Yoshiko Yamaguchi, also known as Li Xianglan and rendered in Japanese as Ri Kōran (李香蘭), who survived World War II, will be performed in January 2023 with a script by Takaya Okamoto and directed by Shinji Rachi! Nami Tamaki will be cast in two roles: Yoshiko Kawashima and Ryubachika. She will be playing one of the roles depending on the performance and day. 🔸 Performance Information A Japan-China joint production of the music play 「李香蘭-花と華-」 (Ri Kōran -Flowers and Flowers-) 🔸 Performance Schedule January 13, 2023 ~ January 22, 2023 @ Kinokuniya Southern Theater TAKASHIMAYA *Detailed schedule to be announced at a later date. 🔸 Cast Ri Kōran: Mariya Nishiuchi Yoshiko Kawashima: Tsukasa Hiryu, Nami Tamaki (W CAST) Ryubachika: Nami Tamaki, Maon Kurosaki (W CAST) Kodama Eisui: Taro Nakamura Nagamasa Kawakita: Hirotaka Ise Toru Yamaya: Daisuke Yanase Masahiko Amakasu: Shinji Rachi Ai Yamaguchi: Rika Matsumoto Fumio Yamaguchi: Kentaro Hayami General Li: Yasuhisa Kato Pan Yuehua: Aya Akane Kazuo Hasegawa: Shusuke Saito Yoshiko Yamaguchi: Mira Yasutoshi (special appearance) etc. Script and Lyrics: Takaya Okamoto Direction and Choreography: Shinji Rachi Composer: Masato Kamata Choreography: Kayoko Nakura General Direction: Kensuke Yokouchi #玉置成実 #namitamaki #tamakinami #jpop #japaneseartist #japanesesinger #instagram #beautiful #girl #jmusic #picoftheday #japanesemusic #japan #japanese #music #artist #singer #love #entertainment #instalike #followme #instadaily #エンターテイメント #歌手 #アニソン #アーティスト #日本 https://www.instagram.com/p/CkbGJW7K1F5/?igshid=NGJjMDIxMWI=
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archatlas · 7 years ago
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Architect and Project Professor at The University of Tokyo, Fumio Matsumoto put together more than 30 iconic buildings into a single 3D printed object called, “Memories of Architecture.” Façades, exterior forms, interior spaces, and structures of significant architectural works were reproduced at 1:300 scale and merged together in order from old to new.
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mylucky137276 · 3 years ago
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Toshiba announces plan to split into 3 firms, shareholder reaction in focus
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Japan's Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two core businesses - its energy and infrastructure business as well as its device and storage business.
After spinning off the two companies, Toshiba will continue to own its 40.6% stake in memory chipmaker Kioxia as well as other assets.
The plan--borne of a five-month strategic review undertaken after a highly damaging corporate governance scandal--is partly aimed at encouraging activist shareholders to exit, sources with knowledge of the matter have said.
Toshiba said in its statement on Friday that the plan was aimed at enhancing shareholder value.
Some Toshiba investors are not convinced that a break-up would create value, shareholder sources said ahead of a formal announcement of the plan. "It makes sense to split if the valuation of a highly competitive business is hindered by other businesses," said Fumio Matsumoto, chief strategist at Okasan Securities.
"But if there isn't such a business, the break-up just creates three lacklustre midsize companies." The once-storied 146-year old conglomerate has lurched from crisis to crisis since an accounting scandal in 2015. Two years later, it secured a $5.4 billion cash injection from 30-plus overseas investors that helped avoid a delisting but brought in activist shareholders including Elliott Management, Third Point and Farallon.
Tension between Toshiba management and overseas shareholders has dominated headlines since then and in June, an explosive shareholder-commissioned investigation concluded that Toshiba colluded with Japan's trade ministry to block investors from gaining influence at last year's shareholders meeting.
Earlier on Friday, Toshiba released a separately commissioned report that found executives including its former CEO had behaved unethically but not illegally.
It concluded that Toshiba was overly dependent on the trade ministry, adding that problems were also caused by its "excessive cautiousness towards foreign investment funds" and "its lack of willingness to develop a sound relationship with them."
Shares in Toshiba finished 1% lower after the governance report. Details of the review were announced after the market close.
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hotwaterandmilk · 4 years ago
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Series: Battle Athletes Daiundoukai Artist: Matsumoto Fumio Publication: Animedia Magazine (01/1998) Source: Scanned from personal collection
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animarchive · 7 years ago
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Newtype (11/1995) - El-hazard - illustration by Fumio Matsumoto.  
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moodboardmix · 7 years ago
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Fumio Matsumoto, “Memories of Architecture,” 2017,
3D-printed puzzle, 1:300 scale, 
 ©  Fumio Matsumoto / The University Museum, The University of Tokyo
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