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(3)Softbank's purchase of Hawks gets final nod

FUKUOKA, Japan - Softbank Corp. President Masayoshi Son (L in middle) and the Fukuoka Softbank Hawks manager Sadaharu Oh (R in middle) pose for photos with young baseball fans at a Fukuoka hotel on Dec. 24. Softbank officially became the baseball club's owner the same day after obtaining approval for its purchase of the Daiei Hawks from debt-ridden retail giant Daiei Inc.

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Supermarket operator Daiei to close 20 outlets in 3 years

TOKYO, Japan - Toru Nishimi, president of the supermarket operator Daiei Inc., speaks at a news conference in Tokyo on April 10 about a plan to close 20 outlets, or about 10 percent of the total, by the end of February 2012.

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IRCJ to set up new Daiei management team in May: Saito

TOKYO, Japan - Industrial Revitalization Corp. of Japan President Atsushi Saito speaks in an interview with Kyodo News in Tokyo on Dec. 29. He said IRCJ plans to set up a new management team for ailing retailer Daiei Inc. which the government-backed body decided to support. ''We are willing to establish the team in April, but the selection of a Daiei rehabilitation sponsor may be delayed until the end of March,'' Saito said.

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(2) IRCJ decides to bail out Daiei, Misawa Homes

TOKYO, Japan - Daiei Inc. President Toshio Hasumi (R) bows at a press conference in Tokyo on Dec. 28 after the state-backed Industrial Revitalization Corp. of Japan decided to help rehabilitate the struggling retailer and home builder Misawa Homes Holdings Inc.

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(3) IRCJ decides to bail out Daiei, Misawa Homes

TOKYO, Japan - Misawa Homes Holdings Inc. President Kazuo Mizutani speaks at a press conference in Tokyo on Dec. 28 after the state-backed Industrial Revitalization Corp. of Japan decided to help rehabilitate the ailing home builder and struggling retailer Daiei Inc.

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(1)IRCJ decides to bail out Daiei, Misawa Homes

TOKYO, Japan - Industrial Revitalization Corp. of Japan President Atsushi Saito speaks at a press conference on IRCJ's decision to help rehabilitate struggling retailer Daiei Inc. and home builder Misawa Homes Holdings Inc.

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(1)Softbank's purchase of Hawks gets final nod

FUKUOKA, Japan - Softbank Corp. President Masayoshi Son (R) and Daiei Hawks manager Sadaharu Oh shake hands at Fukuoka Dome on Dec. 24 as Softbank officially became the baseball club's owner the same day. The Internet service provider obtained approval for its purchase of the Daiei Hawks from debt-ridden retail giant Daiei Inc.

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Trial planned to ship fresh fish with saltwater ice

TOKYO, Japan - A box of fish chilled by ice, made with seawater-like saltwater and in the consistency of snow to keep seafood fresh longer, is shown in Tokyo on Dec. 26, 2014, by supermarket chain Daiei Inc. ahead of the start of a trial from Jan. 1, 2015, using the method to transport fresh fish from Otaru on the northernmost main island of Hokkaido to one of its stores in Chiba Prefecture east of the Japanese capital.

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Aeon to fully own Daiei

TOKYO, Japan - File photo shows an outlet of supermarket chain Daiei Inc., which opened in July 2014, in Nagoya, central Japan. On Sept. 24, Japan's biggest retailer Aeon Co. said it will buy the remaining shares in Daiei to make the struggling supermarket chain a wholly owned subsidiary as part of efforts to turn around the company.

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Aeon to fully own Daiei

TOKYO, Japan - Motoya Okada, president of Japan's biggest retailer Aeon Co., tells a press conference in Tokyo on Sept. 24, 2014, it will buy the remaining shares in Daiei Inc. to make the struggling supermarket chain a wholly owned subsidiary as part of efforts to turn around the company.

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Aeon to make Daiei a unit

TOKYO, Japan - Aeon Co. President Motoya Okada answers a reporter's question at a press conference in Tokyo on March 27, 2013. Japan's top retailer Aeon will increase its stake in Daiei Inc. through a takeover bid to make the smaller supermarket retailer a subsidiary, the two companies said the same day.

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Low-priced wines enjoy popularity amid economic slowdown

TOKYO, Japan - The Himonya store of supermarket chain operator Daiei Inc. in Tokyo's Meguro Ward offers a wide variety of inexpensive wines on Aug. 31.

