The state-backed Industrial Revitalization Corp. of Japan began a full-scale evaluation of Daiei Inc.'s assets Thursday, a day after the ailing retailer decided to seek its help instead of using only private-sector funds.

IRCJ officials said they hope to complete the asset assessment and draft a revival plan by the end of the year.

A 250-strong IRCJ team of outside accountants and lawyers will look into Daiei's books and interview Daiei President Kunio Takagi and other executives, they said.