On Nippon tv (9404): is there really that much equipment? I concluded P/B is rather close to real P/Ev since many financial investments on the balance sheet, not entirely included in shown EV (depending on screener?).
They have not really started on increasing roe and P/b, nore higher dividends or SBB, but there are some goals to increase non tv business/profits.
(I guess based on low P/b shares have performed well YTD but without hedging joy or using jpy loans it was only soso, and not the best buy so far)
Shame not all of these companies have ADRs, but great writeup that broadened my knowledge beyond Sony and Sega!
Glad that you liked it. If you use something like Interactive Brokers, you can directly buy them on the Japanese Stock Exchange!
On Nippon tv (9404): is there really that much equipment? I concluded P/B is rather close to real P/Ev since many financial investments on the balance sheet, not entirely included in shown EV (depending on screener?).
They have not really started on increasing roe and P/b, nore higher dividends or SBB, but there are some goals to increase non tv business/profits.
(I guess based on low P/b shares have performed well YTD but without hedging joy or using jpy loans it was only soso, and not the best buy so far)
https://searching4value.wordpress.com/2023/04/28/some-bets-on-japan-changing-pf-moves/
At least what I found they have quite a lot of equipment. But yeah it probably looks cheaper than it really is.
Anyway there is just too little quality for me to take a position.