Rebirth of the Strongest Tycoon

The latest website: Nippon Steel is one of the core pillars of the Mitsui Consortium, and because of the special properties of steel, this company can be said to be extremely important.

The size of a company is actually a reflection of its overall strength, which includes the level of technology.

The current pattern of the steel industry in the island country is a pattern of one superpower and many strong ones.

One super is Nippon Steel, arrogant.

There are many large steel companies such as Island Steel, Sumitomo Metal Industries, Kawasaki Steel, Kobe Steel, etc. These companies are all at the same level, with a turnover of 1 trillion yen to 15,000. billion yen.

But compared with Nippon Steel, which has a turnover of more than 3 trillion yen, it is not as much as half of it.

This time, it was the Mitsui Consortium that caused trouble for Xia Yu's acquisition plan.

If there is no Mitsui Securities Company, with the shareholding ratio of the Torii family, according to the original plan of Jiuding Securities Company, it would be easy to win it, and the cost would not be very high.

The funds spent now are enough to buy more than double the equity now!

On the Tiangong Automobile Group, it is also a company headed by the Toyota Motor Group under the Mitsui Consortium to take the lead in the blockade, and it is Nippon Steel who took the lead.

Therefore, this time, the contradiction is directly aimed at Nippon Steel, and it is definitely not wronged!

It's just the Mitsui Consortium, although the overall strength is stronger than Xia Yu.

But in a fight with it, Xia Yu didn't hesitate at all!

...

However, sniping at Nippon Steel, in addition to playing the role of concealing the Mingxiu plank road, one of the real purposes is to extort money.

Therefore, for the sake of his own layout in the steel field, Xia Yu prepared to darken Chencang, and the other three goals were really screened out.

Tokyo Steel, Sanyo Special Steel and Nisshin Steel!

Tokyo Steel Corporation, a company established in 1924 and headquartered in Tokyo.

As of last year,

Tokyo Steel has 4,722 employees and produces 2.04 million tons of crude steel, accounting for 2.02% of the island nation's total crude steel output. The company's sales are 189.33 billion yen and its net profit is 2.63 billion yen.

This is a relatively independent steel company and has not joined any of the six major consortiums. Because of the many mergers and acquisitions in history, there are many factions of shareholders in Tokyo Steel. In addition, the government has failed to control over the past two decades. As a result, the island country has serious excess steel production capacity, so the competition is very fierce.

Any of the six major consortiums have excess production capacity and great sales pressure. Therefore, Tokyo Steel, which was proud to remain independent before, even if it wants to be merged into the six major consortiums, none of the consortiums can take it seriously. .

Without the background of the six major consortiums, and without a strong general trading company to help with sales, Tokyo Steel Company's operation is difficult, which can be seen from the net profit margin of only 1.39%.

At present, the total assets of Tokyo Steel Corporation are 240.91 billion yen, its liabilities are 179.4 billion yen, its net assets are 61.51 billion yen, and its debt ratio is 74.47%. The company has been listed, but its market value is less than 60 billion yen. 52.36 billion yen, with a price-earnings ratio of 19.9 times.

This price-earnings ratio is very high in the capital market where the price-earnings ratio of island countries is generally only a dozen times.

Logically, the steel industry is now a depressed industry, and it is very abnormal to have such a high price-earnings ratio.

However, if you look closely, you can find that the reason why it still has such a high price-earnings ratio is due to the net assets of Tokyo Steel Corporation, which is now higher than its market value.

However, the net worth is very important and not important. The key depends on the mentality of the investor.

For a big consortium, there is no need to buy a company with such a low profit margin if you have money. You can’t win even if you run the bank’s interest rate. In fact, buying it is a loss. Even if you don’t lose the assets of Tokyo Steel, you will lose yourself. Assets, so it is a tasteless or burden.

For ordinary investors, such a low profit margin is still such a depressed industry, with small dividends and low upside potential, and there is no need to buy it.

So it is only natural that the market value of Tokyo Steel is so low.

The second one, Sanyo Special Steel Co., Ltd., was established in 1935. This is a specialized enterprise producing special steel. Its headquarters is located in Himeji City, southwest of Hyogo Prefecture, the island country. It was founded in November 1933. In 1935, Sanyo Steel Co., Ltd. was established and began to produce bearing steel. In 1959, the name was changed to Sanyo Special Steel Co., Ltd.

The steel mill mainly produces special steel bars, wires, pipes and semi-finished products.

