Chapter 620: Once again, fleecing the wool of the island country

Sony Corporation, an electronics company belonging to the Mitsui Financial Group.

When he saw Sony, Xia Yu suddenly thought of Sony's masterpiece, the Walkman, which was released in the second half of 1979 and led the world trend, making the Walkman Sony's trump card product. It was developed for generations and sold 250 million units in just 20 years, generating direct revenue of tens of billions of dollars and driving the development of related industry chains. It continued to generate profits for Sony well into the 21st century.

It can be said to be Sony's evergreen product.

Xia Yu was only disappointed that it seemed Sony was about to release the product to the public, and it was too late for him to acquire it. After all, Sony was a company under the Mitsui Group, and compared to ordinary companies, it would be several times more difficult to acquire.

Even if he didn't acquire it, it was already too late to try to steal the idea and develop it himself.

After all, even if he knows the principle of the Walkman, he still needs a supporting factory, plus product design, manufacturing, promotion, etc., which will take at least half a year.

By the time he has developed it, Sony will have already released the first generation of the first Walkman.

Such a big gold mine has been overlooked.

But then, when he thinks about it, as a reborn person, there are countless opportunities in the modern era, and he has been too busy grasping opportunities that are even more valuable than the Sony Walkman to pay attention to this.

But now that he's remembered, he definitely can't ignore it. There's no way he can hog the opportunity all by himself; he has to get a bite of the action.

He has already registered Tiangong Group and Tiangong Electronics Co., Ltd., and will definitely enter the Walkman sector to grab a share of the action in the future, not only for the money, but also to accumulate industry experience and lay the groundwork for the future prospects of industries with unlimited potential, such as semiconductors, mobile phones, and computers.

Tiangong Electronics' future goal is to make Sony beg for mercy.

But now, after the release of the Sony Walkman, this epoch-making product will cause a craze just like in history, and Sony's stock price will skyrocket. We have to hurry and buy some shares on the secondary market to go long on Sony and make a huge profit.

Thinking about this, Xia Yu immediately put down the checklist and instructed Wang Qi, 'Wang Qi, order the island branch to go long on Sony with ten times leverage. I've got secret intelligence that Sony is about to release a blockbuster product that will have a huge impact.'

'Be quick!'

Wang Qi was shocked, and without doubting him, he immediately nodded and said, 'Understood, I will give the order right away.'

Seeing Wang Qi's attention, Xia Yu felt relieved. He nodded slightly and continued, 'You also notify Fukuhara Kazuya and ask him to help, and the Jiuding Yonghe Fund Company to go long on Sony together.'

'I have looked at the investment situation of Jiuding Yonghe Fund Company. Although there are many bright spots, there is a lack of shocking investment projects. This will prevent Kazuya Fukuhara from looking down on it. Let's invest in this project together.'

After all, Jiuding Yonghe Fund Company also has half of the equity belonging to Jiuding Securities Company, and if they make money, half of it will go to Xia Yu.

Moreover, the Sony pie is too big for Jiuding Securities to eat all of it. Calling in Jiuding Yonghe Fund Management Company will have little impact. Let Kazuya Fukuhara see the strength of Jiuding Securities again, and the value of the good influence in the future will be even higher.

'Okay, I will notify everyone in place.'

Wang Qi solemnly replied.

After talking about Sony, Xia Yu went on to talk about the acquisition of Sega. Wang Qi listened carefully and immediately implemented it after Xia Yu left.

After talking to Wang Qi, Kazuya Fukuhara immediately became very interested in Sony. After the head of the island nation's Jiuding Securities Company came knocking on his door, he immediately agreed to a leveraged financing application with ten times the leverage, and Jiuding Securities and Jiuding Yonghe Fund quickly acquired Sony shares on the secondary market together.

At the same time, Kazuya Fukuhara personally went to Sharp to acquire Sega's equity.

Sure enough, as soon as July began, on the second day of the month, Sony solemnly held a press conference in Tokyo, where Akio Morita personally introduced the various functions of Sony's new product, the Walkman. With extensive media coverage, the Walkman quickly spread throughout the island country. Its various unique functions attracted the interest of young people, and it received high praise from many media outlets. Even the Yomiuri Shimbun, the island country's most influential and best-selling newspaper, gave it the superlative evaluation of an 'epoch-making' product.

Thanks to this good news, Sony's stock price began to skyrocket, closing 13.2% higher than the opening price.

The island's Jiuding Securities Company invested 4.2 billion yen, leveraged ten times, for a total of 42 billion yen, heavily long on Sony, acquiring more than 30 million shares of Sony stock from the secondary market, accounting for 2.43% of the total share capital.

In one day, the floating profit was as high as 5.54 billion yen, equivalent to 120 million Hong Kong dollars.

Afterwards, as the Sony Walkman continued to gain momentum, with record sales every day, major investment companies successively raised their stock valuations for Sony, and Sony's stock price continued to rise.

Capital poured into Sony, further pushing up the company's stock price.

In ten days, Sony's stock price had risen 42.4%, before gradually stabilising.

After consulting Xia Yu, Jiuding Securities gave up future profit margins and sold all of its Sony stock.

Since Sony's stock price was still rising significantly, the 30 million shares that were put on the market were quickly taken over by other companies.

After deducting the handling fees, Jiuding Securities made a profit of 400 million Hong Kong dollars from this short-term investment.

By piggybacking on Sony's success, Xia Yu had a big bite of the meat.

Jiuding Yonghe Fund Company also made a profit of 300 million Hong Kong dollars, and Kazuya Fukuhara was once again glad to have cooperated with Xia Yu. Anxiously wanting to increase his own weight, he attacked Sharp Corporation, and after another three days, he helped Xia Yu acquire Sharp Corporation's 12% stake in Sega for 4.5 million US dollars.

After Jiuding Securities Company on the island made a profit, the funds continued to be invested in the island's foreign exchange market, and according to Xia Yu's instructions, the yen was shorted.

After going long on the yen at the end of last year, Xia Yu knew that the yen would depreciate again, from a peak of 195 points USD/JPY at the end of 1978 to a trough of 250 points USD/JPY at the beginning of 1980.

In 1978, the yen appreciated from 241 points to 195 points, because of the United States.

The reason for the yen's depreciation this time is also because of the United States.

Iran triggered the oil crisis, which made inflation in the United States worse. The Federal Reserve controlled interest rates, increased the money supply to reduce inflation, and forced the US dollar to appreciate.

So just as the yen had climbed to the top, it plummeted like a roller coaster. In half a year, it fell from a peak of 195 points to the current 217 points.

The island nation is tied to the United States on a leash, and it's just so sad.

But this is just right. The island nation's Jiuding Securities Company has leveraged huge amounts of capital into the island nation's foreign exchange market, and its current floating profit has reached as much as 1.7 billion U.S. dollars.

As long as it endures until the beginning of 1980, after the delivery is complete, Xia Yu will reap billions of dollars in profits again.

This time, Xia Yu will plunder the island country's wool again, following 1978.