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Article: Nippon Television corrects information on Yomiuri Shimbun chairman's stake.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- November 5, 2004
CopyrightCOPYRIGHT 2004 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nov. 5--TOKYO -- Nippon Television Network Corp. said Friday it has corrected its financial statements as shares reported as held by Tsuneo Watanabe, chairman of Yomiuri Shimbun Group Honsha, actually belong to the holding company of Japan's largest mass-circulation daily's business group, adding the practice has been in place for more than 30 years.
The network has submitted revised financial reports to the Kanto Local Finance Bureau because it found the incorrect information during a recent check following revelations that Seibu Railway Co. underreported equity stakes held by major shareholders, Nippon Television officials said.
The officials said the ...