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Japan Associated Finance Co Ltd

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BUSINESS
June 19, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Gradco Systems Inc., battered by the loss of its largest customer, reported a $28.6-million loss for the fourth quarter ended March 31 and said that a group of Japanese investors had agreed to buy a 27% stake in its pivotal Japanese subsidiary. The Irvine-based manufacturer of sorters for copying machines and printers also disclosed that it has filed a patent-infringement lawsuit against Xerox Corp., which with its two foreign affiliates had accounted for more than a third of Gradco's business.
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BUSINESS
June 19, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Gradco Systems Inc., battered by the loss of its largest customer, reported a $28.6-million loss for the fourth quarter ended March 31 and said that a group of Japanese investors had agreed to buy a 27% stake in its pivotal Japanese subsidiary. The Irvine-based manufacturer of sorters for copying machines and printers also disclosed that it has filed a patent-infringement lawsuit against Xerox Corp., which with its two foreign affiliates had accounted for more than a third of Gradco's business.
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BUSINESS
October 2, 1990 | Dean Takahashi / Times staff writer
Gradco Systems Inc., an Irvine maker of office equipment products, has offered its explanation of a controversial financial transaction that has provoked a legal fight and proxy battle with its biggest shareholder, Plenum Publishing Corp. in New York. The transaction involves the Gradco board's decision to give Chairman Keith B. Stewart and top company executives warrants to buy stock in the company's Japanese subsidiary at a below-market price.
BUSINESS
September 1, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Gradco Systems Inc., a maker of copier and printer products, postponed its annual shareholders meeting Friday and said it will fight an attempt by a tiny New York publisher to seek representation on Gradco's board of directors. New York-based Plenum Publishing Corp., which owns 8.9% of Gradco, said in a filing last week that it plans to nominate at least one outside director to Gradco's board. The company currently has no outside directors.
BUSINESS
September 16, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
For a while, Martin E. Tash, chairman of a small New York publishing firm, seemed content to wait until his investment in an Irvine company that is the world's largest independent supplier of paper-handling equipment bore fruit. Last fall, Tash's Plenum Publishing Corp., a publisher of obscure technical journals, paid $5.9 million for a 6.3% stake in Gradco Systems Inc., a struggling manufacturer of office copier sorters and computer printer products.
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