The late Masahito Otsuka, head of the Otsuka pharmaceutical group of companies, left taxable inheritance of 22.96 billion yen, according to a public notice released Tuesday by local tax authorities.
Otsuka, who died of respiratory problems in April 2000 at the age of 83, left his assets to seven beneficiaries, including his 83-year-old wife, Shizue, and his 63-year-old eldest son Akihiko, according to the notice.
The notice also says inheritance tax of about 7.1 billion yen has been paid in full.
Otsuka established Otsuka Pharmaceutical Co. in 1964 and headed the company as it expanded to become a major drug manufacturer with 55 group business around the world, including Taiho Pharmaceutical Co. and Otsuka Foods Co.