ニチダイ Nichidai is my latest foray into the Tokyo mart, after Rokko Butter 六甲バター & Seiwa Chuo 清和中央 earlier this week

 At a 26.8% discount to its trading range after listing in 2000, when its NTA was just 550 & its revenue having increased 43% in the last quarter century, I figured Nichidai ニチダイ was a good purchase 7 years after it was ramped furiously from 600 to 3980 & deflated 91% since then, as said NTA has more than doubled & CAR has improved from 41% in 2003 to over 72% now, accompanied by a 30% increase in total assets. 

On the flip side, ROE has gone from 8% to below 1% while dividend has shrunk by almost 2/3rds to 6 per share & its full-year EPS is projected to be -ve 26.2 but is still less than half the quantum of loss in '22 & '23.

As for the latter two, I bought them betting that investors would eventually chase the prices up approaching the Dec 29th 2025 ex-dividend dates, with a 9-week runway to accommodate the ascent, with the October danger period almost in the rearview mirror.