- San A is not currently a buy, but investors ought to follow share prices periodically for buying opportunities at 3,200 yen per share (vs. current 5,010 yen per share).
- Strong regional moat provides San A with Japanese retail industry-leading business performance with ROE at 10.35% (10 Year Average: 9%).
- Franchising opportunities likely to lead to continued earnings growth.
Continue reading “2659: San A”
- NPD has a solid track record for business performance (10 year ROIC 16%).
- Recently, Parking Lot business has been relatively stable, Ski resort business experienced short term headwinds, and Theme park business is just getting started.
- Long term competitive advantage for NPD’s Parking Lot business is unclear and competition in the industry is only intensifying.
- At today’s 155 yen per share, NPD isn’t a buy. However, I will revisit NPD at 100 yen per share, or at signs of meaningful improvement in NPD’s Parking Lot business’ competitive positioning.
Continue reading “2353: Nippon Parking Development”
- With Japan’s population decline, a labor-intensive Japanese construction industry is facing a labor shortage.
- Japanese construction companies are looking at augmented reality (AR) to eliminate labor waste.
- The Japanese construction industry has an opportunity to convert labor shortage problem into fuel for AR technology advancement.
Continue reading “Tech In Japan: Augmented Reality Keeps Construction Industry Focused On Cutting Once”
- New tire manufacturers (mostly from China) have taken significant market share from the low to mid tier tire markets over the past 10 years.
- Yokohama is expanding into industrial tires, increasing production capacity, and focusing on OE business to fend off the new and strengthening competitors.
- Overall, Yokohama’s financials are healthy and business performance is decent (10-Year average ROE roughly 9%).
- However, shares are not particularly cheap or expensive at today’s 1,974 yen per share price.
- Yokohama will look more interesting at 1,400 yen per share.
Continue reading “5101: Yokohama Rubber Report (Abridged)”
- Virtual Reality (VR) is extending beyond visual and audio.
- Video game industry development of smell VR might benefit from commercialization in physical retail and e-commerce.
- There are a couple of investable companies with smell VR technology that should be followed.
Continue reading “Tech In Japan: Stop And Smell The (Virtual) Roses”
- Panasonic is exploring what the next generation of homes and communities look like.
- Logistical integration, sharing, and communication play a major role.
- Investors can gain from innovations produced out of Japanese population problems.
Continue reading “Tech In Japan: Panasonic’s Next Gen Home And Community”
- The IoT movement has inspired a couple Japanese companies to take your toilet to the cloud.
- Early detection and preventive care has become the name of the game in the healthcare industry.
- Japanese toilets will save Americans a lot of money, if Americans would open up to bidets.
Continue reading “Tech In Japan: Take Your Toilet To The Cloud”
- Seasoned corporate culture and a purely functional product focus has driven rapid growth, both domestically and internationally, for Ryohin.
- Balance sheet is squeaky clean and business performance metrics like ROE remains strong (15% – ish ) compared to peers.
- Exceptional corporate culture, clean balance sheet, and strong business performance is already built into share price – the bet is on continued rapid growth.
Continue reading “7453: Ryohin Keikaku: Exceptionally Simple.”
- What would a bottom-up approach to intrinsic value look like?
- Maslow’s hierarchy of needs helps us develop a better understanding of value.
- What are some of the characteristics of value and how does it relate to investing?
Continue reading “Thoughts on Value”
- This post covers the updated Google Sheet for Global Stocks, the original post can be found here.
- The updated sheet provides the ability to have a “base currency value” for global stocks.
- Enjoy! (version 2)
Continue reading “Google Sheet for Global Stocks (Version 2)”