Suntory CEO Takeshi Niinami Resigns Amid THC Allegations
Takeshi Niinami, the chairman and CEO of Suntory Holdings, has resigned following allegations related to his purchase of products containing THC, the psychoactive component of cannabis. The company confirmed his resignation on September 1, 2023, after Niinami, aged 66, informed colleagues of a police investigation into the matter on August 22, 2023.
Niinami is recognized as one of Japan’s most influential business leaders and has frequently represented corporate Japan in international media, including appearances on CNN. Reports indicate that investigators searched his Tokyo residence as part of the inquiry, suspecting he received cannabis-derived products from an acquaintance abroad. The public broadcaster NHK cited investigative officials who noted that police are examining whether Niinami was aware that THC is strictly regulated in Japan.
During a press conference, Suntory President Nobuhiro Torii and Vice President Kenji Yamada stated that Niinami believed the supplements he purchased were legal. They emphasized that the company accepted his resignation due to personal reasons but acknowledged the serious nature of the allegations.
The legal framework surrounding cannabis in Japan is stringent. Possession, sale, or importation of THC-containing substances is prohibited, with violations potentially leading to prison sentences of up to seven years. The country does not differentiate between recreational and medical use of cannabis, underscoring the gravity of Niinami’s situation.
Niinami has been a prominent figure in both business and politics, having served as an economic adviser to multiple Japanese prime ministers. Before his tenure at Suntory, he was the chief executive of Lawson, a convenience store chain, marking a significant shift as the first outsider to lead the historically family-run beverage giant.
In December 2022, Suntory appointed Torii as president, thus returning control of the company to its founding family while Niinami retained his positions as chairman and CEO. The resignation of such a high-profile leader raises questions about the impact on Suntory, one of Japan’s most recognized brands, known for its extensive portfolio that includes beer, whisky, and energy drinks.
As the investigation unfolds, Suntory has not yet released further comments. The Fukuoka Prefectural Police have been contacted for additional insights but have not provided any statements at this time. The outcome of this situation could significantly influence the company’s reputation and market standing in Japan and beyond.
