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I am a former oil stock analyst now living in Tokyo. I do not just look at net net Japanese stocks, but rather find companies that have recurring revenues and some kind of competitive advantage, as well as being extremely cheap.
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Smart Japanese stocks
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Smart Japanese stocks
  • Is There A Discount For Buying Stocks Outside Tokyo? 0 comments
    Jun 12, 2012 4:58 AM

    I generally focus on small cap companies, because clearly that is where the biggest disparities in terms of valuation lie.

    I decided to quickly check whether this tendency can be seen across the entire stock exchange.

    Bar graph and data

    I checked the proportion of companies by PE group listed on the Tokyo first section, those listed in Tokyo other than on the first section, and companies listed in Japan other than those in Tokyo.

    Note that in the diagram below, the categories are not uniform. The reason for this is that due to Microsoft's lack of ingenuity, there is no apparent way to make a histogram in Excel.

    (click to enlarge)

    And here is the data:

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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