Chapter 471: The Temptation of Heavy Industry
After showing off his financial resources, Toshihiro Tajima, who was sitting opposite Shirakawa Kaede, coughed lightly and sent the foreign girl in his arms away.
"The Shirakawa Zaibatsu is worthy of its reputation as rumored by the world. Today I have witnessed it."
Seeing that Shirakawa Kaede still looked indifferent, Toshihiro Tajima knew that he would not get any further promise from him unless he talked about some sex scenes.
After coughing lightly again, Toshihiro Tajima put on a serious expression.
"Fuji Heavy Industries has had a deficit of 30 billion yen for two consecutive years, and the situation this year is still not optimistic.
Both the Nakajima family and the Industrial Bank are under tremendous pressure. "
Shirakawa Kaede looked at Toshihiro Tajima in shock. This was completely different from the financial report data that Fuji Heavy Industries disclosed to the public every year.
After the financial settlement in March and April each year, Fuji Heavy Industries stated that its income and expenditure were basically balanced, and even its losses did not exceed 3 billion yen.
But now the other party's president told me that the loss figure was ten times the financial report?!
Baichuan Feng almost thought he had heard it wrong. This... this forgery was too bold.
Fuji Heavy Industries is a listed company. Don’t they know that if they commit financial fraud, they will be sent to prison to work on sewing machines?
Baichuan Feng turned his head to look at Mr. Tajima, who looked calm, and suddenly he understood something.
Even if the financial fraud was discovered, so what? At worst, the accountant would commit suicide, and then the president would bow and apologize, right?
But no matter what, the huge losses of Fuji Heavy Industries in recent years are no joke, and Shirakawa Feng's expression is somewhat serious.
From what Toshihiro Tajima said just now, this situation started after the Plaza Accord.
In other words, Fuji Heavy Industries has lost at least 800 to 900 billion yen in the past two to three years.
No wonder even the Industrial Bank is having a hard time holding on. The bank's money doesn't just come from the wind, not to mention that they have already used a large sum of funds to lend to the real estate industry.
"Mr. Shirakawa, what I just said was from my mouth and you heard it. Please..." Toshihiro Tajima hinted with his eyes.
Baichuan Feng nodded, indicating that he didn't need to worry too much.
If this news gets out, someone could die.
However, Baichuan Feng will definitely be safe, but it is hard to say about the others.
Of course, Shirakawa Feng knew the rules, so he wouldn't say anything. Besides, he was still a little interested in Fuji Heavy Industries.
Seeing Shirakawa Kaede nod, Toshihiro Tajima couldn't help but feel relieved.
It seems that his bet was right. This ambitious new chaebol leader is not without interest in heavy industries such as automobiles.
"So, Mr. Shirakawa, what are you interested in Fuji Motor...?" Although he knew that he was interested, Toshihiro Tajima still wanted to test the waters.
"How do you plan to convince the Nakajima family and Industrial Bank, Mr. Tajima?" Shirakawa Feng didn't have time to play tricks on him, so he just asked the key question directly.
Although he is interested in Fuji Heavy Industries, he still needs the other party's consent. Otherwise, it will be just wishful thinking and there will be nothing to say.
Hearing Shirakawa Kaede's question, Tajima Toshihiro was cheered up. He was indeed a man of action, and his vigorous and resolute style was just as the outside world said.
"The Nakajima family and Industrial Bank are not a problem. The key is to convince Nissan Motor."
"Nissan?" Baichuan Feng was a little puzzled, why was Nissan brought up again.
Hey, suddenly he seemed to remember something. Shirakawa Electric and Fuji Motor also had cooperation.
Most of the car CD players in their cars are supplied by Shirakawa Electric.
He also knew a little about Fuji Motor, which later became Subaru.
The shareholder structure behind it is very complicated. In addition to the Nakajima family, Industrial Bank, and Fuji Bank, Nissan Motor seems to also have shares, and even Isuzu holds some shares.
"Nissan Motor owns 20% of Fuji Heavy Industries' shares. This is the result of coordination by the Ministry of International Trade and Industry in 1966." Toshihiro Tajima explained the reason in one sentence.
"20% of the shares?" Baichuan Feng frowned. This share is not low.
