5. Gamecard Joyco Holdings Inc.

Gamecard Joyco Holdings Inc. is a Japanese company which is engaged in the Pachinko prepaid card business.

As of today, the Enterprise Value amounts around –¥392,9Million.

The largest shareholder is Sankyo Co. Ltd. with 14,9%. They are also engaged in the Pachinko business.

One downside to the Pachinko business: The active player number declined by half from 2002 and 2012 and the revenue declined from ¥31 Billion in 1929 to ¥19 Billion in 2012.
One positive aspect of the business though is that the percentage of players under 30 increased from 5% to 9%.

Pay attention that you can only buy multiple of 100 stocks.

 

Valuations:

Bildschirmfoto 2018-04-08 um 21.52.37

 

For clearer understanding please make sure to read the Strategy section.

 

Disclaimer:  This blog is for informational purposes only. Everything on this blog represents my personal opinions or the personal opinions of others and should not be construed as financial advice. Talk to a professional if you need specific financial advice.
Shadow Valley Investing will not be liable for any false, inaccurate, inappropriate or incomplete information presented on the website.
Please read through the whole disclaimer section.

I am long Gamecard Joyco Holdings Ltd.

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