When it comes to Japan's Itochu Corporation, which has risen rapidly in recent years and has successfully entered the top ten companies in the world's top 500 companies this year, many people will definitely think that this name is unfamiliar. It is currently the largest multinational trading company in the world with a turnover of more than 100 billion US dollars.

After more than 140 years of development, it has become a large comprehensive trading company with about 145 strongholds in more than 60 countries and regions around the world. Its business covers hundreds of fields including fiber, machinery, information and communication, avionics, metals, energy, daily necessities, chemicals, finance, real estate, insurance, logistics, etc. Its strength is absolutely not weak, and it can often hear its name in trade activities. Han Xuan is not unfamiliar with this company.

Japan is a small country. It has been bullied by neighboring countries throughout history. For a long time, it has been admiring and learning about Chinese culture. Coupled with the special political environment, it has strangely developed a social atmosphere of extreme worship of the strong.

At this moment, Mr. Fujiwara Masaichi was staring at Han Xuan with a very strange look. The reason why he admired him was naturally because the world's top 500 companies ranked first, and the second companies were Xueshan Group and Sos Group.

The most powerful Mitsui Group in Japan can only rank fifth, from fifth to seventh, all of which are Japanese companies, including Mitsui, Itochu, Mitsubishi and Toyota. American companies occupy five companies. In addition to Snow Mountain Group and Sos Group, General Motors ranked third, Chrysler Group ranked fourth, Ford and General Electric ranked eighth and ninth. Affected by Sos Group seizing a large market share, Walmart can only rank thirteenth in scale.

This is the 1998 list, and it has not been completed this year, so the latest list will not be released until the statistics are completed in January next year. According to the current situation, the position of the first and second places will not change. Among the top 500 companies in the world, there are five seats in the automobile industry in total. This is enough to show the importance of the automobile industry. The title of "one of the three major industries in the United States" is not a false reputation.

Benefiting from the booming automobile consumer market, General Motors should be able to maintain its third position this year. It is precisely because of the huge market that has been around the automobile industry for more than ten years that Han Xuan started to enter the automobile manufacturing market in 1994.

Among the top 20 companies in the world, the automotive field occupies half of the total seats. Snow Mountain Group successfully occupied the first place because of industries such as Blueberry Group, Starbucks, Han’s Automobile Company, etc., with a turnover of more than 560 billion US dollars last year, it was about twice the turnover of Sos Group, the second-placed.

This is just a turnover, not a pure profit. The sos group's net profit barely remains at about 10%, while Han Xuan's Snow Mountain Group can reach 12%. That is to say, last year, the Snow Mountain Group recorded an amount of more than 60 billion US dollars, which is actually more than this number. Some of its wealth was quietly transferred by him.

At present, the profits of electronic products in this era can be said to be a failure if they are less than 40%. The products of Han’s Automobile Group are sold at a price higher than those of other automobile companies. In addition, the maintenance business of the 4S store can also bring a lot of profits.

Don’t think that repairing cars, computers and mobile phones is not profitable. This part alone can bring about more than 7 billion US dollars in revenue to Xueshan Group this year, which has helped a lot with the old-for-new business. There is an unknown secret to making money in this business...

Mr. Masaichi Fujiwara told Han Xuan in Japanese: "You are right, but not completely right, because our president, Mr. Uichiro Niha, decided to sell 10% of the shares of Time Warner Group to you, and another 113% will continue to be held by us Itochu, but the voting rights of that part of the shares will be transferred to you.

After all, when doing business now, you must handle the media well. Time Warner Group's shares are one of the amulets of our Itochu Commercial Co., Ltd. in the United States. I believe you can understand the difficulties of our company.

In addition, our president Uichiro Ninoha is unwilling to accept such high losses. He insists that you have a way to make the lost market value of Time Warner Group rise again, even higher than before.

He asked me to tell you that our Itochu and Sos Group have been working together for more than 20 years and will always be your friends. Both parties can cooperate in many fields in the future."

Han Xuan actually wanted to buy all the shares of Time Warner Group they held, but these business people are not fools. Many major shareholders, like their president Mr. Uichiro Nishiba, chose to sell part of the shares to make up for the losses and continue to hold part of the wait-and-see market. Anyway, the market value of Time Warner Group is about to fall to the end, so they don’t mind taking some time to bet.

