Month: June 2024

Starts Publishing Corporation (7849): Growing operating profits by 43% via selling books!

Starts Publishing has experienced a fivefold increase in book sales compared to 2016, with a consistent rise in sales outside the Covid-period. The company reported a significant operating profit growth of 43% year-over-year in FY12/23, achieving an operating margin of 27.3%—the highest in the Japanese publishing industry. Additionally, the company boasts ROE of 23% and …

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Ahresty Corporation (5852): Data Center and EV benefits with P/E of 8.9x, P/B at 0.33x and a dividend yield of 4%

Ahresty Corporation, with its 80-year legacy in die casting equipment manufacturing, has traditionally been valued at low multiples for good reasons: its fluctuating sales tied to the ebbs and flows of Japanese automakers, modest profit margins, and sporadic substantial asset impairment charges.   Nonetheless, the post-pandemic era brought a stabilization of automotive supply chains, leading …

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Yamami Company(2820) – Innovating Tradition: The Fusion of Tofu and Tech in a static industry

Summary: Yamami Co., founded in 1975 and headquartered in Hiroshima, Japan specializes in the manufacture and sale of tofu and related products, with a recent focus on automation to modernize the ancient craft. Yamami’s two-decade-long commitment to automation has indeed carved out a significant cost advantage for the company. This strategic move has positioned them …

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