Two Japanese High-Quality, Niche-Focused Recruitment Agents
We feel it way more difficult to pick between the two than set them apart from the larger crowd, but here is our No. 1 pick if we have to choose.
617 Views
StubWorld: Holdcos Behaving Badly
My second dose of StubWorld for the week is essentially an exercise in illustrating (as is evident) the truly extraordinary moves over the past...
571 Views
Smartkarma Originals
Corporate Governance In Japan
If effectively implemented, the Japan Corporate Governance Code, the Japan Stewardship Code, the Engagement Guidelines and the CGS Guidelines would...
1.2k Views
Smartkarma Originals
Pasona: Odd Man Out In Set-Up Trade
The Pasona Group (2168 JP) story is not new - but worth repeating. Pasona owns ~51% of Benefit One Inc (2412 JP) valued at ¥190bn, exceeding the...
883 Views
Smartkarma Originals
GMO Internet: Listed Holdings Preferred
Applying a deconsolidated book value for the unlisted operations, I see GMO Internet (9449 JP) at a ~30% discount to NAV, a reasonable level for an...
905 Views