• The analysis warns that JPY 50 trillion invested in speculative technologies risks failing to generate sustainable profits.
• It projects a 99% startup failure rate, leaving cash-generating incumbents positioned to acquire distressed technology assets cheaply.
• Disciplined capital allocation should prioritize sustained growth in earnings per share and free cash flow per share over business expansion.
• Share buybacks are favored when their earnings yield exceeds alternative investment returns; acquisitions should target undervalued businesses with proven cash flows.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tanaakk K.K. published the original content used to generate this news brief on November 13, 2026, and is solely responsible for the information contained therein.