Entered Sanshin Electronics (TYO:8150)

Japanese stocks still make out a large chunk of my net-net observation list. Once a month or so I go over the list and select the cheapest or best deal possible. This month I took a position in Sanshin Electronics. As with most Japanese stocks this one was selected on a quantitative basis. However, Sanshin does have some IR info in English.

Sanshin has two business lines. First a device distribution business and second a solution business, where the solution business deals in planning and developing IT infrastructure. The distribution business have a high turnover and slim margins. The solutions business seems to be the more profitable one.

I found a nice write-up of the company on this Swedish blog. Entered at 870¥ or P/NCAV of 0.43.



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