The previous CEO Ohtsubo Fumio (67) who led the company to two consecutive years losses topping JPY 750 billion (USD 8.8 billion) annually was kickedupstairs to chairman.
If there are disagreements, a proposed investment deal is kickedupstairs, where higher-level officials, normally political appointees, can take forty-five days for a second investigation, and the decision is ultimately put on the president's desk.