Sogo seeks court-mandated restructuring

Sogo seeks court-mandated restructuring

TOKYO, Japan - Kyoichi Yamada (R), president of financially troubled department store chain operator Sogo Co., and two of his colleagues bow from the waist at a news conference in Tokyo on July 12. Yamada said his company filed with the Tokyo District Court for protection from creditors, aiming to seek rehabilitation.

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

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.

Sogo reports big capital deficit

Sogo reports big capital deficit

TOKYO, Japan - The photo shows Kyoichi Yamada (R), president of financially beleaguered department store Sogo Co., announcing at a news conference at the Tokyo Stock Exchange on April 26 that its capital deficit increased sharply to about 580 billion yen at the end of the 1999 business year. Yamada and all other top management will step down when the company's rehabilitation gets fully on track.

Sogo to ask banks to forgive loans

Sogo to ask banks to forgive loans

TOKYO, Japan - Kyoichi Yamada, president of Sogo Co., reads from a sheet of paper at a news conference in Tokyo on April 6. In an unprecedented move in Japanese corporate history, Yamada said his company will ask creditor banks to forgive claims on loans worth 639 billion yen.

Sogo seeks court-mandated restructuring

Sogo seeks court-mandated restructuring

TOKYO, Japan - Kyoichi Yamada (R), president of financially troubled department store chain operator Sogo Co., and two of his colleagues bow from the waist at a news conference in Tokyo on July 12. Yamada said his company filed with the Tokyo District Court for protection from creditors, aiming to seek rehabilitation.

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

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.

Sogo reports big capital deficit

Sogo reports big capital deficit

TOKYO, Japan - The photo shows Kyoichi Yamada (R), president of financially beleaguered department store Sogo Co., announcing at a news conference at the Tokyo Stock Exchange on April 26 that its capital deficit increased sharply to about 580 billion yen at the end of the 1999 business year. Yamada and all other top management will step down when the company's rehabilitation gets fully on track.

Sogo to ask banks to forgive loans

Sogo to ask banks to forgive loans

TOKYO, Japan - Kyoichi Yamada, president of Sogo Co., reads from a sheet of paper at a news conference in Tokyo on April 6. In an unprecedented move in Japanese corporate history, Yamada said his company will ask creditor banks to forgive claims on loans worth 639 billion yen.