Chapter 676 – The Real Japan
It is also an issue in Japanese stock markets.
“Kitaya electricity?”
“Oh, no way… “
“The PER is now over 10.”
Because it is a rare occurrence.
Lost 30 years.
It is not just the economy that has declined.
The stock market is also weak.
Companies have lost their competitiveness.
‘There is no way an innovative company could emerge from Nikkei.’
Senior analyst Yusuke Nakamura’s perspective is understandably negative.
He is 56 years old.
I have seen it all my life.
The process of the fall of the country called Japan.
————–±
『1989 Global Corporate Market Capitalization Ranking』
1st place 日NTT
2nd place: Nippon Corporation
3rd place Sumitomo Bank of Japan
4th Fuji Bank of Japan
5th place Daiichi Kankyo Bank
6th place IBM
7th place Mitsubishi Bank of Japan
8th place: Exxon, USA
9th place: Tokyo Electric Power Company
10th place: Royal Dutch Cell
11th Japanese Toyota Motor Company
±——————————————–
16 in the top 20.
33 in the top 50.
Japanese companies dominate the global market.
Now there isn’t even one.
Toyota, which had managed to maintain its place in the rankings, was also pushed out by the electric vehicle craze.
“Sonotoori!”
“I agree.”
“It’s not a competitive company to begin with.”
Fellow analysts share the same view.
Japanese companies cannot do well structurally.
‘Because I can’t adapt to changes in the times.’
It’s not like there aren’t some counterexamples.
There are also companies that are achieving results.
It is called a ‘small giant company.’
─Octopus expansion of Japanese companies. Jpg
Started as a piano repair shop
→I guess I can make it too?
→Electronic instruments too?
→Electronic products too?
→What is digital sound?
→Hatsune Miku production
In this way, kitchen utensils, motorcycles, helicopters, boats, and even swimming pools can be made by stretching out the octopus’ legs.
└How far can you break the drift haha
└Hatsune Miku is unexpected
└Dae Hwang Bon
└It is not an unreasonable expansion, but it seems that the company has developed by climbing the tech tree in its field
The spirit of craftsmanship was preserved.
As I dug, dug, and dug a well, something came out.
“That’s survivor bias.”
“The number of failed companies is hundreds of times higher.”
“Kitaya Electric cannot be like that.”
It’s not a story to brag about.
There is one great player on the all-losing team.
‘Is there any reason to invest in that team?’
It is right to select only the relevant players.
The actual investment direction is also the same.
Because it is visible.
I can roughly predict whether this company will do well or not.
“It is the opposite of the existing businesses. There may be some know-how in the distribution field, but… It is a vain illusion to think that it will create added value.”
Development process.
The technology and know-how accumulated through existing businesses just exploded.
—————————–±
『Japan’s Representative Small Giant Company』
Kaihara Denim: Navy blue kimono → jeans fabric
Satake: Rice mills for brewing → Grain processing equipment
Ichiman: Rubber manufacturing → Sneakers manufacturing
Castem: Taiyaki mold → Precision instrument mold
±——————————————–
This is an example of technology being developed or applied to another field.
It doesn’t jump out without context.
‘That’s right.’
What is Kitaya Electric?
It was a home appliance manufacturer.
The business I recently started is real estate and distribution.
The connection is vague.
It is impossible to maintain expertise, and it is difficult to be competitive.
“This is not a company that deserves a high PER. This… Is madness.”
“Like during the bubble era?”
“There is no better analogy!”
Still, I live.
Stock prices rise.
It’s a sight I’ve only seen once in my life.
Gulp!
The bubble era.
They simply ignore the intrinsic value of stocks and look only at dreams and hopes.
‘Now it’s impossible in Japan.’
Perspective.
It has no choice but to be negative.
I have personally experienced the fear of bubbles.
This too is a bubble that will burst.
It is completely natural to think that way.
“Excessive focus on Kitaya Electric will ultimately only create victims. As experts and experienced people from the bubble era, we have a responsibility to calm the market madness.”
The same goes for analysts.
Corporate analysis.
It’s not just about making money.
‘It may be possible to increase supply and demand for a while.’
Warns of market madness.
Helps create a sound investment environment.
It is in a position to supervise speculative phenomena in the financial market.
The time has come to roll up our sleeves.
“It’s the same with Lee Chan-wook’s business.”
“Although some fan bases may be formed…”
“How much Korean food can I eat?”
There is sufficient evidence
Collaboration.
The goal is to help the food market advance into Japan.
‘Will you come out if the business becomes viable?’
There will be some results.
It is undoubtedly true that the market response is good.
But what after that?
Even if it is firmly rooted as a Korean food franchise.
“The market is too difficult. A PER level that surpasses the main business cannot be explained.”
There are limits.
The consumer base for Korean food is limited to the Korean Wave fan base.
Business cannot be expanded indefinitely.
Not only is the stock price excessively overvalued.
‘Something like Korea.’
‘There’s no way it’s going to work out.’
‘Tell me, Kuso, to understand the topic!’
Honest heart.
There are always evil parts that cannot be revealed.
Korea is below Japan.
