Built for Gen Z. Backed by a Football Dynasty.

This brand's not Nike-and that's the point. It's fast, tech-driven, and built for viral drops. Now, it has equity backing from one of college sports' most iconic names.

Top Japanese beverage giant Suntory's chief resigns as he faces a drug probe

YURI KAGEYAMA
September 02, 2025

TOKYO (AP) -- Takeshi Niinami, chief executive of Japan's major beverage maker Suntory, resigned Tuesday to take responsibility for being under investigation for alleged possession of an illegal drug.

Suntory Holdings President Nobuhiro Torii, who is from the company's founding family, told reporters the company had accepted Niinami's resignation.

Torii was vague about details such as the type of allegedly illegal drug, saying the case was still under investigation.

Niinami, 66, is an prominent business leader who is credited with guiding strong growth at Suntory, which makes whisky, beer and non-alcoholic beverages. He became the company's chief executive in 2014, and has won respect across the industry for his prominent role in lobbies that represent industry to the government.

"He was a dynamic and decisive leader whom I respect greatly. During a decade of his leadership, both profits and sales grew dynamically," Torii told reporters.

It was unclear who would take Niinami's place. Torii said he was already in a leadership role alongside Niinami and would take full responsibility for the business, including its overseas operations.

Torii said Niinami had contributed greatly to the company over the years, but that the resignation was inevitable because of "governance issues."

It is common in Japan for people who cause embarrassment for a group to give up their posts. Japan's culture stresses accountability and avoidance of shame.

"Regardless of whether he is found innocent or guilty, we feel he is not fit for the job," Vice President Kenji Yamada told reporters.

Torii and Yamada said the alleged drug in question might have been a "supplement" that Niinami acquired personally. Suntory, founded in 1899, is well known for whisky and soft drinks, but also makes supplements.

They quoted Niinami as saying he didn't know the supplement was illegal. The police probe started last month, they said, while declining to give other details.

The company's announcement came after markets closed. Suntory's shares traded in Tokyo gained 2.9% on Tuesday.

___

Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama

Continue Reading...

Popular

Bill Ackman Has 70% Of His Portfolio Invested In These 5 Stocks: Here's What Q2 13F Filings Show

Discover how Bill Ackman invested ~70% of his $13.7M portfolio in 5 stocks like UBER & AMZN per Q2 2025 13F filings. Explore top holdings now!

When Alabama Wins, This Nasdaq Brand Wins Too - Ad

With equity in the brand and athletes pushing viral drops, the University of Alabama is betting on more than just football wins. This company built the tech-and got the team on board.

780,000 pressure washers are under recall after some consumers report explosions and impact injuries

NEW YORK (AP) — About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.

Warren Buffett's No.1 AI Stock Not Even on Nasdaq - Ad

It's not in the Mag 7. And most people have never heard its name. Yet billionaire Warren Buffett is buying millions of shares.

Bill Ackman Invests $1.27 Billion in Amazon, Adds To Google and More

Bill Ackman has made a hefty investment in Amazon, pouring in more than $1.27 billion within a span of three months.

RFK Jr's FINAL Warning For American Seniors - Ad

For years liberals have called RFK Jr a QUACK... an alarmist... and a conspiracy theorist. But now it appears he was right about a COVID lab leak... He was right about microplastics... And he was right about FDA corruption. Now, he's issued a terrifying new warning that Americans need to hear in 2025. Millions are in the crosshairs... And if you were born before Jan 1st, 1965, this affects you most of all.

Mystery surrounds $1.2 billion Army contract to build huge detention tent camp in Texas desert

WASHINGTON (AP) — When last month awarded a contract worth up to $1.2 billion to build and operate what it says will become , it didn’t turn to a large government contractor or even a firm that specializes in private prisons.

Epstein accuser Virginia Giuffre wrote a memoir. Months after her death, it's coming out

NEW YORK (AP) — A posthumous and “unsparing” memoir by one of most prominent accusers, will be published this fall, publishing house Alfred A. Knopf said Sunday.

TikTok + Touchdowns = Momentum - Ad

NIL deals and social media clout are now driving merch sales into the billions. One Nasdaq disruptor is first to align with a football dynasty and a commerce giant.

How To Earn $500 A Month From HP Stock Ahead Of Q3 Earnings

HP offers an annual dividend yield of 4.29%, or $1.16 a year. So, how can investors capitalize and pocket a regular $500 monthly?

Third Richest Woman In The World Eyes New York Giants Stake For Future Growth

One of the richest women in the world could have her eyes on more sports team ownership with a stake in the New York Giants.

Warren Buffett's Strangest AI Investment - Ad

He's been buying one little-known AI stock poised to boom before Sept 30.

Trump Says Discrimination Against American Tech Giants 'Must End' Now: Warns China And EU, 'Show Respect…Or Consider The Consequences'

The Trump administration is considering unprecedented visa sanctions on EU officials over the Digital Services Act, escalating U.S.-EU tensions with accusations that the law unfairly targets American tech companies and restricts free speech.

