"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 these two island countries will be reluctant to let go of the crisis. ”

After listening to Tang's article about the situation of Daiwa Securities and Mitsui Sumitomo Bank, Jiang Hui said a little worriedly.

Not to mention Daiwa Securities, the two major chaebols of Sumitomo Mitsui Bank alone are very not simple.

"The Mitsui consortium is currently made up of 25 large companies. Its core companies include Sakura Bank, Mitsui & Co., New Prince Paper, Toshiba, Toyota Motor, Mitsukoshi, Toray, Mitsui Fudosan and others. The consortium has strengths in the chemical, heavy machinery, integrated electrical machinery, automobile manufacturing, real estate, nuclear power generation, semiconductor, medical and office electronic equipment industries.

Although Sanyo is also a company that has mastered the core technology, compared to other companies in the Mitsui Foundation, Sanyo's technology is not so sensitive. Tang article analyzed.

Although Jiang Hui is very uninterested in the islanders, a consortium like Mitsui is really not to be underestimated.

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

Mitsui Takatoshi emphasized in his Mitsui family motto that "you should go to Shimazaki or a foreign country to do business", which was the precursor of Mitsui's internationalization.

After the Meiji Restoration, when the Meiji government transferred government-owned enterprises to private management, the Mitsui family purchased coal mines, textile factories, silk factories, etc. The distribution of coal produced in the Miike coalfield is one of the important factors in the development of Mitsui & Co.

In 1888, the government decided to sell the Miike coalfield to a private company, and Mitsui & Co. successfully purchased the Miike coalfield.

At that time, Mitsui & Co. not only took the Shanghai market as the starting point for its development in Asia, but also set up branches in London, Paris, and New York, but the nature was very different. In addition to trade, the establishment of branches in advanced areas such as London has the purpose of learning from advanced Western countries.

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

It was Mitsui & Co. that supported the development of the cotton textile industry, the earliest modern industry in the island country. Having imported the most advanced cotton spinning machines from the United Kingdom and purchasing cotton from the Celestial Empire, India, and the United States, Mitsui & Co. was the hero behind the development of the cotton spinning industry in the island nation.

During World War II, Mitsui Bank, the core of the Mitsui zaibatsu, merged with the First Bank of the island country and changed its name to "Imperial Bank", and its operating strength surpassed Yasuda Bank and ranked first among the chaebol banks, so that the direct enterprises and affiliated enterprises of the Mitsui monopoly chaebol received strong financial support, so they developed faster.

The two pillar companies of the Mitsui Group, Shibaura in Tokyo and Harima in Ishikawashima, were on the verge of bankruptcy after World War II. As a result of Toshio Toshio's efforts to "make everything vibrant", Toshiba has been reborn, and Toshiba has become one of the top 5 industrial companies in the island country and Ishikawa Island has become one of the top 50 industrial companies in the island country, dominating the international market.

During the Meiji Restoration, during the struggle between the new Meiji regime and the Tokugawa shogunate, the Mitsui family financed the new imperial government and paid military salaries. After the Meiji regime won the victory, the Mitsui Bank was given the control of the government funds, the cashier and the exchange, and was granted the monopoly privilege of issuing "Mitsui bills" for currency issuance, which made a huge profit.

In 1876, the Mitsui family established a private bank, the Mitsui Bank, based on their control of the official bank. Mitsui Bank was the first private bank in the island nation. Subsequently, Mitsui set up Mitsui & Co., Ltd., and purchased a number of industrial and mining enterprises from the government at a low price.

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

The Sumitomo Foundation, on the other hand, is no simple.

The Sumitomo Group is one of the oldest conglomerates in the island nation, with a history of more than 400 years.

In the 17th century, the Fujiya was founded by Masayo Sumitomo in Kyoto. Sumitomo grew from a copper musical instrument business to 1961 when it acquired the right to operate Besko Copper Mine, and has been producing copper products for 283 years.

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

Sumitomo Masantomo was born in 1585 in Echizen Kunimaruoka, his father was a retainer of the Shibata Katsu family, and his family background was relatively prominent, but the outstanding person seemed to be born to be different from others, destined to be a "fireworks of different colors", and Masayo who should have been able to spend his childhood happily, made a puzzling decision at the age of 12 - to escape into the empty door. To put it bluntly, he became a monk.

Why we decided to escape into the empty door, we don't know now. All we know is that after escaping into Buddhism, because of his extremely high qualifications, he became the right and left hand of the Venerable Master Kongyuan, the ancestor of the Nirvana Sect, as one of his proud disciples. (It's really a genius that shines everywhere)

However, the good times did not last long, due to the interference of the Tokugawa shogunate, the Nirvana sect was severely suppressed, and after the death of the master of the empty source, the sect was already unified by one branch of the Tiantai sect and was on the verge of collapse. Masantomo, who was considered a "spiritual monk without sects", decided to return to the world, changed his name to Fujiya Kakyu, and founded "Fujiya" in Kyoto, dealing in medicines, books, and publishing, becoming a market businessman, and officially began to engage in business.

After the chaos of the Meiji Restoration, Besko Copper Mine made a great leap forward in its production capacity after introducing foreign technology and machinery. Later, while absorbing Western technology, copper production was expanded, and related businesses such as the machinery industry, the coal industry, the wire manufacturing industry, and forestry were developed one after another, until it became a modern foundation centered on the mining industry and the financial industry.

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

Three enterprises. Among them, Sumitomo Bank has the highest status. Sumitomo Bank is at the forefront of metropolitan banks in terms of capital capacity and income. Therefore, the financial institutions of the same system, Sumitomo Trust Bank and Sumitomo Life also have strong financial capabilities.

In fact, the Sumitomo Group's share of the island's economy is inferior to that of Mitsubishi and Mitsui, but the group's cohesion is unprecedentedly strong, and it is often said that "Mitsubishi is organized, Mitsui is human, and Sumitomo is united". In addition, the motto of Sumitomo's ancestors, "Do not chase after floating profits, but engage in a public welfare-centered business that is beneficial to society" is also talked about by the business community, and it is worth learning from those with lofty ideals who are willing to engage in business today.

In any case, the Mitsui Sumitomo Banking Corporation, which was formed by the merger of the core banks of the Mitsui Foundation and the Sumitomo Foundation, is definitely not a fuel-efficient lamp!

If the Korn Ferry Group wants to take the shares of Sanyo from them, it will inevitably have to pay some price.

However, for the current Jiang Hui, the most unbad price is the American knife.

(End of chapter)