Zentoshin, an Osaka-based credit card payment processor, filed for bankruptcy on Monday. The filing affects banks and restaurants that rely on its services.
Zentoshin, based in Osaka, submitted its bankruptcy filing on Monday.
The company processes credit card payments and its collapse is reported to impact banks and restaurants.
The Japan Times reported the development with reference to Japanese courts and the Financial Services Agency.
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Starbucks Korea's 'Tank Day' promotion, launched on May 18, has triggered widespread backlash, causing a sharp sales drop and raising financial risks for parent Shinsegae Group.
Zentoshin, an Osaka-based credit card payment processor, has received approval to begin bankruptcy proceedings.
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Sixty-three creditors are pursuing claims totaling ¥115.16 billion following the collapse of Osaka-based payments firm Zentoshin.
Kings Pride Properties Limited a annoncé la cessation de ses activités au Kenya après plus de huit ans dans le secteur de la promotion immobilière. La Haute Cour de Nairobi a émis une ordonnance de liquidation, nommé un liquidateur et accordé aux créanciers un délai de 30 jours pour soumettre leurs dossiers. Cette fermeture affectera près de 300 employés kényans.
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ASICS announced on June 10 that it will spin off its Onitsuka Tiger sneaker brand into a new wholly owned subsidiary called OT Group Corp to speed up decision-making amid strong demand from foreign tourists.
Toshifumi Suzuki, the businessman who introduced 7-Eleven stores to Japan, has died at the age of 93.
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Two men backed a car into a shop in Osaka's Naniwa Ward on Tuesday, stealing Pokemon cards and other items worth 1.5 million yen. Street security footage captured the incident at 3:45 a.m., according to police. An employee expressed fears of a repeat attack.