Sold Soft99 Corp (TYO:4464) and some other changes

Japanese stocks are having a strong year, with the Nikkei up ~16%. Some positions in my basket of Japanese stocks have seen large price swings as well. This week I’ve sold two positions in the basket. One of them is Soft99 Corp(TYO:4464), which is up 83% since publication. Back in April, the company was trading […]

Sold two Japanese positions, bought two

Just a quick update on my Japanese holdings. I’ve sold Kikusui Electronics (TYO:6912). The share price has jumped higher over the last couple of weeks. I’ve not been able to find a reason for this rise. Perhaps some traders have become interested in the stock, given its “strong momentum” or something, I don’t know.

Solcom (TYO:1987) looks cheap, Sold Fujimak (TYO:5965)

After Daiken (TYO:5900) last week, I sold my shares of Fujimak (TYO:5965) today. Like Daiken, Fujimak’s stock has also shot up in recent weeks and is up ~75% this year. The company is now selling at 0.72x book value. Fujimak did report pretty strong earnings for their third fiscal quarter. My approach in Japan has […]

Sold Daiken (TYO:5900)

Daiken Co (TYO:5900) has been in my portfolio for a little over two years. The original post about the company can be found here. At the time, Daiken was a Graham net-net and selling at 0.62x NCAV and 0.33x book value. The company was – and still is – a pretty stable performer, producing fairly […]

Activists emerge at Okayama Paper Industries

There has been some activist activity at Okayama Paper Industries (TYO:3892) recently. Okayama Paper has been in my basket of Japanese stocks for quite a while now. Apparently a Japanese hedge fund with a history of shareholder activism has spoken up at an Okayama annual meeting and subsequently demanded an extraordinary shareholders meeting. The company […]