Mycal chief quits, Urano becomes new president

Mycal chief quits, Urano becomes new president

TOKYO, Japan - Kazuo Urano (R), the new president of Mycal Corp., the bankrupt supermarket chain, accompanied by his predecessor Kozo Yamashita, speaks at a press conference in Tokyo on Sept. 28. Yamashita, who resigned the same day, took over the company's presidency from Osamu Shikata on Sept. 14 when Mycal filed for court protection from creditors with 1,742.8 billion yen in debts.

Mycal's interest-bearing debts to come to 1.05 tril. yen

Mycal's interest-bearing debts to come to 1.05 tril. yen

OSAKA, Japan - Mycal Corp. President Osamu Shikata speaks at a press conference in Osaka's Chuo Ward on Aug. 30 about a plan to rehabilitate the ailing supermarket-chain operator. He said the company's interest-bearing debts will come to around 1.05 trillion yen on a consolidated basis as of the end of this month.

Mycal to cut 410 bil. yen debts, 2,700 jobs in 3 years

Mycal to cut 410 bil. yen debts, 2,700 jobs in 3 years

OSAKA, Japan - Osamu Shikata (R), president-elect of Mycal Corp., and Toshiyuki Sugawara, managing director, announced a three-year restructuring plan at a news conference in Osaka on Jan. 24. Under the plan, the financially troubled retailer will eliminate 410 billion yen in debt and 2,700 employees on a consolidated basis. Shikata, 70, former chief of the Osaka prefectural police, will succeed Kotaro Utsunomiya as president, effective March 1.

Ex-chief of Osaka police headquarters to head Mycal

Ex-chief of Osaka police headquarters to head Mycal

OSAKA, Japan - Osamu Shikata (R), who has been appointed to succeed Kotaro Utsunomiya (L) as president of retailer Mycal Corp., speaks at a news conference in Osaka on Jan. 11. The 70-year-old Shikata, former chief of the Osaka Prefectural Police Headquarters, is currently president of Japan Maintenance Co., a Mycal subsidiary specializing in the maintenance of buildings.

Mycal's interest-bearing debts to come to 1.05 tril. yen

Mycal's interest-bearing debts to come to 1.05 tril. yen

OSAKA, Japan - Mycal Corp. President Osamu Shikata speaks at a press conference in Osaka's Chuo Ward on Aug. 30 about a plan to rehabilitate the ailing supermarket-chain operator. He said the company's interest-bearing debts will come to around 1.05 trillion yen on a consolidated basis as of the end of this month.

Mycal chief quits, Urano becomes new president

Mycal chief quits, Urano becomes new president

TOKYO, Japan - Kazuo Urano (R), the new president of Mycal Corp., the bankrupt supermarket chain, accompanied by his predecessor Kozo Yamashita, speaks at a press conference in Tokyo on Sept. 28. Yamashita, who resigned the same day, took over the company's presidency from Osamu Shikata on Sept. 14 when Mycal filed for court protection from creditors with 1,742.8 billion yen in debts.

Mycal to cut 410 bil. yen debts, 2,700 jobs in 3 years

Mycal to cut 410 bil. yen debts, 2,700 jobs in 3 years

OSAKA, Japan - Osamu Shikata (R), president-elect of Mycal Corp., and Toshiyuki Sugawara, managing director, announced a three-year restructuring plan at a news conference in Osaka on Jan. 24. Under the plan, the financially troubled retailer will eliminate 410 billion yen in debt and 2,700 employees on a consolidated basis. Shikata, 70, former chief of the Osaka prefectural police, will succeed Kotaro Utsunomiya as president, effective March 1.

Ex-chief of Osaka police headquarters to head Mycal

Ex-chief of Osaka police headquarters to head Mycal

OSAKA, Japan - Osamu Shikata (R), who has been appointed to succeed Kotaro Utsunomiya (L) as president of retailer Mycal Corp., speaks at a news conference in Osaka on Jan. 11. The 70-year-old Shikata, former chief of the Osaka Prefectural Police Headquarters, is currently president of Japan Maintenance Co., a Mycal subsidiary specializing in the maintenance of buildings.