$14.5 million market cap company with history of losses is inflecting to profitability and will begin paying dividends. Screens poorly today, but will screen much better soon
Got an email asking "Why would a chinese tourist book a banquet hall in Japan? who is the ideal customer?" figured I'd answer here as well.
They operate regular restauraunts as well as banquet halls at their facilities. Individual Chinese tourists I imagine are most likely out of any tourist group to visit a Chinese restauraunt. The company cites the increase in tourism as a tailwind.
Their ideal customers are anyone in medium sized to large groups as their facilities are designed to handle smaller groups wanting a private room (12 people) to their largest facility designed to handle up to 400 people. These are ideal for parties, conferences, birthdays, meeting spaces, and even shareholder meetings! They list some possible uses here
The business has historically been poorly run. The bet is post COVID they got serious about running it more efficiently. Time will tell if that proves true or just a temporary thing.
Nanocap writeups teach me things about the world. Wouldn’t have guessed the China->Japan tourism numbers were this big or had these impacts. Happy New Year Altay!
Got an email asking "Why would a chinese tourist book a banquet hall in Japan? who is the ideal customer?" figured I'd answer here as well.
They operate regular restauraunts as well as banquet halls at their facilities. Individual Chinese tourists I imagine are most likely out of any tourist group to visit a Chinese restauraunt. The company cites the increase in tourism as a tailwind.
Their ideal customers are anyone in medium sized to large groups as their facilities are designed to handle smaller groups wanting a private room (12 people) to their largest facility designed to handle up to 400 people. These are ideal for parties, conferences, birthdays, meeting spaces, and even shareholder meetings! They list some possible uses here
https://www.totenko.co.jp/banquet/
The business has historically been poorly run. The bet is post COVID they got serious about running it more efficiently. Time will tell if that proves true or just a temporary thing.
Nanocap writeups teach me things about the world. Wouldn’t have guessed the China->Japan tourism numbers were this big or had these impacts. Happy New Year Altay!
I do a lot of reading/research on nanocaps and it's a lot of fun. I rarely take positions but it's always a good learning experience.
Thaank you. Happy New Year :)
14.5m market cap company eh lol
Yeah, this one is TINY and too small for most