Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Equity Bottom-Up

Japan Post Holdings Co. Ltd. operates post stations, banks, and insurance business. The Company offers letters and goods transportation services, stamp sales, deposits, loans, and insurance products.

<ul>
<li>H1 Results improved but did not raise guidance for the FY</li>
<li>Insurance subsidiary surprised with a buyback of shares after strong results</li>
<li>Bank subsidiary profits improved as expected as interest rates increase</li>
</ul>


H1 Results improved but did not raise guidance for the FY
Insurance subsidiary surprised with a buyback of shares after strong results
Bank subsidiary profits improved as expected as interest rates increase


Japan Post Holdings - Guidance Continues to Underwhelm

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

EXEDY Corporation manufactures drivetrain products for automobiles, industrial vehicles, and construction machinery.  The Company's products include manual clutches, torque converters, power shift transmissions, and hydraulic clutches. Exedy has its subsidiaries in South Korea, Australia, the US and the UK.

<ul>
<li>I wrote last when Exedy was at ¥3,900 and had just announced, good earnings, a sharp div hike, and a huge buyback. The stock reacted well, but not THAT well.</li>
<li>Murakami-San had indeed lifted his stake, and the stock is now climbing again. Presumably, the company is in the market buying. At this price, it depends on what Murakami-san does.</li>
<li>Fat div. Lots of volume to buy in the next several months, but the big story is future measures.</li>
</ul>


I wrote last when Exedy was at ¥3,900 and had just announced, good earnings, a sharp div hike, and a huge buyback. The stock reacted well, but not THAT well.
Murakami-San had indeed lifted his stake, and the stock is now climbing again. Presumably, the company is in the market buying. At this price, it depends on what Murakami-san does.
Fat div. Lots of volume to buy in the next several months, but the big story is future measures.


[JAPAN ACTIVISM] Exedy (7278) - Immediate Results Reaction Was a Damp Squib, But Climbing Now

Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>The Japanese market ended the week on a mixed note, with the Nikkei 225 Index down 2.2%</li>
<li>Stocks moves were largely dictated by earnings. Furukawa's full year upward revision was a standout, while THK surprised the market with a punchy buyback</li>
<li>
Watchlist: ASICS continues to perform well and will upgrade its mid-term outlook this week. Nexon and Appier could be worth a look after recent stock price declines</li>
</ul>


The Japanese market ended the week on a mixed note, with the Nikkei 225 Index down 2.2%
Stocks moves were largely dictated by earnings. Furukawa's full year upward revision was a standout, while THK surprised the market with a punchy buyback

Watchlist: ASICS continues to perform well and will upgrade its mid-term outlook this week. Nexon and Appier could be worth a look after recent stock price declines


Japan Weekly | Mixed Market but Plenty Going On

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

SANKYO CO., LTD. develops, manufactures, and sells pachinko, pachinko slot machines, related parts, and other peripheral devices.  The main products include Fever Zeus Series.  The Company also operates amusement related businesses.

<ul><li>Sankyo, a Japanese company previously seen as a value trap, has made changes to enhance shareholder value</li><li>The company has implemented share buybacks, acquiring 24% of shares in the last year and leading to a higher valuation</li><li>The focus on capital efficiency and returning value to shareholders has revitalized Sankyo, leading to increased investor confidence and potential future growth opportunities</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Sankyo, a Japanese company previously seen as a value trap, has made changes to enhance shareholder valueThe company has implemented share buybacks, acquiring 24% of shares in the last year and leading to a higher valuationThe focus on capital efficiency and returning value to shareholders has revitalized Sankyo, leading to increased investor confidence and potential future growth opportunitiesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Tokyo Electron Limited manufactures and sells industrial electronics products, such as semiconductor manufacturing machines, computer system, and electronic components.  The Company products are sold in US, Taiwan, and others as well as in Japan.

<ul><li>In 1H FY03/25, the company reported revenue of JPY1.12tn, operating profit of JPY313.9bn, and net income of JPY243.9bn.</li><li>The revised full-year forecast for FY03/25 includes revenue of JPY2.40tn and operating profit of JPY680.0bn.</li><li>The company announced a JPY70.0bn share buyback plan, acquiring up to 3.5mn shares, representing 0.8% of outstanding shares.</li></ul>

In 1H FY03/25, the company reported revenue of JPY1.12tn, operating profit of JPY313.9bn, and net income of JPY243.9bn.The revised full-year forecast for FY03/25 includes revenue of JPY2.40tn and operating profit of JPY680.0bn.The company announced a JPY70.0bn share buyback plan, acquiring up to 3.5mn shares, representing 0.8% of outstanding shares.

Tokyo Electron (8035 JP): 1H FY03/25 flash update