Rebirth Tokyo 1986

Chapter 198 Ambition

Matsumoto Manufacturing under Masato Takeshita is a manufacturing company that can make money steadily.

If such a company chooses to go public, as long as the stock price is not excessive, it will easily attract investors, so the position of stock underwriter of Matsumoto Manufacturing is very popular.

As an important shareholder of Matsumoto Manufacturing, Industrial Bank will inevitably obtain a position as a stock underwriter.

And he cannot be a deputy, he can only be the lead underwriter of the stock.

Although the two underwriters who distribute fewer stocks do not make as much money as the lead underwriter, they will still make money if they can grab the shares, which naturally attracts competition from major financial companies.

Matsumoto Manufacturing just announced that it was preparing to go public and would look for three stock underwriters.

Immediately, dozens of financial giants contacted Matsumoto Manufacturing one after another.

There were even financial practitioners and politicians who had a good relationship with Masato Takeshita and called him directly.

He sought advice and recommendations in a roundabout way in an attempt to obtain a stock underwriter position.

In mid-April, Masato Takeshita looked at his assistant with a pleasing eye.

"Qing Qian, how many companies have offered us quotations, and what are the conditions?"

"There are currently 42 financial companies, including Dai-ichi Kangyo, Mitsubishi, Mitsui, and other well-known domestic banks, as well as foreign banks such as Citigroup, JPMorgan Chase, and Goldman Sachs..."

The young man thought for a moment and said simply, "Well, we want to be listed on the Tokyo Stock Exchange. We don't need to consider foreign financial companies for now. Which of our domestic financial companies has better conditions?"

"The conditions are similar. The relatively better ones include Changxin Bank, Yamaichi Securities, Dai-ichi Kangyo Bank and Nomura Securities."

Masato Takeshita took the documents handed over by the girl, carefully read the conditions given by each company, leaned back, closed his eyes and thought about which two companies would be more suitable.

"Just Naganobu and Yamaichi."

Both Changxin Bank and Yamaichi Securities were Japanese financial giants that collapsed after failing to withstand the devastation of the 98 Asian financial crisis.

The young man has ambitions for these two companies and plans to make arrangements early so that he can better control these two financial giants in the near future.

"Understood. Do you want me to call now?"

"Let me do it. It will seem more respectful."

"Yes, President!"

After determining the co-underwriter of the stock, Masato Takeshita immediately called his senior Fumu Yokota of Nagashin Bank.

"Senior Yokota, what have you been busy with lately?"

"What are you busy with? I don't have anything to do."

Yokota Fumu was a man who could not keep secrets, and he quickly began to explain the reasons to the young man.

There are two major factions within Changxin Bank.
One group focuses on Mario Aqua and takes the international development route.

We hope that the company will develop in a diversified way and add investment banking and other businesses on the basis of ordinary commercial banks.

The other group, led by Kondo Hisaharu, was dazzled by the rapid development of the domestic real estate industry and was ready to abandon the investment banking department.

Fumio Yokota is a member of the international faction. He is very concerned about the real estate industry and advocates reducing the company's investment in the real estate sector and putting more funds into the investment banking sector.

This behavior seems quite unusual even among the international community.

The current real estate industry is so profitable that even international leaders such as Ohnoki Nobuyuki have to succumb to the astonishing speed at which the real estate industry makes money.

Not to mention Fumitake Yokota, even if all the internationalists were to write a letter together, it would be completely useless.

After all, back in the early 80s, Nagatoshi was in crisis, and the Tokyo real estate market had not yet skyrocketed.

Conservatives within the bank and the Ministry of Finance, which was responsible for the country's economic development, all spoke out against Nagashiki Bank's complete transformation into an investment bank.

Not to mention that now Changxin Bank is making huge money from the real estate industry.

Of course, domestic conservatives do not oppose just for the sake of opposing.

Changxin Bank has great advantages in the general banking field, but has no experience in the investment banking field.

In addition, investment banking is a great test of a company's personal connections.

It will be difficult for Changxin Bank to develop in the investment banking field in the short term.

If Changxin Bank undergoes a comprehensive transformation, it will most likely explode.

Even if Masato Takeshita takes over Changxin Bank in the future, he will not transform the company in an all-round way.

A company can have investment banking business and even insurance business, but it can only serve as a supplement to the bank's main business.

"Is that so? I have an investment banking business here. I wonder if you can take it, senior brother?"

Masato Takeshita was even happier at this time.

