Wakamoto Pharma 4512 There has been notable investor activity surrounding Wakamoto Pharma recently. On February 27, 2025, it was revealed that Asset Value Investors, a UK-based activist investor, had acquired over 6% ownership in Wakamoto. Earlier, on February 6, 2025, the company announced that Rhoto (4527) had become its largest shareholder, increasing its stake from …
Yuka’s weekend whisper: Asset Value buys Wakamoto Read More »
The recent road collapse incident in Yashio City, Saitama Prefecture, is believed to have been caused by a broken sewer pipe. In Japan, there are about 490,000 kilometers of sewer pipelines buried under roads for water supply and drainage. As of 2022, approximately 30,000 kilometers of these pipes have exceeded their standard lifespan of 50 …
*Symphony Financial Partners (Singapore) Pte Ltd This note is my attempt to see 1) what motivates Symphony to invest in Oyo and 2) if there is more upside to Oyo stock. Symphony’s Oyo shareholdings: On 11/8/21, it was reported that Symphony initiated a holding of 5.75% in 5/21. The VC’s holdings have fluctuated since then …
Oyo Corp (9755): What is Symphony* seeing in this geometry survey company? Read More »
*Fuji TV: a subsidiary of Fuji Media Holdings (4676) Imagine this: a major Japanese TV network, Fuji TV, goes two full months without airing a single commercial. It sounds unthinkable, but that’s exactly what’s happening. Over 80 advertisers have pulled their commercials in response to a scandal involving unwanted advances and the questionable use of …
The Real Impact of the Fuji TV* Scandal: A Broadcast Bombshel Read More »
While Covid-19 caused significant human suffering, it also unexpectedly boosted certain industries. The medical testing sector, particularly for Covid test kits, experienced substantial market growth during the pandemic. One of the key players in testing markets is Tauns with a market cap of Y63 Bn (yes, small but please read on), PE 10x, and ROE …
Tauns Laboratories (197A): One of the rare 2024 IPOs which have gone up Read More »
Auto OEMs are not the only way to benefit from the resurgence in interest in Japanese autos. There is a cheaper auto distribution company with higher operating growth prospect: Zero. Its major customer is Nissan, although Nissan’s importance is consistently declining. Thus, Zero can be an indirect beneficiary of the Nissan/Honda tie-up. Zero is an …
In 2024, the “Distribution and Net Banking” industry* experienced the highest growth, with an impressive appreciation rate of 91.28%** as of 12/19/24. Am I the only one surprised by this data? I regret not foreseeing this trend and missing out on writing on the industry. The 2nd performer is a no surprise – “Electric Wires …
https://www.jpx.co.jp/english/equities/follow-up/b5b4pj000004yqcc-att/dh3otn000000mgt6.pdf The Tokyo Stock Exchange’s Listing Department outlined future measures for the Growth Market on December 10, 2024 (their presentation attached). The focus is on enhancing market functionality by promoting stricter listing criteria, encouraging mergers and acquisitions (M&A) among growing companies, and fostering core companies that represent Japan. The measures aim to ensure companies achieve …
TSE is trying to improve its growth market performance Read More »
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 »