In today’s briefing:
- Kawasaki Heavy (7012) | Hydrogen Strategy Ignites Stock Market
- Yaoko: 34 Years of Record Profits
- Skymark Airlines Lockup Expiry – Still Doesn’t Seem Cheap with 50% of the Shares Being Unlocked
- Diversity and Human Rights Are Also Challenges in Solving the Problem of Population Decline
Kawasaki Heavy (7012) | Hydrogen Strategy Ignites Stock Market
- Japan’s newly approved hydrogen strategy has ignited a stock market rally in related names: KHI (+20%) Iwatani (+15%) Kansai Elec (+2%)
- Japan government approved higher supply targets for hydrogen to bring the hydrogen strategy in line with the most recent energy mix targets
- Kawasaki Heavy Industries plays a key role in Japan’s hydrogen supply chain, specializing in liquefied hydrogen and innovative initiatives
Yaoko: 34 Years of Record Profits
- One of the few long-term success stories in supermarkets is Yaoko, which recently celebrated 34 consecutive years of record operating profits.
- Thanks to a combination of innovation and attention to detail, Yaoko’s financial performance continues to trounce larger rivals in the highly competitive food market in Kanto.
- With Japan’s supermarket sector about to enter a period of consolidation, Yaoko will be one of the leaders.
Skymark Airlines Lockup Expiry – Still Doesn’t Seem Cheap with 50% of the Shares Being Unlocked
- Skymark Airlines (9204 JP) raised US$242m in its Japan IPO. The shares began to trade on 14th Dec 2022, its six-month lockup will expire on 11th Jun 2023.
- Skymark Airlines (SA) is a Japanese low-cost airline, being the third largest domestic airline according to the company. Unlike major airlines and other low-cost carriers, Skymark operates only domestic flights.
- In this note, we will talk about the lock-up dynamics and updates since our last note.
Diversity and Human Rights Are Also Challenges in Solving the Problem of Population Decline
- Population decline is not far in the future, and a situation is looming where rural municipalities will no longer be able to function to support social infrastructure.
- The government is sticking to maintain the foreign technical internship in industries where labor is in short supply, and managing the number of foreign workers accepted for 5-10 year time-limit.
- Accepting foreigners means that people must live in a society that recognizes diversity and each other’s human rights. Unfortunately, we are not ready to create such a society.
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