After thinking briefly, I found that after getting the 10% stake, plus the original shares and 11.4% of the company's decision-making and voting rights, I was able to say more than 30% of the words at Time Warner Group. In addition, the part of the people who were originally turning to him and about to turn to him can almost speak out in this company and truly gain control of Time Warner Group.

I was very sure that it must be the US Democratic Party that compromised, otherwise the time for Itochu Commercial Co., Ltd. to change its position would be too accurate. Han Xuan asked tentatively: "I think you can discuss it again. You can leave 10%, which is not much different from me.

In addition, President Uichiro Niba? I remember that the name of your Itochu was named Ryuzo Sejima, right? I once met him.

I know clearly the friendship between Sos Group and Itochu Commercial Co., Ltd., now 7-eleven and Sos convenience stores, familymart, aren’t they just working with your company to start business in Japan?”

"Whether you get 10% or we get 10%, these are all trivial matters. I can make a decision now, and you get 11.4%!"

Mr. Masaichi Fujiwara said with a smile. He had just tried Han Xuan in his words and found that Han Xuan had not denied that he could bring Time Warner Group back to life. He finally let go of a stone in his heart, so their company would not lose too much.

Continuing to answer: "Since 1997, our company has introduced the CEO system. The rapid development of the past two years is actually mostly attributed to Mr. Uichiro Nishiba's wise decisions.

After the president took office, he carried out drastic reforms to our Itochu Business, which was founded in 1858 and has a history of more than 100 years.

It was ordered that all the dead and bad debts on the books be cleared, with an amount of up to 4 billion US dollars, and the departments that do not make money were closed.

The goal of reforming the personnel system is to augment new people, eliminate the phenomenon of unintentional progress, and vigorously reduce company costs. Therefore, our company can become the first Japanese company to recover and continue to develop after the Asian financial crisis. Now our company is full of vitality."

"It sounds pretty good. He should be a very capable person. When I have time, I can take time to talk to him. My company has little influence in Japan. Many Japanese high-tech industries are interested in me, such as semiconductor manufacturing and some electronic product manufacturing technology. If you are interested, you can work together to do some small business.

I understand your Japanese corporate atmosphere. Without the help of companies familiar with the local business environment, it is difficult to achieve much development.

Japan's lifelong employee system is quite interesting. It is basically lifelong. Because there are no worries, they can work for the company and treat the company as their own home. However, there are also disadvantages, and some lazy employees will definitely be generated. I think we can use our company's elimination system so that they can keep working hard."

The so-called "lifelong employees" are the basic employment system of Japanese companies after the war. Large Japanese companies generally adopt this method to recruit job seekers who graduate from various schools, and always work in the same company after formal employment until retirement. Unless there are major problems, business owners habitually avoid firing employees.

This is not a system stipulated by law or document, nor is it an "iron rice bowl" that cannot be expelled regardless of whether it is good or bad. Implementing this employment system can ensure that outstanding employees work hard and they can also receive fixed guarantees, making great contributions to the rise of Japan's economy over the past half century.

Speaking to Han Xuan, Deputy President Masaichi Fujiwara didn't dare to distract himself at all, making sure that every word was heard clearly. Han Xuan said it was a "small business", but he didn't dare to really regard it as a small business. Even if he invested billions of dollars in the fields of electronic products and semiconductor manufacturing, he would not be able to splash too much. This is a real big business!

After thinking briefly, he replied with a smile on his face and said, "Of course we are very interested. I will convey your meaning to our president. Now our company has this business, but the scale is not large.

Adopting the elimination system is a good suggestion. I will make suggestions to the president in this regard. Nowadays, Japanese people are indeed not as diligent as before. Many people think about how to be lazy every day, rather than how to do their jobs better.

I would like to ask, the Internet industry has had a small problem recently. Do you think it is appropriate to enter now?"

"Is something wrong?" Han Xuan shook his head with a smile and told him: "I don't think that the problem is just Internet concept stocks, and people are beginning to distrust those companies that can bring rewards to themselves in the future.

The physical manufacturing industry is nothing wrong. In the past week, my Blueberry Group has sold products worth more than $10 billion worldwide. Do you think there is any problem?"

With a sudden realization on his face, Fujiwara Masaichi smiled and said, "I understand."
Chapter completed!