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Sony to turn Aiwa into wholly owned subsidiary

TOKYO, Japan - Sony Corp. President Kunitake Ando (R) speaks as Aiwa Co. Ltd. President Masayoshi Morimoto (L) listens at a news conference in Tokyo on Feb. 28. Sony has agreed to turn struggling group firm Aiwa into a wholly owned subsidiary through a stock swap deal on Oct. 1.

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Sony to turn Aiwa into wholly owned subsidiary

TOKYO, Japan - Sony Corp. President Kunitake Ando (R) speaks as Aiwa Co. Ltd. President Masayoshi Morimoto (L) listens at a news conference in Tokyo on Feb. 28. Sony has agreed to turn struggling group firm Aiwa into a wholly owned subsidiary through a stock swap deal on Oct. 1.

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New Benesse Corp. President Masayoshi Morimoto

OSAKA, Japan - Benesse Corp. announces the appointment of Masayoshi Morimoto (R) as the new president, pictured with outgoing President Soichiro Fukutake who will take up the post of the chairman. The photo was taken Feb. 7 in Chuo Ward, Osaka. (Kyodo)