Chapter 477 Compromise
In fact, in the 1950s and 1960s, when Fuji Bank was still the largest bank in Neon City.
Mitsubishi Bank and Sumitomo Bank have already engaged in fierce competition with Fuji Bank.
That competition led to the creation of the Fuji Group, which was a blessing in disguise.
Later in the 1970s, Dai-ichi Kangyo Bank took the first place indisputably, with Fuji coming in second.
But Fuji Bank did not sit idly by. It approached Sanwa Bank and planned to merge the two banks to fight against Dai-ichi Kangyo Bank.
However, at the final signing stage, the application was rejected by the Ministry of Finance.
The reason is that a behemoth consisting of two large banks would create a monopoly on national deposits.
This…? Fuji Bank looked at the Dai-ichi Kangyo Bank next door, which was formed by the two giants Dai-ichi Bank and Kangyo Bank, and fell silent.
Okay, since it has no government background, it admits this.
Now it is the 1980s, and Sumitomo Bank is taking advantage of the bubble economy to try to pull Fuji Bank down from its second place position.
How could this be tolerated? Fuji Bank felt that it could not tolerate this.
It’s bad enough that I can’t beat Dai-ichi Kangyo Bank, but how dare Sumitomo Bank, which belongs to the same chaebol, go up to me?
In order to defend its second-largest position, Fuji Bank launched a fierce resistance.
That’s why we now have various things like “housing loans” and “painting mortgage loans”.
In terms of reserves, Fuji Bank has $67 billion in depositors' funds.
It seems like a lot, but it’s just as Shirakawa Kaede and Arai Yu analyzed before.
Among Japan's top twelve banks, the amount invested in real estate loan business alone is as high as 40 trillion yen.
Based on the current exchange rate, 67 billion US dollars is only about 8 trillion Japanese yen.
Needless to say, as one of the top three banks, Fuji Bank has loaned most of its funds to real estate.
If we take into account other loan businesses and the reserves left to deal with Sumitomo Bank, Fuji Bank actually does not have much funds to mobilize.
That's why Taizo Hashida dislikes Fuji Heavy Industries, a money-losing company.
As long as you don't ask me to borrow money, everything else is fine.
At this time, Toshihiro Tajima's face looked a little unhappy. After all, he was blocked by the other party before he could even express his plan for further financing.
However, even if he is disliked, there are some things he, as the president of Fuji Heavy Industries, must say.
"In response to Fuji Heavy Industries' losses, a new revitalization plan has been formulated internally.
We are planning to develop a mid- to high-end model for Japan's domestic market, and the design work is almost complete. However..."
"But you still need some financial support?" Taizo Hashida said the rest for him.
"Yeah!" Shimada Toshihiro nodded in acknowledgement.
"Ha~" Taizo Hashida sneered. He knew that all the arguments were just for money in the end.
The chuckle echoed in Shimada Toshihiro's ears for a long time. He was extremely angry and tried hard to restrain himself.
"In short, if Fuji Heavy Industries wants to complete a series of reforms, it will need at least 60 billion yen in funding.
Our export business in the United States has encountered obstacles and resources there need to be adjusted. We also need to spend manpower and material resources to open up other markets.
Without sufficient funds, none of these things can be done, and Fuji Heavy Industries will continue to lose money!"
The reason why Fuji Heavy Industries suffered huge losses is because of its long-term reliance on the US export market.
As a result, the Plaza Accord brought it back to its original state, and the development of mid-to-high-end models is only a short-term measure.
Transferring the US business center back to Japan and exploring other markets in Taiwan and Ouzhou would not be effective without huge investments.
Therefore, if Fuji Heavy Industries wants to change its situation of continued losses, it has to take drastic measures.
When they heard that 60 billion yen of funds were needed, not only did Taizo Hashida pretend not to hear it, even Gentaro Nakajima, who only cared about his political career, was stunned.
This number... Never mind. As long as I can keep my aircraft division, everything else has nothing to do with me.
Nothing happened~Nothing happened~Nakajima Gentaro picked up the coffee and took a sip quietly.
Seeing that no one was talking, Toshihiro Tajima gritted his teeth and threw out another explosive piece of news.
“Shirakawa Holdings is willing to pay this amount, and they also have plans to build an automobile OEM in Southeast Asia.
This will allow us to relocate production capacity overseas, reduce the high production costs of neon, and take advantage of the opportunity to expand into the Southeast Asian market.”
Hmm? Both Taizo Hashida and Gentaro Nakajima raised their eyebrows.
Shirakawa Holdings is indeed wealthy, and an investment like this cannot be solved with just a few hundred billion yen.
When it comes to global market layout, don't even think about it without a budget of over 100 billion yen.
However, since the other party dares to say this, he must have a strong family background.
Moreover, this money is not spent in vain. Massive investment is equivalent to increasing capital, and increasing capital means that everyone's shares are diluted.
Aren't Mr. Shirakawa's actions a bit too big? The young man is a bit too aggressive.
“Everyone, I believe you are all aware of the predicament of Fuji Heavy Industries. The financing of Shirakawa Holdings is currently the only opportunity to bring Fuji Heavy Industries out of the quagmire.
Please think twice about this. Fuji Heavy Industries has always been too conservative in the past, but now it has reached the point where it must break down before it can be rebuilt.”
Some of the words here are exaggerated by Toshihiro Tajima, but some of them are his true thoughts.
I don’t know if it’s because Fuji Heavy Industries was inherited from the former Aircraft Machinery Institute, but it is always too conservative internally in some decisions.
