Kyosho Sold / Reconstruction

kyoshologo

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/

Advertisements

Posted on April 16, 2018, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s