IRCJIndustrial Revitalization Corp of Japan
IRCJIllinois Reading Council Journal (quarterly publication)
References in periodicals archive ?
The IRCJ, created in 2003 to help companies burdened with heavy debt, has been involved in the high-profile rehabilitation efforts by such companies as retailer Daiei Inc.
which is reportedly considering offering a helping hand to Daiei on condition the IRCJ participates.
His experience at the IRCJ, in particular, adds a dimension to our ability to advise Sun Capital given its focus on underperforming, turnaround, and special situation investing.
The IRCJ, created in 2003 to help companies burdened with heavy debt, has been involved in the rehabilitation of such companies as major retailer Daiei Inc.
Originally established to help banks weather the Non-Performing Loan (NPL) crisis by taking over and rehabilitating sick companies, the IRCJ in its first nine months has managed to acquire control of only a small
IRCJ Sets Off Moves by Banks & Buyout Firms that Accelerate Restructuring Process Japan's new Industrial Revitalization Corporation (IRCJ) is moving to revitalize struggling companies that can reorganize themselves in three years.
The IRCJ has invited bids for the two companies to be made by next Monday.
Analysts say the rigid conditions of the restructuring plan created by the IRCJ were difficult for the foreign bidders to meet.
We recently spoke to Saito about his outlook for the IRCJ.
Faced with financial hardships, however, it sought IRCJ aid in June last year.
4% ownership position would give the IRCJ the right to major decisions and could obstruct any radical restructuring plans proposed by outside investors.
But we were skeptical even before the corporation was established, and our skepticism has so far proven correct: The IRCJ is still muddling about with relatively minor local corporate revitalizations.