Japan, Tokyo.

As April began, July-11, the number of stores in the whole day officially exceeded 10,000, becoming the first company in human history to open a convenience store to 10,000.

And this is actually a Japanese country with a small and densely populated area, which is really unimaginable!

But if you think about it carefully, this is a normal result.

It is precisely because 150 million people were squeezed on the land of more than 300,000 square kilometers of Japan, so there is a business wherever convenience stores are opened.

Japan and China have a very developed economy, and factories even open day and night, resulting in a lot of people working in the morning and evening shifts.

The various highway systems in Japan are also very developed, which leads to many 7-11 next to each road for people working in the morning and those who get off work in the evening.

It is also very good to drive a car to buy things from 7-11 and go home to rest, or to drive the car to deliver goods, park in front of the 7-11 store, buy some food, take a break and then go on the road.

This is true in the wilderness, let alone in the city.

Especially for cities like Tokyo and Osaka, convenience stores like 7-11 that can buy things 24 hours a day, which are most suitable for those working.

Housewives may not want to come here to buy things, but students, office workers, etc. all like this convenient small shop.

Although the price is a little more expensive, you can buy any daily necessities after all, and it is very convenient.

Young people don’t know what saving is. As long as it is convenient and convenient, and the food is delicious and the food is very useful, it is the most popular product among them.

Of course, the most important point is that Japan's economy is in a high stage of development.

Every company in Japan is making money, everyone has a very high salary, and you can have a good job waiting for students after leaving school... Such a huge economic dividend makes everyone in Japan full of confidence in the future.

They dare to spend money now and are willing to spend money. Strong welfare measures support them in doing so.

Under this background, various local businesses in Japan are also easy to do.

7-11 happened to catch up with such a good time, and the secret to 7-11 success that Yin Jun gave them in advance, so it is not uncommon to start from about 6,000 at the end of 1980s to April 1985, Japan. The overall opening of 10,000 7-11s is not uncommon.

As the controlling shareholder Yokado Ito, it is really a great case of having such an unexpected surprise.

Ito Yokado has a large department store that directly faces housewives and families, and a 7-11 convenience store that faces young people and office workers. Ito Yokado has occupied all aspects of retail department stores, and it deserves to be the number one in Japan.

Even the Seibu Group, which is expanding wildly, is not as good as Ito Yokado in simple Seibu department stores.

But it wasn't that happy about 7-11, including Ito Yokado.

To be precise, it is an anxiety feeling up and down.

The more successful you are, the more anxious you are.

The reason is that in January 1981, the board of directors of Ito Yokado and Kirin Group signed a bet agreement.

At that time, the 7-11 assets of the Hong Kong Kirin Group except Japan and the United States were discussed with the 7-11 merger.

Originally, Qilin Group wanted 60% of its shares, but 7-11 gained a stronger position, allowing Qilin Group to only acquire 40% of its shares.

But in order to successfully merge, Ito Yokado had to agree to a very tempting and tempting gambling agreement for Kirin Group.

That is, if within three years, the 7-11 controlled by Kirin Group did not open 2,000 new stores; and in five years, it did not acquire US 7-11 assets, then Kirin Group would sell 20% of Ito Yokado's shares at the market price, and they would only have 20% of the 7-11 shares, and they would never be able to make waves.

On the other hand, if Kirin Group meets these two conditions on time, they will also buy 20% of the shares in Ito Yokado at the market price, thus becoming the owner of 60% of the shares, while Ito Yokado can only occupy 40% of the shares of 7-11.

After a series of close consultations and estimates by the company, they felt that Kirin Group should not be able to achieve its goal, so they signed this bet agreement.

After all, it took 6 years to open 2,000 stores to be opened after 7-11.

Besides Japan, where are there such generous conditions to open so many stores in a short time?

But unexpectedly, Qilin Group signed the agreement and went to Thailand. After two years, they opened more than 1,500 stores.

And by April, 1,800 have been opened, and the goal of 2,000 is just around the corner.

This is more than just a few.

In February, news came from the US sources that Kirin Group was entrusting Goldman Sachs to acquire US-US industries from 7-11.

Although I knew that this must be what Yin Jun was going to do, and if I spent enough money, the American Southern Company might agree, but when it comes to Thailand's 7-11 stores, it is a little trembling when it comes to 2,000 stores. Ito Yokado and even 7-11 people.

