Miracle Streak : Petra Energy returns after 17 months to contribute to the Record 357 straight days later ! {2nd Mar '26}

 

As crude oil jumps 9% on the outbreak of violence in the Middle East, the opportunity to re-EXIT buoyant shares of loss-making Petra Energy is taken, after wins in '24, '22 & '19 to carry the streak into consecutive month #68!

🎌 Stock Focus : Orient Corpオリコ [8585] & others

 

The above car loans issuer is interesting to me as an activist fund has been accumulating shares from first crossing the 5% threshold [8,986,800] on 1st July '25 till its stake reached 10.77% [18,505,000] on 10th Feb '26. The record EPS was way back in '82 [ top snapshot ], which, adjusted for 2 reverse share-splits, is 14x the forecast FY '26 figure of  ¥70.1. Surprisingly, former 16% holder Itochu has cut its stake to below 5% while banking giant Mizuho has remained its major holder with over 48% for more than a decade. 

The stock is about 16% undervalued if a direct comparison of the '82 EPS relative to stock price with the forecast '26 EPS relative to today's price is made. However,  yen rates were over 7% back then compared to the 0.5% now so such an analogy is probably erroneous. What probably does support buying it now is that the 3Q profit progress rate of 94% versus the previous 2 years' figures of 68.5% & 62.3% respectively. Capital adequacy has also advanced two % points to 8.2% this year while dividend yield is a respectable 3.4%. 

Due to massive losses of over (¥89), (¥17) & (¥102 billion) in financial years '01-'03, book value fell below zero, going from (¥54) in '05 to (¥543) in '07,clawing back to  (¥136) in '12 & turning +ve to ¥781 by '15. Dividends were halted for many years, resuming only briefly in '06 at 75% of this year's payout & then again at 50% of March's quantum in '17, '18 & '19 and then increasing to the '06 level from '20 till '22 before reaching this year's level from '23 onwards. Its stock has barely doubled from the 2010 low of ¥52 despite the earnings almost doubling since 2013. Of course, it rocketed by almost 5-fold anticipating a jump in EPS to ¥330 the following year, which itself is nearly 5x [4.7] the forecast '26 earnings per share. Market cap has been on a long erosion course since that price peak of ¥4,720 in May 

'13 till the '25 low of ¥654 which sort of qualifies it as a long double-bottom pattern spanning 2010-2025. Despite heavy resistance at the  ¥1,700 to ¥1,800 band in the medium term, technically the stock could rise to the first Fibronacci target of  around ¥2,200 within the next 2 years due to a spillover from the bullishness surrounding finance-related stocks. 

Futaba Corp [below] is an interesting high conviction buy call due to :

1. It's forecast turnaround to profit that implies a P/E of below 17

2. A likely outperformance in the upcoming quarter given its low loss base last year

3. +ve FCF & operating CF last year

4. A long downtrend that resulted in a likely '23-'25 'saucer bottom' will likely target its '12 low of  ¥822 given the spillover of the Nikkei's record run to cheaper stocks

5. Zero debt & high capital adequacy of over 75% despite recent persistent operating losses. 

Curiously, Sakai Heavy's 酒井重工業 turnover forecast for '26 is only double the sales in 1978! Of course, the high that year was also 13.8% higher than the current price while latest forecast net profit is 3.33x the level in 1978 & dividend is nearly 4x the earlier quantum.

I bought it for the dividend yield of 4.7% before the Trumpanic of '25 & the relative bargain after a 38% correction from the '24 peak, which anticipated the 2nd highest annual EPS of  ¥287.4 finalized in March of that year. Naturally, the price declined -52% by Apr '25 as the EPS fell 41% as announced in May '25 & is forecast to fall further -38% by May '26. Both free cashflow & operating cashflow have remained +ve for the last 3 consecutive years.

With the Nikkei 39% higher than when the tractor maker's equities hit their two-year high, I am expecting the stock to revisit the ¥2,800-3,000 level with the next quarter perhaps likely to show an improvement from a low base of a small loss, coupled with the anticipated portfolio rebalancing towards small cap Japanese stocks as the main stock index accelerates its climb towards nosebleed levels.

Miracle Streak : Fujifilm is the 6th🎌in '26 & 119th🎌 since '17 after a month ! {27th Feb '26}

 

Fujifilm 富士フイルム today nabs the 1,388th consecutive day in the record, also the 119th

scalp since '17 & the 6th this year, as Nintendo 任天堂 & Olympus オリンレス surprisingly build on gains despite it being Friday, while YKT's rise back into the black keeps thepaper gainers @ equal to the highest!

