Chapter 1236 Stormy Toshiba (4k)

Toyota and Nissan are the two most affected automakers in the Japanese fraud incident.

From airbags to steel and aluminum to brakes, just like the humor of Sony's loser everywhere, aren't those people really coming for themselves?

With the official announcement of the vehicle recall, although the stock price of these two companies did not plummet as much as the fraud heroes, they also lost billions of dollars in market value in total, because their market value is much larger than Sony.

Sony was $40 billion before it was exposed, and Toyota was $102 billion before it was affected. The former lost 20%, which is almost one Olympus, and the latter fell nearly 7% during this period, which is also half of Olympus.

The problem is that Toyota is very confused and feels very innocent and helpless.

But soon, it found that it still faces more problems.

Because the recall of the problematic vehicles was only carried out in Europe and the United States, the Chinese media and consumers set off a small uproar after noticing this incident. Thanks to the global public opinion momentum of Japanese companies' concentrated fraud, the differential treatment of Japanese car manufacturers this time was also magnified.

Whether it is Weibo or Yixin, car owners have taken rights protection actions. After all, the current problem involves the field of safety and cannot be ignored.

The domestic response this time was relatively fast. The relevant departments quickly interviewed Toyota, Nissan and other car manufacturers, asking them to face up to the legitimate rights and interests of Chinese consumers.

As the news spread, the stock prices of Toyota and other affected manufacturers fell further, and continued to affect Takata.

As far as the problem of Takata airbags is concerned, according to the assessment of third-party institutions, the recall of 3 million vehicles by Toyota, Nissan and other car manufacturers is just an appetizer, and there will be more than 100 million vehicles recalled in the future.

This also means that Takata can declare bankruptcy in advance.

Of course, it will definitely try to struggle now, but this scale and the impact it causes are a bottle of unsolvable poison.

It can only be said that there is not much time left for Takata.

But in addition to being complained and missed by consumers, Takata has become a little outdated, and more people are still concerned about whether Toshiba has much time left.

Two days later, Akebono Brake responded with an internal investigation, which was not unfamiliar, while Toshiba remained silent. Even one of its vice presidents, Yukihira Nakamori, asked a question when surrounded by reporters.

"It's just an unclear online message, why should we care about it?"

Yukihira Nakamori's answer was regarded as Toshiba's informal response, and many Japanese companies were watching the situation and considering changes as a learning object.

On the first day of November, Fobole and the SEC officially denied the so-called "joint investigation documents on Japanese companies", claiming that there was no such thing at all.

There was no action, no documents, and naturally no leaks.

Some people believed it, some did not, but it still brought a more confusing layer of doubt to the Japanese company fraud incident that has lasted for more than a month.

If the two companies' formal refutation is true, who is leading this matter?

With the movements of Fobole and the SEC, the Japanese media suddenly regained their spirits, and the reflection came to an end, and they talked about the smear with ulterior motives again.

Toshiba tried to deal with it coldly under such circumstances, and the reason was that WikiLeaks's revelations were rather vague, and the testimony of the updated "sources" was not strong enough.

The official endorsement was broken. I am a century-old Toshiba. Do I have to conduct relevant investigations just because of your nonsense on the Internet?

One piece of news today, one piece of news tomorrow. Will the company still operate normally?

Toshiba's informal response is also reasonable and well-founded.

However, market sentiment has been ignited, and the decline in the company's stock price reflects everyone's true views on this matter. No matter where the source of the news is, Sony, Olympus, Takata and other companies mentioned by WikiLeaks have successively admitted or disguisedly admitted the problem.

Why is it that only Toshiba has no problem?

In the first three days of November, Toshiba's stock price continued to fall and ushered in a two-day weekend holiday, but the company has never given any additional response.

What ups and downs has a 136-year-old company not experienced?

When the United States discovered that we smuggled machine tools to the Soviet Union during the Cold War, did we panic?

At the beginning, the United States launched a wave of smashing Japanese products because of this incident. Did we panic?

At the beginning, the United States issued a sky-high fine of 15 billion US dollars. Did we panic?

After a hundred years of ups and downs, what tricks can be used!

How can a century-old famous company be shaken by relying on online rumors and market value fluctuations?

Toshiba's silence has won criticism from Western media and regained the support of Japanese media.

—— "Toshiba is a model for Japanese companies."

—— "Toshiba is not afraid of smearing."

