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Michinori Holdings

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Michinori Holdings, Inc.
Native name
みちのりホールディングス
Muchinori Hourudhingusu kabushiki-gaisha
Company typePublic K.K.
FoundedMarch 16, 2009; 15 years ago (2009-03-16)
Headquarters
1-9-2 Marunouchi, Chiyoda-ku, Tokyo (東京都千代田区丸の内1-9-2 グラントウキョウサウスタワー8階)
,
Japan
Key people
Jun Matsumoto[1]
OwnerIndustrial Growth Platform, Inc.
Number of employees
4,900
ParentIndustrial Growth Platform, Inc.
SubsidiariesFukushima Transportation, Shonan Monorail, Sado Kisen, Aizu Bus, Kanto Transportation, Northern Iwate Transportation, Ibaraki Kotsu, HIGASHINIHON KOTSU
Websitewww.michinori.co.jp/index.html

The Michinori Holdings, Inc. (株式会社みちのりホールディングス, Kabushiki-gaisha Michinori Hourudhingusu) is a holding company headquartered in Chiyoda, Tokyo and a wholly owned subsidiary of the Industrial Growth Platform, Inc.. This company's purposes are that they rehabilitate companies which have so much liability that they could not handle and act as an administrator of assets. Michinori Holdings manages business, keeps on holding shares of subsidiaries until the company returns to financial stability and viability. By acquiring a lot of shares of deficit companies, now, this company holds and operates five companies which are mainly operating bus department, a ferry company and two railway companies that operates monorail and train respectively as of 2022. Partly routes of the expressway buses which are operated by affiliated companies of Michinori Holdings are named "Michinori Express" (MEX)[2] designed by Yasuyuki Kawanishi who designed WEST EXPRESS GINGA.[1]

MEX of Northern Iwate Transportation

Affiliated companies

There are other companies on below-mentioned.

Aizu Bus

Aizu Bus Co.,Ltd.
Hino Selega (They are used for a lot of highway buses)
ParentMichinori Holdings
Founded21 March 1943
Headquarters195 Byakkocho, Aizu-wakamatsu, Fukushima, Japan (福島県会津若松市白虎町195)
Service areaFukushima
Service typeBus
RoutesRoutemap
Chief executive佐藤 俊材
WebsiteAizu Bus(in Japanese)

The Aizu Bus CO., LTD. (会津乗合自動車株式会社, Aizu noriai jidousha Kabushiki gaisya) is an affiliated company of Michinori Holdings. Tobu Group had had shares of this company until 2011.[3]

Outline

The bus company was established on 21 March 1943.[4] Aizu Bus operates bus routes around Aizu-Wakamatsu in Fukushima Prefecture. And, a lot of bus routes based on Aizu-Tajima Station and Aizukogen-Ozeguchi Station, Aizu-Wakamatsu Station. Service area has many tourist spots, which are Ouchijuku, Tō-no-Hetsuri, Tsuruga Castle, Lake Inawashiro, Mount Bandai, Oze National Park. Its Headquarters are 195 Byakkocho, Aizu Wakamatsu

History

  • On 21 March 1943 the company wa established; Later that year, there were routes transferred to it from due to unification when World War II, including the routes of Kihan Motor, thus determining determined present service area.
  • In December 1953 - Transferred bus routes between Aizu-Tajima Station and Kinugawaonsen Station from Tobu Railway.
  • On 10 July - "Aizu-Wakamatsu - Koriyama - Iwaki Line" was operated as "limited express" with Fukushima Transportation and Joban Kotsu Motor
  • On 9 October 1987 - As Yagan Railway was open to traffic, discontinued bus routes between Aizu-Tajima and Kinugawaonsen.
  • On 20 January 1996, - "Aizu-Wakamatsu - Koriyama - Iwaki Line" was operated as "Expressway bus" and ran via Joban Expressway. On 24 May - Commenced operating Low Emission Bus between Aizu-Tajima Station and Oze National Park.
  • On 2 October 1997 - Commenced operating "Aizu-Wakamatsu - Niigata Line" as "Expressway bus" with Niigata Kotsu.
  • On 1 October 2009 - Aizu Taxi merged into Aizu Bus.
  • On 2 December 2010 - Determined to be support by "Regional Economy Vitalization Corporation of Japan"[5][6][3]
  • On 2 August 2013, "Regional Economy Vitalization Corporation of Japan" which is a share holder transferred shares to Michinori Holdings.[7][8][9] On 30 Augustthe transfer of share was completed, and since then bus company has belongs to Michinori Holdings.

