Riyu's Back File 2011

### Chapter Thirty-Four Chapter Jiaochuan Group's digging ###

After three rounds of drinking and playing several rounds of games with the young ladies in the Yixin Club, Miyazaki finally got a little drunk and planned to end the entertainment.Said to Tamura Tamura grinningly, "Tamura-san came to me today. I don’t know if there is any advice besides drinking? If not, it’s getting late and I plan to go home. I will invite Tamura-san next time. , My treat."

Miyazaki Aosuke will not easily express his stance on Kadokawa's job-hopping, although it is beneficial to him. If he releases a new book, the strength of the Kadokawa Group will naturally better help him increase sales and influence.But at this time it was Kadokawa who was digging people, so he was naturally favored.

"Hey, it was not me who was going to talk to Miyazaki-san, it was the editor of the publishing department. But I didn't expect Miyazaki-san to be able to occupy a high position at a young age, naturally, everything he prepared before was useless." Tamura Yu sipped. The half of the cup left after you dropped it, with the flush of drunkenness on your face, and you looked drunk, but with shrewd eyes flashing in your eyes, he smiled and said to Miyazaki Aosuke, "In that case, Let me be straightforward. Kadokawa Group wants to take over the release of Miyazaki-san's new works. I think Miyazaki-san should also understand the strength of Literary Spring and Autumn Publishing House. Naturally, it is not worthy of such a masterpiece as "Spark". If it were our Kadokawa When the group came to issue, the sales volume had exceeded 2 million long ago. How can it be sold for 1.5 million just like now."

"Kadokawa not only has large chain bookstores like Kadokawa Bookstore, but we also have distribution networks in Korea, China, Taiwan, Hong Kong, and even Southeast Asia. I believe that with Miyazaki-san's strength, your works will naturally be available in these places. The harvest is not bad." Matura Tamura did not evade, and directly stated the biggest advantage of Kadokawa Group.As RB's top publishing group, Kadokawa Group not only has a huge distribution network in RB, but also has good distribution capabilities overseas.For example, Taiwan International Kadokawa Bookstore Co., Ltd. (Taiwan Kadokawa Bookstore) is a subsidiary of RB Kadokawa Group in Taiwan.The company is also the first foreign publishing house to apply for establishment in Taiwan.Last year, Hong Kong's Kadokawa Group China Co., Ltd. also began to enter the mainland market, and set up a joint venture with Zhongnan Publishing and Media Group to explore the domestic market.

Compared with the Literature and Art Spring and Autumn Publishing House, not only is it currently being beaten by the four major publishing houses in China, but also the authors cultivated by oneself cannot be kept. The department of overseas publishing is even more blank. It can only wait for foreign publishers to find the door, and then cooperate with The other party signs an agency contract to hand over the distribution rights to the other party. As for the other party's strength, that is not an issue that Literary Spring and Autumn Publishing House is concerned about. Something is better than nothing. No matter how small a mosquito is, it is a piece of meat.

"In addition, I heard that the adaptation of "Spark" was written by Miyazaki-san. Since you are interested in film and television adaptation, you should choose our Kadokawa Group. Our Kadokawa Group is engaged in film and television adaptation, manga adaptation, etc. We have rich experience in all aspects, and have a good relationship with major TV stations. If you are interested in continuing to take charge of your subsequent works, our Kadokawa Group will definitely be able to help you." Tamura Matsuri has all the cards in his hand. After the fight, he came out, but saw Miyazaki Cangsuke a little cold.Even the girls who accompany the wine were infected by Miyazaki Sosuke's expression, afraid to speak, and waited quietly.

After waiting for a while, Miyazaki Sosuke said calmly, "Tamura-san's sincerity really impressed me. But, in that case, why don't I choose the best Hitotsubashi group?" Said Miyazaki Sosuke Hitotsubashi The group is RB's largest publishing group, and its affiliates Xiaoxiaoguan, Shuyingsha, and Baiquansha are all famous publishing houses.The strength is also better than the Kadokawa Group.

"Hehe, I thought it was something. The Hitotsubashi Group is indeed better than our Kadokawa, but the three monks have no water to eat. The biggest problem of the Hitotsubashi Group is that the internal competition is too fierce. I don’t say Miyazaki-san should also know the story of Shiraisen Club and Shogakukan." Tamura Miyachi’s words drew a little sister’s repeated nodding of her promise. The story of Shueisha and Shiraisen Club’s split from Shogakukan is basically for the general public. The level of the story meeting, many ordinary people have heard of the love and hatred of these three.

