Aiful CEO’s Son Becomes Lender’s No. 2 Shareholder

Yoshitaka Fukuda, chief executive officer of Aiful Corp., sold an 11.8 percent stake of the company to his son Mitsuhide Fukuda, making him the consumer lender’s second-biggest shareholder, the Kyoto-based company said in a statement to the Tokyo Stock Exchange today.

Yasutaka Fukuda, a brother of the CEO, also sold a 1.3 percent stake of Aiful to Mitsuhide Fukuda, who now holds a 13 percent stake of the company, it said in the statement without giving a reason for the sales.

President Fukuda has no plans to step down from his current post, spokesman Hirofumi Haruguchi said, without elaborating.

To contact the reporter on this story: Shigeru Sato in Tokyo at ssato10@bloomberg.net; Takako Taniguchi in Tokyo at ttaniguchi4@bloomberg.net.

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net.

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