Miracle Streak : Bursa M'sia Returns after 2 Years to become #28/'26 ! {26th Feb '26}

 

On a day where Nintendo 任天堂 & Olympus オリンパス vindicate my decision to take a bet 1 day & 2 days ago respectively with solid gains, & Fujifilm 富士フイルム goes into the black, the local exchange's shares itself supply the fuel for the marathon [Bursa M'sia last delivering twice in '24 & paying 3 divvies since re-entry], despite my bittersweet feelings about the 20-month severe local bearishness...yet the number of Tokyo paper gains rises to fourteen, tying with the highest number in 2024!

🎌 Stock Focus : Nintendo 任天堂 [7974]

 

At its Bubble Era peak of ¥34,300, Nintendo was trading at over 10x its projected following year revenue, compared to 1.6x in '76, 1.3x in '78, 2.1x in '96, 2.05x at its '03 low, 4.33x in '23 & just over 5x currently. It was 6.69x at the 2007 peak of ¥73,200, but plumbed to 1.4x at the 2012 nadir. Price to book has fluctuated wildly, as can be imagined, with the ratio dipping to below 1 briefly in 2012 despite being just under 2x at the '74 low &  just over 1.2x at the '82 & '03 lows. It was during the course of 1981, when its classic Game & Watch handheld devices were unleashed onto the world that the P/B ratio soared to 3.83x even at the 1982 low as the stock was re-rated [vs 3.33x now, 8.5x at the '07 pinnacle & 9.1x at the '89 one]. As the company transitioned from traditional 'hanafuda' playing cards to the electronic gaming era of the '80s, its revenue ballooned from under ¥10 billion in '77 to over ¥117 billion by '85 with the release of the 'Famicom' game console two years prior & 'Super Mario Bros' in that very year & then 'Tetris' & 'Donkey Kong' a little later. This was accompanied by a 42-fold rocketing of the stock in the decade spanning 1979-1989.

Dividend yield peaked at 5.8% in 2009, after dipping below 1% at the '07 blowoff top. At my maiden entry price of ¥8,455 today, it's 2.1%, with the March portion alone at 1.6%: Despite buying above its adjusted peak of 19 years ago of ¥7,320,  I'm predicting that the stock will at least  be courted for the latter dividend. The price peaked on 26/6/08, 3/4/09, 5/4/10, 22/3/12 & 24/7/13 after that generational summit price in November nineteen years ago.  In rare losing year 2012 [an adjusted (¥33.8) loss per share], its highest yield was 1.2% at its nadir 90% below today's close on Nikkei fresh record high 58,875.17 day.

Projected '26 EPS is 29% below the gaming stock's record ¥421.4 EPS in '24, achieved 15 months before the stocks new record high just over double its old pinnacle price, which suggests that it has overcorrected after 3 forays above ¥14,200 in the last 7 months [ 18/8, 12/9 & 6/11 of '25]  after the release of its latest Switch 2 gaming console:

A rare zero debt technology/gaming company whose price rebound looks likely to be sharp between now & March 30th, barring any adverse announcements.  Although the argument may be weak, it's lower than the 0.618 Fibronacci retracement of the rise from ¥4,789 in '21 to the all-time high of  ¥14,795 just last year. Projected revenue to be announced in May is an all-time high of ¥2.25 trillion, fully 22% above the old 2009 peak turnover. The most recent Q3 saw a record quarterly revenue of  ¥806.318 billion, itself almost a third of the projected FY number & an 86% increase on the previous year's corresponding figure!

I am certainly counting on the rampantly ebullient Japanese stock index to court foreign funds to game this equity back to ¥10,000 at least sometime in '26! 

.

Profitable JPN stocks as of 25th Feb '26:

Mitsuboshi

Sansha E

Shinto

TKS

Kao

Kawai

Almetax

Aigan

Daiun

Molitec S

Nippon Shikizai

Fujix

Miracle Streak : #25/'26 MNRB TRIPLES the old '17-'18 Record ! {25th Feb '26}

 

The first time in 11 years just before the Lunar New Year & again today, MNRB delivers to TRIPLE the old '17-'18 marathon record, pared @ the best levels since Jul '26 2007! Another momentous day because's Nikkei hits a fresh all-time high 51% above its Bubble Era peak while fabled gaming stock Nintendo 任天堂 falls into my hands at a price that pays off the lofty commission by the close!