Daiei to sell 32.15% stake in OMC Card to SMFG for 74. bil. yen

Daiei to sell 32.15% stake in OMC Card to SMFG for 74. bil. yen

TOKYO, Japan - Masayuki Nishi (L), chairman of Sumitomo Mitsui Financial Group, Tooru Nishim (C), president of Daiei Inc., and Hiromichi Funahashi, chairman of OMC Card Inc., join hands at a press conference in Tokyo on July 27 after announcing Daiei will sell 32.15 percent of voting rights in its credit-card subsidiary OMC to Sumitomo Mitsui for 74.8 billion yen.

Nissho Iwai, Nichimen formally agree to form holding firm

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.

Teijin to integrate drug business with Kyorin

Teijin to integrate drug business with Kyorin

TOKYO, Japan - Tooru Nagashima (L), president of leading polyester maker Teijin Ltd., and Ikuo Ogihara, president of Kyorin Pharmaceutical Co., speak at a press conference at a hotel in Tokyo's Chiyoda Ward on Jan. 23. They announced that Teijin will spin off its pharmaceutical operations and integrate them with Kyorin.

Daiei to sell 32.15% stake in OMC Card to SMFG for 74. bil. yen

Daiei to sell 32.15% stake in OMC Card to SMFG for 74. bil. yen

TOKYO, Japan - Masayuki Nishi (L), chairman of Sumitomo Mitsui Financial Group, Tooru Nishim (C), president of Daiei Inc., and Hiromichi Funahashi, chairman of OMC Card Inc., join hands at a press conference in Tokyo on July 27 after announcing Daiei will sell 32.15 percent of voting rights in its credit-card subsidiary OMC to Sumitomo Mitsui for 74.8 billion yen. (Kyodo)

Teijin to integrate drug business with Kyorin

Teijin to integrate drug business with Kyorin

TOKYO, Japan - Tooru Nagashima (L), president of leading polyester maker Teijin Ltd., and Ikuo Ogihara, president of Kyorin Pharmaceutical Co., speak at a press conference at a hotel in Tokyo's Chiyoda Ward on Jan. 23. They announced that Teijin will spin off its pharmaceutical operations and integrate them with Kyorin. (Kyodo)

Nissho Iwai, Nichimen formally agree to form holding firm

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)