ebookslot Chapter 54 Ladies and gentlemen, prepare for battle!
Chapter 54 Ladies and gentlemen, prepare for battle!
Tsuyoshi Iwakura immediately interjected:
"You mean this isn't a deterioration in a single project, but rather a risk transmission within the group?"
"right."
Kiryu Yaya answered quickly.
"Rokko appears to be a failure in a golf project."
"But in reality, Miyazawa was shifting its risks internally to the group."
"As long as we keep moving, we can temporarily maintain the illusion that there is no breach of contract and that the contract can be extended."
"But the cost of this approach is that it drags down even the originally healthy borrowers."
"The risk of our 8 billion yen debt does not lie in Rokkaku itself."
"The problem lies in the fact that the group's credit and cash flow, which form the basis of the credit line, are being deliberately emptied by Miyazawa Hara."
No one spoke in the meeting room.
These few words are enough to characterize the matter as very serious.
If the tourism development in Miyazawa is dragged down—
At the Mitsubishi Bank Osaka branch, 8 billion yen represents a large amount of risky assets that could potentially fall into the deterioration zone at any time.
Section Chief Iwakura leaned back in his chair, his face grim.
"Miyazawa is using a new hole to cover an old one."
Chihaya Yuri added:
"That's why he was in such a hurry to get Ms. Miyazawa to sign the full letter of appointment. Once he had the letter of appointment, the account, seal, guarantee, and loan procedures could all be completed."
The finance minister nodded slowly.
"By then, even if the Rokka project fails completely, it will be difficult for Ms. Miyazawa to immediately clarify the boundaries of responsibility."
Keiko Miyazawa sat quietly the whole time.
Hearing this, she finally gently placed her hand on the table and said in a low but clear voice:
"So, I'm not here today to ask Mitsubishi Bank to handle the Miyazawa family's affairs for me."
Everyone looked at her.
Keiko Miyazawa's voice wasn't loud, but it conveyed a sense of calm:
"Because if these two sets of accounts are true, then it's no longer a matter of who is fighting whom for control."
"Instead, the Miyazawa Group is using distorted financial information to guide financial institutions in making their judgments."
"This also includes Mitsubishi Bank."
She glanced at the curtain on the table, then looked up again.
"My father's death was too sudden. I had never really been involved in the business before, nor was I capable of fighting alone against the finances, secretarial and legal lines that my uncle had already taken control of."
"But I am one of the heirs of the Miyazawa family, and also the one who bears the responsibility in name now."
"so--"
She took a deep breath.
"I request Mitsubishi Bank, as one of the main creditor banks, to assist me in ascertaining the true financial situation of Rokko Golf Development and Miyazawa Group."
The meeting room was quiet.
The rain is still falling outside.
The lights illuminated everyone's faces clearly.
Just then, the door was pushed open.
Branch Manager Takahiro Matsumoto strode in.
All the bankers who realized what was happening stood up at the same time.
"Branch Manager".
Matsumoto Takahiro raised his hand, gesturing for everyone to sit down.
His gaze first fell on the two ledgers on the table, then on Miyazawa Keiko's face, and finally on Yamada Masakazu.
"I've already overheard half of what's going on outside the door."
He walked to the head seat and sat down, his voice steady yet commanding the entire conference room.
"Who can explain the other half to me in three minutes?"
Just as Yamada Masakazu was about to speak.
Kiryu Yaya had already compiled the most crucial pages of the secret account, the letter of appointment, and the memo together and presented them to the branch manager.
"Branch manager, I'll take over."
Matsumoto Takahiro glanced at him.
"explain."
Kiryu Yaya didn't waste a single word:
"The Rokko Golf Development has dual books, concealing at least 2 billion yen in actual debt; the Miyazawa Tourism Development is forced to continuously receive financial support, and its actual burden is higher than publicly disclosed; Miyazawa originally attempted to obtain Miyazawa Keiko's account, seal, and guarantee signing authority through a full letter of appointment in order to supplement or continue to advance related financing procedures."
"If true, our bank's existing 8 billion yuan related debt base is being eroded."
"The problem now is not the extension of individual projects."
"Instead, the Miyazawa Group may be using distorted financial information to maintain a facade of creditworthiness, threatening our bank's 8 billion yuan in bonds."
After he finished speaking, the conference room fell silent once again.
Matsumoto Takahiro did not speak immediately.
He simply flipped through those few pages of documents, his gaze sweeping over them bit by bit.
Thirty seconds later, he looked up.
"it is good."
There is only one word.
This, however, caused the atmosphere in the entire conference room to tense up again.
Matsumoto Takahiro looked at Miyazawa Keiko.
"Ms. Miyazawa."
"Yes."
"Your personal presence here tonight formally brings this matter into the banking process."
"This means that many things can no longer be done simply according to the Miyazawa family's wishes."
Keiko Miyazawa nodded gently.
"I see."
"Even so, you still want our bank to intervene and verify?"
"Yes."
"it is good."
Matsumoto Takahiro closed the document and placed it in the center of the table.
"From now on, the Osaka branch's financing department, financing review section, and debt management section will jointly launch an emergency status check on the relevant credit lines to the Miyazawa Group."
"Before confirming completion—"
He looked at the Minister of Finance.
"Any new credit lines, extensions, additional guarantees, or changes to seal permissions will be frozen. At least with me, they will not be easily approved."
"Yes."
"Section Chief Yamada."
"Yes."
"Tonight, we will extract the complete ledger for the Rokko and Miyazawa tourism development projects, as well as the existing 8 billion yen in related credit lines."
"Chihaya, the section chief."
"Yes."
"You are responsible for reconciling these two sets of accounts with our bank's existing customer data item by item, and producing the first version of the discrepancy list tonight."
"Section Chief Iwakura."
"Yes."
"The Debt Management Division is preparing contingency plans for the worst-case scenario. If Miyazawahara goes to Sumitomo Bank tomorrow with fake documents or tries to force our bank to make a statement based on a fait accompli, we cannot be unprepared."
"clear."
Finally, Matsumoto Takahiro's gaze fell on Kiryu Yaya.
It paused for two seconds.
"Kiryu-kun."
"Yes."
"Since you're the one who started this thread, you'll be in charge of following up on this case from now on."
"I hereby formally appoint you as the acting head of the 'Miyazawa Group Emergency Risk Review' case, and assign any staff member to form a special task force."
"I need a preliminary risk assessment that I can have on my desk by midnight tonight."
A single sentence was uttered.
The meeting room was so quiet you could almost hear a pin drop.
Acting Director.
Moreover, he was personally appointed by the branch manager.
In any bank, this is not a word that can be glossed over.
What's more, the person who said this was Kiryu Yaya, who had been in the industry for less than a month.
Masakazu Yamada's fingers paused slightly on the table.
Section Chief Iwakura narrowed his eyes.
Kiyomasa Ogaki did not immediately express his opinion, but simply looked at Yaya Kiryu again, as if trying to remember the young man's features more clearly.
Kiryu Yaya himself fell silent for a moment.
But he did not refuse.
Because he knew that refusing at this time was not humble, but disrespectful.
So he stood up, bowed his head, and said:
"clear."
Takahiro Matsumoto nodded.
Then he looked at everyone in the conference room and slowly said:
"Gentlemen."
A rumble of thunder came from outside the window.
The branch manager's voice was clearer.
"Prepare for battle."