Insider insights? is there irreplaceable value in meeting with management

Insider insights? is there irreplaceable value in meeting with management before investing? Warren Buffett has frequently mentioned that he seldom meets with a company’s management team prior to investing in their stock. He believes that management presentations are often biased towards showcasing the company’s strengths. Instead, Buffett relies on his own comprehensive analysis of the …

Insider insights? is there irreplaceable value in meeting with management Read More »

Yurtec Corporation(1934): Multiple strategies to enhance operating margin or an AI/power construction catch-up trade

Summary: Yurtec is a construction company of electric power facilities. It is a beneficiary of: Increased Power Consumption: The growth of existing and new semiconductor fabrication plants is leading to higher power demands, necessitating the development of additional power generation facilities. Reshoring Manufacturing: In response to the post-Covid environment, Japanese firms are repatriating overseas manufacturing …

Yurtec Corporation(1934): Multiple strategies to enhance operating margin or an AI/power construction catch-up trade Read More »

The Bank of Nagoya (8522): P/B of 0.44x does not suggest a broken business model

Summary: The Japanese equity market is currently experiencing a period of transformation. Some analysts are cautioning against potential overvaluation in certain sectors, such as semiconductors and AI-related stocks. However, this perspective does not overshadow the broader market potential, particularly in light of the Tokyo Stock Exchange’s corporate governance reforms and the Bank of Japan’s recent …

The Bank of Nagoya (8522): P/B of 0.44x does not suggest a broken business model Read More »

I don’t propose that you rely on management ownership as a sole stock selection parameter. But it is worthwhile to track the performance of the Investor-Management Unite as One ETF (code 2082). One caveat: this fund owns 192 shares which you may find too diversified to consistently generate outperformance over an index.

“Investor-Management United as One” MAY lead to outperformance. There is an intriguing ETF that I believe is worth discussing. While I don’t recommend adding this fund to your portfolio, their investment theory is undeniably fascinating.” 投資家経営者一心同体 (translated as Investor-Management United as One) ETF is created by Simplex Asset Management (a Japanese hedge fund founded in …

I don’t propose that you rely on management ownership as a sole stock selection parameter. But it is worthwhile to track the performance of the Investor-Management Unite as One ETF (code 2082). One caveat: this fund owns 192 shares which you may find too diversified to consistently generate outperformance over an index. Read More »

Takeuchi Mfg., Co., Ltd. (6432): How a debt free construction equipment maker is thriving globally?

Summary The company has grown globally by serving the niche area which the large construction equipment companies have not focused on. It enjoys a long run way, fueled by global urbanization. Furthermore , this growth comes with a great value preposition. The company’s net worth is 60% of its market cap. 1. Who is Takeuchi …

Takeuchi Mfg., Co., Ltd. (6432): How a debt free construction equipment maker is thriving globally? Read More »

Treasure Factory (3093) – 10 ways to create your treasures

Treasure Factory (3093) – 10 ways to create your treasures Note: Some excel tables could not be uploaded here.  If you are interested in numerical data of Treasure Factory, please visit my LinkedIn Group “Decoding Japanese Stock Anomalies” Summary Update: So far I have published reports on three Japanese reuse/discount retailers: Treasure Factory in (1/23), …

Treasure Factory (3093) – 10 ways to create your treasures Read More »

Japanese CVS industry: my regret, retail media and a follow up to my earlier write-up “Dare I say, convenience stores in Japan not only survive but also flourish?

KDDI’s recent TOB (Tender Offer) for Lawson and NTT Docomo’s collaboration with Family Mart reveal that mobile carriers’ desire to expand their businesses by collaborating with convenience store chains. 1. KDDI KDDI plans to purchase all the shares of Lawson that are not owned by Mitsubishi, its parent company, and take it private in a …

Japanese CVS industry: my regret, retail media and a follow up to my earlier write-up “Dare I say, convenience stores in Japan not only survive but also flourish? Read More »