Once the two conditions are completed, they have reason to acquire 20% of the shares of 7-11 at market prices!

If this continues, although the property rights of 7-11 are completely clear and can be operated directly around the world, the dominance is not in the hands of 7-11.

To be precise, it is not in the hands of Ito Yokado.

Even though Yin Jun once guaranteed in the contract that he would hand over the management rights to Ito Yokado so that they could directly control and operate.

But if the shares are too concentrated in the hands of other shareholders, it is always uneasy.

It would be fine if it was a listed company. Even if it was a 20% stake, it would definitely gain the dominance with the support of the management.

Now it is not listed on July 11, and there are only two shareholders. What do you think about it Yokado?

As April begins, they have been meeting to discuss this issue.

As the president of the 7-11 representative and general affairs of Ito Yokado, Toshifu Suzuki naturally attended these meetings.

Unlike others, Toshifumi Suzuki was shocked and a little excited.

The things he and Yin Jun agreed to have not been written into the document contract, but he understood that Yin Jun would not give up his usual style of dealing with people for him.

As long as Yin Jun successfully acquires 60% of the 7-11 shares, then he, Toshifumi Suzuki, can work for a few more decades and retire when he is 81 years old.

A professional manager who can retire only at this age is already the most glorious retirement!

Not to mention that Yin Jun also promised 2% of 7-11 shares.

If the company does not go public, no one will know that this 2% stake will be in their hands.

If 7-11 becomes an empire of US$100 billion, then what a huge fortune is the entire Suzuki family worth US$2 billion?

Even if you get underground, you can explain to your ancestors.

So, during this frequent meeting, he suddenly heard news that Kirin Group had announced the successful acquisition of US-US assets of 7-11, and Bangkok also announced the opening of 2,000 stores. He wanted to yell loudly.

Other members of Ito Yokado's board of directors were not as happy as him.

When Yin Jun's bet agreement was reached, the group of people were unconsciously in deep regret and annoyance.

Toshifu Suzuki was also scolding Yin Jun for being a bad intention, having already made plans, and stood up in public to review, saying that it was too incorrect to agree to this matter and should be punished.

"Sit down, if you have responsibility, everyone has responsibility." The president of Ito Yokado waved his hand, "Who could have thought that Yin Jun had developed so fast in recent years? He changed from a company with a few billion US dollars to an asset that now has more than 40 billion US dollars? With so much money as a backing, it is reasonable for him to achieve these."

"More than that," another general manager spoke, "With this money, he can easily buy 20% of the 7-11 shares. We originally thought that the high price would make him hesitate and take a compromise method..."

At that time, this was also a project to consider. The assets of 7-11 should soar to around 6-8 billion US dollars in three years. Yin Jun may not be able to take out more than one billion US dollars to buy shares.

Therefore, if there really is one day, Ito Yokado will discuss with Yin Jun, the best thing is that both parties will occupy 50% of the shares.

In this way, no one has to be afraid of anyone. They are working equally, which is the best of both worlds.

But unexpectedly, Yin Jun’s assets are now 40 billion US dollars, and they are still growing.

Although it is not as good as Ito Yokado's assets, it is really easy to buy 20% of the shares of 7-11.

"What should I do?" Suzuki Toshimoto asked in contemplation, "We cannot afford to take on the responsibility for breach of contract!"

"What else can you do? Let's talk about it!" The president of Ito Yokado said with a fax, "Yin Jun is not that kind of harsh person. Do you know what the acquisition valuation he gave?"

"8 billion US dollars?" another specialist estimated, because this is their estimate of the overall assets of 7-11 today.

"10 billion US dollars!" said the president, "He took out the United States 700-11 US dollars for 500 million US dollars, and the 2,000 storefronts in Thailand were priced at 600 million US dollars, and subsidized 900 million US dollars in cash to buy 20% of our shares."

When everyone heard the price, they could not see each other.

Yin Jun seemed a bit domineering and calculating when he wanted to force his shares of 7-11, but his courage in doing business was also amazing.

I will directly increase your valuation by about 25%, which is equivalent to giving you a profit of 400 million US dollars to Ito Yokado.
Chapter completed!