The Enterprise Turnaround Initiative Corporation of Japan (), or ETIC-J, is a Japanese incorporated company, 50 percent (10,000,000,000 yen) owned by the
Japanese government
The Government of Japan consists of legislative, executive and judiciary branches and is based on popular sovereignty. The Government runs under the framework established by the Constitution of Japan, adopted in 1947. It is a unitary state, c ...
and the rest by about 130 private enterprises, which was established in 2009 under the "Enterprise Turnaround Initiative Corporation Law", to support the turnaround of the small and medium-sized corporations that have found themselves in difficulties, in spite of some useful management capabilities. It continues the role of the Industrial Revitalization Corporation of Japan (), or IRC-J, that had existed from 2003 to 2007, under the same law.
Companies that have been supported by ETIC-J
* Small and medium-sized companies
*
Japan Airlines (2009 - 2012)
*
Willcom
Y!mobile is a Japanese mobile phone operator. Y!mobile is a brand used by SoftBank Corp., a subsidiary of Japanese telecommunications company SoftBank Group Corporation, that provides mobile telecommunications and ADSL services. The current CEO o ...
(2010 - )
See also
*
Chapter 11 (
US)
*
Insolvency
In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet i ...
(
UK)
External links
ETIC-J official site
ETIC-J official site
Government of Japan
Bankruptcy
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