Chapter 382 Market Value Ranking
As the end of April approaches, the red-blue showdown in the game console market continues.
The outside world is secretly looking forward to the two companies announcing the sales and turnover of their respective game consoles. They have been waiting for this good show for a long time.
However, before this melon was eaten, another announcement from Shirakawa Electric caused an uproar.
After more than a month of intensive reconciliation, Shirakawa Electric's financial statements for last year were finally completed.
After internal and third-party accounting firm reviews at the end of April, Shirakawa Electric officially released its first financial statements since its listing.
Since its listing in October last year until the end of the year, Shirakawa Electric's total revenue was 228.5 billion yen and its net profit was 80.3 billion yen.
Along with the financial report are detailed appendices such as audit reports and accounting statements.
The audit report is a certification of Shirakawa Electric's operating conditions by a third-party accounting firm, and the accounting statements include Shirakawa Electric's balance sheet, income statement, statement of changes in owners' equity, cash flow statement and other information.
But for the general public, they don’t pay attention to audit reports or accounting statements.
They only care about two numbers: revenue and net profit.
Even the latter is the top priority, 80.3 billion yen in profit in three months!
The stockholders calculated on their fingers, then immediately picked up the phone and yelled at the brokerage company to buy Shirakawa Electric's shares.
However, stockholders always get the latest news. The stock price, which was hovering around 1,400 yen two days ago, has risen to 1,800 yen at some point.
Faced with the sudden rise in stock prices, investors first slapped their thighs, and then continued to buy Shirakawa Electric shares frantically.
Having missed one opportunity to make a fortune, I must get on the second wave no matter what.
After all, such a high profit cannot be fake. 80 billion in 3 months, how much would that be in a whole year?
Buy, buy, buy! Stimulated by the huge profits, Shirakawa Electric's stock price rose for three consecutive days, reaching a record high of 3,200 yen in one fell swoop.
The share price of a single stock is 3,200 yen, which is nearly 2.5 times the 1,300 yen when it was first listed.
This also means that the market value of Shirakawa Electric has doubled from 1.09 trillion yen to 2.683 trillion yen, or a total of 10.7 billion US dollars.
The stock price of Shirakawa Electric is still rising, but not as crazy as the previous three days.
Ultimately, it was the profits in just three months that stimulated investors. The profit margin calculated based on the revenue almost exceeded that of most listed companies.
This is the reason why investors are rushing into the stock market and speculating on Shirakawa Electric's stocks.
In fact, the reason why Shirakawa Electric's profits in the last three months were so high was a bit of a trick.
The release of CD players and speakers in October also brought additional profits to Shirakawa Electric.
Therefore, by comparing the financial reports before and after the listing, the profit increase is so obvious.
Of course, Shirakawa Electric will not explain anything. Isn’t it nice to just reap the benefits silently?
Haven’t you noticed that there are more and more congressmen who have called Shirakawa Kaede recently, and more people who have expressed their concern for Shirakawa Electric?
My wallet is now filled with money, so it's only right to make a phone call to express my gratitude.
Of course, the low-income people will never know the behind-the-scenes transactions. Now they are only amazed by the market value of Shirakawa Electric of 2.68 trillion yen.
The media were also not willing to be left out and reported on the rapid rise of Shirakawa Electric.
Financial news even compiled a list of the top 100 companies in Japan based on the market value of each listed company.
Ranked first is Toyota Motor, which tops the list with a market value of 16.78 trillion yen.
As Japan's largest automobile manufacturer, it dominates the domestic market and is also well-known overseas.
Looking at the entire Neon, it is difficult for any other company to reach this level.
Following closely behind in second place is the Neon Telegraph and Telephone Corporation, but its market value is only half of Toyota's, at about 8.1 trillion yen.
As one of the three major communes in Japan and the predecessor of NTT, it has always held a monopoly in the field of telephone communications.
In recent years, with the widespread popularization of telephone communications in Neon, the business of the Telegraph and Telephone Corporation has also skyrocketed.
Relying on its monopoly position in the market, its market value ranks second in Neon.
Ranked third is Mitsubishi Financial Group, with a market value of 7.7 trillion yen.
The fourth is Chugai Pharmaceutical with 6.3 trillion yen, and the fifth is Japan Post with 5.4 trillion yen.
Ranked sixth is Sony, which is right behind Japan Post with a market value of 4.8 trillion yen.
In recent years, with the launch of Walkman and CD players, Sony's reputation in the international market has been growing.
Especially last year, CCD technology was officially commercialized, which gave it another trump card in the field of image sensing.
Shirakawa Electric's market value is rising, so Sony will naturally not stand still.
Even as its various technological achievements are gradually commercialized, this pace will become faster and faster.
It can be foreseen that with the development of telecommunications network technology in the future, traditional industries will gradually be replaced by new electronic technology industries.
This is also proven by the market capitalization ranking of Japan's top 100 companies. After Sony, there are Honda Motor, Panasonic, Nissan Motor, and Toshiba. Three of the last five in the top ten are electronic technology companies.
It was also from here that the competition for the ranking list became increasingly fierce.
Often the difference in market value between the previous and next company does not exceed 100 billion yen.
