It’sOva: probably the only part of the situation that anyone can laugh at. Nova files for bankruptcy with debt of ¥43.9 billion Not surprised, but it’s still bittersweet. The crippling blow came in June, when the Ministry of Economy, Trade and Industry ordered Nova to partially suspend business because of false advertising. The penalty, which [...]
Entries Tagged as 'Nova'
Roasted Bunny
October 26th, 2007 · Comments Off
Bunny: Redux
October 7th, 2007 · Comments Off
Things have only gotten more interesting in the last month. I’ve enjoyed the Facebook groups as a venue for re-connecting with old friends from either stint in Japan but they’ve also given me far more information about the current state of the bunny. Nova Collapse Feared is certainly an attention-garnering headline, but it doesn’t say [...]
Bunny Goes Bust?
September 16th, 2007 · 2 Comments
So it seems that NOVA’s financial struggles, due in part to their METI sanction handed down in June, have come to a head with teachers not being paid according to their contract. Reports had surfaced last month of a huge operating loss, but I admit I’m somewhat surprised. I guess I just didn’t think it [...]