Furukawa Battery: Not A Special Situations Investment (OTCMKTS:FRKWF)

Furukawa Battery: Not A Special Situations Investment (OTCMKTS:FRKWF)

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Investment thesis

Furukawa Battery (OTC:FRKWF) is 57.2% owned by the parent Furukawa Electric (OTCPK:FUWAF). Although there is growing urgency in corporate Japan to erase listed subsidiary structures, we assume the parent is not

Key financials and our earnings estimates

Key financials and our earnings estimates (Company, Refinitiv)

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