Reborn Xiangjiang as a Tycoon

Chapter 376 1978 Corporate Annual Report (1)

At night, in the study room of the villa.

Lin Baicheng was looking at the 1978 annual reports of his companies in the United States and Japan. The annual reports of the companies in Hong Kong had not yet been completed.

The first is the companies in Japan. Lin Baicheng has three companies there, namely Bailong Commercial Co., Ltd., Zhiyin Comic Publishing Co., Ltd. and Baihuifeng Co., Ltd.

Among the three companies, only Zhiyin Comics Publishing Company is solely controlled by Lin Baicheng. At that time, it cost 42 million Hong Kong dollars to acquire the company, and then injected 58 million Hong Kong dollars into the company's development, and later injected another 50 million Hong Kong dollars to expand the company's channels.

The total investment is HK$150 million.

The performance of Zhiyin Comics in 1978 was quite good, not only because the three comics with Lin Baicheng's creative ideas had good results, but also because the sales network was expanded due to its own channels and expansion, and profits increased. Net profit increased by about 38% compared to last year.

.

This is because the channel was constantly expanding in 1978 and has not stabilized. Although the channel will continue to expand in 1979, the overall shape has been taken shape. As long as there are outstanding comic works, the company will be able to make more profits, and the profit will increase.

It will only be higher.

Of course, due to the continuous expansion of self-owned stores and channels, Zhiyin Comics as a whole is still unable to make ends meet, which is reflected in the statement that it lost money in 1978. Although a company must pay taxes as long as it has business income, the capital invested can be tax deducted, so

After going through a series of tax avoidance methods, all it takes is a small amount of tax.

Fortunately, the development of Zhiyin Comics has been on the right track. Lin Baicheng does not need to inject capital into the company in the future. As long as the company's profits are not extracted, the profits will be enough to grow the company and be self-sufficient.

Then there is Bai Huifeng Co., Ltd. This company is jointly invested by Lin Baicheng, Iwasaki Mineryu and Yamaguchi Momoe. Among them, Lin Baicheng and Iwasaki Mineryu hold 40% of the shares respectively, and Yamaguchi Momoe holds 20%. The total investment of the three people is

20 million Hong Kong dollars means that Lin Baicheng only invested 8 million Hong Kong dollars.

Don't look at the assets of only 20 million Hong Kong dollars, but converted into Japanese yen, it is 1 billion yen. In Japan's film and television entertainment industry, it is not considered a small company.

Because Bai Huifeng Co., Ltd. was established not long ago, after the company was established, it signed several artists and prepared to start shooting a movie. Yamaguchi Momoe will be the heroine. At the same time, Iwasaki Mineryu communicated with Columbia Sony Records through connections.

, see if we can buy Yamaguchi Momoe’s artist contract and transfer the contract to the company.

Yamaguchi Momoe is a popular singer, Bai Huifeng Co., Ltd. can make money through Yamaguchi Momoe, and Yamaguchi Momoe can also use the resources of her own company to better develop herself, and at the same time, she can have more freedom.

In general, Baihuifeng Co., Ltd. currently only has some expenses and no income. The company has just developed and the investment is small, so Lin Baicheng just looked at it briefly and skipped it.

Finally, there is Bailong Commercial Co., Ltd. This company was founded by Lin Baicheng and Iwasaki Mineryu in January.

At that time, the two of them invested US$50 million each, with Lin Baicheng holding 51% of the shares and Iwasaki Mineryu holding 49%. Later, because they made a lot of money by doing long Hutchison Whampoa, they each invested another 5,000 US dollars in the company.

US$10,000, equivalent to US$100 million each invested by Lin Baicheng and Mineryu Iwasaki in this company.

Bailong Commercial Co., Ltd. has invested the most and currently has the highest total asset value.

Among them is the investment aspect. I initially used a principal of US$10 million to be long gold futures. Now the principal of US$10 million has become US$106.5 million, and I have raised US$500 million to be long gold futures, with a cost price of US$200.3 per ounce.

Today, the international gold price is fluctuating around US$230 per ounce, with a profit of more than US$70 million. It can be said that the initial investment of US$10 million has doubled more than ten times.

Bailong Commercial Co., Ltd. is mainly engaged in real estate business, land acquisition and development. Currently, the company has acquired a total of seven pieces of land, and spent a total of US$115 million on the land plus public relations expenses.

Two of these pieces of land are already under development, and the rest is currently being held until the existing land is developed before being developed. At the same time, the company will continue to acquire land and hoard some land on hand.

Currently, Bailong Commercial Co., Ltd. has sufficient funds. The company uses its own funds to purchase the land. The company provides part of the funds for development, and most of the remaining funds go to bank loans. This is what almost all real estate companies do.

After Baihuifeng Co., Ltd. has almost used up the funds, it will choose to use the land it holds to get a loan from a bank, use the funds obtained from the loan to purchase the land, and then mortgage the new land to the bank for a loan.

Loan funds to purchase land.

Although it is impossible to obtain 10% of the loan funds by mortgaging the land to the bank, with Iwasaki Mineryu's relationship, it is still no problem to obtain about 70% to 80% of the loan. In this way, Lin Baicheng and Iwasaki Mineryu no longer have to go through this process.

A company invests, but the company can hold a large amount of land.

Of course, operating with such an over-debt ratio is still very risky. Once land prices and house prices fall, banks will choose to demand loans from real estate companies. If the loans are not repaid by then, banks will choose to auction the land to repay the money.

, if the company fails, it will go bankrupt.

Fortunately, Lin Baicheng is not worried about this kind of thing, because he knows very well how crazy Japan's real estate bubble was in the 1980s. Land prices and housing prices will inevitably rise dramatically in the mid-to-late 1980s. Even if there is a small wave of decline in the previous few years, he is not afraid, at most

At that time, he and Iwasaki Mineryu will inject capital into the company together.

As long as they have money and operate in this way, Bailong Commercial Club will hold a large amount of land and real estate properties. When the real estate bubble appears, Lin Baicheng will definitely make a lot of money, at least billions of dollars in profits.

There are still some.

At present, Bailong Commercial Co., Ltd. is in the process of continuous investment and construction, and has not yet seen profits, so it does not need to pay taxes. The investment in gold futures has made the company a lot of money, but the taxes have already been paid on the profits, so there is no need to pay taxes.

Submit it again.

Of the three companies in Japan, except Baihuifeng Co., Ltd. Lin Baicheng did not have many expectations. Bailong Commercial Co., Ltd. and Lin Baicheng wanted to make a fortune through the real estate bubble in the 1980s, so before that this company basically

If it can't bring him any profit, he can afford to wait.

Zhiyin Comics Publishing Company, this company, Lin Baicheng values ​​​​the development of the Japanese comics industry. This is a company that needs to be run well in the long term. He has not thought about how much money he can make from this company in the short term. He will only use the existing profits.

Allow this company to expand.

In any case, after reading the 1978 annual report, Lin Baicheng was quite satisfied with the development speed of Bailong Commercial Club and Zhiyin Comic Publishing Company in 1978.

[Thank you to ‘The Boy Who Loves Reading Historical Novels’ for your huge 700-point reward and support! 】

(End of chapter)