When Bloomberg interviewed fund managers and analysts regarded as buffett watchers about Japanese stocks that famous American investor Warren Buffett, who bought more shares of Japan's five major trading companies this year, insurance stocks such as Tokio Marine Holdings, major bank stocks, Shin-Etsu Chemical, Fujifilm Holdings, etc. were mentioned.
In Buffett's stock selection, it is known that maintaining a cheap and high return on equity (ROE) and long-term and stable performance growth are important criteria. Excluding Shin-Etsu Chemical Industries, the stocks listed this time seem to have slightly inferior ROE compared to the stocks of the five major trading companies. However, the dividend yield is comparable, and the stock price-net asset ratio (PBR) is also low, so it can be said that there is a sense of undervaluation. In particular, major non-life insurance stocks have also recently declined due to reports of advance adjustments to corporate insurance premiums.
According to the Bloomberg article on the 11th, Takeda Masakazu Portfolio Manager manages the Hennessy Japan Fund on a scale of 294 million dollars (about 43.7 billion yen) at Sparks Asia Investment Advisors Limited in Hong Kong...