"In addition, our Kadokawa Group is still a listed company. This is an unfortunate condition for other authors. On the contrary, it highlights the suitability of our Kadokawa Group and Miyazaki-san, doesn't it?" Tamura also mentioned one of the biggest Kadokawa Group is the only listed company of the four major publishing groups.Although he didn't finish all his words, Miyazaki Sosuke naturally understood what the other party was referring to.

In the 21st century, with the rapid development of the Internet, the publishing industry is already a sunset industry.Although unlike domestic publishers who are already on the verge of bankruptcy, the entire industry is almost completely replaced by new media and the Internet.RB publishers rely on the RB social type worship and high reading rate, and they can still survive.

But in RB, the publishing industry, as a sunset industry, naturally has its particularity, that is, it is an industry that does not open for three years, and it takes three years to open.The authors excavated by the publishers may be the first ninety-nine out of stock, but as long as one of the best-selling authors such as Keigo Higashino and Sosuke Miyazaki can be dug up in the hundredth, rely on this one. , Publishers can eat everything from physical book sales to copyright development.This point has many similarities with the authors of the starting point. As long as a platinum author can be signed by Guangshawang, from the sale of the work to the adaptation of the film and television copyright, it can also be a good deal.

However, as a listed company, Kadokawa Group has stock price pressure.He is not an Internet company to tell the story. As a traditional entity publishing industry, if the quarterly reports released by Kadokawa Group on a regular basis show insufficient profits, its stock price will naturally fall.Therefore, its management will inevitably do some short-sighted things for the sake of stock price and profit, such as reducing expenditure, reducing costs, reducing resource input for newcomers, increasing sources of income, only digging for famous authors, but increasing competition within the group.Therefore, the Kadokawa Group's recent publishing business has been shrinking, and it has begun to transform into a copyright agency and derivative development company.Even in 2020, the department that achieved both scale and profit growth under the Kadokawa Group is actually the animation production department. The physical publishing industry is not as good as the animation industry. It can only be said that the Heisei otaku have begun to gradually support the backbone of society.However, a lean camel is bigger than a horse. Kadokawa Group's existence of Kadokawa Bookstore alone is enough to have a large foothold in the publishing industry.It is only because the profit in this area is too low, or even at a loss, that the Kadokawa Group will reduce its investment in this sector.

Speaking of this, you may ask, whether this is for new authors like Miyazaki Sosuke, whether it is to reduce the investment of resources for newcomers or to dig out famous authors to increase competition, it is completely disadvantageous. Why do you say that it is beneficial to him? ?

Don't worry, don't forget the identity of Miyazaki Sosuke's other subordinate.As a senior member of the Goldman Sachs Group, Miyazaki Sosuke's influence on the stock market is naturally different.It can be said that as long as Miyazaki is willing, he can completely instruct the interns in the group to write an analysis report touting the Kadokawa Group and publish it. With the reputation of Goldman Sachs, many investors in the market will buy it and drive up the Kadokawa Group. share price.Don't be surprised. Whether it is a consulting company or an investment bank, many of the analysis reports that you see open to the outside world are written by interns, and interns are so hard pressed.

What's more, the senior executives of Kadokawa Group are naturally willing to deal with the senior executives of Goldman Sachs by leaning resources to Miyazaki Sosuke. In the future, Kadokawa Group will have the help of such a person, whether it is going public, issuing bonds, financing transactions, or mergers and acquisitions. Can reduce a lot of unnecessary trouble.

"My second book is called "Eternal Sleep", and I adapted it based on the case of my father. Even so, will the Kadokawa Group publish it?" Miyazaki Sosuke's words shocked Tamura Tamura first. He was persuaded to successfully fall into the arms of the Kadokawa Group, but after careful consideration of Miyazaki's last sentence, his face changed.

The news revealed in Miyazaki Sosuke’s words had to be taken seriously by Tamura Tamura. The case of Miyazaki Sosuke’s father, Yuichiro Miyazaki, was closed in just two weeks, with a loss of 20 billion including the Metropolitan Police Department and the Central Bank of Tokyo. Many parties inside actually ended the investigation so quietly.The tricky part of it makes people able to conceive a wonderful drama with their ass.Although I don't know how Miyazaki Sosuke's new book adapts this story, there is no doubt that it will definitely involve the inside story of this big case, attracting malicious people behind the scenes.If the Kadokawa Group publishes this book, it will naturally arouse antagonism among these people.Can suppress the Metropolitan Police Department and the Tokyo Central Bank quietly ending the investigation, Kadokawa Group for a Miyazaki Sosuke, is it really worth it?Tamura could not help thinking.

