ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Japan-Update

Baseball star Ohtani hits financial home run for NH Foods

Japanese company's club gets $20m parting gift as player heads to Major Leagues

OSAKA -- Japanese meat processor NH Foods expects to add $20 million to its group performance this fiscal year after a Major League Baseball team signed two-way sensation Shohei Ohtani away from the company's ballclub in Sapporo.

Ohtani, who played for the Hokkaido Nippon-Ham Fighters for the past five seasons, signed with the Los Angeles Angels in a deal that was sealed Friday.

The Fighters, a member of the group anchored by NH Foods, also known as Nipponham, will pocket the maximum $20 million fee from the Angels under the posting system between MLB and Nippon Professional Baseball that lets players move to the Majors even before they qualify as international free agents. NH Foods will record the money as an extraordinary gain at the subsidiary club for the year ending in March 2018, the parent said Friday.

Shohei Ohtani is Japan's pitching and batting sensation.

Ohtani, both a pitcher and an outfielder, compiled a 10-4 record on the mound and blasted 22 home runs in 2016, when he was named the MVP of the NPB's Pacific League and played a key role in the Fighters' Japan Series championship victory.

After MLB club owners approved a new posting framework Dec. 1, seven teams negotiated with Ohtani.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media