Japan opportunity

[dealraker]

4 hours ago, Spekulatius said:

That could hurt:

https://www.shikokubank.co.jp/profile/seiyaku.html

Oh my!

[Dalal.Holdings]

5 hours ago, Spekulatius said:

That could hurt:

https://www.shikokubank.co.jp/profile/seiyaku.html

 

Now that's a sound banking regime

[Thelilyinvestor]

Sepukku in the game

[fareastwarriors]

On 11/24/2024 at 12:06 PM, Spekulatius said:

That could hurt:

https://www.shikokubank.co.jp/profile/seiyaku.html

 

 Mitsubishi UFJ  didn't get the memo?
Time to update the employee handbook

 

Japan’s largest bank apologizes over theft of millions of dollars from safe deposit boxes

[Spekulatius]

Recenr additions to my Japan basket are Elan 6099 and Fuso Chemical  4368.

 

As I mentioned before, I don’t do net nets in Japan, I buy stocks more based on a Greenblatt screen (decent / higher ROE, low EV/EBIT and organic growth). I want to see some revenue growth will all my stocks to avoid value traps and holding more for the longer term.

 

Elan does supply nursing homes and hospitals with uniforms and consumables. I found it when looking again and VSTS and UNFI and while a bit different, Elan is actually a better business, I think.

 

It was mentioned a while ago in one. Of these Japan focused blogs. (Forgot which one and I put it on my watch list as it was too expensive back then, but now came to a reasonable valuation).

 

Fuso Chemical was mentioned in another thread ad an example for the semiconductor supply chain. They do ultrapure chemical  for the food industry etc traditionally but started to supply semiconductor with colloidal silica and other substances. Apparently they supply TSMC and others and have a very strong market position for these chemicals, that are used for polishing wafers and are tuned for the process nodes. So it seems like a hide  

champion sort of business that scales with wafer throughout is available at very sensitive valuations.

 

My knowledge of these business is only an inch deep, I evaluate it based on how I perceive the business, the LT track record and how management presents itself to investors. I buy a basket of these stocks and just try to leave them alone.

 

Other buys are 6723 (Renesas - semiconductors) 

Edited 6 hours ago by Spekulatius