Asia Case Research Centre, The University of Hong Kong
(2008)
Length:
13 pages
Data source:
Published sources
Abstract:
8 December 2005 was a very special day for J-Com Co Ltd's as this was the day the company would be listed on the Tokyo Stock Exchange (TSE). However, when a sell order for more than 40 times the firm's outstanding shares was placed by Mizuho Securities, the exchange was thrown into turmoil. Before the end of the day, Mizuho Sec suffered losses of at least 27 billion yen following an input order for the sale of one share for 610,000 yen which was accidentally entered as 610,000 shares for 1 yen each. What steps should J-Com President, Yasuhiko Okamoto, take in light of the events? How should the TSE, Mizuho Sec and the other brokerages react? The real crux of this case is managerial decision making and the value of good leadership when something unexpected happens.
