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92-536: The Japan Tobacco Inc. ( 日本たばこ産業株式会社 , Nihon Tabako Sangyō kabushiki gaisha ) ( JT ) is a Japanese diversified tobacco company. It was established in 1985 as a tokushu gaisha ( 特殊会社 , lit. "special company") that inherited the right to monopolize and manufacture cigarettes from the Japan Tobacco and Salt Public Corporation and required the government to hold at least 50% of its shares. In addition to tobacco, JT diversified its businesses, establishing

184-531: A ⟨k⟩ , is often used, but the original Japanese pronunciation is kabushiki gaisha , with a ⟨g⟩ , owing to rendaku . A kabushiki gaisha must include " 株式会社 " in its name (Article 6, paragraph 2 of the Companies Act). In a company name, " 株式会社 " can be used as a prefix (e.g. 株式会社 電通 , kabushiki gaisha Dentsū , a style called 前株 , mae-kabu ) or as a suffix (e.g. トヨタ自動車 株式会社 , Toyota Jidōsha kabushiki gaisha ,

276-713: A "zero-tolerance approach" to illicit trade. JT International S.A. and several of its distributors, including Megapolis in Russia and IBCS Trading in Cyprus, however, have been implicated as recently as 2011 in widespread smuggling to include selling cigarettes to a buyer in Syria subject to EU, Swiss, and US Sanctions and diverting cigarettes from Russia into the European Union and smuggling Winston and other popular cigarette brands into Iran. A JT International S.A. executive told

368-423: A (so-called) "close company" ( 非公開会社 , hi-kōkai gaisha ) , in which case the company (e.g. its board of directors or a shareholders' meeting, as defined in the articles of incorporation) must approve any transfer of shares between shareholders; this designation must be made in the articles of incorporation. The articles must be sealed by the incorporator(s) and notarized by a civil law notary , then filed with

460-524: A Chinese company's factory in China, which sold its products to JT, poisoned ten people, including a five-year-old girl. Thousands of other Japanese people were going to the hospital because of stomach issues as well. A number of dumplings were found containing dichlorvos and methamidophos from pesticide. The health minister of Japan said the contamination at the Chinese factory was possibly intentional, and

552-674: A Cooperation Agreement with the European Commission in 2007 to combat the illicit trade in cigarettes under Article 9 of which the company agreed to "pro-actively disclose" to the European Commission's Anti-Fraud Office (Office Europeen de Lutte Antifraude – OLAF) "...all material information coming into (its) possession after the Execution Date relating to potentially Illegal Product." The Agreement defines "Illegal Product" as Contraband or Counterfeit Cigarettes. Both Japan Tobacco Inc and JT International S.A. claim to adhere to

644-511: A K.K. is carried out by one or more incorporators ( 発起人 , hokkinin , sometimes referred to as "promoters") . Although seven incorporators were required as recently as the 1980s, a K.K. now only needs one incorporator, which may be an individual or a corporation. If there are multiple incorporators, they must sign a partnership agreement before incorporating the company. The purpose statement requires some specialized knowledge, as Japan follows an ultra vires doctrine and does not allow

736-468: A K.K. must have a board of directors ( 取締役会 , torishimariyaku kai ) consisting of at least three individuals. Directors have a statutory term of office of two years, and auditors have a term of four years. Small companies can exist with only one or two directors, with no statutory term of office, and without a board of directors ( 取締役会非設置会社 , torishimariyaku-kai hi-setchi-gaisha ) . In such companies, decisions are made via shareholder meeting and

828-477: A K.K. to act beyond its purposes. Judicial or administrative scriveners are often hired to draft the purposes of a new company. Additionally, the articles of incorporation must contain the following if applicable: Other matters may also be included, such as limits on the number of directors and auditors. The Corporation Code allows a K.K. to be formed as a "stock company that is not a public company" ( 公開会社でない株式会社 , kōkai gaisha denai kabushiki gaisha ) , or

920-446: A boom in using nitrogen fertilizers. In the latter half of the 20th century, increased use of nitrogen fertilizers (800% increase between 1961 and 2019) has been a crucial component of the increased productivity of conventional food systems (more than 30% per capita) as part of the so-called " Green Revolution ". A farm (also called an agricultural holding ) is an area of land that is devoted primarily to agricultural processes with

1012-578: A bureaucrat at the ministry of finance. Koizumi assuming the presidency meant that for the first time since the 1985 privatization neither president nor chairman was from the Ministry of Finance. Koizumi, who had been Executive Deputy President, became president in June 2012. On 30 October 2013 JT announced that it would close four Japanese factories and cut 1,600 jobs in Japan through voluntary retirements. This

