It seems that the asset management company Orvis Investments, which concentrated on investing in Japanese trading company stocks ahead of famous investor Warren Buffett and also accurately captured this year's bank stock appreciation, is aiming for the drugstore industry next. $TSURUHA HOLDINGS INC (TSUSF.US)$Ya $SUGI HOLDINGS CO.LTD. (SGIPF.US)$Stock buybacks are conspicuous. President Tokikoku Tsukasa of Orvis Investments Japan Corporation pointed out in response to Bloomberg's coverage that the drugstore industry has the following three medium-term growth drivers.
[Drugstore medium- to long-term growth drivers]
① There is room for conformism and balance: The US has already been consolidated into about 2 major companies (CVS Health, Walgreens Boots Alliance), but there is a high possibility that Japan will reorganize in the future
② You can gain share of dispensing pharmacies: By using one corner of the sales floor, there is no need for additional costs such as real estate
③ You can earn supermarket shares: We have secured high profit margins in pharmaceuticals and cosmetics, and food at low prices...

$Nippon Steel (5401.JP)$by US peers $United States Steel (X.US)$The 2 trillion yen acquisition is unpredictable due to internal affairs issues in the United States,Exploring the “next target” of major steel manufacturersTherefore, there are also elements that are helpful. Among them, what is particularly helpful is that one of Nippon Steel's aims is that there is a small-scale electric furnace (electric furnace) called a “mini mill” owned by US Steel (USS). Compared to the blast furnace method, which makes steel from iron ore, the electric furnace method, which makes steel by melting steel scrap, has overwhelmingly low carbon dioxide emissions,It is said that there will be a shift from blast furnaces to electric furnaces in the future due to the trend of decarbonization。
Within Japan, blast furnace manufacturers are Nippon Steel and $JFE Holdings (5411.JP)$Whereas it has been reorganized around the top 2Electric furnace manufacturers have been delayed in restructuring. The future, centering on the top 2 blast furnaces with financial resourcesIt is also expected that the restructuring of electric furnace manufacturers will progress。
Small-scale electric furnaces that Nippon Steel wants
The materials released by Nippon Steel on December 18 regarding the acquisition agreement with the USS are the common goals of both companies...