Toa Steel decides to liquidate

Toa Steel decides to liquidate

Satoru Nomura, president of Toa Steel Co., Japan's second-largest electric-furnace steelmaker, makes a bow at a news conference Thursday Sept. 3 after announcing a decision to liquidate the company and hand over most of its assets, operations and workers to a company to be set up by its parent NKK Corp. The company's total liabilities are estimated to eclipse its combined assets by 46 billion yen.

  • Product Code
  • ILEA000000614
  • Registered date
  • 1998/9/04 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • Media size
  • 1618 × 1207 pixel
  • Resolution
  • 0 dpi
  • Deployment size
  • 269.42(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Nissan to take 34% stake in Mitsubishi Motors

    YOKOHAMA, May 12 Kyodo - Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn (L) and Mitsubishi Motors Corp. Chairman Osamu Masuko shake hands following a press conference in Yokohama on May 12, 2016. The two companies said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker.
      Sony unveils digital music player capable of displaying lyrics

      Sony unveils digital music player capable of displaying lyrics

      TOKYO, Japan - Sony Corp. President Howard Stringer shows off in Tokyo on Sept. 16, 2009, one of 12 new models of the company's Walkman portable digital music player capable of displaying the lyrics of songs downloaded from online music libraries. He said at a news conference that the new Walkman players will help the company beat rivals in Sony's ''home ground'' of Japan and pave the way for Sony to secure a greater share of the global market, currently dominated by iPod music players produced by Apple Inc. of the United States. (Kyodo)
        8 Nippon Shinpan officials, 1 racketeer nabbed

        8 Nippon Shinpan officials, 1 racketeer nabbed

        TOKYO, Japan - Yoji Yamada (R), president of Nippon Shinpan Co., bows at a press conference at the company's head office in Tokyo on Nov. 16 to apologize for the arrests of eight senior company officials who are suspected of giving 28 million yen to a racketeer. (Kyodo)
          Bridgestone says ending Ford tire sales 'wrenching decision'

          Bridgestone says ending Ford tire sales 'wrenching decision'

          TOKYO, Japan - Shigeo Watanabe, president of Bridgestone Corp., meets the press at the company's head office in Tokyo's Chuo Ward on May 22, a day after its U.S. unit, Bridgestone/Firestone, announced it would end almost 100 years of supplying tires to Ford Motor Co.
            Kawasaki, NKK to integrate operations in 2002

            Kawasaki, NKK to integrate operations in 2002

            TOKYO, Japan - Yoichi Shimogaichi (L), president of NKK Corp., Japan's second-largest steelmaker, and Kanji Emoto, president of Kawasaki Steel Corp., ranking third, shake hands at a news conference in a Tokyo hotel on April 13. They announced that the two companies have agreed to integrate their operations in October 2002 under a joint holding company.
              (1)New banks, nonlife insurers kick off operations

              (1)New banks, nonlife insurers kick off operations

              TOKYO, Japan - Hideo Ogasawara, president of UFJ Holding Inc., a holding firm of Sanwa Bank, Tokai Bank and Toyo Trust & Banking Co., speaks at the company's opening ceremony in Tokyo on April 2. Three new megabank groups -- Sumitomo Mitsui Banking Corp., formed by the merger of Sumitomo Bank and Sakura Bank, Mitsubishi Tokyo Financial Group Inc., a merged body of the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Co. and Nippon Trust Bank, as well as UFJ Holdings Inc. -- began operations the same day.
                Half-price hamburgers beef up McDonald's sales+

                Half-price hamburgers beef up McDonald's sales+

                TOKYO, Feb. 28 Kyodo - Den Fujita, president of McDonald's Co. (Japan), beams with joy at a news conference in Tokyo on Feb. 28. The Japanese unit of fast-food giant McDonald's Corp. of the United States said half-priced hamburgers boosted earnings last year, with its sales for 2000 expanding 9.3% on the year to a record high of 431.1 billion yen for the seventh straight yearly rise.
                  Half-price hamburgers beef up McDonald's sales+

                  Half-price hamburgers beef up McDonald's sales+

                  TOKYO, Feb. 28 Kyodo - Den Fujita, president of McDonald's Co. (Japan), beams with joy at a news conference in Tokyo on Feb. 28. The Japanese unit of fast-food giant McDonald's Corp. of the United States said half-priced hamburgers boosted earnings last year, with its sales for 2000 expanding 9.3% on the year to a record high of 431.1 billion yen for the seventh straight yearly rise.
                    Kumagai Gumi wins informal OK from banks

                    Kumagai Gumi wins informal OK from banks

                    TOKYO, Japan - Kazutoshi Torigai, president of troubled construction firm Kumagai Gumi Co., tells a press conference in Tokyo on Dec. 28 that the company's creditor banks have informally approved a revision to its restructuring plan. Under the new plan, Kumagai Gumi will ask its 15 creditor banks to forgive 430 billion yen in loans, down from the 450 billion yen it had previously requested.
                      Tokyu Corp. to streamline group hotel operations

                      Tokyu Corp. to streamline group hotel operations

                      TOKYO, Japan - Flanked by Yozo Inagaki, president of Tokyu Hotel Chain Co., Tokyu Corp. President Shinobu Shimizu (R) speaks at a news conference Dec. 27. The leading railway firm said it will streamline the group's hotel business in a stock-swap deal that will make Tokyu Hotel Chain a wholly owned subsidiary.