[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] [@AltayCapital](/creator/twitter/AltayCapital) "This is not big position but I own some 2201 2267 and eying 2587. The jp staple names have done poorly as well. 2201 is a recent position. My $BTI position is larger than all my other staple bets. I've long said tobacco is a better bet than declining vol high debt US staples"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1943437512070041623) 2025-07-10 22:29:44 UTC 12.6K followers, 2303 engagements "In Tokyo and I'm seeing a lot of this nanocap's carts being used by small businesses and delivery people. This is far from a sexy business but it's almost a double net net. Also realized recently HIKARI TSUSHIN (9435) owns 7.48%"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1749278897496354981) 2024-01-22 03:52:43 UTC 12.6K followers, 27.8K engagements "This is a pretty clean story but the problem is the core bis isn't particularly great *AT FIRST GLANCE*. I know nothing about this co. Forecast XXXX yen per share EPS. Net income / OP has been declining since 2018. mcap: $407m backing out ncav $69m. Backing out long term investments market values them at $XXXX million. or 2.3x op 4x p/e if we back all this out. yes it's cheap but the direction is not great. If things were flat or improving this would be much easier. *I KNOW NOTHING ABOUT THE CO*"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1942406162919694798) 2025-07-08 02:11:32 UTC 12.6K followers, XXX engagements "Quick writeup on the 'Stack about Tokyo Automatic Machinery (TYO 6360) a deep value packaging and production machine co. Packaging sold mostly to domestic companies with production equipment jointly developed and sold to Johnson&Johnson Vision (contact lenses). Free see bio"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1944548260779282675) 2025-07-14 00:03:27 UTC 12.6K followers, 9963 engagements "TOC 8841. JPY 705/share today. Deeply discounted real estate company. 62bn jmcap back out ncav valued at 32bn ish. FMV (appraisals) vs book value of RE reveals gap of XXX bn ish of value. In 2007 management tried to take private at 800/share there was a counter bid at 1100 which was raised to 1300. Couldn't get enough shares to tender at that price so deal died. It's been dead money since. I like it today because 1) TSE reforms pushing for better capital efficiency. 2) co has been doing buybacks. 3) The president (family owns a huge stake) died in January. Taxes due Nov. 4) real estate has"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1944888753732116788) 2025-07-14 22:36:27 UTC 12.6K followers, 5069 engagements "Look at the 'growth' on the U.S. names. Growth comes via debt funded acquisitions. While 2587 has paid down debt and is net cash while revenue growth 5y cagr is higher than CPB. Sure if rates go back down a lot these will prob do well"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1943440491405807710) 2025-07-10 22:41:35 UTC 12.6K followers, 2878 engagements "@dungeoninvest @TheAppInvestor Umamusume mostly. Seeing surprisingly little P5X mentions though the Steam numbers did better than I thought"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1945222814899765449) 2025-07-15 20:43:54 UTC 12.6K followers, XXX engagements "Hikari has a huge public equity portfolio. Good hunting ground for ideas. One way to easily find all Hikari owned names. I just go to to buffet-code major shareholders for ticker and you can see UH Partners Optical Communications and just click into them to see the entire holdings. Alternatively @MikeFritzell aggregated them here (but it's paywalled):"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1945670998331994222) 2025-07-17 02:24:49 UTC 12.6K followers, 3443 engagements "Every time I'm tempted to buy a U.S. CPG stock like $KHC $CPB $CAG etc I end up passing and it's worked out so far. Volume declines high debt glp1. p/e is cheap but I'd rather own nicotine $BTI. JP cpg names also cheaper with net cash. $2587 has growth net cash"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1943436795854885126) 2025-07-10 22:26:54 UTC 12.6K followers, 11.2K engagements "I've owned this one for over a year. It's VERY illiquid. These kinds of stocks you just buy slowly over time if you want some exposure. Never