Daily BriefsJapan

Japan: Tama Home and more

In today’s briefing:

  • Japan’s Governance: Human Rights Policy

Japan’s Governance: Human Rights Policy

By Aki Matsumoto

The share price of Tama Home (1419) plunged this week after unfortunate comments about human rights surfaced. The mid-sized custom home builder announced earnings above consensus in its May 2021 results released on July 12. Amid falling stock market prices, the share price rose sharply as the strong performance in the previous fiscal year’s positive earnings highlighted the undervalued aspects of the company’s previously low P/E (there are many companies in this industry with low P/Es), but this comment, combined with profit-taking selling, caused the share price to drop sharply.

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