Japanese Turnaround Situations, Short-Ideas, Azabu Research

Michael Allen

Japanese Turnaround Situations, Short-Ideas

Azabu Research

Azabu Research is a publishing and consulting firm focused on distressed equities in the Japanese market. We specialize in turnaround strategies, corporate combinations, divestitures, and restructuring.

Publisher of the Tokyo Turnaround Letter, which conducts the most thorough research possible of publicly available information, including forensic tests for fraudulent overstatement of assets and understatement of liabilities, as well as rigorous market and industry analysis to assess the underlying strengths of the company’s products or services, the appropriateness of the company’s turnaround strategy, and the skill of its current management team. The average length of a report exceeds 25 pages of text and tables, excluding any disclosures or executive summaries.

We have more than 30 years of experience in applying this process to distressed equities in Japan. Additionally, subscribers have free access to detailed, yet easily navigated earnings models for the target company as well as the top five comparable companies, and unlimited access to the analyst for follow-up questions.

Azabu Research also conducts be-spoke research on a project basis, and provides consulting services to companies looking to restructure, divest, make acquisitions, go public, or improve investor sentiment toward their stock.

Independent Research and Consulting Firm

Equity Bottom-Up

ROHM COMPANY LIMITED manufactures custom linear integrated circuits and semiconductor devices for use primarily in consumer electronics.  The Company has plants and sales offices worldwide.  Rohm's subsidiaries include Wako Electric and Apollo Electronics.

<ul>
<li>Solar power will be cheaper than fossil fuels and EVs will be cheaper than ICE vehicles, but you can't make either without the parts that Rohme excels in. </li>
<li>Tesla is up 201% on speculation about its FSD, but Taiyo Yuden, which makes critical parts in FSD systems is down systems, is down 43%.</li>
<li>Kose is down 49%, largely on China woes, but China is no longer big enough to be a problem, and Japan and other regions growth should start to take over. </li>
</ul>


Solar power will be cheaper than fossil fuels and EVs will be cheaper than ICE vehicles, but you can't make either without the parts that Rohme excels in. 
Tesla is up 201% on speculation about its FSD, but Taiyo Yuden, which makes critical parts in FSD systems is down systems, is down 43%.
Kose is down 49%, largely on China woes, but China is no longer big enough to be a problem, and Japan and other regions growth should start to take over. 


Unloved Japan Roundup-Rohm, Taiyo Yuden, Kose

IR & Research Intelligence, Sessa Investment Research

Sessa Investment Research

IR & Research Intelligence

Sponsored research focusing on Japanese small cap.

ODK Solutions Company, Ltd. provides outsources information services mainly for school and financial companies.

<ul><li>ODK Solutions Company, Ltd. is an IT services company headquartered in Osaka that provides information processing services in the education, financial, and other general fields.</li><li>Its strength lies in the accurate processing of large volumes of highly sensitive data, and the Company boasts a leading share in Japan's university entrance exam-related education field.</li><li>The Company was founded in 1963 as Osaka Denshi Keisan K.K., providing computing services for the Osaka Securities Finance (now Japan Securities Finance [8511]) Group. </li></ul>

ODK Solutions Company, Ltd. is an IT services company headquartered in Osaka that provides information processing services in the education, financial, and other general fields.Its strength lies in the accurate processing of large volumes of highly sensitive data, and the Company boasts a leading share in Japan's university entrance exam-related education field.The Company was founded in 1963 as Osaka Denshi Keisan K.K., providing computing services for the Osaka Securities Finance (now Japan Securities Finance [8511]) Group. 

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

NEXTAGE Co., Ltd. operates a used automobile business. Its main line of business is retail of used domestic cars but it also sells imported cars and SUV/vans. In addition, the company also operates an automobile maintenace business.

<ul><li>Nextage is a prominent player in Japan’s fragmented used car dealer market</li><li>The company is looking to grow through suburban superstores, similar to CarMax in the US</li><li>Despite recent scandal involving competitors, Nextage is positioned for growth with potential for expansion in Japan's used vehicle market</li></ul><p><em>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.</em></p>

Nextage is a prominent player in Japan’s fragmented used car dealer marketThe company is looking to grow through suburban superstores, similar to CarMax in the USDespite recent scandal involving competitors, Nextage is positioned for growth with potential for expansion in Japan's used vehicle marketThis 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.

Nippon Investment Bespoke Research UK Ltd

Nippon Investment Bespoke Research UK

Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

MacbeePlanet,Inc. provides marketing data analysis services. The Company offers consumer inflow paths and behavior patterns data analysis, consumer behavior machine learning, and analytics consulting services. MacbeePlanet serves clients across Japan.

<div><div><div><div><ul><li>Back on track – With solid double-digit sales growth of 30.0% YoY, Q1-2 FY4/25 results highlight the company’s ongoing success in expanding the performance-based online advertising market.</li><li>Slight margin dilution YoY points to a changing sales mix in the Wellness sector, but the overall direction of travel remains positive with a sustained growth profile.</li><li>FY guidance has been maintained while a large-scale PR initiative for the company is planned in H2, and the company has managed to reverse some of the allowances for doubtful debt booked in FY4/24, which is a positive development.</li></ul></div></div></div></div>

Back on track – With solid double-digit sales growth of 30.0% YoY, Q1-2 FY4/25 results highlight the company’s ongoing success in expanding the performance-based online advertising market.Slight margin dilution YoY points to a changing sales mix in the Wellness sector, but the overall direction of travel remains positive with a sustained growth profile.FY guidance has been maintained while a large-scale PR initiative for the company is planned in H2, and the company has managed to reverse some of the allowances for doubtful debt booked in FY4/24, which is a positive development.

Macbee Planet (7095) - Prioritizing Sales Expansion

Japan Small Cap Growth
Undercovered Japanese Gems

Unloved Japan Roundup-Rohm, Taiyo Yuden, Kose

The top 5 performing large-cap stocks in Japan returned 241% on average so far in 2024, but these stocks were all on their knees a short while ago....

Michael Allen

ODK Solutions (3839 JP) - Initiation

ODK Solutions Company, Ltd. is an IT services company headquartered in Osaka that provides information processing services in the education,...

Sessa Investment Research

Nextage (3186) - Wednesday, Sep 18, 2024

Nextage is a prominent player in Japan’s fragmented used car dealer market. The company is looking to grow through suburban superstores, similar to...

Value Investors Club

IINO KAIUN KAISHA, LTD. (9119 JP): Research update

FY24 OP WAS REVISED DOWN GIVEN SURGING VARIOUS COSTS. NO CHANGE IN MEDIUM-TERM PLAN TARGETS. IINO revised its FY24 guidance from OP of ¥19,200mil...

Nippon Investment Bespoke Research UK

Macbee Planet (7095) - Prioritizing Sales Expansion

With solid double-digit sales growth of 30.0% YoY, Q1-2 FY4/25 results highlight the company’s ongoing success in expanding the performance-based...

Astris Advisory Japan