Tokyo: Rabbit Police and Her Evil Partner

Chapter 543 Risk Sharing
Hiring people is just a side hustle; it's better if someone helps, then he can be a hands-off manager; but it's also fine if no one helps, since he's not incapable of doing things himself.

Fushimi Shika brought Goto Shunsuke back to the company, painstakingly created a PowerPoint presentation using an old-fashioned Word document, printed it out, and planned to use it to make empty promises.

He personally believes that the real purpose of PowerPoint is to make empty promises.

Either the employee is making empty promises to the boss, or the boss is making empty promises to the employee, or the service provider is making empty promises to the client... Only a fool would believe that.

These days, this kind of thing isn't popular. I bet most companies have never even seen it before. It's perfect for impressing people.

Many smart people simply take a business plan, go around seeking angel investment, and eventually succeed in starting their own businesses and become rich overnight. This shows the importance of making empty promises.

Goto Shunsuke peeked from the side, and after Fushimi Shika printed out the document, he couldn't help but flip through a couple more pages and whispered, "..."

"Is this... feasible?"

Fushimi Shika turned and glanced at him sideways: "It's not like it's your money, so it doesn't matter whether it works or not, right?"

Goto Shunsuke scratched his head. That was true. It wasn't his own money anyway, so he didn't care how he squandered it. It was just a bit unethical...

Then he realized a small problem: "Who should I ask for investment?"

Fushimi Shika did not answer, but led Goto Shunsuke out, ostensibly to run some business, leaving Kazama Takusai to continue looking after the company.

Goto Shunsuke soon found out who Fushimi Shika was planning to extort money from.

They took the elevator to the Inagawa-kai office in Ikebukuro. As soon as the elevator doors opened, a row of yakuza members sat in the hallway, smoking, playing cards, and guarding the entire floor.

Goto Shunsuke held his briefcase, silent, looking almost like a living person on the verge of death.

Fushimi Shika led the way, passing through the middle, occasionally kicking the feet of the yakuza members impatiently, telling them to move the table to the side, as the aisle was too narrow for anyone to squeeze through.

Goto Shunsuke was terrified. He took a deep breath, braced himself, and hurriedly followed behind Fushimi Shika, whispering, "You're not planning to swindle money from the yakuza, are you? This... this isn't just about going to jail! If you lose money, they might even rip out your internal organs to pay you back!"

Fushimi Shika reiterated, "I'm a police officer, it's not like they're gutting me, so whether I lose out or not doesn't matter, right?"

He has a slightly wicked sense of humor and enjoys teasing people like Goto Shunsuke.

Goto Shunsuke was taken aback for a moment, but quickly realized—oh right, the president is a detective! Even if he lost money, the yakuza wouldn't dare to do anything to him, right?

what about me?
I'm just a powerless accountant, will I be targeted by the mafia?

That said, what does the president mean by that? What does "it's not like they're taking my organs" mean? Are they planning to use my organs to pay off the debt after losing money...?

Goto Shunsuke became increasingly frightened as he thought about it; his face turned pale, and his legs trembled as he walked.

Fushimi Shika acted as if nothing had happened and went into the Inagawa-kai office.

Since Kazama Senhime caused trouble last time, the office has been renovated, and all the windows have been fitted with security bars, making it look stuffy and gloomy, which is depressing.

Gen Satake had received a call from Shika Fushimi beforehand, so he canceled an unimportant meeting and waited in his office. His eyesight was better, but his legs were still not very mobile, so he simply sat on the sofa to rest.

As soon as Goto Shunsuke entered, he saw a big shot sitting on the sofa. The big shot didn't even stand up when he came in, and his imposing manner made Goto Shunsuke even more afraid.

Fushimi Shika acted as if he were in his own home, making no attempt to be polite with Satake Gen. He casually found a place to sit down and said:

"I feel very bad that you have taken care of me during this time, but I have only received a salary and have not done any work."

Gen Satake can no longer smoke or drink alcohol, so he can only serve tea to his guests. However, he doesn't actually like drinking tea; he just thinks it looks more sophisticated. Now that Shika Fushimi is no longer an outsider, he's not so particular and simply took three bottles of yogurt from the small refrigerator next to him.

He handed Fushimi Shika a bottle and casually asked, "So, you're planning to come work here? That's perfect. I have a lot of legal disputes going on here. One of my brothers got arrested recently. See if you can help me out..."

Fushimi Shika casually took the yogurt, unscrewed the cap, and took a sip. It tasted good—rich, flavorful, and sweet and sour. It wasn't the cheap stuff from the store; that kind of yogurt was just a regular beverage, not a dairy product. The bottle Satake Gen gave him, however, was genuinely fermented, giving it a unique flavor.