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1104-637: A central role in its violent crackdown. Company documents show that in 2010 the head of the JT International SA security office – who performed a similar function at the former Gallaher Group PLC – sought to destroy evidence linking up to 13 company officers to smugglers in the Balkans region; a parallel effort was then being run by company management to hack into the emails of company anti-smuggling investigators, competitors, and law enforcement. The firm also announced in 2011 that it had purchased

1196-578: A certain level of operations, capitalization , land area, or number of animals in the farm. The word "agribusiness" is a portmanteau of the words agriculture and business. The earliest known use of the word was in the Volume 155 of the Canadian Almanac & Directory published in 1847. Although most practitioners recognize that it was coined in 1957 by two Harvard Business School professors, John Davis and Ray Goldberg after they published

1288-420: A further $ 10 million invested since then. The plant has a production capacity of some five billion cigarettes a year. On 12 June 2014 JT concluded an agreement to acquire all outstanding shares of British e-cigarettes producer Zandera Ltd , best known for its E-Lites brand. On 30 April 2015 JT announced it had agreed to buy Florida-based e-cigarette maker Logic Technology Development LLC . In September 2015 it

1380-399: A minor issue when deciding how to structure a business in Japan. As all publicly traded companies follow the K.K. structure, smaller businesses often choose to incorporate as a K.K. simply to appear more prestigious. In addition to income taxes, K.K.s must also pay registration taxes to the national government and may be subject to local taxes. Generally, the power to bring actions against

1472-513: A price of less than ¥50,000 per share (effective 1982-2003 ), or operate with paid-in capital of less than ¥10 million (effective 1991–2005). On June 29, 2005, the Diet of Japan passed a new Companies Act ( 会社法 , kaisha-hō ) , which took effect on May 1, 2006. A kabushiki gaisha may be started with capital as low as ¥1, making the total cost of a K.K. incorporation approximately ¥240,000 (about US$ 2,500) in taxes and notarization fees. Under

1564-417: A rigorous economic framework for the field. They traced a complex value-added chain that begins with the farmer's purchase of seed and livestock and ends with a product fit for the consumer's table. Agribusiness boundary expansion is driven by a variety of transaction costs . As concern over global warming intensifies, biofuels derived from crops are gaining increased public and scientific attention. This

1656-454: A style called 後株 , ato-kabu ). Many Japanese companies translate the phrase " 株式会社 " in their name as " Company, Limited "—this is very often abbreviated as " Co., Ltd. "—but others use the more Americanized translations "Corporation" or "Incorporated". Texts in England often refer to kabushiki kaisha as " joint stock companies ". While that is close to a literal translation of the term,

1748-420: A variety of ways: through dry or pelletized or liquid application processes, using large agricultural equipment, or hand-tool methods. Historically, fertilization came from natural or organic sources: compost , animal manure , human manure , harvested minerals, crop rotations , and byproducts of human-nature industries (e.g. fish processing waste , or bloodmeal from animal slaughter ). However, starting in

1840-491: Is a declining population of American citizens working on farms — temporary or itinerant skilled labor from outside the country is recruited for labor-intensive crops like vegetables and fruits. Irrigation (also referred to as watering of plants) is the practice of applying controlled amounts of water to land to help grow crops , landscape plants , and lawns . Irrigation has been a key aspect of agriculture for over 5,000 years and has been developed by many cultures around

1932-472: Is a multibillion-dollar global business, which uses growing facilities and growing locations worldwide. While most of the seed is produced by large specialist growers, large amounts are also produced by small growers who produce only one to a few crop types. The larger companies supply seed both to commercial resellers and wholesalers. The resellers and wholesalers sell to vegetable and fruit growers, and to companies who package seed into packets and sell them on to

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2024-692: Is a professional in the science , practice, and management of agriculture and agribusiness. It is a regulated profession in Canada, India, the Philippines, the United States, and the European Union. Other names used to designate the profession include agricultural scientist, agricultural manager, agricultural planner, agriculture researcher, or agriculture policy maker. The primary role of agriculturists are in leading agricultural projects and programs, usually in agri business planning or research for

2116-510: Is a type of company ( 会社 , kaisha ) defined under the Companies Act of Japan . The term is often translated as "stock company", " joint-stock company " or "stock corporation". The term kabushiki gaisha in Japan refers to any joint-stock company regardless of country of origin or incorporation; however, outside Japan the term refers specifically to joint-stock companies incorporated in Japan. In Latin script, kabushiki kaisha , with