Adding icing on the cake is not as good as sending charcoal in the snow.

If Masato Takeshita can take over Choshin Bank in the future, I believe Fumutake Yokota will definitely be his most loyal subordinate.

"Investment banking business, could it be the stock underwriting made by Matsumoto?"

"That's right. I plan to arrange for your bank to take over 5% of Matsumoto Manufacturing's shares. The underwriting price per share is 1100 yen, and the listing price is 1300 yen."

The underwriting price of 1100 yen was Masato Takeshita's bottom line.

He can make money for the investment bank, but he doesn't want to lose too much himself.

Matsumoto Manufacturing is now the stronger party and there is no need to give in too much.

"No problem. We at Changyin are willing to act as the underwriter of this stock."

Although Fumitake Yokota vaguely guessed the result, he was still very ecstatic when he heard that his company had actually become the underwriter of Matsumoto Manufacturing's stocks.

Changxin Bank's investment banking business has now been completely marginalized.

Although this order from Matsumoto Manufacturing is not large, it will allow the investment banking business to make a steady profit, thereby alleviating the squeeze on the investment banking business within the company.

He doesn't want the company he has worked hard for for many years to only develop in the real estate industry.

This is too dangerous.

Once a crisis occurs in the real estate industry, the company will be in an extremely difficult situation.

As for bankruptcy, Fumitake Yokota had no such option in mind at all.

After all, it is hard to imagine that a pillar bank in Japan that ranks among the top ten in the world would suddenly go bankrupt.

"OK, then let's meet in the conference room of Matsumoto Manufacturing headquarters at 9 a.m. on Friday. We will discuss the details of the cooperation in stock underwriting at that time."

The phone call can only allow for simple communication. If you want to sign a formal contract, it still needs to be discussed by professionals from both sides.

"No problem, we're always available."

After dealing with Changxin Bank, Masato Takeshita took a short break and summarized the previous communication in his mind.

A few minutes later, Takeshita Masato looked at the girl and asked, "How is it, have you written everything down?"

Lin Qingqian nodded: "Yes, I have memorized them all."

Masato Takeshita's phone was directly connected to the girl.

The girl heard clearly what he said to others and how others responded.

Lin Qingqian's character is very similar to Bernard in the TV series "Yes, Prime Minister!"

She had to record every call made to Masato Takeshita.

Of course, Lin Qingqian wrote these down not for evidence.

The main purpose is to help young people recall and remind them not to forget.

The main business of Yamaichi Securities is investment banking, so communication is simpler and more convenient.

After settling the underwriting issue in a few words, both parties also agreed to meet on Friday.

That would be the first formal meeting between Matsumoto Manufacturing and the three stock underwriters.

While Masato Takeshita was busy looking for stock underwriters, the other departments of Matsumoto Manufacturing were also busy.

All information about Matsumoto Manufacturing was quickly submitted to the Tokyo Stock Exchange.

Although we know that it is basically impossible for the Tokyo Stock Exchange to block the listing, we still need to have the right attitude to avoid unexpected situations.

In fact, manufacturing companies like Matsumoto Manufacturing that can generate stable profits are the type of companies that the exchange likes most.

It is easy to go bankrupt if the money flows slowly. Even if there is a problem, it is easy to find someone to take over.

Such a company can bring very stable profits to the exchange.

"Can I sign a contract?"

"can."

Ryo Asuka, head of the company's legal department, responded in the affirmative.

"OK!"

Masato Takeshita quickly signed his name and then stamped his own and the company's seal.

Then he smiled and said to everyone: "Thank you for your hard work these days. The company has already booked a hotel nearby to celebrate our cooperation."

Although everyone is willing to cooperate, every small detail may involve interests worth hundreds of millions of yen.

So the four companies argued for more than half a month and only reached a final agreement at the end of April.

This is because of the holiday.

If there wasn't a short holiday in May, I guess everyone would still be arguing.

No one wants to work on their holiday, especially when everyone else is taking the day off.

Nagano Hideaki of Yamaichi Securities was the first to agree, "Great. I've been looking forward to Takeshita-san's feast for a long time."

Yokota Fumu also smiled and nodded in agreement: "Yes, I have wanted to try it for a long time."

Masato Takeshita doesn't drink, so naturally he can only focus on the food when entertaining guests.

So his party.

There are not only Japanese food that suits Japanese tastes, modified Chinese food, and modified Western food, but also more authentic Chinese and Western food for everyone to choose from.