Bus routes

Route buses

Routemap

Highway buses

Taxi Departmnet

  • Aizu Taxi

Subsidiary companies

See also

Headquarters had located Oshiage, Sumida, Tokyo which there had been also a headquarters of Tobu Railway until 2011.[3]

Further reading

Kanto Transportation

Kanto Transportation, Inc.
ParentMichinori Holdings
Founded8 May 1927
Headquarters4-25-5 Yanase, Utsunomiya, Tochigi, Japan (栃木県宇都宮市簗瀬四丁目25番5号)
Service areaTochigi
Service typeBus
RoutesRoute bus map, Expressway bus map
Chief executiveGen Yoshida[12][13]
WebsiteKanto Bus(in Japanese)

The Kanto Transportation, Inc. (関東自動車株式会社, Kanto jidosha Kabushiki gaisha) is a subsidiary company of Michinori Holdings.

Outline

The bus company was established as Kanto Motor LLC in 1923. And, as this company acquired other companies, changed Kanto Motor LLC to Kanto Transportation, Inc. on 8 May 1927. This company requested support for management from Industrial Revitalization Corporattion of Japan and determined to be support from the organization in 2004 due to financial difficulties. And, this company had belonged to Jay Coach which is an affiliated company of Jay Will Partners until 2012,[14] this company has belonged to Michinori Holdings since 2012. What was more, this company acquired Toya Kotsu on 1 October 2018. What is more, this company capitalizes Utsunomiya Light Rail at 11%.

Office

Headquarters 4-25-5 Yanase, Utsunomiya, Tochigi

Bus Routes

Expressway Buses

Maronnier
Mapple
Salvia
Horse chestnut tree
Kita-Kanto Liner

Community Buses

KIBUNA[15]
Kamigochi Bus[16]
Ashikaga Municipal Bus
Tochigi Municipal Bus[17]
RI-BUS[19]
Nikko Municipal Bus
O-BUS

Affiliated companies

Nasu Ropeway

The bus company also operates a ropeway on Mount Nasu.

Vehicle of Nasu Ropeway "RINDO"
Data
  • Length:812m
  • Vertical interval:294m
  • Capacity:111人
  • Time:3 minutes 40 seconds
  • Stations:Second
Stations
Nasu Ropeway Sanroku Station

Transfer onto bus routes bound for Nasu-Shiobara Station

Nasu Ropeway Sancho Station

It is located 9 station of Mount Chausu

Yashio Kanko Bus

Yashio Kanko Bus K.K.
ParentKanto Transportation
FoundedJune 1984
Headquarters528-11 Sankumachi, Nasu-Shiobara, Tochigi, Japan (栃木県那須塩原市三区町528-11)
Service areaTochigi
Service typeBus
WebsiteYashio Kanko BUs(in Japanese)

The Yashio Kanko Bus K.K. (やしお観光バス株式会社, Yashio Kankou Basu Kabushiki gaisha) had been a subsidiary company of Toya Kotsu belonged to Tobu Railway until 2016, and had belonged to Toya Kotsu of Michinori Holdings since 2016 until Toya Kotsu merged into Kanto Transportation in 2018. Now, this bus company belongs to Kanto Transportation of Michinori Holdings.

Outline

  • In June 1984 : This company was established as chartered bus department was transferred from Toya Kotsu
  • On 1 December 2016 : This company belonged to Michinori Holdings as Toya Kotsu which was a parent company defected from Tobu Railway and had belonged to Michinori Holdings
  • In October 2018 : Toya Kotsu was merged into Kanto Transportation so this company became an affiliated company of Kanto Transportation
Bus routes
Nasukarasuyama Municipal Bus
Nasushiobara Municipal Bus
Nakagawa Community Bus

Discontinued companies

Toya Kotsu

Toya Kotsu Co.,Ltd.
ParentMichinori Holdings (Tobu Railway until 2016)
Founded9 February 1916
Headquarters19-8 Hirade Kogyo Danchi, Utsunomiya, Tochigi, Japan (栃木県宇都宮市平出工業団地19番地8)
Service areaTochigi
Service typeBus
Chief executiveMotofumi Teduka (until 2018)
WebsiteToya Kotsu(in Japanese)

The Toya Kotsu Co.,Ltd. (東野交通株式会社, Touya Koutsuu Kabushiki gaisha) had been a subsidiary company of Tobu Railway until 2016, and had belonged to Michinori Holdings since 2016 until this company merged into Kanto Transportation in 2018.

