Tokyo Barrister: Start the law firm bankruptcy

Chapter 861 Purpose

The executives of Nippon Steel who were present were surprised that Minister Terada could introduce Future Space Co., Ltd. as a strategic investor. Many of them were still in shock and did not believe the news was true. It was unbelievable that a company at the forefront of science and technology would invest in Nippon Steel, a sunset industry.

Terada said, "The introduction of this strategic investment is intended to open up new business in materials science for Nippon Steel. Spacecraft require ultra-high strength and high temperature resistant steel, as well as other special alloys. The future will definitely be the era of space. If Nippon Steel can take this opportunity to open up a new frontier metal department for space exploration, then perhaps Nippon Steel can transform from a traditional steel company to a high-end materials manufacturer!"

With just a few words, the Minister of Internal Affairs and Communications painted a grand blueprint for Nippon Steel's future.

Terada fully demonstrated his skills and ability as a cabinet minister.

In just a very short period of time, we were able to bring together banks and introduce cutting-edge space companies for strategic investment.

And transform Nippon Steel into an advanced materials manufacturing company in the future.

Nippon Steel's chairman, Shibata, also showed some excitement. After all, if Minister Terada's idea could be implemented this time, then Nippon Steel would have a second rebirth! This company, which carries the symbolic significance of the economic boom in the East, would soar again in the next stage.

Executive Director Ueshima in the conference room also showed encouragement along with everyone else. However, he was skeptical in his heart. It was not easy to become a manufacturer of high-end materials.

Previously, Uejima had also researched the market for aerospace steel. Just in terms of strength at room temperature, the tensile strength of the steel must be greater than 1400 MPa, the yield strength must be greater than 1200 MPa, and it must also have properties such as high temperature resistance and fatigue resistance. To produce this ultra-high strength steel, various rare metal elements, such as cobalt, are also required.

This market is not so easy to enter.

Although Nippon Steel does have a research and development department for special steels and advanced materials, the revenue is very small, let alone being able to make up for the huge research and development costs.

Uejima stared at Chairman Shibata.

In the eyes of outsiders, Shibata has always been a good chairman who is dedicated to his work.

However, Ueshima never felt that he truly understood Shibata.

Yes, even though I have followed him for more than ten years.

Uejima didn't think he really understood Shibata.

Looking at Shibata's somewhat excited expression, Uejima thought to himself that he might be pretending.

Perhaps, Future Space Co., Ltd. has other purposes in making a strategic investment in Nippon Steel.

Just then, there was a knock on the conference room door.

A lady in her sixties, dressed in an elegant white dress, slowly walked into the room. She was a little thin, and although her face had deep wrinkles, she was still well-dressed, giving people a sense of calmness. Although she was a lady in her sixties, she had the competence and majesty of a senior executive of a large company.

She is Shima Miho, CEO of Future Space Co., Ltd.

Seeing Shima Miho in person, many Nippon Steel executives present became even more excited. Minister Terada was not giving a blank check. Shima Miho herself was really here.

Shima Miho is a legend in the Oriental industry.

She herself went abroad to study in the West and obtained a doctorate in physics.

After returning to Japan, he worked as a researcher at the Toyo Rocket Research Institute and later founded Future Space Co., Ltd.

Become today's major aerospace enterprise.

Shima Miho sat next to Terada and said, "Thank you for your attention. I was very surprised when Minister Terada told me whether he was interested in investing in Nippon Steel. I didn't expect that I would have the opportunity to work together with a top-notch steel company like Nippon Steel. As we all know, the future is the era of space."

"With the increase of spacecraft in low-Earth orbit in the future, the demand for aerospace steel and new alloy materials will also increase rapidly. This is a very broad market. Nippon Steel has deep technical accumulation and production equipment. This is exactly what we, Future Space Co., Ltd., lack. If our two companies can complement each other, we will definitely be able to make a breakthrough in cutting-edge materials for spacecraft!"

When these words came from Shima Miho's mouth personally, the effect was different.

Almost the entire conference room was immersed in this beautiful vision of the future.

The precarious Nippon Steel is saved!

And it is a company that was able to be reborn from a declining steel company to a manufacturer of cutting-edge materials! !

Shibata took the initiative to clap his hands: "Let us thank Ms. Shima Miho for coming and providing us with the opportunity to cooperate with Nippon Steel! Thank you Future Space Co., Ltd."

Shima Miho continued, "I have also heard from Minister Terada about the specific situation. Your company has also been arranging a new financing plan with the bank recently. Our strategic investment can be carried out simultaneously with the bank's financing plan. If it can be finalized, within two weeks, our lawyers and accountants from Future Space can enter the site and begin due diligence. We will strive to finalize the signing of the strategic investment agreement within two months."

After hearing what Shima Miho said, most of Nippon Steel's senior executives showed a relieved expression.

Right now, Nippon Steel may really be able to overcome its crisis.

Within two weeks, lawyers and accountants came in, proving that Future Space was truly sincere and intent on making a strategic investment, otherwise it would not have conducted due diligence.

In the meeting room——

A good situation seems to be taking shape for Nippon Steel.

The introduction of strategic investors and the bank financing plan are being carried out overtime. Everything seems to be telling everyone that the situation of this steel giant can be reversed.

Terada was also pleased to see this scene. He had spent a lot of effort to find the future space, and he also urged the major banks to use coercion and inducement. However, now it seems that everything can bear fruit. If the plan of Nippon Steel goes smoothly this time, he will become the first hero to save Nippon Steel.

But, on the other side——

General Manager Shangdao was not so optimistic.

He always felt vaguely that something was wrong.

At least, from the perspective of rational investment, there is no need for Future Space Co., Ltd. to wade into the muddy waters of Nippon Steel. Yes, although it sounds a bit harsh, it is the truth. If Future Space really needs cutting-edge manufacturing materials, there are other companies on the market that can cooperate with it, and there is no need to focus on cooperating with Nippon Steel, which has already encountered problems.

Uejima believes that the strategic investment of Future Space Co., Ltd. is probably not that simple...

(End of this chapter)