Asian Century Stocks

Share this post

Reader question: The Bank of Kyoto?

www.asiancenturystocks.com
Other

Reader question: The Bank of Kyoto?

Estimated reading time: 16 minutes

Michael Fritzell
Oct 31, 2021
3
Share this post

Reader question: The Bank of Kyoto?

www.asiancenturystocks.com

Best viewed in your browser

Disclaimer: This article constitutes the author’s personal views only and is for entertainment purposes only. It is not to be construed as financial advice in any shape or form. Please do your own research and seek your own advice from a qualified financial advisor. From time to time, the author may hold positions in the below-mentioned stocks consistent with the views and opinions expressed in this article. This is a disclosure - not recommendations to buy or sell stocks.

two women in purple and pink kimono standing on street

Someone wrote an article on Seeking Alpha a few weeks ago about the Bank of Kyoto’s non-core equity portfolio, which sits on unrealised gains of JPY 1 trillion. Since then, I have discussed the idea with a reader, and I want to share my conclusion with you.

Executive summary

  • Bank of Kyoto is a typical Japanese regional bank with a decent deposit franchise and close relationships with corporate borrowers in the Kyoto Prefecture.

  • What makes the stock stand out is the bank’s JPY 1,163 billion stock portfolio, which inclu…

This post is for paid subscribers

Already a paid subscriber? Sign in
Previous
Next
© 2023 Delante Media Pte Ltd
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing