Moritomo Gakuen applies for bankruptcy protection

Apr 21, 2017

Moritomo Gakuen applies for bankruptcy protection

The troubled Osaka school operator at the center of national political scrutiny applied for protection from creditors on Friday via court-mediated rehabilitation. The links alleged between nationalism-espousing school firm Moritomo Gakuen and Prime Minister Shinzo Abe and his wife, Akie, who promoted it, have ...

Apr 10, 2017

Bankruptcies fell to 26-year low in fiscal 2016

The number of business failures of Japanese companies with debts of at least ¥10 million fell to a 26-year low in fiscal 2016, according to credit research agency Tokyo Shoko Research. The agency said Monday that the number of corporate bankruptcies over the year ...

/ Oct 11, 2016

Takata considers bankruptcy for U.S. unit

Takata Corp. is considering bankruptcy protection for its U.S. unit, among other options, a person with knowledge of the matter said. The Tokyo-based firm’s defective air bag inflators have led to the biggest recall in auto industry history. The company hired Weil Gotshal & ...

Drowning Hanjin may not be alone among global shippers

/ Sep 4, 2016

Drowning Hanjin may not be alone among global shippers

The problems that sank South Korea’s Hanjin Shipping last week could be just the tip of the iceberg, with the long global downturn leaving the industry burdened by excess capacity. With growth refusing to budge and consumer demand still slack, the world’s freight carriers ...