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Kobayashi Chemical's self-destruction at the current juncture caught people off guard.
Many Japanese media hate that iron cannot become steel, and they are still trying to defend themselves. Why did you start fighting among yourself first?
Even if you want to have internal strife, don’t choose a time like this!
At this time, we should unite more and take into account the overall image of Japanese companies!
Sure enough, if a Japanese company is exposed for fraud, then the fraud will be done, and it may only be digested in a small range. But this time, Kobayashi Chemical was on the pages of many international media the next day, most of them titled "
Reported under the headline "Japan Reappears into Fraud by Well-known Enterprises".
Without WikiLeaks, Japan has been able to produce relevant news on its own, which has pleased many media outlets that have been following this hot event recently.
Speculative losses, financial losses, air bags, steel and aluminum products, drug tampering...
Whenever a new Japanese counterfeiting company appears, the media will always review the recent related revelations, and they have to lament that the five famous companies are actually in five different fields...
The most famous one is Sony.
The company that has been counterfeiting the longest is Kobayashi Chemical.
In terms of bad properties, Takata airbags and Kobe Steel each have their own merits.
As for Olympus, its financial methods may be more sophisticated.
On October 24, Sony officially announced that it had accepted CEO Stringer's resignation and stated that it would hold an extraordinary general meeting of shareholders in Tokyo on November 7 to elect a new board of directors and CEO.
Less than half a day later, Sony updated the news again and also accepted the resignation of CFO Katsumi Ihara.
This means that Sony, which is suspected of suffering huge losses, has officially embarked on the road of high-level restructuring to deal with the situation.
Another day later, Kobe Steel finally stopped being coy. President Hiroshi Kawasaki and executive vice presidents and other senior officials held a press conference and also bowed and apologized before the media's cameras.
Compared with Takata, Kobe Steel's products are more basic, and the news of its official admission of fraud also caused greater shock.
Made in Japan has always been a sign in the world. The direct response this time is the recall of vehicles by Toyota, Nissan and other automobile companies, and the self-inspection and screening of manufacturers around the world.
Japan's TV Tokyo criticized the two companies' fraud in a program, saying bluntly, "Manufacturing is the foundation of Japan, and the current fraud has far-reaching consequences."
The guests invited on the program talked about the unconcealed hatred of WikiLeaks' revelations and believed that they had ulterior motives. When talking about the trend and criticism of international public opinion, they couldn't help crying.
As one of the parties involved in promoting the progress of the incident, Fang Zhuo also saw the dynamics of Japanese public opinion in New York.
As the person who provided updates to the boss, Liu Zonghong was curious about Mr. Fang's reaction and paid close attention to his expression. Then he found that it was not necessary at all. The boss laughed out loud, especially when he saw the guest crying.
"Mr. Fang, you are going to Tokyo later. If there is a media interview, well, this..." Liu Zonghong couldn't help but remind his boss, for fear of making a mistake in public.
If the Japanese media were conducting a serious and sad interview and the boss suddenly laughed, the problem would probably become serious.
"No, I saw the Japanese crying and thought of the advice I gave Stringer."
…
Fang Zhuole said, "Stringer asked me what he should do if he was being interviewed all the time recently, so I suggested that he wipe his tears on the spot when he took the time."
He continued: "It's quite similar but similar in approach."
Liu Zonghong nodded, knowing that the old Sir Stringer still paid more attention to public opinion. Fortunately, Sony's loss this time was under the cover of a group of teammates.
Compared with the inability to make losses, people criticize the falsification of product parameters more.
He's just a stringer, so what else can he do?
"Do more, do more, this is interesting."
Fang Zhuo watched the Japanese crying program twice more and enthusiastically proposed new work content, "Go to the media for interviews and do more crying."
Liu Zonghong was stunned for a moment and then realized that it was just like bowing. If you cry too much, it would be worthless. Instead, it would be more like a clown's behavior.
Faking, bowing, crying, anyone who sees it too much will become numb.
Liu Zonghong considered the arrangement of public opinion actions in his mind and reported another situation: "The class action lawsuit against Takata and Kobe Steel will be very long."
"It's okay. This may cause more harm to the company. Japan will protect it, and the United States and Europe will definitely impose heavy penalties."
Fang Zhuo thought for a while and said, "Some of these companies must have gone bankrupt."
