This is a companion piece to the Equity Analysis I released last week about Miroku Jyoho Service Co. , if you haven’t read it yet, I recommend checking it out here:
This is a solid growth company in a small but growing niche that has been around for a while and has regularly provided capital to its shareholders.
While I don’t believe it is glaringly undervalued, it may still provide a suitable return to investors who would like to own a piece of the Japanese economy.
Full disclosure, on the 31st of July the company disclosed on their Japanese Investor relations website that they had been the victims of fraud on the part of one of their employees.
You can find my take on it here:
Let me know what you think!