Although it is still in the form of a buffet, all the food is freshly prepared by the top chefs.

The main purpose is to let everyone eat well.

"No, thank you for your praise. These are just some tips, I believe you can do it too."

Top chefs are all very proud, but it depends on who they are proud of.

He can act arrogantly with ordinary people, and even with celebrities.

It is still easy to compromise in front of capitalists.

Even if you don't care about other people's lives, you still have to consider your relatives and friends.

One of your decisions may have a significant impact on your relatives.

When they were almost done eating, Masato Takeshita took Toyoshima Akio, Yokota Fumitake, and Nagano Hideaki to a small empty box.

"How many road shows do you think Matsumoto Manufacturing should hold? Do we need to go abroad?"

The so-called road show is the company’s publicity before it goes public.

Tell some wealthy investors that Matsumoto Manufacturing is going to be listed. If you want to buy new shares, you must pay attention to the timing.

Newly listed companies must attract enough shareholders to create a hot stock market and thus promote the growth of the company's market value.

Good road show,

For example, Apple.

The stock price soared when it was first listed, and thus attracted more praise from investors.

Bad road show.
For example, the penguins of the future.

Penguin did not explain its own business, the company's future development direction and prospects clearly to shareholders.

This resulted in the company's stock price falling as soon as it went public.

That is, the actual stock price after listing is lower than the initial target set in advance.

Matsumoto Manufacturing's business is very good and the growth rate is clearly visible.

Add to that the frenzy in the Tokyo stock market.

Even if the roadshow is not done well, there are institutions and a small number of investors who blindly buy new shares to provide a guarantee and ensure the stock price growth in the first few days.

However, this will make it difficult for the market value to skyrocket, which is not conducive to the company's publicity.

Fumu Yokota said boldly: "I think we don't need to consider the overseas market for now. For domestic markets, it would be best to hold 6 to 8 roadshows."

“Once in each central city of a region is just right.”

Capital concentration in Japan is very high.

If you don’t want to travel to too many places, it’s fine to just do a roadshow in Tokyo and Osaka.

"Well, Nagano-senpai, what do you think?"

Nagano Hideaki politely rejected the suggestion, saying, "I think it's better to try to visit as many places as possible."

"With Tokyo around, cities like Yokohama and Chiba don't really need it. But if we can hold a roadshow, I believe investors in these places will be more enthusiastic."

Respect is mutual.

If Matsumoto Manufacturing conducts roadshows in these cities, these places will naturally have a more favorable impression of the company.

"Yes, it's better to visit more cities."

"There are many housewives who are stock investors nowadays. They seldom read newspapers, and even if they do, they don't remember easily."

Industrial Bank has produced a large number of research reports for stock investors.

The results show that many housewives have become the main force in purchasing stocks.

Some of these people buy stocks very blindly.

Prefer word of mouth from neighbors rather than observing the financial statements of public companies.

"OK, let's cover more ground then."

Masato Takeshita thought about the current speed of information exchange in the world and felt that it would be better to travel to more places.

But he is a lazy guy and only plans to do a roadshow in Tokyo and Osaka respectively.

The rest of the cities are left to the responsibility of subordinates.

Because guaranteeing the capital markets in Tokyo and Osaka is enough to cause a sharp increase in the market value of Matsumoto Manufacturing.

These two places,
Osaka is the former economic center of Japan.

Although it is in decline now, a lean camel is still bigger than a horse, and there is still a lot of wealth accumulated.

Tokyo is the current economic center of Japan.

Japan holds a dominant position in both finance and industry.

Kakuei Tanaka once wanted to change this situation, vigorously develop the local economy and ensure economic balance among regions.

Unfortunately, the policy is good, but when it comes to implementation, it becomes bad policy.

Many speculators went to local areas to buy land, significantly raising local land prices.

As a result, the plan to develop the local economy failed before it even started.

Of course, apart from the factor of speculators.

Kakuei Tanaka himself was also rather unlucky during his time in office.

In 1973, the first oil crisis broke out and Japan faced a serious oil shortage.

Not to mention developing the local economy, even maintaining the status quo would be difficult to sustain.

If he had not condemned Israel with great courage and at the great risk of ending his political career.

Japan's domestic economy is likely to collapse completely.

Of course, the consequences of condemning Israel quickly emerged.

The Lockheed case directly brought him down from the prime minister's throne.

(End of this chapter)