Smartkarma Originals
Corporate Governance In Japan
If effectively implemented, the Japan Corporate Governance Code, the Japan Stewardship Code, the Engagement Guidelines and the CGS Guidelines would...
847 Views
Smartkarma Originals
Pasona: Odd Man Out In Set-Up Trade
The Pasona Group (2168 JP) story is not new - but worth repeating. Pasona owns ~51% of Benefit One Inc (2412 JP) valued at ¥190bn, exceeding the...
613 Views
Smartkarma Originals
GMO Internet: Listed Holdings Preferred
Applying a deconsolidated book value for the unlisted operations, I see GMO Internet (9449 JP) at a ~30% discount to NAV, a reasonable level for an...
626 Views
Global Labour Markets Are Starting to Slow Down – Time To "Lay Off" Recruit
Recruit Holdings (6098 JP)’s revenue exposure to the Japanese and global labour markets is around 84% which makes it cyclical and susceptible to...
769 Views
2168 🇯🇵 Pasona • Time to Revisit
BACK TO PASONA - Since our Insight Time to Take Some Profits of 12th April, Pasona shares have declined by 10%, underperforming the market by 12%...
351 Views