erex (Ticker 9517) – Power shortage? What’s power shortage?

erex (“erex” and the “Company”) is a electricity retailer. It has entered into electricity sales for households after power retail market was liberalized in 4/2016 in Japan.  The company has also expanded power procurement sources from other power generation companies to biomass power plants. Furthermore, it has entered into a joint venture with TEPCO Energy Partner* …

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SHiDax Corp.(Ticker 4837)– From Karaoke to Solutions to Japanese Issues

Founded in 1959, SHiDax (“Shidax” or the “company”) is a major meal service provider and third party restaurant operator for schools, companies and public offices. Their business models are driven by three core segments: School lunch and the third party meal preparation outsourcing. Transportation outsourcing service such as school bus and limousine services. Management of …

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Nippon Avionics (Ticker 6946) – Historical High Operating Margin + Rising Defense Spending

Defense stocks have been attracting global investors’ attention to reflect an increase in unrest both in Europe and Asia. Japan has been nervously watching China’s move re: Taiwan and North Korea’s missile emissions to the direction of Japanese Sea. In fact, North Korea has recently fired 8 missiles toward the direction of Japan, the most …

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Pan Pacific International Holdings (Ticker 7532) – 32nd consecutive year of sales and operating profits growth: A king of discount, M&A and Inbound tourism recovery

Pan Pacific International Holdings (“PPIH” or the “company”) is not a type of stock which www.JapaneseIPO.com typically chooses to write a report on. It is big and 16 analysts cover the stock, which indicates large institutional holdings. In fact, in 2021 annual report, CFO lamented the fact that PPIH’s retail investor holding is 1.6% which …

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W-Scope Corp. (Ticker 6619) – Solid State Battery may not be ready for a large scale production any time soon.

Who is W-Scope? W-Scope (“WS” or the “company”) focuses on manufacturing of separators for lithium-ion (Li-ion) secondary batteries. The company is founded in Yokohama in 2005 by president, Won-Kun Choi, a former employee of Samsung Electronics in South Korea. Its head office is in Tokyo, but development and manufacturing functions are in South Korea. The …

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Kadokawa Corp.(Ticker 9648) – A new age high school and After a 16% share price drop

Kadokawa (“Kadokawa” or the “company”), founded as a publisher in 1940, has revamped its business categories in tandem with the shifting needs of the markets. The main thread is to grow its IP (intellectual Property) in a variety of forms, such as books, movies, animation, UGC (User Generated Content). 1. Investment Thesis   1. Some …

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