Seibu Railway shareholders OK plan to reorganize group operations

TOKOROZAWA, Japan - President Takashi Goto (C) and other management members of Seibu Railway Co. bow to shareholders at the beginning of an extraordinary shareholders general meeting in Tokorozawa, Saitama Prefecture, on Dec. 21. The meeting endorsed a plan to reorganize the company's group operations under a holding firm, a move that will end control of the railway and resort conglomerate by Kokudo Corp. and business tycoon Yoshiaki Tsutsumi, who has received a suspended prison term for insider trading and falsifying statements.

Sample
PDF Preview

Product Code
ILEA001112496

Registered date
2005/12/21 00:00:00

Credit
Kyodo / Kyodo News Images

Media source
2005 Kyodo News

Media size
1864 × 1167 pixel

Resolution
dpi

Deployment size
589.01(KB)*

Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

Seibu shareholders meeting

TOKOROZAWA, Japan - Combination photo shows Louis Foster (L), senior managing director of U.S. private equity fund Cerberus Capital Management LP, and Takashi Goto, president of Seibu Holdings Inc., speaking to reporters after Seibu's shareholders meeting in Tokorozawa, Saitama Prefecture, on June 25, 2013. Seibu shareholders voted down a slate of directors proposed by Cerberus, its largest stakeholder.

Seibu Railway shareholders OK plan to reorganize group operation

TOKOROZAWA, Japan - President Takashi Goto (C) and other management members of Seibu Railway Co. bow to shareholders at the beginning of an extraordinary shareholders general meeting in Tokorozawa, Saitama Prefecture, on Dec. 21. The meeting endorsed a plan to reorganize the company's group operations under a holding firm, a move that will end control of the railway and resort conglomerate by Kokudo Corp. and business tycoon Yoshiaki Tsutsumi, who has received a suspended prison term for insider trading and falsifying statements. (Kyodo)

2 Tsutsumi brothers to launch bid for Seibu Railway

TOKYO, Japan - Seiji Tsutsumi (L) and Yuji Tsutsumi, the two members of the Seibu group founding family will offer to buy Seibu Railway Co. in a bid to thwart efforts by Takashi Goto, the current president of the railway firm, to move the group toward a holding company structure, sources close to the matter said on Oct. 31. Goto is working with Yoshiaki Tsutsumi, former chairman of Kokudo Corp., to restructure the Seibu group.

Seibu group to set up holding company for reconstruction

TOKYO, Japan - Seibu Railway Co. President Takashi Goto (L) speaks at a press conference in a Tokyo hotel on Aug. 10. He said the Seibu group has chosen to reconstruct itself under a holding company, deviating from an earlier plan for the railway firm to absorb other key group members.

(2)Tsutsumi admits role in false stock reports, insider trading

TOKYO, Japan - Yoshiaki Tsutsumi, former chairman of Kokudo Corp. and Seibu Railway Co., returns to his home in the town of Ninomiya, Kanagawa Prefecture, on June 16 after the first hearing of his trial at the Tokyo District Court. (Kyodo)

Tsutsumi admits role in false stock reports, insider trading

TOKYO, Japan - Yoshiaki Tsutsumi, former chairman of Kokudo Corp. and Seibu Railway Co., enters the Tokyo District Court on June 16. He admitted his involvement in falsifying financial statements on shareholdings of Seibu Railway and insider trading in the first hearing of his trial. (Kyodo)

(4)Business tycoon Tsutsumi arrested in Seibu share scam

TOKYO, Japan - A vehicle carrying former Kokudo Corp. Chairman Yoshiaki Tsutsumi enters the Tokyo Detention House on March 3. Tsutsumi, once listed by Forbes magazine as the world's richest man, was arrested for his alleged involvement in falsifying financial statements on shareholdings in Seibu Railway Co. and insider trading.

(2)Business tycoon Tsutsumi arrested in Seibu share scam

TOKOROZAWA, Japan - Prosecutors enter the headquarters of Kokudo Corp. in Tokorozawa, Saitama Prefecture near Tokyo on March 3. The company was searched in connection with former Chairman Yoshiaki Tsutsumi's alleged involvement in falsifying financial statements on shareholdings in Seibu Railway Co. and insider trading. Tsutsumi was arrested.

(3)Business tycoon Tsutsumi arrested in Seibu share scam

TOKYO, Japan - Prosecutors raid the head office of Seibu Railway Co. (R) and the building that houses the headquarters of Kokudo Corp. in Tokorozawa, Saitama Prefecture near Tokyo on March. 3. The two firms were raided over former Kokudo Chairman Yoshiaki Tsustumi's alleged involvement in falsifying financial statements on shareholdings in the railway operator and insider trading. Tsutsumi was arrested.