Note 1: This premium potato chip producer is highly illiquid. However, their impressive product strategy and resulting OP margin growth prompted me to prepare a brief memo. Their defensive nature has attracted few foreign buyers (2.3% of total holdings). Nissin Group (2897), a cup noodle giant, owns 45% of the company, contributing to the low …
Workman, once a darling among investors, is now trading at around ¥4,500, a decline of more than 50% from its 2020 high of ¥10,570. I believe Workman is not new to you, thus, this note serves to update you on new developments which I believe may signal a (very) early sign of recovery. From a …
WORKMAN Co., Ltd. (7564): An early sign of recovery? Read More »
Disclaimer: this is NOT an investment recommendation. Before investing in this stock, please do your own research and due diligence. Sunwels (“SW” or the “Company”) operates a specialized nursing facility for Parkinson’s disease called PD House. PD House’s main service is rehabilitation programs but medical attentions are provided by visiting doctors and nurses. I initially …
Mizuno Corp. (8022) + 140% P/E 16.7x vs. Asics (7936) + 150% P/E 36X: which is a better stock? Mizuno and Asics, the two leading sports goods manufacturers in Japan, have a long history of operation. Mizuno was founded in 1923 and Asics in 1943. My initial intention for this report was to demonstrate two …
With its market cap of ¥56 billion, it may be too small for you, but I want to alert you to this strong sales and profit grower. Its 16x P/E ratio versus its 12% expected operating profit growth in FY8/24 suggests a significant undervaluation, especially considering its strong yen-beneficiary business model. Transaction grew its operating …
Transaction Co., Ltd. (7818) – Strong Yen + Oshikatsu: New growth opportunities unlocked Read More »
Note: My original report and supporting data as of 2/26/24 is available in this site. I wrote about Takeuchi Mfg (“TMC”) on February 26, 2024, when the stock was trading at ¥5,400. My premise was based on the belief that Takeuchi represents a “Non-AI secular growth” opportunity fueled by global urbanization and steady US housing …
Trial Holdings Inc. (141A): 2 huge drivers in stock: 1) A retailer with ability to sell Skip Cart (shopping carts with payment functionality), and 2) Topix overhaul Trial presents investment merits from two perspectives: 1) as a beneficiary of the Tokyo Stock Exchange’s reform efforts, and 2) its growth potential. TSE reform Starting with the …
I’ve simplified the two possible reasons behind the recent sell-offs in the US and Japan (note this is a massive simplification on my part): 1) Bank of Japan’s (BOJ) Hawkish Comments: The BOJ’s recent hawkish comments led to Yen appreciation, causing the unwinding of long-standing carry trades (short Yen, long Nasdaq). Japan has net overseas …
This brief snapshot is intended to alert you to an upcoming IPO that I believe is quite interesting. While it’s true that only 10% of Japanese IPOs trade higher than their IPO prices a few years after listing, I believe Timee has potential and deserves a spot on your secondary watch list. Timee operates a …
Timee Inc. (215A) ¥100 Bn IPO on 7/26/24: For your secondary watch list. Read More »
RS Technologies (3445): Less cyclical semi-stock with solid sales performance (Sales 10x in 10 years). But PE at 12.6x and many initiatives to correct them. RS Technologies (RST or the company), founded based on the wafer recycle business of Rasa Industries (4022) in 2010, is a global leader in wafer reclaiming with a …