9776.JP - Sapporo Clinical Laboratory Inc

[west]

I am not from Japan but this is based on my understanding from a few good Japanese friends:

 

What most people tend to forget is that culturally and traditionally, Japanese is one of the most patriotic, united, and rather unique nation. Take it to an extreme, a 'sepukku' (stomach-cutting) is deemed as a very honourable act. In fact, if I am not mistaken, Japan has one of the highest suicidal rate in the world. The society, as a whole, does not view suicidal as a failure - but the other way, as long as you are doing the society a greater good; and responsible for yourself - a suicidal could be viewed as a honourable act. This mindset is deeply wired in their mind; and embedded in their culture, for the last few hundred/ thousands years.

 

If the people are ready to sacrifice their lives for the country/society, what do you think will happen when the day comes and the Government asks the people to write-down the debt (or tax 50% etc)?

Will there really be any social unrest ?

 

I agree.  There was some talk above about how if Japan wanted to do a wealth tax all the corporations and rich people would leave.  I don't see that happening.  The Japanese are incredibly tied to their country, regardless of what the political environment might be like.

 

My favorite saying of theirs (which I don't actually care for that much, but I think it sums up their stance on Individualism well) is: "The nail that sticks out, gets hammered back down."

[Guest chai]

I have at least heard this view (ie people has to bail out the govt debt - one way or the other) a few times from the different tour guides that I have, and my friends, who are working professionals / businessmen, when I visited Japan last few years.

My observation is that the debt problem is well understood, and, indeed any potential solution/ sacrifice, is widely anticipated by the people, across all levels..

The way the society functions, the people mentality, and how they react is just different from the West..

[The Value Edge]

Recent spike in prices of approximately 16%. Anyone who knows japanese know of what news caused the recent spike?

 

Thanks.

[paperwerks]

http://www.reuters.com/finance/stocks/9776.T/key-developments/article/3208938

 

Friday, 8 May 2015 03:15am EDT

 

SAPPORO CLINICAL LABORATORY INC:Says the company increased the consolidated full-year outlook for revenue to 17,166 million yen from 17,083 million yen for FY ended March 2015.Operating profit forecast increased to 869 million yen from 639 million yen.Ordinary profit forecast increased to 896 million yen from 647 million yen.Net profit forecast increased to 573 million yen from 394 million yen.Earnings per share increased to 150.97 yen from 99.04 yen.Comments the sales increase and costs reduction are the main reasons for the forecast.Raised year-end dividend forecast to 12 yen per share from 10 yen per share for FY ending March 2015.

[The Value Edge]

http://www.reuters.com/finance/stocks/9776.T/key-developments/article/3208938

 

Friday, 8 May 2015 03:15am EDT

 

SAPPORO CLINICAL LABORATORY INC:Says the company increased the consolidated full-year outlook for revenue to 17,166 million yen from 17,083 million yen for FY ended March 2015.Operating profit forecast increased to 869 million yen from 639 million yen.Ordinary profit forecast increased to 896 million yen from 647 million yen.Net profit forecast increased to 573 million yen from 394 million yen.Earnings per share increased to 150.97 yen from 99.04 yen.Comments the sales increase and costs reduction are the main reasons for the forecast.Raised year-end dividend forecast to 12 yen per share from 10 yen per share for FY ending March 2015.

 

Thanks! Missed this news.