Both companies reported the FY3/26 on 4/28. Yurtec FY3/26 results: · Net sales came to ¥252.3 billion, a ¥4.9 billion decline (‑1.9%) due to slower‑than‑expected progress on large‑scale projects and delays in securing major orders at overseas subsidiaries. · But the better project productivity led to ordinary profit of ¥18.9 Bn (+9.2% y/y). · While the company’s ordinary profit for …
Reuse‑oriented stocks have been outperforming across categories—from used cars (IDOM) to pre‑owned jewelry and consumer goods (Book Off). In an inflationary environment, it makes sense: consumers are prioritizing value and shifting toward high‑quality secondhand options. Pre‑owned housing fits the same pattern. I continue to like the preoccupied‑housing names and highlighted Katitas (8919) in my 11/25 …
Part of my differentiated edge stems from my network of Japanese retail investors, who provide continuous, ground‑level feedback on the names they trade. These stocks often perform strongly, but because many have a market cap of sub‑¥10–20bn, I have not included them in my formal coverage. Given the breadth of attractive opportunities in this segment, …
“Eastward bound: Largest-ever NATO envoy delegation to visit Japan” (Japan Times, April 12, 2026) reported that approximately 30 NATO ambassadors visited Japan for a historic three-day mission—the largest high-level delegation from NATO member states ever to visit the country. Although Japan is already one of NATO’s closest nonmember partners, the scale of this visit is …
A potential additional positive catalyst for Japan’s defense stocks Read More »
The company (Cap: Y90 B, Mitsui M) is similar to a capital allocator: very similar in behavior (though smaller scale) to firms like Orix Corporation or even an ultra mini version of SoftBank Group or Berkshire. The company: · Exited legacy coal to leave a highly volatile, anti‑SDGs business. This pivot was initiated by the …
Mitsui Matsushima (1518): A listed private equity vehicle in disguise Read More »
JINS (cap Y153 Bn) which I flagged on 4/5/26 announced its 1H results on 4/10/26. The results came in below the October forecast: Net sales (-2.4%), operating profit (-4.4%), ordinary profit (-3.9%), and net profit (-5.5%). Main reason: Weaker‑than‑expected performance in the domestic eyewear business, where certain products missed sales targets. Overseas operations, however, outperformed—China …
JINS (3046): Below guidance 1H FY8/26 results, but the stock is limit up (+18%). Read More »
Furuno is one of my shipbuilder picks, first reported on 10/31/25 and updated on 4/5/26. FY2/26 results: Revenue of ¥140.6 bn (+10.8% YoY) and operating profit of ¥16.246 bn (+23.3% YoY), supported by strong demand for new‑build vessel installations and solid replacement and maintenance activity for existing ships. The company raised its annual dividend by ¥10 to …
Furuno Electric (6814): Up 13% after reporting FY02/2026 results: Read More »
During my time in Japan, I managed to step on my glasses—so I had no choice but to get a new pair. I took it as a chance to try out JINS’ service. I had previously written about Japan Eyewear Holdings (JEH) back in 1/25 (note attached), which targets a more premium segment. You’ve probably …
Jins Holdings (3046): An anecdotal note for consideration Read More »
Shipbuilding and Maritime Infrastructure have emerged as a high-conviction thematic play. Driven by a historic shift in U.S. industrial policy and a massive “All-Japan” consolidation effort, the sector is transitioning from a cyclical laggard to a strategic growth industry powered by AI and green energy. 1.A primary catalyst for the sector is the aggressive revitalization …