Ikeda Sakurako was obviously very dissatisfied.

Miaomu rolled his eyes and complained, "Are you an animal who is only satisfied with your lower body? Are you so addicted to the pleasure of the flesh that you neglected such an important thing?"

"How could I be such a person! I'm just troubled by the recent joint investigation by the Ministry of Finance. What happened?"

"Hankyu is now facing a big problem with funds, and its cash flow has dried up!"

Hearing this.

Nagano Nao was startled.

The so-called Hankyu is the full name of Hankyu Electric Railway Co., Ltd.

It is a large private railway that connects Osaka Umeda, Kobe, Takarazuka, and Kyoto.

The head office is located in Kita-ku, Osaka City, Osaka Prefecture, and the registered address of the main store is 1-1 Sakae-cho, Ikeda City, Osaka Prefecture.

The average number of users is 1.95 million per day, and the operating mileage is 146.6 km. It is one of the major private railways representing Kansai.

In addition, he is also known for running the all-female theater troupe "Takarazuka Revue".

The Takarazuka Revue is the predecessor of the Toho Group. Today, as Toho has entered the entertainment and media industries, the Takarazuka Revue is still retained and listed separately.

Railways are a monopoly industry with stable profits every year, so it can be said that they are a sure win.

In the traditional sense, money is only a tool for allocating resources, and social value determines the fundamental status, so Naoto Nagano has always been very interested in controlling Hankyu.

In addition to Hankyu, there is the Takarazuka Revue, and the Toho Group. The high-level intelligence information held by the entertainment industry is a resource that cannot be bought with money.

Controlling Hankyu is of great strategic value.

However, as a railway group, in principle, Hankyu only split off assets along the line, such as Hankyu Department Store, Hankyu Housing and Hankyu Freight.

The underlying railway assets are unlisted assets.

With the monopoly of railways as a cash cow, Hankyu has extremely abundant cash flow, making it very difficult to control Hankyu.

The worst thing is that the acquisition plan on the stock market was also blocked at every turn. Hankyu originally planned to buy up shares by taking advantage of the stock market crash, but Hankyu released a poison pill plan by transferring shares.

100-for-100 share expansion.

The stock was split in half, so the acquisition plan had to be shelved temporarily.

"How could Hankyu be short of cash flow? What happened?"

"When I was here, we invested a total of 140 billion yen overseas."

"Even so, it is impossible to affect Hankyu's liquidity, as it transports more than one million people every day!"

"That's true, but Hankyu Housing's investment in Kyoto has run into big problems. The scale of the default is too large, and the bank has stopped extending credit, so."

Nagano Nao understood it instantly.

The real estate industry is actually a financial product in essence.

Real estate companies invest a portion of their funds, borrow from banks, use the funds to buy land, then sell pre-sale properties to recover funds, and then use these assets as collateral to borrow from banks.

Buying a house with a loan is itself a leveraged investment behavior, and the down payment for buying a pre-sale house is equivalent to a margin system in futures.

Taking a 30% down payment as an example, it is equivalent to a 3.3 times leveraged investment.

For example, if a house has a total value of 100 million yuan and a down payment of 30 million yuan, if the price goes up, it means there will be an additional book profit.

Once the value of this house drops to 70 million, it will be equivalent to losing all the investment.

That’s right!

Theoretically, you can still own the property while paying off the loan, but in reality this is just like being stuck with stocks, you are just constantly adding to your position.

If prices fall, losses will continue to expand.

If you pay a mortgage of one million every month, but watch the house price drop by ten million every month, that feeling must be terrible.

In this case, supply disruption is inevitable.

If the customer fails to repay the loan, the bank will stop the loss for risk considerations. The next step is to sue to reclaim the customer's mortgaged property and recover the funds through court auction or other means.

The central bank's change in window guidance has resulted in a sharp drop in real estate prices. A large number of residential properties have been auctioned off and entered the market for trading, creating a dumping situation.

In this case, the real estate company's projects under construction will become unpopular, and if new houses cannot be sold, the capital chain will definitely collapse.

house!

