First Japan Firm Into Postwar China Eyes Surprising Comeback
- 40 years ago, Miyakoshi got approval to operate in China
- Now, company is pivoting from electronics to real estate
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When it comes to China, Kunimasa Miyakoshi has at least two claims to fame.
Some four decades ago, when he was only 37, the businessman led the first Japanese company to get a permit to do business in the country after World War II. And today, his Miyakoshi Holdings Inc. is the only stock in Japan’s benchmark Topix index that generates 100 percent of sales from China, according to data compiled by Bloomberg.