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Leading Surfactant Manufacturer with Asia Growth Tailwinds Trading at 110% NCAV
Thinking points Matsumoto Yushi-Seiyaku (TSE: 4365) is a small oleochemical manufacturer, holding a leading market share in surfactants for textiles and thermo-expandable microcapsules in Japan. Key challenges include downward pressure on earnings from rising prices of crude oil-derived raw materials and the increasing pressure from clients and shareholders to meet ESG demands. Key opportunities include