© 2003 IRCJ ． All rights Reserved IRCJ Industrial Revitalization Corporation of Japan November.10th,2003 Professor Dr. Shinjiro Takagi Chairman Industrial.

Slides:

Advertisements

Similar presentations

Chinese Economic Reform Administration Key Factors in Private Placements Recapitalization as a prelude to a Successful IPO Grand Avenue Capital Partners.

Advertisements

Economics Chapter 10 Section 2 & 3 Notes

Economic & Investment Policy: The National Investment Policy of the Bahamas is designed to support an investment friendly climate. It enables private.

MBA (Finance) Project Report Presentation on “TO STUDY THE FINANCIAL SERVICES OF HDFC BANK LTD. IN CHANDRAPUR” Presented by.

Sources of Financing: Debt and Equity If you don’t know who the fool is on the deal, it’s you!...Michael Wolff.

18 years of experience in compliance, risk management, strategic planning, consulting and audit in the financial services industry. Leadership role and.

Corporate Finance Lecture 1. Topics Change of schedule: Change of schedule: –Fridays from 18:30 – 19:50 to 11:00 – 12:20 Practical information about this.

AMEDA Conference Mauritius PRESENTED BY: Monica Singer, CEO DATE: May 2008.

Forms of Business Ownership ~ The Corporation ~ & ~ The Stock Market ~

Money and the Monetary System Outline The definition and functions of money Measuring the money supply Financial institutions The Federal Reserve system.

Welcome Miami Northwestern Bulls! Florida International University State Farm Financial Literacy Lab.

CEP Industry Research Group 2 Hong Kong Financial Regulation and Supervision.

Japanese Financial System at Crossroad

1 Lecture 23: Federal reserve system Mishkin Ch 12 – part A page

State asset management and its institutional framework in Hungary OECD Advisory Group on Privatisation Dr. Péter Székács Hungarian Privatization and State.

Lecture 1: An Overview of Financial Management FINANCIAL MANAGEMENT.

OFFICES: ILLINOIS | IOWA WWW. THEOVERTUREGROUP. COM © Copyright The Overture Group.

Chapter 11.  The board is ultimately responsible for risk management  Oversee strategic risks, operational risks, and financial risks  Many federal.

1 Chapter 18 Issuing Capital and the Investment Banking Process McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Michal Bodlák. Definition  An investment bank is a financial institution that assists: individuals, corporations and governments companies involved in.

1 The Code of Best Practices and the Board of Directors Professor Florencio Lopez-de-Silanes Yale University School of Management International Institute.

CHAPTER 1 Introduction to Corporate Finance 1. Why Study Finance? Marketing Budgets, marketing research, marketing financial products. Accounting Dual.

Lecturer: Chu Mai Linh, M.Sc. LECTURE 1 BANKING AND YOU.

URUGUAY AS AN OFFSHORE CENTER. Why Uruguay? Main Characteristics of Uruguayan Corporations Corporations (SA) Free Zone Corporations (SAZF) Services Provided.

Assessment on Marketing and Enterprise

Agent Alternatives Heartland Financial Services, LLC August 20, 2012.

States and Government Companies Murilo Barella Brasília – 12 Março 2013.

Mordovia with capital city of Saransk is located in the center of the European part of Russia.

CDC’s 7 th Annual Public Meeting Welcome and Opening Remarks Randy Williamson, Chairman 1.

Chapter 4 Federal Reserve System © 2000 John Wiley & Sons, Inc.

Introduction to Business Chapter 6: Sources of Finances.

FUNDAMENTALS OF CORPORATE FINANCE MGF301 Fall 1998 Vigdis Boasson SUNY at Buffalo

Land Bank 2006/7 Annual Report Presentation to the Portfolio Committee 7 November 2007.

Economics & Economic Decision Making The Stock Market Warm Up: Open your notebook and answer: what is an investment?

Chapter 4 Financial Intermediaries and the Banking System Chapter 4.

1. The government fulfills many roles and performs many activities in business. 2.

1 Functioning of Boards of Directors in Romania Prepared by Angela Ionita Vice President - EFM / A company of HKK Partners Senior Investment Officer -

Finance Business function of planning, obtaining, and managing a company’s funds in order to accomplish its objectives effectively and efficiently. THE.

The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 Board Audit and Risk Committee presentation to the Parliament Portfolio.

Country Presentation: Japanese Business and Economy.

1 Generations Bancorp. Inc.. 2 Executive Management Gregory P. Kolton, Chairman, President, CEO 35 years of banking experience President/CEO of CIB Marine.

McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Accounting and the Business Environment Chapter 1.

Supervision of Groups: Case Study

Credit Administrative Work 1 1. Items to be verified in credit handling (1) Why we need credit consultation? (2) Basic items to be verified in credit consultation.

