euglena (2931): a One-Trick Organism With No Fuel for Growth

euglena Co. (2931:JP), is a young company promising 21st-century, eco-friendly solutions for almost everything: energy, food, health, animals, and transport and even space travel! The dreams are big. The reality is rather small. The company’s Healthcare division, which makes health snacks, accounts for 99.9% of sales. Its big dreams in biofuel are […]

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S&P’s Puts Marubeni on CreditWatch Negative

TOKYO (Standard & Poor’s) April 19, 2016: The credit ratings company said that Japanese trading company Marubeni is now on a credit watch with a chance of a downgrade because the company cut its net profit guidance for fiscal year ended March 31, 2016 to ¥60 bn from ¥180 bn. […]

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Marubeni (8002): The Phantom Earnings

Marubeni wants to have its cake and eat it. The company booked a ¥30 bn gain in Q3 2016 results for a transaction that was anticipated but did NOT take place. Expect auditors to restate co.’s Q3 earnings and reduce FY16 profit to ¥30 bn. That’s a 50% cut, and […]

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