Shingo Lavine

2x founder, 2x exited. Builder and experimenter.

[Shingo Lavine @shingolavine]

1798.T Moriya Corporation

Micro cap with barely any volume. Capital allocation seems ok - they at least return $ through dividends

Probably won't buy (can't really buy anything substantial)

[Shingo Lavine @shingolavine]

Another fun one from the Japanese Stock Market

100+ year old construction company from Nagano

- trades at ~.65x book, P/E ~4, revenues have been growing 8-12% for last several years

Deep value investing seems alive and well in Japan

[Shingo Lavine @shingolavine]

Been so interesting going down the rabbit hole of Japan Deep Value investors on X.

I thought I was the crazy one for betting so big on Japanese stocks a couple years ago. Looks to be a big trend of foreign investment in Japan

Respect to those sharing amazing info here🫡

[Shingo Lavine @shingolavine]

@travislundyasia Thanks for insight - I noticed a lot of that as well. Derivative lawsuit and AGM proposals also didn't seem to have much impact either?

[Shingo Lavine @shingolavine]

Been looking at a publicly listed company in Japan where 50% of their MC is their net cash position and 150% of their market cap is in a publicly listed foreign bank

Japanese stock market is wild lol

[Shingo Lavine @shingolavine]

@travislundyasia Do seem to be some secular changes in Japan with new PM and new TSE rules, but also just a very different culture towards minority shareholders and less accountability