Japan-based Bridgestone Corp is the world’s largest tire maker in terms of sales revenues from tires only. The company’s annual tire sales revenue exceeds $28.6 billion. Bridgestone’s stock trades as an unsponsored ADS on the OTC market under the ticker BRDCY. Today the stock closed at $71.60. Until today, one ADS represented two ordinary shares. Due …
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The largest Japanese firms by revenues from the Fortune Global 500 list for 2012 are listed below: Source: Fortune Global 500, Fortune Related ETF: iShares MSCI Japan Index ETF (EWJ) Disclosure: No Positions
Japanese stocks have had an incredible run so far this year. The benchmark Nikkei 225 index is up 32.7% as May 1st. Compared to this, only a few of the developed indices are up by double digit percentages. The year-to-date (YTD) performance of major developed indices as of May 1st are listed below: DAX: 4.0% …
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Global investors tend to avoid the Japanese stock despite the country having one of the largest economies in the world. I have also ignored Japan for many years now. However in recent months I have been looking more deeply into the Japanese equity market for potential investment opportunities. From the Ahead of the Tape column …