Below is a comment written by FISCO Social Reporter's individual investor “Tamasuke Limited” (blog: Profitable Stock Information “Cat Husband's Stock Knows No Ceiling”). FISCO is working to disseminate more diverse information to investors by cooperating with individuals who actively disseminate information.
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※Written on April 15, 2024 at 15:00
When the EV, which had been hailed that much, became suspicious, news about hydrogen jumped in that hopeful. It seems that a hydrogen-related bill was passed while the government was flustering over the slush fund issue.
Once again, my name is Kyusuke Limited, and I'm writing the stock & cat blog “Profitable Stock Information “Cat Husband's Stock Knows No Ceiling”.
On 4/9, the “Hydrogen Society Promotion Bill,” which encourages the supply and use of low-carbon hydrogen, was passed at the House of Representatives plenary session. Since a few years ago, Japan has been making efforts in the hydrogen field ahead of overseas players, so I hope that passing this bill will lead to further development in the hydrogen field.
No matter how much for a decarbonized environment, it won't spread if the price is too high, so it would be nice if the service was inexpensive and safe for many people to use with the help of the government. Hydrogen can also be said to be an optimal energy resource for Japan, where underground energy resources are scarce. Hydrogen is also used as fuel for space rockets from things like hydrogen trucks, and recently it seems that hydrogen cooking is also being used.
Until before COVID-19, “now is the EV era!” I was enthusiastic. However, according to the Japan Automobile Dealers Association's announcement, EVs (ordinary passenger cars) account for about 1.66% of new car sales for the full year of 2023. Looking at these results, there is a good chance that hydrogen will have the same outcome... so hydrogen will require an approach from a different direction than EVs.
We are individual investors, so we must make investment decisions based on specific grounds rather than a vague vision of the future. The more detailed the evidence, the easier it should be to imagine the timing of stock price increases and loss cuts... so this time, I will be checking mainly hydrogen-related stocks that I am paying attention to.
Speaking of hydrogen, many people probably think of Iwatani Sangyo (8088). The opening of the first hydrogen station with Cosmo Energy HD (5021) on 4/8 became a hot topic. Demand for hydrogen stations for fuel cell trucks is expected to expand in the future, and valves and the like that adjust the hydrogen gas pressure of NOK (7240), a major automotive oil seal company, are also being closely watched. Performance is also strong, making it a low PBR stock.
Despite poor performance, TECNISCO (2962) saw an announcement last year that it had jointly developed a high-sensitivity hydrogen sensor with Okayama University. Furthermore, Nagano Instrument ＜7715＞, a major pressure gauge and pressure sensor company, boasts a high market share of pressure measuring instruments for hydrogen stations. Since Japan has such hydrogen-related technology, there is no way for the government not to use it either. Sanno ＜3441＞, which is working to commercialize hydrogen permeable membranes applying precious metal plating technology, and Nasu Electric Iron Works (5922), which handles hydrogen absorption alloy systems, are also attracting attention as hydrogen-related, albeit small stocks. These are just at the starting line to spread hydrogen to society, so I think it's interesting even from a long-term perspective.
Now, from here on, we have picked up 3 companies as stocks with defensive performance expectations even when conditions deteriorate. Tsukada HD ＜2418＞, which handles the operation of wedding halls, seems to be benefiting from inbound tourism and its hotel business is growing. PER and PBR are cheap and there's a sense of affordability. Financial results will be announced on 5/10.
Maezawa Kogyo (6489), which handles sewerage machinery, also has a low PER and PBR. The regular progress rate reached 79.1% in the 3Q financial results on 4/12, and it seems that expectations for an upturn are also growing. We are monitoring how far above the 25-day line will form an upward trend.
The last one is Yamada Corporation (6392), which is moving above the 75-day line. The fiscal year ending 24/3 is expected to hit a record high, and the forecast for the fiscal year ending 25/3 is also worrisome. We are closely monitoring the financial results announcement on 5/13.
Well, I've been talking a bit long, but my blog introduces such “individual stocks and theme stocks that are strong now.” If you have free time, please take a look. We look forward to seeing you with our beloved cat “Al.”
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Author's name: Gyokusuke Kotei
Blog name: Cat Husband's Stock Knows No Ceiling