Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

<p>This company makes high end rice cookers (using induction heating technology, which is better than a microprocessor in maintaining the right pressure). These account for about 40% of sales. It makes very well insulated stainless thermos flasks (25% of sales), hot water machines (15%) and other products.  50% of production is overseas and it has production bases in Thailand and China for the lower end products. The high end rice cookers are made in Japan and retail for up to Y100,000. For rice…</p>

This company makes high end rice cookers (using induction heating technology, which is better than a microprocessor in maintaining the right pressure). These account for about 40% of sales. It makes very well insulated stainless thermos flasks (25% of sales), hot water machines (15%) and other products.  50% of production is overseas and it has production bases in Thailand and China for the lower end products. The high end rice cookers are made in Japan and retail for up to Y100,000. For rice…

象印（7965）は成長が明らかに鈍化しているが、株価は現在非常に割安となっている。

Zojirushi Corp

象印（7965）は成長が明らかに鈍化しているが、株価は現在非常に割安となっている。