Chapter 223: Planning for the Bank
Shirakawa Holdings actually took over the current Kitato Bank , and Kikuharu Sasaki's promotion played an important role in this.
Without the matchmaking of the local boss, how could Shirakawa Kaede have entered the game so easily, even though Yuhou Bank had previously encountered operational difficulties.
As the governor of Akita Prefecture, Kikuharu Sasaki has enormous power in some areas.
In addition to autonomy, there are also the rights to formulate regulations and rules, initiate and collect local taxes and levies, issue local bonds, etc.
Basically, if the county's finances are sufficient and it is less dependent on the Japanese government, the more power the local government will have.
Normally, the prefecture can decide more than 55% of its affairs by itself, and the rest are basically matters entrusted by the Japanese government.
Therefore, as the governor of Akita, Kikuharu Sasaki is definitely a person of real power.
Therefore, those opponents in the shareholders' meeting of Yuhou Bank took the money and left obediently after his kind words.
Of course, Sasaki also made some compensation in other places, which were the result of mutual compromise.
So, as the governor, Kikuharu Sasaki gave his chips, and what did Shirakawa Kaede give in exchange?
In addition to his second son Yingshi joining the shareholders' meeting of Kitato Bank, certain positions within the bank will also be temporarily vacant as several shareholders cash out and leave.
As for the vacant seats, they will soon be arranged.
Most of them are children or other relatives of certain high-ranking officials of the Akita Affairs Bureau.
Everyone knows all this tacitly.
In addition, Shirakawa Kaede Electric will officially build a Tohoku branch in Akita City.
In the next two years, it is expected to invest 1 billion yen to build an audio equipment factory, which will be dedicated to the production of speakers, loudspeakers and other equipment.
As Shirakawa Electric gathers more and more audio engineers, its accumulation of audio technology is sufficient to support its independent development of professional audio equipment.
Although this part of the market is not as big as the Walkman, in order to enrich the product line, Shirakawa Feng still decided to enter the audio market.
Moreover, future breakthroughs in professional audio technology can also feed back into the field of portable listening and future CD players.
Therefore, building an audio equipment factory in Akita is also a step in the future development strategy, not just for this business.
The practical benefits attached to Kitato Bank and a series of investments made by Shirakawa Electric in Akita are the returns given by Shirakawa Kaede.
Yuhou Bank obtained a large amount of financing, which instantly reversed its operational difficulties.
With a stable source of funds behind him, Kikuji Sasaki's economic development took a step forward.
Shirakawa Holdings now has the new subsidiary Kitato Bank, which fills its shortcomings in the financial field.
In this way, everyone gets what they need.
What's this?
It’s win-win-win! It’s a win-win-win situation!
At least on the surface, the entire transaction did not involve any personal interests, but in fact everyone involved benefited from it.
Even the opponents from several banks stopped mocking Baichuan Feng after receiving the 10% premium acquisition money offered by Baichuan Holdings.
After all, such a large sum of cash, when you shake it in your hand, it actually smells quite good.
Towards the end of January, the settlement of interests among all parties was basically completed.
With such a huge deal, it is natural that the outside world will not remain calm.
Not to mention Tokyo, almost all media in Akita Prefecture were reporting on this incident.
Many people in Akita Prefecture know about Shirakawa Electric.
This bank acquisition made the name Shirakawa Kaede even more well-known in Akita Prefecture.
Fifty to sixty billion yuan of funds is definitely an astronomical figure in today's era.
So at the media conference, Shirakawa Kaede, who was standing in the middle of the signing team, became the target of reporters' pursuit.
However, he is a low-key person, and he talked about the future development of Shirakawa Electric in Akita.
Most of the other time, I remain humble.
He is young, promising, low-key, and super rich. This image has won him the favor of countless people.
The Akita Prefecture Honorary Citizen Medal awarded to Shirakawa Kaede by the Akita Prefectural Office later made the grassroots people have a favorable impression of him.
This honorary county medal is a recognition of his free donation to the heavy snow disaster.
Look, they saved local enterprises from danger and paid out of their own pockets to subsidize disaster victims in border areas whose agriculture was damaged.
What kind of image is this? It's definitely great and glorious.
Well, it is better for the company founder to maintain a more positive image.
This is a good thing for Shirakawa Electric and will also be beneficial to the official publicity of Akita Prefecture.
As for those opponents who had complaints, Sasaki one sentence: "Don't say anything that is not conducive to unity."
Therefore, Shirakawa Kaede's name was definitely useful in Akita Prefecture at that time, and he would be a guest of honor wherever he went.
So what is our great and glorious Shirakawa Fengsang busy with at this moment?
Shirakawa Kaede is now busy giving final instructions to Arai Yu. Now that things in Akita have come to an end, he is ready to return to Tokyo.
"Arai-san, please take care of the Hokuto Bank."
Shirakawa Feng only has a basic understanding of the banking industry, after all, it is also covered in the courses at Meiji University.
But if we really talk about professionals, it has to be Hiroshi Arai, who has worked at Dai-ichi Kangyo Bank for his entire life.
"President Shirakawa, please rest assured. Leave the Kitato Bank to me."
Hiroyuki Arai, who has already retired, seems to have a second spring in his career.
