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SATO KOGYO PRESIDENT YOSHIDA BOWS AFTER ANNOUNCING CORPORATE FAILURE IN TOKYO, 2002-03-03 (photo)

IMAGE number
REU7739669
Image title
SATO KOGYO PRESIDENT YOSHIDA BOWS AFTER ANNOUNCING CORPORATE FAILURE IN TOKYO, 2002-03-03 (photo)
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Photographer
Eriko Sugita
Medium
photograph
Date
2002 AD (C21st AD)
Shooting Date
2002-03-03
Image description

Hiroshi Yoshida, president of Japanese mid-sized builder Sato Kogyo Co, bows deeply next to company lawyer Tadashi Shimizu at a news conference at the Tokyo Stock Exchange March 3, 2002, as he announced that the company has filed for court protection from creditors, marking Japan's biggest corporate failure so far this year. The 140-year-old firm, with 590 billion yen ($4.4 billion) in group debt, was Japan's ninth publicly-traded company to go under this calendar year and its second mid-sized builder to fail in the past three months, in a sector plagued by Japan's economic slump. REUTERS/Eriko Sugita ES/CP/JD

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REUTERS/Eriko Sugita / Bridgeman Images
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