Nissui just p ssed away $25m against a brick wall or maybe into a fish pond. Whoever did the due diligence, his head obviously wasn’t buried in numbers, more likely in the ample bosom of geisha girl, after being plied with top notch Hibiki Japanese whiskey and premium tiger prawns.
Back in the day, if a Japanese executive blew $25m they would have to apologise to their board and commit hari kari. These days in the world of abenomics and negative interest rates, with government money printers working overtime, and all the newly minted money being invested the Japanese stock market, the executive probably gets a Seiko gold watch and a knighthood for services to the economy.
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