Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Rakus (3923) | Spending Money to Make Money

Small Cap Growth: Rakus (3923) - Sayonara Manual Expenses!

Small Cap Growth: Rakus (3923) - Q2 Sales +28%

Small Cap Growth: Rakus - 42% Growth in Expense Settlement Software

Equity Bottom-Up

<ul style="list-style-type: disc;" role="list">
<li role="listitem" data-leveltext="" data-font="Symbol" data-listid="1" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1"><a href="https://www.smartkarma.com/entities/rakus-co-ltd" target="_blank" data-smartkarma-citation="entities:29200:1" rel="noopener">Rakus Co Ltd (3923 JP)</a>  reported 32.6% sales growth for the full year ended FY3/21 on strong sales of corporate expense settlement software.  </li>
<li role="listitem" data-leveltext="" data-font="Symbol" data-listid="1" aria-setsize="-1" data-aria-posinset="2" data-aria-level="1">The company added over 1,800 corporate accounts over the past year and now services over 7,800 clients. </li>
<li role="listitem" data-leveltext="" data-font="Symbol" data-listid="1" aria-setsize="-1" data-aria-posinset="3" data-aria-level="1">Cloud adoption remains low in Japan and Rakus is well positioned to benefit from the digital transition.  </li>
<li role="listitem" data-leveltext="" data-font="Symbol" data-listid="1" aria-setsize="-1" data-aria-posinset="4" data-aria-level="1">The new Mid-Term Plan prioritizes growth over profitability. Given low penetration rates and low churn, we like that. </li>
</ul>


Rakus Co Ltd (3923 JP)  reported 32.6% sales growth for the full year ended FY3/21 on strong sales of corporate expense settlement software.  
The company added over 1,800 corporate accounts over the past year and now services over 7,800 clients. 
Cloud adoption remains low in Japan and Rakus is well positioned to benefit from the digital transition.  
The new Mid-Term Plan prioritizes growth over profitability. Given low penetration rates and low churn, we like that. 


Japan Small Cap Growth: Rakus (3923) - 42% Again!