章節 1253: Chapter 1253: The Mitsui Consortium's Downfall
Not to mention.
The actions of Jiuding Securities Company were quite intimidating, and they really made Ichiro Fujiwara believe it.
The share price of Nippon Steel was indeed moving in the direction he planned, but he didn't expect Jiuding Securities to be so tenacious. In the face of such a high share price, it was still attacking like crazy, showing no sign of backing down.
Now, Fujiwara Ichiro really couldn't sit still.
Just shouting slogans and stoking the fire was no longer enough; practical actions were required.
Otherwise, according to the current situation, if you let Jiuding Securities take over these shareholders, Jiuding Securities' shareholding is likely to exceed 25%, which will pose a huge threat to the Mitsui consortium's control of Nippon Steel.
After all, if that happens, and if just one or two consortia are lured over, there will be another power within Nippon Steel comparable to theirs, and then there will be big trouble!
In a hurry, he drove directly to a quaint manor house in the suburbs of Tokyo, which was the residence of the Mitsui family.
And he was looking for his immediate superior, the current head of the Mitsui family, the president of Mitsui Holdings, and also the general manager (president) of the consortium's management committee, the 'Futagi-kai' – Mitsui Genta.
...
'President, I'm sorry to disturb your enjoyment,'
Fujiwara Ichiro said, bowing as he quickly walked over to Mitsui Genta, who was wearing a samurai uniform and practising swordplay in the garden, as he was led by the butler.
'Fujiwara-kun, I kept you waiting,'
Mitsui Genta said with a faint smile, his tone calm but commanding.
Fujiwara Ichiro hurriedly smiled and flattered, 'No, no, it is an honour to be able to see such superb swordsmanship.'
'Haha...'
'Let's go, let's go inside and talk.'
Mitsui Genta, who was wiping sweat, laughed heartily and handed the katana to the butler nearby.
After that, Mitsui Genta walked straight towards the house, and Fujiwara Ichiro respectfully followed suit.
Soon, the two arrived in the living room and sat face to face.
A maid was carefully brewing tea nearby.
At this time, a servant placed a plate of still-cooling watermelon on the table. Mitsui Genta picked up a piece and said to Fujiwara Ichiro with a smile, 'Don't be shy, try some. This is the latest watermelon variety cultivated by the Agriculture and Forestry Company. The sweetness and texture have reached an all-time high.'
'Ba-chui~'
After saying this, Mitsui Genta took a bite of the chilled watermelon and showed a look of enjoyment.
Ichiro Fujiwara thanked him and took a bite of the watermelon. He looked surprised and said, 'This watermelon is really delicious. Thanks to you, I've had a real treat today.'
Genta Mitsui smiled and shook his head, saying, 'Take some home with you later.'
'Thank you, President,'
Ichiro Fujiwara said, flattered.
...
After eating a few pieces of watermelon to dispel the heat, Mitsui Genta leaned back on the sofa in a comfortable position and looked at Fujiwara Ichiro and asked, 'Fujiwara-kun, did you come here today to tell me about the acquisition of Nippon Steel by Kyuden Securities?'
'Yes,'
Fujiwara Ichiro replied respectfully.
'What's the situation now? Hasn't the stock price been rising?'
Genta Mitsui continued to ask.
After all, the Mitsui Group was too large, and as its leader, he was busy with a million things every day and did not pay real-time attention to the situation of Nippon Steel.
Of course, in the past few days, when he read the economic news, he inevitably learned the general situation. In his opinion, as long as the share price of Nippon Steel continued to rise, there would not be any major problems.
Fujiwara Ichiro said solemnly, 'President, the company's share price has been rising this week. At the close of trading on Friday, it had risen to 954.8 yen per share. Compared to the beginning, the total increase has reached 40%, which is indeed going in the direction of our plan.'
'But what I didn't expect was that, in the face of the soaring stock price, Jiuding Securities didn't flinch at all and continued to buy aggressively. So the previous countermeasures are no longer completely effective.'
Mitsui Genta's brows furrowed slightly, his gaze sharp as a knife, and he looked straight at Fujiwara Ichiro until he lowered his head.
'Tell me your next plan,'
Mitsui Genta ordered in a deep voice.
Fujiwara Ichiro immediately spoke the plan he had made in advance: 'President, right now I have two ideas.'
'The first is to upgrade the current strategy, focusing on raising prices and supplementing with acquisitions, continuing to drive up the stock price, while also entering the competition to make Jiuding Securities retreat.'
'The second is to make a full-force effort to acquire the shares, so that the group's total control over Nippon Steel can be increased to more than 50%.'
After briefly finishing, Fujiwara Ichiro did not explain the advantages and disadvantages of the two ideas, because he knew that the president could understand them.
