Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
It's a talent agency crossed with a merchandise empire, crossed with an events business, but it's for a whole new generation of digital entertainers.
Chapter 2: What unique characteristics define the Japanese stock market?
And the reason an investor might be interested, despite what I just said, is that its revenue with one, two, three, four, five, seven years is growing like crazy. It's compounded annual growth rate and revenue This is annual compounded is 62% and yet the stock price is hitting near historical lows.
Welcome to Stock Club, the podcast where we find and discuss stocks that anyone can buy, many of which we believe will go on to grow your wealth. Hello, Mike. How are you this week? I'm good. Should I say konnichiwa? Yes, say konnichiwa.
Chapter 3: How does Sanrio leverage its historical brand for growth?
episode will be going out when you are in japan we are pre-recording it um so we said we would have a look at the japanese market because we were running out of ideas and you were going to be in japan so maybe next week we'll be talking about stocks from the algarve or stocks from costa del sol But we needed to do one that's somewhat evergreen. And I think no better subject than Japan.
What I mean by evergreen, folks, is that we're obviously recording this before I go to Japan. I don't recreate my home studio everywhere I go.
Chapter 4: Why is Smaregi positioned to benefit from Japan's cashless transition?
And it needs to have somewhat of a shelf life, which often when you're commentating on the market's latest story is like three minutes, especially if Mr. Musk is involved. But I give you a laugh. So my friend Peter Slagers of Compounding Quality wrote an email today. in our time, not your time, about Morgan Housel.
And coincidentally, I've had both Peter and Morgan on the show, as you know, Mike. And he reminded me that Morgan said, Japan doesn't only have the longest living humans, It also has the longest living businesses. And so these ultra durable businesses are also known as Shanisa.
And there's approximately 140 businesses in Japan that are claimed to be over 500 years old, and a handful of them claim to be over 1000 years old. So if we can't find and build an evergreen podcast,
from a list of businesses that are ostensibly thousand years old well we can do nothing but let me tell you something this is the bit that gave me the laugh so these 500 odd uh sorry these businesses that have survived for 500 years to 140 or so companies um basically
Chapter 5: How is VRAIN Solution revolutionizing manufacturing with AI?
do it with just two rules they hold tons of cash and they avoid debt which is something peter lynch always said and then and this is the bit i just got a chuckle there's a list of the world's oldest businesses in various different categories First one is the oldest hotel in the world is in Japan, 705 years old. By the way, I'm not going to read out the names because I don't want to go there.
I'm not going to unveil my Japanese pronunciation ignorance.
Chapter 6: What makes ANYCOLOR an unusual player in the media industry?
Oldest hotel, country, Japan, year founded, 705. Oldest machinery company in the world, Japan, year founded, 760. All this religious goods company, Japan, founded 1885. All this confectionery company, Japan, founded in the year 1000.
Chapter 7: How is BuySell Technologies capitalizing on Japan's second-hand market?
All this tea company, Japan. All this metal work company, Japan. All this sake company, hardly surprising, Japan.
Chapter 8: What is OneCareer and how is it transforming recruitment in Japan?
All this pharmacy in the world, Japan. All this pub in the world, Sean's Bar, Ireland.
I was like I was like I got one for this yeah found it in the year 900 I'm like we just can't shake our stereotype are you joking me like we have like the oldest metalworks companies they were probably making samurai swords meanwhile now in fairness don't talk down in John's bar it takes a long lot of stuff now to keep a bar going for over a thousand years so fair play to him
Cash and no debt, seemingly. Well, it's interesting you're talking about cash and no debt because... Have you been to Sean's bar? Sorry, I'm totally... I thought you were going to say, have you been to Japan? Have you been to Sean's bar? I'll have been to Japan before I've been to Sean's bar, which is kind of quite the stretch. Have you been to Sean's bar? No. No, me neither.
And it's in Athlone, is it? Yeah, it's not like it was a thousand years ago. I think it's just a normal pub, but it's been functioning as a pub in that location for over a thousand years. I always thought it was the what's the one there just near Guinness Brewery? The Brazen Head. No, it's the Brazen Head. I think you're right. Yeah. They have an argument with Sean's Bar about it. Oh, have they?
In my head, it's Sean's Bar anyways.
yeah anyway so there you have it so we we have a show today folks that's going to talk about japanese companies and truly there are some magnificent specimens so um shall i go or shall you go mike have you what have you to say on the matter well i just think it's an interesting time as well to talk about japanese businesses in general because you're talking about those legacy companies that operate in a very strict way
that hold loads of cash and all this stuff, it's not actually very shareholder friendly. And there's been a lot of initiatives in Japan to turn that around. So the new prime minister, Sanae Takechi, she's brought in a bunch of pro-growth policies that have really, like, kind of put a turbo rocket into Japanese stocks over the last year.
So there's already, this was in before she came in, but this kind of corporate governance overhaul to essentially become investor friendly. So keeping loads of cash on your books A few buybacks with that, a few dividends to help a brother out here.
And then like to catch you as well, she's bringing in a lot of stuff like infrastructure spending, investment incentives, and then there's an expectation of higher wages as well. So it is becoming a bit less of a sleepy economy and more growth focused. Because remember, we talk about the last decade in the US stock market between 2000 and 2010.
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