So far, the stock prices of five companies have plummeted, but Sony, which is large in size, has fallen the most. However, with Stringer’s confirmation of stepping down and the upcoming extraordinary shareholders’ meeting, Sony’s stock price has turned negative.
fall.
What can be expected is that Sony's stock price will usher in another round of plummeting when the official financial loss report is released.
Fang Zhuo closed his notebook, drank half a glass of water, and said with emotion: "It's really dazzling. Now I haven't defrauded Toshiba, but I have inspired Kobayashi Chemical like this."
Japanese companies are an overall concept, but each company has its own circumstances.
Japanese car brands such as Toyota and Nissan will announce the recall of vehicles before Takata confirms the situation. The vice president of Kobayashi Chemical blew himself up in public. I wonder what kind of power struggle is involved.
Liu Zonghong said seriously: "The next step is to look at Toshiba."
Fang Zhuo changed his mind and suddenly said: "As soon as the news about the fraud by these Japanese companies came out, there were fewer interviews asking me about the situation of semiconductors."
As the head of Ice Core, this trip to the United States will always inevitably respond to the criticism of the semiconductor industry here, including some friends in Washington.
On the one hand, Fang Zhuo talked about the objective difficulties of the industrial chain, which is not so easy to pursue. On the other hand, he also weakened the significance of Bingxin to Yike. Regardless of market value or scale, Yike far surpasses Bingxin.
In addition, he also talked about his plan to launch ice core next year.
In this way, when we encounter the continuous fraud and dissemination by Japanese companies, Fang Zhuo is really missing a lot.
Of course, as the U.S. election campaign warms up, this is a regular topic for both parties, and it is unavoidable.
Fang Zhuo just hopes that he won't be so on the tip of the needle and won't be constantly hyped by the media.
Now, with public opinion discussing the fraud of Japanese companies, even though the relationship between Japan and the United States is different, it has also entered the topic discussed by both sides during the election campaign, which is another change that Fang Zhuo did not expect.
…
In the last two days of October, Sony's top executives returned to Tokyo to prepare for the extraordinary shareholders' meeting.
Fang Zhuo attended a charity foundation event with Stringer in New York.
The theme of the charitable foundation is global children and education issues, which belongs to a relatively moderate category.
However, despite greeting the media, Stringer and Fang Zhuo still had to be asked about the recent turmoil between Sony and Japanese companies.
Stringer was old and frail, and he really felt sorry for Sony in his heart. He couldn't stand the constant questioning from the media. He rolled his eyes and followed Mr. Fang's suggestion, hanging his head and wiping tears.
"Oh, you guys..." Fang Zhuo didn't expect that Jazz was wiping his tears in front of him. He suppressed the smile in his heart and helped smooth things over, "You should still be shareholders of Sony. Now it depends on how Sony moves forward.
It has practical significance.”
"Mr. Fang, there are many people on Twitter calling on you to re-elect the worst CEO of the past decade. How would you evaluate Stringer's management of Sony?"
""
Chris, a reporter from the New York Times, saw this and raised the question to Mr. Fang face to face.
Fang Zhuo spread his hands, turned to look at the old knight, shook his head slightly, and sighed: "He was just pushed to the wrong position at the wrong time."
"Are you taking the blame for Stringer?"
Chris asked again.
"If you look at the recent situation of Japanese companies, you will find a question: why companies like Olympus and Kobayashi Chemical have been able to commit fraud for so long."
Fang Zhuo mentioned the other two companies and said, "Based on the current situation, I suspect that there are still such bombs lurking in Japanese companies."
He explained: "You may not be familiar with the culture of Japanese companies. They place great emphasis on the authority of the president and the authority of superiors. There is a lot of emphasis on loyalty, filial piety and hierarchy."
"Stringer is Sony's unprecedented foreign CEO. He faces not only business problems, but also deep-rooted cultural conflicts."
"Not only Sony, but even many large companies in Japan, senior executives and directors have stated that they are only loyal to the president. Proposals are not reviewed by the board of directors or subject to legal review."
"Under such circumstances..."
Fang Zhuo shrugged: "Reform is difficult, but I still think Sony's internal reform is beneficial and needs to continue. However, the effect of reform is sometimes affected by multiple factors."
He shared his views on Japanese companies.
Chris seriously raised a new question: "What about Chinese companies?"
