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	Daiei - Wikipedia, the free encyclopedia
		Daiei is now under a restructuring process supported by a quasi-governmental bailout organization, the Industrial Revitalization Corporation of Japan("IRCJ").
		Daiei's current CEO is Fumiko Hayashi, former CEO of BMW Tokyo, and COO is Yasuyuki Higuchi, former CEO of Hewlett-Packard Japan, Ltd. and a graduate of Harvard MBA program.
		The retail chain expanded rapidly in the 1970s and 1980s, which was one of the causes of debt-ridden situation, with some critics noting that the expansion occurred in a rather haphazard manner.
	en.wikipedia.org /wiki/Daiei (338 words)

	BBC News \| BUSINESS \| Lifeline for Japan supermarket group
		Daiei, the Japanese supermarket teetering on the verge of collapse, has unveiled details of a long-awaited 420bn yen lifeline proposed to its creditors.
		If Daiei's plan is accepted, and succeeds in fostering the firm's revival, it could prove a shot in the arm for the whole Japanese economy, analysts said.
		Daiei said it was aiming to record a profit of 30bn yen for the year ending March 2005.
	news.bbc.co.uk /1/hi/business/1767687.stm (520 words)

	CNN.com - Daiei soars on rescue plan - January 17, 2002
		A source also told Reuters on Wednesday that Daiei and its banks are considering a debt-for-equity swap of 300 billion yen ($2.29 billion) to pare back mountains of debt.
		Daiei, which had 2.31 trillion yen in interest-bearing debt at the end of August, plans to reduce the amount to 2.24 trillion yen by the end of February.
		The Daiei case is being closely monitored as a blueprint for future restructurings at companies with big debt burdens.
	archives.cnn.com /2002/BUSINESS/asia/01/17/tokyo.daiei (669 words)

	Fukuoka SoftBank Hawks - Wikipedia, the free encyclopedia
		In 1988, Daiei bought the team from Osaka's Nankai Electric Railway Co., and its headquarters was moved to Fukuoka.
		The Daiei Hawks won the Pacific League championship in 1999, 2000 and 2003 and won the Japan Series in 1999 and 2003.
		In August, Daiei's was in discussion with its primary lenders, including UFJ Bank, to avoid having to sell the Daiei Hawks.
	www.wikipedia.org /wiki/Fukuoka_Daiei_Hawks (234 words)

	Boston.com / Business / Ailing retailer Daiei seeks bailout (Site not responding. Last check: 2007-10-09)
		Daiei Inc., a troubled Japanese supermarket chain, said Wednesday it will ask for an emergency cash injection from a government-run corporate bailout fund after the retailer's biggest lenders turned down a plea for a rescue package.
		Daiei had missed a noon deadline Wednesday to apply to the IRCJ -- the second time in the past week -- while it held last-ditch discussions with its bankers.
		Daiei, based in the western city of Kobe, owes creditors 1.075 trillion yen ($9.77 billion), much of it to UFJ Holdings, Japan's fourth-largest bank, which hopes to repair its own balance sheet with plans to merge with Japan's healthiest bank, Mitsubishi Tokyo Financial Group.
	www.boston.com /business/articles/2004/10/13/ailing_retailer_daiei_seeks_bailout (501 words)

	CNN.com - Daiei seen asking banks to forgive $1.1B - January 21, 2002
		Daiei stock has soared on the prospect of a bailout.
		Daiei's biggest creditor, UFJ Holdings, was up 3.89 percent to 294,000 yen at the morning break.
		Daiei creditor Fuji is part of the group.
	archives.cnn.com /2002/BUSINESS/asia/01/21/japan.daiei (512 words)

	UFJ and Daiei: Japan’s Malaise and its Salvation - Ecademy
		Daiei came to epitomize the industrial sclerosis that befell much of Japan in the 1990s, and has proved to be one of the most challenging restructuring efforts to date.
		Daiei continues to insist that it can halve its interest-bearing debt of ¥1,638.4 billion as of the end of Feburary 2004 by March 2005-by shutting outlets, selling assets, and tapping banks and investors for more financial aid.
		Daiei is trying to persuade banks that the involvement of lawyers and securities companies in its latest plan will meet creditors' requirements for greater transparency, one of the reasons the banks are seeking the involvement of the bailout agency.
	www.ecademy.com /node.php?id=30639 (2987 words)

