On June 17, 2021, we held the first study session for the "Consortium for Promoting Overseas Expansion of Mid-sized and Small Enterprises" (Secretariat: KCP, click here for details) targeting regional banks, second-tier regional banks, and credit unions.
In the first study session, we had Mr. Junichi Hatakeyama from the Tohoku Bureau of Economy, Trade and Industry of the Ministry of Economy, Trade and Industry, who was the implementing agency for the survey project we commissioned, "Survey on the Actual Conditions Aimed at Improving the Management Capabilities of Overseas Local Corporations" (click here for details). A total of 60 participants attended, including representatives from 15 financial institutions.
Below is an overview:
Lecture by Mr. Junichi Hatakeyama of the Tohoku Bureau of Economy, Trade and Industry: "Towards Improving the Management Capability of Overseas Local Corporations"
One of the summaries of the "Survey on Improving the Management Capability of Overseas Local Corporations" is that strengthening the support functions of support organizations based in the local area, including the financial institutions participating in this meeting, is essential for improving the overseas business management capability of mid-sized and small enterprises.
For Japan, where domestic demand and the labor force are decreasing, the importance of incorporating overseas demand of mid-sized and small enterprises is increasing. Considering the environment surrounding the local corporations of mid-sized and small enterprises, having a perspective of "clarifying the necessary management resources" and "selecting the optimal methods to acquire them," and implementing three initiatives: introducing external resources, strengthening internal resources, and maintaining management resources, are useful.
In promoting these initiatives, there are stages where support is needed for mid-sized and small enterprises. It is expected that this consortium, which has established a local network through support organizations with bases overseas, will develop into a platform that supports business reorganization.
Lecture by our representative, Mr. Kusumoto: "Business Strategies in the Post-Coronavirus Era"
I believe regional banks and credit unions are "treasures". This is because they have a very strong relationship and network with local mid-sized and small enterprises. It is a significant strength that they can push companies towards considering business development overseas by providing support from various aspects such as financing, advice, and subsequent post-merger integration (PMI).
In the future, I would like regional banks and credit unions to provide advice to mid-sized and small enterprises on acquiring business growth opportunities. The method for this is collaboration with local partners based on capital alliances. This is because by investing together, we can share a common goal of maximizing profits. Let's make sure to meet with the owners of local businesses thoroughly alongside our clients. Then, let's find business opportunities through information exchange.
Everyone is a "comrade" in creating businesses together with clients. Let's support the overseas expansion of mid-sized and small enterprises together with us.
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