Fang Zhuo laughed loudly and replied: "Next time you come to interview me, let's arrange an exclusive interview so that we can have a good chat."
Secretary Liu Zonghong not far away silently blocked Chris.
Fang Zhuo talked about a few more Sony issues, then shifted the topic to Japanese companies, saying: "We may need to comment on the top ten counterfeiting companies that will open our eyes in the 21st century."
Another reporter from the Wall Street Journal laughed: "In 20 or 40 years, the companies that have been exposed now are all the leading companies in the Japanese industry. They are probably large-scale fraud. Fobol must have discovered the clues before launching the investigation.
.”
"That's not clear."
Fang Zhuo pondered for a moment, "No matter what, fraud is intolerable."
…
"Mr. Fang, your list of the top ten counterfeiting companies may need to be expanded."
Reporter Downs said about the newly released news, "WikiLeaks has updated again, this time it's Dawn Brake."
Fang Zhuo was shocked: "Another one?"
Downs was about to speak when he suddenly realized something was wrong: "This time it's two companies, Sugon Brake and... Toshiba."
Fang Zhuo was shocked: "Ah? Toshiba? Century-old Toshiba? What is it like?"
Toshiba is a truly century-old enterprise in Japan. It has been a long 136 years since its establishment in 1875.
It is a globally famous Japanese brand comparable to Sony.
WikiLeaks broke the news this time about Toshiba, accusing it of also committing serious and systemic financial fraud and having problems in its semiconductor, imaging, personal computer and infrastructure businesses.
As for the partner Sugon Brake this time, it is a well-known auto parts supplier in Japan. It mainly produces brake devices and has customers all over Japan.
Among them, Toyota is the largest shareholder of Sugon Brake.
Fangzhuo and Stringer, along with on-site media, shared and digested the latest news from WikiLeaks.
"I really didn't expect that something might happen to Toshiba."
Fang Zhuo kept sighing rigorously.
Chris of the New York Times expressed the feeling of most people: "I wouldn't be too surprised if any Japanese company has problems now."
Another reporter said: "The past short month has simply reshaped Japan's brand image that has been built over the past few decades!"
Japanese companies seem to have become the hardest hit area for fraud. Although everyone knows that concentrated revelations have an impact on perception, the output of such large companies in multiple fields really makes people...have to think this way.
"There are already many voices calling on Fobol and the SEC to release investigation documents on Japanese companies."
Another reporter said, "Republican Romney also called for the public disclosure of corporate fraud investigations in the security field the day before yesterday."
Fang Zhuo: "Well..."
Well, this is really embarrassing for the two departments. How can we announce this?
"The SEC clearly denies the existence of this type of investigation, but if it were not for their investigation, the goal of such revelations could only be to pursue the competition of these companies in the market and the benefits they can bring to the financial market."
Chris suddenly thought of the experience of the person in front of him, "It's like when Yike was shorted."
Fang Zhuo smiled, not used to discussing plans in public like this.
Stringer, who had already wiped away his tears, suddenly said: "I know who WikiLeaks is after."
As soon as he said this, reporters and cameras immediately turned to Sony.
Is there any inside story about Lost Dog?
Stringer said seriously: "Maybe I will go to Toyota and Nissan."
Takata airbags, Kobe Steel and Aluminum, Sugon brakes...
Three consecutive suppliers have experienced problems, and automobile companies such as Toyota and Nissan have initiated vehicle recalls. Now it is clear that they need to face a more severe situation.
Toyota: It’s broken, come for me!
Nissan: Who says it’s not!
The reporters put down their microphones one after another. Sony's loser still has a sense of humor.
"If the problems of Toshiba and Sugon are true, it can only be said that the frequent occurrence of these frauds proves that the boards of directors, boards of supervisors, audit committees, internal audit departments and other institutions of Japanese companies are in name only, and their original functions have not been played at all."
Fang Zhuo said meaningfully, "This is a test for Japanese companies and their corporate governance systems."
WikiLeaks updates are routinely reported by many media outlets.
——Toshiba upgraded its Japanese-style vibration. 2011 was a quality disaster year for Japanese companies.
Toshiba has not responded yet.
Also, many consumers in the Chinese market suddenly asked: Why don’t Toyota and Nissan recall our vehicles?
Yuxue
This chapter has been completed!