bet too much on any one name unless you've done deep dilligence (I haven't)"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1945671328507531494) 2025-07-17 02:26:08 UTC 12.6K followers, 2050 engagements "Amazing things happen when a company finds religion on shareholder returns. Sankyo is an excellent example It's also in an unloved industry"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1932595697108553805) 2025-06-11 00:28:14 UTC 12.6K followers, 38.8K engagements "Appraised fmv of properties is XXX billion jpy vs book value of XX billion jpy. It trades at 0.6x book value. It's cheap not tiny but p/e not great because near term lease up on their flagship property. Forecast for fy27 is decent"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1942753149493887477) 2025-07-09 01:10:20 UTC 12.6K followers, 4455 engagements "@gw_investing Someone is still bidding this up with decent volume. It's definitely cheap and business is showing solid growth but no longer comically cheap. Hikari Tsushin seems to have upped their stake with purchases as recently as April 7"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1946014596118274428) 2025-07-18 01:10:09 UTC 12.6K followers, XXX engagements "Ok I did it. This is the end of the email I just sent. It translates as: P.S. Your company's mascot character "Kurena Rubina" is kneeling down in disbelief at the current situation in which your company's stock which has a strong financial base is content with a PBR of 0.5"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1943584413616607572) 2025-07-11 08:13:28 UTC 12.6K followers, 2000 engagements "@RocksOver @TheLongHappy They are EVERYWHERE in China. Chinatowns in N. America has them too. Kinda strange to me. Never once needed one of these. Modern phones last all day and power banks are so dang cheap as-is just carry one in your pocket if you might need it. But clearly people use them"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1945316568768098708) 2025-07-16 02:56:26 UTC 12.6K followers, XXX engagements "@gw_investing This has done remarkably well. Someone bid it up XX% an hour before close yesterday with 20k volume. I've pared my position a bit (regrettably) but still own above average basket position. These illiquid names can trade wildly"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1945956426205327419) 2025-07-17 21:19:00 UTC 12.6K followers, 1024 engagements "This nanocap is up X% today no idea why on 10x average volume (albiet low volume). I have not traded this stock at all since this post. The ticker is 5997"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1944614674546438163) 2025-07-14 04:27:22 UTC 12.6K followers, 2292 engagements "@TheLongHappy Too much work $ORR is a good bet which owns some great names. Not as many nanocaps given his size constraints but a lot of good stuff in there and I own some ORR too"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1944614081161519562) 2025-07-14 04:25:00 UTC 12.6K followers, XXX engagements "Another Hikari Tsushin name I own is Japan Oil Transportation (TYO 9074). It's not a net-net but very cheap (and illiquid). Hikari owns XXXX% Mcap: XX billion ($68m USD) P/E: XXX Dividend: XXX% FCF is significantly higher than net income. FCF was XXX billion for FY25"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1945669814594519191) 2025-07-17 02:20:07 UTC 12.6K followers, 7565 engagements "@TheAppInvestor Ragnarok was always popular and the main game never shut down given its popularity despite countless private servers competing. Not really comparable to dragonica"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1945211171528650936) 2025-07-15 19:57:38 UTC 12.6K followers, XX engagements "The company says its because they want to align incentives for the long term increase in corporate value. Do these directors have XX years left to live"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1909891299223986622) 2025-04-09 08:49:04 UTC 12.6K followers, 4309 engagements "I gotta start bombading IR with confused and frustrated versions of their mascot asking why they aren't returning more cash"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1943572398328131862) 2025-07-11 07:25:44 UTC 12.6K followers, 3055 engagements "So many weird Japanese small