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Kumagai Gumi, Tobishima to scrap merger plan

TOKYO, Japan - Kumagai Gumi Co. President Kazutoshi Torikai (L) and Tobishima Corp. President Yoshiharu Tomimatsu tell reporters in Tokyo on Nov. 15 that the two struggling second-tier construction companies will scrap their merger plan set for April 1, 2005.

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Kumagai Gumi eyes 300 bil. yen bailout

TOKYO, Japan - Kazutoshi Torikai, president of ailing construction firm Kumagai Gumi Co., speaks at a news conference in Tokyo on April 4. He said the company will ask its main creditor banks for 300 billion yen in a financial bailout under a fresh three-year restructuring plan, while seeking a merger with industry peer Tobishima Corp.

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Kumagai Gumi, Tobishima to scrap merger plan

TOKYO, Japan - Kumagai Gumi Co. President Kazutoshi Torikai (L) and Tobishima Corp. President Yoshiharu Tomimatsu tell reporters in Tokyo on Nov. 15 that the two struggling second-tier construction companies will scrap their merger plan set for April 1, 2005. (Kyodo)

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Kumagai Gumi eyes 300 bil. yen bailout

TOKYO, Japan - Kazutoshi Torikai, president of ailing construction firm Kumagai Gumi Co., speaks at a news conference in Tokyo on April 4. He said the company will ask its main creditor banks for 300 billion yen in a financial bailout under a fresh three-year restructuring plan, while seeking a merger with industry peer Tobishima Corp. (Kyodo)