Chapter 1926: Not happy

Japan. This, Tokyo.
In April, the number of stores from 7 to 11 in the whole day officially broke through 10,000, becoming the first company in human history to open convenience stores to 10,000.
Moreover, this is actually a small and densely populated Japanese place. It is really unimaginable!
But turning to it carefully, this is a normal result.
It is precisely because there are more than 150 million people squeezed on more than 300,000 square kilometers of land in Japan, so there is always a business wherever convenience stores are opened.
Japan's economy is very developed, and the factory is open day and night, resulting in a lot of people in the morning and evening shifts.
Japan ’s various road systems are also very developed, which results in many 7-11 beside each road, which can be purchased by people who work early in the morning and people who work late in the evening.
It's also very good to drive home to 7-11 to buy things and go home to rest, or to stop in front of the 7-11 store on the way to drive goods, buy something to eat, take a rest and then go on the road.
This is true in the wilderness, let alone in the city.
Especially in the city that never sleeps, such as Tokyo and Osaka, convenience stores such as 7-11, which can buy things 24 hours a day, are most suitable for those working part-time.
Housewives may be reluctant to come here to buy things, but those students, office workers, etc., all like this convenient store.
Although the price is a little more expensive, after all, everyday items can be bought, and they are everywhere, which is very convenient.
Young people don't understand what it means to be economical. As long as it is convenient and convenient, coupled with delicious food and useful things, it is the most popular commodity.
Of course, the most important point is still in Japan. The current economy is in a stage of high development.
Every company in Japan is making money, everyone's salary is very high, and they can get a good job waiting for the students out of school ... Such an economic dividend makes everyone in Japan full of the future. confidence.
They dare to spend money now, and are willing to spend money, and powerful welfare measures support them to do so.
In this context, various local businesses in Japan and Japan are also easy to do.
7-11 happened to catch up with such a good time, plus the 7-11 secret of success that Yin Jun gave them in advance, so from about 6,000 at the end of 80 to April, 85 in Japan. Opening 10,000 7-11s as a whole is not uncommon.
As the controlling shareholder, Ito Yohado, having such an unexpected joy is really a great case that proves that Japanese instinct is a business miracle.
Ito Yohado has a large department store that directly faces housewives and families, and a 7-11 convenience store that faces young people and office workers. Such large and small stores occupy all aspects. In terms of retail department stores, Ito Yohwado deservedly became Japan's first.
Even the crazy-expanding Seibu Group is not as good as Ito-Yokado in terms of pure Seibu Department Store.
But 7-11, including Ito Yoko, was not so happy.
To be precise, there is an anxious mood up and down.
The more successful, the more anxious.
The reason lies in a gambling agreement signed between the board of directors of Ito-Yokado and Kirin Group in January 1981.
At that time, it was the stage of Xiangjiang Kirin Group's 7-11 assets other than Japan, the United States and the United States, which was discussed with Japan.
Originally, Kirin Group wanted 60% of the shares, but 7-11 won a more favorable position, so that Kirin Group only got 40% of the shares.
But in order to merge smoothly, Ito Yoko had to promise Kirin Group a very attractive and confusing agreement on gambling.
That is, if within 7 years, 7-11 controlled by Kirin Group did not open 2,000 new stores; and within 5 years, and did not acquire 7-11 US assets, then Kirin Group will sell to the market With 20% of Ito-Yokado ’s shares, they will have only 20% of 7-11 shares left, and they will no longer be able to turn the waves.
Conversely, if the Kirin Group meets these two conditions on time, they will also buy 20% of the shares in Ito Yohado at the market price, and they will become the owners of 60% of the shares. Ito Yoshitaka can only occupy a 40% stake in 7-11.
After a series of close consultations and estimates by the company, they felt that the Kirin Group should not be able to achieve their goals, so they signed this agreement on gambling.
After all, 7-11 entered Japan. It was also from the initial careful design and discussion. It took a full 6 years to open 2,000 stores.
In addition to Japanese books, where else have such abundant conditions, so many stores can be opened in a short period of time?
Unexpectedly, Kirin Group signed an agreement and went to Thailand. Then two years later, people opened more than 1,500 stores.
And in this April, 1,800 have been opened, and the target of 2,000 is just around the corner.
This is more than that.
In February, sources in the United States came to the news that Kirin Group was entrusting Goldman Sachs to acquire the 7-11 U.S. industry.