I would rather follow the old path and avoid making mistakes than spend more energy to make progress.
Today, Fuji Automobile business is the pillar industry of Fuji Heavy Industries. With such a conservative mentality, Fuji Automobile will only be left further and further behind by others in the civilian market.
Therefore, change is what Fuji Heavy Industries needs most at this moment, and massive amounts of funds are second.
After listening to Toshihiro Tajima's explanation, the conference room fell silent for a moment.
They understand some of the principles, but if Shirakawa Holdings takes Nissan's shares and then increases its capital.
If nothing unexpected happens, Shirakawa Holdings will be the largest shareholder behind Fuji Heavy Industries.
Even though there are only a few people here today, there are still a lot of small shareholders who are not present.
Most of the shares they hold do not exceed 3%, for example, Isuzu holds 1.7%, and Yasuda's life insurance holds less than 2%.
There are more than a dozen small shareholders like this alone, and if you add the circulating shares in the market, these are all the shares of Fuji Heavy Industries.
If you count carefully, only Fuji Bank and Industrial Bank hold more than 5% of Fuji Heavy Industries' shares.
As for the Nakajima family, as their fortunes declined, his shareholding ratio had long since dropped below 5%.
The reason why Nakajima Gentaro can sit here today is simply because of the influence of his ancestors.
Gentaro Nakajima was doing nothing and was about to pretend to be invisible, when he accidentally caught a glimpse of Toshihiro Tajima winking at him from the opposite side.
Nakajima Gentaro was stunned at first, then he saw the other party turned his eyes to the corner of his suit.
There was a faint corner of a bill peeking out there. Was it... a check?
"Ahem~" Nakajima Gentaro coughed lightly, instantly breaking the silence in the meeting.
Seeing that everyone's attention was drawn, Nakajima Gentaro gave a serious suggestion.
"Since it has come to the point where we have to change, why not just let Mr. Shirakawa give it a try.
Besides, with such a huge amount of funds, I don’t think anyone can raise it for the time being. So…”
Nakajima Gentaro’s meaning was very straightforward: no one could come up with the money anyway.
There is no good way to deal with Fuji Heavy Industries' losses, so why not let the upstart try?
Even if we fail, we won't lose anything.
Several small shareholder representatives showed an interested look, including the Industrial Bank representative Beichuan Yang.
He had hardly expressed any opinions since he entered the meeting room. Up to now in the shareholders' meeting, everyone had almost ignored the existence of Industrial Bank.
In fact, Industrial Bank, like the Nakajima Gentaro family, was originally a special bank aimed at investing in military construction plants.
Later it was gradually reformed into a civilian bank, but now Industrial Bank still has state-owned background.
Perhaps for them it is not important whether Fuji Heavy Industries is profitable or not. What is important is that Fuji Heavy Industries does not go bankrupt.
Most of these civil servants would not quarrel over trivial matters.
It's not his anyway, so whether he raises funds or not will not affect his annual salary of several million yen.
Kitagawa Hiroshi of Industrial Bank glanced at Toshihiro Tajima, and then fell silent again.
Seeing that everyone was either interested or did not express an opinion, Taizo Hashida of Fuji Bank thought for a while and nodded helplessly.
Forget it, let's try it out. It's impossible for me to pay for it anyway.
Seeing that Fuji Bank, the most difficult party, had compromised, Toshihiro Tajima immediately entered the final decision-making process.
"If everyone has no objection, let's vote by raising our hands.
Those who agree with Shirakawa Holdings' Fuji Heavy Industries revitalization plan, please raise your hands! "
"Swish", "swish", Toshihiro Tajima and Gentaro Nakajima, the two traitors raised their hands at the same time without any particular order.
The two looked at each other silently, then unconsciously looked away.
Damn it, I became a traitor to pay off my gambling debts, why are you in such a hurry? Toshihiro Tajima complained silently in his heart.
Mr. Tajima, I didn't see the check on the corner of your clothes clearly just now. Would you like to talk to us again later?
The asking price cannot be too low... no, it cannot be too wrong.
Gentaro Nakajima winked at Toshihiro Tajima proudly and said, "See, I'm reliable."
Toshihiro Tajima avoided the conversation and pretended not to see it. He silently counted the votes in favor in the meeting.
Except for Beichuan Yang of Industrial Bank and some small shareholders who abstained from voting, everyone else raised their hands quickly or slowly.
Tsk, that’s good, it’s just one vote away from being passed unanimously.
"If this is the case, Fuji Heavy Industries will write to Shirakawa Holdings as soon as possible to discuss the restructuring issue together.
I would like to personally thank you all for your crucial votes today. They have helped Fuji Heavy Industries turn the corner and ushered in a new era!"
After all, he is the president of Fuji Heavy Industries, and what Toshihiro Tajima said was so sincere and heartfelt.
Many people actually believed that he was working hard for the future of Fuji Heavy Industries.
As he was leaving, many people patted Toshihiro Tajima on the shoulder and gave him some words of encouragement with concern.
After most of the people in the meeting left, Toshihiro Tajima's serious expression relaxed.
Alas, I have worn the mask for too long and almost forgot what I originally looked like.
However, when Toshima Tajima turned around, he found that Gentaro Nakajima was looking at him with a smile.
In less than a second , Toshihiro Tajima's expression returned to its previous seriousness.
When it comes to Sichuan Opera face-changing, everyone’s skills are amazing.
"Mr. Tajima, I wonder when Mr. Shirakawa can introduce me to someone?"
The smile on Gentaro Nakajima's face was as bright as a chrysanthemum.
