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Nissho Iwai-Nichimen to merge April 1, change name to Sojitz

TOKYO, Japan - Nichimen Corp. President Akio Dobashi (C), flanked by his colleagues, holds a card bearing the new logo mark of a new company to be created on April 1 through the merger of Nichimen Corp. and Nissho Iwai Corp., the core trading house units of Nissho Iwai-Nichimen Holdings Corp. The new entity will be named Sojitz Corp.

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Nissho Iwai, Nichimen formally agree to form holding firm

TOKYO, Japan - Tooru Hanbayashi (R), president of Nichimen Corp., and Hidetoshi Nishimura, president of Nissho Iwai Corp., speak at a press conference in Tokyo on Jan. 29 about a plan to create a holding company April 1 to integrate their management structure.

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2 major trading houses announce integration agreement

TOKYO, Japan - Hidetoshi Nishimura (L), president of Nissho Iwai Corp., and Toru Hanbayashi, president of Nichimen Corp., shake hands at a press conference in Tokyo on Dec. 11. They announced that the two trading companies have agreed to set up a holding company next April to integrate their management.

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Nissho Iwai to cut 5,000 jobs over 3 years

TOKYO, Japan - Trading house Nissho Iwai Corp. President Shiro Yasutake announces a three-year restructuring plan requiring the loss of 5,000 jobs from its current consolidated workforce of 19,000 at a news conference in Tokyo on Jan. 29.

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Sumitomo, Nissho Iwai to ally in LNG business

TOKYO, Japan - Shiro Sasutake (R), president of Nissho Iwai Corp. and Naoki Kuroda, vice president of Sumitomo Corp., shake hands June 20 at a news conference in Tokyo. They announced the two companies have agreed to ally in the liquefied natural gas business to survive global competition.

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Mitsubishi-Nissho Iwai steel alliance eyed in Oct.

TOKYO, Japan - Flanked by Mitsubishi Corp. Vice President Kenji Sakurai (L), Nissho Iwai Corp. President Shiro Yasutake speaks at a news conference January 25. The two trading houses said they have agreed to integrate their steel products operations under a joint venture by the fall of 2002.

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Nissho Iwai to cut 5,000 jobs over 3 years

TOKYO, Japan - Trading house Nissho Iwai Corp. President Shiro Yasutake announces a three-year restructuring plan requiring the loss of 5,000 jobs from its current consolidated workforce of 19,000 at a news conference in Tokyo on Jan. 29.

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(CORRECTED) 2 major trading houses announce integration accord

TOKYO, Japan - Hidetoshi Nishimura (L), president of Nissho Iwai Corp., and Toru Hanbayashi, president of Nichimen Corp., shake hands at a press conference in Tokyo on Dec. 11. They announced that the two trading companies have agreed to set up a holding company next April to integrate their management. (Kyodo)

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Nissho Iwai-Nichimen to merge April 1, change name to Sojitz

TOKYO, Japan - Nichimen Corp. President Akio Dobashi (C), flanked by his colleagues, holds a card bearing the new logo mark of a new company to be created on April 1 through the merger of Nichimen Corp. and Nissho Iwai Corp., the core trading house units of Nissho Iwai-Nichimen Holdings Corp. The new entity will be named Sojitz Corp. (Kyodo)

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Nissho Iwai, Nichimen formally agree to form holding firm

TOKYO, Japan - Tooru Hanbayashi (R), president of Nichimen Corp., and Hidetoshi Nishimura, president of Nissho Iwai Corp., speak at a press conference in Tokyo on Jan. 29 about a plan to create a holding company April 1 to integrate their management structure. (Kyodo)

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Sumitomo, Nissho Iwai to ally in LNG business

TOKYO, Japan - Shiro Sasutake (R), president of Nissho Iwai Corp. and Naoki Kuroda, vice president of Sumitomo Corp., shake hands June 20 at a news conference in Tokyo. They announced the two companies have agreed to ally in the liquefied natural gas business to survive global competition.

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Mitsubishi-Nissho Iwai steel alliance eyed in Oct.

TOKYO, Japan - Flanked by Mitsubishi Corp. Vice President Kenji Sakurai (L), Nissho Iwai Corp. President Shiro Yasutake speaks at a news conference January 25. The two trading houses said they have agreed to integrate their steel products operations under a joint venture by the fall of 2002.

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Nissho Iwai to spin off information business division

TOKYO, Japan - Shiro Yasutake (L), president of Nissho Iwai Corp., announces the trading company will spin off its information industry division by transferring all the division's operations to a wholly owned subsidiary, ITX Corp. Shintaro Hirata (R), chief of the division, will become chief executive officer of ITX.