Outline

This bus company was established as Toya Railway in 1916. This company commneced operating bus routes in 1928. The firm acquired other bus companies by 1934. This company had belonged to Tobu Railway since 1964 until shares was transferred to Michinori Holdings in 2016.[21] Toya Railway discontinued railway line in 1968. This corporation was renamed to Toya Kotsu in June 1969. In 2018, this company was merged into Kanto Transportation.[22]

  • Nasu Ropeway and Yashio Kanko Bus had been an affiliated company until 2018.
Toya Railway

This railway line was discontinued in 1968. The stations between Yutsuue Station and Nasu-Ogawa Station were discontinued in 1939. There were a plan for extending to Hitachi-Daigo Station from Nasu-Oagawa Station.

Toya Railway
km
0.0
Nishi-Nasuno
1.6
Nogi-Jinja mae
3.7
Daiko mae
4.6
Otawara
Otawara tunnel
Sabi River
6.3
Nakatawara
9.8
Kanemarubara
11.7
Shirohata Joshi mae
13.1
Kurobane
↑ closed 1968
↓ closed 1939
Sawara
16.2
Yutsuue
Kasaishi mae
21.3
Sarado
Houki River
24.4
Nasu-Ogawa

Northern Iwate Transportation

Northern Iwate Transportation Inc.
Isuzu TX produced in 1968
ParentMichinori Holdings
Founded13 October 1943
Headquarters1-17-18 Kuriyagawa, Morioka, Iwate (岩手県盛岡市厨川1-17-18)
Service typeLand Transportation (Buses)
Websitehttp://www.iwate-kenpokubus.co.jp/

The Northern Iwate Transportation (岩手県北自動車株式会社, Iwate kenpoku jidosha Kabushiki-gaisha) has been a bus company within the Michinori Holdings until 2010, was established on 13 October 1943 as Iwate Kenpoku Motor and on 26 April 2009 as Northern Iwate Transportation.

Outline

The corporation was established on 13 April 1943 as Iwate Kenpoku Motor, as following consolidation of bus companies in Iwate when World War II. On 1 April 2010, the firm was an affiliated company of Michinori Holdings.[23]

In 2016, Michinori Holdings tried transferring Nambu Bus to this company.[24][25][26][27][28] Business of Nambu Bus was inherit to Northern Iwate Transportation.[29][30] And, this company established Nambu Branch for former Nambu Bus.

This company invested Iwate Galaxy Railway Line.

Office

Headquarter

Bus routes

Expressway Bus

Beam.1

Location Depots Beam.1 Note
Yokohama

Miyako
Yokohama

Miyako
Kanagawa Prefecture Yokohama Station Tranck.17
Tokyo Shinagawa Station
Iwate Prefecture Morioka-minami
Morioka Station
Miyako, Iwate Miyako Station Track.6
Yamada Branch
Michi no Eki YAMADA

Urban

Asunaro

Location Depots Asunaro Note
Morioka

Aomori
Morioka

Aomori
Iwate Prefecture Morioka Station Track.23
Akita Prefecture Hanawa ◎/◆ ◎/◇
Kosaka Highschool
Aomori Prefecture 平川市 Ikarigaseki
Botandaira
Aomori, Aomori Hagurodaira Namioka
Aomori-Ono
Yanagimachi Dori
Shinmachi 2 chome
Aomori Station Track.9
Aomori Ferry Terminal

YODEL

Location Depots Yodel
Morioka

Hirosaki
Morioka

Hirosaki
Note
Iwate Prefecture Morioka Station Track.23
Aomori Prefecture Tohoku-Owani
Hirosaki Station Track.1
Hirosaki BT Track.2

Umineko

Location Depots Umineko Note
Sendai

Hachinohe
Sendai

Hachinohe
Miyagi Prefecture Sendai Station
Track.74, 75
Aomori Prefecture Hachinohe Inter
Baba
Hachinohe Down Town BT
Hon-Hachinohe Station
Hachinohe LAPIA BT Track.4