He licked the milk foam from his upper lip and said, "Forget about those odd jobs. I came to you because I have a big job that's more useful than handling a hundred legal disputes."

Satake Gen didn't believe it, thinking Fushimi Shika was up to no good. He handed another bottle of drink to Goto Shunsuke and asked, "Who are you?"

Goto Shunsuke accepted the document with utmost respect, still too afraid to sit down, and could only stand diligently to the side: "Hello, I'm the newly hired accountant, nice to meet you..."

Gen Satake was taken aback and looked at Shika Fushimi: "How much money have you made? You even hired an accountant?"

Fushimi Shika smiled mysteriously, pulled a proposal from Goto Shunsuke's briefcase, and handed it to Satake Gen. The latter, while drinking yogurt, flipped through it, and as he read, his expression changed.

"I don't quite understand it," Gen Satake said honestly.

Fushimi Shika wanted to make it incomprehensible to him, so that he would appear very professional and profound, just like the internet slang of later generations, which is essentially designed to fool laymen.

He put down the yogurt, interlaced his fingers, and explained in detail: "Essentially, it's about reselling non-performing assets to foreign capital..."

“I have already chosen my target company. Tokyo Construction Industry Co., Ltd. is a good choice. It is a typical small and medium-sized construction company. It was founded in 1978 and mainly engages in the construction and leasing of office buildings. Now it is gradually falling behind the times.”

"In 1989, the company borrowed 500 million yen from Sumitomo Bank to purchase a 1200-square-meter plot of land and an office building in Shinagawa Ward, Tokyo, using the land and building as collateral. The annual interest rate was 7.2%, and the term was 10 years. Now, due to the 61% plunge in Tokyo land prices, the valuation of the office building has shrunk from 12 billion yen during the bubble period to 800 million yen, causing the company's cash flow to break down. It has not paid loan interest for three consecutive months, resulting in non-performing loans."

"The creditor is Sumitomo Bank, whose non-performing loan ratio in the construction industry has reached 4.8%. Impacted by the bankruptcy of Sanwa Credit Cooperative, they urgently need to divest risky assets to meet regulatory requirements. The book value of this debt is 5 million yen, with accumulated overdue penalties of 2300 million yen. The recovery rate should not exceed 30%... What we need to do is buy this debt from them at a low price."

Fushimi Shika clenched his fist, then released it, and continued in a seductive tone, "As you know, foreign capital is very interested in land debt..."

That's the face of a complete traitor; he says these things without any remorse.

Satake Gen interrupted, "Where did you get this data from?"

Fushimi Shika couldn't very well say that he copied and pasted from an economic newspaper, so he could only lie and say that he also had connections in the Financial Services Agency and could obtain some detailed data through internal channels.

Satake Gen was skeptical, gesturing for Fushimi Shika to continue: "What about the buyer? What if they buy it but can't resell it? Wouldn't that leave them stuck with it?"

“No way,” Fushimi Shika shook his head repeatedly, looking confident. “Have you heard of East Asia Renaissance Capital?” Satake Gen shook his head. He wasn’t really good at business and had been forced into it. Currently, the Inagawa-kai’s main income came from gray and black markets, and it would be a long and arduous road to clean up its image.

Fushimi Shika continued, "The company was established as a joint venture between a Hong Kong offshore company and a local Tokyo law firm. On the surface, the Japanese partner holds 51% of the shares, but in reality, it is controlled by a US hedge fund to circumvent the Anti-Monopoly Law's restrictions on foreign acquisition of more than 10% of debt."

He had dealt with this company in his previous life. It was a large multinational corporation that not only acquired debt in Japan but also in China, holding controlling stakes and acquiring assets everywhere, and monopolizing through shell companies.

Not only in Japan, but in East Asia in 1991, banks were still in the early stages of dealing with non-performing loans and lacked professional institutions. Many foreign investors used covert structures to acquire debt at low prices, thereby invading other countries' markets and manipulating corporate and financial capital.

Fushimi Shika was 100% certain that this multinational corporation would never let go of this lucrative opportunity.

He had already thought out the specific implementation details: "First, through a search of the Legal Affairs Bureau's 'Real Estate Register Transcript,' we will confirm that there are no other priority claims on the mortgaged property, and that it has the highest priority in the order of claim."

"Secondly, they offered to acquire the debt at 20% of its face value, or 1 million yen, using 'full cash payment + settlement within 72 hours' as leverage. Given the current market liquidity crunch, the price of these non-performing loans will be driven to rock bottom if they are to be quickly liquidated."

"Remember, they begged us to buy, not that we had no choice but to buy."

