Translator: Flowingcloud Editor: Arocks141
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Ojou-sama Soars Part 6
If you are reading from a pirate or aggregator site, please read from the translator’s site: yado-inn (dot) com I have to put the link like this or else the bots will remove it, sorry 🙁
Far East Bank Tokyo Branch Manager Office.
I looked at the earning reports that I took for granted, which were earned from going along with the IT bubble.
My guess was on point, but now that I actually see it in reality, there was so much money that I wanted to yell, “What’s with this!?”.
“The Moonlight Fund has generated one hundred million dollars in profits with the listing of the American browser company. Additionally, we have secured nearly one hundred million dollars in revenue as a result of our investments in IT companies and purchase of shares in the same quarter. Also, here is our earnings from FOREX.”
I pretended to be calm on the surface from Ichijou’s report, but my body was trembling.
The unused funds from the American market were 200 million dollars right now.
The profits that have swelled up so far have been thanks to the information I had and this era’s billow.
I exchanged yen to dollars when it was roughly 1USD:80YEN. The IT-related companies that I invested in made returns of several hundred-folds. Also, the return on FOREX has gone up to 500 billion yen by now after recovering to 1USD:100YEN.
“As the Tokyo branch manager of the Far East Bank, I was allowed to participate in Ojou-sama’s venture with all my abilities, and the return is now 500 billion yen.
Using my IT company shares as collateral, I dragged in Far East Life and borrowed money to join in the FOREX game.
As the person who struck it rich splendidly, Ichijo was valued highly and nicknamed things like “Far East Bank’s Hedge Fund Manager” or “The Man who Saved Bank of Japan”.
There were no other precedents of such high profits in the deeply-distressed banking industry after the bubble burst.
As I go with the times, I’ll continue to keep piling up money.
That’s when I realized.
“Looks like Ichijou is going to be promoted to a higher position now. I’ll continue having you follow me along in my schemes.”
“I wonder if I should be elated or dejected.” 1
Having said so much, Ichijo’s eyes sharpened.
I suddenly thought that he was not a trader, but a banker.
“We can get rid of the non-performing loans, right?”
“Of course. Since it was easy money, let’s use it like a bubble ♪”
The former Far East Group companies that the Keika Group took in included Far East Bank, Far East Land Development, Far East Hotels, and Far East Life.
Far East Land Development funded the construction costs for Far East Hotels, and Far East Bank loaned the land acquisition expenses to Far East Land Development. As a result, the three companies generated a large sum of non-performing loans with the collapse of the bubble economy.
In addition, Far East Life—a subsidiary of Far East Bank—made use of previous assets and stock holdings, and suffered losses due to Far East Bank, which was suffering from bad loans and the management grew worse over time.
When the Far East Group joined the Keika Group, Keika Group’s loan guarantees were attached to these transactions.
In other words, the root of the non-performing loans stems from Far East Land Development.
“It should be fine to apply for corporate rehabilitation for Far East Land Development, right?”
“To make up for it, we will acquire Far East Hotels at a high price.”
The plan to get rid of the non-performing loans is this:
First, the Moonlight Fund will acquire Far East Hotels owned by Far East Land Development for 300 billion yen.
Far East Land Development is already under the control of Far East Bank, but after paying back the money that needs to be returned, we can apply for the Corporate Rehabilitation Law and clear the debt.
As a result, the total debt will be reduced to roughly 150 billion yen, but then Far East Bank will bear the debt and then write off as the earnings of the Tokyo branch office.
Then, the Moonlight Fund will use the remaining funds of 200 billion to invest into Far East Bank while acquiring Far East Bank stocks that possess Far East Life, then support Ichijo as a shareholder.
“Tachibana.”
When I called his name, Tachibana quickly bowed.
I cannot freely move, so the ones actually moving are Tachibana and Ichijo’s jobs.
“Yes. We have already completed making necessary arrangements in all related places. Since we are disposing of the non-performing debt, no one is willing to cover themselves in mud, other than Ojou-sama that is.”
No one butted in since it was the child’s butler dealing with her parent’s mismanagement.
I was still able to hide behind Tachibana and Ichijo.
“Far East Land Development, whose headquarter is located in Sakata, Yamagata Prefecture, today filed for the Corporate Rehabilitation Law in Yamagata District Court and effectively went bankrupt.
The total sum of debt is 15 billion yen.