From the exposure on October 31st until November 6th when Fang Zhuo was about to leave for Tokyo, he never saw Toshiba being shaken, and he couldn't help but admire that it was a hard bone.

In addition to the changes in the wind direction of Japanese and Western media in these days, a problem has also been noticed by everyone. WikiLeaks has not updated the files.

According to the previous frequency, new companies usually appear every three or four days, but this time there has been no new movement on WikiLeaks for a full week.

Is it over?

Is it because it was refuted by Fobolle and the SEC?

Various speculations have surfaced, which has made Toshiba and Japanese media more confident. As long as there is no real investigation by the United States, it is nothing more than dealing with a small group of malicious intentions.

However, on the morning of the 6th, as Fang Zhuo took a private plane to Tokyo to attend the extraordinary shareholders' meeting, play his role as an external director of Sony, and witness the birth of the new management, Georgia State Senator Mars told the media that he would ask government departments to review Toshiba's nuclear power business in the state.

"In view of the recent poor performance of Japanese companies such as Kobe Steel, Takata, and Kobayashi Chemical, and out of caution about the nuclear power business, I think it is necessary to review the nuclear power plant that Toshiba built here with Westinghouse Electric."

Mars was outspoken and expressed his doubts about Japanese companies.

At the same time, he said that he had contacted the US Nuclear Regulatory Commission NRC, hoping to strengthen the safety management of Westinghouse Electric.

The reason is also very simple. Kobe Steel has admitted that there is fraud in steel and aluminum. When Japanese companies undertake projects, 80% of them will give priority to companies in their country, which will bring potential risks.

In addition, the NRC needs to pay attention to the problems in Fukushima this year.

The endorsement of Fobolle and the SEC is gone, but new American administrative backgrounds have begun to emerge, talking not about fraud, but Toshiba's ongoing nuclear power business.

This news did not cause much impact on the secondary market. It only made everyone feel that Toshiba encountered more and more things and was watching the final direction.

At 7 o'clock in the evening of November 6, Tokyo, the "Keiko" landed at Tokyo International Airport. This time, Kong Yu and others were traveling with Fang Zhuo. His job was to remotely control, but now he also wanted to experience the atmosphere in Japan in person.

"Toshiba's situation is indeed more complicated." Kong Yu discussed Toshiba's tricky situation while sitting in the car.

Financial fraud is a core secret. The current accusation against Toshiba is not strong enough, and the latter is also very calm and has not been alarmed, so performance issues similar to Sony have been raised.

Westinghouse Electric is a very costly acquisition of Toshiba. Now Toshiba's four nuclear reactors in the United States are all signed through Westinghouse Electric.

However, when the gasoline man team was helping Toshiba sort out its business, they found that Toshiba received orders through Westinghouse Electric, and Westinghouse Electric hired Shaw Group to handle the construction.

As for the Shaw Group, it was just an empty shell company at first. Later, it acquired another engineering company and became famous in the relevant field, and then obtained orders from Westinghouse Electric.

Kong Yu did not go deeper into this aspect, but only planned to let some friends do some work in this regard to see if they could stimulate some breakthroughs.

"That Shaw Group is a relatively grass-roots team, right?" Fang Zhuo asked.

"Well, the qualification time is not long, it always does no harm to check." Kong Yu scratched his head, "The Nuclear Regulatory Commission NRC may still be able to make temporary bad news, but I don't know if it will work. If it doesn't work again, then continue to wait."

Toshiba is stuck, and the situation will be decided by the free market, but it cannot delay the rectification of other companies in the hands.

"It's still quite a lot of trouble." Fang Zhuo commented, "The wide range of influence this time is indeed a bit beyond my expectation."

For more than a month, it has repeatedly appeared on the front page of the media, and the Internet has not lost its popularity. It once became a debate topic in the US election, which surprised Fang Zhuo, the person involved.

Kong Yu nodded: "In the final analysis, it is they who are cheating. I believe that as long as there is time to continue the investigation, more cases of fraud will definitely be found."

This time, the signal was sent by Olympus, so the time was a bit rushed.

He added: "It is also outrageous that Toyota did not recall the problematic vehicles in China."

"Logically speaking, China is an important market and should be taken seriously. But look at HTC. Its current improvement has been suppressed. It is strange that it does not pay attention to the experience of domestic consumers." Fang Zhuo shook his head. "You will not feel outrageous after seeing too many outrageous things. Aren't these frauds outrageous?"