Another house!

Looking at the delicate face in front of him who was drinking tea nonchalantly, Nagano Nao said with a strange look on his face: "So, the investment in Kyoto must have been made by you!"

"Don't you think it feels great to have an insider to cooperate with you?" Ikeda Sakurako smiled slyly, her eyes full of pride.

you do not say!

Any company would be screwed if there was a guy like this who was stealing their own employees! Nagano Nao hurriedly got up, ran to Ikeda Sakurako with a grateful look on his face and said, "So, we are really a perfect match!"

His face was full of gratitude, but his eyes were full of lust.

There was also a pair of strong arms hugging me, full of the smell of masculine hormones.

Cherry red lips came closer.

Nagano Nao felt his heart warmed and he quickly moved his lips closer to the ones that were so close.

The originally bland tea became extraordinarily sweet at this moment, but the sweet tea was like strong liquor, flowing into the throat and into the stomach, making the whole body feel hot.

Taking advantage of the atmosphere.

Plop! Nagano Nao was pushed upside down.

Ikeda Sakurako smiled mischievously: "But these are the only rewards for now. If you want more, you have to keep working hard, straight man."

"Damn it! Do you think I'm a dog?"

"Stick out your tongue and bite everywhere, isn't that just a puppy?"

"One day I will make you kneel down and call me master."

"I'm waiting, you know that!"

“.”

Men are really strange creatures.

Although he knew that he was just encouraging himself, Nagano Nao was still full of energy as if he had been injected with chicken blood.

Looking at that face that he couldn't get enough of, he sat up with an excited look in his eyes, "So what's the situation at Hankyu now?"

"I don't know the details because those guys are wavering, but I can be sure that the situation is worse than it seems. Judging from the news from Hyogo Bank, I'm afraid they have been dragged into the quagmire."

As one of the local banks in Osaka, cooperation between Hankyu and Hyogo Bank is inevitable.

If Hyogo Bank has problems, it only means that the situation is really bad.

Nagano Nao became excited: "This is really good news."

"You say such outrageous things. Don't you think we are the villain boss?" Ikeda Sakurako said unhappily. She is obviously a good person!

"It's just a pair of bad guys getting together!"

"I don't have that!"

“Don’t break it!”

"You're so energetic because you want me to lay eggs!"

“.”

afternoon.

Naoyo Nagano returned to Osaka with 120 times more confidence.

After thinking about the next round of funding, the guy looked up at a building not far away.

The Sumitomo Group's billboard stands in the most conspicuous position.

Thinking about the new round of contracts that will be delivered soon, I feel secretly happy.

Hankyu's investment in real estate is actually not that large. At least, it is more conservative than the aggressive real estate investments of Sumitomo and Mitsui in recent years.

Now that Hankyu has encountered such a big problem, the situation of Sumitomo and Mitsui will definitely be worse.

As a result, even if Sumitomo is large in size, it will be difficult to take care of all the groups.

Stay calm!

Stay calm.

As a person who is destined to buy little Japan, how can I be excited about this!

Comforted myself.

Nao Nagano took the car and prepared to rush to the company.

As soon as I opened the car door, I felt a pair of eyes staring at me from behind.

Look back.

Several guys wearing the uniforms of the Special Investigation Department of the District Prosecutor's Office stood together. One of them had an extraordinary strength in his chest, and his bright eyes looked straight at him with anger and hatred.

Kaibe Oko!

The ghost of economics class! Seeing this woman, Nagano narrowed his eyes slightly.

Given Toshiki Kaifu's personality and status, there is no point in lying. Since the First Lady hinted that the Ministry of Finance's investigation into her was not at his behest, it must not have been arranged by him.

But many times, acquiescence is also an attitude.

Do you want to gain more bargaining chips for re-election without completely offending the Nakamura family?

However, after getting to know your niece in depth, I now know what kind of person she is! "Ms. Kaibu, you followed me and looked at me with such eyes. Could it be that you are in love with me?!"