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Asian Century Stocks

Asian Century Stocks is a newsletter providing financial journalism for companies and stocks in the Asia-Pacific. 
The Asian Century Stocks logotype “百” stands for “one hundred” or a “century”. The economic centre of gravity is moving towards Asia. Yet most global investors are missing out.

Research from Asian Century Stocks, Asian Century Stocks

Michael Fritzell

Research from Asian Century Stocks

Equity Bottom-Up

Kawai Musical Instruments Manufacturing / Equity Bottom-Up

Kawai Musical Instruments Manufacturing (7952 JP)

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Kawai Musical Instruments Manufacturing (7952 JP — US$153 million) is one of Japan’s largest piano makers.
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It’s famous for its higher-end Shigeru Kawai pianos, which are used in concert halls around the world.
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These pianos are close to Steinways in terms of quality and can cost up to US$240,000. But Kawai also sells mid-priced pianos for younger learners and enthusiasts in 80 countries around the world.
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Kawai Musical Instruments Manufacturing (7952 JP — US$153 million) is one of Japan’s largest piano makers.


It’s famous for its higher-end Shigeru Kawai pianos, which are used in concert halls around the world.


These pianos are close to Steinways in terms of quality and can cost up to US$240,000. But Kawai also sells mid-priced pianos for younger learners and enthusiasts in 80 countries around the world.



河合楽器（7952 JP）：新CEO就任と16%の長期ROE目標を掲げ、株価純資産倍率0.5倍でトップのピアノブランド