Tokyo, 1991: Starting as a bank clerk.

A director of the debt management department.

The staff member from the General Affairs Department who came temporarily to take meeting minutes.

Even the head of the financing department, Kiyomasa Ogaki, came down in person.

The main seat is empty.

That's reserved for the Matsumoto branch manager who might come down later.

The atmosphere was tense.

No one was chatting.

On the table were the two ledgers that Kiryu Yaya had brought back, along with shorthand summaries, blank sticky notes, and several cups of hot tea that had just been brought in but hadn't been touched.

7:03.

The meeting room door was pushed open again.

Keiko Miyazawa has arrived.

She had clearly rushed over; the hem of her beige trench coat was still damp with rain, and the ends of her hair were lightly wet.

A bank teller was following behind her.

Clearly, she was led up directly.

Several pairs of eyes in the conference room fell on her at the same time.

They were taking a look.

There is also prudence.

Masakazu Yamada stood up and pulled out a chair for her that was closer to Kiryu Yaya's side.

"Ms. Miyazawa, please have a seat."

"Thank you."

Keiko Miyazawa bowed her head in greeting, and after sitting down, she glanced at the two ledgers on the table.

Her eyelashes trembled slightly.

Clearly, she understood that since these two books were already in the bank's conference room, it meant that things could no longer be considered "family matters."

Masakazu Yamada spoke first, offering the briefest assessment:

"Ms. Miyazawa, we asked you to come here today because we need to confirm a few things."

"First, is the source of these two sets of accounts credible?"

"Secondly, whether the financial transactions between the Rokko Golf Development and the Miyazawa Tourism Development actually existed."

"Third, how much impact will this have on our bank's existing credit lines, especially on the related 8 billion yuan in debt?"

"Before confirming, let me clarify one point."

He looked at Keiko Miyazawa, his tone becoming more formal:

"From now on, this is no longer ordinary customer communication, nor is it simply an internal matter of the Miyazawa family."

"This is a matter of significant credit risk review for our bank."

Keiko Miyazawa nodded gently.

"I see."

She placed the documents she had brought with her on the table.

Inside were a copy of the letter of appointment, a three-line note left by her father, a summary of the group's organization, and the first batch of summaries of the six documents that she had the finance department send to her study after the briefing this morning.

She took a deep breath, raised her head, and began to speak.

"These two sets of accounts should be genuine."

"The person who delivered the money was Mr. Akio Uesugi, the section chief of the accounting department of the Miyazawa Group. He was one of the few people my father could directly enter his study to report on the finances during his lifetime."

“After his father became seriously ill, he was gradually transferred away from his core position. In the past week, he suddenly took sick leave citing health reasons.”

"This morning, after the briefing at the group headquarters, he asked someone to pass me a note saying that Rokkaku has two sets of accounts."

In the conference room, the recorder's pen began to move rapidly.

Keiko Miyazawa continued:

"My father left a note before he passed away."

"It says three sentences: Do not hand over the bank seal to the original; Re-verify the list of loans in the Rokka case; Do not touch the main family's share guarantee."

As she said this, the expressions of the people on both sides of the conference table changed.

Zongjia Shares.

guarantee.

These words, to bankers, almost naturally carry an alarming connotation.

Section Chief Iwakura immediately asked:

"Ms. Miyazawa, did your father suspect the true extent of the Rokko project's liabilities before his death?"

I think so.

Keiko Miyazawa gave a very steady answer.

"It's just that his health deteriorated too quickly, and we didn't have time to fully investigate the matter."

She pushed the letter of appointment to the center of the table.

"In addition, my uncle, who is also the executive director of Miyazawahara, has been asking me to sign this full letter of appointment since my father passed away."

"The scope of authorization includes accounts, borrowing, guarantees, seal custody, and contract signing."

Kiyomasa Ogaki reached out and flipped through two pages, his expression slightly grim.

"Total authorization is going too far."

"Yes."

Keiko Miyazawa nodded gently.

"Therefore, at this morning's briefing, I requested to see the complete details of the borrowing and guarantee, especially the Rokkyo Golf development."

“My uncle agreed on the surface, but at the same time asked me to personally attend Sumitomo Bank’s explanation regarding the Rokka extension on Wednesday.”

"And made it clear that if my hesitation leads to the failure of the extension and damage to the group's credit, I will bear the responsibility."

After he finished speaking, the meeting room fell silent for a moment.

Anyone could tell.

This is like shoving a pot that's about to explode into her hands.

Yamada Masakazu looked at Kiryu Yaya.

"Kiryu, come and supplement the account book."

"Yes."

Kiryu Yaya flipped open the secret book to several places where sticky notes had already been pasted, and pushed it in front of everyone.

"Currently, we can preliminarily confirm a total of four locations."

"First, the true liabilities of Rokko Golf Development are systematically underestimated."

"This includes short-term loans that have not been recorded, delayed provision for member refunds, and funding gaps that are listed under accounts payable and prepaid construction fees."

"Conservative estimates suggest the amount concealed is over two billion."

"Secondly, the tourism development in Miyazawa is continuously providing financial support to Rokko."

"Moreover, the loss is not only the 1.2 billion publicly disclosed, but also more than 500 million in undisclosed advances, plus interest and extension adjustments."

"Third, the explanatory materials seen by Sumitomo Bank are likely not the complete version."

"At least some of the cross-guarantees, internal loans, and real cash shortfalls recorded in this secret ledger did not appear in the public ledger."

"Fourth, and most crucially..."

Kiryu Yaya's finger touched a page of red pen annotations.

"If Miyazawa Tourism Development continues to absorb Rokko's losses, its own debt repayment ability will be rapidly eroded."

"The Miyazawa tourism development is directly related to the security of our bank's existing 8 billion related claims."

Chapter 54 Gentlemen, prepare for battle!

Tsuyoshi Iwakura immediately interjected:

"You mean this isn't a deterioration in a single project, but rather a risk contagion within the group?"

"Correct."

Kiryu Yaya answered quickly.

"Rokko appears to be a failure of a golf project."