Hachimori

Michinoku

Depots Odate Morioka   Location
Iwate Medical University Iwate Prefecture
Morinomichi minami Morioka, Iwate
Morioka Station
Sakigata
Morioka Inter
Ashiro Junction Hachimantai, Iwate
Ashiro Interchange
Tayama Parking Area
Kaduno Hachimantai Interchange Akita Prefecture Kazuno, Akita
Kaduno Antora mae
Kazuno-Hanawa Station
Kemanai
Otaki Onsen Odate, Akita
Hinaicho iriguchi
Odate
Itoku Odate Shopping Mall -
Shuhoku Bus Headquarter
Odate Station
Itoku Odate Shopping Mall -

Michinori express

Nambu Bus

Nanbu Bus Co.,Ltd.
Founded21 February 1926
Headquarters6-79 Korekawa-Futatsuya, Hachinohe, Aomori, Japan (青森県八戸市是川二ツ屋6-79)
Service areaAomori
Service typeBus
WebsiteNanbu Bus(in Japanese)

This bus company was merged into Northern Iwate Transportation in 2017, and the company was discontinued in 2018.

History

  • On 21 February 1926 - Establishment as Gonohe Electric Railway[31]
  • On 23 August 1929 - Gonohe Electric Railway between Shirinai Station and Kami-Shichizaki Station was open to traffic
  • On 10 October 1929 - Gonohe Electric Railway between Kami-Shichizaki Shitogishi was open to traffic
  • On 1 April 1930 - Gonohe Electric Railway between Shitogishi and Gonohe Station was open to traffic
  • On 28 October 1931 - This company made inroads bus business so acquired Gonohe Bus LLC
  • On 5 May 1936 - Renamed Gonohe Railway
  • On 1 January 1945 - Renamed Nanbu Railway
  • On 17 May 1968 - Suspension of this railway line from the effect of 1968 Tokachi earthquake
  • On 1 April 1969 - Discontinued railway business and specialized bus business because of the earthquake
  • On 30 May 1970 - Renamed Nanbu Bus
  • On 1 March 2017 - Transferred all business to Northern Iwate Transportation
Nanbu Railway
Nanbu Railway
km
0.0
Shiriuchi
1.2
Harita
3.0
Shohoji
4.9
Shichizaki
6.2
Toyozaki
6.3
Kami-Shichizaki
closed
1929
7.8
Shitogishi
Jizotai tunnel (253 m)
9.6
Kenritsu-Shukeijo mae
12.3
Gonohe

Ibaraki Kotsu

Ibaraki Kotsu Company, Limited
ParentMichinori Holdings
Founded27 March 2009
Headquarters3-5-36 Hakamaduka, Mito, Ibaraki, Japan (茨城県水戸市袴塚三丁目5番36号)
Service areaIbaraki
Service typeBus
Chief executive任田 正史
WebsiteIbaraki Kotsu(in Japanese)

Ibaraki Kotsu茨城交通 - Ibaraki Koutsu kabushiki gaisha)is a bus company, which operates a lot of route buses in Ibaraki. In 2009, Ibaraki Kotsu was renewed from former company.

Outline

The service area is based on Mito Station, and spreads the northern and the central of Ibaraki prefecture and the southern of Tochigi Prefecture.[32]

In October 1992, Ibako Kenhoku Bus was established because of rationalizing business, but in February 2010 the company was merged into Ibaraki Kotsu. On 1 June 2010, Ibaraki Auto was merged into Ibaraki Kotsu.

In 2008, Ibaraki Kotsu Minato Line was transferred to Hitachinaka Seaside Railway.

Hitachi Dentetsu Kotsu Service was merged into this company on 1 May 2019, and then Hitachi Dentetsu Taxi was renamed to Dentetsu Taxi.[33]

Nanohana Kotsu which was a tourist bus company has belonged to Michinori Holdings by becoming an affiliated company of Ibaraki Kotsu.[34]

History

Before merging into Ibaraki Kotsu

Former companies were below-mentioned three.

