

Japan Times: Bic Camera to turn Sofmap into subsidiary for 2 billion yen
Bic Camera Co. will acquire an absolute majority of outstanding voting shares in Sofmap...By obtaining the new shares, Bic Camera will have a 61.56 percent stake in Sofmap, up from 14.47 percent...Sofmap President Katsuji Sakuramoto said at the same news conference the company has been suffering from sluggish sales in recent years due to falling product prices and competition from rivals, but it aims to make "a V-shaped recovery"...more...