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Home > Company Index > Telecommunications > Miscellaneous End-User Communications Services > Hikari Tsushin, Inc.

Hikari Tsushin, Inc.
 NEWS FROM THE STANDARD
American VC in Asia Bows Out
Nov 25 2000 09:57 AM PST

Foreign Money Is Smart Money
Nov 13 2000 12:00 AM PST

Evite Sends Out an Invitation for a Buyer
Nov 06 2000 05:50 PM PST

Idealab: IPO Not a Good Idea Right Now
Oct 18 2000 07:06 PM PDT

International News Briefs
Oct 02 2000 12:00 AM PDT

 PROFILE
An agent for several mobile phone service companies, Hikari Tsushin acts as the middleman between telecommunications carriers and business and consumer end users. The company, which also sells mobile phones and other telecom products, has had to close more than 1,000 of its Hit Shops due to heavy losses. It now operates about 170 stores. The company's problems have not ended there. It has cut 1,400 workers and suffered the loss of top executives and investors due to delays in forming a restructuring plan. Despite its financial troubles, the company will continue to invest in IT start-ups through its subsidiary Hikari Tsushin Capital. CEO Yasumitsu Shigeta founded Hikari Tsushin in 1988.

 COMPETITION
Japan Telecom Co. Ltd. (dossier)
KDDI Corporation (dossier)
Nippon Telegraph and Telephone Corporation (NTT)

 DEALS
Deal: Kinzan.com Raises $17.1 Million
Date Announced: 06.28.00
Value of transaction (US $Mil): 17.1
Description: Relationship-management software company raises third-round funding from venture-capital investors.

Search all deals for this company

 FINANCIAL OVERVIEW
Fiscal Year-End: August
2000 Sales (mil.): 2,973.10
1-Yr. Sales Growth: 25.8%
Employees: 621
Revenue per employee: $4,787,600.64

 KEY PEOPLE
• Yasumitsu Shigeta
    CEO
• Hirokazu Mashita
    CFO

 CONTACT INFO
Ohtemachi Nomura Bldg.
Tokyo 100-0004, Japan
Phone: 81-3-3510-2300
Fax: 81-3-3510-2321
Online: Web Site

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