“Although Nissan owns 20% of Fuji Heavy Industries’ shares, they do not participate in Fuji Heavy Industries’ decision-making and operations.
As I just said, this was a product coordinated by the Ministry of International Trade and Industry, and the story behind it is a bit complicated.
In short, Nissan's influence on Fuji Heavy Industries is limited, but it will take some effort to convince them to transfer their shares in Fuji Heavy Industries."
Toshihiro Tajima is well aware of the internal situation of Fuji Heavy Industries, and the complex relationships between them are easy for ordinary people to get confused.
If Shirakawa Holdings wants to enter Fuji Heavy Industries, the shares held by Nissan are obviously the best choice.
Because they do not directly affect the shareholdings of the Nakajima family and Industrial Bank, this is more like a directional equity transaction.
"So how do you think Mr. Tajima can convince Nissan to agree to sell the shares of Fuji Heavy Industries that he already holds?"
Since the other party said so, he must have already made up his mind.
Toshihiro Tajima smiled complacently, “Fuji Motor has suffered huge losses for several consecutive years, not to mention that the Nakajima family, Industrial Bank, and the Yasuda family who founded Fuji Bank are not satisfied.
Even the Ayukawa , Hisahara, and Fujita families behind Nissan were equally dissatisfied. In addition, Nissan was now fully engaged in the 901 campaign, and they were involved in too much energy and financial resources.
Fuji Motor's continuous losses have affected Nissan's layout in the automotive industry. Therefore, some people in Nissan are inclined to abandon this burden. "
There are many chaebols in Japan, and these chaebols are not isolated from each other and have no trade relations. On the contrary, there are intricate relationships between different chaebols.
Take Nissan Motor for example. It is well known that its founder is Yoshisuke Ayukawa, who is also known as the Ayukawa Zaibatsu.
But in fact, Nissan's original investors included the Hisahara family, the Fujita family, the Kaijima family and the Mitsui family.
The Hisahara family, with whom the relationship is the closest, started out in the mining industry and is also known as the Hisahara zaibatsu.
The company that Yoshisuke Aikawa originally founded was called Hitachi Metals. Does this name sound familiar to you?
Yes, it is the Hitachi of Hitachi, Ltd. Hitachi Metals was later gradually integrated into the Nissan Group.
Initially we were engaged in metal mining processing, then we started to make machinery, and later we entered the automotive industry.
During this period, Hitachi, Ltd. was established and operated with the support of Yoshisuke Ayukawa.
The founder of Hitachi, Ltd. that we see today is named Lang Ping Kotsubo, but he actually came from Kuhara Mining.
It is the Hisahara family that funded Yoshisuke Ayukawa to establish Nissan. Look at Hitachi and Nissan, the relationship between them is so complicated.
Looking at the present, Nissan and Hitachi have joined the Fuji Group and become one of the six major chaebols in Japan.
There is not only the Yasuda family behind the Fuji Zaibatsu. The Ayukawa family, the Hisahara family, and even the Mitsui family all have close ties with it.
However, although Fuji Bank was renamed from Yasuda Bank, the Yasuda family's control over Fuji Bank is now minimal.
However, the Ayukawa family and the Hisahara family gradually became the core enterprises of the Fuji Zaibatsu, but this is another story.
In short, although Nissan now holds a 20% stake in Fuji Heavy Industries, it is itself a complex entity and it is difficult to reach a consensus internally.
In addition, although Fuji Heavy Industries has the name of Fuji, it has nothing to do with the Yasuda family. Instead, the Nakajima family and Industrial Bank, which were merged into the company, are the major shareholders behind the scenes.
After all, the Nakajima family is the founder of Fuji Heavy Industries, and before the name change, Fuji Heavy Industries was called Nakajima Aircraft Machinery Institute.
The current situation is that Fuji Motor is suffering huge losses, and the Nakajima family and Industrial Bank are very unhappy with the current head, Toshihiro Tajima, who is in front of Shirakawa Kaede.
Of course, this is normal pressure from the board of directors. Toshihiro Tajima actually did a good job when he first took over Fuji Heavy Industries.
However, the continuous losses have become a little unacceptable to the shareholders behind the company. Another very unhappy shareholder is Nissan Motor.
