Kyosho Sold / Reconstruction
Something to keep an eye on…
Translated from rcmonkey.jp
Kyosho aims to rebuild management under Shinsei Bank Investment Fund.
Shinsei Bank Investment Fund acquired all the shares of Kyosho. Kyosho aims to reconstruct under investment funds.
This is due to the slump in business performance, President Akihisa Suzuki retired and went to adviser. Katsumi Watanabe is appointed president.
Sales were down to 1/5 of the peak season, and the deficit continued.
Kyosho intends to aim for growth of 7% annually by overseas sales mainly around the market in the future.
Original source: https://www.nikkei.com/article/DGXMZO29417550W8A410C1TJC000/