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An Interesting Investment in Japanese Sake
https://invest.sakeworld.jp/
It seems that investors can receive distributions based on the amount of sake sold by the brewery. I decided to analyze the return on this investment.
First, 400,000 tokens will be issued, each priced at 5,500 JPY. For every 1 ml of sake sold, 0.3 JPY is distributed. By dividing this by 400,000, we can calculate the dividend per token.
Sake is apparently measured in a unit called "koku," where 1 koku = 180 liters. If the brewery sells 12,500 koku per year, the annual return would be 35%, and the business goal is to achieve this by the 10th year. Additionally, dividends are expected to continue for over 50 years.
This is what was outlined in the prospectus. The question is: Is selling 12,500 koku per year actually realistic? 1 reply
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The Case of Dassai
From 2010 to 2020, Dassai's sales increased approximately tenfold. In terms of koku, this means a jump from 300 to 30,000 (though this is a very rough estimate). However, before 2010, its sales remained mostly stagnant for nearly 30 years, fluctuating within a range of just a few hundred koku.
I don’t know exactly why Dassai succeeded, though I’m sure many theories can be found with some research. That said, without something as groundbreaking as Dassai’s success, surpassing 10,000 koku would likely be quite difficult. 1 reply
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