Tokyo, 1991: Starting as a bank clerk

Chapter 139 You know Kajiwara Masazō, right? [Ten chapters, please vote!]

Kiryu Yaya's pupils contracted almost imperceptibly.

Total assets of 737 million yen, minus liabilities of 624 million yen, result in net assets of 113 million yen.

and----

"Yatsushige Co., Ltd. - Short-term loan: 150,000,000 yen"

Another eight-asset scheme?

"Tokyo Asset Management Research Association Points Account: 3,200 points (redeemable for 32,000,000 yen)"

Is Masataka Kazumitsu also a member of the Toseikai?

Kiryu Yaya's gaze quickly swept over the most crucial entries.

Swiss bank anonymous accounts, Cayman Islands investment accounts, Tokyo Asset Management Research Association points accounts, spot gold bars,

Property acquired under another person's name —

Besides.

Wako Electronics Industry Co., Ltd.'s accounts also have a loan from the president:

Eighty-six million yen.

President's loan refers to funds lent by the company's president personally to the company.

On the surface, this money was lent to the company by the president, but where did this money actually come from?

Kiryu Yaya's gaze fell on the figures in the Swiss and Cayman accounts, and he already had his answer in mind.

Masataka Wakamitsu laundered the company's money out of the country, turning it into anonymous overseas assets, and then borrowed it back to the company under the guise of "president's loan funds." This allowed him to avoid taxes and create the illusion of a healthy cash flow for the company.

This technique is exactly the same as that used by Kajiwara Masazō.

The person who designed this plan was clearly Kiyomasa Ogaki.

Kiryu Yaya mentally went through this line again.

Masataka Kazumitsu found Kiyomasa Ogaki through the Toseikai.

Kiyosuke Ogaki helped him design an asset concealment plan and facilitated the approval process for bank loans.

In return, Masataka Wakatsu paid the equivalent amount of points to the East Central Association, a portion of which went into Kiyomasa Ogaki's points account.

The implicit loan of 150 million yen to the Eighth Assets was another chain that controlled Kiyomasa Ogaki and Masataka Mitsuaki.

Masataka Wakamitsu owed money to Hachisuke Corporation, a company owned by Kiyomasa Ogaki's wife.

If Kazutaka Mitsuaki disobeys, Kiyomasa Ogaki can use the Eighth Asset Management Company to force repayment at any time.

That's quite a scheme.

Kiryu Yaya's gaze lingered on those lines of numbers for a moment, then subtly looked away.

In a short time, he had already made up his mind.

Let's play a little trick on him first.

Kiryu Yaya picked up his teacup and took another sip.

The tea had cooled down, and a bitter taste spread on his tongue, but his expression remained unchanged.

Kazumitsu Masataka sat opposite him, his hands neatly placed on his knees: "Kiryu-san, look at our company's documents—is there anything you don't understand?"

His tone was sincere, even carrying a perfectly appropriate hint of trepidation.

It's like the cautiousness of a small or medium-sized business owner who truly relies on this loan to survive when facing a bank auditor.

If Kiryu Yaya hadn't just seen a full picture of his assets, he would have almost been fooled by this acting.

"There are a few things I'd like to ask President Kazumitsu."

Kiryu Yaya put down his teacup, took out his notebook from his briefcase, and turned to the pages he had prepared beforehand.

His tone was unhurried, like that of a bank employee genuinely conducting due diligence.

"First, your company's prepayments balance is 32 million yen, accounting for 12 percent of current assets."

"This ratio is relatively high compared to others in the industry, but the aging table is not included in the data."

"I would like to confirm which suppliers these prepayments correspond to, how long the prepayment period is, and whether the goods have been delivered."

Masataka Kazumitsu's smile paused slightly.

"Ah, this—"

"The prepayments are mainly for two raw material suppliers. One is in Osaka, and the other is in Kyoto. Because we have a long-term partnership, they require a prepayment to ensure priority supply."

He smiled and continued, "The accounts receivable are mostly within three months, and the goods have been delivered gradually. I'll have the general affairs department compile the detailed accounts and send them to the bank later."

Kiryu Yaya nodded, made a note in his notebook, and didn't ask any further questions.

He knew that what Mitsuaki said was most likely a prepared script.

The claim that goods will be delivered gradually within three months of the payment date sounds reasonable, but it doesn't stand up to scrutiny.

If the goods have already been delivered, then this prepayment should be transferred to inventory or production costs, rather than continuing to be recorded in the prepayment account.

"The second question."

Kiryu Yaya looked up: "Your company's inventory balance is 110 million yen, but the turnover days are not indicated in the data."

"I'd like to know the structure of this inventory. What are the proportions of raw materials, work-in-process, and finished goods? What is the approximate turnover cycle?"

Masataka Kazumitsu tapped his knee lightly with his fingers.

"Our inventory mainly consists of raw materials and work-in-progress. Because our downstream customers' orders fluctuate greatly, we need to maintain a certain level of safety stock."

He paused, as if calculating something: "The turnover cycle is about sixty days. The industry average is forty-five days, we are slightly higher, but still within an acceptable range."

Kiryu Yaya made another note and continued, "Third question. Your company's client list includes a company called 'Wako Shoko'."

"This name is very similar to your company's name. I would like to confirm whether there is any connection between this company and your company?"

This time, Masataka Kazumitsu's smile finally showed a hint of unnaturalness.

"Ah, Wako Shoko Commercial High School—"

He slowly explained, "That's a company run by a distant relative of mine, trading in electronic components. We have some business dealings, but the amounts are small, and we're not officially related companies."

"Not a large amount?"

Kiryu Yaya flipped through the documents and glanced at them: "Last year, your company's sales to Wako Shoko were 42 million yen, accounting for 2.2 percent of your company's total sales."

""

"This ratio is usually considered a related-party transaction that needs to be disclosed in a bank's risk assessment."

Masataka Kazumitsu's smile finally began to falter.

"This—this was indeed our oversight. I will have the general affairs department prepare the supplementary information for the related-party transaction and send it to the bank."

"Then I'll leave it to President Kazumitsu."

Kiryu Yaya closed his notebook, put his pen back in its inner pocket, then picked up his teacup and finished the last sip of the cooled sencha.

Then the room suddenly fell silent.

The silence came without warning.

Masataka Kazumitsu's smile was still on his face, but it was starting to stiffen.

He waited a few seconds, and seeing that Kiryu Yaya didn't seem inclined to ask any further questions, he cleared his throat, trying to bring the atmosphere back to normal.

"Kiryu-san, shall we call it a day? I'll have the general affairs department expedite the data collection," said President Kazumitsu.

Kiryu Yaya looked at him again, his young face expressionless.

"You know President Kajiwara Shozo, right?"

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