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(1)IRCJ OKs 366 bil. yen aid package for Kanebo

TOKYO, Japan - Kanebo Ltd. Chairman and President Takashi Hoashi (L) speaks at a news conference in Tokyo on March 10 after the Industrial Revitalization Corp. of Japan (IRCJ) approved a 366 billion yen aid package for the ailing cosmetics company. Seated right is IRJC Executive Officer Ryutaro Katayama.

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(2) IRCJ OKs 366 bil. yen aid package for Kanebo

TOKYO, Japan - Takashi Hoashi, chairman and president of ailing cosmetics company Kanebo Ltd., ponders before answering a question at a news conference in Tokyo on March 10. The Industrial Revitalization Corp. of Japan (IRCJ) approved a 366 billion yen aid package for Kanebo.

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(3)IRCJ OKs 366 bil. yen aid package for Kanebo

TOKYO, Japan - Akiyoshi Nakajima, who has been named to take over the presidency of Kanebo Ltd. from Chairman and President Takashi Hoashi, speaks at a news conference in Tokyo on March 10. The Industrial Revitalization Corp. of Japan (IRCJ) approved a 366 billion yen aid package for the ailing cosmetics company.

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Kanebo Pres. Hoashi to resign over revival plans

TOKYO, Japan - Takashi Hoashi (file photo), president and chairman of Kanebo Ltd., will resign after the recent fiasco over how to revive the struggling cosmetics maker, sources close to the decision said Feb. 23. Hoashi is expected to announce his resignation at an extraordinary shareholders meeting March 30.

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Kanebo gives up deal with Kao, seeks IRCJ help

TOKYO, Japan - Takashi Hoashi, president of Kanebo Ltd., Japan's second-biggest cosmetics maker, announces at a Tokyo hotel on Feb. 16 that the firm has given up an earlier plan to sell its cosmetics operations to Kao Corp., and instead will seek assistance from the Industrial Revitalization Corp. of Japan (IRCJ) in transforming the operations into a subsidiary to help rebuild its entire business.

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Kanebo, Kao agree on cosmetics business integration

TOKYO, Japan - Takashi Hoashi, chairman and president of Kanebo Ltd. shakes hands with Takuya Goto, president of Kao Corp., at a news conference in Tokyo on Oct. 23. They said the two chemical companies have agreed to integrate their cosmetics businesses.

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Nakamura blast game's second homer

TOKOROZAWA, Japan - Osaka Kintetsu Buffaroes slugger Norihiro Nakamura blasts his second homer of the game off Seibu Lions reliever Kazuyuki Hoashi in the top of the seventh inning at Seibu Dome on May 9.

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Ex-Kanebo president indicted for window dressing

TOKYO, Japan - Former Kanebo Ltd. President Takashi Hoashi is released on bail from Tokyo Detention House on Aug. 18. Prosecutors indicted him along with a former vice president of the company earlier in the day on charges of issuing falsified financial statements in violation of the Securities and Exchange Law. (Kyodo)

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Ex-Kanebo execs get suspended terms for window dressing

TOKYO, Japan - Takashi Hoashi (C), former president of Kanebo Ltd., arrives at the Tokyo District Court on March 27 to attend his trial. The court sentenced Hoashi to two years in prison, suspended for three years, for falsifying company financial statements to cover up capital deficits. (Kyodo)

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Ex-Kanebo execs plead guilty to falsifying financial statements

TOKYO, Japan - Takashi Hoashi, former president of Kanebo Ltd., enters the Tokyo District Court in Tokyo on Nov. 30 to attend his trial. Hoashi pleaded guilty to falsifying Kanebo's financial statements to cover up a capital deficit. (Kyodo)

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(1)IRCJ OKs 366 bil. yen aid package for Kanebo

TOKYO, Japan - Kanebo Ltd. Chairman and President Takashi Hoashi (L) speaks at a news conference in Tokyo on March 10 after the Industrial Revitalization Corp. of Japan (IRCJ) approved a 366 billion yen aid package for the ailing cosmetics company. Seated right is IRJC Executive Officer Ryutaro Katayama. (Kyodo)

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(3)IRCJ OKs 366 bil. yen aid package for Kanebo

TOKYO, Japan - Akiyoshi Nakajima, who has been named to take over the presidency of Kanebo Ltd. from Chairman and President Takashi Hoashi, speaks at a news conference in Tokyo on March 10. The Industrial Revitalization Corp. of Japan (IRCJ) approved a 366 billion yen aid package for the ailing cosmetics company. (Kyodo)

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(2) IRCJ OKs 366 bil. yen aid package for Kanebo

TOKYO, Japan - Takashi Hoashi, chairman and president of ailing cosmetics company Kanebo Ltd., ponders before answering a question at a news conference in Tokyo on March 10. The Industrial Revitalization Corp. of Japan (IRCJ) approved a 366 billion yen aid package for Kanebo. (Kyodo)

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Kanebo Pres. Hoashi to resign over revival plans

TOKYO, Japan - Takashi Hoashi (file photo), president and chairman of Kanebo Ltd., will resign after the recent fiasco over how to revive the struggling cosmetics maker, sources close to the decision said Feb. 23. Hoashi is expected to announce his resignation at an extraordinary shareholders meeting March 30. (Kyodo)

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Kanebo gives up deal with Kao, seeks IRCJ help

TOKYO, Japan - Takashi Hoashi, president of Kanebo Ltd., Japan's second-biggest cosmetics maker, announces at a Tokyo hotel on Feb. 16 that the firm has given up an earlier plan to sell its cosmetics operations to Kao Corp., and instead will seek assistance from the Industrial Revitalization Corp. of Japan (IRCJ) in transforming the operations into a subsidiary to help rebuild its entire business. (Kyodo)

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Kanebo, Kao agree on cosmetics business integration

TOKYO, Japan - Takashi Hoashi, chairman and president of Kanebo Ltd. shakes hands with Takuya Goto, president of Kao Corp., at a news conference in Tokyo on Oct. 23. They said the two chemical companies have agreed to integrate their cosmetics businesses. (Kyodo)

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Nakamura blast game's second homer

TOKOROZAWA, Japan - Osaka Kintetsu Buffaroes slugger Norihiro Nakamura blasts his second homer of the game off Seibu Lions reliever Kazuyuki Hoashi in the top of the seventh inning at Seibu Dome on May 9.