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Easy-to-ride electric bicycles in vogue in Japan

TOKYO, Japan - Various types of electric bicycle are on display at the Himonya store of Daiei Inc. in Tokyo's Meguro Ward in June.

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Daiei to sell 32.15% stake in OMC Card to SMFG for 74. bil. yen

TOKYO, Japan - Masayuki Nishi (L), chairman of Sumitomo Mitsui Financial Group, Tooru Nishim (C), president of Daiei Inc., and Hiromichi Funahashi, chairman of OMC Card Inc., join hands at a press conference in Tokyo on July 27 after announcing Daiei will sell 32.15 percent of voting rights in its credit-card subsidiary OMC to Sumitomo Mitsui for 74.8 billion yen.

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Daiei unveils 3-yr business plan

TOKYO, Japan - Toru Nishimi, president of struggling retailer Daiei Inc., speaks about the company's three-year management plan at a news conference in Tokyo on May 17. Under the plan to improve profitability, the company is aiming for a group operating profit of 27 billion yen in fiscal 2009.

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Daiei parent sales fall below 1 tril. yen for 1st time 28 yrs

TOKYO, Japan - Toru Nishimi, president of Daiei Inc., speaking at a news conference in Tokyo on April 20 where the struggling supermarket chain announced that its parent-only operating revenues sank below 1 trillion yen in the 2006 business year for the first time in 28 years.

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Aeon board member Kawato to be Daiei chairman

TOKYO, Japan - Aeon Mall Co. President Yoshiharu Kawato (R), who has been named as chairman of Daiei Inc., speaks at a news conference in Tokyo on March 20 together with Daiei President Toru Nishimi (C) and Fumiko Hayashi (L), the current Daiei chairman who will stand down as Daiei vice chairman.

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Daiei, Aeon, Marubeni join hands

TOKYO, Japan - (From L to R) Motoya Okada, president of Japan's major supermarket chain Aeon Co., Nobuo Katsumata, president of trading house Marubeni Corp., and Toru Nishimi, president of struggling retailer Daiei Inc., join hands as the three companies signal they will join forces to create Japan's top retail group.

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Ex-Daiei head Higuchi becomes COO of Microsoft Japan

TOKYO, Japan - Yasuyuki Higuchi (R), former president of Daiei Inc., on March 5 became chief operating officer of the Japanese unit of Microsoft Corp., a move aimed at helping the company cope better with growing business opportunities in Japan, it said. At left is Darren Huston, president of the Japanese unit, Microsoft Co.

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Daiei begins sales of ad-added eggs

TOKYO, Japan - Eggs with advertisement stickers are sold at an outlet of Supermarket chain operator Daiei Inc. in Urayasu, Chiba Prefecture on Feb. 1. Daiei began selling those eggs at about 200 Daiei and group outlets, with an aim of selling 300,000 packages of the eggs with advertisements each month.

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Daiei's operating profit jumps 42% on brisk credit card business

TOKYO, Japan - Daiei Inc. President Toru Nishimi speaks at a press conference in Tokyo on Oct. 20. The company reported a group operating profit of 25.45 billion yen for the first half of the current business year, up 41.9 percent from a year earlier, backed by improved retail profitability and a brisk performance by its credit card subsidiary OMC Card Inc.

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Daiei's new management team launched, led by ex-Marubeni execs

TOKYO, Japan - Daiei Inc. Chairwoman Fumiko Hayashi (L) and new President Toru Nishimi shake hands during a press conference in Tokyo on Oct. 6. Nishimi, a former corporate senior vice president of Daiei's top shareholder Marubeni Corp., replaced Yasuyuki Higuchi.

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Daiei shareholders to OK Marubeni-led management

TOKYO, Japan - Shareholders head to an extraordinary meeting of Daiei Inc. in Kobe to inaugurate the new management led by Marubeni Corp., the trading company which has become the supermarket operator's top shareholder.

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Marubeni eyes Aeon as tie-up partner for Daiei

TOKYO, Japan - File photo shows the head office building of Aeon Co. in Chiba. Trading house Marubeni Corp. is considering choosing Aeon, the largest supermarket chain in Japan, as a business tie-up partner for Daiei Inc. to strengthen the competitiveness of the struggling supermarket chain, sources familiar with the matter said on Oct. 4.

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Marubeni to acquire IRCJ's entire stake in Daiei for 69.8 bil. yen

TOKYO, Japan - (From L to R) Taisuke Sasanuma, representative partner of investment firm Advantage Partners, Atsushi Saito, chief executive officer of the Industrial Revitalization Corp. of Japan, Nobuo Katsumata, president of Marubeni Corp., Fumiko Hayashi, chairman of Daiei Inc. and Daiei President Yasuyuki Higuchi join hands for a photo after a news conference at a Tokyo hotel July 28.