After careful counting, Kitato Bank has nearly twenty branches, which is much more powerful than when I was at Dai-ichi Kangyo Bank.
Moreover, although Shirakawa Kaede is the chairman of Kitato Bank, the actual management still needs to be done by Arai Hiroshi himself.
With such a huge foundation, although there are many complicated things to deal with at the moment, Arai Yu feels that he can still fight for another ten or twenty years.
“The most urgent task for Kitato Bank right now is to sort out the interests of various investments.
For those primary industries that have no prospects, stop losses and cut them off in time.
The bank's subsequent investments are mainly concentrated in the service industry or emerging fields such as the technology industry with potential."
Originally, many of Yuhou Bank’s investments were quite bizarre.
Let’s not talk about agriculture, after all, it is the pillar industry of Akita.
Although the income is not much, it is stable. Baichuan Feng does not plan to touch this part.
But what about those mines that are about to be exhausted?
At first, when Shirakawa Feng saw the mining industry under the investment list of Yuhou Bank, he was even happy.
Is it possible that my family will own a mine in the future?
After checking several small mines in Akita, it turned out that the output has been decreasing year by year since the 1970s.
By the early 1980s, some of them had even stopped production due to resource depletion .
Such an investment is doomed to have no future. If we don't cut it off, will we keep it for the New Year?
"The information here at Kitato Bank has been sorted out. I will send a copy to President Shirakawa in time."
Arai Yu probably understands what his president is thinking, and those investments involving energy should be abandoned in a timely manner if they have no future.
The reason why the original Yuhou Bank was reluctant to give up these things was simply because it valued the influence of energy.
But in Baichuan Feng's view, this is completely pedantic behavior and does not pursue emerging industries.
It is simply unreasonable to embrace the declining traditional energy industry.
Now that Baichuan Feng has taken over, in order to reorganize the resources, the disposal of these investments can be described in one word: cut!
However, which investments to cut will ultimately require Baichuan Feng's approval.
“Also, the headquarters of the Hokuto Bank is in Akita, but it also has its own office in Tokyo.
If Kitato Bank wants to expand its influence in the future, Tokyo is a place it cannot avoid.
Therefore, in addition to the five northern counties, Tokyo is our second focus of operations.
The earlier you plan, the more advantageous position you can occupy.
Especially the foreign exchange business, which is an important , must not make any mistakes.
In addition, our business should not be limited to the public settlement field.
Personal insurance business and even public bonds in the future should be planned early.”
Traditional bank income consists of interest income, commission income, and investment income.
But in addition to these, some intermediary businesses can also be developed.
The so-called intermediary business probably includes bank card business, financial management business, agency sales business, etc.
Their advantages are that they occupy almost no capital, have good stability, strong sustainability, low risk, and are less affected by cycles.
At the moment, Kitatoshi Bank's ability to generate profits is not strong, so if it wants to have further development, it can only increase its revenue.
In his previous life, Baichuan Feng had no idea how many phone calls he had been bombarded with regarding various financial recommendations.
Just a few of them at random at this time made Arai Yu's eyes light up.
However, these matters need to be handled by professionals, and Baichuan Feng can only provide some reference opinions.
Regarding Kitato Bank, Shirakawa Kaede talked about everything and anything before finally coming to an end.
"President Shirakawa, regarding the bank shares held by Shirakawa Holdings, we will need to..." As he spoke, Arai Yu winked at Shirakawa Kaede.
Bai Chuanfeng thought for a while before giving an answer, "You can give it a try, but don't be too obvious.
After all, we have just completed the integration, and if we go too far, it will easily give people a chance to criticize us.”
"Understood" Yuu Arai understood in seconds.
Baichuan Feng will not be too demanding regarding the remaining shares held by other people.
After all, most of the people in the shareholders' meeting now support him, so it is better to avoid doing things that would destroy the bridge after crossing it.
In addition, these shareholders are not pushovers and they have more or less influence in the local area.
These local families cannot just be judged by their financial resources, but also by their overall strength.
Moreover, it is definitely not possible to have a monopoly in the banking industry. The opening up of various links cannot be achieved without their help.
Their family business also has operations at Kitatoshi Bank, which can be considered a resource.
But if they are willing to cash out part of their shares, Baichuan Feng will not refuse.
Watching Arai Yu say goodbye and leave, Shirakawa Feng in the office leaned back in his chair and closed his eyes, thinking.
It took a total of more than 60 billion yuan to take over the Kitato Bank, which almost drained Baichuan Feng's family fortune.
Last year, Shirakawa Electric's profits in the domestic market were approximately 24 billion yen.
In just half a year, profits from the North American market exceeded those from Japan, totaling $130 million.
The total of these two parts is 56.5 billion yen, and now all of them have been thrown into Kitato Bank.
In addition to these pure profits, a portion of the funds on the books were even borrowed.
In this way, the investment was finally recovered.
It's like going back to the time before liberation.
Although it cost money, Baichuan Feng felt it was worth it.
He is well aware of how important it is to have a bank within the group.
Although he has not yet enjoyed its dividends, Baichuan Feng knows that it will definitely give him a big gift in the future.
But now that I've finished my work here, it's time to go back to Tokyo.
