Laox Co.,Ltd.
TYO:8202 ISIN:JP3967000005
Laox CO., LTD. is a Japan-based company mainly engaged in the merchandising business. The Company operates in three business segments. The Merchandising segment operates electronic stores, which offer household electronics and appliances, information equipment, music instruments, hobby-related products, software and others. The Real Estate Leasing segment is engaged in the real estate leasing business. The Others segment is involved in the insurance agency business, the recycling of secondhand golf products and books, as well as the operation of telecommunication agencies. The Company has six subsidiaries.
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News
Asian Activities Report for December 19, 2011 includes: NTT Data Corporation (TYO:9613) is planning to commence a demonstration program in late January 2012 in Beijing, China; Hitachi (TYO:6501) and Founder Group (SHA:600601) have signed a cooperative agreement to provide SaaS cloud computing technology to the Chinese market; Electronics retailer Laox Co., Ltd. (TYO:8202), a subsidiary of Chinese home appliances retailer Suning (SHE:002024), will open its first store in China on 31 December 2011; China Internet Information Center (china.com.cn) and CMMB Vision Holdings Limited (HKG:0471) have signed an agreement to collaborate on multimedia services worldwide.
Asian markets received a strong lead from Wall Street and mostly opened higher this morning. But gains were trimmed in Tokyo share market after a stronger yen weighed on Japanese exporters. Meanwhile, concerns over companies' massive capital raising plans continue to dent the local sentiment.
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