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Seibu Railway shareholders OK plan to reorganize group operations

TOKOROZAWA, Japan - President Takashi Goto (C) and other management members of Seibu Railway Co. bow to shareholders at the beginning of an extraordinary shareholders general meeting in Tokorozawa, Saitama Prefecture, on Dec. 21. The meeting endorsed a plan to reorganize the company's group operations under a holding firm, a move that will end control of the railway and resort conglomerate by Kokudo Corp. and business tycoon Yoshiaki Tsutsumi, who has received a suspended prison term for insider trading and falsifying statements.

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2 Tsutsumi brothers to launch bid for Seibu Railway

TOKYO, Japan - Seiji Tsutsumi (L) and Yuji Tsutsumi, the two members of the Seibu group founding family will offer to buy Seibu Railway Co. in a bid to thwart efforts by Takashi Goto, the current president of the railway firm, to move the group toward a holding company structure, sources close to the matter said on Oct. 31. Goto is working with Yoshiaki Tsutsumi, former chairman of Kokudo Corp., to restructure the Seibu group.

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Seibu Railway looks to Cerberus to turn group around

TOKYO, Japan - Takashi Goto (L), president of Seibu Railway Co., speaks to reporters at a press conference at a Tokyo hotel on Oct. 18 about a decision to choose U.S. investment fund Cerberus Group and Nikko Principal Investments Japan Ltd. as the main providers of fresh capital for Kokudo Corp., the core firm of the Seibu group.

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Politicians keep eye on possible effects of Tsutsumi's arrest

TOKYO, Japan - Prime Minister Junichiro Koizumi speaks to reporters at his office on March 3 about the arrest earlier in the day of Yoshiaki Tsutsumi, former chairman of Kokudo Corp.

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(5)Business tycoon Tsutsumi arrested in Seibu share scam

OSAKA, Japan - A large screen at a railway station in Osaka runs news on the arrest of former Kokudo Corp. Chairman Yoshiaki Tsutsumi on March 3. Tsutsumi, once listed by Forbes magazine as the world's richest man, was arrested for his alleged involvement in falsifying financial statements on shareholdings in Seibu Railway Co. and insider trading.

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(3)Business tycoon Tsutsumi arrested in Seibu share scam

TOKYO, Japan - Prosecutors raid the head office of Seibu Railway Co. (R) and the building that houses the headquarters of Kokudo Corp. in Tokorozawa, Saitama Prefecture near Tokyo on March. 3. The two firms were raided over former Kokudo Chairman Yoshiaki Tsustumi's alleged involvement in falsifying financial statements on shareholdings in the railway operator and insider trading. Tsutsumi was arrested.

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(4)Business tycoon Tsutsumi arrested in Seibu share scam

TOKYO, Japan - A vehicle carrying former Kokudo Corp. Chairman Yoshiaki Tsutsumi enters the Tokyo Detention House on March 3. Tsutsumi, once listed by Forbes magazine as the world's richest man, was arrested for his alleged involvement in falsifying financial statements on shareholdings in Seibu Railway Co. and insider trading.

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(2)Business tycoon Tsutsumi arrested in Seibu share scam

TOKOROZAWA, Japan - Prosecutors enter the headquarters of Kokudo Corp. in Tokorozawa, Saitama Prefecture near Tokyo on March 3. The company was searched in connection with former Chairman Yoshiaki Tsutsumi's alleged involvement in falsifying financial statements on shareholdings in Seibu Railway Co. and insider trading. Tsutsumi was arrested.

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(1)Business tycoon Tsutsumi arrested in Seibu share scam

TOKOROZAWA, Japan - A vehicle believed to be carrying former Kokudo Corp. Chairman Yoshiaki Tsutsumi leaves a hotel in Tokyo on March 3 after prosecutors asked him to appear before them for questioning over allegations of making false statements about shareholdings in Seibu Railway Co. and insider trading. He was arrested later.

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Tsutsumi accepts Seibu group reform plan

TOKYO, Japan - Toshiyuki Ono, president of Kokudo Corp., reads out a statement by Yoshiaki Tsutsumi, former Kokudo chairman, during a press conference in Tokyo on Feb. 25. In the statement, Tsutsumi said he has accepted a restructuring plan for the Seibu Railway Co. group that will split up Kokudo and dilute Tsutsumi's influence in the conglomerate.

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Shareholders seek 350 mil. yen damages from Seibu, Kokudo

TOKYO, Japan - Plaintiffs suing scandal-tainted Seibu Railway Co, its parent Kokudo Corp., and former top executives enter the Tokyo District Court building Feb. 1. A total of 211 individuals and two companies holding shares in Seibu Railway jointly sought more than 350 million yen in damages. The plaintiffs had purchased Seibu Railway shares before the company revealed its long-time practice of falsifying its financial statements.

