Daily BriefsJapan

Japan: Tobila Systems Inc, Loadstar Capital, Softbank Group and more

In today’s briefing:

  • Tobila Systems: The Monopoly that You Probably Never Heard Of (Even as Its Customer)
  • TOPIX Inclusion: Loadstar Capital (3482 JP)
  • Softbank (9984) Strong Bull Elements off of 4,200 Big Support

Tobila Systems: The Monopoly that You Probably Never Heard Of (Even as Its Customer)

By Steven Chen

  • With less than 60 employees, Tobila Systems is the absolute dominator in the space that can make a significant impact on Japan’s society;
  • The valuation starts to look attractive while the fundamentals remain sound;
  • Partly benefiting from being the first entrant to this niche with a robust flywheel business model, the company now “monopolizes” both the supply side and the distribution side.

TOPIX Inclusion: Loadstar Capital (3482 JP)

By Janaghan Jeyakumar, CFA

  • On 11th March 2022, Japan-based real estate investment business Loadstar Capital (3482 JP) announced they had received approval to move from TSE’s Mothers Section to the First Section.
  • Today, they completed this move. This will trigger inclusion into the TOPIX Index at the end of April 2022.
  • In this insight, we take a look at the Index Inclusion Parameters to evaluate the upside potential of the TOPIX Inclusion Event. 

Softbank (9984) Strong Bull Elements off of 4,200 Big Support

By Thomas Schroeder

  • Softbank (9984) exhibits a number of bull elements of off 4,200 macro support with bullish price and indicators supporting a big turn around play.
  • 4,200 macro bull  support induced a reversal and upside gap. Buy volumes improved on recent strength.
  • Bull conviction rests with bull divergence noted in the RSI and MACD amid a bullish price wedge that is maturing.

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