Month: July 2025

Kanro (2216 JP): Not Riding AI Wave, but Solid Earnings Spark Investor Confidence

Kanro, a ¥84.3B market cap Japanese confectioner, rose 6% on July 30 after releasing its 1H FY12/25 results that handily beat company guidance. The main driver was a significant outperformance in operating profit—up 24.5% over guidance. Sales: ¥16,725M (+2.6% vs. guidance, +7.5% y/y) Operating Profit: ¥2,664M (+24.5% vs. guidance, +13.7% y/y) Net Profit: ¥1,874M (+23.3% …

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Musashi Seimitsu 7220: Hidden but Large AI/Data Center Prospect with steady sales stream from ICE Opportunities and EV Expansion

Musashi is positioned across multiple growth pillars: a narrower yet resilient ICE segment, an expanding EV footprint, and an emerging Data Center opportunity.   While this report focuses on HSC/the Data Center growth trajectory, it’s important to highlight that the company maintains a sustainable edge in its core auto parts business. Differentiation factors such as …

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Profiting from Japan’s Parent-Subsidiary Delisting Wave

In February 2025, the Tokyo Stock Exchange (TSE) issued a statement titled “Investor Perspectives on Parent-Subsidiary Listings,” signaling a clear shift toward discouraging—and ultimately abolishing—these governance structures. The move aligns with growing shareholder unrest, particularly in cases where buyouts are perceived as undervalued. Toyota’s tender offer to Toyota Industries is a prime example. Offered at …

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SRA Holdings 3817: A 58-Year-Old Independent SIer with Steady Operating Margin Growth: Is the Low-Code/No-Code Threat Overblown?

The Japanese IT sector continues to expand, driving sales across the industry. Yet, the momentum behind digital transformation (DX) will eventually stabilize. My discussion with SRA management centered on evaluating their defensible business model—specifically, how SRA plans to sustain its relevance as low-code/no-code development gains traction. I’d be happy to share my detailed report analyzing …

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Yuka’s screening series: A list of companies reported over +20% same-store sales for May 2025

Some investors, myself included, place strong value on same-store sales* as they offer a clear, unbiased measure of a company’s core performance and growth potential—independent of expansion efforts. *Same-store sales —also known as comparable-store sales or comps—is a financial metric used by retail companies to measure the revenue growth of stores that have been open …

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