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Daiei turns profitable in 1st year of reconstruction

TOKYO, Japan - Yasuyuki Higuchi, president of struggling supermarket store chain Daiei Inc., speaks at a press conference in Tokyo on April 12 about the company's business results for the year to February 2006. Daiei turned profitable as it promoted restructuring as planned for the first year of its reconstruction.

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Uniqlo clothing store operator to tie up with Daiei

TOKYO, Japan - Tadashi Yanai (R), chairman and president of Fast Retailing Co., the operator of Uniqlo casual clothing stores, speaks at a news conference Jan. 26 in Tokyo about a business alliance with supermarket chain operator Daiei Inc. At left is Daiei President Yasuyuki Higuchi.

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Daiei founder Nakauchi dies at 83

TOKYO, Japan - Photo taken in November 2000 shows Daiei Inc. founder Isao Nakauchi (L) waving at fans, flanked by Daiei Hawks manager Sadaharu Oho, during a parade celebrating his team's victory in the Japan Series.

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Daiei founder Nakauchi dies at 83

TOKYO, Japan - Daiei Inc. founder Isao Nakauchi (in file photo), once dubbed the king of Japan's retail business, died of a stroke at a hospital in Kobe on Sept. 19, the University of Marketing and Distribution Sciences said. He was 83. Nakauchi had been undergoing medical treatment since suffering a stroke in late August.

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Daiei founder Nakauchi fell in Aug. due to stroke

OSAKA, Japan - Daiei Inc. founder Isao Nakauchi (file photo) has been under medical treatment since he fell in late August due to a stroke, the University of Marketing and Distribution Sciences said on Sept. 14. Nakauchi, 83, former chairman of the retail giant, is the chairman of the Board of Trustees of the Nakauchi Gakuen Education Foundation that created the university.

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Daiei to tie up with drug store chain CFS

TOKYO, Japan - Daiei Inc. President Yasuyuki Higuchi (L) and CFS Corp. President Yukimasa Yoneda pose for photos after announcing an alliance at a press conference in Tokyo on Sept. 8. The five-year alliance with the operator of the ''HAC Drug'' chain marks Daiei's first partnership with another company after it began business rehabilitation under the auspices of the Industrial Revitalization Corp. of Japan.

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Daiei launches farm-fresh vegetables, fruit sales

TOKYO, Japan - Daiei Inc. President Yasuyuki Higuchi checks vegetables at one of the company's outlets in Tokyo's Koto Ward on June 21 as the company launched sales of vegetables and fruit fresh from farms the same day.

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Daiei shareholders endorse new management team

TOKYO, Japan - Yasuyuki Higuchi (L), new president of Daiei Inc., and Fumiko Hayashi, new Daiei chairman, shake hands after a news conference at a hotel in Tokyo on May 26. Earlier in the day, Daiei Inc. shareholders at their annual general meeting in Kobe approved the new management team.

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Daiei posts 511 bil. yen group net loss on restructuring costs

TOKYO, Japan - Daiei Inc. Acting President Yoshiaki Takahashi speaks at a press conference in Tokyo on April 15. The ailing supermarket chain operator said it fell into the red in fiscal 2004 with a group net loss of 511.20 billion yen as it booked the costs it expects to see in large-scale restructuring from 2005 as a loss ahead of time.

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Daiei opens 1st outlet under new management

OSAKA, Japan - Shoppers visit a supermarket store of Daiei Inc. in Hirakata, Osaka Prefecture, on April 14 as it was opened as the first outlet under the company's new management. The store, specializing in food, is expected to serve as a test of its reconstruction plan that puts more emphasis on food rather than the wide range of products it had in the past.

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Daiei shareholders approve new management

TOKYO, Japan - Fumiko Hayashi (L), a former president of BMW Tokyo Corp. who will become adviser to Japan's supermarket chain operator Daiei Inc., speaks during a news conference in Tokyo on March 30 after the company's extraordinary shareholders' meeting. Yoshiaki Takahashi (C), currently a Daiei board member, will serve as acting president.

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Hayashi to become adviser to Daiei

TOKYO, Japan - Fumiko Hayashi (file photo), a former president of BMW Tokyo Corp., will become adviser to Japan's supermarket chain operator Daiei Inc. on April 1.

