FamilyMart Tender Offer - Winnie and HunnyPot Redux
Today (Weds 8 July 2020) after the close, but before FamilyMart Co Ltd (8028 JP) released its earnings, the Nikkei reported that 50.1% owner Itochu...
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Nitori Holdings Coverage Initiation Part 3: Valuation
This is the last of a three-part series on Nitori Holdings (9843 JP), Japan’s largest furniture and home accessories retailer. Previously, we have...
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Pan Pacific (Donki): Gross Margin Improvement Suggests Further Upside
Pan Pacific International Holdings (7532 JP), (PPI) (formerly Don Quijote) has been the best-performing general retailer in Japan over the last six...
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Japan Inbound Traffic Down 93% in March but Arrivals Spend and Spend
Inevitably, inbound tourist numbers plummeted in March which meant that spending overall also collapsed. The good news, though, is that those who...
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GMO-PG – When Does Hiding Out in a 112x PE Stock Become a Good Idea?
In something of a betrayal of our typically value investing mentality we have been positive on GMO Payment Gateway which tends to trade at anywhere...
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