"If like Miyazaki-san said, this matter is not for me to decide. I must go back to report to the board of directors. I'm sorry, we will reply to Miyazaki-san as soon as possible." Tamura Matsuri floated his hands on his lap, right. Miyazaki Sosuke solemnly poured down.A man in his fifties acted like a young man in his early twenties, attracting the attention of the girls on the side.

The young people who appeared in the Yixin Club in the past are often newcomers who have just entered the workplace. Only when they help their boss to accompany the wine can they enter the door of the Yixin Club and see the extravagant life of the big capitalists.

The customers are not without the rich second generation and official second generation, but it is just pure entertainment for these people.It is rare to see young people who can make a big man such as the director of the Kadokawa Group Tamura treat so seriously.

From previous conversations, I also heard that the author of "Spark", who received the Akutagawa award, was also the author of the recent fire. These Vanity Fair folks can't help but think about it. If they can catch this golden tortoise, wouldn't it be a step beyond the sky?So the two or three people on the small sofa even leaned their bodies towards Miyazaki Sosuke's side.

### thirty-fifth chapter trouble###

"Hill, do you think I need to buy a new house." On the way back, Miyazaki Sosuke and Hill were chatting in the back row of Bentley, suddenly thinking how comfortable they are now except Rogimoto. It was built in one house, and there was no property under his name. Even now, he runs to Nozomi Sasaki's apartment every day.

"I don't feel like there is a place to be my own. It is always inconvenient to bend." Miyazaki sighed himself very much. Just like tonight, the three young ladies at the same table were very happy to leave with him. One even asked directly, "Miyazaki-san, do you want to have another place in another place." This kind of obvious hint.But I can't take people to Sasaki Nozomi's house, and the hotel is not very convenient. Rogimoto's Jianjian is ready to sell it. It was originally a place for temporary shelter, and the residence is not very comfortable.

The escort lady in Ginza will not be introduced. If you want to take away people, they can only voluntarily.Of course, the meaning of another game is not necessarily to do that kind of thing. Sometimes there are some things and things between customers that are inconvenient to say in the club, so they change to some more secret places and want to find two empathetic Miss Sisters are accompany guests. At this time, as long as Miss Sister and Mum Sang agree, the young ladies are also willing to go to a hole and make some extra money.

As for the first time Miyazaki Cangsuke came to meet such an active invitation, it can only be said that the people who can work hard in Ginza are human beings. The accompany women who survive in Ginza will only find a big backer to invest in themselves in the future. Transformation mother Sang opens a new club, or retires when she is old and degenerate, and finds an honest person to marry.In the eyes of this group of young ladies, people like Miyazaki Cangsuke looked like a big boss. Wouldn't it be more joyful to be happy to vote for a club of several hundred million.

"If the boss wants to buy a property, I can help you pay attention to it. Are there any conditions?" Hill didn't care. The two things that men want to do when they have money are not to change houses and cars.Now that there is a Bentley rationed by Goldman Sachs, the car is naturally not enough, so for Miyazaki Sosuke, changing the house has naturally become a big deal.

"Well, help me choose a high-rise apartment in the Minato area. It’s a little closer to the company and it’s convenient for me to commute." Miyazaki Sosuke had long wanted to move out of Nozomi Sasaki’s house, even though Nozomi Sasaki’s house is in Ebisu. It’s not far from the port area, I have a car, and the two live together very well. Sasaki Nozomi is also very gentle, but it is always not good for a successful man to live in a woman’s house.It is entirely possible to let Sasaki Nozomi move in after buying a property in Minato, if he still had this idea at that time.

At ten o'clock the next morning, as soon as Miyazaki Sosuke walked into the Goldman Sachs office in Minato, Hill walked in with stiletto heels and lightly knocked on the door.

"What's the matter?" Miyazaki Aosuke just put down the briefcase in his hand.Although Goldman Sachs did not arrange the project for him, he is not nothing to do.Peter Johnson has assigned him to the short-selling team against Nomura Securities. Even if he pretends, he must do it. Now he is looking at some preliminary documents, including Nomura Securities' affiliates and related financial reports."By the way, pour me a cup of coffee."

Before Hill spoke, he heard Miyazaki Aosuke’s instructions without lifting his head. He rolled his eyes, turned and went to the pantry in the corner, poured a cup of coffee for Miyazaki Aosuke, and returned to Miyazaki Ao. In his office.

"Boss, haven't you read today's newspaper? It's all your headlines. The office has been discussing you now." Hill put the coffee on Miyazaki Sosuke's table, and by the way several newspapers that had just been released this morning. Also placed in front of him together.

