Rebirth Tokyo 1986

Chapter 96 A Good Start

"It's a perfect performance, isn't it?"

Norio Ohga loves classical music very much. It is said that when he curses people in the company, he sings the curses in tenor style.

In addition, the reason why the standard diameter of CD discs is 12 cm and the duration is 74 minutes and 42 seconds is also due to Norio Ohga's preference for classical music.

He likes classical music, especially Beethoven's "Ninth Symphony", so the diameter of the CD must be at least 12 cm.

Because Beethoven's Ninth Symphony takes nearly 75 minutes to perform perfectly.

"Yes, it is perfect."

Nagano Hideaki knew something about classical music, but not much.

This time he just wanted to please the other party and didn't think about what he could gain.

"Alas, as expected, on the road of art appreciation, most people are just filling in the gaps."

Although Ohga Norio despised Nagano Hideaki's behavior, he did not say it out loud.

He himself knew that classical music was destined to be appreciated by only a few people.

So no matter how much you like classical music or how much you despise pop music.

When he was the CEO of a music company jointly established by Sony and Columbia, he did not foolishly launch classical music, but instead took the pop music route.

The famous Japanese national idol Yamaguchi Momoe was launched by Ohga Norio.

Thinking of this, Ohga Norio lost interest.

He asked bluntly, "Mr. Nagano, tell me, you are asking about Sony's radio business. Do you want to buy it? Who are you buying it for?"

Nagano Hideaki knew that he couldn't hide this from Sony, so he blurted it out.

"Yes, not only Sony's radio business, if possible, we also want to acquire the radio business of Aiwa, Sanyo and other companies."

"As for the client, it is Mr. Masato Takeshita, the president of Matsumoto Manufacturing."

Nagano Hideaki originally wanted to talk about Panasonic and JVR, but was afraid of angering Ohga Norio, so he decisively changed the topic to Sanyo Electronics.

Although this company also participated in the VHS standard, it was not like Panasonic, which played a trick on Sony, nor was it like JVR, which was a competitor of Sony.

"Is that so? No problem. I won't put up any obstacles. You can go and talk to the business department tomorrow."

Norio Ohga had no interest in backward technology. Although he didn't know what tricks Masato Takeshita was up to, Sony didn't care.

Speaking of which, Sony and Nintendo, the two old rivals in the field of game consoles, can be regarded as a model of differentiated development.

Nintendo followed Gunpei Yokoi's line of thinking about the withered technological level, that is, using mature or even backward technology for development, and eventually became as stable as an old dog in the gaming industry.

Sony follows the path of technological advancement that Ibuka Masaru insisted on, and has also left its own mark in the field of console games.

Both methods are very effective and have achieved great success.

"Okay, thank you President Ohga."

"It's a small matter, and it's good for us at Sony too."

Nagano Hideaki made a breakthrough, and Yokota Yoshio and others also achieved fruitful results.

The radio projects of giant companies such as Panasonic are indeed transforming into portable players, but there are always remnants of the old era left.

They also have a headache for these employees.

Now that there are big buyers looking to acquire these companies, they are eager to sell them quickly to avoid being burdened with the assets.

However, corporate acquisition negotiations are destined to be a task that takes a long time to complete.

After receiving the good news from Yamaichi Securities, Masato Takeshita was only happy for a short while and continued to do what he was supposed to do every day.

But he was not in a hurry because the disaster emergency radio had not yet been developed.

He is now more focused on the development of semiconductor projects, especially the crucial NAND flash memory technology.

Xinghai Semiconductor must be taken.

A week passed quickly, and Takeshita Masato came to Yamaichi Securities again. "Tamura-san, have you finished the statistics?"

Masayoshi Tamura stood beside Masato Takeshita and bowed slightly, then answered respectfully, "Hi, the current market value of the stocks held by President Takeshita has appreciated to 782 billion yen."

"Wow, so many, it's worthy of the bubble economy era."

Masato Takeshita was so shocked by the eye-catching numbers on it that he almost blurted out what was in his mind.

He entered the market in November last year, and in just three months, his assets increased by 11 billion.

This is the madness of Japan's bubble era, just like the A-share market in its heyday in the previous life.

If we encounter such an era, it is difficult for anyone to restrain their inner greed.

Masato Takeshita suppressed his excitement and said with trembling fingers: "OK, let's keep it like this."

From November 1986 to October 11 was the period of Japan's bubble era, when the stock market experienced the craziest growth.

In just 11 months, the Nikkei 225 rose directly from more than 16000 points to nearly 30000 points.

As long as Masato Takeshita sold all his stocks in October, he would have made tens of billions of dollars in this bull market.

What does it mean to win without doing anything? This is what it means to win without doing anything.

"Okay, President Takeshita."

Masato Takeshita came here today, originally intending to sell out his stocks, so as to gain more capital and earn more profits.

But he suddenly remembered that he didn't use any leverage at all, so clearing out his stocks was completely unnecessary.

If you sell out your stocks and buy again, you will buy fewer stocks.

Because handling fees and various taxes must be deducted.

Players like him who don't use leverage and only buy well-known blue-chip stocks should just leave their stocks alone.

“Would you like to sell some and play around with NTT’s stock?”

Masato Takeshita felt a little itchy when he thought about NTT, the famous Nippon Telegraph and Telephone Company, which was about to be privatized and listed.

"Forget it, I won't take the risk."

NTT's current position in Japan is equivalent to China's China Mobile + China Unicom + China Telecom.

This is definitely a very promising company, so its listing has triggered a frenzy of pursuit among the whole nation.

Seeing how popular the stock was, the Japanese government not only held a limited lottery, but also increased the stock issue price by 10 times.

NTT's IPO price is directly 270 times the price-to-earnings ratio.

It can be said that NTT stock has been a game of passing the parcel from the very beginning.

Masato Takeshita didn't dare to bet that he would be the winner.

It would be terrible if you buy it but can't sell it.

This is one of the few giant companies in Japan whose stock price plummeted during the bubble era.

After all, people are not stupid. They may be influenced by the fanatical atmosphere of society at first, but they will soon come to their senses.

This situation also exists in China, such as the famous Xiaoguan Tea, Ice Cream Assassin, etc.

"It's still more fun to play the long side. As long as you don't invest in stocks with debt, you don't need to worry too much."

For long stock trading, as long as you don’t use leverage, even if the company goes bankrupt, at most it will return to its pre-liberation era.

It’s different for shorting stocks; theoretically, there’s no limit to the loss.

Therefore, Buffett, who plays the bull market, can always be prosperous.

Soros, the master of short selling, had no choice but to withdraw.

Soros is smarter. Those who are too stubborn will eventually have no choice but to take a leap of faith.

(End of this chapter)