Incredible Streak : IJM reprises its role as #37 from the 20th...{26th Mar '25}

   With Japanese stocks not really rising as the widespread ex-dividend date looms two days away , #37 IJM has to step in to support the winning streak running not far from empty locally, with only six 🎌 paper gainers left [ likely far less once the 28th arrives ]. & about four locally. Nonetheless, a win is a win is a WIN no matter how small and so the miracle sails on...improbably, incredibly & even miraculously !

  Today also witnessed a strange intra-day ramp in Kawase Computer カワセコンピ: the stock suddenly jumped a minute before 2pm Tokyo time & over 415,000 shares were traded before it peaked 5 minutes later at ¥294 before gapping down back to ¥236 & closing at a loss of 2% thus dashing hopes for its role as a streak extender [average price transacted was ¥257.626 ! ]. 

  

   I also finally committed to long-stalked drugmaker Eisai エーザイ at an unchanged  ¥ 4,321 as it narrowly overtakes Yaskawa Electric 安川電機 as the most expensive 🎌stock acquired thus far! 

  

  The former's price is resting on a secondary uptrend line joining the lows in 2003, 2009, 2010 & 2011 and based on P/B &  dividend yields going back to 1976, the fair value suggested is anywhere between ¥ 5,000 and  ¥ 10,000. However, based on EPS, the undervalued range is likely between ¥ 3,000 and  ¥ 4,000. 

    The charts below give a snapshot of financials surrounding the '82 low and the '88 peak, with an adjustment factor of  0.76518 after bonus issues:

Dividend quantum has multiplied almost 21-fold since then, while EPS has increased 3.64 x!