2208-593: Is also combined into one Unicode character at code point U+337F ㍿ SQUARE CORPORATION , while the parenthesized form can also be represented with a single character, U+3231 ㈱ PARENTHESIZED IDEOGRAPH STOCK as well as parentheses around U+682A 株 CJK UNIFIED IDEOGRAPH-682A and its romanization U+33CD ㏍ SQUARE KK . These forms, however, only exist for backward compatibility with older Japanese character encodings and Unicode and should be avoided when possible in new text. The first kabushiki gaisha

2300-455: Is an agriculturally -oriented shop where one sells agricultural supplies — inputs required for agricultural production such as pesticides , feed and fertilizers . Sometimes these stores are organized as cooperatives , where store customers aggregate their resources to purchase agricultural inputs. Agricultural supply and the stores that provide it are part of the larger Agribusiness industry. A farmworker , farmhand or agricultural worker

2392-949: Is an operating division of Japan Tobacco Inc., and produces, markets and sells the group's cigarette brands internationally. It sells Camel , Salem , and Winston brands outside the USA. Japan Tobacco completed the largest ever foreign takeover in Japanese history through acquisition of Gallaher Group plc in April 2007. Japan Tobacco runs the Tobacco and Salt Museum in Sumida-ku, Tokyo . In 2006/2007 Japan Tobacco planned to start Serbia production, and also planned to invest another $ 100 million. JT paid "$ 35 million euros" [ sic ] for 98.5 percent of Senta Tobacco Industry in May 2006, with

2484-464: Is common in many parts of the world as rainfed agriculture , or it can be full irrigation, where crops rarely rely on any contribution from rainfall. Full irrigation is less common and only occurs in arid landscapes with very low rainfall or when crops are grown in semi-arid areas outside of rainy seasons. Seed companies produce and sell seeds for flowers , fruits and vegetables to commercial growers and amateur gardeners . The production of seed

2576-482: Is governed by a biennial conference representing each member country and the European Union , which elects a 49-member executive council. The director-general, as of 2019 Qu Dongyu of China, serves as the chief administrative officer. Various committees govern matters such as finance, programs, agriculture, and fisheries. An agriculturist , agriculturalist, agrologist, or agronomist (abbreviated as agr.)

2668-629: Is referred to as a company with a board of statutory auditors ( 監査役会設置会社 , kansayaku-kai setchi-gaisha ) . Close K.K.s may also have a single person serving as director and statutory auditor, regardless of capital or liabilities. A statutory auditor may be any person who is not an employee or director of the company. In practice, the position is often filled by a very senior employee close to retirement, or by an outside attorney or accountant. Japanese law does not designate any corporate officer positions. Most Japanese-owned kabushiki gaisha do not have "officers" per se , but are directly managed by

2760-413: Is someone employed for labor in agriculture. In labor law, the term "farmworker" is sometimes used more narrowly, applying only to a hired worker involved in agricultural production, including harvesting, but not to a worker in other on- farm jobs, such as picking fruit. Agricultural work varies widely depending on context, degree of mechanization and crop. In countries like the United States where there

2852-551: The AP stylebook , also farmer's market in the Cambridge Dictionary ) is a physical retail marketplace intended to sell foods directly by farmers to consumers. Farmers' markets may be indoors or outdoors and typically consist of booths, tables or stands where farmers sell their produce, live animals and plants , and sometimes prepared foods and beverages. Farmers' markets exist in many countries worldwide and reflect

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2944-518: The Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture , Agriculture and Agri-Food Canada (AAFC), Austrade , and New Zealand Trade and Enterprise (NZTE). The Federation of International Trade Associations publishes studies and reports by FAS and AAFC, as well as other non-governmental organizations on its website. In their book A Concept of Agribusiness , Ray Goldberg and John Davis provided

3036-876: The U.S. is held at the National Agricultural Library where the earliest catalogs date from the late 18th century, with most published from the 1890s to the present. A fertilizer ( American English ) or fertiliser ( British English ) is any material of natural or synthetic origin that is applied to soil or to plant tissues to supply plant nutrients . Fertilizers may be distinct from liming materials or other non-nutrient soil amendments . Many sources of fertilizer exist, both natural and industrially produced. For most modern agricultural practices, fertilization focuses on three main macro nutrients: nitrogen (N), phosphorus (P), and potassium (K) with occasional addition of supplements like rock flour for micronutrients. Farmers apply these fertilizers in

