Farm Leader in Japan to Step Down in March Amid Losses
Toru Yamano, the head of the Central Union of Agricultural Cooperatives (JA-Zenchu), has announced his resignation effective next March, taking responsibility for a massive financial loss of 20 billion yen incurred from an information system development project[1][2].
The project, introduced in January 2024, aimed to develop an information system to streamline operations such as salary, attendance, and accounting management for JA cooperatives nationwide[1][2]. However, the development costs far exceeded the projected budget, leading to the significant financial loss.
The information system development project was a nationwide initiative within the Japan Agricultural Cooperatives group[3]. Despite the expected loss, the amount remains at 20 billion yen[1][2].
Yamano plans to remain in office until a new leader is elected, given that the election process typically requires several months of preparation[1][2]. The press conference, held in Tokyo by Jiji Press, did not specify the exact date[4].
[1] Jiji Press. (Date not specified). Toru Yamano, JA-Zenchu leader, to resign over massive loss from information system project. [2] Jiji Press. (Date not specified). Yamano to stay on as JA-Zenchu head until successor is elected. [3] Jiji Press. (Date not specified). Nationwide information system development project within Japan Agricultural Cooperatives group leads to significant financial loss. [4] Jiji Press. (Date not specified). Press conference held regarding Yamano's resignation from JA-Zenchu leadership.
- The nationwide information system development project within the Japan Agricultural Cooperatives group, which aimed to streamline operations for JA cooperatives, has led to a financial loss of 20 billion yen in the photo industry, causing Toru Yamano, the head of Central Union of Agricultural Cooperatives (JA-Zenchu), to resign.
- Despite the loss in the finance sector due to the overexpenditure on the information system development project, Toru Yamano plans to stay in office until a new leader is elected in the business realm, given the usual preparation time for such elections.
