Tasaki delisting ahead of big overseas gamble, CEO says

Japanese jeweler plans overseas growth, but shareholders would recoil at losses

20170413_Tasaki Paris

Tasaki's first directly operated European store at the Hotel Ritz Paris.

TOKYO -- Tasaki & Co. needs management freedom as the pearl retailer prepares to make risky bets overseas that could rankle shareholders, President and CEO Toshikazu Tajima told The Nikkei, explaining its decision to delist from the Tokyo Stock Exchange.

Tasaki will not be able to avoid major declines in profit and dividends from these investments, Tajima said.

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