Deep-dives
freee (4478 JP)
Japanese SME business platform at 3.7x EV/Sales
Japan
Japan's Iron Lady
An attempt to figure out whether the appointment of Sanae Takaichi as the next Prime Minister will have any implications for Japanese equities
Japan
Logizard (4391 JP)
Leading Japan warehouse management SaaS at 1.0x EV/Sales
Japan
Mercari (4385 JP)
Japan’s leading C2C trading app at 14x P/E with margin uplift potential
Japan
AeroEdge (7409 JP)
A Japanese version of Precision Castparts at 12x 2027e P/E
Japan
Hikari Tsushin's portfolio
Estimated reading time: 16 minutes
Japan
Kawai Musical Instruments (7952 JP)
Top piano brand at 0.5x book with a new CEO and a 16% long-term ROE target
Japan
Anicom (8715 JP)
Japanese pet insurance company with secular growth at 13x P/E
Japan
Nippon Parking Development (2353 JP)
Irreplaceable assets with +12% historical EPS CAGR at 13x P/E
Thematic reports
Japan's top 2024 IPOs
Estimated reading time: 16 minutes
Japan
Poper (5134 JP)
Japanese cram school SaaS service at 1.7x EV/Sales
Deep-dives
Subaru (7270 JP) － 2025 update
Estimated reading time: 18 minutes