Fuji Media , rocked by a scandal that has gripped Japan, on Thursday slashed its annual net profit forecast by two-thirds citing a sharp drop in advertising revenue.

A Japanese tabloid that broke the news about alleged sexual harassment by a prominent TV host involving Fuji Media Holdings Inc, triggering a public outcry and spooking advertisers, has corrected a part of its story.

Leading Japanese media company accused of mishandling incident involving Masahiro Nakai and unidentified woman

A sex scandal involving famous Japanese TV host Masahiro Nakai and Fuji Television Network Inc. has exposed systemic governance and abuse issues among Japanese broadcasters, causing public disenchantment with the media industry that will likely be difficult to overcome.

Trading volume in Fuji Media Holdings Inc. shares surged 1,767% this week as a scandal prompted some investors to flee, while others piled in hoping the turmoil will usher in a management overhaul.

Japan's Fuji Media said on Monday its chairman and the head of its TV unit would step down immediately amidst a probe into alleged sexual misconduct

The Chairman and President of Japan’s Fuji TV have resigned over the handling of the sexual misconduct scandal involving TV presenter Masahiro Nakai. In a press conference held today, Fuji TV Chair Shuji Kano and Koichi Minato,

Japanese media are still failing to report sexual assault cases properly, a key figure in the country's nascent #MeToo movement told AFP in the wake of the scandal surrounding celebrity

The Japanese government said Thursday it has pulled advertisements from Fuji Television in the wake of sexual assault allegations lodged against its celebrity host, as the company slashed profit forecasts.