343 Kadokawa Shoten
"Okay, then you go and prepare, has Ichiro Takizawa arrived?" Xu Zhi nodded and asked.
"Mr. Takizawa is waiting outside the door at the moment. Ma Shimin replied that he had been in Japan for an inspection before, and he was accompanied by this Ichiro Takizawa, and then the two returned to Xiangjiang together.
"Okay, then call him in when you go out. Xu Zhi said with a smile.
"Okay. Ma Shimin nodded, then left the office, and after a while, Ichiro Takizawa walked in, and the first thing he did was to make a big bow.
"Chairman, it's a pleasure to see you again. β
Xu Zhi greeted: "You're welcome, sit down." β
"Thank you. Ichiro Takizawa bowed slightly again and sat down on the couch.
Xu Zhi asked, "Have you found a suitable chain of bookstores in Japan that you are willing to sell during this time?"
"Chairman, according to your request, I contacted several chain bookstores through intermediaries, and three of them were willing to sell, and the largest of them was a bookstore called Kadokawa Shoten. Ichiro Takizawa said.
"Kadokawa Bookstore?" Xu Zhi muttered to himself, this name is very Japanese, many companies in Japan use the founder's surname as their name, such as the famous Matsushita Electric and Honda Toyota, the company's name is the founder's surname.
Ichiro Takizawa continued, "Chairman, this Kadokawa Bookstore was founded in 1945 and is now headquartered in Chiyoda-ku, Tokyo, with a total of 217 bookstores, which are basically spread throughout Japan except Hokkaido.
There is only one problem, Kadokawa Bookstore is mainly located in small cities in Japan, because Kadokawa Bookstore itself is small, and the rent in big cities is more expensive, so in Tokyo, Osaka, Yokohama and other large cities, Kadokawa Bookstore also has only two or three small bookstores each.
Urbanization in Japan is becoming more and more pronounced, with cities such as Tokyo and Osaka being the places with the most young people, and these big cities are also the best-selling places for manga weekly. β
"It doesn't matter, as long as you have money, it's not a problem to open a store in a first-tier city in Japan, on the contrary, I value the layout of a smaller city more. Xu Zhi waved his hand and shook his head and said with a smile, the development of chain stores, the most time-consuming thing is to develop one small city after another, while the big city is much simpler, centralized management is also convenient, the only trouble is the high rent, but as long as there is money, these are not a problem.
Ichiro Takizawa took out some photos from his briefcase, handed them to Xu Zhi and said, "Chairman, this is a photo I took when I visited more than a dozen Kadokawa bookstores, please take a look." β
Xu Zhi took it and looked at it carefully, and the photos were all photos of the outside and inside of Kadokawa Bookstore, a total of twenty or thirty.
"These bookstores are not large-scale, they are generally a faΓ§ade, mainly selling materials such as student learning materials, comic weeklies, music tapes, pen and ink, etc. Ichiro Takizawa continued.
Xu Zhi smiled and said, "It doesn't matter if the area is small, as long as there is this stronghold, I don't need much space." β
Japan's manga industry is extremely developed, and the terminal retail field is naturally the same, many large chain manga stores are strategically located, and the area is also very large, many Japanese otaku in addition to staying at home, they also like to go to these bookstores to spend time.
But in fact, a manga shop is like a supermarket, which has the great advantage of accommodating all kinds of comics, which can also attract more comic lovers to come and choose.
And small also has small advantages, in this world any commercial project is limited funds, if you want to quickly cover the whole of Japan, a small area of the store is the best choice.
Ichiro Takizawa continued: "I have communicated with the president of Kadokawa Shoten, Haruki Kadokawa, several times, and he asked for 500 million yen, which is a little too high, and the other party will not reduce the price again, so please make it clear to the chairman!"
"500 million yen. Xu Zhi calculated the exchange rate, and the current exchange rate between the yen and the US dollar is 250:1, that is, 500 million yen is only 2 million US dollars. So he asked, "Do you rent all the storefronts in this bookstore yourself, and don't you own any of them?"
