Corporate Governance 2026

JAPAN Trends and Developments

Trends and Developments Contributed by: Yoshitaka Sakamoto, Tsunemichi Nakano, Hiroyuki Saga and Hiroshi Ogura Anderson Mori & Tomotsune

Anderson Mori & Tomotsune (AMT) is one of the largest full-service law firms in Japan, with more than 740 lawyers. It is headquartered in Tokyo with branch offices in Osaka and Nagoya, and overseas offices in Beijing, Shanghai, Singapore, Hanoi, Ho Chi Minh City, Bangkok and Brussels. AMT has also estab - lished associated firms in Jakarta, Hong Kong and London, and a Malaysian desk within a local law firm. The combined resources and network of AMT pro - vides an extraordinarily powerful value proposition

and has enabled the firm to advise on some of the largest and most complex cross-sector transactions. AMT regularly advises listed companies and inves - tors from the standpoint of corporate governance. Recently, the firm has also advised listed compa - nies on shareholder proposals, including the coun - termeasures available against proposals from activ - ist funds or disputing shareholders, and subsequent proxy fights.

Authors

Yoshitaka Sakamoto is a partner at Anderson Mori & Tomotsune and practises principally in the fields of M&A transactions and corporate matters, including corporate governance. His experience includes

Tsunemichi Nakano is a partner at Anderson Mori & Tomotsune, specialising in the area of corporate and M&A transactions, including cross-border matters. He acts for both Japanese clients and foreign

participation in the legislative revision of the Companies Act of Japan on secondment with the Civil Affairs Bureau of the Ministry of Justice from 2017 to 2019. Yoshitaka was admitted to the Japanese Bar in 2009 and the California Bar in 2019. His recent publications include “[SDGs/ESG] No Area of Business is Irrelevant to SDGs. Best Practice based on the Recent Discussion”, “Lawyers Guide Compliance × New World” (2022) and “Q&A on Practical Responses to the Revised Companies Act” (2021).

clients, and has extensive experience assisting the latter on a variety of corporate matters. Tsunemichi also took part in drafting the Corporate Governance Code on secondment to the Financial Services Agency in Japan from 2014 to 2015. He was admitted to the Japanese Bar in 2010. Tsunemichi’s recent publications include “Essential Points of Japan M&A Practice, 3rd Edition” (2025) and “Legal Issues in M&A Transactions for AI Businesses” (2025).

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