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DIC President Change Press Conference

DIC President Change Press Conference. From right to left: Naoshi Ikeda, President-Elect, currently Managing Executive Officer; Kaoru Ino, Chairman of the Board, currently Chairman of the Board=Date:October 30, 2023, Place:Tokyo

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DIC President Change Press Conference

DIC President Change Press Conference. Naoshi Ikeda, President-Elect, currently Managing Executive Officer=Date:October 30, 2023, Place:Tokyo

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DIC Corporation signage and logos

DIC Corporation signage and logos=Date:October 30, 2023, Place:Tokyo

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DIC Corporation signage and logos

DIC Corporation signage and logos=Date:October 30, 2023, Place:Tokyo

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DIC President Change Press Conference

DIC President Change Press Conference. From right to left: Naoshi Ikeda, President-Elect, currently Managing Executive Officer; Kaoru Ino, Chairman of the Board, currently Chairman of the Board=Date:October 30, 2023, Place:Tokyo

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DIC Corporation signage and logos

DIC Corporation signage and logos=Date:October 30, 2023, Place:Tokyo

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DIC Corporation signage and logos

DIC Corporation signage and logos=Date:October 30, 2023, Place:Tokyo

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DIC Corporation signage and logos

DIC Corporation signage and logos=Date:October 30, 2023, Place:Tokyo

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DIC signage and logos

DIC signage and logos=Date:July 12, 2023,Place:Tokyo

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Dubai investment fund shows interest in Japanese automakers

TOKYO, Japan - Anand Krishnan, chief operating officer of Dubai International Capital LLC, speaks during a news conference in Tokyo on Feb. 19. He said DIC, the United Arab Emirates government-affiliated investment fund, has a keen interest in acquiring shares in Japanese automakers and other companies with strengths in emerging markets.

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Gov't to pour 3.2 tril. yen into NCB before sale

TOKYO, Japan - Noboru Matsuda, head of the state-run Deposit Insurance Corp. (DIC), speaks at a news conference at his office Aug. 25. Under a scheme endorsed by the government earlier in the day, DIC will provide financial assistance to the nationalized Nippon Credit Bank (NCB), including the purchase of its bad loans, to help bolster the failed bank's capital base.

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Softbank signs NCB deal

TOKYO, Japan - Noboru Matsuda (L), head of the state-run Deposit Insurance Corp. (DIC), and Masayoshi Son (C), president of Internet investor Softbank Corp., sign documents on the purchase of failed Nippon Credit Bank (NCB) on June 30. Under he deal, the Softbank consortium will pay the government one billion yen for all outstanding NCB common shares and another 100 billion yen to bolster NCB's capital base.

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Gov't forgives part of Sogo's 200 bil. yen debts

TOKYO, Japan - (From L to R) Vice President Tadashi Natori and President Kyoichi Yamada of Sogo Co. bow their heads at a news conference June 30 after the state-run Deposit Insurance Corp. (DIC) announced it will purchase and forgive part of 200 billion yen in loans to the ailing department store operator.

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FRC inks accord to sell NCB to Softbank-led group

TOKYO, Japan - Tadayo Homma (L), next president of Nippon Credit Bank (NCB), joins hand with Shunsuke Takeda (2nd from L), vice president of leasing company Orix Corp., Softbank Corp. founder and President Masayoshi Son (3rd from L), and Tomochika Iwashita (R), managing director of Tokio Marine & Fire Insurance Co., at a Tokyo hotel on June 6 after the government's Financial Reconstruction Commission (FRC) and Deposit Insurance Corp. (DIC) signed a basic agreement earlier in the day to sell the nationalized NCB to the tripartite consortium led by Softbank.

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Gov't takes control of Niigata Chuo Bank

TOKYO, Japan - The government's Financial Reconstruction Commission puts failed Niigata Chuo Bank, a second-tier regional bank based in Niigata on the Sea of Japan coast, under its control Oct. 2. Lawyer Tetsuya Sunada, certificate accountant Koichi Matsumura and the DIC as administrators, responsible for the bank's administration, operations and asset management, the commission's chief Hakuo Yanagisawa told a press conference.

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Dubai investment fund shows interest in Japanese automakers

TOKYO, Japan - Anand Krishnan, chief operating officer of Dubai International Capital LLC, speaks during a news conference in Tokyo on Feb. 19. He said DIC, the United Arab Emirates government-affiliated investment fund, has a keen interest in acquiring shares in Japanese automakers and other companies with strengths in emerging markets. (Kyodo)

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Gov't to pour 3.2 tril. yen into NCB before sale

TOKYO, Japan - Noboru Matsuda, head of the state-run Deposit Insurance Corp. (DIC), speaks at a news conference at his office Aug. 25. Under a scheme endorsed by the government earlier in the day, DIC will provide financial assistance to the nationalized Nippon Credit Bank (NCB), including the purchase of its bad loans, to help bolster the failed bank's capital base.

