409:
company declared that their major shareholders accounted only for 64 percent of the company's shareholders, but that, in reality, the major shareholders at Seibu actually owned 88 percent of the company's shares. Such bogus ownership statement is suspected to be illegal falsification. Major shareholders can only get up to 80 percent of a
Japanese company's stock to be listed on the
378:, Tsutsumi—then head of the Japan Olympic Committee—used his financial and political influence, as well as a connection to the International Olympic Committee president, to give Nagano an edge on the bid. He continued to work with them even after stepping down from the committee, and has been cited by former Japan Olympic Committee members as the reason for Nagano's successful bid.
25:
359:. He later served as the first chairman of the Japan Olympic Committee, resigning in 1990, after less than a year. Despite his resignation, he continued to exert significant control over the committee by selecting future chairmen, which effectively prevented his opponents from serving in the position.
309:
Tsutsumi was said to have inherited his father's personality; he claimed to have begun assisting his father's business in elementary school, beginning with simple tasks like holding blueprints. Though his father subjected him to physical discipline, Tsutsumi was said to be his favorite—something that
381:
The decision to host the Winter
Olympics in Nagano was heavily criticized by environmentalist groups, noting that the construction of the ski runs necessitated the removal of forestry, and the ski runs themselves infringed upon protected land. Also criticized was the financial conflict of interest:
408:
made an investigation on
Tsutsumi and the Seibu Corporation public to English readers. According to the paper, the Seibu corporation's headquarters were raided by police, who allegedly found evidence of several Japanese business law-breaking incidents. The police, for example, claimed that the
332:
In April 1964, Tsutsumi's father
Yasujirō died. Despite the disagreement of his widow Masao, the thirty-year-old Yoshiaki Tsutsumi inherited control of the Seibu Corporation. Most observers had expected the designated successor to be his elder half-brother
301:
and his mistress
Ishizaka Tsuneko. He was one of Yasujirō's seven children, and spent his childhood in a Tokyo suburb with Tsuneko and his two younger brothers, Yasuhiro and Yuji. When he was around 7 years old, he met his then-14-year-old half-brother
972:
419:
On March 3, 2005, Tsutsumi was arrested on suspicion of violation of securities trading law. Tsutsumi pleaded guilty, and on
October 27, 2005, the Tokyo District Court sentenced him to 30 months in prison,
949:
587:
362:
Tsutsumi's total net worth has been unclear, as it is unknown how much he owned in assets: he almost always refused interviews, and did not permit Seibu spokespeople to reveal company information.
344:
As chairman, Tsutsumi focused on developing and expanding the vast land holdings inherited from his father. At one point, his companies were believed to own one-sixth of all the land in Japan.
276:, which he controlled. In 1987, he had a net worth of $ 20 billion (approximately $ 46 billion in today's value). However, as a result of a series of scandals and his 2005 arrest, his
413:. That scandal was originally opened in 2002 in Japan, after which Tsutsumi was ordered by a court out of the company, but he remained in it, although at a much less paid employment.
416:
While multiple Seibu employees were involved in the scandal, Tsutsumi was considered the ringleader, as a result of position in the company and his authoritarian management style.
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Seibu
Corporation later sought legal action against Tsutsumi. The parties reached a settlement in 2016, with Seibu receiving ¥25.6 billion.
1075:
424:
for 4 years, and a fine of 5 million yen. His suspended sentence expired in
October 2009 and he remains indirectly a major shareholder in
866:
329:. Upon graduating in 1957, he was employed by Kokudo Keikaku Kogyo (later Kokudo Corporation), of which his father was the chairman.
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351:
and owned the Seibu
Tetsudo hockey club. Though he reportedly did not have much knowledge of baseball, 1979 saw his purchase of the
126:
1095:
107:
79:
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803:
Calvert, Jonathan; Connett, David; Gillard, Michael; Mackay, Duncan (1999-01-24). "Olympic scandal: There's all to pay for".
