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Is Nippon Shinyaku's 8x Multiple Already the Price of the Uptravi Cliff?October 25, 2026 12 min readPatent CliffLicensing BusinessValue Trap
Mitsui Kinzoku: is ¥1.7tn of owner earnings value real? Separating AI copper foil from the smelterOctober 4, 2026 9 min readAi InfrastructureInventory RiskGrowth Investment
Record ¥106.9bn profit, stock at half its high: what Sumitomo Pharma earns once the one-offs and dilution are stripped outOctober 4, 2026 9 min readTurnaroundStock DilutionParent Subsidiary Listing
Operating Profit Up 63%, Net Income Flat: Has the Market Priced In MITSUI E&S's Shift to Core Earnings?October 4, 2026 10 min readOne Off GainsBusiness TransformationDecarbonization
Toyo Engineering is not a rare-earth stock—what's behind the ¥14.9bn loss, and the FPSO profits outside the consolidated lineOctober 4, 2026 8 min readTurnaroundAdvances ReceivedNational Policy Stocks
Prices doubled, shipments fell: can Kioxia sustain the ¥1.5tn+ in owner earnings its stock implies?October 4, 2026 9 min readSilicon CycleAi InfrastructureOwner Earnings
Profits Nearly Halved, Orders at a Record: How to Read TOYO Corporation's Timing SlipSeptember 25, 2026 6 min readCash RichConsecutive Dividend IncreasesDividend On Equity
Higashi Holdings Beat Its Mid-Term Targets Early—But Flat Guidance Asks What RemainsSeptember 25, 2026 7 min readOwner EarningsGrowth InvestmentCash Distortion
IDEA Consultants (9768): Record Revenue and Profit, Softer Operating Income, Owner Earnings Up 3x—Reading the CapEx ValleySeptember 25, 2026 6 min readOwner EarningsGrowth InvestmentCash Rich
