JT, Nissin to acquire Katokichi to integrate frozen food businesses

JT, Nissin to acquire Katokichi to integrate frozen food businesses

TOKYO, Japan - Japan Tobacco Inc. President Hiroshi Kimura (L), frozen food firm Katokichi Co. President Tetsuji Kanamori (C) and instant noodle maker Nissin Food Products Co. President Koki Ando (R) hold a press conference in Tokyo on Nov. 22. Japan Tobacco and Nissin have agreed to acquire Katokichi to create one of Japan's largest frozen food businesses with combined sales of 260 billion yen.

Katokichi likely saw 9 billion yen group net loss in FY 2006

Katokichi likely saw 9 billion yen group net loss in FY 2006

TOKYO, Japan - Katokichi Co. President Tetsuji Kanamori speaks at a press conference in Tokyo on May 30. He said the major frozen food maker expects to have posted a record group net loss of 9.2 billion yen in the year through March because earlier projections were inflated by bogus dealings.

Katokichi likely saw 9 billion yen group net loss in FY 2006

Katokichi likely saw 9 billion yen group net loss in FY 2006

TOKYO, Japan - Katokichi Co. President Tetsuji Kanamori speaks at a press conference in Tokyo on May 30. He said the major frozen food maker expects to have posted a record group net loss of 9.2 billion yen in the year through March because earlier projections were inflated by bogus dealings. (Kyodo)

JT, Nissin to acquire Katokichi to integrate frozen food busines

JT, Nissin to acquire Katokichi to integrate frozen food busines

TOKYO, Japan - Japan Tobacco Inc. President Hiroshi Kimura (L), frozen food firm Katokichi Co. President Tetsuji Kanamori (C) and instant noodle maker Nissin Food Products Co. President Koki Ando (R) hold a press conference in Tokyo on Nov. 22. Japan Tobacco and Nissin have agreed to acquire Katokichi to create one of Japan's largest frozen food businesses with combined sales of 260 billion yen. (Kyodo)