201 KiShin absurd plan
While the video game Doom has been making waves in the computer industry, in Toshima Ward, Tokyo, Japan, Shin convened a meeting at KiShin Headquarters. As the executives gathered, he announced, "Starting today, I've decided to place KiShin Electronics under the umbrella of my newly created company, KiShin Rules. I will serve as its Chairman, and I'll appoint a CEO for KiShin Rules. Additionally, the new CEO for KiShin Electronics will be determined through a vote among you."
This revelation startled the executives; the young CEO had established a new company that would now be the primary entity for all things KiShin.
Observing the executives' surprised expressions, Shin smiled and shared, "To be honest, I've been planning this for a while. I've already acquired a building in the prosperous city of Minato, Tokyo, for the headquarters of our main company, KiShin Rules."
Upon hearing this, one executive couldn't help but say, "Isn't acquiring a building in the Minato ward quite expensive? Is it truly cost-effective to have a building situated there?"
Similar concerns echoed among the other executives.
Shin smiled and replied, "It was before the recession." Pausing to gauge their surprised expressions, he continued, "Some of you seem to forget that post-recession, land prices in Minato significantly dropped. Seizing the opportunity, I consistently purchased land and a building in Minato."
The executives were left speechless after hearing Shin's words. Indeed, it was foreseeable that if Japan's economy recovered, the price of land in Minato would significantly increase.
This trend was mirrored in other cities where land prices had plummeted, prompting Shin to acquire land in several prosperous areas of Tokyo. Particularly in the Akihabara District, Shin secured a significant portion of the future Electric Town. He strategically deployed negotiators to deal with property owners in the area, leveraging the fact that Akihabara wasn't as renowned compared to Shin's previous life. Consequently, most property owners agreed to the terms.
To fund these ventures, Shin obtained a loan of approximately 210 billion yen, equivalent to about 1.4 billion dollars, from various Japanese banks offering low-interest rates. This substantial sum was utilized to purchase a considerable amount of land in Akihabara, precisely 148 thousand sqm, a feat accomplished within a year since the onset of the economic recession in Japan in 1992.
With that, Shin still has approximately 374 million dollars remaining from the loans secured from various banks in Japan. However, this remaining capital is earmarked for acquiring additional land in Akihabara.
Simultaneously, KiShin's acquisition of land in various cities, particularly the substantial land holdings in Akihabara, drew widespread attention. It even piqued the interest of the Japanese Government.
The Ministry of Finance found itself perplexed about KiShin's determined efforts to acquire land in Akihabara. High-ranking officials discussed among themselves, "Does KiShin have specific plans for Akihabara?" Nevertheless, they acknowledged KiShin's keen foresight and recognized the potential of Akihabara, strategically located in the heart of Tokyo.
In light of this, the Japanese government recognized the potential of Akihabara. The government sector engaged in discussions about the district's future, concurrently addressing KiShin's extensive land acquisition in Akihabara and its potential impact on the local community and surrounding businesses.
However, amidst these discussions, some officials deemed Shinro Suzuki as eccentric for investing in Akihabara, a venture they perceived as lacking guaranteed profits. They expressed concerns that it might be a waste of money, yet, at the same time, couldn't help but lament the mindset of the wealthy.
The thoughts and extravagant ideas of the wealthy were aspects that ordinary officials like them found challenging to grasp.
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Following KiShin's high-profile land acquisition in Akihabara, some high-ranking officials from the Ministry of Finance reached out to Shinro Suzuki. However, Shin responded in a manner that left the officials unable to comprehend his plan for the land. Despite the confusion, the officials were relieved to learn that Shin had no intentions of causing disruption to the local community and surrounding businesses, as long as they aligned with KiShin's accord.
Meanwhile, in the Sazama Mansion, news of KiShin's high-profile land acquisitions in various Tokyo cities, and particularly the substantial spending on Akihabara land, reached the ears of Sazama and Kumiko.
Sazama, engrossed in playing KiShin's new video game, Final Fantasy IV, was interrupted by a man in a sleek black suit who brought him up to speed on KiShin's recent maneuvers.
"What!? KiShin acquired thousands of square meters in the Akihabara district!?" Sazama nearly choked on his tea as he exclaimed.
Kumiko hurriedly patted Sazama's back as they both turned their attention to the formally dressed man with sleek hair, who slightly bowed while conveying, "Yes, this is the information my team and I recently obtained." The man paused, observing the dilated eyes and shocked expressions of Sazama and Kumiko, then continued, "From what I've gathered, KiShin has been steadily acquiring land in Akihabara for a few months before it culminated in the recent acquisition of thousands of square meters. The exact amount wasn't disclosed, but according to our intel, KiShin has acquired even more, possibly reaching up to 50 thousand square meters or beyond."
Upon hearing this, Sazama and Kumiko were visibly stunned.
Upon learning about their youngest grandson's businesses and companies, Sazama and Kumiko decided to stay informed about anything related to KiShin, allowing them to monitor their youngest grandson's ventures. While they couldn't influence his business decisions, they could at least keep track of his progress.
However, they found themselves periodically bewildered and shocked by KiShin's, or rather, their youngest grandson's, strategic moves.
This youngest grandson of theirs proved to be more ambitious than they had ever been. Who in their right mind would acquire tens of thousands of square meters in a single district?
Yet, Akihabara District, being in the heart of Tokyo, held tremendous potential, making the acquisition of such vast land a promising move for future investments.
However, the challenge lay in the cost of developing the land. While Sazama and Kumiko were uncertain about their youngest grandson's exact plans, they suspected KiShin intended to construct a planned building there for various reasons. The looming concern was the financial burden associated with construction.
If their youngest grandson aimed to venture into the apartment business, the risk was evident. Although the land prices had significantly decreased during the recession, Tokyo's real estate market was gradually rebounding, making the piece of land in Akihabara relatively expensive. Over time, as the cost of living in such a prime location increased, it remained uncertain whether KiShin could effectively attract tenants.
What they weren't aware of, however, was Shin's intention to acquire the entire future Electric Town in Akihabara, totaling 300 thousand sqm of land. Shin planned to transform it into a commercial hub, making the area popular. By having other companies rent space or advertise in the Electric Town Akihabara District once it attracted tourists and visitors, Shin aimed to generate income for sustained success.
