/biz/ - Business & Finance

>>8255602
>>8255719

Also i must mention, Japanese companies engage in creative accounting a LOT. Just look at pic related of "Central Japan Railway Company (TYO: 9022)". What kind of capital intensive company runs on a fucking 30% operating margin??! This is way better than Apple and Google for fucks sake and they are freaking TECH companies. These rail companies are obviously under reporting depreciation on their trains and infrastructure on their balance sheet.

Also the fact most of the shareholders are Banks is extremely telling i.e. they get piss easy credit at low interest rates and long durations