3128-537: The 19th century, after innovations in plant nutrition , an agricultural industry developed around synthetically created agrochemical fertilizers . This transition was important in transforming the global food system , allowing for larger-scale industrial agriculture with large crop yields. Nitrogen-fixing chemical processes, such as the Haber process invented at the beginning of the 20th century, and amplified by production capacity created during World War II, led to

3220-513: The 2011 earthquake and tsunami. In 2013 the Japanese government disclosed the details of its plans to reduce its equity interest in Japan Tobacco by $ 10 billion, devoting the proceeds to reconstruction in northeastern Japan. The ministry of finance sold the stock in March 2013, selling about 333 million of the 1 billion shares it owned at that time. The government remains required by law to own at least one-third of JT's stock. Japan Tobacco has 66.4% of

3312-585: The Illinois Business Corporation Act of 1933, giving kabushiki gaisha many traits of American corporations , and to be more exact, Illinois corporations. Over time, Japanese and U.S. corporate law diverged, and K.K. assumed many characteristics not found in U.S. corporations. For instance, a K.K. could not repurchase its own stock (a restriction lifted by the amendment of the Commercial Code in 2001), issue stock for

3404-423: The Japan Tobacco and Salt Public Corporation ( 日本専売公社 , Nippon Senbai Kōsha , lit. "Japan Monopoly Public Corporation") was established to enforce restrictive labor relations policies under the U.S. and allied forces' Occupation of Japan . The Japan Tobacco and Salt Public Corporation remained a complete state monopoly under direct Japanese Ministry of Finance authority until 1985, when Japan Tobacco, Inc.

3496-478: The Legal Affairs Bureau in the jurisdiction where the company will have its head office. In a direct incorporation, each incorporator receives a specified amount of stock as designated in the articles of incorporation. Each incorporator must then promptly pay its share of the starting capital of the company, and if no directors have been designated in the articles of incorporation, meet to determine

3588-411: The Ministry of Finance. Under the new Company Law, public and other non-close K.K.s may either have a statutory auditor, or a nominating committee ( 指名委員会 , shimei-iin-kai ) , auditing committee ( 監査委員会 , kansa-iin-kai ) and compensation committee ( 報酬委員会 , hōshū-iin kai ) structure similar to that of American public corporations. If the company has an auditing committee, it

3680-532: The Philippines ' Mighty Corporation for $ 936 million. In 2018, JT acquired Donskoy Tabak corporation , Russia's fourth largest cigarette manufacturer for $ 1.6 billion. There have been a number of Japanese court cases related to smoking, either directly or indirectly related to JT. A group of nonsmokers sued at the Tokyo District Court demanding that Japanese National Railways shinkansen (bullet trains) provide more non-smoking cars. The case

3772-541: The Wall Street Journal in August 2012 that the firm had continued to ship cigarettes to Syria until as recently as February 2012, almost a full year after the imposition of EU and US sanctions. The Journal cited Syrian dissident sources who claimed that the government of Syrian President Bashar al-Assad uses cigarettes as payment for the irregular military forces and militias, known as the shabeeha, who have had

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3864-445: The amateur gardener. Most seed companies or resellers that sell to retail produce a catalog, for seed to be sown the following spring, that is generally published during early winter. These catalogs are eagerly awaited by the amateur gardener, as during winter months there is little that can be done in the garden so this time can be spent planning the following year’s gardening. The largest collection of nursery and seed trade catalogs in

3956-763: The amount of damages being claimed, shareholders rarely had the motivation to sue on the company's behalf. In 1993, the Commercial Code was amended to reduce the filing fee for all shareholder derivative suits to ¥8,200 per claim. This led to a rise in the number of derivative suits heard by Japanese courts, from 31 pending cases in 1992 to 286 in 1999, and to a number of very high-profile shareholder actions, such as those against Daiwa Bank and Nomura Securities Agribusiness Studies of business growth and performance in farming have found successful agricultural businesses are cost-efficient internally and operate in favorable economic, political, and physical-organic environments. They are able to expand and make profits, improve

4048-554: The annual 2.3 trillion yen in [tobacco] tax revenue over the precious lives and health of the Japanese people". He also said the plaintiffs would appeal to the Supreme Court . In January 2005 plaintiffs Kenichi Morishita, Koreyoshi Takahashi, and Masanobu Mizuno filed a case in the Yokohama District Court against JT seeking ¥30 million in damages for smoking related illness. Morishita died of pneumonia while

4140-543: The benefit of farms , food, and agribusiness-related organizations. Agriculturists usually are designated in the government as public agriculturists serving as agriculture policymakers or technical advisors for policy making. Agriculturists can also provide technical advice for farmers and farm workers such as in making crop calendars and workflows to optimize farm production, tracing agricultural market channels, prescribing fertilizers and pesticides to avoid misuse , and in aligning for organic accreditation or

