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Bic Camera founder Arai steps down over false earnings figures

Bic Camera founder Arai steps down over false earnings figures

TOKYO, Japan - Hiroyuki Miyajima, president of home electrical appliance retailer Bic Camera Inc., bows in apology during a press conference in Tokyo on Feb. 20. Miyajima said the company's founder Ryuji Arai had stepped down as chairman to take responsibility for false earnings results that contained inflated profit figures.

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Bic Camera founder Arai steps down over false earnings figures

Bic Camera founder Arai steps down over false earnings figures

TOKYO, Japan - Hiroyuki Miyajima, president of home electrical appliance retailer Bic Camera Inc., bows in apology during a press conference in Tokyo on Feb. 20. Miyajima said the company's founder Ryuji Arai had stepped down as chairman to take responsibility for false earnings results that contained inflated profit figures. (Kyodo)

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