Nichi-Iko Aims To Regroup As It Enters Turnaround Process
As Japanese Firm Registers Huge Financial Impairments And Fails To Meet Forecasts
• By David Wallace
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Japan’s Nichi-Iko has formally entered a business turnaround alternative dispute resolution process that will see the company outline a business rehabilitation plan involving management restructuring and a fresh profit structure, following financial underperformance in the wake of recent quality issues.
Nichi-Iko has formally entered a Business Turnaround ADR process • Source: Shutterstock
Japan’s Nichi-Iko has capped off a financial year of turmoil for the company by formally entering a business turnaround alternative dispute resolution process.
The process – which allows Japanese companies facing financial difficulties to reassess and restructure – will see Nichi-Iko outline a...
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