Fuji Media (4676) - Remains Undervalued
Overall this year’s operating profit forecasts (Y23.5bn) appears realistic, perhaps a bit conservative. We value the real estate business at close...
168 Views
Margins Expanding in Japan but Asset Efficiency Is Not Improving....
Japan's aggregate Net Income margin increased from 2.7% in 2012 to 4.6% in 2016. While this margin expansion is a great thing, asset efficiency...
480 Views
CyberAgent's (4751) AbemaTV Vs IIJ's (3774) JOCND JV with TV Broadcasters
The Nikkei over the weekend reported that all five major commercial television networks in Japan will jointly develop a system to stream TV...
687 Views
I'm Back with New and Hopefully Better Thoughts (Japanese Automotive Industry)
I am back to the research space after 5 years of field work. Over 15 years' sell side experience was not sufficient on a real...
1.8k Views
Trump Victory Brings Uncertainty to Auto Sector Around U.S. Trade Agreements
Many automotive stocks declined on the morning of Nov. 9 on fear of a Donald Trump presidency. We think selling for now is due to massive...
702 Views