Yamazaki Baking to turn Fujiya into subsidiary by boosting stake

Yamazaki Baking to turn Fujiya into subsidiary by boosting stake

TOKYO, Japan - Yamazaki Baking Co. President Nobuhiro Iijima (R) speaks during a news conference in Tokyo on Nov. 7. Iijima said his company will raise its stake in Fujiya Co. from 35 percent to 51 percent to turn the struggling confectioner into a subsidiary in a fresh bid to help reconstruct Fujiya's scandal-battered business. At left is Fujiya President Yasufumi Sakurai.

Yamazaki Baking to acquire 35% stake in Fujiya

Yamazaki Baking to acquire 35% stake in Fujiya

TOKYO, Japan - Fujiya Co. President Yasufumi Sakurai (L) and Yamazaki Baking Co.President Nobuhiro Iijima pose for a photo at a press conference at a Tokyo hotel on March 26. The two firms signed a business and capital tie-up agreement that will make Yamazaki the biggest shareholder in scandal-tainted Fujiya with a stake of 35 percent.

Yamazaki Baking to acquire 35% stake in Fujiya

Yamazaki Baking to acquire 35% stake in Fujiya

TOKYO, Japan - Fujiya Co. President Yasufumi Sakurai (L) and Yamazaki Baking Co.President Nobuhiro Iijima pose for a photo at a press conference at a Tokyo hotel on March 26. The two firms signed a business and capital tie-up agreement that will make Yamazaki the biggest shareholder in scandal-tainted Fujiya with a stake of 35 percent. (Kyodo)

Yamazaki Baking to turn Fujiya into subsidiary by boosting stake

Yamazaki Baking to turn Fujiya into subsidiary by boosting stake

TOKYO, Japan - Yamazaki Baking Co. President Nobuhiro Iijima (R) speaks during a news conference in Tokyo on Nov. 7. Iijima said his company will raise its stake in Fujiya Co. from 35 percent to 51 percent to turn the struggling confectioner into a subsidiary in a fresh bid to help reconstruct Fujiya's scandal-battered business. At left is Fujiya President Yasufumi Sakurai. (Kyodo)