RISA Partners holds a TSE Listing Commemorative Seminar (Nikkin)

Sep 17th, 2004

Corporate recovery service provider RISA Partners held a symposium on September 10th and 11th at the Keidanren Kaikan in Chiyoda-ku, Tokyo. Titled “Corporate recovery specific case studies and symposium,” it also commemorated RISA’s TSE Mothers listing back in March and was the second seminar held by RISA following last year. Sharing success stories of collaboration with RISA were Mr. Masahiro Koike, the finance service department chair at Hiroshima Bank, Ltd., Mr. Hisao Kita, the credit department executive chair and Mr. Teruhiko Hatanaka, department chair deputy at Kita-Nippon Bank, Ltd., and other bank representatives who handled the corporate recovery services. Over 100 attendants from corporate recovery service providers from financial institutions gather to participate in a lively Q&A and discussions.

At the beginning, RISA Partners President, Mr. Atsushi Imuta gave a speech and emphasized that “corporate recovery funds are fundamentally different from profit-driven investment funds. By carefully listening to each region’s concerns, we are merely assisting regional financial institutions that are supporting the revitalization of their base region.”

Mr. Koike of the Hiroshima Bank introduced the Shimanami servicer activities that begun in October, 2001 and the “corporate recovery business support system” they developed with Obic Ltd. Mr. Kita of the Kita-Nippon Bank introduced corporate group recovery examples that ranks in the top tier of his prefecture and collaborative purchase system that tied the major clients via network.

Other presentations included “Nagasakiya’s current recovery” by Mr. Hiroshi Hashimoto, the Nagasakiya administrator and president of Kyoden; “a golf course restructuring,” by Mr. Koichi Saihi of Misawa Resort golf business chairman; “a pachinko parlor restructuring” by Mr. Atsushi Ichihara, Grand Slam president; “corporate recovery example using IRCJ,” by Mr. Jun Matsumoto, a managing director at Industrial Revitalization Corporation of Japan.