In today’s briefing:
- Japan Post Insurance (7181 JP) – Reading Between The Lines
- Toyo Tecnica (8151) – BIG Buyback
- Tokyo Base: A Future Abroad
- Japan’s Gender Gap Index Remains Low. Power to Change the Existing Structure Is Still Invisible.
Japan Post Insurance (7181 JP) – Reading Between The Lines
- Japan Post Insurance (7181 JP) reported soft Q1 Tuesday on negative existing policy premium growth and higher (covid-related) underwriting claims costs. Guidance was unchanged but JPI also announced a buyback.
- The buyback structure is designed to keep Japan Post Holdings (6178 JP) under 50% to continue to abide by the strictures and goals of the Japan Postal Privatisation Act.
- 50% or more will be done in a ToSTNeT-3 buyback Thursday morning 12 August. The rest will be bought on market. Impact is non-negligible. And JPI is cheap cheap cheap.
Toyo Tecnica (8151) – BIG Buyback
- Toyo Corp (8151 JP) is a smallcap electronics firm specialising in sensors/testers/loggers for industrial and data system processes, large scale antennae systems, high tech medical equipment, remote sensing equipment, etc.
- They have seen their (extraordinarily seasonal) revenues go mostly nowhere over the past ten years, but they have, until recently, accumulated cash and securities.
- On 10 August, the company announced a LARGE buyback of up to 8.44% of shares out. The details suggest
Tokyo Base: A Future Abroad
- Tokyo Base rebounded in 2021 thanks to strong support at home and overseas for its Japan-made designs.
- The fashion retailer plans to add new concepts as well as expand more quickly overseas.
- The Japanese fashion sector has taken a beating in the market but over the medium term there will be recovery for the better retailers, particularly those with potential overseas.
Japan’s Gender Gap Index Remains Low. Power to Change the Existing Structure Is Still Invisible.
- In the area of politics, where there is a noticeable lag, there is a system in the electoral system that actually discourages aspiring politicians from becoming politicians.
- The social structure of male dominance is nothing more than maintenance of that structure by groups with vested interests, and risk exists that sensitivity to new values will be dulled.
- Without the forces at work to change existing social structures, the gender gap index isn’t expected to change much next year, but so far we don’t see such forces now.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