After taking a glance at the last statistic, Miyazaki Cangsuke turned his head and glanced at Hill, took a sip of coffee, his eyes drifted across the newspaper, but he didn't mean to open it.You can think of it with your ass. Today's newspaper headlines will definitely be your own. As for how the story is compiled, can you still manage the reporters who always want to make big news?Naturally, the eyes are not seen and the heart is not upset.

"It's spread all over the office, and the newspaper has read all your resumes from childhood to adulthood. Except for not knowing why you got into Goldman Sachs, your story will soon be spread by the newspapers throughout Tokyo. As for the office, they are all in It’s rumored that you were able to join Goldman Sachs because you were favored in the stock index trading some time ago and specially recruited Goldman Sachs.” Hill didn’t care about Miyazaki’s indifference, and talked to the other party about what I heard today. Of various gossips.

Hill is not very clear about why Miyazaki Sosuke can enter Goldman Sachs.At the beginning, Miyazaki Cangsuke directly contacted Peter Johnson and gave the plan directly to the old man. There was no other person in the middle. First, it was the need for confidentiality, and second, he was worried that the plan would be leaked out and he would provoke revenge.

"If you are okay, here are the information of all the affiliated companies of Nomura Securities. Leave it for a perspective. I will give it to me before I get off work at 4pm." Miyazaki Cangsuke is not interested in these gossip news, especially the protagonist of the gossip is himself .So I sorted out the information on the table, threw it into Hill's arms and said, making Hill annoyed, glared at him and hurriedly left, and went back to work.

But after Hill left, Miyazaki Sosuke slowly took the newspapers and looked at how these media would make up stories, but in the end he saw all the bragging speeches, why Mr. Tou won Akutagawa. The new star in the literary world is actually a title such as investment genius, which makes him complacent and a little embarrassed.Finally, he simply threw the newspaper into the trash can and began to study the materials of RB Airlines.

As mentioned earlier, Goldman Sachs tried to short Nomura Securities and gave two orders to the Tokyo branch to purchase shares in UBS. Peter Johnson would naturally negotiate with the upper management, without Miyazaki Aosuke's concerns.On the other hand, trying to sell the shares of RB Airlines in his hand to Nomura Securities, consuming the cash flow of the other side, Peter Johnson handed it over to Miyazaki Sosuke, as a test for him, and his current The main work.

The question of how to sell shares of RB Airlines to Nomura Securities has troubled Miyazaki Cangsuke for several days.To clarify the stories of RB Aviation, Nomura Securities, and SVB Investment Bank, we have to go back to the financial crisis.

As a medium-sized investment company under Goldman Sachs, SVB also suffered a lot of losses during the financial crisis.From 2007 to 2008, the performance has been poor and the loss is very serious.However, Peter Johnson, as the senior partner and executive director of Goldman Sachs Group, under his operation, Goldman Sachs Group continued to inject 4 billion yuan into SVB to ease SVB’s financial dilemma. Peter Johnson also hopes to boost investor interest through Goldman Sachs Group’s capital injection. The confidence of SVB investment company.

But it is a pity that the financial crisis has already dealt a severe blow to the market. Lehman Brothers has just gone bankrupt, and Goldman Sachs’ appeal to the market has dropped significantly amidst the ups and downs. After all, the market does not know whether the next company that goes bankrupt will be Goldman Sachs. group.

### Chapter thirty-six chapter gaming###

Peter Johnson, a man who has been on Wall Street for decades, saw that the company’s stock price was still sluggish after Goldman Sachs Group’s capital injection. With 4 billion in cash in his hand, he decided to take a gamble. He did not choose what he was good at. The short-term speculative project used huge capital and strength to swallow weak opponents to strengthen itself. Instead, it made a large-scale venture investment project. SVB Investment Company chose to invest up to 3 billion US dollars in the trough RB Aviation Group Financing in exchange for nearly 15% of the company’s shares.

At that time, RB Airlines, as the largest airline in RB and even in Asia, suffered a rapid increase in operating costs due to fluctuations in international oil prices, leading to operational difficulties.During the financial crisis, RB Airlines owned a total of 276 passenger aircraft, including 37 double-decker large passenger aircraft such as the oil-swallowing monster Boeing 747-400, which were specifically used to fly international routes.

Such a large passenger plane group naturally determines that the monthly fuel consumption cost of RB Airlines is a very alarming figure. In order to ensure the normal operation of the company, RB Airlines is also the policy and regulations of the RB government on airlines. JAL Group has always All have to prepare eight months of fuel reserves in advance to ensure the normal operation of the route.

Preparing fuel reserves for several months in advance is actually similar to the trading method in the futures market, except that it is different from futures trading. Futures trading can not only buy, but also sell, and airline fuel reserves, once bought , It cannot be sold.

