Suntory CEO Takeshi Niinami Resigns Amid THC Investigation

Takeshi Niinami, the chairman and CEO of Suntory Holdings, has resigned following allegations that he purchased products containing THC, the psychoactive component of cannabis. The company confirmed his resignation on September 1, 2023, stating that it took effect immediately.

Niinami, aged 66, is a well-known figure in Japan’s business landscape and has represented corporate Japan on numerous platforms, including appearances on CNN. According to reports, investigators searched his home in Tokyo amid suspicions that he received cannabis-derived products from an acquaintance overseas. Public broadcaster NHK cited investigative officials who confirmed 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 revealed that Niinami had informed colleagues about the police investigation on August 22, 2023. He expressed his belief that the supplements he purchased were legal. Following the investigation’s developments, Niinami offered to resign, citing personal reasons.

The possession, sale, or import of THC-containing substances is prohibited in Japan, with possession alone potentially leading to a prison sentence of up to seven years. Trafficking or smuggling carries even harsher penalties, as the country does not differentiate between recreational and medical use of cannabis.

Niinami’s resignation marks a significant shift for Suntory, one of Japan’s most recognized beverages brands, known for its beer, whisky, and energy drinks. Prior to his role at Suntory, Niinami served as the CEO of convenience store chain Lawson, becoming the first outsider to lead the family-founded beverage giant. His business acumen has led him to be an economic adviser to several Japanese prime ministers.

In December 2022, Suntory promoted Torii to president, returning control of the company to its founding family while Niinami retained his roles as chairman and CEO until now.

As the company navigates this unexpected leadership change, the implications of Niinami’s resignation will likely resonate throughout Japan’s corporate sector, especially given his high-profile status and the ongoing scrutiny surrounding the investigation. CNN has reached out to both Suntory and the Fukuoka Prefectural Police for further comments regarding this matter.