Yes, this is indeed interesting typography example. I have run into this problem several times when dealing with some word etc. documents that mixed Japanese to English - the english text just don't lo o k c oo l...
 
However I can't understand one thing. Generally when making company or brand logos it is common practise to transform the fonts into outlines so that the designer can freely adjust the ligatures [AV] kinda things, and alter the positions of individual letters freely. Any limitations of original fonts does not matter in the world of modern graphics software like Illustrator or Freehand.
 
Perhaps Matsumoto KiYoshi it's an old company and back that time when they made the original logo there was no modern Illustrator software available but they had to use manual typesetting that was only designed for Japanese typography.