Analyses
Mar 15, 2026 TSE:6966 EDITED

Mitsui High-tec Is Not an EV Company — It's the Plumber of the EV Transition

Mitsui High-tec (TSE:6966) posted Q3 cumulative net profit down 74.2% — a number that looks alarming until you separate JPY 6.54bn in one-time charges from the operating reality underneath. The real story is about a company that supplies motor cores to both BEV and HEV vehicles, and why that positioning matters more than any single forecast of how the EV transition unfolds.

Mar 15, 2026 TSE:5032 EDITED

ANYCOLOR's 40% Margin Isn't a VTuber Story — It's a Virtual School Story

ANYCOLOR (TSE:5032) posted Q3 cumulative revenue of JPY 42.0bn (+45.4%) with a 40.2% operating margin. The numbers are exceptional. But understanding why requires looking past "VTuber company" to the social architecture underneath — a virtual school where fans aren't consumers, they're classmates.