Nosedive For A Net Highflier
Japanese entrepreneur Yasumitsu Shigeta was soaring. In February the market capitalization of his Hikari Tsushin Inc., a blazing-hot mobile-phone retailer and Internet investment firm, hit $72 billion, up nearly fivefold in six months. The upstart had become Japan's eighth-most-valuable company, right up there with Toyota Motor Corp. and Sony Corp. Shigeta, 35, was lauded as the kind of business leader Japan needs to build its new economy.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.