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Otsuka Kagu to Be Fully Owned by Electronics Retailer Yamada

Otsuka Kagu to Be Fully Owned by Electronics Retailer Yamada

   Tokyo, June 9 (Jiji Press)--Japanese furniture retailer Otsuka Kagu Ltd. <8186> will become a wholly owned unit of Yamada Holdings Co. <9831> in September, the electronics retailer said Wednesday.
   Also on Wednesday, Otsuka Kagu, now under rehabilitation as a majority-owned subsidiary of Yamada Holdings, reported a nonconsolidated net loss of 2,371 million yen for the year through April, posting red ink for the fifth straight year.

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AFP-JIJI PRESS NEWS JOURNAL


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