	Asia Times Online - The trusted news source for information on Japan
		Daiei continues to insist it can halve its interest-bearing debt of 1,638.4 billion yen of the end of February 2004 by March 2005 by shutting outlets, selling assets and asking banks and investors for more financial aid.
		In Daiei's revised restructuring plan to UFJ Bank and its other lenders, it is calling on Marubeni Corp to assist it in its supermarket operations and Tokyu Land Corp to help it attract and administer tenants.
		Daiei's stock had plunged from 500 yen in third quarter of 2001 to a mere 100 yen as the Nikkei 225 was hitting 7,600 at the height of investor concerns about financial fragility, deflation and Japan's exposure to external shocks.
	www.atimes.com /atimes/Japan/FJ08Dh04.html (2677 words)

	KRM-cr Daiei
		As the Daiei case shows, when times are good, an analyst can erroneously come to the conclusion that bond prices are normally distributed based on the clustering of Daiei bond values on the right hand side of this graph.
		When Daiei’s equity price is graphed against the credit spreads for the three Daiei bond issues, we see behavior much different from that predicted by the Merton model.
		Daiei is a retailer in a high cost country.
	www.kamakuraco.com /krm_cr_daiei.htm (568 words)

	Daiei, Tottori - Wikipedia, the free encyclopedia
		There is another town with the same name in Chiba, Japan, see Taiei, Chiba.
		Daiei (大栄町; -cho) is a town located in Tōhaku District, Tottori, Japan.
		As of 2003, the town had an estimated population of 8,800 and a density of 242.89 persons per km².
	en.wikipedia.org /wiki/Daiei,_Tottori (79 words)

	Bloomberg.com: Bloomberg Columnists
		Daiei may be the ideal case study in how Japan's 1980s excesses planted the seeds of its slide in the 1990s.
		Previously, Daiei refused to seek help from the agency for dealing with about 1 trillion yen ($9.1 billion) of debt, favoring a private solution that would leave it with more control over the outcome.
		Daiei's main creditor, UFJ Holdings Inc., insisted on government involvement as it attempts to trim its lending to the retailer before merging with Mitsubishi Tokyo Financial Group Inc.
	quote.bloomberg.com /apps/news?pid=10000039&refer=columnist_pesek&sid=aA4x80cMDWhE (872 words)

	Boston.com / Business / Retailer's shares up on Wal-Mart interest (Site not responding. Last check: 2007-10-09)
		Daiei has come to symbolize heavily indebted Japanese companies that over-expanded before the country's "bubble economy" burst in the early 1990s.
		Daiei owes creditors 1.075 trillion yen ($9.77 billion) -- much of it to UFJ Holdings, a major Japanese bank seeking to clean up its own balance sheet ahead of its hoped-for merger with Japan's healthiest bank, Mitsubishi Tokyo Financial Group.
		Daiei has so far resisted creditor banks' prodding to seek the IRCJ's help, saying it wants to implement its current business plan and work out a new revival strategy.
	www.boston.com /business/articles/2004/08/20/retailers_shares_up_on_wal_mart_interest (457 words)

	ABC News: Firm, Trading Co. Picked to Revive Daiei (Site not responding. Last check: 2007-10-09)
		Daiei was once praised as an innovative retailer in a nation dominated for decades by family-run stores.
		Daiei's troubles paying off its loans and the lenient attitude Japanese banks adopted toward it symbolized the worst of the bad loan problems that threatened the health of Japan's financial system in the late 1990s.
		Daiei president Toshio Hasumi said the company would go "all out" using Advantage's corporate rehabilitation expertise and Marubeni's food retail expertise.
	abcnews.go.com /Business/wireStory?id=558502 (304 words)

