Trading and finance
Yamaichi Securities 山一證券
The collapse that shocked Japan
Yamaichi was one of Japan's "Big Four" stockbrokers. In 1997 it admitted to hiding about ¥260 billion of losses off its books and announced it would close. Its president's tearful press conference became a symbol of the end of the bubble era.
- Founded
- 1897
- Meiji 30
- Founder
- Kunizō Koike
- Started in
- Tokyo
- Status
- Closed in 1997
Timeline
-
1897 (Meiji 30)
Founded in Tokyo by Kunizō Koike.
-
1965 (Shōwa 40)
Rescued with emergency loans from the Bank of Japan during a stock market slump.
-
1997 (Heisei 9)
Reveals hidden losses and announces it will close, one of the biggest corporate failures in post-war Japan.
Years in brackets are the Japanese era year. Japanese era converter →
Did you know?
At the press conference, president Shōhei Nozawa wept and said the employees were not to blame, a moment many people in Japan still remember.
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Dates follow the companies' own published histories where available. Trademarks belong to their owners; this page is not affiliated with any company listed.