Cases involving the outflow of approximately ¥30 billion in funds from the M&A industry have emerged one after another. The series of events surrounding the acquisition of ミュゼプラチナム, which is said to have been involved in 船井電機's bankruptcy, is described in detail.
This book examines M&A acquisitions and the movement of funds. Its central focus is the claim that cash outflows accelerated sharply after the acquisition of 船井電機 and Ueda Tomokazu (上田智一) became its president.
The history of 船井電機 introduced in Chapter 1 states that Ueda Tomokazu (上田智一) became president of 船井電機 in June 2022, after 秀和システム acquired the company for approximately ¥21 billion. It is said that approximately ¥30 billion flowed out over the following 2-odd years, ultimately leading to bankruptcy.
The acquisition of ミュゼプラチナム is cited as the trigger for the bankruptcy. Ueda Tomokazu (上田智一) acquired the company for ¥3.3 billion in April 2023, after which ミュゼプラチナム sought funding from 船井電機. 船井電機 is said to have transferred approximately ¥3 billion.
This funding became a significant burden, and in March 2024 Ueda Tomokazu (上田智一) sold ミュゼプラチナム for ¥1 million to the Japanese subsidiary of a Hong Kong-affiliated company. The book describes this as having occurred approximately 7 months after 船井電機's bankruptcy.
The article also touches on conditions in an industry that attracts people looking to make money through the fee structures of M&A advisory firms.