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When the yen is low and inflation is overlapping, the import price and the cost of living will increase, and the substantial purchasing power of cash will be easier.
As an investment theme, we will focus on how to look at price change, foreign currency revenue, resource and energy, and inflation resistant business.
What is Maruan Inflation?
When it comes to Yenan, it becomes easier to increase the price of yen, such as raw materials, energy and food imported from overseas.
If the company can transfer the purchase cost to the sales price, it will protect the profit, but if you can not transfer the profit rate will be lower. In households, the amount that can be bought in the same cash decreases, making it easier to understand the real asset value.
Research Theme
| テーマ | 見方 |
|---|---|
| PriceRolling Force | A company that is difficult to degrade even if the value rises |
| Currency | Businesses with high revenue for overseas sales and dollars |
| Resources & Energy | It is easy to attract attention on the inflation surface |
| High・idend | Investors Focusing on Cash Income |
| Gold Commodity | Seen as a hedge to decreasing currency value |
However, even if it is a yen cheap merit company, it may not increase profit if it is deteriorated overseas economy.
Points to invest
It is insufficient to simply classify as "export company" and "resource strain" in counter s.
I want to confirm the exchange rate, raw material price, price change rate, overseas production ratio, and borrowing cost.
Inflation-resistant companies are companies that can not only increase sales but also protect profits.
Risks
Brands purchased as inflation counter、s may be reversed due to inverted exchanges and lowered resource prices.
In addition, if the value is raised, the consumer’s focus is increasing, and there is a possibility that the profit may increase due to a decrease in quantity.
We need both the viewpoint of資産 assets and the viewpoint of reading corporate performance.
It is important to check whether it is a company that can absorb the cost rise rather than "below yen".