Company InformationPure Investment Overview
Stock Selection Criteria
The guiding principle that we live by is to hold stocks
for a long period of time, aiming at forging a pleasant
relationship with investees based on the idea that
purchasing stocks is having a part of ownership of the
company in which we have stakes.
We focus on
running stable businesses and acquiring the stock of
blue-chip companies with financial soundness at a
reasonable price.
Characteristic of Our Stock Investment
| Example of funds | The Company | ||
|---|---|---|---|
| Recognition of investment targets | Stocks | Business | Judgment is not based on market trends |
| Investment period | With a deadline | Without a deadline | Partial holding of companies we want to work with indefinitely |
| Maximum holding ratio | Yes | No | Possible to operate as a consolidated subsidiary as a business company |
| Liquidity of stocks | Investment targets are high-liquidity stocks | Regardless of liquidity | We can invest even in low-liquidity stocks |
| KPI | Capital gains, income gains, etc. | EY | Not affected by stock price fluctuations (market prices) |
※横スクロールで全体を表示します。
Main Indicator
Billion JPY
| 20/3 | 21/3 | 22/3 | 23/3 | 24/3 | ||
|---|---|---|---|---|---|---|
| Investment book value (A) | 264.1 | 357.3 | 456.0 | 532.6 | 590.2 | |
| Unrealized Gain | 56.8 | 148.4 | 162.0 | 226.6 | 411.1 | |
| Market value | 321.0 | 505.8 | 618.0 | 759.2 | 1,001.3 | |
|
Look-through Earnings (B) (last 12 months) |
36.6 | 44.6 | 70.8 | 80.3 | 83.2 | |
| Earnings Yield (B) ÷ (A) | 13.8% | 12.5% | 15.5% | 15.1% | 14.1% | |
|
Dividend yield (based on CF and book value, last 12 months) |
2.6% | 2.7% | 3.0% | 3.4% | 4.1% | |
| Dividend Income (PL) (C) | 5.2 | 7.3 | 10.6 | 14.5 | 18.6 | |
| Gain on sale of securities (D) | 27.1 | 10.8 | 13.9 | 16.2 | 49.9 | |
| Total (C)+ (D) | 32.3 | 18.1 | 24.6 | 30.7 | 68.6 | |
※横スクロールで全体を表示します。
* “Look-through earnings” is calculated by multiplying
operating profit of each of the companies we invested in
by our stock holding ratio and adding all them up.
* “Last 12 months” means four quarters of the last 12
months from the record date for which financial results
have been announced.