Suihin Densha
  • Established in 1921.
  • Discontinued in 1966
    • Ibaraki Kotsu Suihin Line
Ibaraki Kotsu Suihin Line
km
closed
1968
Daigaku mae
0.0
 
Hakamaduka
 
0.0
Kami Mito
Akatsuka
0.4
0.3
Yanaka
0.5
Bakurocho iriguchi
0.7
Itchu mae*
1.0
Sunakubocho
1.4
koenguchi
1.8
Daikucho
2.0
Izumimachi 3 chome
2.2
Izumimachi 1 chome*
2.5
Minamimachi 4 chome
2.8
Minamimachi 3 chome
3.1
Mito Chuo Yubinkyoku mae
3.6
Mito Eki mae
Mito
Sakumacho
4.0
Sanko shita
Nakagawa
closed
1984
4.3
Ikko shita
Sakumachi
?5.0
Higashi Sakumachi
?5.4
Hon 1 chome
Konyamachi
?5.7
Hon 3 chome
?5.9
Hon 5 chome
6.3
Hamada
7.5
Tanida
8.5
Rokuhanda
9.5
Kurizaki
10.0
Higashimae
11.6
Ogushi
11.3
Inarisho-shita
12.6
Shiogasaki
14.1
Hirado
15.1
Isohama
15.5
Onuki
16.4
Magarimatsu
Nakamchi
17.4
Tokodai
Oarai
closed
1945
18.0
Oarai
opened
1945
18.4
Shukumachi
Gannyu-ji iriguchi
20.0
Kaimonbashi
20.5
Minato
km
Ibaraki Railway
  • Established in 1923.
  • Discontinued in 1971.
    • Ibaraki Kotsu Ibaraki Line
Minato Railway

Former Ibaraki Kotsu

Ibaraki Kotsu was established on 1 August 1944 due to integration when World War II.

Requested Civil Rehabilitation of Ibaraki Kotsu

Ibaraki Kotsu had too debt, so the company tried to be applied Civil Rehabilitation Act.[35] On 19 November 2008, determined to reconstruct the company. On 27 March 2009, Industrial Growth Platform commenced supporting for the company, and then established IBAKO Co.,Ltd. which inherited from assets of Ibaraki Kotsu.

Route buses

Affiliated companies

Hitachi Dentetsu Kotsu

Hitachi Dentetsu Kotsu Service Co.,Ltd.
ParentMichinori Holdings
Service areaIbaraki
Service typeBus
WebsiteHitachi Dentetsu Kotsu(in Japanese)

Hitachi Dentetsu Kotsu Service日立電鉄交通サービス - Hitachi Dentetsu Koutsu Sa-bisu kabushiki gaisha)was a bus company, which operated many bus routes in Ibaraki. In 2019, this company was discontinued as merged into Ibaraki Kotsu. Until 1 April 2005, this company had operated Hitachi Electric Railway Line.[36]

Higashinihon Kotsu

Higashinihon Kotsu Company, Limited
ParentMichinori Holdings
Founded16 January 1979[37]
Headquarters17-2 Yamagishi-Ohira, Morioka, Iwate, Japan (岩手県盛岡市山岸大平17-2)
Service areaIwate
Service typeBus
Chief executiveJun Matsumoto
WebsiteHigashinihon Kotsu(in Japanese)

Higashinihon Kotsu東日本交通 - Higashinihon Koutsu kabushiki gaisha)is a bus company, which operates route buses in Iwate.

Outline

The firm was established as Chuo Kanko in 1974. The registered persisting company was established on 16 January 1979 as Chuo Kanko LLC. On 24 April 2018, a manager requested acquisition from Michinori Holdings because of old age.[38]

Bus routes

Iwaizumi-Moichi Line

Since 1 April 2014, the company has operates bustitution of Iwaizumi Line.

Yamabushi Line

Hanamaki Airport Shuttle Bus

Parent Company

Industrial Growth Platform

Industrial Growth Platform, Inc.
Native name
株式会社経営共創基盤
Kabushiki gaisha Keiei-Kyoso Kiban
FoundedApril 3, 2007; 17 years ago (2007-04-03) (incorporation)
Headquarters
1-9-2 Marunouchi, Chiyoda-ku, Tokyo (東京都千代田区丸の内1-9-2 グラントウキョウサウスタワー17階)
,
Japan
Key people
Kazuhiko Toiyama (CEO)
OwnerN.E.CHEMCAT, KDDI, Sumitomo Corporation, Toho Bank, Nomura Holdings, Recruit Holdings, Resona Holdings, Bank of Yokohama, Sumitomo Mitsui Banking Corporation, Fuji Soft
SubsidiariesMichinori Holdings, Nanki-Shirahama Airport
Websitewww.igpi.co.jp

