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 …
Founded in 1947, ESPEC Corp. (“Espec” or the “company”) developed and launched Japan’s first environmental test equipment in 1961 (63 years of history). While small with ¥76 Bn in market cap, Espec dominates the environmental test industry in Japan with a 60% domestic market share. Its global market share has also reached 30% (according to …
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 …
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 …