As the parent company of Far East Hotels, Far East Land Development expanded its operations during the bubble and suffered from large amounts of bad debt that accompanied the decline of land prices during the economic bubble burst.
Prior to filing, Far East Hotels has been acquired by an American fund, the Moonlight Fund, for 300 billion yen, and all remaining debt will be financed through the Far East Bank.”
Although the Far East Bank will record an extraordinary loss of 15 billion yen, there will be no change in the expected earnings…”
“The Far East Bank, based in Sakata, Yamagata Prefecture, has decided to accept the Keikain Family’s investment.
In addition to the acquisition of Far East Bank shares held by Far East Life, the bank plans to increase its holding by 33% by accepting a third-party allotment of shares to the Far East Bank.
Far East Bank, the second regional bank to suffer from disposing of non-performing loans, has just completed processing its application under the Corporate Rehabilitation Law for its biggest problem, Far East Land Development.
The Keikain Family, who leads the Keika group, has taken responsibility for disposing of the non-performing loans generated by its subsidiaries, and the business community is pleased with disposal of their non-performing loans.”
Click!
I was just staring at the mountain of things placed on my living room’s table.
As I stared at the things that I explicitly requested from Ichijo that the guard just brought in, Keiko-san brought in a glass of grape juice and cake and said in an exasperated voice.
“Are you still looking at it, Ojou-sama?
“I was just savoring the charm of money. Do you want to look at it together?”
“I’m good.”
What was placed in front of me was 100 million yen packed neatly in vinyl.
The Tokyo branch of the Far East Bank received the money from the Bank of Japan and brought it to my mansion as a withdrawal.
As a result, the extremely surreal scene of a little girl looking at 100 million yen with a guard in the corner of the room in case of an emergency continued.
I had already taken off the mask of a little girl.
“If you obtain this, you could buy a person’s life. I just realized this.”
“I was able to live relatively luxuriously. Now, it is enough that I just watch over Ojou-sama quietly.”
I wonder if she said ‘live relatively luxuriously’ was when Keiko-san was receiving affection from my grandfather.
In those days, Keiko-san was famous in Ginza and was able to have her own shop with my grandfather’s power, so this person must have lived not just “relatively” luxuriously.
In addition, the first thing I spent the easily earned money that I just accumulated was to cover the costs of Tokito Aki-san’s college education, who looks like Keiko-san’s daughter if she had one.
I didn’t miss the tears in Keiko-san’s eyes as she watched Aki-san being overjoyed.
I have already secured a business foundation.
Even as it is, the shabby mansion will continue to properly function until I become an adult.
“You don’t have to force yourself to be an adult, Ojou-sama.”
Keiko-san tried persuading me as she put down the grape juice and cake.
This person, who dealt with this sudden change, was strong.
“Tachibana-san and I will serve you until you grow up, Ojou-sama, so Ojou-sama should act like an Ojou-sama and slowly become a beautiful lady.”
“…Okay.”
I nodded my head naturally.
Seeing that, Keiko-san happily smiled.
Maybe it would have been better to end here.
However, history is bent on making trouble for the winner by forcing them even further up.
Until the winner is finally ruined.
“Ojou-sama. Far East Bank Tokyo Branch Manager Ichijo is looking for you.”
I was puzzled by Naomi-san’s voice.
Hm?
Was he here to take back the 100 million?
When I looked over to the guard, he shook his head, apparently unaware as well.
“Well, that’s fine. Let him in. Naomi-san, please prepare some tea cakes.”
I ordered Keiko-san, and let Ichijo in.
Ichijo looked at me without giving a glance at the 100 million on the table at all.
“I have urgent information from a person in charge of negotiation from the Ministry of Finance. ‘The Ministry of Finance has set its eyes on the disposal of our non-performing loans.’ There is a possibility that they may intervene in this case.”
Eh?
Why was the Ministry of Finance getting involved with me?
If you are reading from a pirate or aggregator site, please read from the translator’s site: yado-inn (dot) com I have to put the link like this or else the bots will remove it, sorry 🙁
Thanks for the translation!
So she invested in Netscape? Their IPO is in 1995, it won’t be long before the Asian Financial Crisis then… I wonder how the author will deal with those.
Timeline wise, she’s in 1997 already I believe.
Thanks for the new chapter!
Thanks
— Thanks for the chapter~ ^^.
whew.
That was a large return