"Yes, all of them are rented, but they run all of these bookstores, and none of them are franchised. Ichiro Takizawa replied.
Xu Zhi asked, "Why did the owner of Kadokawa Bookstore sell his company?"
Ichiro Takizawa replied: "I'm not sure about the specific reason, but what I do know is that as early as 10 years ago, Haruki Kadokawa, the president of Kadokawa Shoten, had already started to use the bookstore's funds to shoot movies, and it was said that the box office was good.
I think it should be that the return on film investment has exceeded that of the bookstore, so he has the intention of selling and is ready to concentrate capital on investing in the film industry. β
"I see. Xu Zhi nodded and said, Japan's film market has always had a very good rate of return, they produce and sell themselves, and the automobile industry, like the automobile industry, is extremely excluded from the outside world, even in the 21st century, Hollywood, which is conquering cities in the world, is difficult to completely enter the Japanese market.
There is not much external competition, and the spending power of the Japanese is not bad, as long as the movie is made well, it is indeed more profitable than a traditional bookstore.
"Since Kadokawa Shoten doesn't own any property, and last year's net profit for the entire bookstore was about 30 million yen, I think the 500 million yen quoted by Haruki Kadokawa is on the high side. Ichiro Takizawa said seriously.
Xu Zhi nodded and said, "Then how much do you think it should be worth?"
Ichiro Takizawa said, "About 400 million yen. β
"Okay, you can talk to Haruki Kadokawa about the specific price, and I will also arrange some professionals to help you. Xu Zhi said: "You just said that in addition to Kadokawa Bookstore, there are two other chain bookstores to choose from?"
Ichiro Takizawa nodded: "However, the scale of these two is much smaller, and the number of bookstores in both of them does not exceed a hundred. β
Xu Zhi asked, "Then are the locations of these bookstores duplicating those of Kadokawa Bookstore?"
Ichiro Takizawa said: "There is some repetition, but it shouldn't be much. β
"Isn't that enough? You just said that Kadokawa Bookstore doesn't have many stores, so if we buy these two together, wouldn't it be okay? Xu Zhi said with a smile.
Ichiro Takizawa nodded and said, "I understand, when I return to Japan, I will contact these two bookstores as soon as possible." β
Xu Zhi said with a smile: "If you acquire these three bookstores, I estimate that the total number of stores should reach 400, but this is not enough at all, especially in big cities, after you take over Kadokawa Bookstore, I will expand on a large scale in Tokyo, Yokohama, Osaka, etc., this matter is up to you, if you can, it is best to directly acquire the existing bookstores, if not, then we will buy the stores ourselves and open new branches?"
"Buying your own property?" Chairman, housing prices in Japan's big cities are very expensive, and if you invest too much money in buying property, I'm afraid it will be difficult to meet the requirement of opening bookstores all over Japan in a short period of time. Ichiro Takizawa reminded.
"That's just as well. Xu Zhi also frowned, now buy a store in Japan, in a few years, the formation of a real estate bubble in Japan will definitely be able to make a profit, but even if the current housing prices are not so perverted, it will be difficult for his funds to buy hundreds of stores.
After pondering for a moment, Xu Zhi said: "In this way, in the future, we can start from two aspects, first, I will arrange for a Japanese real estate company to give priority to the acquisition of store properties, and then these properties will be used to build shops."
Second, we can adopt a franchise model and invite some local people in Japan to cooperate, which can also reduce our management costs. β
"Joining is indeed a method, but with the current reputation of Kadokawa Shoten, I am afraid it will be difficult to attract people to join. Ichiro Takizawa replied.
"Fame takes time to accumulate, and there's no rush on it. Xu Zhi smiled and said: "The matter of the bookstore is like this for the time being, I will provide the follow-up funds, you just need to manage the bookstore first!"