Yamazaki Baking to turn Fujiya into subsidiary by boosting stake

TOKYO, Japan - Yamazaki Baking Co. President Nobuhiro Iijima (R) speaks during a news conference in Tokyo on Nov. 7. Iijima said his company will raise its stake in Fujiya Co. from 35 percent to 51 percent to turn the struggling confectioner into a subsidiary in a fresh bid to help reconstruct Fujiya's scandal-battered business. At left is Fujiya President Yasufumi Sakurai.

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2008/11/07 00:00:00

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Kyodo / Kyodo News Images

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2008 Kyodo News

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