Although I knew that this must be done by Yin Jun, and if there was enough money, the South Company of the United States and China might agree, but I contacted Thailand ’s 7-11 to have nearly 2,000 stores, Ito Yohwa The people in the hall and even 7-11 are trembling.
Once the two conditions are fulfilled, they have a reason to buy 20% shares of 7-11 at market price!
In this way, although the property rights of 7-11 are completely clear and can be directly operated globally, the dominance is not in the hands of 7-11.
To be precise, it is not in the hands of Ito Yoko.
Even Yin Jun once promised in the contract that he would hand over the management power to Ito Yohado, so that they could directly control and operate.
But the shares are too concentrated in the hands of other shareholders, which is always unsettling.
If it is a listed company, even a 20% stake, with the support of the management, will certainly be able to gain the leading power.
Now that 7-11 is not listed, and there are only two shareholders, what do you think of letting Ito Yohado think?
In April, they have been meeting to discuss this issue.
As the 7-11 representative chairman and general manager of Ito Yoko Hall, Suzuki Minwen naturally participated in these meetings.
Unlike other people, Suzuki Minwen was horrified and excited.
The things he agreed with Yin Jun were not written in the file contract, but he understood that Yin Jun could not give up his usual style of life for him.
As long as Yin Jun successfully acquired 60% of the 7-11 shares, then Suzuki Minwen can work for decades and retire at the age of 81.
A professional manager who can retire at this age is already the most glorious retirement!
Not to mention Yin Jun also promised a 2% 7-11 stake.
When the company is not listed, no one knows that the 2% of the shares are in their own hands.
If 7-11 becomes an empire of 100 billion US dollars, then how rich is the value of 2 billion US dollars in shares for the entire Suzuki family?
Even if you go underground, you can explain to the ancestors.
Therefore, during this frequent meeting, I suddenly heard the news that Kirin Group has announced the successful acquisition of 7-11 US assets, and Bangkok has also announced the opening of 2,000 stores. He wished to shout loudly.
Other members of the board of directors of Ito-Yokado were not as happy as him.
When Yin Jun reached an agreement on gambling, this group of people fell into deep regret and annoyance.
Min Suzuki also yelled that Yin Jun was ill-intentioned. He already had calculations, and stood up in public to review, saying that he had agreed to this matter at first, which was too incorrect and should be punished.
"You sit down, to say that you are responsible, everyone has a responsibility." The chairman of Ito Yoshitaka waved his hand. "Who can think of Yin Jun developing so fast in the past few years? The company has now become more than 40 billion US dollars of assets? With so much money as a backing, it is reasonable for him to achieve these. "
"Not only." Another general manager said, "He has the money and can easily buy 20% of the 7-11 shares ~ EbookFREE.me ~ We thought that high prices would make him Hesitate and take a compromise ... "
At the time, this was also a consideration project. After 7 years, the assets of 7-11 should skyrocket to about 6-8 billion US dollars. Yin Jun may not be able to take out more than 1 billion US dollars to buy shares.
Therefore, if there is one day, Ito Yohado will discuss with Yin Jun, and the best thing is that both parties will occupy 50% of the shares.
In this way, no one needs to be afraid of anyone. They all cooperate on an equal footing, which is the best of both worlds.
Unexpectedly, Yin Jun's assets now amount to US $ 40 billion and are still growing.
Although it is not as good as Ito Yoko ’s assets, it is a breeze to buy a 20% stake in 7-11.
"What should I do?" Min Suzuki asked in a deep voice, "We cannot afford this responsibility for breach of contract!"
"What else? Let's talk about it!" The chairman of Ito Yohwado took a fax and said, "Yin Jun is not that kind of demanding person. Do you know what his acquisition valuation is?"
"8 billion dollars?" Another expert estimated, because this is their estimate of the overall assets of 7-11 today.
"10 billion US dollars!" The chairman said, "He took out US 7-11 for 500 million US dollars, Thailand's 2000 facades for 600 million US dollars, and then subsidized 900 million US dollars in cash to buy 20% of our shares. "
Hearing this price, everyone didn't feel a peep.
Yin Jun's desire to forcibly buy out 7-11 shares is a bit domineering and calculation, but the courage of others to do business is also powerful.
Directly increasing your valuation by about 25% is equivalent to giving the benefit of 400 million US dollars to Ito Yoko.
400 million US dollars can't be considered a small sum anywhere!