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"An era is over."

At a time when China's huge political forces are once again bursting out in strength to gather strength for the election of a new cabinet in the near future, Hideki Ohumum, chairman of Japan's Mori Seiki Corporation, was also in the conference room, facing a room of directors and executives, and issued such a lament.

This is the last board of directors of Mori Seiki company, tomorrow, Mori Seiki this high-precision machine tool production company with a history of several decades will officially declare bankruptcy, this once entered the top ten large equipment manufacturing enterprises in Asia, its core industry is high-precision machine tools, and finally due to insolvency, was eliminated.

Three years ago, the failure to compete in the European market with the German Frank Electronic Machinery Company was a turning point for Mori Seiki from prosperity to decline. After that, the German machine tool companies led by Frank began to join forces to strangle Mori Seiki, and they used products that were basically similar to Mori Seiki, but lower than a quarter to one-third of the price of Mori Seiki, and pried away Mori Seiki's traditional customers one by one, so that Mori Seiki's market was shrinking day by day, from Europe to the Americas, and then to Greater Asia, until it finally collapsed.

In order to get out of the predicament, Hideki Okuma also took a lot of measures. He first closed two underserved factories and tried to reduce workers' wages to reduce production costs. Then, it squeezed out funds to strengthen the development of new products, hoping to use the technological advantage to niggle back the defeat. In the end, he even sent a request to Mori Seiki's upstream producer of chips, one of the world's leading semiconductor production giants, China's Shanghai Pudong Semiconductor Company, to stop exporting chips to Germany's Frank Electronic Machinery Company. But the Chinese side was unmoved. Pudong Semiconductor Company is only one of the few semiconductor companies in the world, not the absolute hegemon of global semiconductors. They don't produce such a big order, and some companies are willing to take over. Such a request is contrary to the interests of Pudong Semiconductor.

Therefore, none of these methods of Hideki Okuma have been able to get Mori Seiki out of the quagmire. After three years of lingering. Mori Seiki finally went bankrupt.

Mori Seiki Company has come to this point, in fact, it is inevitable. Over the past decade or so, Japan's manufacturing industry has continued to move out of India, as has Chinese industrial companies, and many companies prefer to have Indian companies do OEM rather than leave their factories in Japan [China], where labor costs are extremely high. After too much downstream manufacturing industry leaves, the machine tool equipment industry as an upstream will naturally decline.

In addition, since the collapse of Japan's real estate industry in the 80s, the economies of both North and South Japan have fallen into a long-term downturn, and the financial crisis in Asia that began in 83 has been exacerbated. These two years. Mori Seiki's stock continued to fall, investor confidence was low, and many of the self-help measures introduced by Hideki Okuma could not be supported by investors, and the company's bankruptcy was inevitable.

When it really came to the point of declaring bankruptcy, Hideki felt relieved, he had a sense of relief, and finally he no longer had to worry about his old rival Frank all the time. In Eiki Okuma's view, Rudolf Megne, the president of Frank & Co., is an opponent who never plays cards according to common sense, and he is more of a spoiler. The order of the entire market has been destroyed. Now that Mori Seiki is out of business and the market belongs to Frank, Hideki Okuma wants to know how Megne intends to continue operating in this disrupted market. And relatively peaceful with China's high-precision machine tool industry companies.

They are the uncrowned kings of the entire market.

You must know that although there are only seven or eight high-precision machine tool production companies in China, each of them has the support of chip giants. Today's high-precision machine tool CNC is inseparable from high-quality chips. China's semiconductor industry is not only technologically leading the whole world, but also accounts for 70% of the world's output.

"Everyone. Thank you all for all that you have done for the company over the years, and I beg your pardon. I beg your pardon for disappointing everyone's high expectations. Eiki Ohuma stood in front, bent down deeply to the crowd, bowed 90 degrees, and did not straighten up for a long time.

The directors and executives kept their heads down and remained silent, not knowing whether they were equally ashamed or if they were hurrying to think about their own way out.

"Is there anything else you have to say?" Big Bear Hideki slowly raised his head, his eyes scanned the crowd, and asked.

"Chairman Daxiong, I heard that the North Koreans are interested in buying our Mori Seiki Company, but you do not agree to the North Koreans' request for the acquisition, can you give us an explanation?" The old director, Qiao Mujing, asked.

Hideki Daxiong said expressionlessly: "Mr. Qiaomu, it's not that I don't agree, but that our government has given an injunction on this acquisition. Mori Seiki has some very cutting-edge technologies that can be used for military purposes. In order to prevent North Korea from possessing military technology sufficient to pose a threat to Japan, the government does not agree to our sale of Mori Seiki to the North Koreans. ”

Qiaomu looked at Daxiong Yingmu with a ridiculous expression and said, "Chairman Daxiong, what kind of weapons and technology do the North Koreans want that they can't get from China?" If I'm not mistaken, it was you who asked the government not to sell Mori Seiki to the North Koreans, otherwise the government would not have imposed this ban. ”

Eiki Daxiong nodded and said, "Mr. Qiaomu, you are right. When the government asked me for advice, I did state my point of view, and I said that Mori Seiki could not be sold to North Koreans. Because the space company that proposed to buy Mori Seiki did not have sufficient funds, and there was no related industry involved in the manufacture of high-precision machine tools, they were able to come up with enough money to buy Mori Seiki because the Germans stood behind them. Selling Mori Seiki to the North Koreans is tantamount to selling to Frank. I don't think Mr. Qiaoki wants to see our technology accumulated from generation to generation and be taken over by the enemy who killed us. ”