4232-529: The book " A Concept of Agribusiness ." "Agribusiness is the sum total of all operations involved in the manufacture and distribution of farm supplies; production operations on the farm; and the storage, processing, and distribution of farm commodities and items made from them." (Davis and Goldberg, 1956) Their book argued against the New Deal programs of then U.S. President Franklin Roosevelt as it led to

4324-485: The book " Agribusiness Management Resource Materials " (1971) which would be the foundation of current agribusiness programs around the world. In 1973, Drilon and Goldberg further expanded the concept of agribusiness to include support organizations such as governments , research institutions , schools, financial institutions, and cooperatives within the integrated Agribusiness System. Mark R. Edwards and Clifford J. Shultz II (2005) of Loyola University Chicago reframed

4416-425: The case was being fought, and JT used the same argument as in the 1998–2005 Tokyo case, that smokers were free to quit any time and that cancer and other illnesses had multiple causes. On 20 January 2010 the court clearly ruled that there was a link between smoking and lung cancer and respiratory illnesses, and said that smoking may be addictive. However, the court rejected the demand for damages, and said that

4508-579: The chairman is Hiroshi Kimura and the CEO is Mitsuomi Koizumi . Japan Tobacco is the successor entity to a nationalized tobacco monopoly first established by the Government of Japan in 1898 to secure tax revenue collections from tobacco leaf sales. In 1904, the government's leaf monopoly was extended completely to take over all tobacco business operations in the nation, including all manufactured tobacco products such as cigarettes. The ostensible reason for

4600-431: The cigarette market in Japan. Although tobacco consumption is declining, the Japanese remain heavy smokers, consuming an average of 1,800 cigarettes per capita in 2013, compared to about 1,000 per capita in the United States. In April 2012 it was announced that Mitsuomi Koizumi would become president, and president Hiroshi Kimura would become chairman of JT. and Chairman Yoji Wakui would retire. Wakui had previously been

4692-593: The concept of social entrepreneurship . The term value chain was first popularized in a book published in 1985 by Michael Porter , who used it to illustrate how companies could achieve what he called “competitive advantage” by adding value within their organization. Subsequently, the term was adopted for agricultural development purposes and has now become very much in vogue among those working in this field, with an increasing number of bilateral and multilateral aid organisations using it to guide their development interventions. An agricultural supply store or agrocenter

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4784-425: The decision-making power of the directors is relatively limited. As soon as a third director is designated such companies must form a board. At least one director is designated as a Representative Director ( 代表取締役 , daihyō-torishimariyaku ) , holds the corporate seal and is empowered to represent the company in transactions. The Representative Director must "report" to the board of directors every three months;

4876-528: The definition of agribusiness to emphasize its lack of focus on farm production but towards market centricity and innovative approach to serve consumers worldwide. "Agribusiness is a dynamic and systemic endeavor that serves consumers globally and locally through innovation and management of multiple value chains that deliver valued goods and services derived from sustainable orchestration of food, fiber and natural resources." (Edwards and Shultz, 2005) In 2012, Thomas L. Sporleder and Michael A. Boland defined

4968-415: The directors on the corporation's behalf is granted to the statutory auditor. Historically, derivative suits by shareholders were rare in Japan. Shareholders have been permitted to sue on the corporation's behalf since the postwar Americanization of the Commercial Code; however, this power was severely limited by the nature of court costs in Japan. Because the cost to file a civil action is proportional to

5060-618: The directors, one of whom generally has the title of president ( 社長 , sha-chō ) . The Japanese equivalent of a corporate vice president is a department chief ( 部長 , bu-chō ) . Traditionally, under the lifetime employment system, directors and department chiefs begin their careers as line employees of the company and work their way up the management hierarchy over time. This is not the case in most foreign-owned companies in Japan, and some native companies have also abandoned this system in recent years in favor of encouraging more lateral movement in management. Corporate officers often have

5152-763: The efficiency of farms and agribusiness enterprises as well as to ensure sustainability of natural and renewable resources. Primary food processing turns agricultural products, such as raw wheat kernels or livestock, into something that can eventually be eaten. This category includes ingredients that are produced by ancient processes such as drying , threshing , winnowing and milling grain, shelling nuts , and butchering animals for meat. It also includes deboning and cutting meat, freezing and smoking fish and meat, extracting and filtering oils, canning food, preserving food through food irradiation , and candling eggs , as well as homogenizing and pasteurizing milk . A farmers' market (or farmers market according to

