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TonenGeneral will acquire 99 percent of the shares of Exxon's Japanese arm, Exxon Mobil Yugen Kaisha, which currently owns more than 50 percent of the shares in TonenGeneral, for 302 billion yen in June to integrate the management.
On Sunday, Exxon announced in a statement that it will sell 99 percent of the shares of its local subsidiary, Exxon Mobil Yugen Kaisha, to TonenGeneral for JPY 302 billion (USD 3.
A spokesman for ExxonMobil Yugen Kaisha said the company is reviewing the new regulations, while declining to comment further.
TOKYO -- ExxonMobil Yugen Kaisha (EMYK) announced today that Japan Butyl Co.
Its Japanese unit ExxonMobil Yugen Kaisha reported its net profit in 2009 plunged 48.
Japanese central and local government officials continued to inspect the headquarters of another time-honored sweets maker, Ofuku Mochi Honke Yugen Kaisha, on Tuesday on suspicion it falsely labeled production dates and ingredients of its ''Ofuku Mochi'' rice cake, known as a souvenir for visitors to the Ise Jingu grand shrine in Ise, Mie Prefecture, for more than 25 years.
For a Yugen Kaisha (a format often favored by mom-and-pop stores), it was JPY3m, and for a Kabushiki Kaisha (a joint stock company), it was JPY10m--stiff enough sums to keep the riffraff out
The ExxonMobil Japan Group comprises ExxonMobil Yugen Kaisha and its related companies and subsidiaries including TonenGeneral Sekiyu K.