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Daiei Film Films
, based in Kobe, Hyōgo, is one of the largest supermarket chains in Japan. In 1957, Isao Nakauchi founded the chain in Osaka near Sembayashi Station on the Keihan train line. Daiei is now under a restructuring process supported by Marubeni Corporation and ÆON Co., Ltd., another Japanese supermarket chain. Daiei Inc. runs more than 3,000 stores under the Daiei name as well as through its subsidiaries. In addition to groceries, Daiei is also a department store, selling electronics, home furnishings, and clothes. In terms of net sales, Daiei was formerly the largest retailer in Japan. History The retail chain expanded rapidly in the 1970s and 1980s. Also, stronger sales from competitors such as Ito-Yokado, ÆON, and other regional supermarket chains have hurt Daiei's sales record in recent years. As a part of the series of bootstrap restructuring efforts to avoid filing for IRCJ ( Industrial Revitalization Corporation of Japan) support, the company sold its baseball team, the ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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Marubeni
(, OSE: 8002, NSE: 8002) is a '' sōgō shōsha'' (general trading company) headquartered in Otemachi, Chiyoda, Tokyo, Tokyo, Japan. It is one of the largest ''sogo shosha'' and has leading market shares in cereal and paper pulp trading as well as a strong electrical and industrial plant business. Marubeni is a member of the Fuyo keiretsu. History Marubeni was founded in 1858, where the founder Chubei Itoh moved out of the family business and started a linen trading business with his uncle. It was established in 1918 as Itochu Shoten, Ltd. in a spin-off of certain sales divisions of C. Itoh & Co. ( Itochu) into a separate entity. Itochu Shoten merged with Itoh Chobei Shoten in 1921 to form Marubeni Shoten, Ltd. under the leadership of Chobei Itoh IX. Marubeni started out as a textile trading firm and expanded to trade in other consumer and industrial goods during the 1920s. Marubeni was re-combined with Itochu during World War II to form Sanko Kabushiki Kaisha Ltd. (1941–44 ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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Zombie Company
In political economy, a zombie company is a company that needs bailouts in order to operate, or an indebted company that is able to repay the interest on its debts but not repay the principal. Description Zombie companies are indebted businesses that, although generating cash, after covering running costs, and fixed costs (wages, rates, rent) only have enough funds to service the interest on their loans, but not the debt itself. As such, they are generally dependent on the refinancing of maturing debt for their continued existence and may face solvency risks should interest rates rise or investors withdraw from further financing. History The term "zombie company" was applied to Japanese firms supported by Japanese banks during the period known as the " Lost Decade" after the collapse of the Japanese asset price bubble in c.1990. Japanese banks continued to support weak or failing firms. The retailer Daiei is an example of a large company that expanded greatly during the period ...
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Private Label
A private label, also called a private brand or private-label brand, is a brand owned by a company, offered by that company alongside and competing with brands from other businesses. A private-label brand is almost always offered exclusively by the firm that owns it. However, in rare instances, the brand is licensed to another company. The term often describes products, but can also encompass services. The most common definition of a private label product is one that is outsourced: company A makes a product for company B, which company B then offers under their brand name. However, it can also define products made in retailer-owned firms. For example, in 2018, The Kroger Company had 60% of its private brands produced by third parties; the remaining 40% was manufactured internally by plants owned by Kroger. Private-label producers are usually anonymous, sometimes by contract. In other cases, they are allowed to mention their role publicly. Etymology The term ''private label' ...
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Debt Restructuring
Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is called " refinancing". Out-of-court restructurings, also known as s, are increasingly becoming a global reality. Motivation Debt restructuring involves reduction of debt and an extension of payment terms and is usually less expensive than bankruptcy. The main costs associated with debt restructuring are the time and effort spent negotiating with bankers, creditors, vendors, and tax authorities. In the United States, small business bankruptcy filings cost at least $50,000 in legal and court fees, and filing costs in excess of $100,000 are common. By some measures, only 20% of firms survive Chapter 11 bankruptcy filings. Historically, debt restr ...