5244-755: The establishment of the first undergraduate program in agribusiness in 1966 at the UP College of Agriculture in Los Baños, Philippines as Bachelor of Science in Agriculture major in Agribusiness. The program was initially a joint undertaking with the UP College of Business Administration in Diliman, Quezon City until 1975. Jose D. Drilon of the University of the Philippines then published

5336-417: The exact meaning of this statutory provision is unclear, but some legal scholars interpret it to mean that the board must meet every three months. In 2015, the requirement that at least one director and one Representative Director must be a resident of Japan was changed. It is not required to have a resident Representative Director although it can be convenient to do so. Directors are mandatories ( agents ) of

5428-411: The expansion of control was to help fund the 1904–1905 Russo-Japanese War , but because all foreign tobacco interests in Japan at the time were forcibly evicted under the monopolization scheme, this also protected the domestic tobacco business for the following eighty years. The business operated within the Japanese government as an arm of the nation's Japanese Ministry of Finance until 1949 when

5520-401: The farmhouse and agricultural buildings as well as the land. In modern times, the term has been extended so as to include such industrial operations as wind farms and fish farms , both of which can operate on land or at sea. There are about 570 million farms in the world, most of which are small and family-operated. Small farms with a land area of fewer than 2 hectares operate on about 12% of

5612-488: The field and distributed by overhead high-pressure water devices. Micro-irrigation is a system that distributes water under low pressure through a piped network and applies it as a small discharge to each plant. Micro-irrigation uses less pressure and water flow than sprinkler irrigation. Drip irrigation delivers water directly to the root zone of plants. Subirrigation has been used in field crops in areas with high water tables for many years. It involves artificially raising

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5704-404: The incorporator, and then make payment for his or her shares by a date specified by the incorporator(s). Capital must be received in a commercial bank account designated by the incorporator(s), and the bank must provide certification that payment has been made. Once the capital has been received and certified, the incorporation may be registered at the Legal Affairs Bureau. Under present law,

5796-408: The increase in agricultural prices. Davis and Goldberg favored corporate-driven agriculture or large-scale farming to revolutionize the agriculture sector, lessening the dependency on state power and politics. They explained in the book that vertically integrated firms within the agricultural value chains have the ability to control prices and where they are distributed. Goldberg then assisted in

5888-470: The initial directors and other officers. The other method is an "incorporation by offering," in which each incorporator becomes the stock underwriter of a specified number of shares (at least one each), and the other shares are offered to other investors. As in a direct incorporation, the incorporators must then hold an organizational meeting to appoint the initial directors and other officers. Any person wishing to receive shares must submit an application to

5980-453: The largest cigarette producer in Sudan and South Sudan as part of an effort to expand sales in the war-torn region, which has emerged as an entrepot for cigarette smuggling . Kabushiki gaisha A kabushiki gaisha ( Japanese : 株式会社 , pronounced [kabɯɕi̥ki ɡaꜜiɕa] ; lit.   ' share company ' ) or kabushiki kaisha , commonly abbreviated K.K. or KK ,

6072-745: The largest dairy company in the US, Amul , the largest food product marketing organization in India and Zen-Noah , a federation of agricultural cooperatives that handles 70% of the sales of chemical fertilizers in Japan. The Food and Agriculture Organization of the United Nations (FAO) is a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security . Its Latin motto, fiat panis , translates to "let there be bread". It

6164-437: The legal title of shihainin , which makes them authorized representatives of the corporation at a particular place of business, in addition to a common-use title. Kabushiki gaisha are subject to double taxation of profits and dividends, as are corporations in most countries. In contrast to many other countries, however, Japan also levies double taxes on close corporations ( yugen gaisha and gōdō gaisha ). This makes taxation

6256-658: The local culture and economy. The size of the market may be just a few stalls or it may be as large as several city blocks. Due to their nature, they tend to be less rigidly regulated than retail produce shops. Agricultural extension is the application of scientific research and new knowledge to agricultural practices through farmer education . The field of 'extension' now encompasses a wider range of communication and learning activities organized for rural people by educators from different disciplines, including agriculture , agricultural marketing , health , and business studies . Extension practitioners can be found throughout

6348-531: The national agricultural quality standards . Studies of agribusiness often come from the academic fields of agricultural economics and management studies , sometimes called agribusiness management. To promote more development of food economies, many government agencies support the research and publication of economic studies and reports exploring agribusiness and agribusiness practices. Some of these studies are on foods produced for export and are derived from agencies focused on food exports. These agencies include

