Director Tomoo Kushibiki, JBIC Research Division of Policy and Strategy Office for Financial Operations
Professor Kazuo Ichijo, Dean of the Graduate School of International Corporate Strategy (ICS) at Hitotsubashi University
The Japan Bank for International Cooperation (JBIC) hosted its "Overseas Investment Seminar: Overseas Business Operations by Japanese Manufacturing Companies" on December 18, 2015. From JBIC, Tomoo Kushibiki, Director of the Research Division, Policy and Strategy Office for Financial Operations, presented the results of the FY2015 Survey Report on Overseas Business Operations by Japanese Manufacturing Companies ("Survey Report"), the 27th of an annual survey series that began in 1989. Another presentation was given by Professor Kazuo Ichijo, Dean of the Graduate School of International Corporate Strategy (ICS) at Hitotsubashi University, on "Digital Disruption -Remaining Issues". The seminar was a great success, attracting over 80 attendees.
Following opening remarks by Tomoyuki Ochiai, Deputy Director General of the Policy and Strategy Office for Financial Operations, Kushibiki explained the results of the Survey Report which examined "management challenges to be addressed", "status of overseas M&A and engagement policy", "trends in production repatriation from overseas" and "situations in China and approach to business operations", in addition to the regularly covered topics, "evaluations of overseas business performance", "medium-term business prospects" and "promising countries or regions for overseas business operations."
Professor Ichijo followed with his presentation on the transformation of existing business models driven by rapid digitization, while providing specific case examples. He explained how corporate management should respond to the ever-changing business environment.
He elaborated his presentation by explaining that the impact of digitization has transformed the existing business models of every industry, and that business models, such as Uber and FinTec, which have never existed before are already emerging. He explained the importance, amid such digitization-driven transformation, of creating new business models which are based on accumulated knowledge and analysis gained from actual business fields, as some Japanese retailers have already introduced. He summarized that - in order for a company to create a new business model - the management team and employees must together have a shared belief that they bring benefits to the community by Creating Shared Value (CSV).
JBIC will continue to provide a broad range of information to help Japanese companies expand their overseas business operations.
A view of the seminar