Research Coverage

TKC

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Summary

TKC provides computer-based accounting services to accounting firms employing tax accountants and certified public accountants (Accounting Firm segment: 70.9% of total sales in FY09/17). TKC uses a mainframe computer to handle accounting tasks for its accounting firm clients. TKC’s clients pay fees to TKC for preparing accounting documents for their customers, as well as fees to rent TKC’s accounting software.


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We interview management for hours, asking exhaustive questions to uncover the essence of the business.

We pinpoint strengths and weaknesses, and discuss strategy. Our aim is to make deep knowledge about the company readily available, saving investors time and enabling dialogue.

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