Chapter 52: Family Assets
In late June, Shirakawa Kaede and Kotaro came to Ota City again. The last time they came was in April when the cherry blossoms were in full bloom. At that time, suits and trousers were in perfect harmony with the spring weather. Now, just look at Kotaro's face full of water and you will know.
"Xiao Feng, I hope that guy Ota is right. Last time, that old Watanabe was very fierce." Torataro wiped the sweat from his forehead with a handkerchief, glanced at the completely wet handkerchief, and shook it away in disgust.
Although the weather was hot, Baichuan Feng still insisted on wearing formal clothes. It was not because he was abnormal, but because of the stubborn social etiquette of the Japanese people, especially in business occasions, which required them to pay special attention to their dress and behavior.
" Although Ota sometimes shies away from his duties, he is still reliable. With banks and Yakuza taking turns to attack, no company can withstand the turmoil."
After talking to Ota yesterday, Shirakawa Feng finally understood why Watanabe Issei was so eager to find him. Putting aside the company's management problems, he had to deal with bank debt collection and Yakuza loan sharks.
Watanabe Electric itself is not large in size and its ability to resist risks is relatively poor.
Banks are more cautious about lending and collecting loans from these small and medium-sized enterprises. Once the risk assessment reaches the warning value, they may even choose to collect the loan in advance.
Thanks to Ota's first rights protection, people who have long invested in banks are not optimistic about the future of Watanabe Electric.
Not only did the second mortgage loan fail to get approved, but they even began to demand the early repayment of the first loan on the grounds that Watanabe Issei had concealed the company's actual operating conditions.
As for the Yakuza, although Shirakawa Feng didn't know what Watanabe Issei had been through, he knew that it was definitely not a pleasant experience because he was so eager to contact him and had such a strong desire to sell.
"Xiao Feng, it will cost a lot of money to buy Watanabe Electric." Kotaro didn't know how much it would cost exactly, but that factory building, workers, equipment and so on would surely not be something that could be easily purchased.
"Of course money has to be spent. But when doing business, in addition to the present, you also have to look to the future. If there is a relatively high probability of making a profit in the foreseeable future, then this business is worth doing." He bought the Blackstone record player, of course, not because he wanted to get rich just by relying on the Blackstone record player.
Hearing what Shirakawa Feng said, Kotaro quickly took out his wallet . He nodded, and then handed the wallet to Shirakawa Feng. "Xiao Feng, this is all I have left. Take it all. If it's not enough, I'll go borrow some from Uncle Kashiwagi."
Shirakawa Feng looked at the silly Kotaro and wanted to laugh, but couldn't.
He reached out and rubbed the other's sweaty head, "Idiot, I have my own money. Besides, even if it's not enough, I can still make a profit from your money. You should keep these for yourself. It would be nice to buy some food for Aunt Miki."
"Oh, I see." Hearing this, Kotaro happily put away his wallet. He could go to the izakaya every day to have a drink. As for his mother Miki, he sent money back every month.
Shirakawa Kaede was not trying to comfort Kotaro, he himself was rich now.
In addition to selling "Dragonfly" for 5 million yen after the New Year, the first royalties from the song have also been received to date.
Close to 30 million yen! To be honest, when Shirakawa Kaede saw the amount deposited into his account for the first time, he almost thought he had misread it.
RB's song royalties are generally settled once a quarter, half a year, or a year. Polydor's payment is settled on a quarterly basis, and it has been exactly three months since the song was released.
It has to be said that Kenji Sawada is now a popular star. His song has sold over 500,000 copies in just three months since its release.
Vinyl records have relatively high costs due to factors such as raw materials, production, packaging and transportation, and their selling price is much higher than later CDs, nearly twice the latter.
Each vinyl record is sold at about 2,000 yen, and with 500,000 copies, Shirakawa Kaede will receive 3% of the royalties. The first installment alone is 30 million yen, and there will be more later, but the sales will definitely not be as high as in the first three months.
In 1979 and the early 1980s, the sales of singers' records were not as abnormal as they are now. The sales of the top album in the yearly chart were only slightly over one million, and the sales of Kenji Sawada's album were firmly in the top ten by the end of the year.
While counting money until his hands cramped, Shirakawa Feng sighed that it would be better if someone else sang this song. However, others might not be able to sell such high sales.
Tsk~, people’s hearts are complicated.
5 million plus 30 million equals 35 million, but this money does not belong entirely to him. Don't forget that the personal income tax implemented by RB at this time is an excess progressive tax.
There are 19 tax levels, starting from 600,000 yen with a tax rate of 10%. 600,000 to 1.2 million yen is the first level with a tax rate of 12%, and the tax rate increases in different levels according to the amount.
The maximum tax rate for the portion exceeding 80 million yen is 75%. Yes, you read that right, when your income exceeds 80 million yen, for every additional 100 yen you earn, 75 yen will go to the government.
Such a high tax rate is abnormal compared to the highest tax rates of 37% and 45% in later generations. The rich are indeed working for the government.
But now Shirakawa Feng doesn't have to worry about these things, his money is not enough to reach 75%. But even so, after deducting the tax rate, he can only get about 26 million yen out of 35 million yen.
After the tax was deducted, he immediately lost nearly 10 million yen. It was the first time that Shirakawa Kaede felt the pain that only capitalists can understand.
No wonder so many people try every possible way to evade taxes. Of course, as a law-abiding citizen, Shirakawa Feng will definitely pay taxes honestly.
However, as a Meiji student, he can also apply to the government for hard-working student deduction through the school, so that he can get some tax reduction when paying taxes.
Shirakawa Kaede feels at ease taking advantage of the RB government, and besides, it’s all legal.
Although you have to pay 9 million yen in taxes to the government, it is not deducted immediately. You can transfer the money to a designated account under your name before the end of March of the following year, and the bank will automatically deduct it.
Now is the time to spend money. Of course, it is safer to keep the money in hand, just in case. As for personal income tax, I will pass this hurdle first and worry about it next year.
Shirakawa and Kotaro stood at the door of Watanabe Electric again. Everything was the same as before. Shirakawa could even hear the cutting sound of the machine tools in the workshop.
Perhaps the workers here don't know that the factory is about to change its owner. But that's normal, today is just the first meeting, and everything is still to be discussed.
Unlike last time, this time Watanabe Issei stood at the door with his men to personally welcome Shirakawa Kaede.
"Shirakawa-san, please take care of me, please take care of me~" Watanabe Issei greeted him warmly, raising his right hand halfway and then lowering it to bow instead.
Baichuan Feng also bowed in return, "Mr. Watanabe, you are too polite. It's me who is indebted to you for your care." He looked at Watanabe Issei's bandaged , but did not ask any more questions.
"Father wants to talk to Mr. Shirakawa in person. I wonder if it's convenient for you, Mr. Shirakawa?" After hesitating for a moment, Issei Watanabe still stated Watanabe Takashi's request.
Baichuan Feng nodded thoughtfully, "No problem, it's only right to visit Mr. Watanabe Takashi."
