Ai Robotics (TSE: 247A): A Japanese Beauty Company With a Plan to Grow Its Value 17x by 2029

At ¥899 a share, Ai Robotics is worth ¥58.5bn, or about $370m. It sells skincare, hair dryers and salon products, and its sales have doubled four years…

18 hrs ago • Jakub | Numbers not Narrative

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September 2026

Japan's Gas Stations Are Dying. This Company Sells Them a Way Out.

6,661 Japanese gas stations already sell KeePer coatings under licence. Now the best of them are converting into franchises. It trades at less than 10…

Sep 10 • Jakub | Numbers not Narrative

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August 2026

The Nespresso Model, Applied to Hospital Labs: Sell the Reader Once, Sell the Strips Forever

PROTIA has its readers in nine of Korea's ten biggest labs and grows 40% a year. The stock costs 11x operating profit, and the reason is in the filings.

Aug 27 • Jakub | Numbers not Narrative

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Hyundai Corporation Holdings (227840): the double discount, and a royalty business for 1x earnings

A ₩37.8bn royalty stream sits on this balance sheet at a net book value of ₩0.1bn. The market pays ₩25bn for it and throws in other businesses worth…

Aug 18 • Jakub | Numbers not Narrative

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KIYO Learning (TYO: 7353): A Japanese Exam Prep Micro Cap That Trades Below Its Own Cash

The 3.8 billion yen company behind Studying.jp is an asset play and a fast grower in the same ticker, which is not supposed to happen. Third in my…

Aug 6 • Jakub | Numbers not Narrative

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July 2026

IB Kimyoung (KOSDAQ: 339950): A 150% Return on Capital, a 15% Yield, and a Catch

The Korean microcap the screeners miss. A dominant little business, a mountain of idle cash, and a controlling parent. I read the filings so you can…

Jul 21 • Jakub | Numbers not Narrative

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i-Scream Media (KOSDAQ: 461300): 93% of Korea's Teachers, Four Times Earnings

A capital-light compounder hiding on the Korean micro-cap market. 31% margins, a return on capital most companies dream of, a near-10% dividend, and a…

Jul 13 • Jakub | Numbers not Narrative

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June 2026

Dongsung FineTec (KOSDAQ: 033500): the market is pricing peak. The order book says otherwise.

A ~₩550bn cryogenic-insulation maker trading at under 9× earnings, with a 25% ROE, net cash, and three years of revenue already signed.

Jun 22 • Jakub | Numbers not Narrative

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Greens Co. (TSE: 6547): the quiet Japanese hotel chain riding the inbound boom

Operating profit is up a third. Reported net income is down. Here's the optical illusion, and the business underneath it.

Jun 5 • Jakub | Numbers not Narrative

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Zinzino (STO: ZZ B): A Scandinavian Compounder Wearing an MLM Costume

The market prices Zinzino as a network-marketing fad about to roll over. The financials describe a debt-free, ~48%-ROIC business compounding operating…

Jun 5 • Jakub | Numbers not Narrative

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Total Soft Bank (KOSDAQ: 045340): The Quiet Korean Software Company That Runs the World's Container Ports

Total Soft Bank just reported one of its strongest quarters ever, and it's still flying under most investors' radar.

Jun 5 • Jakub | Numbers not Narrative

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