Kong Yu thought about it. Yes, the frauds seen so far are all outrageous.

For example, Kobe Steel and Kobayashi Chemical have crude fraud methods.

When he arrived at the hotel, Kong Yu contacted the United States as soon as possible to check if there were any new changes. He was expecting that there would be something wrong with NRC or Georgia. Unexpectedly, after a few phone calls, he got new media news.

In the past two days, the American and Japanese media have been shouting at each other on the Internet, and both of them are a little bit angry.

Two hours ago, Bloomberg obtained information from a source close to Mitsubishi's senior management, claiming that Toshiba's financial situation must have problems.

Kong Yu confirmed twice that it was a source from Mitsubishi Corporation...

Mitsubishi Corporation is also a Fortune 500 Japanese company with achievements in many fields, and it and Toshiba are old enemies.

"Toshiba's financial report must have problems. In 2008, it spent a lot of money to acquire Westinghouse Electric to obtain nuclear power technology. The original market price was at most 3 billion US dollars, but Toshiba spent a full 5 billion US dollars."

"The news I heard was very accurate. It was Mitsubishi that raised the price. Anyway, Toshiba is having a hard time operating now. I believed it as soon as I saw the WikiLeaks revelation."

The source mentioned an old case of malicious bidding that year.

After listening to the report from the gasoline man, Fang Zhuo said: "This can only prove that he is not optimistic about Toshiba. He still lacks something substantial. If he wants to crush Toshiba, he still needs something substantial. He has to look at the situation in the United States."

This year's Fukushima situation has a serious impact on the global nuclear power industry. Kong Yu also noticed this situation when he hooked up with NRC. Toshiba previously made a bold statement that it would accept orders for 39 nuclear power generators from around the world before 2015.

However, there is a slowdown trend in the United States, and the blow of the Fukushima incident is very severe.

Kong Yu hopes that NRC and other relevant agencies will pay attention to Toshiba's scandal and further promote the formation of relevant decisions, but this may also take time.

Perhaps, Mitsubishi and Panasonic, the subsequent companies, will also be exposed, and NRC will increase the stakes again?

Kong Yu has information on Mitsubishi...

Mitsubishi and Toshiba have a bad relationship, but both of them are on Kong Yu's strategy list. On the contrary, Mitsubishi's fraud is more realistic.

The next company is Mitsubishi and Panasonic.

One is the fraud of motors, and the other is the huge loss that exceeds Sony.

"Mr. Fang, we have more news channels for receiving news about Japanese companies' fraud, which are difficult to distinguish between true and false. Now we can't verify it. Let's release it all at the end, how about it?" Kong Yu established a reward report. As the incident was hotly discussed, the news received also increased sharply.

He suspected that there was a fishing by some Japanese departments, so he just looked at it and didn't take action.

"Keep it, let it take a long time, fake can't be real, slowly verify it." Fang Zhuo smiled, "I see that the Nikkei index has been falling recently, and you have done something that can be written into your memoirs."

Kong Yu nodded. He felt okay this time, but he was more interested in Soros's thoughts on the yen.

At this time, the doorbell of the suite rang.

Sony people came to visit.

There were three groups of people in total.

All three groups talked about the pros and cons of Sony's situation, and sincerely hoped to get Mr. Fang's final support.

Kong Yu looked puzzled, the boss's attitude towards them seemed to be similar.

He asked, "Mr. Fang, who has a better chance of becoming the new CEO?"

"Who knows? I think anyone can do it. They all want me to continue to be a director." Fang Zhuo shook his head. "I will issue nominations tomorrow morning. If it doesn't work out, I will propose drawing lots at that time. Anyway, they are all about the same."

The three people are Sony locals. They talked separately in New York. Some of them wanted to continue to be directors, some wanted to be the nomination committee, and some even proposed to be the chairman.

Seeing them like this, Fang Zhuo was relieved about the next head of Sony. He felt that if there was another one like this, he might be able to see the split of Sony.

As long as it is split and there is no prospect, there is no need to worry about its prospects getting worse.

"Bloomberg has sent people to Tokyo to dig deeper into the sources." Kong Yu tapped his phone, which showed the latest trends. "I guess the interview can get more results."

Fang Zhuo smiled and said, "Everyone is very concerned about Toshiba. No matter how cold Toshiba is, they have to find some fun for it."

Kong Yu nodded deeply, "So, Toshiba should just follow it quickly."