Fujisan Shokai's core ice cream business has been hit hard by a cool summer, and cash flow within the company plunged sharply as business problems were compounded by losses in affiliated businesses such as its golf club investment.
Company sources said Fujisan Shokai is likely to get a financial bailout once the company is under court protection.
UFJ Bank, Fujisan Shokai's principal lender, has indicated that it would provide support to Fujisan through ''DIP finance,'' a lending arrangement aimed at bailing out companies that go through court-sanctioned restructuring.
In a bid to ascertain sophisticated aesthetics and greater efficiency, solar panels to be installed by Fujisan will be equipped with advanced Japanese technology, according to the official.
He added, Through Fujisan s renewable energy solutions, the country can achieve economically sound and greener alternative power sources for the next generation.
Fujisan Project Director Jay Maddatu has stated that the newly set up company is committed to facilitate a brighter future for the residents of the country through its strategy to make investments to develop solar power farms and plants across the nation.
Fujisan, established in 1953, has a roughly 20% share of Japan's ice cream wholesale market.
Fujisan Magazine Service (hereinfafter, "Fujisan") is Japan's first online bookshop providing access to various subscription magazines distributed as digital media over the Internet (http://www.
Fujisan currently provides customers with digital magazines from several publishing companies through its "Fujisan Digital" service.
Fujisan has been an integral part of our digital media business strategies as an affiliate held under the equity accounting method until now.
Dalian
Fujisan is featuring a full range of high quality thermal transfer ribbons for fax application and bar code printing.
Fujisan Club installed a biodegrading lavatory at the mountain's fifth station last year, but it will be the first time the club sets them up at the summit.
