Posted on 09/04/2015 9:34:02 AM PDT by BenLurkin
Okamoto share price spike has been driven by China: specifically the 2.8 million Chinese that have visited Japan so far in 2015 and overtaken South Koreans and Taiwanese as the biggest contingent of inbound tourists. Chinese trust in domestic condom brands is low, and foreign brands, of which Okamoto is among the most famous, are faked on an immense scale. Buying the famous Okamoto 0.03 condoms (named for their thickness in millimetres) in Japan, say the Chinese shoppers who throng Tokyo's drug stores, guarantees they are getting the real thing.
Chinese spending in Japan has been so lavish that a new term — bakugai or "buying explosion" — has emerged to describe the way Chinese tour groups descend on particular retailers and buy in bulk. Many, says Mr Okamoto, are basing their choices on widely circulated online lists of ideal items to buy in Japan, of which Okamoto condoms are at or near the top.
(Excerpt) Read more at cnbc.com ...
Okamoto condom profits are up?
Dangerous bubble. May be time to pull out.
And, the Chinese are the driving force behind that?
One would think there are pretty thin margins in that business.
.03 huh? If they made larger sizes they might have some success in the American market.
Exactly. Excellent time to cover those short positions.
muslims were the first to invent condoms from goat gut, but it was actually the Chinese who perfected them by taking the gut out of the goats.
Considering the lack of well...
Don’t be so sure about that size thing.
Now, that funny right there. I don’t care who you are.
“Okamoto condom profits are up?”
Yeah, but the competition is pretty stiff.
Lol!
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