Japanese Turnaround Situations, Short-Ideas, Azabu Research

Michael Allen

Japanese Turnaround Situations, Short-Ideas

Azabu Research

Azabu Research is a publishing and consulting firm focused on distressed equities in the Japanese market. We specialize in turnaround strategies, corporate combinations, divestitures, and restructuring.

Publisher of the Tokyo Turnaround Letter, which conducts the most thorough research possible of publicly available information, including forensic tests for fraudulent overstatement of assets and understatement of liabilities, as well as rigorous market and industry analysis to assess the underlying strengths of the company’s products or services, the appropriateness of the company’s turnaround strategy, and the skill of its current management team. The average length of a report exceeds 25 pages of text and tables, excluding any disclosures or executive summaries.

We have more than 30 years of experience in applying this process to distressed equities in Japan. Additionally, subscribers have free access to detailed, yet easily navigated earnings models for the target company as well as the top five comparable companies, and unlimited access to the analyst for follow-up questions.

Azabu Research also conducts be-spoke research on a project basis, and provides consulting services to companies looking to restructure, divest, make acquisitions, go public, or improve investor sentiment toward their stock.

Independent Research and Consulting Firm

Equity Bottom-Up

<ul>
<li>Okamura trades at a PBR of 1.0 and a PER of 8.6 despite earning more than 12% return on equity.</li>
<li>Okamura’s new AI-driven warehouse automation system is a potential game-changer as it reduces costs and improves decision making for mid-sized enterprises.</li>
<li>Management’s incentives are still poorly aligned with the interests of shareholders, and their performance is well below potential.</li>
</ul>


Okamura trades at a PBR of 1.0 and a PER of 8.6 despite earning more than 12% return on equity.
Okamura’s new AI-driven warehouse automation system is a potential game-changer as it reduces costs and improves decision making for mid-sized enterprises.
Management’s incentives are still poorly aligned with the interests of shareholders, and their performance is well below potential.


Okamura (7994): Why Management Incentives Are So Important

Japan

Uchida Yoko Co., Ltd. trades office equipment, office furniture, and educational materials.  The Company handles products such as chairs, conference tables, work stations, magic markers, microscopes, and computer hardware and software. Uchida Yoko possesses a vast nationwide wholesale network and a global production network.

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52-week Range	0.00 - 0.00
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Uchida Yoko (8057 JP)

Okamura (7994): Why Management Incentives Are So Important

Okamura's undervalued stock and innovative AI warehouse system have potential, but management's incentives need to be juiced up.

Michael Allen

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Okamura (7994): Why Management Incentives Are So Important

​Okamura's undervalued stock and innovative AI warehouse system have potential, but management's incentives need to be juiced up.

Michael Allen

Okamura's undervalued stock and innovative AI warehouse system have potential, but management's incentives need to be juiced up.