It is natural, without any question.
At some point, it stopped being taken for granted.
〈 But I have no intention of growing ugly. 〉
It even spreads hatred towards the elderly.
It would be a lie if I said it didn’t bother me.
There is such a background.
Numerous analysts are pouring out negative opinions.
Yamada Securities− “Kitaya Electric, the bubble created by the 4th Korean Wave”
Ijichi Securities− “Kitaya Electric, in essence, is an electronics company”
Goto Securities− “Kitaya Electric, a section where high multiples are difficult to justify”
Although it was seen that way in the eyes of old analysts.
* * *
Japanese food.
It is true that foreigners have various illusions.
‘There is a high-quality image.’
10,000 yen per piece of sushi!
Wagyu’s crazy marbling!
There are a few representative ones.
In fact, the dining out culture has also developed.
There are many omakase restaurants that cost hundreds of thousands of won per meal.
“I don’t like places like that either…”
“I’m not saying I haven’t been there.”
“At least I don’t think it’s a typical meal.”
It is only for the very few rich people.
The majority of ordinary people never stop by.
‘It’s the same for lower levels.’
The expressions entry-level, middle-level, and high-end are often used.
It is about dividing the status of restaurants.
Even the middle class alone costs 50,000 to 100,000 won per person.
Even at the entry level, several tens of thousands of won is naturally spent.
Buzz, buzz!
Common people in Japan.
I can’t afford to go to a place like that.
General food expenses are one coin.
“500 yen?”
“Well, that’s right.”
“Are you trying to buy a lunch box from a convenience store?…”
It can be stuffed within 500 yen.
The majority of ordinary people eat one-coin meals.
‘Of course, since the inflation era.’
It is a shaky concept.
However, because it is common sense that has been maintained for decades.
『Suki』
〈Gyudon/Tendon〉
Basic dong 350 yen
Kimuchidong 480 yen
Green onion eggs 480 yen
Muponzu Don 480 yen
Cheese dong 500 yen
〈Curry〉
Basic curry 490 yen
Pork curry 690 yen
Beef curry 690 yen
Cheese curry 640 yen
Karaage curry 690 yen
．
．
．
Famous franchises in Japan.
We provide a menu that can be eaten with one coin.
“350 yen…”
“Let’s order two as standard. Is that okay?”
“Oh, yes.”
Kaede seems to be somewhat shocked.
I wasn’t the type to be extravagant to begin with.
‘Even if you don’t indulge in luxury, a person with a golden spoon is still a person with a golden spoon.’
There is a basic threshold of spending.
You can easily burn 10,000 to 20,000 won per meal.
That level is appropriate.
Food made at a price lower than that.
Percussion!
What does it taste like?
What kind of taste it is bound to have.
You don’t know anything.
‘It’s just the obvious taste.’
Gyudon flavor.
Gyudon tastes like gyudon.
This is a story that comes up a lot in Japan.
Yoshinoya, Sukiya, and Matsuya are the three major gyudon chains.
It’s the same everywhere you go, so don’t bother questioning it.
“Why isn’t it delicious?”
“It’s not that it doesn’t taste good.”
“If you get tired of it, eat Benisho’s toppings.”
Beni Shoga.
It goes well with pickled ginger as a topping.
‘Actually, it’s not tasteless.’
Please put the braised ribs on top of the rice~.
There is a reason why Muscle Man II is muttering.
It is a meat bowl.
It’s hard to not taste good.
It is worthy of being a companion to the common people.
“Uh, over there…”
“Yes, that’s right. This is Lee Chan-wook.”
“I was asking for soy sauce.”
“It’s Lee Chan-wook! Lee Chan-wook!”
This is the daily life of Japanese people.
There are many other foods and restaurants.
‘That’s what it is,’
Ingredients.
The sincerity that goes into it.
There cannot be too many.
You have to make something delicious within 500 yen.
The answer is that they are similar.
“You recognized me. Everyone here can eat for free and leave. I, Lee Chan-wook, will guarantee it.”
“”Lee Chan-wook punch! Chanwook Lee Punch! Lee Chan-wook punch!””
Advantages of Japanese food.
The cute appearance, delicate taste, and seasonal ingredients.
‘Pay money.’
It’s not possible with 500 yen.
Even with 1,000 yen, it’s hard to beat.
I need to spend some money.
It is the exclusive property of the upper class.
For the common people, Japanese food is not a very enjoyable meal.
“It’s not that it didn’t taste good, but it was definitely monotonous and one that you get tired of easily.”
“You’re a picky eater.”
“Um…, I have nothing to say.”
Even he doesn’t know.
Why?
That’s how I’ve lived my whole life.
‘Lost 30 years.’
People who have tried meat eat it well, and people who have not eaten meat are not good at eating it.
This is the reality of Japan.
Therefore, it is an opportunity.
There is a gap to dig in.
To the food habits of foreign countries.
“I will use the fact that there are other flavors to enjoy besides Sashi Seso as a key point in my strategy.”
“Are you a Sasis?”
“You could say it’s a kind of jargon.”
Popularize Korean food in Japan.