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(2)Yoshiaki Tsutsumi resigns from all posts

TOKYO, Japan - Kokudo Corp. Chairman Yoshiaki Tsutsumi bows his head at a press conference Oct. 13. Tsutsumi resigned from all the posts he held in the company and Seibu Railway Co.'s group firms to take responsibility for revising Seibu Railway's financial statements. Tsutsumi, also the owner of the Seibu Lions professional baseball club, intends to resign from the post as well after the end of the Japan Series in which the team will compete later in October.

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Kokudo's Tsutsumi to resign as chairman

TOKYO, Japan - Kokudo Corp. Chairman Yoshiaki Tsutsumi announces Oct. 13 he will resign from his post to take responsibility for revising the company's financial statements. Tsutsumi, owner of the Seibu Lions professional baseball club, will also resign from that post after the end of the Japan Series in which the team will compete later in October.

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Kokudo Bunnies edge Snow Brand 4-3 to win JIHL finals

TOKYO, Japan - Players of the Kokudo Bunnies celebrate their winning of the Japan Ice Hockey League playoff finals 3-0 in the best-of-five series by beating Snow Brand 4-3 at Tokyo's Suntory Higashifumi Ice Arena on April 5.

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Kokudo Bunnies blitz Snow Brand 9-1 in JIHL finals

YOKOHAMA, Japan - Ice hockey players of the Kokudo Bunnies show their appreciation to their fans at Shin-Yokohama Skate Center in Yokohama on April 1 after bouncing all over Snow Brand and storming to a 9-1 victory in Game Two of the Japan Ice Hockey League (JIHL) playoff finals to take a 2-0 lead in the best-of-five series.

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(2)Yoshiaki Tsutsumi resigns from all posts

TOKYO, Japan - Kokudo Corp. Chairman Yoshiaki Tsutsumi bows his head at a press conference Oct. 13. Tsutsumi resigned from all the posts he held in the company and Seibu Railway Co.'s group firms to take responsibility for revising Seibu Railway's financial statements. Tsutsumi, also the owner of the Seibu Lions professional baseball club, intends to resign from the post as well after the end of the Japan Series in which the team will compete later in October. (Kyodo)

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Kokudo's Tsutsumi to resign as chairman

TOKYO, Japan - Kokudo Corp. Chairman Yoshiaki Tsutsumi announces Oct. 13 he will resign from his post to take responsibility for revising the company's financial statements. Tsutsumi, owner of the Seibu Lions professional baseball club, will also resign from that post after the end of the Japan Series in which the team will compete later in October. (Kyodo)

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Shareholders seek 350 mil. yen damages from Seibu, Kokudo

TOKYO, Japan - Plaintiffs suing scandal-tainted Seibu Railway Co, its parent Kokudo Corp., and former top executives enter the Tokyo District Court building Feb. 1. A total of 211 individuals and two companies holding shares in Seibu Railway jointly sought more than 350 million yen in damages. The plaintiffs had purchased Seibu Railway shares before the company revealed its long-time practice of falsifying its financial statements. (Kyodo)

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Tsutsumi accepts Seibu group reform plan

TOKYO, Japan - Toshiyuki Ono, president of Kokudo Corp., reads out a statement by Yoshiaki Tsutsumi, former Kokudo chairman, during a press conference in Tokyo on Feb. 25. In the statement, Tsutsumi said he has accepted a restructuring plan for the Seibu Railway Co. group that will split up Kokudo and dilute Tsutsumi's influence in the conglomerate. (Kyodo)

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(5)Business tycoon Tsutsumi arrested in Seibu share scam

OSAKA, Japan - A large screen at a railway station in Osaka runs news on the arrest of former Kokudo Corp. Chairman Yoshiaki Tsutsumi on March 3. Tsutsumi, once listed by Forbes magazine as the world's richest man, was arrested for his alleged involvement in falsifying financial statements on shareholdings in Seibu Railway Co. and insider trading. (Kyodo)

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Politicians keep eye on possible effects of Tsutsumi's arrest

TOKYO, Japan - Prime Minister Junichiro Koizumi speaks to reporters at his office on March 3 about the arrest earlier in the day of Yoshiaki Tsutsumi, former chairman of Kokudo Corp. (Kyodo)

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(4)Business tycoon Tsutsumi arrested in Seibu share scam

TOKYO, Japan - A vehicle carrying former Kokudo Corp. Chairman Yoshiaki Tsutsumi enters the Tokyo Detention House on March 3. Tsutsumi, once listed by Forbes magazine as the world's richest man, was arrested for his alleged involvement in falsifying financial statements on shareholdings in Seibu Railway Co. and insider trading. (Kyodo)

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(1)Business tycoon Tsutsumi arrested in Seibu share scam

TOKYO, Japan - A vehicle believed to be carrying former Kokudo Corp. Chairman Yoshiaki Tsutsumi leaves a hotel in Tokyo on March 3 after prosecutors asked him to appear before them for questioning over allegations of making false statements about shareholdings in Seibu Railway Co. and insider trading. He was arrested later. (Kyodo)

