Thinking Points DeNA (TSE: 2432) is a company with Silicon Valley-like characteristics, primarily engaged in game development. At first glance, DeNA appears cheap at an 8x adjusted EV/EBIT, but the company’s core browser-based feature-phone targeted gaming platform “Mobage” is in terminal decline. The company’s Nintendo partnership plays a key role in replacing the Mobage business […]

 

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Kenkyo Investing
Kenkyo Investing

Kenkyo Investing applies a value investing approach to Japanese equities, providing insights that are often unavailable to non-Japanese speakers.