Sojitsu Holding will take 17% stake in distrib
TOKYO — Trading house Sojitsu Holding will take a 17% stake in distrib Klockworx with the aim of developing and marketing content for the international market, including live-action films and animation.Sojitsu will buy current Klockworx shares and will not participate in Klockworx management. “We plan to set up a project team between our two companies to discuss areas of cooperation,” Klockworx veep Itaru Fujimoto said. Launched in 1997, Klockworx distributes Japanese and foreign titles, including Kenji Uchida’s hit comedy “A Stranger of Mine,” Thai martial arts sensation “Tom Yum Goong” and Win Wenders’ “Don’t Come Knocking.” Company also has a growing animation catalog, including “Full Metal Panic!,” “Shuffle!” and “Trinity Blood.” Current capitalization is $1.34 million, while 2004 sales were $32.6 million. Sojitsu Holding is the product of an April 2004 merger between Nissho Iwai and Nichimen Holding.