Mitsui Matsushima (Cap: ¥146B) on 7/22/26 announced: 1. a modest upward revision to FY3/27 guidance, 2. a dividend hike from ¥76 to ¥130 (+76%), and 3 the acquisition of Sanyo Co. Items (2) and (3) largely explain the sharp share-price move. I highlighted Mitsui M on 4/13/26 (note available to paid subscribers) when few analysts …
Market consensus often overlooks companies undergoing structural transformations when they carry legacy reputations. This company is a textbook example. Long synonymous with printing inks and organic pigments—industries widely assumed to be in secular decline—this global chemical group is executing a major portfolio pivot that the market has yet to fully price in: · Top Global Market …
On 7/13/26, the Nikkei market‑cap rankings saw a major shift at the top: Mitsubishi UFJ (8306) surpassed Kioxia (285A) and Toyota (7203) to become No. 1 for the first time, reaching ¥42 trillion in market cap. This marks a clear inflection point after a long period dominated by AI and semiconductor gains. I don’t believe …
It’s not everyday that CNBC mentions Japan, outside of SoftBank. However, in its article “Nvidia unveils new AI model and expands Japan’s physical AI ecosystem,” CNBC highlighted Jensen Huang’s view that Japan is positioned to play a significant role in the next phase of AI. That is why I thought this article was notable, although …
Nvidia Highlights Japan’s Emerging Leadership in Physical AI Read More »
The share price of Tokyo Energy & System (TES), a power‑plant construction subcontractor, rose 22.54% on May 13 to ¥2,479 following the release of robust FY3/26 results, including a 78% year‑on‑year increase in operating profit. OP was guided to go up by 54% for FY3/27. The stock later reached ¥2,642 on May 26 before pulling …
MORESCO’s Q1 FY2/27 results—and the stock’s 20% limit‑up reaction—offer a useful read on whether AI/DC infrastructure demand is actually fading. Expectations were low (0.88x P/B, small cap ¥22bn), yet the quarter was far stronger than what a “finished” AI trade would imply. Markets are debating whether hyperscalers are slowing capex. If that were true, MORESCO—whose …
Moresco (5018) – Are AI/Data Center Trades Over? Read More »
I am using HSK’s strong Q1 FY2/27 results to reintroduce my Mitsubishi Heavy alternative (although it may be too small at Y35 Bn). My initial 5/3/26 note is available for my clients. If you’d prefer to start by sampling my work, I’d be happy to send it straight to your inbox at no cost. I’m confident …
While the market remains fixated on crowded AI hardware plays, smart capital is quietly rotating into Autonomous AI Software. In my latest institutional deep-dive, I break down a premier fintech trailblazer newly named the No. 1 “10-bagger candidate” for the next decade. Sharing the exact financial signature of past legendary compounders (like Lasertec and Capcom), …
The Next Decade’s Defining 10-Bagger? The Pivot to Autonomous AI Software Read More »
In the world of Japanese corporate compounders, investors have recently fallen head over heels for speed. Modern “roll-up” platforms are commanding massive valuation premiums by rapidly acquiring sexier tech, semiconductor, and data center assets. But while the market rewards these fast-paced newcomers, a true pioneer of Japan’s manufacturing ($monozukuri$) M&A-compounding model has been left completely …
The Left-Behind Pioneer: A 25-Year M&A Compounder Trading at a Deep Discount Read More »
No change in investment thesis As a corporate engagement consulting firm, LMI (MC Y60 bn, TSE P) is structurally positioned to grow regardless of which sectors outperform in Japan. The nationwide labor shortage touches every industry—including AI—ensuring that demand for LMI’s core value proposition (improving employee engagement, retention, and productivity) remains broad‑based. Once the “death …