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The Mainichi
19-06-2025
- Business
- The Mainichi
"NTT" to become telecom giant's official company name in July
TOKYO (Kyodo) -- Japan's largest telecommunications provider, Nippon Telegraph and Telephone Corp., will change its official name to NTT Inc. on July 1 after shareholders approved the switch to the commonly used abbreviation on Thursday. Noting the decades-old name no longer accurately reflects its contemporary areas of operation, which range from information and communication technology to real estate, Senior Executive Vice President Takashi Hiroi said the change will "enhance our brand as a leading global company." The company said it will continue to use the signature "Dynamic Loop" design as its corporate logo. The original name has been in use since NTT was established as a public corporation in 1952. It continued to be used through its privatization in 1985. The name change became possible with the amendment of the Nippon Telegraph and Telephone Corporation Act last year, which loosened regulations on the company that has long provided vital public services.
29-05-2025
- Business
NTT, SBI Eye Biz, Capital Tie-Up
News from Japan Economy May 29, 2025 15:55 (JST) Tokyo, May 29 (Jiji Press)--Nippon Telegraph and Telephone Corp. and online financial group SBI Holdings Inc. plan to forge a business and capital tie-up, it was learned Thursday. NTT will acquire new SBI Holdings shares to be issued in a third-party allotment program. Through the anticipated alliance, the two sides hope to work together to merge the two worlds of telecommunications and finance. As part of the tie-up, mobile phone carrier NTT Docomo Inc., an NTT subsidiary, is expected to make SBI Holdings' online lending arm, SBI Sumishin Net Bank, a consolidated subsidiary. NTT Docomo hopes to take around two-thirds of SBI Sumishin's shares through a tender offer, in order to enter the banking industry. [Copyright The Jiji Press, Ltd.] Jiji Press
Japan Today
05-05-2025
- Business
- Japan Today
Over half of major Japanese firms not using AI in hiring: survey
More than half of major Japanese companies do not use artificial intelligence in recruiting fresh graduates, a recent Kyodo News survey showed, highlighting a cautious stance toward relying on AI for hiring despite its growing use in the workplace. Of the 117 companies surveyed across various industries, including Mitsubishi Heavy Industries Ltd. and Nippon Telegraph and Telephone Corp., 64 said they do not use AI in recruitment, while 36 reported using it in some form, with 19 citing application form analysis as the most common use. Seven companies said they use the technology to analyze online interviews, while others employ it in supplementary roles such as transcribing interviews or responding to applicant inquiries. No companies said they used AI to assess in-person interviews. The survey, to which companies responded between mid-March and early April, also found concerns about potential biases in AI-based assessments and doubts over the technology's ability to accurately evaluate student abilities. Some also said relying on AI that is trained on a company's own hiring data could "undermine diversity," while others placed importance on direct communication between recruiters and candidates. Among companies proactive in using AI, many said the technology can enhance fairness in the screening process by reducing reliance on individual decisions, starkly contrasting to firms concerned that AI could introduce its own biases. Overreliance on AI has been identified as a risk in guidelines presented by the Japanese government in March, which stated that entrusting it with important decisions, such as recruitment, was "inappropriate." Of the 36 companies using AI in their screening process, 32 said they were mindful of these guidelines, suggesting a careful approach to using the technology in their final decision. Meanwhile, 17 companies did not provide a clear response on their AI usage in hiring. © KYODO
