Smith: Japan is largely a B2B investment opportunity rather than B2C
Howard Smith · Howard Smith – Japanese Equities at Indus Capital (Manager Meetings, EP.35) · Aug 18, 2022 · at 34:12
Howard Smith, Partner and Portfolio Manager at Indus Capital, discusses the shift in Japanese public equity value creation toward hidden B2B technological suppliers.
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“Japan is largely these days a B to B investment opportunity. As opposed to a B to C. I mean, of course, there are B to C companies in Japan, and there are very big brands. Japan has some amazing brands like Nintendo and Sony, but a lot of the high value-added businesses in Japan in which we invest kind of exist behind the veil, if you like, and are not well understood and not well known by people because they don't see the brand name, but they're absolutely essential to the development Of leading edge technologies and products that consumers touch and feel and use.”
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