The five lenses

“franchise & margin of safety”

1. –ORIENTAL LAND CO., LTD.: watch
2. –KEYENCE CORPORATION: watch
3. –HOYA CORPORATION: watch
4. –DENSAN CO., LTD.: watch
5. –TOKYO TEKKO CO., LTD.: watch
6. –FUJI SEAL INTERNATIONAL, INC.: watch
7. ?Ahresty Corporation: too hard
8. –EBARA JITSUGYO Co., Ltd.: watch
9. –ELECOM Co., Ltd.: watch
10. –Daitron Co., Ltd.: watch
11. –Kitagawa Corporation: watch
12. ?TOYO ENGINEERING Corporation: too hard
13. ?TPR Co., Ltd.: too hard
14. –TSUZUKI DENKI Co., Ltd.: watch
15. –RINGER HUT Co., Ltd.: watch
16. –Komaihaltec Inc.: watch
17. ?Tsubaki Nakashima Co., Ltd.: too hard
18. ?W-SCOPE Corporation: too hard
19. ?Nippon Sheet Glass: too hard
20. –Nakayama Steel Works: watch
21. ?Futaba Corporation: too hard
22. ?Yorozu Corporation: too hard
23. ✗Abalance Corporation: pass
24. –Nippon Kinzoku: watch
25. –Sankyo Tateyama: watch
26. –Fuji Media Holdings: watch
27. –Kobayashi Pharmaceutical: watch
28. –Workman Co., Ltd.: watch

“invert; avoid the folly”

1. –ORIENTAL LAND CO., LTD.: watch
2. –KEYENCE CORPORATION: watch
3. –HOYA CORPORATION: watch
4. –DENSAN CO., LTD.: watch
5. –TOKYO TEKKO CO., LTD.: watch
6. –FUJI SEAL INTERNATIONAL, INC.: watch
7. ?Ahresty Corporation: too hard
8. –EBARA JITSUGYO Co., Ltd.: watch
9. –ELECOM Co., Ltd.: watch
10. –Daitron Co., Ltd.: watch
11. –Kitagawa Corporation: watch
12. ?TOYO ENGINEERING Corporation: too hard
13. –TPR Co., Ltd.: watch
14. ✗TSUZUKI DENKI Co., Ltd.: pass
15. ✗RINGER HUT Co., Ltd.: pass
16. ✗Komaihaltec Inc.: pass
17. ?Tsubaki Nakashima Co., Ltd.: too hard
18. ✗W-SCOPE Corporation: pass
19. ?Nippon Sheet Glass: too hard
20. ?Nakayama Steel Works: too hard
21. ✗Futaba Corporation: pass
22. ?Yorozu Corporation: too hard
23. ?Abalance Corporation: too hard
24. –Nippon Kinzoku: watch
25. ✗Sankyo Tateyama: pass
26. ✗Fuji Media Holdings: pass
27. –Kobayashi Pharmaceutical: watch
28. –Workman Co., Ltd.: watch

“heads I win, tails I don’t lose much”

1. ✗ORIENTAL LAND CO., LTD.: pass
2. –KEYENCE CORPORATION: watch
3. ✗HOYA CORPORATION: pass
4. –DENSAN CO., LTD.: watch
5. –TOKYO TEKKO CO., LTD.: watch
6. –FUJI SEAL INTERNATIONAL, INC.: watch
7. ✗Ahresty Corporation: pass
8. –EBARA JITSUGYO Co., Ltd.: watch
9. –ELECOM Co., Ltd.: watch
10. –Daitron Co., Ltd.: watch
11. –Kitagawa Corporation: watch
12. ?TOYO ENGINEERING Corporation: too hard
13. –TPR Co., Ltd.: watch
14. –TSUZUKI DENKI Co., Ltd.: watch
15. ✗RINGER HUT Co., Ltd.: pass
16. –Komaihaltec Inc.: watch
17. ✗Tsubaki Nakashima Co., Ltd.: pass
18. ?W-SCOPE Corporation: too hard
19. ✗Nippon Sheet Glass: pass
20. –Nakayama Steel Works: watch
21. –Futaba Corporation: watch
22. ✗Yorozu Corporation: pass
23. ✗Abalance Corporation: pass
24. –Nippon Kinzoku: watch
25. ✗Sankyo Tateyama: pass
26. ✗Fuji Media Holdings: pass
27. –Kobayashi Pharmaceutical: watch
28. ?Workman Co., Ltd.: too hard

“can I know the next decade?”

1. ?ORIENTAL LAND CO., LTD.: too hard
2. ?KEYENCE CORPORATION: too hard
3. ?HOYA CORPORATION: too hard
4. ?DENSAN CO., LTD.: too hard
5. –TOKYO TEKKO CO., LTD.: watch
6. –FUJI SEAL INTERNATIONAL, INC.: watch
7. ?Ahresty Corporation: too hard
8. –EBARA JITSUGYO Co., Ltd.: watch
9. ?ELECOM Co., Ltd.: too hard
10. ?Daitron Co., Ltd.: too hard
11. ?Kitagawa Corporation: too hard
12. ?TOYO ENGINEERING Corporation: too hard
13. ?TPR Co., Ltd.: too hard
14. ?TSUZUKI DENKI Co., Ltd.: too hard
15. –RINGER HUT Co., Ltd.: watch
16. –Komaihaltec Inc.: watch
17. ?Tsubaki Nakashima Co., Ltd.: too hard
18. ?W-SCOPE Corporation: too hard
19. ?Nippon Sheet Glass: too hard
20. ?Nakayama Steel Works: too hard
21. ?Futaba Corporation: too hard
22. ?Yorozu Corporation: too hard
23. ?Abalance Corporation: too hard
24. –Nippon Kinzoku: watch
25. ✗Sankyo Tateyama: pass
26. ?Fuji Media Holdings: too hard
27. –Kobayashi Pharmaceutical: watch
28. –Workman Co., Ltd.: watch

“compute it, don’t argue it”

1. ✗ORIENTAL LAND CO., LTD.: pass
2. –KEYENCE CORPORATION: watch
3. –HOYA CORPORATION: watch
4. –DENSAN CO., LTD.: watch
5. –TOKYO TEKKO CO., LTD.: watch
6. –FUJI SEAL INTERNATIONAL, INC.: watch
7. ✗Ahresty Corporation: pass
8. –EBARA JITSUGYO Co., Ltd.: watch
9. –ELECOM Co., Ltd.: watch
10. –Daitron Co., Ltd.: watch
11. –Kitagawa Corporation: watch
12. ?TOYO ENGINEERING Corporation: too hard
13. –TPR Co., Ltd.: watch
14. –TSUZUKI DENKI Co., Ltd.: watch
15. ✗RINGER HUT Co., Ltd.: pass
16. –Komaihaltec Inc.: watch
17. ?Tsubaki Nakashima Co., Ltd.: too hard
18. –W-SCOPE Corporation: watch
19. –Nippon Sheet Glass: watch
20. ?Nakayama Steel Works: too hard
21. –Futaba Corporation: watch
22. ?Yorozu Corporation: too hard
23. ✗Abalance Corporation: pass
24. –Nippon Kinzoku: watch
25. ✗Sankyo Tateyama: pass
26. –Fuji Media Holdings: watch
27. ✗Kobayashi Pharmaceutical: pass
28. –Workman Co., Ltd.: watch