6440-422: The old Commercial Code, a K.K. required starting capital of ¥10 million (about US$ 105,000); a lower capital requirement was later instituted, but corporations with under ¥3 million in assets were barred from issuing dividends , and companies were required to increase their capital to ¥10 million within five years of formation. The main steps in incorporation are the following: The incorporation of

6532-750: The pharmaceutical research institute in 1993 and making a full-scale entry into the food and beverage industry in 1998. In 2008, it acquired the food manufacturer Katokichi, now TableMark, as a wholly-owned subsidiary, integrating its food business. It is part of the Nikkei 225 and TOPIX Large70 indices. In 2009 the company was listed at number 312 on the Fortune 500 list. The company is headquartered in Toranomon , Minato, Tokyo , and Japan Tobacco International's headquarters are in Geneva , Switzerland. As of 2012

6624-530: The plaintiffs had smoked of their own free will and that there was no proof that smoking had directly caused their sicknesses. JTI runs a series of posters designed to educate smokers about smoking etiquette. They can be seen widely around Japan, especially located near train stations. Poster gallery Archived 16 July 2011 at the Wayback Machine In 2008, Japan Tobacco had health issues involving their company: Contaminated gyoza dumplings made by

6716-611: The police are investigating for an attempted homicide. The dumplings were from China, but Japan Tobacco has said it does not plan to cease its manufacturing in China. Frozen food sales went down by 60% for the business since this health scare. Japan Tobacco's stock price fell 7.1% after they were forced to recall their products, and the company also lost a $ 500 million merger deal with Nissin Foods because of this incident. Japan Tobacco Inc, through its international operating divisions JT International S.A. and JT International Holding BV, signed

6808-427: The primary objective of producing food and other crops; it is the basic facility in food production. The name is used for specialized units such as arable farms , vegetable farms, fruit farms, dairy, pig and poultry farms, and land used for the production of natural fiber , biofuel , and other commodities . It includes ranches, feedlots , orchards, plantations and estates, smallholdings, and hobby farms, and includes

6900-571: The productivity of land , labor , and capital , and keep their costs down to ensure market price competitiveness. Agribusiness is not limited to farming. It encompasses a broader spectrum through the agribusiness system which includes input supplies, value-addition , marketing , entrepreneurship , microfinancing , and agricultural extension . In some countries like the Philippines , creation and management of agribusiness enterprises require consultation with registered agriculturists above

6992-421: The removal of surface and sub-surface water from a given location, is often studied in conjunction with irrigation. There are several methods of irrigation that differ in how water is supplied to plants. Surface irrigation , also known as gravity irrigation, is the oldest form of irrigation and has been in use for thousands of years. In sprinkler irrigation , water is piped to one or more central locations within

7084-469: The responsibility of agribusiness to be environmentally and socially conscious towards sustainability . "Agribusiness is the interrelated and interdependent industries in agriculture that supply, process, distribute, and support the products of agriculture." (Goldberg, 2017) Some agribusinesses have adopted the triple bottom line framework such as aligning for fair trade , organic , good agricultural practices , and B-corporation certifications towards

7176-732: The shareholders, and the Representative Director is a mandatory of the board. Any action outside of these mandates is considered a breach of mandatory duty. Every K.K. with multiple directors must have at least one statutory auditor ( 監査役 , kansayaku ) . Statutory auditors report to the shareholders, and are empowered to demand financial and operational reports from the directors. K.K.s with capital of over ¥500m, liabilities of over ¥2bn and/or publicly traded securities are required to have three statutory auditors, and must also have an annual audit performed by an outside CPA . Public K.K.s must also file securities law reports with

7268-401: The two are not precisely the same. The Japanese government once endorsed "business corporation" as an official translation but now uses the more literal translation "stock company." Japanese often abbreviate " 株式会社 " in a company name on signage (including the sides of their vehicles) to 株 in parentheses , as, for example, " ABC㈱ ." The full, formal name would then be " ABC株式会社 ". 株式会社

7360-443: The unique economic characteristics of agribusiness supply chains from industrial manufacturing and service supply chains. They have identified seven main characteristics: In 2017, noting the rise of genetic engineering and biotechnology in agriculture, Goldberg further expanded the definition of agribusiness which covers all the interdependent aspects of the food system including medicine, nutrition, and health. He also emphasized

7452-404: The water table to moisten the soil below the root zone of plants. Irrigation water can come from groundwater (extracted from springs or by using wells ), from surface water (withdrawn from rivers , lakes or reservoirs ) or from non-conventional sources like treated wastewater , desalinated water , drainage water , or fog collection . Irrigation can be supplementary to rainfall , which

