Yuxue
Perhaps Japan's still-living "Business Saint" really has authority, perhaps Fang Zhuo really exposed Toshiba's nuclear power dream, or perhaps S&P discovered new clues.
As Toshiba's rating dropped, and as Standard & Poor's gave reasons for "increased concerns about Toshiba's nuclear power business and concerns about the company's governance framework," Toshiba's stock price, which had previously been fluctuating and falling, fell heavily.
The Fukushima incident is a black swan for the development of the nuclear power business. This has been continuously verified by Toshiba's stock price since it occurred in March. However, Toshiba has released information on different occasions, believing that it is only a short-term situation that can rebound.
As for whether it can rebound... the current information from various sources has gradually proved that it is difficult.
And this “governance framework concern” is even more interesting.
The TV Tokyo program has not yet been broadcast, and Fang Zhuo is not sure how this business exchange with a sharper style will be edited. After witnessing the basic completion of Sony's framework, he accepted two interviews with well-known Japanese media.
In addition to once again emphasizing the reflection on the "craftsman spirit", we also talked about the slowness of Japan's administration. It should be investigated, punished and dissected. Just like the confusion in the business world, the actions of relevant agencies this time have also been widely criticized.
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Fang Zhuo was in Tokyo for cultural exchanges, and it happened that Nobuyuki Idei, the former head of Sony, was also invited by Chinese companies for domestic exchanges.
Although Nobuyuki Idei did a relatively bad job at Sony, this year, Lianji Computer invited him as a non-executive director on the company's board of directors out of consideration for the Japanese market.
Nobuyuki Idei was interviewed in China. Because the Japanese media widely reported the criticism of the head of Yike towards Japanese corporate culture, he was asked about the relevant situation.
"Mr. Fang is right to say that the spirit of Japanese companies is gradually losing, and this needs serious reflection."
Nobuyuki Idei gave an acknowledging but concise answer.
A reporter at the scene asked again what he thought of Mr. Fang’s role as an outside director at Sony.
Faced with this question that made his throat itch, Nobuyuki Dei pondered for a while before replying: "I have left Sony. Mr. Fang is a strong business man. I hope that he, as an outside director, will be beneficial to Sony."
The consulting company he founded now also regards China as an important market, but after all, he spent a long career at Sony and showed a certain attitude. This person actually continued to serve as an outside director after Stringer stepped down. It is really disappointing.
He was a little surprised.
When the activities of the former head of Sony were reported to Liu Zonghong's attention, he was accompanying his boss to inspect major semiconductor factories in Japan, and by the way, he also heard some reports from Mr. Kong.
"Nikon's photolithography machine solution is indeed very PPT. I asked them how far they are from ASML, and their caring expressions were really obvious."
Fang Zhuo talked about Nikon being listed as an alternative.
Nikon's optical technology solution sounds very advanced, but its practicality is not adequate, and its performance during the inspection process was disappointing.
"The money we spent in the Japanese stock market this time can completely buy enough photolithography machines for the ice core."
Kong Yu, who accompanied the inspection, said proudly, and then added the premise, "Of course, if ASML is willing to sell it."
…
Fang Zhuo was silent.
It's really not just about money, otherwise we wouldn't have to worry about it long ago.
But this time, Gasoline Man did a great job in financial markets as always.
Before the incident, Mitsubishi Electric's market value was US$25.4 billion, Panasonic was US$31.2 billion, Sony was US$40.2 billion, and Toshiba was US$23 billion... They are not among the world's top 500 companies, but they are also Japanese industry giants.
Today, Olympus, the worst company, has fallen by almost 80% and is about to be delisted. Sony has evaporated nearly 7 billion US dollars. Toyota and Nissan, which have been affected, are not inferior to the companies at the center of the fraud vortex.
Such a sharp decline in Japan's core companies caused the Nikkei and Topix indexes to plunge, forcing the Bank of Japan to take action and start buying ETFs to support the rebound of the stock market.
According to Gasoline Man’s report, in addition to his own short-selling in the Japanese stock market, the bloody smell of the exposure of collective fraud by Japanese companies has attracted other predators roaming the capital market.
Just in the past two days, the Bank of Japan has clearly released news that it will organize banks to rescue Japanese companies in trouble and use a two-pronged approach to stabilize stock prices.
On the other hand, some Japanese officials said that they have noticed some bad speculative behaviors and do not rule out intervention.
Compared with the U.S. market, Japan is more sensitive and the mechanism intervened earlier. There have been many bailouts this year.
Kong Yu just stopped when the situation was good and only took away some of the upper bubbles, because it was impossible to predict the intensity of the next actions of the Bank of Japan and the Ministry of Finance, and the recent trend of the yen also had to be taken into consideration.
Anyway, his biggest concern is not the Japanese companies on the list, but the Bank of Japan, which strongly supports the three markets of stocks, foreign exchange and bonds.
It is precisely based on this that Kong Yu noticed the predators swimming in the Japanese stock and foreign exchange bond markets and basically guessed what Soros and his like were thinking.
Everyone is patiently waiting for the impact of Japan's high-level changes. Since 2006, Japan has had six phases in five years. It seems that Noda, who just took office, is not a boss who can sit still for too long. There will be twists and turns and opportunities in the future.
"The fraud incident this time has attracted global attention, which can be regarded as helping us to share a lot of pressure. Someone in the US business has mentioned the ice core license, which is another troublesome matter."
Fang Zhuo sat in the car and mentioned some news from the United States.
The ice core technology introduction and equipment purchase licenses have been renewed, but now that wafer process technology is gradually coming into view, it has naturally become an issue that can be discussed.
Fortunately, it was only mentioned internally and not widely publicized.
Kong Yu frowned when he heard this. Ice core gave Yike an advantage in competing in the global market, but it was also its Achilles' heel. It needed to always be aware of threats to it.
The problem again is that this is almost certainly what will happen.
He puts himself in the boss's shoes, and the pressure at that moment may be more annoying than the problem itself.
"Buy, buy, buy, dig, dig, dig, dig, dig, and spend the money you make."
Fang Zhuo quickly put aside the emotion caused by the bad news and said, "I think Toshiba and Sony will be in decline for a while. Let the European patent companies come over."
Giants like Toshiba, Sony and Nikon all have semiconductor businesses and patents. Toshiba has storage, Sony has sensors, and Nikon has a complete lithography machine team. These are not sectors that can be opened in a short time.
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