The Industrial Growth Platform, Inc. (株式会社経営共創基盤, Kabushiki gaisha Keiei-Kyoso Kiban) is a holding company located in Chiyoda, Tokyo. Its main operation is that it manages and has shares of the Michinori Holdings, Inc (株式会社みちのりホールディングス, Kabushiki gaisha Michinori Hourudhingusu) which is a wholly owned subsidiary providing services such as railway lines and bus routes in Japan. What is more, Nanki-Shirahama Airport is managed by this company. Besides, the company servants are transferred from Industrial Revitalization Corporation of Japan.[39] Main business was management reconstruction for companies that had too liabilities and weren't able to continue operating, but had also resources on business.

See also

References

  1. ^ a b About Michinori Holdings
  2. ^ Expressway bus was designed as "MEX" commnenced operating
  3. ^ a b c About transferring shares to Michinori Holdings
  4. ^ About Aizu Bus
  5. ^ About supporting
  6. ^ Avoid bankrupt due to support
  7. ^ About shares
  8. ^ Aizu Bus has belongs to Michinori Holdings
  9. ^ Announcement of transferring shares
  10. ^ "高速バス 喜多方⇔郡山". 会津乗合自動車. Retrieved 17 June 2018.
  11. ^ "高速バス 羽田空港・東京⇔猪苗代・裏磐梯". 会津乗合自動車. Retrieved 6 October 2019.
  12. ^ "関東自動車 新社長に吉田専務 手塚氏は相談役、6月就任". 下野新聞SOON.
  13. ^ "代表取締役社長交代のお知らせ" (PDF). みちのりホールディングス.
  14. ^ About transferring shares
  15. ^ About KIBUNA
  16. ^ About Kamigochi Bus
  17. ^ About Tochigi Micipal Bus
  18. ^ Transfer onto O-BUS bound for Oyama Station via Omoigawa Station
  19. ^ About RI-BUS
  20. ^ a b Transfer onto Kanto Transportation bound for Ujiie Station or Nishi-Nasuno Station
  21. ^ About transferring shares
  22. ^ About merging into Kanto Transportation
  23. ^ About transferring shares
  24. ^ 南部バス再生手続き、2~3月にも事業譲渡 Web東奥 2016年12月2日
  25. ^ 南部バス、再生法申請 岩手県北自動車に事業譲渡へ 日本経済新聞 2016年11月28日(2016年12月7日閲覧)
  26. ^ 青森の南部バスが再生法申請、負債26億円-旅行会社も譲渡へ トラベルビジョン 2016年11月30日(2016年12月7日閲覧)
  27. ^ 岩手県北自動車による南部バスの事業の承継について 岩手県北自動車 2016年12月28日
  28. ^ 事業譲渡契約締結に関するお知らせ 南部バス 2016年12月28日
  29. ^ 南部バス、事業譲渡を延期 28日見込み 3月から新体制 デーリー東北 2017年2月10日
  30. ^ 新生「南部バス」始動 - Web東奥(東奥日報)、2017年3月1日(水)配信、同年4月26日閲覧
  31. ^ 『地方鉄道及軌道一覧 : 昭和10年4月1日現在』『日本全国諸会社役員録. 第35回(昭和2年)』NDL
  32. ^ "センター試験 茨城大学・常磐大学会場へ増便します". 茨城交通株式会社. 茨城交通株式会社. 28 December 2018. Retrieved 16 January 2019.
  33. ^ "茨城交通株式会社と日立電鉄交通サービス株式会社の経営統合(合併)に関するお知らせ". 茨城交通株式会社. 茨城交通株式会社. 13 December 2018. Retrieved 25 December 2018.
  34. ^ About Nanohana Kotsu becoming an affiliated company of Ibaraki Kotsu
  35. ^ "大型倒産速報". 帝国データバンク. Archived from the original on 1 February 2009. Retrieved 20 December 2008.
  36. ^ About discontinuing Railway Line
  37. ^ About company
  38. ^ About this company
  39. ^ "Industrial Revitalization Corporation of Japan's" shares was held by Deposit Insurance Corporation of Japan, and this company was disbanded on 15 March 2007