ENTITY
Tokyo Rakutenchi

Tokyo Rakutenchi (8842 JP)

38
Analysis
Real EstateJapan
TOKYO RAKUTENCHI CO., LTD. leases real estate properties mainly in Kinshi-cho, Tokyo. The Company also operates restaurants, saunas, bowling alleys, game centers, karaoke places, and theaters.
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06 Dec 2023 21:47

Toho Takeout of Rakutenchi - Buying a Real Estate Portfolio at a 50% Premium but 0.7x NAV.

Toho (9602) is taking out a real estate operations affiliate Tokyo Rakutenchi. It is doing so at 1.2x book but probably 0.7x NAV. And the Board...

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06 Dec 2023 21:23

Tokyo Rakutenchi (8842 JP): Toho’s Tender Offer at JPY6,720

The minimum acceptance condition requires a 30.2% minority acceptance rate. This acceptance rate is doable as the offer represents a ten-year high...

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21 May 2024 09:48

MUFG Cross-Shareholding - At Least US$20bn of Cross-Shareholding to Sell, Taking It Slow

Following up on our earlier cross-shareholding notes, in this note we look at MUFG (8306 JP)’s cross-shareholding. MUFG had a stake of over US$100m...

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bullishFadu
23 Jul 2023 22:17

Fadu Pre-IPO - Stupendous Revenue Growth but Heavily Reliant on Two Key Customers

Fadu is a South Korean fabless semiconductor maker mainly engaged in flash storage technology innovation. Its core products are Enterprise Solid...

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Ethan Aw
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bullishTrancom Co Ltd
17 Sep 2024 19:38

Trancom (9058 JP): Bain-Sponsored MBO at JPY10,300

The offer represents an all-time high but is lower than the IFA’s midpoint DCF valuation and implies multiples below precedent transaction...

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