Shirakawa Electric also ranked 19th on the list with a market value of 2.68 trillion yen.
The first place is Mitsui & Co. with 2.78 trillion yen, and the second place is Mitsubishi Corporation with 2.66 trillion yen.
This ranking is right at the tail end of the top 20, barely appearing in the column highlighted in the Financial Daily.
However, although in the top 20, Shirakawa Electric is the last in the electronics manufacturing industry.
But for a company that has been established for less than four years, this is already a miracle.
What does it mean to be ranked in the top 20 in the entire Neon? For ordinary people, this is definitely a giant enterprise.
Look at the monsters in the top 20 of the list. They are either giants in the automotive industry or public utilities with a monopoly position.
The rest are all affiliated companies of several major chaebols, such as Mitsubishi, Mitsui, and Sumitomo, which are extraordinary entities.
As for the fact that electronic manufacturing companies are ranked relatively low in the list, it is because the entire electronic technology industry in Japan is moving forward collectively and has not yet reached its peak.
The early to mid-1980s was definitely the golden age for the electronics and automotive industries.
The reason why Shirakawa Electric can rank among the top 20 is more or less due to these dividends.
Of course, being in the top 20 does not mean that Shirakawa Electric is one of the top 20 richest companies in Japan.
You should know that those chaebols have many subsidiaries or affiliated companies, which are also on the list.
If they were combined into a whole, Toyota might not have a chance to be number one.
However, although this ranking does not represent comprehensive strength, it is at least a reflection of corporate value.
Among those companies that have been established for decades, Shirakawa Electric's less than four-year history stands out.
The Financial Daily even directly used "The Advancing Shirakawa" to describe Shirakawa Electric's performance in the stock market.
At the same time, the media also spent a lot of space to introduce in detail the development history of Shirakawa Electric , and there were countless reporters who wanted to interview Shirakawa Kaede.
However, by this time he had already flown to the other side of the ocean, and those who wanted to meet him were doomed to be disappointed.
The main purpose of Shirakawa Kaede's visit to North America this time was to negotiate with IBM about the future standardization of optical drives.
Because IBM's headquarters is in New York, his first stop in North America was directly in this East Coast city.
Previously, IBM invited more than 300 computer-related manufacturers from around the world, and they finally gathered in New York on May 3rd.
As the host, IBM naturally presided over the meeting, while Sony, Philips and Shirakawa Electric were responsible for assisting.
The purpose is to unify the various specifications of optical drives on computers in the future, and at the same time establish a patent system for optical drives.
After all, I have licensed the optical drive technology to you for manufacturing, so it is only right that you pay some patent fees.
However, HP and Wang Laboratories were somewhat unhappy. As the second largest company in the computer market after IBM, how could they pay patent fees to their competitors?
So they were about to raise their hands to express their opposition, but IBM glared back at them.
Do you two dare to question my decision? Believe it or not, I, IBM, will convince the CD Three to cancel the patent license to you directly.
HP and Wang Laboratories were so angry that they asked loudly, "Does having technology allow us to do whatever we want?"
Sony, Philips, and Shirakawa Electric stood behind IBM and smiled meaningfully.
Hehe, with technology you can really do whatever you want.
HP and Wang Laboratories bulged their eyes and stammered, but ultimately they succumbed to IBM's tyranny.
Optical drives are indeed good things. After IBM mainframes were equipped with optical drives two months ago, they quickly became a hot commodity among major companies.
Although this thing does not support writing data by itself yet, it is much more convenient than a hard drive or floppy disk.
In particular , next year, the three major manufacturers, led by Sony, are about to launch consumer-grade CD burners.
At that time, the market for optical drives must have been much larger than it is now. After much consideration, under the temptation of profits, HP and Wang Laboratories both quietly lowered their heads and reduced their businesses.
Texas Instruments, which had just raised its hand halfway a beat late, also quietly withdrew its action.
Well, never mind. Computers are not TI’s main business. Let’s just watch the fun.
IBM, in high spirits, drew its sword and looked around. Seeing that there were no opponents, it was satisfied and put its hands together to signal everyone to sit down.
Harmony brings wealth~
Finally, under the unanimous agreement of all participants in the conference, IBM joined hands with several members of the CD Technology Alliance to unify the various standards for optical drives.
At the same time, optical drives are also open to third-party computer parts manufacturers, and everyone works together to promote the popularization of optical disk storage.
In terms of patent fees, manufacturers need to pay a licensing fee of US$25 to the patent alliance for each optical drive they produce.
The $25 is divided among the initiators of the conference according to a certain ratio.
Among them, Shirakawa Electric received US$7, and the remaining US$18 was divided among IBM, Sony, Philips, Microsoft and other companies.
At this point, the technical standards of the first generation of optical drives were officially recognized by computer manufacturers around the world.
In the next few years, everyone will abide by this treaty and carry out activities related to optical drive technology and the market.
As for the subsequent standard additions to optical drives as technology advances, we can only wait for the next meeting.
Of course, the patent licensing fee is not static, and it will be adjusted continuously with the convening of subsequent meetings.
As the meeting was coming to an end, Shirakawa Feng was just about to talk to someone from Microsoft, but someone else came to him first.
