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Hikari Tsushin

Essentials
July 4, 2022

Independent System Integrator with Steady Growth at 1.4x EV/EBIT

Thinking points Computer Management (TSE: 4491) is a small IT developer mainly operating in western Japan, with a wide range of clients especially in finance and healthcare.Key challenges for the company

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Essentials
May 23, 2022

Small and Profitable System Integrator with 3.66% Dividend Yield Trading at 2.4x EV/EBIT

Thinking points KSK Co., Ltd. (TSE: 9687) is a small system integrator specializing in network service, embedded software development, and semiconductor design, with strong business relationships with large IT players and

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Essentials
April 4, 2022

Pressured But Profitable Paint Maker Trading Below EV

Thinking points Isamu Paint (TSE: 4624) is a mid-sized paint manufacturer primarily specializing in paints for automotive, architectural, and industrial repair and maintenance applications.Key challenges for the company include a downward

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Plus
May 4, 2021

40% Market Share Water Supply Equipment Maker Trading for 97.5% NCAV

Thinking points Maezawa Kyuso Industries (TSE: 6485) mainly manufactures water supply equipment and holds a 40% share of the Japanese market. More recently, the company has also focused on housing equipment-related

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