Hikari Tsushin, Inc.
Hikari Tsushin, Inc. is a diversified Japanese investment holding company headquartered in Tokyo, Japan. Founded in 1988, it operates across telecommunications, IT services, insurance, energy, and other industries. The company has over 140 subsidiaries, 100 equity method affiliates, and around 700 investments in publicly listed companies. Known for its asset-light business model focused on distribution and sales, Hikari Tsushin prioritizes high return on investment and continually streamlines operations. The company employs a combination of direct sales and partner-driven distribution, serving corporate and consumer clients in Japan and abroad. The employee count is estimated to be around 400, reflecting their current transition towards partner-oriented sales.
Investment Strategy
Hikari Tsushin employs an asset-light, sales-force-driven model seeking high return on investment across a broad range of sectors, including telecommunications, IT, and insurance. Its investment strategy is value-oriented, emphasizing acquiring stakes in undervalued or cheap Japanese public companies, demonstrated by strong long-term IRR performance. The firm balances operational businesses with minority investments, focusing on scalable, partner-manageable sales rather than capital-intensive ownership, and increasingly emphasizes in-house service offerings and products to maximize margins.
Top Holdings
Equity Positions (76)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BRK-A | BERKSHIRE HATHAWAY INC-CL A | 57.93% | $821.4M | 1,127 | $450585.78 | $728800.00 | -$78.5M |
G GOOGL | ALPHABET INC-CL A | 7.35% | $104.3M | 591,687 | $129.50 | $176.23 | +$12.5M |
B BKLN | INVESCO SENIOR LOAN ETF | 3.66% | $52.0M | 2,483,848 | $21.11 | $20.92 | +$546.4K |
V VOO | VANGUARD S AND P 500 ETF | 2.95% | $41.8M | 73,621 | $416.07 | $568.03 | -$631.1K |
V V | VISA INC-CLASS A SHARES | 2.54% | $36.1M | 101,555 | $216.97 | $355.05 | +$812.7K |