	Founder of Japan Retail Giant Daiei Dies (phillyBurbs.com)
		Daiei Inc., based in the western Japanese port city of Kobe, was founded in 1957 by Nakauchi, a charismatic businessman who was praised for bringing American-style, large-scale discount retail methods to a nation long dominated by mom and pop stores.
		Nakauchi was no longer involved in the day-to-day operations of Daiei after stepping down from the board in 2002, and the enormous influence over Japanese economic policy that he held decades ago vanished as Daiei fell from grace.
		Daiei Chief Executive Fumiko Hayashi and President Yasuyuki Higuchi praised Nakauchi's accomplishments, including the establishment of the university.
	www.phillyburbs.com /pb-dyn/news/24-09192005-543435.html (374 words)

	Siam Future : COMPANIES & FINANCE ASIA-PACIFIC: Daiei calls for calm as shares fall
		Daiei, Japan's largeststore group, was forced to make a public call for calm yesterday after its share price plunged 30 per cent to an all-time low of Y100.
		Daiei said it was in no danger of missing maturing bond obligations or its debt reduction targets this year.
		Daiei said it had sent a statement to Moody's in protest against its decision to downgrade its rating.
	www.siamfuture.com /asiannews/asiannewstxt.asp?aid=1684 (977 words)

	BBC News \| BUSINESS \| Daiei could get debt relief
		Shares in the Japanese supermarket chain Daiei have jumped after a newspaper report said four of its creditors are considering ways of easing its debt burden.
		The Mainichi Shimbun daily said that Daiei's four main creditor banks were mulling debt forgiveness through a debt-for-equity swap and other means of financial support.
		Daiei is estimated to have debts of about 2.31 trillion yen ($17.5bn) and its share price has fallen in recent months as investors worried it could go the same way as rival chain Mycal.
	news.bbc.co.uk /hi/english/business/newsid_1750000/1750116.stm (345 words)

	Honolulu Star-Bulletin Business /2005/01/18/
		A key consideration for the IRCJ will be which of the rival suitors has the most money to help Kobe-based Daiei in its third bailout attempt in as many years.
		Daiei, which runs 63 supermarkets and 182 general merchandise stores, said last month it will close 53 unprofitable outlets.
		Daiei aims to cut its debt to $3.8 billion by February 2010, targeting $426 million operating profit -- sales minus the cost of goods sold -- in that year, the Mainichi newspaper reported last week, without saying where it got the information.
	starbulletin.com /2005/01/18/business/story3.html (459 words)

	CNN.com - Japan's debt-laden Daiei downgrades - March 19, 2001
		Based in Kobe, Daiei is one of Japan's largest retailers, with assets including a majority stake in the national Lawson convenience store chain and more than 100 other subsidiaries that operate across the retail, restaurant, hotel, and real estate sectors.
		Daiei has also said it plans to close 10 per cent of its stores and cut its staff by 4,000 employees to 26,000.
		Daiei is not alone in struggling against Japan's prolonged period of deflation and lack of willingness among consumers to spend.
	edition.cnn.com /2001/BUSINESS/asia/03/19/japan.daiei (545 words)

	daiei (Site not responding. Last check: 2007-10-09)
		Daiei Inc. is one of Japan's largest supermarket chains.
		It expanded rapidly but suffered from outstanding debts in the post bubble 1990s and the early part of the 21st century.
		It is the owner of the Fukuoka Daiei Hawks.
	www.yourencyclopedia.net /Daiei.html (110 words)

	UNI : Wal-Mart lost Daiei restructuring to Marubeni
		It is a large shareholder in one of Daiei's supermarket chains, Maruetsu.
		Daiei is Japan's third largest supermarket chain with 32,000 workers.
		Its main problem is not that the stores would do badly, but it has accumulated large debts in the 1980's, which have put its continued existence in danger.
	www.union-network.org /unicommerce.nsf/1/676CC40F5C093151C1256FBE003B1318?OpenDocument (328 words)

	Honolulu Star-Bulletin News /2005/02/04/
		Daiei has four different landlords on Oahu, including the real estate division of Alexander & Baldwin Inc., which announced a $19.3 million purchase of the 176,000 square feet of land underneath Daiei's Kaheka store on Tuesday.
		Sofos cited the possible loss of employment for Daiei workers, loss of business for Daiei's local suppliers, loss of revenue for Daiei's small-business tenants, the loss of general excise tax revenue for the government and the potential for severe economic damage to its landlords.
		Daiei, one of Japan's largest retailers, lists more than $9 billion in debt, most of which was amassed during the post-quake economy of the late 1990s.
	starbulletin.com /2005/02/04/news/story1.html (1376 words)

