In today’s briefing:
- Tinycap Cash-Rich Cookpad (2193) With HUGE Buyback. AGAIN
- What It Takes to Bring Back Overseas Investors once They Have Left ….
- Tsubakimoto Kogyo (8052 Jp) – Q3 Follow-Up
Tinycap Cash-Rich Cookpad (2193) With HUGE Buyback. AGAIN
- Hugely cash-rich Cookpad Inc (2193 JP) wouldn’t hit my radar except for two things. 1) it was the target of Melco Holdings (6676 JP) chairman Maki-san a few years ago…
- And 2) they did a huge buyback last year which pumped up the stock very bigly.
- Maki-San appears long gone from the shares, but now they are doing another big buyback. Just as bigly. But there are new nuances this year.
What It Takes to Bring Back Overseas Investors once They Have Left ….
- Since the ROE of Japanese companies is lower than that of U.S. and European companies, few companies become the companies of choice for long-term investors to invest in.
- Overseas investors bought significant overbought of Japanese equities in previous year, in the hope that the shift to inflation would trigger an improving ROE as they used their cash reserves.
- Simply using cash on hand for shareholder returns doesn’t create value. To bring investors back, the key is to let them know that it won’t take much to see results.
Tsubakimoto Kogyo (8052 Jp) – Q3 Follow-Up
- Tsubakimoto Kogyo Co., Ltd., (hereafter, the Company) announced its Q3(9M) FY2025/3 results on January 31, 2025.
- Net sales and profit were higher than in Q3 FY2024/3 due to the substantial order backlog.
- Growth in Q3 FY2025/3 orders was lackluster due to a falloff from large Q3 FY2024/3 orders from China, but if one excludes those particularly large orders, net sales grew year on year.
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