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IRCJ inks contract on Marubeni-led group's Daiei sponsorship

TOKYO, Japan - Marubeni Corp. President Nobuo Katsumata (L) and Daiei Inc. President Toshio Hasumi speak during a news conference in Tokyo on March 7. The Industrial Revitalization Corp. of Japan and Daiei signed a contract the same day with a consortium led by trading house Marubeni as the sponsor for rebuilding the struggling retail giant.

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Daiei to incur net group loss of 510 bil. yen in FY 2004

TOKYO, Japan - Toshio Hasumi, president of Daiei Inc., speaks to reporters about the company's group earning forecast for fiscal 2004 ending on Feb. 28.

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Daiei, IRCJ ask 10 creditors for 81% loan forgiveness

TOKYO, Japan - Daiei Inc. President Toshio Hasumi speaks to reporters after the ailing retailer and the state-backed Industrial Revitalization Corp. of Japan asked 10 of the company's 38 creditor banks to waive 81 percent of their uncollateralized loans.

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(1)Softbank inks accords to buy Daiei Hawks

TOKYO, Japan - Softbank Corp. President Masayoshi Son (L) shakes hands with Daiei Inc. President Toshio Hasumi at a press conference in Tokyo on Nov. 30 after signing an agreement to purchase the Daiei Hawks professional baseball club from the struggling retail giant.

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(2)Softbank inks accords to buy Daiei Hawks

TOKYO, Japan - Softbank Corp. President Masayoshi Son (L) and Daiei Inc. President Toshio Hasumi give a joint press conference in Tokyo on Nov. 30. The Internet investor signed an agreement to purchase the Daiei Hawks professional baseball club from the struggling retail giant.

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Daiei names managing director Hasumi as president

TOKYO, Japan - Toshio Hasumi speaks at a press conference in Tokyo on Oct. 22 after being appointed as new president of Daiei Inc. at an extraordinary board meeting to replace Kunio Takagi.

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Softbank officially declares intent to buy Daiei Hawks

TOKYO, Japan - Masayoshi Son, president of Internet service provider Softbank Corp., answers reporters' questions Oct. 19 after meeting with Atsushi Saito, president of the Industrial Revitalization Corp. of Japan, and declaring the firm's intention of acquiring the Daiei Hawks professional baseball club from its owner Daiei Inc. Daiei has turned to the IRCJ for assistance for its revitalization.

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Daiei to pick managing director Hasumi for new president

TOKYO, Japan - Struggling retail giant Daiei Inc. is likely to appoint managing director Toshio Hasumi (in file photo) as successor to Kunio Takagi, who will resign as president to take the blame for its woes, informed sources said Oct. 20. Hasumi, 58, has built his career inside the retailing group's corporate structure, working mostly in planning and financial management.

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(2)Daiei President Takagi to resign Oct. 22

TOKYO, Japan - Daiei Inc. President Kuni Takagi is mobbed by reporters at the Tokyo Stock Exchange on Oct. 15 after he announced his resignation at a press conference there.

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(1)Daiei President Takagi to resign Oct. 22

TOKYO, Japan - Daiei Inc. President Kuni Takagi bows during a press conference at the Tokyo Stock Exchange on Oct. 15. Takagi said he will resign on Oct. 22 to take the blame for Daiei being forced to seek help in rehabilitating from the government-funded bailout agency Industrial Revitalization Corp. of Japan.

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Daiei backs down, agrees to use IRCJ for rehabilitation

TOKYO, Japan - Kunio Takagi, president of struggling retail giant Daiei Inc., is swarmed by reporters in Tokyo on Oct. 13 after his meeting with Atsushi Saito, president of the state-backed Industrial Revitalization Corp. of Japan. Daiei decided to accept aid from IRCJ for its rehabilitation.

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Takagi fails to deliver on promise to fix Daiei in 3 yrs

NARASHINO, Japan - Then Daiei Inc. president, Kunio Takagi (L), and Daiei Hawks manager, Sadaharu Oh, conduct a sake casket-cutting ceremony to launch a year-end sales campaign in the city of Narashino, Chiba Prefecture, in November 2002.

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(3)Daiei agrees to use IRCJ for rehabilitation

TOKYO, Japan - Atsushi Saito, head of the state-backed Industrial Revitalization Corp. of Japan, answers reporters' questions Oct. 13 after struggling retail giant Daiei Inc., under pressure from creditors to accept aid from the IRCJ for its rehabilitation, agreed to turn to the agency for help.