Enterprise Turnaround Initiative Corporation of Japan
The Enterprise Turnaround Initiative Corporation of Japan (Japanese: 企業再生支援機構), or ETIC-J, is a Japanese incorporated company, 50 percent (10,000,000,000 yen) owned by the Japanese government 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 (Japanese: 産業再生機構), 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 (2010 - )
See also
- Chapter 11 (US)
- Insolvency (UK)
External links
- ETIC-J official site
- ETIC-J official site (Japanese)
- ETIC-J office in Japanese Cabinet Office (Japanese)
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