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 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 …

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 Read More »

What are the main triggers of the US and Japan sell-offs, and how can we reverse the downward trends?

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 …

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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 (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 …

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. Read More »

ESPEC Corp. (6859): The leader in the environment test sector with growth propelled by EVs and semi, with P/E at 14.3x and P/B at 1.29x (after YTD appreciation of 30%).

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 …

ESPEC Corp. (6859): The leader in the environment test sector with growth propelled by EVs and semi, with P/E at 14.3x and P/B at 1.29x (after YTD appreciation of 30%). Read More »

Starts Publishing Corporation (7849): Growing operating profits by 43% via selling books!

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 …

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Ahresty Corporation (5852): Data Center and EV benefits with P/E of 8.9x, P/B at 0.33x and a dividend yield of 4%

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 …

Ahresty Corporation (5852): Data Center and EV benefits with P/E of 8.9x, P/B at 0.33x and a dividend yield of 4% Read More »

Yamami Company(2820) – Innovating Tradition: The Fusion of Tofu and Tech in a static industry

Summary: Yamami Co., founded in 1975 and headquartered in Hiroshima, Japan specializes in the manufacture and sale of tofu and related products, with a recent focus on automation to modernize the ancient craft. Yamami’s two-decade-long commitment to automation has indeed carved out a significant cost advantage for the company. This strategic move has positioned them …

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Can the Tokyo Stock Exchange Enhance the Quality of Companies in the ‘Growth’ Market Segmen

  On May 21, 2024, the Tokyo Stock Exchange (TSE) released its presentation titled “Status after Market Restructuring and Future Follow-up.” This document reflects on the significant re-segmentation of the exchange into the “Prime,” “Standard,” and “Growth” market segments in 4/2022. The restructuring aims to align markets with clear concepts, enhancing the attractiveness of Japanese …

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