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325:
Tsutsumi made his earliest forays into business as a university student: in 1956, he opened the
Karuizawa Skate Center in
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57:
49:
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38:
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337:, who instead inherited the Seibu department stores. Though Seiji subsequently parlayed these stores into the
75:
404:
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A significant portion of Tsutsumi's business ventures went towards sports: he served as chairman of the
1001:
390:
For contributions to international ice hockey, Tsutsumi was inducted into the builder category of the
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empire, perceived rivalry between the two brothers' fiefdoms provided fodder for the popular press.
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listed Tsutsumi as the wealthiest person in the world during 1987–94 due to his extensive
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233:
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371:
338:
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273:
894:
861:
770:"Tsutsumi brought Olympic Games to Nagano, but tenure as JOC head had dark side".
679:
Miyano, Takeo (2005-01-13). "Seibu's shareholding methods turned into minefield".
635:. Vol. 309, no. 7571. 1988-10-08. p. 69 – via Gale OneFile.
352:
269:
716:
Father Bauer and the Great Experiment: The Genesis of Canadian Olympic Hockey
838:
719:
579:"Japan's King of the Mountain; The Man Who Made Nagano Also Owns Part of It"
530:
Nagaharu, Hayabusa (April 1988). "The Tsutsumi Brothers, Feuding Magnates".
277:
834:"Halla Group Chairman Chung Mong-won Inducted into the IIHF Hall of Fame"
664:
Arai, Takuya (2005-01-25). "No one to follow in Tsutsumi's footsteps".
646:"Tsutsumi held in fraud involving Seibu Railway financial statements".
282:
613:"Once world's richest man, Tsutsumi's arrest marks end of an era".
534:. Vol. 35, no. 2. The Asahi Shimbun – via ProQuest.
447:
Tsutsumi was the richest man on earth during 1987-94, says Forbes
306:; the two were said to have an immediate disdain for each other.
754:. The Associated Press. p. D2 – via Newspapers.com.
63:
from the article and its talk page, especially if potentially
18:
941:"Former world's richest man Tsutsumi settles suit with Seibu"
355:
baseball team and the construction of a new stadium in the
382:
many of the businesses in the region were owned by Seibu.
310:
gained him significant corporate and political influence.
895:"Seibu's Delisting Shows Harder Regulatory Line in Japan"
785:"Scandal-ridden Tsutsumi loses power over sports world".
979:
The Brothers: the hidden world of Japan's richest family
818:"Olympic Games: Nagano backs down over skiing course".
699:
Jennings, Andrew (1998-02-03). "A ski race to riches".
280:
has fallen to such an extent that he was taken off the
550:"10 Pacific Rim Giants Tread Own Path to Influence"
229:
209:
201:
193:
185:
175:
157:
141:
893:
748:"World's richest man just can't help being stingy"
924:"TSE, banks share blame for Seibu Rail scandal".
459:"Japan Keeps Hold on Billionaire List's Top Spot"
392:International Ice Hockey Federation Hall of Fame
297:Tsutsumi was born May 29, 1934, to businessman
253:
247:
8:
1101:Presidents of the Japanese Olympic Committee
822:. 1997-12-02. p. 31 – via Gale.
138:
56:about living persons that is unsourced or
993:Disgraced billionaire gets fine, not time
973:Forbes.com: Forbes World's Richest People
694:
692:
690:
127:Learn how and when to remove this message
398:Suspicions of insider trading and arrest
887:
885:
798:
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491:"Forbes list shows rich getting richer"
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1031:Japanese businesspeople in real estate
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260:is a Japanese businessman. During the
1002:Tycoon Tsutsumi found guilty of fraud
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7:
1051:21st-century Japanese businesspeople
1046:20th-century Japanese businesspeople
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624:
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523:
521:
519:
517:
515:
1061:People convicted of insider trading
867:International Ice Hockey Federation
1086:Japanese ice hockey administrators
14:
402:The January 17, 2005 edition of
23:
16:Japanese businessman (born 1934)
1081:Recipients of the Olympic Order
1056:Japanese white-collar criminals
981:. New York: Random House, Inc.
952:from the original on 2020-10-23
906:from the original on 2022-06-19
842:. Toronto, Ontario. 8 June 2022
590:from the original on 2022-06-19
501:from the original on 2007-03-11
471:from the original on 2017-05-20
928:. 2005-03-28 – via Gale.