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(2)Business tycoon Tsutsumi arrested in Seibu share scam

TOKOROZAWA, Japan - Prosecutors enter the headquarters of Kokudo Corp. in Tokorozawa, Saitama Prefecture near Tokyo on March 3. The company was searched in connection with former Chairman Yoshiaki Tsutsumi's alleged involvement in falsifying financial statements on shareholdings in Seibu Railway Co. and insider trading. Tsutsumi was arrested. (Kyodo)

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Former Kokudo chief Tsutsumi released on 100 mil. yen bail

TOKYO, Japan - Former Kokudo Corp. Chairman Yoshiaki Tsutsumi walks down toward his car March 24 after being released on 100 million yen bail following his indictment the previous day on charges of taking a leading role in making false reports on Kokudo's shareholdings in Seibu Railway Co. and of insider trading of shares in the railway operator. (Kyodo)

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Tsutsumi admits role in false stock reports, insider trading

TOKYO, Japan - Yoshiaki Tsutsumi, former chairman of Kokudo Corp. and Seibu Railway Co., enters the Tokyo District Court on June 16. He admitted his involvement in falsifying financial statements on shareholdings of Seibu Railway and insider trading in the first hearing of his trial. (Kyodo)

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(2)Tsutsumi admits role in false stock reports, insider trading

TOKYO, Japan - Yoshiaki Tsutsumi, former chairman of Kokudo Corp. and Seibu Railway Co., returns to his home in the town of Ninomiya, Kanagawa Prefecture, on June 16 after the first hearing of his trial at the Tokyo District Court. (Kyodo)

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2 Tsutsumi brothers to launch bid for Seibu Railway

TOKYO, Japan - Seiji Tsutsumi (L) and Yuji Tsutsumi, the two members of the Seibu group founding family will offer to buy Seibu Railway Co. in a bid to thwart efforts by Takashi Goto, the current president of the railway firm, to move the group toward a holding company structure, sources close to the matter said on Oct. 31. Goto is working with Yoshiaki Tsutsumi, former chairman of Kokudo Corp., to restructure the Seibu group. (Kyodo)

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Seibu Railway shareholders OK plan to reorganize group operation

TOKOROZAWA, Japan - President Takashi Goto (C) and other management members of Seibu Railway Co. bow to shareholders at the beginning of an extraordinary shareholders general meeting in Tokorozawa, Saitama Prefecture, on Dec. 21. The meeting endorsed a plan to reorganize the company's group operations under a holding firm, a move that will end control of the railway and resort conglomerate by Kokudo Corp. and business tycoon Yoshiaki Tsutsumi, who has received a suspended prison term for insider trading and falsifying statements. (Kyodo)

E

Seibu Railway looks to Cerberus to turn group around

TOKYO, Japan - Takashi Goto (L), president of Seibu Railway Co., speaks to reporters at a press conference at a Tokyo hotel on Oct. 18 about a decision to choose U.S. investment fund Cerberus Group and Nikko Principal Investments Japan Ltd. as the main providers of fresh capital for Kokudo Corp., the core firm of the Seibu group. (Kyodo)

E

(3)Business tycoon Tsutsumi arrested in Seibu share scam

TOKYO, Japan - Prosecutors raid the head office of Seibu Railway Co. (R) and the building that houses the headquarters of Kokudo Corp. in Tokorozawa, Saitama Prefecture near Tokyo on March. 3. The two firms were raided over former Kokudo Chairman Yoshiaki Tsustumi's alleged involvement in falsifying financial statements on shareholdings in the railway operator and insider trading. Tsutsumi was arrested. (Kyodo)

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Prosecutors demand 3-yr prison term for ex-business tycoon Tsuts

TOKYO, Japan - Yoshiaki Tsutsumi, former chairman of Kokudo Corp. and Seibu Railway Co., arrives at the Tokyo District Court to attend his trial on Sept. 9. Prosecutors demanded a prison term of three years and fine of 5 million yen for Tsutsumi, who has pleaded guilty to charges of falsifying financial statements and insider trading. (Kyodo)

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Kokudo Bunnies edge Snow Brand 4-3 to win JIHL finals

TOKYO, Japan - Players of the Kokudo Bunnies celebrate their winning of the Japan Ice Hockey League playoff finals 3-0 in the best-of-five series by beating Snow Brand 4-3 at Tokyo's Suntory Higashifumi Ice Arena on April 5.

E

Kokudo Bunnies blitz Snow Brand 9-1 in JIHL finals

YOKOHAMA, Japan - Ice hockey players of the Kokudo Bunnies show their appreciation to their fans at Shin-Yokohama Skate Center in Yokohama on April 1 after bouncing all over Snow Brand and storming to a 9-1 victory in Game Two of the Japan Ice Hockey League (JIHL) playoff finals to take a 2-0 lead in the best-of-five series.