Fuji Media Holdings reported a net loss of 20.1 billion yen for the fiscal year ending March 2025, attributed to a prolonged decline in advertising revenue linked to a sexual misconduct controversy involving former talent Masahiro Nakai. Nakai's side has submitted a rebuttal to Fuji TV's third-party committee, which had recognized the misconduct. Fuji's president, Kenji Shimizu, stated that the investigation was independent and declined to comment on the rebuttal. The company also rejected a personnel proposal from a major shareholder investment fund, raising the possibility of a proxy fight at the upcoming June shareholders' meeting. Meanwhile, several major Japanese corporations announced share buyback programs: Dai-ichi Life set a 100 billion yen limit with a dividend payout ratio increase to over 45%; Wacoal Holdings authorized buybacks up to 28.5 billion yen, representing 11.23% of outstanding shares; Mizuho Financial Group forecast a 6% net income increase to 940 billion yen despite a 110 billion yen tariff impact and plans to repurchase up to 100 billion yen of shares; Mitsubishi UFJ Financial Group (MUFG) posted a record annual profit despite a 41% drop in Q4 net income to 114 billion yen, expects full-year net income of 2 trillion yen, and announced a 250 billion yen share buyback capped at 1.52% of shares outstanding; Japan Post Holdings reported a 38% net profit increase but its subsidiary Japan Post recorded an 8-year high loss, prompting Japan Post to inject an additional 600 billion yen capital into the subsidiary. Sumitomo Mitsui Financial Group is preparing for the ongoing trade tensions under U.S. President Donald Trump's tariffs while forecasting another year of record profits. Separately, Nippon Steel opposed a shareholder proposal from an activist investor and introduced a new stock compensation plan. Additionally, an investment fund acquired over 5% of shares in the holding company of Ikeda Senshu Bank.