Digging into Overlooked Small and Micro Caps, Numbers Not Narrative

Jakub Magaram

Digging into Overlooked Small and Micro Caps

Numbers Not Narrative

Digging into overlooked small and micro caps where the numbers tell a better story than the market does.

Equity Bottom-Up

Ai Robotics, Inc. engages in the sale of hair dressing equipment through online. It offers costumes, oils and fairness creams under Yunth, Brighte, Loem Tokyo, and Niji Protein brands. The company was founded by Makoto Tatsukawa in April 2016 and is headquartered in Tokyo, Japan.

<ul><li>Not my usual kind of company I often write about Japanese and Korean companies that nobody has covered in English before.</li><li>Ai Robotics is a bit different. It publishes its results and IR materials in English, and Philipp Haas, a fund manager and Substack author, has already written it up and owns the shares in his fund.</li><li>On top of that, I usually avoid AI, robotics and chip stocks, but this business is not what the name suggests.</li></ul>

Not my usual kind of company I often write about Japanese and Korean companies that nobody has covered in English before.Ai Robotics is a bit different. It publishes its results and IR materials in English, and Philipp Haas, a fund manager and Substack author, has already written it up and owns the shares in his fund.On top of that, I usually avoid AI, robotics and chip stocks, but this business is not what the name suggests.

Ai Robotics (TSE: 247A): A Japanese Beauty Company With a Plan to Grow Its Value 17x by 2029

KeePer Technical Laboratory / Equity Bottom-Up

KeePer Technical Laboratory Co., Ltd. develops, manufactures, and sells car coatings, car washing chemicals and equipment. The Company also operates Keeper PROSHOP" certified car coating technology shops and "Keeper LABO" car coating and car wash specialty shops. KeePer Technical Laboratory conducts businesses in Japan.

<ul><li>A KeePer coating is a thin glass film that goes onto car paint.</li><li>The cheapest one, Crystal KeePer, takes a couple of hours and costs ¥18,200, about $117, on a small car.</li><li>The most expensive, W Diamond KeePer, takes most of a day and costs ¥108,000, about $690, on a large one.</li></ul>

A KeePer coating is a thin glass film that goes onto car paint.The cheapest one, Crystal KeePer, takes a couple of hours and costs ¥18,200, about $117, on a small car.The most expensive, W Diamond KeePer, takes most of a day and costs ¥108,000, about $690, on a large one.

Japan's Gas Stations Are Dying. This Company Sells Them a Way Out.

Protia Inc. manufactures and distributes medical devices. The Company produces vitro diagnositic test kits, allergy diagnosis kits, immunity monitoring kits, next generation pregnancy diagnosis kits, and other related products. Protia markets its products worldwide.

<ul><li>A test strip is a piece of paper about the size of a stick of gum, and the number of allergies it can check is simply the number of thin lines you can print on it.</li><li>Printing one more line costs almost nothing.</li><li>That is one half of why this business works; the other half is that the strip only fits its own machine.</li></ul>

A test strip is a piece of paper about the size of a stick of gum, and the number of allergies it can check is simply the number of thin lines you can print on it.Printing one more line costs almost nothing.That is one half of why this business works; the other half is that the strip only fits its own machine.

The Nespresso Model, Applied to Hospital Labs: Sell the Reader Once, Sell the Strips Forever

Hyundai Corporation Holdings Inc. provides agricultural services. The Company operates brand licensing business, livestock wholesale business, and other food businesses.

<ul><li>Hyundai Corporation Holdings (KOSPI: 227840, 현대코퍼레이션홀딩스) collects a fee every time somebody sells a generator, a power tool or an air conditioner under the HYUNDAI logo somewhere outside Korea.</li><li>It also owns a quarter of a ₩8.7 trillion trading house, imports frozen meat, makes cardboard boxes in Cambodia and grows shiitake mushrooms in Lancashire.</li><li>The whole thing is worth ₩122.2bn (US$86m) and no broker has published a report on it since May 2021.</li></ul>

Hyundai Corporation Holdings (KOSPI: 227840, 현대코퍼레이션홀딩스) collects a fee every time somebody sells a generator, a power tool or an air conditioner under the HYUNDAI logo somewhere outside Korea.It also owns a quarter of a ₩8.7 trillion trading house, imports frozen meat, makes cardboard boxes in Cambodia and grows shiitake mushrooms in Lancashire.The whole thing is worth ₩122.2bn (US$86m) and no broker has published a report on it since May 2021.

Hyundai Corporation Holdings (227840): The Double Discount, and a Royalty Business for 1x Earnings

KIYO Learning Co., Ltd. offers internet educational services. The Company provides online qualification courses, employee training courses, and others. KIYO Learning provides its services throughout Japan.

<ul><li>The first two were Korean. I-Scream Media sells lesson software to 93 percent of Korean primary school teachers.</li><li>IB Kimyoung earns a 150 percent return on capital and yields 15 percent.</li><li>Both are small, both are ignored, and both sell something unglamorous to people who need a qualification.</li></ul>

The first two were Korean. I-Scream Media sells lesson software to 93 percent of Korean primary school teachers.IB Kimyoung earns a 150 percent return on capital and yields 15 percent.Both are small, both are ignored, and both sell something unglamorous to people who need a qualification.

A Japanese Exam Company Selling For Less Than The Cash In Its Bank