Daiei Inc. founder Isao Nakauchi, once dubbed Japan's retail revolutionary, died Monday morning of a stroke at a hospital in Kobe, the University of Marketing and Distribution Sciences said. He was 83.
Nakauchi, who had been undergoing medical treatment since suffering a stroke in late August, died at 9:30 a.m. Monday, the Kobe-based university said.
He had been serving as head of Nakauchi Gakuen, an educational corporation that runs the university, after giving up the right to represent any of the companies in the Daiei group in 2001.