Idea: An Alternative To Activision Or Electronic Arts – Capcom (TYO: 9697)

Thinking Points

  • Capcom (TYO: 9697) is just getting started with digital distribution.
  • With strong Intellectual Property (IP) like Street Fighter and Resident Evil, Capcom is well grounded.
  • If you missed the Activision and/or Electronic Arts digital distribution wave, you might want to consider looking at Capcom.

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Japan’s Leading Condom Manufacturer Protects Other Things Too – Okamoto (TYO: 5122)

Thinking Points

  • Japan’s top condom maker, Okamoto (TYO: 5122) is about more than just condoms.
  • Okamoto’s active share buybacks that precede Japan’s push for corporate governance reform is particularly encouraging.
  • Thanks in part to the buybacks, per share metrics look appealing with 10-year revenue CAGR of 3% and EBIT CAGR of 20%.

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Idea: 50% Global Share In Premium Motorcycle Helmets – Shoei (TYO: 7839)

Thinking Points

  • Shoei has a 50% global share in premium motorcycle helmets.
  • Made in Japan focus makes the company sensitive to currency fluctuations.
  • Key growth areas are in China/SE Asia and US.

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Idea: 60% market share in high growth Japan pet insurance industry – Anicom Holdings (TYO: 8715)

Thinking Points

  • First world Asian countries are not particularly crazy about pets.
  • That said, more Japanese pets are getting their insurance cards.
  • Anicom holds a 60% market share in a Japanese pet insurance industry that’s seen double digit growth over the past several years (at least).

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4202: Daicel Corporation’s Industry Leading Operations Paves Way for Long-Term Stability

Summary

  • Who is cleaning up after Takata’s airbag recall mess?
  • “The Daicel Way” is the chemical industry equivalent of the Toyota Production System.
  • Daicel trades at a discount relative to its peers, despite its industry-leading operations.

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