Big in Japan? This Japanese name has bucked the low-returning norm of its home market stocks – and it’s not in technology.
Indus Capital partner John Pinkel calls out a $US2.5bn Japanese liquor and gift retailer Kotobuki Spirits.
This retailer captures the convenience of upmarket gift giving. It delivered a 32 per cent return on invest capital last year and it’s scaling with its own factories and shopfronts.
There’s one in nearly every major Japanese train station – there is even a storefront in George Street, Sydney.
Kotobuki’s profits and returns are growing. “We think this (stock) is outside the AI debate that we will probably still own five years from now,” Pinkel says.
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