Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

How Much Value Has The Japanese Electronics Industry Destroyed?

If small is beautiful, then is big ugly? Big conservative Japanese companies in fast-changing competitive industries are pig-ugly.

Many people think of Japanese stocks and they think of Sony, which has been a consistent value-destroyer for some time now.

But how much value has the Japanese electronics destroyed as a whole?

Net income: $40 B in the hole

Net assets: -8% per year

Interestingly, removing Hitachi (slightly more diversified model) from the list makes the net asset growth rate -14% per year. To be fair, they are all restructuring now, but that is an impressive rate of loss for so many massive companies.

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