caps. Zappallas (TYO 3770) for example is a $40m mcap Fortune Telling as a Service company. No joke. Uber model for fortune telling + a physical store Shutting down unprofitable U.S. biz and buying back stock. Turnaround working 10x op inc core biz"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1775314418014011716) 2024-04-03 00:08:35 UTC 12.6K followers, 43.4K engagements "@evfcfaddict They've been buying back stock too The JP cheaper consumer staple names look attractive to me. Morinaga and Yakult both buying back stock too"  [@AltayCapital](/creator/x/AltayCapital) on [X](/post/tweet/1943405673729134990) 2025-07-10 20:23:14 UTC 12.6K followers, XXX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@AltayCapital
"This is not big position but I own some 2201 2267 and eying 2587. The jp staple names have done poorly as well. 2201 is a recent position. My $BTI position is larger than all my other staple bets. I've long said tobacco is a better bet than declining vol high debt US staples"
@AltayCapital on X 2025-07-10 22:29:44 UTC 12.6K followers, 2303 engagements
"In Tokyo and I'm seeing a lot of this nanocap's carts being used by small businesses and delivery people. This is far from a sexy business but it's almost a double net net. Also realized recently HIKARI TSUSHIN (9435) owns 7.48%" @AltayCapital on X 2024-01-22 03:52:43 UTC 12.6K followers, 27.8K engagements
"This is a pretty clean story but the problem is the core bis isn't particularly great AT FIRST GLANCE. I know nothing about this co. Forecast XXXX yen per share EPS. Net income / OP has been declining since 2018. mcap: $407m backing out ncav $69m. Backing out long term investments market values them at $XXXX million. or 2.3x op 4x p/e if we back all this out. yes it's cheap but the direction is not great. If things were flat or improving this would be much easier. I KNOW NOTHING ABOUT THE CO" @AltayCapital on X 2025-07-08 02:11:32 UTC 12.6K followers, XXX engagements
"Quick writeup on the 'Stack about Tokyo Automatic Machinery (TYO 6360) a deep value packaging and production machine co. Packaging sold mostly to domestic companies with production equipment jointly developed and sold to Johnson&Johnson Vision (contact lenses). Free see bio" @AltayCapital on X 2025-07-14 00:03:27 UTC 12.6K followers, 9963 engagements
"TOC 8841. JPY 705/share today. Deeply discounted real estate company. 62bn jmcap back out ncav valued at 32bn ish. FMV (appraisals) vs book value of RE reveals gap of XXX bn ish of value. In 2007 management tried to take private at 800/share there was a counter bid at 1100 which was raised to 1300. Couldn't get enough shares to tender at that price so deal died. It's been dead money since. I like it today because 1) TSE reforms pushing for better capital efficiency. 2) co has been doing buybacks. 3) The president (family owns a huge stake) died in January. Taxes due Nov. 4) real estate has" @AltayCapital on X 2025-07-14 22:36:27 UTC 12.6K followers, 5069 engagements
"Look at the 'growth' on the U.S. names. Growth comes via debt funded acquisitions. While 2587 has paid down debt and is net cash while revenue growth 5y cagr is higher than CPB. Sure if rates go back down a lot these will prob do well" @AltayCapital on X 2025-07-10 22:41:35 UTC 12.6K followers, 2878 engagements
"@dungeoninvest @TheAppInvestor Umamusume mostly. Seeing surprisingly little P5X mentions though the Steam numbers did better than I thought" @AltayCapital on X 2025-07-15 20:43:54 UTC 12.6K followers, XXX engagements
"Hikari has a huge public equity portfolio. Good hunting ground for ideas. One way to easily find all Hikari owned names. I just go to to buffet-code major shareholders for ticker and you can see UH Partners Optical Communications and just click into them to see the entire holdings. Alternatively @MikeFritzell aggregated them here (but it's paywalled):" @AltayCapital on X 2025-07-17 02:24:49 UTC 12.6K followers, 3443 engagements
"Every time I'm tempted to buy a U.S. CPG stock like $KHC $CPB $CAG etc I end up passing and it's worked out so far. Volume declines high debt glp1. p/e is cheap but I'd rather own nicotine $BTI. JP cpg names also cheaper with net cash. $2587 has growth net cash" @AltayCapital on X 2025-07-10 22:26:54 UTC 12.6K followers, 11.2K engagements
"I've owned this one for over a year. It's VERY illiquid. These kinds of stocks you just buy slowly over time if you want some exposure. Never bet too much on any one name unless you've done deep dilligence (I haven't)" @AltayCapital on X 2025-07-17 02:26:08 UTC 12.6K followers, 2050 engagements
"Amazing things happen when a company finds religion on shareholder returns. Sankyo is an excellent example It's also in an unloved industry" @AltayCapital on X 2025-06-11 00:28:14 UTC 12.6K followers, 38.8K engagements
"Appraised fmv of properties is XXX billion jpy vs book value of XX billion jpy. It trades at 0.6x book value. It's cheap not tiny but p/e not great because near term lease up on their flagship property. Forecast for fy27 is decent" @AltayCapital on X 2025-07-09 01:10:20 UTC 12.6K followers, 4455 engagements
"@gw_investing Someone is still bidding this up with decent volume. It's definitely cheap and business is showing solid growth but no longer comically cheap. Hikari Tsushin seems to have upped their stake with purchases as recently as April 7" @AltayCapital on X 2025-07-18 01:10:09 UTC 12.6K followers, XXX engagements
"Ok I did it. This is the end of the email I just sent. It translates as: P.S. Your company's mascot character "Kurena Rubina" is kneeling down in disbelief at the current situation in which your company's stock which has a strong financial base is content with a PBR of 0.5" @AltayCapital on X 2025-07-11 08:13:28 UTC 12.6K followers, 2000 engagements
"@RocksOver @TheLongHappy They are EVERYWHERE in China. Chinatowns in N. America has them too. Kinda strange to me. Never once needed one of these. Modern phones last all day and power banks are so dang cheap as-is just carry one in your pocket if you might need it. But clearly people use them" @AltayCapital on X 2025-07-16 02:56:26 UTC 12.6K followers, XXX engagements
"@gw_investing This has done remarkably well. Someone bid it up XX% an hour before close yesterday with 20k volume. I've pared my position a bit (regrettably) but still own above average basket position. These illiquid names can trade wildly" @AltayCapital on X 2025-07-17 21:19:00 UTC 12.6K followers, 1024 engagements
"This nanocap is up X% today no idea why on 10x average volume (albiet low volume). I have not traded this stock at all since this post. The ticker is 5997" @AltayCapital on X 2025-07-14 04:27:22 UTC 12.6K followers, 2292 engagements
"@TheLongHappy Too much work $ORR is a good bet which owns some great names. Not as many nanocaps given his size constraints but a lot of good stuff in there and I own some ORR too" @AltayCapital on X 2025-07-14 04:25:00 UTC 12.6K followers, XXX engagements
"Another Hikari Tsushin name I own is Japan Oil Transportation (TYO 9074). It's not a net-net but very cheap (and illiquid). Hikari owns XXXX% Mcap: XX billion ($68m USD) P/E: XXX Dividend: XXX% FCF is significantly higher than net income. FCF was XXX billion for FY25" @AltayCapital on X 2025-07-17 02:20:07 UTC 12.6K followers, 7565 engagements
"@TheAppInvestor Ragnarok was always popular and the main game never shut down given its popularity despite countless private servers competing. Not really comparable to dragonica" @AltayCapital on X 2025-07-15 19:57:38 UTC 12.6K followers, XX engagements
"The company says its because they want to align incentives for the long term increase in corporate value. Do these directors have XX years left to live" @AltayCapital on X 2025-04-09 08:49:04 UTC 12.6K followers, 4309 engagements
"I gotta start bombading IR with confused and frustrated versions of their mascot asking why they aren't returning more cash" @AltayCapital on X 2025-07-11 07:25:44 UTC 12.6K followers, 3055 engagements
"So many weird Japanese small caps. Zappallas (TYO 3770) for example is a $40m mcap Fortune Telling as a Service company. No joke. Uber model for fortune telling + a physical store Shutting down unprofitable U.S. biz and buying back stock. Turnaround working 10x op inc core biz" @AltayCapital on X 2024-04-03 00:08:35 UTC 12.6K followers, 43.4K engagements
"@evfcfaddict They've been buying back stock too The JP cheaper consumer staple names look attractive to me. Morinaga and Yakult both buying back stock too" @AltayCapital on X 2025-07-10 20:23:14 UTC 12.6K followers, XXX engagements