Bodies and Structures 2.0: Deep-Mapping Modern East Asian History

Stock and Bond Offerings

One of the most important methods of encouraging franchise managers to work towards company aims was the encouragement of stock and debt offerings in the company.  This aligned the interests of management and labor, co-opting workers to become micro-owners in the company, and also helped to increase the company's overall capital.  Because the cheapest share price was fifty yen -- quite an expensive sum for that time -- the company allowed chain store owners to pay only one-fourth of the price up front, with the remainder to be collected later.  They offered enticing dividends to lure chain store owners to buy shares: between 1911 and 1917, dividends increased from 8 percent to 15 percent, and from 1917 to 1923, they ranged from 20 percent and 30 percent (Hoshi Seiyaku Kabushiki Kaisha 1923, 5).


This page is referenced by: