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🇺🇸🇯🇵 What you can learn from Wabi-sabi
Japan’s Philosophy for Accepting Imperfection
GMI POST
May 14, 2024
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THIS WEEK’S SPONSOR:
Missed out on Ring and Nest? Don’t let RYSE slip away!
Ring 一 Acquired by Amazon for $1.2B
Nest 一 Acquired by Google for $3.2B
If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.
RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened.
They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.
Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.
What you can learn from Wabi-sabi
JAPANESE BUSINESS CONCEPT OF THE WEEK
Wabi-sabi: The Japanese Art of Impermanence
Originally a 15th-century design philosophy from Japan, Wabi-sabi is all about embracing imperfection.
Wabi = Less is more
Sabi = Attentive melancholy
In the world of business, Wabi-sabi serves as a reminder to leaders that imperfect action is better than inaction.
In his book, The 15 Invaluable Laws of Growth, John Maxwell introduces Jim Rohn’s Law of Diminishing Intent, which states that:
“The longer you wait to do something you should do now, the greater the odds that you will never actually do it.”
So, stop waiting. Start doing.
THE HEADLINES
In this week’s edition of U.S.-Japan Weekly:
🍣 Japan's largest conveyor-belt sushi chain rolls out in the U.S.
💊 Ono Pharmaceutical to buy U.S. drugmaker Deciphera
🏠 Sekisui House buys Denver homebuilder for $4.95 billion
NEWS
Japan's largest conveyor-belt sushi chain rolls out in the U.S.
Food & Life Companies USA President Yosuke Tanaka (Source: LinkedIn/Yosue Tanaka)
🇺🇸 BOSTON, NY — Boston’s Japanese food scene got more diverse with the opening in April of Sakabayashi Sushi Tavern, a subsidiary of Japan’s largest conveyor-belt sushi chain, Sushiro. The restaurant is the first investment of its parent company, Food & Life Co., in the United States.
READ MORE
NEWS
Japan's Ono Pharmaceutical to buy U.S. drugmaker Deciphera
Ono Pharma CEO Gyo Sagara (Source: Ono Pharma)
🇯🇵 OSAKA, JP — In its biggest buyout to date, Ono Pharmaceutical is set to acquire American cancer drug maker Deciphera Pharmaceuticals for $2.4 billion, according to Nikkei Asia. The move is aimed at ensuring continued growth as patents for Ono's Opdivo cancer immunotherapy are set to expire in 2028.
READ MORE
NEWS
Japan's Sekisui House buys Denver homebuilder for $4.95 billion
Sekisui House Board Representative, President, and CEO Yoshihiro Nakai (Source: Sekisui House)
🇺🇸 DENVER, CO — Japanese homebuilder Sekisui House announced last month that it bought Denver-based MDC Holdings for $4.9 billion. Paying $63 in cash per share, Sekisui House first made public its buyout plans at the start of this year.
READ MORE
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