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; Takako Taniguchi in Tokyo at

To contact the editor responsible for this story: Philip Lagerkranser at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.