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Don Quijote (store)
, often referred to by its shortened name , is a Japanese discount store chain. Donki stores provide a wide range of products, from basic groceries to electronics and clothing. They notably tend to stay open until early morning hours or even remain open 24/7, and products are packed from ceiling to floor in a distinct merchandising strategy. As of 2021, it has over 160 locations throughout Japan and three in Hawaii. In addition, seventeen in Singapore, eleven in Hong Kong, four in Malaysia, eight in Thailand, five in Taiwan, two in Macau, and one in Guam are branded as Don Don Donki. History Origins Founded by Takao Yasuda, Don Quijote opened its first store in Suginami, Tokyo in September 1980 under its original name, Just Co. Originally a retail store, Just Co. quickly switched to wholesale in 1982. The company opened its first "Don Quijote" named store in Fuchu, Tokyo in March 1989. With the name change, the store also changed its primary business from wholesale to re ...
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Hawaii
Hawaii ( ; ) is an island U.S. state, state of the United States, in the Pacific Ocean about southwest of the U.S. mainland. One of the two Non-contiguous United States, non-contiguous U.S. states (along with Alaska), it is the only state not on the North American mainland, the only state that is an archipelago, and the only state in the tropics. Hawaii consists of 137 volcanic islands that comprise almost the entire Hawaiian Islands, Hawaiian archipelago (the exception, which is outside the state, is Midway Atoll). Spanning , the state is Physical geography, physiographically and Ethnology, ethnologically part of the Polynesian subregion of Oceania. Hawaii's ocean coastline is consequently the List of U.S. states and territories by coastline, fourth-longest in the U.S., at about . The eight main islands, from northwest to southeast, are Niihau, Niihau, Kauai, Kauai, Oahu, Oahu, Molokai, Molokai, Lanai, Lānai, Kahoʻolawe, Kahoolawe, Maui, and Hawaii (island), Hawaii, a ...
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SoftBank
is a Japanese multinational Investment company, investment holding company headquartered in Minato, Tokyo, that focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation. With over $100 billion in capital at its onset, SoftBank's SoftBank Vision Fund, Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East. The company is known for the leadership of its controversial founder and largest shareholder Masayoshi Son. Its investee companies, subsidiaries and divisions, including several unprofitable Unicorn (finance), unicorns, operate in robotics, artificial intelligence, software, logistics, transportation, biotechnology, robotic process automation, Property technology, proptech, real estate, hospitality, broadband, f ...
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Nankai Railway
is a private railway in Japan, founded in 1884. The name ''Nankai'' (which means "South Sea") comes from the company's routes along the Nankaidō, the old highway that ran south from the old capital, Kyoto, along the sea coast. Nankai predates all the electric railways in the Tokyo region. The Nankai network branches out in a generally southern direction from Namba Station in Osaka. The Nankai Main Line connects Osaka to Wakayama, Wakayama, Wakayama, with an Nankai Airport Line, important spur branching to Kansai International Airport. The ''rapi:t α'' express connects Kansai International Airport to Namba in 34 minutes, while the ''rapi:t β'' takes 39 minutes with two additional stops. The Koya Line connects Osaka to Mt. Koya, headquarters of the Buddhist Shingon sect and a popular pilgrimage site. IC cards (PiTaPa and ICOCA) are accepted. History The Nankai Railway Company was founded on June 16, 1884. In 1944 it was one of the companies that merged to form Kintetsu Rai ...
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Fukuoka Daiei Hawks
The are a Japanese professional baseball team based in Fukuoka, Fukuoka Prefecture. They compete in Nippon Professional Baseball (NPB) as a member of the Pacific League. Founded on February 22, 1938, as the Nankai Club, being the first Kansai team to play in Osaka proper, the team went through a few name changes before settling on Nankai Hawks in 1947, eventually changing ownership in and moving to Fukuoka in . The team subsequently became known as the Fukuoka Daiei Hawks until 2005, when they were purchased by SoftBank Group, becoming the Fukuoka SoftBank Hawks. Since 1993, the Hawks have played at Mizuho PayPay Dome Fukuoka, which has gone under several name changes and seats 40,142 people. The Hawks are often regarded as one of the most successful franchises in Pacific League and the richest in all of baseball under the ownership of SoftBank Group, with the second most wins in all of Japanese sports, only trailing the Yomiuri Giants. The Hawks have played in the Japan Ser ...
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