7544-459: The world's agricultural land, and family farms comprise about 75% of the world's agricultural land. Agricultural engineering , also known as agricultural and biosystems engineering, is the field of study and application of engineering science and designs principles for agriculture purposes, combining the various disciplines of mechanical , civil , electrical , food science , environmental , software , and chemical engineering to improve

7636-697: The world, usually working for government agencies. They are represented by several professional organizations, networks and extension journals. An agricultural cooperative , also known as a farmers' co-op, is a producer cooperative in which farmers pool their resources in certain areas of activities. A broad typology of agricultural cooperatives distinguishes between agricultural service cooperatives, which provide various services to their individually-farming members, and agricultural production cooperatives in which production resources (land, machinery) are pooled and members farm jointly. Notable examples of agricultural cooperatives include Dairy Farmers Of America ,

7728-449: The world. Irrigation helps to grow crops, maintain landscapes, and revegetate disturbed soils in dry areas and during times of below-average rainfall. In addition to these uses, irrigation is also employed to protect crops from frost , suppress weed growth in grain fields, and prevent soil consolidation . It is also used to cool livestock , reduce dust , dispose of sewage , and support mining operations. Drainage , which involves

7820-532: Was announced that JT would buy the rights for Natural American Spirit outside the US for $ 5 billion. In August 2017, the company announced it would acquire the Indonesian Kretek producers Karyadibya Mahardhika and Surya Mustika Nusantara from Gudang Garam for $ 677 million. PT Karya Dibya Mahardhika has a main brand in Indonesia , Apache, Extreme Mild, & Minna International. After that,

7912-607: Was filed in 1980 and while the court recognized tobacco's health risks the 27 March 1987 ruling rejected the lawsuit on the basis that the plaintiffs had failed to prove their harm to be "beyond the limits of toleration". In 1998 seven plaintiffs represented by lawyer Yoshio Isayama sued JT at the Tokyo District Court for ¥70 million compensation (¥10 million per plaintiff) for health damage caused by smoking JT cigarettes. While similar cases had been filed in Nagoya , this

8004-547: Was formed as a publicly traded stock company. Periodic incremental sales of share to the public began in October 1994. Japan Tobacco became two-thirds owned by the Japanese Ministry of Finance in June 2003, and the ministry continued to own 50% until March 2013. It was announced in May 2012 that the government would sell one-sixth of the company's outstanding shares to raise ¥500 billion to finance reconstruction from

8096-652: Was founded on 16 October 1945. The FAO comprises 195 members, including 194 countries and the European Union . Its headquarters is in Rome , Italy, and it maintains regional and field offices worldwide, operating in over 130 countries. It helps governments and development agencies coordinate their activities to improve and develop agriculture, forestry , fisheries , and land and water resources . It also conducts research, provides technical assistance to projects, operates educational and training programs, and collects agricultural output, production, and development data. The FAO

8188-632: Was highly addictive. Isayama said that the group would appeal the decision to the Tokyo High Court . On 22 June 2005 the Tokyo High Court dismissed the case; by that time brought by only six plaintiffs. Three of the plaintiffs had died during the course of the case. Judge Toshinobu Akiyama said he agreed with the District Court decision. Jun Araki, the son of one of the deceased plaintiffs, said: "This ruling placed priority on

8280-604: Was planned to be completed by March 2016. JT also planned to consolidate 25 branch offices into 15 regional headquarters, and close leaf-processing and vending machine operations. Japan Tobacco also operates in foods, pharmaceuticals, agribusiness , engineering, and real estate. It left the beverage industry in September 2015. As part of the company's pharma activities, it divested a compound collection of potassium channel inhibitors to Metrion Biosciences in 2018. JT International (JTI) , acquired in 1999 from R.J. Reynolds ,

8372-632: Was the Dai-Ichi Bank , incorporated in 1873. Rules regarding kabushiki gaisha were set out in the Commercial Code of Japan , and was originally based on laws regulating German Aktiengesellschaft (which also means share company). However, during the United States-led Allied Occupation of Japan following World War II, the occupation authorities introduced revisions to the Commercial Code based on

8464-463: Was the first such case in Tokyo. In addition to financial compensation, the plaintiffs also demanded: The plaintiffs' case was dismissed by the district court on 21 October 2003. The court agreed with the 1980s ruling that tobacco had health risks, but said that there was no causal link between the smoking habits and the specific diseases of plaintiffs. In addition, Judge Kikuo Asaka denied that nicotine

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