Toyo Tire has underperformed Topix for the last 12 months: Topix + 17% vs. Toyo -1%. Then, why am I discussing Toyo Tire now? I have always liked the Japanese tire industry, which is often cast in a negative light due to its association with the Japanese auto industry. Japanese automakers are currently experiencing a …
I had a meeting with alt CFO. alt was listed on TSE Mothers on 10/11/24. Market Cap:¥20 Bn P/S: 3.6x (E FY12/24 ¥5,545 MM) 2.8x (E FY12/25 ¥7,000 MM) Guided sales growth: 35% y/y in FY12/24, 26% y/y in FY12/25 The company is not yet operating profits positive. Simply as a reference, AI startup …
alt (260A): AI Breakthroughs: but how to grow from here? Read More »
This will be a short note with an emphasis on a “one-time event” catalyst. I believe there is a strong possibility that this event will drive the stock price higher. However, I also want to ensure that the company can grow its fundamentals without relying on the occurrence of this event. First off, a brief …
Tokyo Century (8439): ROE recovery + Event-driven share price appreciation Read More »
Founded in 1912, Kanro with ¥49 bn market cap, is well-known for its “Kanro Nodo Ame” throat drops. The company entered the gummy candy market 20 years ago which has since grown to become a core profit earner. Candies may not be as trendy as AI, but the confectionery industry is experiencing solid growth, supported …
Many investors have avoided Sankyo and other pachinko companies for a long time and for good reasons. The industry is considered risky due to several factors, including demographics, competition, and regulations. Since my original report on Sankyo as of 1/26/24 (available in this site), the stock appreciated by around 20%. The stock was down by …
baudroie Inc. (4413): Sales Y/Y +40% and OP Y/Y +60% vs. P/E 53x This high-growth IT infrastructure company can be a difficult stock to evaluate, with a myriad of positives offset by several negatives. Positives: The industry-leading sales (FY2/17-24 CAGR of 24%) and profit growth (OP growth CAGR of 40%). Pioneered a new graduates training …
baudroie Inc. (4413): Sales Y/Y +40% and OP Y/Y +60% vs. P/E 53x Read More »
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 …