	Honolulu Star-Bulletin Business
		Daiei did not respond by noon today to the bailout agency's midnight deadline for the retailer to decide whether to apply for rescue help, an IRCJ senior official said.
		Daiei's future led to a dispute yesterday within the Japanese government that included a statement from Chief Cabinet Secretary Hiroyuki Hosoda, the government's official spokesman, who said Prime Minister Junichiro Koizumi wants Daiei and its lenders to resolve the aid issue on their own.
		Daiei said in a statement today that it will continue negotiating with its three creditors and other parties it didn't name.
	starbulletin.com /2004/10/13/business/story2.html (497 words)

	Japanese retailer Daiei sees profit slump
		Daiei, the struggling Japanese supermarket operator, said its headline pretax profits almost halved in the first half to August, hit by weak sales.
		Daiei said a better than expected performance at its credit card division had partly offset a decline in profits at the retail division.
		Daiei, which has been in financial difficulties for years, is restructuring under a government-led three-year program, with up to 53 stores slated for closure by February 2008.
	www.turkishpress.com /news.asp?id=74851 (247 words)

	Bloomberg.com: Japan (Site not responding. Last check: 2007-10-09)
		Daiei's three main lenders -- UFJ, Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. -- had hoped to convince Daiei's executives to accept IRCJ support by the end of August in order to give the agency enough time to develop a plan.
		Daiei's three lenders provided a total of 520 billion yen in two previous rescue bids in 2001 and 2002.
		Daiei, which was once Japan's biggest retailer, has been selling assets to bring its debt down to about 1 trillion yen, and plans to halve it again by the end of its business year on Feb. 28.
	quote.bloomberg.com /apps/news?pid=10000101&sid=a.1Azk2Enr7s&refer=japan (824 words)

	Wal-Mart may invest in Daiei - The Honolulu Advertiser - Hawaii's Newspaper
		Daiei's shares jumped 27 percent to $2.15 after the news broke.
		Daiei has come to symbolize heavily indebted Japanese companies that overexpanded before the country's "bubble economy" burst in the early 1990s.
		Daiei owes creditors $9.77 billion — much of it to UFJ Holdings, a major Japanese bank seeking to clean up its own balance sheet ahead of a possible merger with Mitsubishi Tokyo Financial Group.
	the.honoluluadvertiser.com /article/2004/Aug/20/bz/bz08a.html (630 words)

	Bloomberg.com: Asia
		Kobe-based Daiei has been under the control of the state-run Industrial Revitalization Corp. of Japan since October, when it failed to win banks' support for a plan to cut its debt of about 1 trillion yen ($9.5 billion).
		Daiei said on Feb. 4 it expects a full-year net loss of 510 billion yen for the 12 months to Feb. 28 because of the costs to close stores and write down the value of assets.
		Daiei, which operates 63 supermarkets and 182 general merchandise stores in Japan, will close as many as 53 outlets, the IRCJ said on Dec. 28.
	www.bloomberg.com /apps/news?pid=10000080&sid=aHAfmYU5MWZU&refer=asia (836 words)

	Forbes.com: RETAIL-JAPAN-DAIEI (UPDATE 1) (Site not responding. Last check: 2007-10-09)
		Shares of Daiei, Japan's third-biggest retail group, soared on the report, rising 10.83 percent to 266 yen, compared with a 1.69 percent gain by the benchmark Nikkei average <.N225>.
		Daiei is likely to sell its stadium and hotel to Colony Capital LLC, a source close to the issue has said, adding that the Los Angeles-based U.S. investment firm would likely take over around 60 billion yen of the debt.
		Kobe-based Daiei, which earlier this month decided not to seek assistance from the state-backed Industrial Revitalisation Corp of Japan for its Fukuoka operations, said nothing concrete had been decided.
	www.forbes.com /markets/newswire/2003/10/29/rtr1126698.html (633 words)

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