Month: December 2024

TSE is trying to improve its growth market performance

https://www.jpx.co.jp/english/equities/follow-up/b5b4pj000004yqcc-att/dh3otn000000mgt6.pdf The Tokyo Stock Exchange’s Listing Department outlined future measures for the Growth Market on December 10, 2024 (their presentation attached). The focus is on enhancing market functionality by promoting stricter listing criteria, encouraging mergers and acquisitions (M&A) among growing companies, and fostering core companies that represent Japan. The measures aim to ensure companies achieve …

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Toyo Tire (5105): 15.5x ROE + OP CAGR last 10 years (inc. Covid/supply chain issues) at 5.5% + 6x PE + Dividend Yield 4.6%

Toyo Tire has underperformed Topix for the last 12 months: Topix + 17% vs. Toyo -1%. Then, why am I discussing Toyo Tire now? I have always liked the Japanese tire industry, which is often cast in a negative light due to its association with the Japanese auto industry. Japanese automakers are currently experiencing a …

Toyo Tire (5105): 15.5x ROE + OP CAGR last 10 years (inc. Covid/supply chain issues) at 5.5% + 6x PE + Dividend Yield 4.6% Read More »