Marubeni Corp is to take at least a 33.4% stake in the candy-wholesaling unit of Hasegawa, which is being spun off in April.
 
Japanese press reports said the new company will be capitalised at JPY200-300m (US$1.75m). It will become a Marubeni equity-method affiliate.

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Hasegawa has been suffering recently after major customer Lawson Inc changed its confectionary transactions to a Mitsubishi Corp. wholesale affiliate in October.


Some staff cuts and other cost-cutting efforts are expected before the spinoff.

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