"I think this reason is just a matter of the chairman's personal self-esteem." Kishiki said disdainfully, "Mori Seiki lost to Frank of Germany under your management. You can't look for the cause from yourself, but you put the blame on the enemy. This is the act of a coward. You have to know that it doesn't matter who gets Mori Seiki in the end. As long as the North Koreans can come up with enough money, the interests of shareholders will be best protected. We were also able to get a better job of accommodating our workers than we do now. ”

What Qiao Mujing said is not unfounded. When he learned that Mori Seiki was likely to go bankrupt, Frank immediately made an offer to Mori Seiki to buy it. According to the conditions offered by Frank, the original shareholders of Mori Seiki will be able to get a better return, and at the same time, the production of Mori Seiki will also continue, and a number of jobs will be saved. However, the Tokyo government issued a notice prohibiting German companies from acquiring Mori Seiki, and Hideki Ohkuma appeared, and the intended acquisition was closed. Now it is possible that Frank will make a purchase of Mori Seiki through the North Koreans. It was once again destroyed by Hideki Daxiong, which made a group of major shareholders represented by Qiaomu very dissatisfied.

At present, both north and south Japan are in a state of economic stagnation, and there are no domestic companies willing to buy Mori Seiki, which makes it difficult for the original shareholders of Mori Seiki to be compensated. Regardless of whether the Germans are standing behind the Cosmos Company or not, Qiaomu only wants his money back now.

"Mr. Qiaomu, you are wrong." Hideki Ohkuma said, "I never thought that Mori Seiki was the cause of Mori Seiki's failure, but I always thought that Mori Seiki had come to this point. The responsibility lies with me...... And all of you. ”

Daxiong Yingmu first said that the responsibility was on his own day, and everyone was still indifferent, but after he took a breath, he pushed the responsibility to everyone here. The shareholders immediately quit. Director Tanaka first asked: "Chairman, why do you think that those of us should be responsible for the bankruptcy of the company? Isn't it because of your bad decisions? ”

"In the last few years. The shrinking investment in our company's R&D has led to a gradual narrowing of the technological gap between the Germans and us. This is the root cause of the company's bankruptcy. China already has more advanced host design, manufacturing and CNC systems, but the decision to reduce R&D investment is made by you, the chairman. Technical Director Oda also quickly pointed the finger at Hideki Okuma. Anyway, the company horse is going to go bankrupt. Daxiong Yingmu, the chairman, is now a tiger in Pingyang, and everyone is not afraid that he will be unhappy.

Several other directors also stood up and began to accuse Hideki Ohma. Hideki Okuma listened with a calm face and did not plead, until everyone finished speaking, and then he continued: "The failure of Mori Seiki Company stems from our pride. We have always believed that the Germans could not be our opponents. In addition to the high-performance CNC machine tools used in aerospace production and other aspects, we also have technical defects, Mori Seiki is not afraid of anyone in the field of high- and medium-end machine tools. So, we gave them the opportunity again and again, and that led to our ultimate defeat. In this process, did any of you foresee this outcome? "Five years ago, Mori Seiki was still prosperous, and three years ago, Mori Seiki was still ambitious. It can be expected that a trick failed, and in just one year, the market built by Mori Seiki for decades shrank comprehensively, and in another two years, the huge Mori Seiki went bankrupt.

The crowd looked at each other and said nothing, Eiki Uruma was right, before that, everyone really didn't take the Germans seriously. Japan is backed by the big tree of China, and many technologies are open to Japan without restrictions, as long as they are willing to pay money, so in addition to feeling that they are a head short in front of China, the Japanese feel that they have technological advantages over other countries, and they are rich and competitive. It was this arrogant mentality that caused Mori Seiki to miss many opportunities.

Hideki Okuma laughed self-deprecatingly and said, "As early as five years ago, when Neon Electronics was facing the competitive threat of General Electric of the United States, Mr. Mitsui, the chairman of Neon Electronics, asked us for help. But at that time, we were not aware of the ambitions of the United States at all, we did not realize the ambitions of the Europeans, we only saw GM as a customer, a customer that could bring us huge profits, so we used the equipment we produced, to help GM defeat Neon Electronics, which was the beginning of our whole mistake. ”

"Can't blame us for this?" Director Qiaomu said sneeringly.

"It was our arrogance, our selfishness, that caused the death of Mori Seiki. Everyone here must have cursed Pudong, right? Do you think this is a reincarnation, is it that we have no retribution for reaching out to Neon Electronics?

Chairman Mitsui must have cursed Mori Seiki at that time, just as we cursed Pudong today. ”

"I think Pudong Semiconductor will regret it." Technical Director Oda said through gritted teeth.

"Yes, sooner or later they will regret it." Hideki Ohuma nodded and said, "The Germans, no, are Europeans, they are the entire white race, and their ambitions cannot be filled. They are not going to stop at the current state, what they want to do is to squeeze our industries one by one, not only Japan, but also China, and eventually let their companies and their products dominate the whole world. ”

"They want to economically regain the world they lost forty-five years ago."

"Chairman Da Xiong, I think you're thinking too much." The atmosphere in the conference room stiffened for a while, and Qiao Mu broke the calm, "The huge China is not something that Europeans can provoke at all. They lost Black Africa ten years ago, and only five years ago did they completely get rid of the war in Black Africa. Now that all their strength is fighting against the coalition of poor parties, and now their control over North Africa is declining year by year, how can such strength arrogantly challenge China? Even financially. ”

"It's all your own delusion. As a chairman, you should be responsible for the interests of your shareholders, not for world events. What you are doing now is against the interests of the shareholders, and I will sue you in court on behalf of the shareholders. (To be continued.) )