Big in Japan? This Japanese name has bucked the low-returning norm of its home market stocks – and it’s not in technology. 

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Indus Capital partner John Pinkel calls out a $US2.5bn Japanese liquor and gift retailer Kotobuki Spirits. 

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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. 

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There’s one in nearly every major Japanese train station – there is even a storefront in George Street, Sydney. 

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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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