Kyosho purchased by Shinsei Bank investment fund

0 April 16, 2018, 10:08 a.m.

By Aaron Waldron
LiveRC.com

As previously reported by RedRC and Neobuggy, and first published by the news outlet of stock market exchange Nikkei, the Japanese financial institution Shinsei Bank has purchased Kyosho under its Silver Fund umbrella. The Nikkei article said the bank blamed the company’s financial situation on low domestic sales and that the company will now pursue greater sales across the Asian market. Katsumi Watanabe has assumed the role of President, with former company leader Aki Suzuki remaining in an advisory role.

You can read the Nikkei article here (the article is behind a paywall):
www.nikkei.com/article/DGXMZO29417550W8A410C1TJC000/

On the company information page of the Kyosho website, you can see the updated information:
rc.kyosho.com/en/kc_company2018/

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