Otto Oehring (undervaluedjapan)

GrahamDodd and GARP Investor Goes Japan

[Otto Oehring (undervaluedjapan) @Otone821]

Yodogawa Steel Works (JP:5451) back from the dead?

The "Iron Coffin Lid" has been lifted!

#Japan #valueinvesting

[Otto Oehring (undervaluedjapan) @Otone821]

@RocksOver Replacement cycle might be over. Still has room to improve pachislot business. Did not deliver last FY in that segment as promised. Partially because of low pass rate at format inspection.

They have initiated a little price war in the industry though.

[Otto Oehring (undervaluedjapan) @Otone821]

@DaBao_ Thanks. Unfortunately, can't buy Korean stocks.

[Otto Oehring (undervaluedjapan) @Otone821]

I think the reason why so few investors are attracted to deep value situations in Japan has a lot to do how those investments typically play out.

You get really excited finding that good/ decent business trading below NCAV, good FCF, low EV/ Nopat, paying dividend, etc. ...

[Otto Oehring (undervaluedjapan) @Otone821]

https://t.co/cIDp2XGJkg

[Otto Oehring (undervaluedjapan) @Otone821]

Don't reall get what two decades he is talking about. Activism only returned to Japan around 2015/ 2016.

Has a point about tourist capital though IMHO.

Still can find good value, but certainly has become harder, and I have to adjust my framework to investing.

[Otto Oehring (undervaluedjapan) @Otone821]

@DaBao_ Good luck!

[Otto Oehring (undervaluedjapan) @Otone821]

@DaBao_ Are u following the battle?

[Otto Oehring (undervaluedjapan) @Otone821]

I know. Dividends apparently don't matter at the moment.

But still amazed how Japan Inc. increases dividends after the ex- date.

Today MUFG with a cool 30% above guidance.

[Otto Oehring (undervaluedjapan) @Otone821]

No mention of Nintendo more than doubling year end dividend compared to last FY. Neither, it has increased pay- out 30% compared to ex- date end of March 2026.

Apparently, dividends don't matter.

[TenchInvest @10_ch_10]

Nintendo’s report looks okay at first glance and there will be price increases all across the board. The guidance for the next financial year is however horrible and the stock is down 4% in after hours. Expect a bigger drop tomorrow. #HODL $NTDOY

[Otto Oehring (undervaluedjapan) @Otone821]

Towards National Champions https://t.co/Wt2ipHegeE

[Otto Oehring (undervaluedjapan) @Otone821]

https://t.co/OdBWSujbxS

[Otto Oehring (undervaluedjapan) @Otone821]

@astridwilde1 No. But reason for a great part!

[Otto Oehring (undervaluedjapan) @Otone821]

Gosh. Are people really oblivious of the simple fact that the majority of stocks in Japan have gone ex- dividend today?

[Astrid Wilde 🌞 @astridwilde1]

holy Nikkei batman what is going on in Japan ?? @MikeFritzell ??

[Otto Oehring (undervaluedjapan) @Otone821]

@econ_inclined @MikeFritzell A little older. From 2022 by jesper koll.

[Value Trapped 🇸🇬 @TheLongHappy]

Japan has basically the same number of listed companies as US, which are on average 1/10 the size. 🤯

from @news_hibiki

https://t.co/ZpuNOHAmAt

[Otto Oehring (undervaluedjapan) @Otone821]

Source:

https://t.co/J9zzTq1tfV

[Otto Oehring (undervaluedjapan) @Otone821]

Started writing about my investmentjouney into Japan on blogspot in 2012. Never abondoned Japan since.

But the real vanguard was Peter Cundill. He started going all in 1997, just after the Japanese "Big Bang" Reform.

Here is what he had to say about Investing in Japan:

[Otto Oehring (undervaluedjapan) @Otone821]

Nugget