As recently as May 2008, international oil prices rose for a while due to production cuts in the main oil-producing countries in the Middle East. Global market analysis of oil prices was all bullish, and it was agreed that international oil prices would continue to rise in the future.

As a result, RB Airlines executives, who had listened to the mainstream judgment of the market, jumped into this big pit decisively. In order to reserve more fuel at low prices and reduce future operating costs, RB Airlines decided to purchase a large amount at the current price. Fuel reserves, and reveal a lot of cash flow for this.However, what RB Airlines never expected was that shortly after they took the shot, the international oil price fell all the way, the decline was even more astonishing than the increase in the previous period, and it soon entered the low price.

The magic operation of RB Airlines not only caused the company's cash flow reserves to drop to a dangerously low level, but also caused the company to suffer huge losses, reaching tens of billions of dollars. It is necessary to know that RB Airlines’ annual profit is only two thousand. 100 million yen, this time lost more than four years of profits.So that the entire company collapsed instantly, and the stock price plummeted by more than 40% for several months.

After analysis by Peter Johnson and SVB's senior management, it is believed that the international oil price has fallen so severely without clear major bad news, it is definitely abnormal and will definitely be called back after a while.

Moreover, RB Airlines’ dilemma is only due to the lack of liquidity that causes the company’s operational difficulties. The company’s operations do not have too many problems, and the market share is still there. As long as enough funds are invested, when the international oil price is adjusted, RB Airlines The company will be able to come back to life, and this transaction will also bring enough profits to SVB.

So the SVB executives, like the executives of RB Airlines, came to the show, injecting 3 billion cash in exchange for approximately 15% of the shares of RB Airlines.I think everyone has also guessed that the reason why it is said to be a show operation is that Peter Johnson and SVB's senior management obviously underestimated the problems of RB Airlines.

In fact, RB Airlines has long been no longer the dominant AirAsia in the past, and the company has suffered from top to bottom.The failure of speculation on international oil prices was only the last nail that overwhelmed this broken ship.In the past, RB Airlines did not have any major problems, only because the ship was too big and its anti-risk ability was large enough, and also because the problems that broke out were not large enough, it would naturally not sink the broken ship of RB Airlines.

But now, facing a huge loss of nearly tens of billions of dollars, the broken ship of RB Airlines finally could not hold it, and it was on the verge of collapse in a flash.

First of all, the main problem facing RB Airlines is the shrinking market. With the rapid economic growth of RB in the 1980s and 1990s, JAL has also entered a period of rapid development, and its capacity and route network have increased sharply.However, with the fluctuation of the world economy and the bursting of the RB bubble economy, JAL has obviously been unable to adapt to the continuous shrinking market demand after the scale expansion.

JAL has always been proud of the "big and complete" routes and coverage, ignoring trade-offs and optimizations, and is unwilling to give up many unprofitable routes.Therefore, a large number of tasteless routes and excess capacity have dragged JAL into the quagmire of gradual losses.For example, the 37 Boeing 747-400 fuel-swallowing monsters introduced by JAL in 1990. When they were delivered to use, the RB economic bubble had collapsed. These large passenger planes often had less than half of the ride rate, and because of excessive fuel consumption, they became a huge one. The burden.

Secondly, more than 70% of RB Airlines' routes are international routes, of which North American routes are the main ones.Affected by the September 11 incident in the United States, the U.S. government has implemented a strict immigration review system for RB passengers, which has greatly reduced the number of passengers willing to take Japan-U.S. flights. As a result, more than a dozen Japan-U.S. routes operated by JAL have continued to lose money for many years.After 2008, JAL’s income was greatly reduced due to the impact of the financial crisis, making it more difficult to operate.

Finally, and most importantly, although RB Airlines is a listed company, because its management has long relied on the government to pay for the bill, it has turned a blind eye to the ills of its own system.During the financial crisis in 1998, the September 11 incident, and SARS, JAL was on the verge of bankruptcy several times, but in the end it was through the difficulties with the public funds provided by the RB government.Over the years, JAL’s substantial system reforms and cost reductions have been delayed. In return, JAL has also become a policy tool for the government to stimulate employment. It has to add and retain a large number of loss-making routes in the blindly built airports in RB. It is to cater to the "needs of all parties," which leads to heavier and heavier burdens.

However, as the head of an American investment company, Peter Johnson does not fully understand the many problems that exist in the JAL Group.The senior executives of the SVB Group headed by him just blindly used the JAL Group’s past development experience as a reference, and believed that as long as the JAL Group injected funds into the JAL Group like the previous RB government, the JAL Group would be able to weather the crisis.