Japanese Basket

[mjohn707]

John Henry vs the steam hammer I suppose.  You always do find a few of the weird ones manually though

[mjohn707]

Just to update this, I sold my shares of 7314:JP Odawara Auto-Machine for 950 yen, about a 50% return in a pretty short period of time.  I don't know what's going in in Japan, but the behavior of some of these investments seems way different that what I was used to seeing just a few years ago

[mjohn707]

To update, I sold my shares of 6346:JP Kikukawa Enterprise yesterday for 403 yen, about a 40% return on the purchase price 

[Janeo]

Hi there. First time posting and thought I’d give this topic a little bump given the amount of cheap stuff that surfaced/got cheaper due to the poor performance of the JP market over the past yr.

Here’s sharing my holdings in hopes to draw out like-minded investors.

2055.T NICHIWA SANGYO CO LTD
3426.T ATOM LIVIN TECH CO LTD
3892.T OKAYAMA PAPER INDUSTRIES CO
4624.T ISAMU PAINT CO LTD
5900.T DAIKEN CO LTD
5951.T DAINICHI CO LTD
5983.T IWABUCHI CORP
6466.T TOA VALVE ENGINEERING INC
6648.T KAWADEN CORP
6943.T NKK SWITCHES CO LTD
6964.T SANKO CO LTD
7399.T NANSIN CO LTD
7521.T MUSASHI CO LTD
7559.T GLOBAL FOOD CREATORS CO LTD
7877.T EIDAI KAKO CO LTD
7902.T SONOCOM CO LTD
8144.T DENKYOSHA CO LTD
9885.T CHARLE CO LTD

[Spekulatius]

Interesting list. I own 5965.T (Fujimak) and 9142.T ( Railroad/ real estate). The performance and moves of Japanese stock made very little sense to me, but there are a lot of cheap stocks out there. Overall I have done well over the years on contrarian buys of decent to good business.

[mjohn707]

Hi there. First time posting and thought I’d give this topic a little bump given the amount of cheap stuff that surfaced/got cheaper due to the poor performance of the JP market over the past yr.

Here’s sharing my holdings in hopes to draw out like-minded investors.

2055.T NICHIWA SANGYO CO LTD
3426.T ATOM LIVIN TECH CO LTD
3892.T OKAYAMA PAPER INDUSTRIES CO
4624.T ISAMU PAINT CO LTD
5900.T DAIKEN CO LTD
5951.T DAINICHI CO LTD
5983.T IWABUCHI CORP
6466.T TOA VALVE ENGINEERING INC
6648.T KAWADEN CORP
6943.T NKK SWITCHES CO LTD
6964.T SANKO CO LTD
7399.T NANSIN CO LTD
7521.T MUSASHI CO LTD
7559.T GLOBAL FOOD CREATORS CO LTD
7877.T EIDAI KAKO CO LTD
7902.T SONOCOM CO LTD
8144.T DENKYOSHA CO LTD
9885.T CHARLE CO LTD

Interesting list, appreciate the work.  It's funny that a lot of these names were discussed on the board a few years ago, I bet a lot of them had a nice run up and then sold off again.  The Japanese market is completely mysterious to me

[mjohn707]

To update, 6930:JP Nippon Antenna is up 58% @ 1050 yen from the original 665 yen, and I don't think it would be crazy to reduce or sell at this price.  There have been some good signs with this name being that they completed a tender for a decent amount of shares and have had some operating improvements, and current prices are only just around net working capital and maybe 60% of TBV, but probably worth taking some money off the table at the very least

[Janeo]

Grats! Just to update, added 2 new ones over the past month.

6496.T NAKAKITA SEISAKUSHO 
7628.T OHASHI TECHNICA

[mjohn707]

It looks like 8191:JP Hikari Furniture is going private at 6710 yen per share, which is about a 34% return on the purchase price in a bit over a year, at least if I'm reading the filing in translation correctly

[Hielko]

It looks like 8191:JP Hikari Furniture is going private at 6710 yen per share, which is about a 34% return on the purchase price in a bit over a year, at least if I'm reading the filing in translation correctly

Looks like it was delisted a couple of months ago already?