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Ex-Yamaichi men chase dreams 10 years after brokerage's demise

TOKYO, Japan - Shohei Nozawa, president of Yamaichi Securities Co., breaks down in tears as he announces the demise of his company at a press conference at the Tokyo Stock Exchange on Nov. 24, 1997.

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Yamaichi bankruptcy procedures completed

TOKYO, Japan - Shohei Nozawa (L), who was president of Yamaichi Securities Co. at the time of its bankruptcy in November 1997, speaks to reporters Jan. 26 in Tokyo after Yamaichi's creditors held their last meeting to complete bankruptcy procedures.

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Peak day for shareholders' meeting

More than 2,300 Japanese companies held shareholders' meetings simultaneously on Friday June 26, a move aimed to prevent disruption by sokaiya corporate extortionists. The photo shows people entering a hall for the final shareholders' meeting of Yamaichi Securities Co., once one of Japan's Big Four brokerages, which collapsed last November after chalking up a huge amount of liabilities.

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Yamaichi branch crowded with customers

The Fukuoka branch in the southwestern Japan city of Fukuoka of Yamaichi Securities Co. is crowded with customers Nov. 25, a day after the major brokerage announced the shutdown of its operations.

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Finance Minister Hiroshi Mitsuzuka

Finance Minister Hiroshi Mitsuzuka (R) meets the press atthe Finance Ministry in Tokyo on Nov. 24, expressing thegovernment's readiness to stabilize the nation's financialsystem following the planned voluntary shutdown of Yamaichi Securities Co.

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Top Yamaichi Securities executive

Shohei Nozawa (R), president of Yamaichi Securities Co., reads a statement in a press conference at the Tokyo Stock Exchange on Nov. 24, expressing a ''deep regret'' over his company's decision to end 100 years of operations. Chairman Shoji Saotome is at left.

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Yamaichi bankruptcy procedures completed

TOKYO, Japan - Shohei Nozawa (L), who was president of Yamaichi Securities Co. at the time of its bankruptcy in November 1997, speaks to reporters Jan. 26 in Tokyo after Yamaichi's creditors held their last meeting to complete bankruptcy procedures. (Kyodo)

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Top Yamaichi Securities executiv

Shohei Nozawa (R), president of Yamaichi Securities Co., reads a statement in a press conference at the Tokyo Stock Exchange on Nov. 24, expressing a ''deep regret'' over his company's decision to end 100 years of operations. Chairman Shoji Saotome is at left.

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Voluntary closure of Japanese brokerage Yamaichi

Yamaichi Securities Co. President Shohei Nozawa sheds tears as he speaks at a press conference in Tokyo on Nov. 24, 1997, to announce the major Japanese brokerage's voluntary closure of business following the revelation of huge off-the-book liabilities. (Kyodo) ==Kyodo

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Heisei: Yamaichi Securities

Yamaichi Securities Co. President Shohei Nozawa makes a tearful apology as he announces the company's voluntary liquidation at a press conference in Tokyo on Nov. 24, 1997, following the revelation of huge off-the-book liabilities. (Kyodo) ==Kyodo

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Prosecutors demand prison terms for Yamaichi ex-execs

TOKYO, Japan - Atsuo Miki, former president of collapsed Yamaichi Securities Co., enters the Tokyo District Court on Nov. 19. Prosecutors demanded a four-year prison term for Miki, 64, for concealing losses of over 200 billion yen and paying illegal dividends to shareholders. They also demanded a three-year prison term for former Yamaichi Chairman Tsugio Yukihira, 68, for the same charges.

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Peak day for shareholders' meeti

More than 2,300 Japanese companies held shareholders' meetings simultaneously on Friday June 26, a move aimed to prevent disruption by sokaiya corporate extortionists. The photo shows people entering a hall for the final shareholders' meeting of Yamaichi Securities Co., once one of Japan's Big Four brokerages, which collapsed last November after chalking up a huge amount of liabilities. ==Kyodo

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Yamaichi branch crowded with cus

The Fukuoka branch in the southwestern Japan city of Fukuoka of Yamaichi Securities Co. is crowded with customers Nov. 25, a day after the major brokerage announced the shutdown of its operations.

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Finance Minister Hiroshi Mitsuz

Finance Minister Hiroshi Mitsuzuka (R) meets the press at the Finance Ministry in Tokyo on Nov. 24, expressing the government's readiness to stabilize the nation's financial system following the planned voluntary shutdown of Yamaichi Securities Co.