Perfection of Rebirth

Chapter 871 Face the gap
"In addition to the home appliance business, Sanyo is also far ahead in technologies such as solar cells, fuel cells, and rechargeable batteries. I don't know if the major shareholders of the two island countries will be reluctant to let go despite the crisis."

After listening to Tang's article introducing the situation of Daiwa Securities and Sumitomo Mitsui Banking Corporation, Jiang Hui said with a little worry.

Not to mention how Daiwa Securities is, the two major chaebols of Sumitomo Mitsui Banking Corporation alone are not easy.

"The Mitsui consortium is currently composed of 25 large companies. Its core companies include Sakura Bank, Mitsui & Co., Ltd., New Oji Paper, Toshiba, Toyota Motor, Mitsukoshi, Toray, and Mitsui Fudosan. , Automobile manufacturing, real estate, nuclear power generation, semiconductor, medical and office electronic equipment and other industries have advantages.

Although Sanyo can be regarded as a company that has mastered the core technology, compared with other companies in the Mitsui consortium, Sanyo's technology is not so sensitive. "Tang Wenwen analyzed.

Although Jiang Hui didn't like the islanders very much, a consortium like Mitsui really shouldn't be underestimated.

In 1673, Mitsui Takatoshi opened "Mitsui Wufu Store" in Kyoto, which was the predecessor of "Mitsukoshi Department Store".

Mitsui Gaoli emphasized in his Mitsui family motto that "should go to Shimazaki or foreign countries to do business", which is the harbinger of Mitsui's internationalization.

After the Meiji Restoration, the Mitsui family purchased coal mines, textile factories, silk factories, etc. during the process of the Meiji government classifying government-run enterprises as private businesses.The distribution of coal produced in the Miike Coalfield is one of the important factors for the development of Mitsui & Co., Ltd.

The Miike Coalfield was originally operated by the government. In 1888, the government decided to sell the Miike Coalfield to a private company. Mitsui & Co. successfully bought the Miike Coalfield.

At that time, in addition to taking the Shanghai stock market as the starting point for Asian development, Mitsui & Co. also set up branches in London, Paris, and New York, but the nature was not quite the same.In addition to trade, setting up branches in advanced regions such as London has the purpose of learning from advanced Western countries.

Since the founding of the Meiji, the goal of the islanders has been to "catch up with Europe and the United States."Therefore, it is very necessary to realize the transition from handicraft industry to modern industry and from workshop to enterprise as soon as possible.

It is Mitsui & Co., Ltd. that supports the development of the cotton textile industry, the earliest modern industry in the island country.The most advanced cotton spinning machines were introduced from the UK at that time, and cotton was purchased from China, India, and the United States. Mitsui & Co. was the behind-the-scenes hero in the development of the cotton spinning industry in the island country.

During World War II, Mitsui Bank, the core of the Mitsui Zaibatsu, merged the first bank of the island country and changed its name to "Imperial Bank". Its operating strength surpassed Yasuda Bank and ranked first in the Zaibatsu Bank. Strong financial support, and thus faster development.

The two pillar companies of Mitsui Group, Tokyo Shibaura and Ishikawajima Harima, were dying and on the verge of bankruptcy after World War II.Both Toshiba and Ishikawa Island became one of the top 5 Japanese industrial companies and dominated the international market.

During the Meiji Restoration, during the struggle between the new Meiji regime and the Tokugawa shogunate, the Mitsui family had funded the new emperor system government and paid military salaries for the army.After the victory of the Meiji regime, as a reward, Mitsui Bank was allowed to take charge of government funds-official bank cashiers and exchange, and obtained the monopoly privilege of issuing "Mitsui notes" for currency issuance, which made great profits.

In 1876, the Mitsui family established a private bank, Mitsui Bank, on the basis of mastering the official bank.Mitsui Banking Corporation was the island nation's first private bank.Then, Mitsui started Mitsui & Co., Ltd., and bought a batch of industrial and mining enterprises cheaply from the government.

Since then, Mitsui has completely embarked on the fast track of rapid development.

The Sumitomo Foundation is also not simple.

Sumitomo Group is one of the oldest business groups in the island country with a history of more than 400 years.

In the 17th century, "Fujiya" was founded by Sumitomo Masaomo in Kyoto.From the beginning of the company operating copper musical instruments, in 1961, it obtained the management right of Besshi Copper Mine. After that, it has been able to produce copper products for 283 years, and Sumitomo has continued to grow because of this.

Among them, the founder of Sumitomo is also very legendary.

Sumitomo Masatomo was born in Maruoka, Echizen, in 1585. His father was originally a retainer of the Shibata Katsuya family. His family background was relatively prominent. However, it seems that outstanding people are destined to be different from others when they are born. They are destined to be "flowers of different colors". Zhengyou, who was supposed to be able to spend his childhood happily, made a puzzling decision at the age of 12-to escape into Buddhism.To put it bluntly, he became a monk.

Why he decided to escape into Buddhism, we don't know now.We only know that after escaping into Buddhism, political friends, because of their extremely high aptitude, as one of the proud disciples, became the right-hand man of Master Kongyuan, the patriarch of Nirvana. (It's a genius that shines everywhere)
However, the good times did not last long. Due to the interference of the sects of the Tokugawa shogunate, the Nirvana Sect was severely suppressed. After Master Kongyuan passed away, the sect was integrated by a branch of the Tiantai Sect and was on the verge of collapse.And Zhengyou, a "non-sectarian monk on the spiritual level", decided to return to the secular world and changed his name to Fujiya Kashiu. The "Fujiya" founded in Kyoto, dealing in medicines, books, and publishing businesses, became a market businessman and officially started. In business.

Besshi Copper Mine, which has gone through the chaotic period of the Meiji Restoration, has achieved a great leap in production capacity after the introduction of foreign technology and machinery.Later, while absorbing Western technology and continuously expanding copper production, related businesses such as machinery industry, coal industry, wire manufacturing industry, and forestry industry were also developed one after another until it became a modern consortium centered on the mining industry and financial industry.

The core of the group, known as the "Sumitomo Three", are Sumitomo Bank, Sumitomo Metal Industries, Sumitomo Chemical

Three companies.Among them, Sumitomo Bank has the highest status.Sumitomo Bank ranks in the forefront of urban banks both in terms of capital capacity and income.Therefore, the financial institutions in the same system, Sumitomo Trust Bank and Sumitomo Life Insurance, also have strong financial capabilities.

In fact, the proportion of the Sumitomo Group in the island country's economy is lower than that of Mitsubishi and Mitsui, but the cohesion of the group is unprecedentedly strong. There is often a saying that "Mitsubishi is organized, Mitsui is people, and Sumitomo is united".In addition, the family motto left by the Sumitomo family ancestors, "Don't pursue floating profits, and engage in public welfare-centered businesses that benefit the society" is also talked about by the business community, and it is worth learning for those with lofty ideals who are willing to go into business today.

In any case, Sumitomo Mitsui Bank, formed by the merger of the core banks of the Mitsui consortium and the Sumitomo consortium, is definitely not a fuel-efficient lamp!

If Guanghui Group wants to take Sanyo's shares from them, it must pay some price.

However, for the current Jiang Hui, the worst price is a beautiful knife.

(End of this chapter)