KonichiValue Japan

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KonichiValue Japan
My Stock Portfolio Performance 3Q 2023
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My Stock Portfolio Performance 3Q 2023

Analyzing the journey of my Japanese stocks: Performance review from July to present, insights on 3Q earnings reports, and future projections

Rei Saito's avatar
Rei Saito
Nov 14, 2023
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KonichiValue Japan
My Stock Portfolio Performance 3Q 2023
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Please note: This article is for informational purposes only and is not intended as investment advice. The mention of specific stocks is not a recommendation to buy or sell any securities.

A maneki-neko, or lucky cat, standing in front of a screen displaying stock market analysis. The cat is ceramic, with one paw raised, traditionally symbolizing good fortune and wealth. It is white with orange and black spots, and wears a red collar with a bell. The screen in the background shows various stock market graphs and numbers, suggesting a busy trading environment.

3Q 2023 Stock Portfolio Performance Summary

I'm riding the wave of Japan's booming equity market. This year has been particularly exciting with a surge of global investor interest in Japanese stocks. The reasons are clear: Japanese companies, flush with nearly 2.5 trillion yen in cash and no debt, are thriving. The transition from deflation to mild inflation, coupled with an ultra-competitive yen (hovering around 150 to the U.S. dollar), has bolstered the economy. It's a golden era for local manufacturers, enjoying some of the lowest labor costs globally.

Corporate earnings are on the upswing. The profit margins in Japan have leaped to about 5.5% over the past decade, a significant jump from the historical average of less than 3%. This impressive turnaround is mirrored in the robust performance of Japanese equities, which, as per Credit Suisse, have yielded annual real returns of 7.4% since 2010.

Now, let’s dive into my portfolio’s performance:

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