- Shinetsu Chemicals has healthy exposure to various industries and is an industry-leader in many areas.
- The diversified nature of Shinetsu’s operating businesses helped weather through the 2008/2009 financial mess, though profitability briefly declined.
- Despite a high cash position (net cash at 10% of market cap), Shinetsu delivered respectable low teen ROIC over the past couple of years.
Continue reading “Quick Idea: Global Leader In Silicon Wafers And A Bunch Of Other Stuff – TYO: 4063 Shinetsu Chemicals”
- 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”
- 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.”
- Focus on parts and service business likely to drive high margin revenue over the long-haul.
- Healthy balance sheet provides for stability during difficult times.
- Daihatsu Diesel has remained stable and profitable despite increased competitive pressure from Chinese and South Korean companies.
Continue reading “6023: Daihatsu Diesel Looks Like a Buy Amid Turmoil in Shipping Industry”
- 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.
Continue reading “4202: Daicel Corporation’s Industry Leading Operations Paves Way for Long-Term Stability”