CARDINAL GLASS INDUSTRIES DURANT TIF Founded in Employees 27 Manufacturing Locations Corporate Headquarters Eden Prairie, Minnesota.

The Business Research Company Financial Services.

Careers in Finance. Philip Marrone SMG Class of 2007, Concentration in Finance, Accounting & Entrepreneurship Job Positions: o.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Social Responsibility Government Protection Activities 4-3.

Presented by 1.Tahniyat Sultana Prova Tanvir Ahmed Morium Akhter Sanjida Islam Khan Md.Farhadul Islam

Banking and Financial Institutions

Chapter 15 Debt Financing Copyright ©2012 Pearson Education, Inc. publishing as Prentice Hall 15-1 Sources of Debt Financing.

1 FINC3131 Business Finance Chapter 1: Introduction & overview.

© 2004 IRCJ ． All rights Reserved IRCJ Industrial Revitalization Corporation of Japan Professor Dr. Shinjiro Takagi Chairman Industrial Revitalization.

Managing the Firm’s Finances Chapter 21. Chapter 21 Learning Goals 1.W 1.What roles do finance and the financial manager play in the firm’s overall strategy?

Corporate Governance EMBA Class of Boards of Directors Corporate governance: The processes, policies, and laws that govern an organization (often.

Chapter 17 Accounting for Co-operative Societies.

Qishloq Qurilish Bank INVESTMENT PROPOSAL. In order to fulfill the requirements of the Resolution of the President of the Republic of Uzbekistan №RP-2454.

Government support 31 December 2015 year. 2 TOPIC OF THE PRESENTATION Government support Shareholder Structure Key Highlights  Inter RAO is strategically.

20-1 The Money Supply and Banking Systems Chapter 20.

Government's Role in Business.

Summary of the Investor Protection, Auditor Reform, and Transparency Act of 2002 (Sarbanes-Oxley Act)

Regional Score Card Initiative

Government support 30 September 2016 year.

Corporate Governance and Corporate Finance

Investment Management for Public Pension and Exercise of Voting Rights

Government support 31 March 2017 year.

Investment, Trade & Transport Facilitation

Government support 31 December 2016 year.

Professor Chris droussiotis

Presentation transcript:

© 2003 IRCJ ． All rights Reserved IRCJ Industrial Revitalization Corporation of Japan November.10th,2003 Professor Dr. Shinjiro Takagi Chairman Industrial Revitalization Commission

© 2003 IRCJ ． All rights Reserved 1. Introduction Bubble bust of land prices in Japan Non or poor performing loans (NPLs) Jan,1995 Resolution and Collection Bank (RCB) July,1996 Housing Loan Administration Corporation (HLAC) April,1999 Resolution and Collection Corporation (RCC) April.2003 Industrial Revitalization Corporation of Japan (IRCJ) IRCJ

© 2003 IRCJ ． All rights Reserved Non-Main Banks IRCJIRCJ Entry Exit Indebted Company Main Bank Non-Main Banks Restructuring Plan Revived Company Loan Assets Purchase Sale DES Evaluation Banks New Money Private Equity Fund Investment Banks Strategic Sponsors 2 ． Process of IRCJ IRCJ Non-Main Banks Banks

© 2003 IRCJ ． All rights Reserved 3. Feature of IRCJ IRCJ  The ministers in charge supervise the operation of IRCJ, executives and members of the board of directors and IRCJ Commission are under approval of the ministers.  IRCJ can raise money as much as 10trillion Japanese Yen with government guarantee.  IRCJ must exit within three years after purchasing the loans.  Total lifetime of IRCJ is limited to five years.

© 2003 IRCJ ． All rights Reserved 4. O rganizational Structure IRCJ Compliance Industrial Revitalization Committee Board of Directors Administration Office Supporting Office (Middle) Professional Office (Front-Line) President & CEO Auditors COO General meeting of shareholders

© 2003 IRCJ ． All rights Reserved IRCJ 5. Cases ◆ IRCJ decided to assist eight debtor corporation groups ー Kyushu Sangyo Koutsu (Transportation Company) ー DIA Kensetsu (Condominium developer) ー Mitsui Mining ー Usui Department Store ー Meisei Trading (for chemicals) ー Matsuya Denki (Appliance retail store chain) ー Tsumatsubishi Department Store ー Yagami Trading (for medical supplies) ◆ 50 Candidate Companies

© 2003 IRCJ ． All rights Reserved 6. Points IRCJ  Attitude of Mega Banks  IRCJ’s valuation of collateral  DCF method  DES  No compulsory power  Close Corporation with Bank of Japan and Financial Services Agency

© 2003 IRCJ ． All rights Reserved IRCJ Industrial Revitalization Corporation of Japan Inquiries : Corporate Planning Office (Switchboard) Home Page: