Jiji Press Ltd. (株式会社時事通信社, Kabushiki gaisha Jiji Tsūshinsha) is a news agencyinJapan.
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Headquarters in Ginza, Chuo, Tokyo
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Native name | 株式会社 時事通信社 |
|---|---|
Romanized name | Kabushiki gaisha Jiji Tsūshin-sha |
| Company type | Private employee-owned KK |
| Predecessor | Domei Tsushin |
| Founded | November 1, 1945; 78 years ago (1945-11-01) |
| Headquarters | Ginza 5-15-8,
,
Japan
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Number of locations | 78 offices in Japan, 28 offices overseas |
Key people | Masao Omuro (President) |
| 262 million yen (2016) | |
| Total assets | 38 billion yen (2016) |
| Total equity | 21 billion yen (2016) |
Number of employees | 862 |
| Website | jiji |
| Footnotes / references 2016 financials: [1] | |
Jiji was formed in November 1945 following the breakup of Domei Tsushin, the government-controlled news service responsible for disseminating information prior to and during World War II. Jiji inherited Domei's business-oriented news operations, while Kyodo News inherited its general public-oriented news operations. In later years Jiji developed ties with UPI, the Associated Press, AFP, Reuters and other international news organizations.[1]
In 2011, Jiji reported that Olympus CEO Michael Woodford blackmailed company management into appointing him CEO in exchange for promises to cover up an accounting fraud scandal. Woodford argued that "the so-called unnamed sources at Olympus had clearly lied, [and] Jiji had without proper scrutiny and challenge simply reported those lies." Jiji later withdrew the report and apologized.[2]
In 2012, Jiji president Masahiro Nakata resigned after it was found that a Jiji writer in Washington, D.C. copied an article wired by Kyodo News.[3]
Jiji is run as an employee-owned corporation and is not publicly traded, nor does it have non-employee shareholders. Jiji has news bureaus throughout Japan and in many major cities worldwide.
Jiji is the third-largest shareholder in Dentsu, holding 5.85% of the outstanding stock (16.9 million shares) as of December 2016.[4]