"Next, a 'Debt Assignment Agreement' was signed, stipulating that a penalty of 5 million yen would be paid if registration was not completed within 500 days. An 'Application for Debt Assignment Registration' was submitted, including identification documents of both parties, the original loan agreement, and the assignment agreement, and registration tax was paid to the Legal Affairs Bureau."

"Finally, we obtained the 'Certificate of Registration of Debt Transfer' and became the legal creditor. Simultaneously, we signed a 'Letter of Intent for Debt Resale' with Goldman Sachs' Tokyo branch, with a base price of 3 million yen. If the price can be increased, we will do so."

Fushimi Shika twisted and turned his fingers, as if grasping at unseen money: "Just like that, with each transaction, there's a profit of 200 million. If you're fast enough, you can get the money back in a week..."

He paused, then said with a half-smile, "Isn't it more profitable than running a casino and selling heroin?"

Gen Satake was indeed tempted. It was 200 million yen, and it was legitimate money that didn't need to be laundered. He couldn't help but be envious.

In the past, let alone two hundred million, even if a billion were placed in front of him, Satake Gen wouldn't have blinked an eye.

But now everyone in the Inagawa-kai is counting on him for their livelihood, and Ishii Takamasa is a guy who doesn't care about anything. Every day, the moment he opens his eyes, he's thinking about where to make money.

The Sumiyoshi Association is pressing them relentlessly, and the Metropolitan Police Department is constantly cracking down on organized crime, claiming they want to whitewash their image, but after half a year of effort, they're still in the same mess. If something happens to their subordinates, they'll have to pay severance pay and bribe police stations... Where will the money come from?

The only solution is to open source it!

There's now a way to make money by starting a company, with a profit of 200 million yen a week, and Gen Satake can't remain indifferent to it.

Fortunately, he remained rational and asked, "Isn't this illegal?"

Fushimi Shika smiled enigmatically: "It will be illegal in a few years. Not many people are doing it now. It just depends on whether you dare to be the first to try it."

After a moment's hesitation, Satake Gen put down the proposal: "Let me think about it for a while."

Without a word, Fushimi Shika put away the plan, stood up and said, "Then I'll go find someone else."

Satake Gen grabbed Fushimi Shika with a light touch, but Fushimi Shika stopped. He looked up and asked, "Tell me the truth, have you been short of money lately?"

Fushimi Shika was silent for a moment, then said honestly, "That's true. I've been thinking of buying a house recently, but I don't have enough money."

Satake Gen gestured for him to sit down and said, "This is your idea, your plan. I can't just put money in and steal your business, can I?"

As he spoke, he bent down and pulled out a loan agreement from under the coffee table: "How about this, if Mr. Fushimi is short of principal, I have a loan business here... We're all old acquaintances, so I won't charge you interest. I'll lend you 50 million yen in one go, and I'll also contribute 50 million yen. We'll pool our money and split the profits 50/50, how about that?"

Fushimi Shika understood; Satake Gen was planning to share the risk and bring him on board.

He's a civil servant, so he can't be a deadbeat or collude with a third party to defraud people. Furthermore, he won't actually receive the 50 million yen, so there's no possibility of him absconding with the money.

Even if this deal goes wrong, Satake Gen can still find a way to get his 50 million yen principal back from him.

Fushimi Shika knew perfectly well that if he didn't sign, the deal would definitely fall through, and Satake Gen would never feel at ease. To give his business partner some confidence, Fushimi Shika thought for a moment, then decided to take the plunge and sign the loan agreement.

The two smiled at each other, shook hands, and that was it—an agreement had been reached.

……

While Fushimi Shika was busy making money, Minamoto Tamako was at home watching a recorded TV drama.

She was engrossed in watching when the famous detective, having gathered all the clues and assembled everyone at the crime scene, suddenly pointed and said, "You are the real culprit," before slowly recounting his reasoning process...

Just then, there was a loud banging on the living room door; someone was knocking from the outside.

The advantage of watching videotapes is that you can pause them at any time. Minamoto Tamako pressed the pause button, feeling very anxious, wondering who would come to bother her at this time... If it were Fushimi-kun, he would just open the door with his key and come in.

"Come, come, who is it?"

When Yuan Yuzi opened the door, she was almost blinded by the light.

A group of reporters stood outside the door, their cameras like long lenses, pointed at her face, shutters clicking and flashes going off constantly.

The reporters asked a series of questions:

"Detective Yuan, what are your thoughts on the case of Mutsuko Sakai murdering her husband?"

"Detective Yuan, did you help the suspect because you are also a woman?"

Is Detective Minamoto also a feminist? What are your thoughts on Mutsuko Sakai's sentencing?

……

Genji had to cover her eyes, and asked in a daze, "Huh?! What's going on?!"

(End of this chapter)