It is further divided into details, involving steel for bearings, steel for tools and molds, steel for auto parts, transportation machinery, construction machinery, petrochemical equipment, thermal power generation, electrical machinery and other fields. In addition, it also produces super alloys for corrosion and heat resistance, metal powder, metal powder metallurgy products, composite materials and magnetic materials.

Because it belongs to a more technical field in the steel industry, although the revenue of Sanyo Special Steel Company is not as good as that of Tokyo Steel Company, it is only 67.39 billion yen, less than half of it, but its net profit is 2.75 billion yen. , the profit margin has reached 4.1%, which is already considered to be the highest in the entire steel industry in the island country.

In terms of company assets, the total assets are 99.49 billion yen, the liabilities are 62.29 billion yen, the net assets are 37.2 billion yen, and the debt ratio is 62.6%. The debt ratio is also much better than Tokyo Steel Corporation.

The market value is 40.74 billion yen, and the price-earnings ratio is 14.8 times.

This price-earnings ratio is the price-earnings ratio of an excellent steel industry company, which is in line with the characteristics of a depressed industry.

The last one, Nissin Steel, was formed in 1959 by the merger of Shimano Steel and Nichia, with its headquarters in New International Building, No. 4-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo.

As of 1982, the company had 5,212 employees, and the crude steel output was 2.45 million tons, accounting for 2.42% of the island country's crude steel output of 101 million tons (the second largest in the world) that year. The company's sales were 226.82 billion yen and net profit was 56.7 100 million yen, with a profit margin of 2.5%.

In terms of assets, Nisshin Steel is the largest of the three, with total assets of 293.88 billion yen, liabilities of 200.99 billion yen, net assets of 92.89 billion yen, and a debt ratio of 68.4%.

Nissin Steel was listed in 1972, and its current market value is 86.22 billion yen, with a price-earnings ratio of about 15.2 times.

The reason why Nisshin Steel has a lower profit margin and a higher price-earnings ratio than Sanyang Special Steel is that it is a subsidiary of Nippon Steel. Nippon Steel holds a 13.5% stake in it. The steel can be sold abroad through Mitsui \u0026 Co., and for investors, the investment risk is smaller.

Of the three companies that Xia Yu is staring at, the first two are relatively independent steel companies, not backed by large consortiums, and the only Nisshin Steel Company that is backed by Nippon Steel, Nippon Steel's shareholding ratio is not high. With a proper raid, it is very possible to take it from Nippon Steel.

Among the three, Nissin Steel and Tokyo Steel are the most downstream producers of crude steel. Together, the total output can reach 4.5 million tons, accounting for 4.42% of the total output of the island country!

If it can be won, although it is still not as good as the crude steel output of the steel giants controlled by the six major consortia, it can become the strongest outside the six major consortia.

As for Shanyang Special Steel Company, Xia Yu values ​​its technical strength and abundant products. Most of the products can serve his consortium and can be digested internally. The most important thing is that they can greatly improve Solve the problems encountered by Tiangong Automobile Group.

Bearing steel, tool steel, auto parts steel, etc. are all what Tiangong Automobile Group needs now!

...

Just when Xia Yu deployed and planned these three steel companies.

Jiuding Securities Company's disclosure of its shareholding in Suntory on the stock exchange has attracted great attention and heated discussions.

Immediately after, the outside world speculated about the intention of Jiuding Securities to disclose its equity.

As the president of Jiuding Securities Company, Matsumoto Yu, in an interview with reporters, clearly announced his determination and attitude towards Suntory's will to win, and claimed that he would invest another 100 billion yen for equity acquisition!

Then he said domineeringly, any competitor with malicious intentions will end in failure, it is recommended that they stop their losses as soon as possible, so as not to regret it in time!

As soon as the news came out, Suntory's stock price started to skyrocket.

When Haneda Yohei wanted to mock Matsumoto Yu at Mitsui Securities Co., Torii family side, Torii Keizo was frightened.

But he was unwilling to give up now, and repeatedly ordered the acquisition team to increase their chips and strive to win as much equity as possible.

And this time.

Wells Fargo Bank, who had a friendly cooperation once, was very understanding and took the initiative to come to the door.

"Tori-kun, our bank is very strong. I heard that you need a lot of money recently. We are willing to help you!"

In the living room of the Torii family, Maruyama Jun, President of Wells Fargo Bank, looked at Torii Keizo with a smile and said.

Torii Keizo's hand holding the teacup had blue veins bursting out, and his heart struggled violently...