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Fire at chemical plant in Japan

People watch black smoke rise after a fire broke out at a chemical plant of DIC Co. in Ina, Saitama Prefecture, near Tokyo, on Aug. 3, 2019. No one was reported injured. (Kyodo) ==Kyodo

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Fire at chemical plant in Japan

People watch black smoke rise after a fire broke out at a chemical plant of DIC Co. in Ina, Saitama Prefecture, near Tokyo, on Aug. 3, 2019. No one was reported injured. (Kyodo) ==Kyodo

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Fire at chemical plant in Japan

People watch black smoke rise after a fire broke out at a chemical plant of DIC Co. in Ina, Saitama Prefecture, near Tokyo, on Aug. 3, 2019. No one was reported injured. (Kyodo) ==Kyodo

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Fire at chemical plant in Japan

People watch black smoke rise after a fire broke out at a chemical plant of DIC Co. in Ina, Saitama Prefecture, near Tokyo, on Aug. 3, 2019. No one was reported injured. (Kyodo) ==Kyodo

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Fire at chemical plant in Japan

Black smoke rises after a fire broke out at a chemical plant of DIC Co. in Ina, Saitama Prefecture, near Tokyo, on Aug. 3, 2019. No one was reported injured. (Kyodo) ==Kyodo

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Fire at chemical plant in Japan

Black smoke rises after a fire broke out at a chemical plant of DIC Co. in Ina, Saitama Prefecture, near Tokyo, on Aug. 3, 2019. No one was reported injured. (Kyodo) ==Kyodo

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Fire at chemical plant in Japan

Black smoke rises after a fire broke out at a chemical plant of DIC Co. in Ina, Saitama Prefecture, near Tokyo, on Aug. 3, 2019. No one was reported injured. (Kyodo) ==Kyodo

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Fire at chemical plant in Japan

Black smoke rises after a fire broke out at a chemical plant of DIC Co. in Ina, Saitama Prefecture, near Tokyo, on Aug. 3, 2019. No one was reported injured. (Kyodo) ==Kyodo

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Sale of Tokyo Sowa to WL Ross canceled

TOKYO, Japan - Kyoji Matsuda (2nd from L), a deputy governor of the government's Deposit Insurance Corp. (DIC), flanked by administrators of Tokyo Sowa Bank, speaks at a news conference in Tokyo on Nov. 30. Matsuda said DIC and the administrators have decided to cancel the sale of the failed regional bank to an investment company led by U.S. financier Wilbur R. Ross.

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Softbank signs NCB deal

TOKYO, Japan - Noboru Matsuda (L), head of the state-run Deposit Insurance Corp. (DIC), and Masayoshi Son (C), president of Internet investor Softbank Corp., sign documents on the purchase of failed Nippon Credit Bank (NCB) on June 30. Under he deal, the Softbank consortium will pay the government one billion yen for all outstanding NCB common shares and another 100 billion yen to bolster NCB's capital base.

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Gov't forgives part of Sogo's 200 bil. yen debts

TOKYO, Japan - (From L to R) Vice President Tadashi Natori and President Kyoichi Yamada of Sogo Co. bow their heads at a news conference June 30 after the state-run Deposit Insurance Corp. (DIC) announced it will purchase and forgive part of 200 billion yen in loans to the ailing department store operator.

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FRC OK's write-off of Sogo's debt

TOKYO, June 30 Kyodo - Noboru Matsuda, head of the state-run Deposit Insurance Corp. (DIC), speaks at a news conference June 30 following approval by the government's Financial Reconstruction Commission (FRC) of the proposed purchase and partial write-off by DIC of 200 billion yen in loans to financially troubled department store operator Sogo Co.

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FRC inks accord to sell NCB to Softbank-led group

TOKYO, Japan - Tadayo Homma (L), next president of Nippon Credit Bank (NCB), joins hand with Shunsuke Takeda (2nd from L), vice president of leasing company Orix Corp., Softbank Corp. founder and President Masayoshi Son (3rd from L), and Tomochika Iwashita (R), managing director of Tokio Marine & Fire Insurance Co., at a Tokyo hotel on June 6 after the government's Financial Reconstruction Commission (FRC) and Deposit Insurance Corp. (DIC) signed a basic agreement earlier in the day to sell the nationalized NCB to the tripartite consortium led by Softbank.

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New LTCB to open as FRC approves agreement

TOKYO, Japan - The Financial Reconstruction Commission on Feb. 9 approved the final agreement on the sale of the nationalized Long-Term Credit Bank of Japan (LTCB) to an international consortium led by U.S. fund Ripplewood Holdings LLC. The new LTCB begins operations March 2. Among the signatories to the agreement were Masamoto Yashiro (third from R), as representative of New LTCB Partners, LTCB President Takashi Anzai (second from L), Noboru Matsuda (third from L), governor of Deposit Insurance Corp. (DIC), which owns LTCB's 2.4 billion common shares, Ripplewood founder Timothy Collins (second from R), and Christopher Flowers (R), former head of the Goldman Sachs Financial Institutions Group. At left is Keiji Matsuda, deputy governor of DIC.

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Gov't takes control of Niigata Chuo Bank

TOKYO, Japan - The government's Financial Reconstruction Commission puts failed Niigata Chuo Bank, a second-tier regional bank based in Niigata on the Sea of Japan coast, under its control Oct. 2. Lawyer Tetsuya Sunada, certificate accountant Koichi Matsumura and the DIC as administrators, responsible for the bank's administration, operations and asset management, the commission's chief Hakuo Yanagisawa told a press conference.