Mitsui Genta did see through the essence and advantages and disadvantages of the two ideas.
The first one is a tactic that kills a thousand enemies and injures oneself, and it still carries an element of deterrence. The advantage is that it consumes fewer resources at the consortium level, but there are still hidden concerns. You can't guarantee that Jiuding Securities Company will not attack again and again like a snake.
The second method has obvious advantages, as it can eliminate the problem once and for all, but it also has very obvious disadvantages, as it consumes a huge amount of resources from the consortium.
At Nippon Steel's current share price, the consortium would need to own a total of 50% of Nippon Steel's shares, which would require the consumption of at least 450 billion yen in resources, or even more.
If this is converted into US dollars, it would be more than 2 billion US dollars!
This is also a considerable burden for the consortium. After all, 450 billion yen is no small sum, and other companies will definitely have opinions, after all, the resources will still have to be mobilised from other companies.
For Fujiwara Ichiro, he definitely hoped that Mitsui Genta would adopt his second method, which would only do him good and not harm, and the pressure from the consortium would have nothing to do with him.
However, he did not dare to ask directly, so he just proposed it and left it to Mitsui Genta to decide.
Mitsui Genta frowned and pondered for a long time without making a decision.
He also had his own considerations.
Although Nippon Steel was the leading steel company in the island country and one of the core industries of the Mitsui Financial Group, over the years, the island country's steel industry had become a depressed industry, and Nippon Steel's potential had declined significantly. In fact, Nippon Steel's production capacity was even being reduced every year.
At a previous meeting of the financial group, a strategic plan had been made to focus on the development of the automotive industry, electronics and semiconductors, precision manufacturing, biochemistry and medical care, heavy machinery, real estate and other fields, while companies in the shipbuilding, steel, transportation and other fields were given second priority.
This strategy was discussed and passed at the board meeting, as it was the general trend of business development.
Although the Mitsui Group is wealthy, it also has a large family business, and no matter how much money it has, it is not enough to spend. For the overall interests of the group, of course, it is necessary to make effective use of limited funds and invest in high-growth fields and companies as much as possible.
If funds or resources of 450 billion yen are mobilised from various companies to assist Nippon Steel, it will have a significant impact on the original strategy.
But if they don't bail it out, and if Nippon Steel really does go bust, that would hurt the foundations of the Mitsui Group and affect a large number of core companies.
Just as Nippon Steel was able to cut off supplies to Tiangong Automobile Group, once Nippon Steel is taken over by an enemy or falls into turmoil, it will also affect the steel supply chain of the consortium.
Fujiwara Ichiro is throwing him a tough nut to crack.
After a long while, Mitsui Gentaro decided to take the bull by the horns and once and for all increase his control of Nippon Steel to over 50%.
In order to influence the strategies of each company as much as possible, he could only let companies such as the Mitsui Bank, Mitsui Trust Bank, Tokio Marine & Nichido Fire Insurance, and Meiji Life Insurance take the lead and increase their shareholdings.
Although the Mitsui consortium did not have complete control over these financial giants, and even the control of Tokio Marine & Nichido Fire Insurance and Meiji Life Insurance was not particularly high, as long as these companies joined the consortium, they would follow the orders of the consortium.
As long as these companies held the shares of Nippon Steel, it would be the same. If Jiuding Securities wanted to threaten Nippon Steel again, it would have to first acquire these financial giants.
None of these four financial giants were inferior to Jiuding Securities.
It would be difficult for the other five financial conglomerates in the island country, and even for the large financial conglomerates in Europe and the United States, to acquire and control these four financial giants, let alone Jiuding Securities Company.
'Fujiwara-kun, I will let you know later. Come to the meeting in the afternoon. I will ask the presidents of Mitsui Bank, Mitsui Trust Bank, Tokio Marine & Nichido Fire Insurance, and Meiji Life Insurance to come. You need to be prepared and let them know what to do...'
'Understood. Thank you, President. I will immediately improve the plan when I get back!'
Ichiro Fujiwara was overjoyed when he heard this, and his tone of voice revealed his excitement.
...
That afternoon, a group of financial magnates gathered at the Mitsui family residence, where Genta Mitsui presided over an extraordinary meeting.
After the meeting, each company immediately got to work, forming acquisition teams and acting according to their assigned targets.
The news could not be kept secret.
What's more, many of Nippon Steel's shareholders were constituent companies of various major financial groups.
The big move by the Mitsui Financial Group was immediately known to all the major financial groups and families.
Everyone was looking forward to the show, and their attention was focused on Jiuding Securities.
They wanted to see what Jiuding Securities, a weak company, would choose to do when the giant Mitsui Group started moving...
每周推薦票狀態
-- 推薦票
榜單 
-- 推薦票