At this time, Nissan was concentrating on the 901 campaign. The so-called 901 campaign was a goal that Nissan set for itself.
That was to achieve world-leading technology for Nissan 90 years ago.
Nissan has comprehensively upgraded the engines, chassis, and suspension systems for all of its car series.
The main reason why Nissan did this was that Toyota's successive victories put a lot of pressure on it.
Whether in Japan or abroad, Toyota's car sales have surpassed Nissan's.
You have to know that Nissan has always been in the lead in the past, but now it has been surpassed and the gap is getting bigger and bigger.
Therefore, this generation's head of Nissan Motor, Kume Yutaka, worked hard to catch up with Toyota and restore Nissan's former glory.
Kume Yutaka had always been very disdainful of Fuji Motor, and now the latter's losses have only exacerbated his dissatisfaction.
All the money previously earned from Fuji Motor has been basically lost in the past two years, and now it needs Nissan Motor to invest in it?
All the money was given to Fuji Motor, a bottomless pit, so what about its own 901 movement?
Therefore, Kumefeng has been considering corresponding countermeasures recently, how to stop the loss in time.
However, there is still some hesitation within Nissan. The Ayukawa family wants to wait a little longer, but the Hisahara family wants to sell.
The supporter behind Kume Yutaka is the Kuhara family, so at the moment, it is not impossible to persuade Nissan to give up its shares in Fuji Heavy Industries.
After listening to Toshihiro Tajima's explanation, Shirakawa Kaede finally understood the extremely complicated interest relationship behind Fuji Heavy Industries.
The longer these chaebols survive, the more closely their interests become intertwined.
Only for newly established chaebols like Shirakawa Holdings, the relationships are not so complicated at this time.
However, as time goes by, it is almost certain that the Shirakawa Zaibatsu will have overlapping interests with other Zaibatsu in the future.
Regardless of the long-term, the brand of Dai-ichi Kangyo Bank has been stamped. With the increasingly close cooperation with Fujitsu, there is also the possibility of further progress in the future.
Behind Fujitsu is the Furukawa Zaibatsu, and the negotiations between SIC and Mitsui were also going smoothly.
If you calculate carefully, it has been less than ten years since its establishment, and the Shirakawa Zaibatsu has begun to have overlapping interests with the four major financial groups.
This is the characteristic of Japan, where chaebol families are in power and there is competition among them, but there are more overlapping interests.
Compared with competition, only by exchanging interests with each other can we survive longer and be more deeply bound.
The family can also continue indefinitely. In the eyes of the Japanese, the continuation of the family is more important than anything else.
Do you know what was the first sentence that Saito Eishiro, the then financial leader, said to Shirakawa Kaede when Shirakawa Holdings joined Keidanren?
There should be no malicious competition among chaebols!
Normal business competition is allowed, such as competition in product technology and competition in marketing strategy, and there is nothing wrong with that.
But there cannot be a large-scale trade war, and there must not be any hostile takeovers.
If a violation occurs, all chaebols in the Keidanren will jointly impose sanctions.
If it weren't for the Celestial Dragons, no one would be able to withstand such targeting, and bankruptcy would be a matter of time.
This is why we see Japan filled with chaebols of all sizes, yet they remain at peace with each other.
There is a reason why some local small zaibatsu have been able to survive from the Meiji period to today.
As for the manifestation of collective consciousness, the Japanese also brought it into the chaebol groups.
Everyone must abide by the rules, and instead of competing with each other, chaebols should work together.
Mutual funding, cross-holdings and trade cooperation are the norm among chaebols.
If there had not been this ban, Japan would not have the six major chaebols and hundreds of local chaebols that have been able to live in peace until now.
A more likely scenario is that Samsung will dominate the market like in South Korea.
That is the ultimate form of the chaebol, the strategy to control a country.
However, Japan's chaebols are no pushovers. They may not be able to manipulate the country, but they can manipulate politics.
Of course, this has nothing to do with Shirakawa Kaede now. He is more concerned about Fuji Heavy Industries in front of him.
Thinking of this, Shirakawa Feng looked at Toshihiro Hanajima with burning eyes. He was nearly seventy years old but still having a lot of fun.
