On the rack: Japanese retail chain wrestles with heavy debt

Article Abstract:

Saison Corp's plummeting earnings is blamed on the expansionist management style of Seiji Tsutsumi, who was responsible for the rapid eight-year expansion of the holding company until Feb 1991. Saison's growth sustained by its flagship Seibu Department Stores Ltd's extensive borrowing, was negatively affected by the losses suffered by some of its subsidiaries. For instance, Saison's bid to gain international recognition by acquiring the Inter-Continental Hotels Group proved disastrous due to the hotel's US$100 million loss. Seibu's and the Seiyu supermarket chain's business interests were also neglected.

Finance, Holding companies, Company Profile, Saison Corp., Tsutsumi, Seiji

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Private lessons: Japan's former state utilities are weighed down by bureaucratic control

Article Abstract:

The improvement in services and revenue, as well as the trimming of their workforces, indicate the successful privatization of Nippon Denshin Denwa KK, Japan Tobacco Inc and Japan Railways Group. With at least 500,000 employees and aggregate annual revenue of 14 trillion yen ($112 billion), all three companies show the advantages of privatization. However, the competitiveness of these companies have been hampered by the fact that the Japanese government still exerts control over many decisions since it has maintained majority ownership.

Telephone communications, exc. radio, TOBACCO PRODUCTS, Evaluation, Telecommunications services industry, Telecommunications industry, Privatization, Privatization (Business), Tobacco industry, Railroad holding companies

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On the rack: Japan's city stores face a cut-price challenge

Article Abstract:

Aoyama Trading successfully launched its store at the posh Ginza district in Tokyo, Japan with crowds gathering in frontsince early morning. Aoyama sells the lowest priced quality suits in Japan witha price range of $160 to $240. The company buys in bulk directly from manufacturers and avoids elaborate marketing ploys in its stores. Thus, Aoyama can afford to retail the suits at reduced prices with a good profit margin.

Clothing industry, Men's clothing industry, Off-price stores, Off price stores, Aoyama Trading Co.

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