I have 5658 since September and 5697 since November, they are cheap and there are chances of Nippon Steel buying them with a premium. I'm glad we are looking at the same names as I started investing in Japan mainly because your substack.
Mk Seiko Co Ltd (5906) is another interesting one. P/TBV < 0.5 and pays a non-growing dividend. Need to read up on what happened in 2022 but it's a bit difficult since their only financial reports are in Japanese (as far as I could find).
I have 5658 since September and 5697 since November, they are cheap and there are chances of Nippon Steel buying them with a premium. I'm glad we are looking at the same names as I started investing in Japan mainly because your substack.
I would use EV/EBIT instead of P/E. I think P/E is outdated and most studies show that low EV/EBIT stocks outperform low P/E stocks.
Mk Seiko Co Ltd (5906) is another interesting one. P/TBV < 0.5 and pays a non-growing dividend. Need to read up on what happened in 2022 but it's a bit difficult since their only financial reports are in Japanese (as far as I could find).
Thanks for the correction! The disclosure requirements for being listed are increasing and I suspect it will lead to more win-win MBOs.