America Tapping into New "AI Energy" Starting Sept 30 at Midnight - Ad

It has enough power to fuel our economy for decades... with zero need for foreign oil. A small group of US stocks own the rights to it.

Jim Cramer Refuses To Chase Rally—Says 'We Sure Aren't Buying' Unless It's Discounted

Jim Cramer is sitting out the current market rally, citing excessive intervention, overbought conditions as key reasons to remain cautious.

Apple Plans Major iPhone Redesigns For Three Consecutive Years

Apple is gearing up for a significant overhaul of its iPhone lineup, with plans for major redesigns over the next three years.

Keep This Stock on Your Watchlist - Ad

They're a private company, but the same firms that backed Uber, eBay, and Venmo already invested in Pacaso. They've even reserved their Nasdaq stock ticker.

ConocoPhillips says it will lay off up to 25% of its workforce, impacting thousands of jobs

NEW YORK (AP) — Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to cut costs.

Missed Chatbots? Don't Miss AI Agents - Ad

Investors who rode C3.ai and SoundHound saw billions created overnight. The next wave? AI Agents. Acting, transacting, rewarding users, not just talking. $3B processed, 88% margins, launch in Q3 2025.

Trump administration asks Supreme Court to let him fire member of Federal Trade Commission

WASHINGTON (AP) — The Trump administration on Thursday asked the to let the president fire a member of the Federal Trade Commission, the latest in a string of emergency appeals over the president's removal power.

Beach on a budget: Greeks settle for day trips, priced out of iconic destinations

PORTO RAFTI, Greece (AP) — Bus coupon in hand, Diamantoula Vassiliou headed for the sea, determined to make the most of her brief beach excursion.

How to Hack a $1.3 Trillion Industry - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Led by former Zillow execs, their tech hacks a $1.3T market by letting buyers co-own homes worldwide. They've already earned $110M in gross profits and reserved the Nasdaq ticker PCSO.

Marjorie Taylor Greene Put Money In BlackRock's Bitcoin ETF This Year — Here's How Her Returns Stack Up Against Others In Congress

Rep. Marjorie Taylor Greene (R-Ga.) has added considerable Bitcoin (CRYPTO: BTC) exposure to her investment portfolio in 2025, making strategic purchases into iShares Bitcoin Trust ETF (NASDAQ:IBIT).

As summers grow deadlier, here's what to know about utility shutoffs

NEW YORK (AP) — As the cost of electricity outpaces inflation and summers grow deadlier, consumer advocates are sounding alarms about the risks to low-income people who can’t afford consistent air conditioning in dangerous temperatures.

Built for Gen Z. Backed by a Football Dynasty. - Ad

This brand's not Nike-and that's the point. It's fast, tech-driven, and built for viral drops. Now, it has equity backing from one of college sports' most iconic names.

A downturn in international travel to the U.S. may last beyond summer, experts warn

LAS VEGAS (AP) — For a few hopeful weeks this summer, a bright billboard on the major highway linking Toronto to New York greeted Canadian drivers with a simple message: "Buffalo Loves Canada.”

What to know about a large-scale immigration raid at a Georgia manufacturing plant

descended on a sprawling site where Hyundai manufactures electric vehicles in Georgia and detained 475 people, most of them South Korean nationals.

When Alabama Wins, This Nasdaq Brand Wins Too - Ad

With equity in the brand and athletes pushing viral drops, the University of Alabama is betting on more than just football wins. This company built the tech-and got the team on board.

Takeaways from a hunt for 'secret' fresh water under the North Atlantic seabed

ABOARD LIFTBOAT ROBERT, North Atlantic (AP) — It turns out the Continental Shelf has been holding a secret from the ages. Beneath the sea floor off the U.S. northeast lies an enormous reserve of fresh water whose existence was long unknown, then was suspected and now is confirmed.

What's Going On With Palantir Technologies Stock?

Shares of Palantir are trading lower Wednesday afternoon. The stock is continuing a recent pullback from all-time highs.

Warren Buffett's No.1 AI Stock Not Even on Nasdaq - Ad

It's not in the Mag 7. And most people have never heard its name. Yet billionaire Warren Buffett is buying millions of shares.

Israel launches a satellite to expand its surveillance capability throughout Middle East

JERUSALEM (AP) — Israel has launched a new spy satellite that defense officials described as a strategic cornerstone, saying it will strengthen their surveillance capacity across the Middle East in the years ahead.

RFK Jr's FINAL Warning For American Seniors - Ad

For years liberals have called RFK Jr a QUACK... an alarmist... and a conspiracy theorist. But now it appears he was right about a COVID lab leak... He was right about microplastics... And he was right about FDA corruption. Now, he's issued a terrifying new warning that Americans need to hear in 2025. Millions are in the crosshairs... And if you were born before Jan 1st, 1965, this affects you most of all.

Dell Struggles To Protect Margins As Supply Chain Costs Mount

Dell's revenue surged on strong AI server sales, but margin pressure from supply chain costs and aggressive pricing weighed on guidance.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service