807:. p. 16 – via Gale.
789:. 2005-01-26 – via Gale.
774:. 2005-03-04 – via Gale.
703:. p. 17 – via Gale.
650:. 2005-03-03 – via Gale.
617:. 2005-03-03 – via Gale.
1:
576:WuDunn, Sheryl (1998-02-06).
189:Chairman of Seibu Corporation
892:Morse, Andrew (2005-01-17).
489:Lash, Herbert (2007-03-08).
34:biography of a living person
1076:IIHF Hall of Fame inductees
746:Taketa, Mari (1987-08-23).
556:– via Newspapers.com.
548:Jameson, Sam (1991-05-21).
349:Japan Ice Hockey Federation
254:
61:must be removed immediately
1117:
321:Business and sports career
948:. Bloomberg. 2016-02-10.
248:
216:Ishizaka Tsuneko (mother)
148:
1071:Waseda University alumni
787:Kyodo News International
681:Kyodo News International
666:Kyodo News International
313:Tsutsumi graduated from
272:investments through the
262:Japanese economic bubble
149:
1096:1998 Winter Paralympics
977:Downer, Lesley (1994).
900:The Wall Street Journal
405:The Wall Street Journal
48:Please help by adding
1041:Japanese billionaires
714:Oliver, Greg (2017).
554:The Los Angeles Times
1091:1998 Winter Olympics
718:. Toronto, Ontario:
411:Tokyo Stock Exchange
376:1998 Winter Olympics
366:1998 Winter Olympics
287:list of billionaires
258:, born May 29, 1934)
54:Contentious material
1005:Japan Times Online.
926:The Yomiuri Shimbun
862:"IIHF Hall of Fame"
772:The Yomiuri Shimbun
648:The Yomiuri Shimbun
615:The Yomiuri Shimbun
532:The Japan Quarterly
76:"Yoshiaki Tsutsumi"
1036:Japanese hoteliers
631:"Brotherly hate".
584:The New York Times
357:greater Tokyo area
1007:October 28, 2005.
998:October 28, 2005.
729:978-1-77041-249-1
683:– via Gale.
668:– via Gale.
464:Los Angeles Times
315:Waseda University
299:Yasujirō Tsutsumi
274:Seibu Corporation
255:Tsutsumi Yoshiaki
243:Yoshiaki Tsutsumi
240:
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220:Yasujirō Tsutsumi
194:Years active
180:Waseda University
143:Yoshiaki Tsutsumi
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37:needs additional
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50:reliable sources
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722:. p. 185.
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176:Alma mater
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335:Seiji Tsutsumi
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304:Seiji Tsutsumi
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234:Seiji Tsutsumi
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954:. Retrieved
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908:. Retrieved
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844:. Retrieved
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805:The Observer
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701:The Guardian
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592:. Retrieved
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168:May 29, 1934
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43:verification
36:
1066:Seibu Group
1021:1934 births
353:Seibu Lions
270:real estate
1015:Categories
996:asahi.com.
956:2022-06-19
910:2022-06-19
594:2022-06-19
505:2022-06-19
475:2022-06-19
435:References
293:Early life
186:Occupation
164:1934-05-29
87:newspapers
720:ECW Press
422:suspended
394:in 1999.
317:in 1957.
289:in 2007.
278:net worth
230:Relatives
197:1964–2004
117:June 2022
39:citations
950:Archived
904:Archived
588:Archived
499:Archived
469:Archived
222:(father)
202:Children
65:libelous
846:30 June
495:Reuters
210:Parents
101:scholar
985:
874:1 July
870:. 2023
726:
386:Honors
372:Nagano
327:Nagano
283:Forbes
266:Forbes
103:
96:
89:
82:
74:
370:When
108:JSTOR
94:books
32:This
983:ISBN
876:2023
848:2023
724:ISBN
249:堤 義明
158:Born
151:堤 義明
80:news
41:for
1017::
944:.
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898:.
884:^
864:.
836:.
795:^
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46:.
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