Engagement and Embracing Uncertainty in Investing

Nearly every factory has room for more automation, with greater penetration in existing industries and expansion into new industries expected over the next decade. Sands Capital’s Suni Thakor and Danielle Menichella discuss why Keyence, a factory automation market leader that specializes in sensor and sensor systems, will likely be a beneficiary of that growth and what makes the company so unique within its sector.

Transcript available here.

(01:41) Reasons for factory automation (03:08) Why Keyence is special (05:20) Keyence’s attractive business space and high margins (07:09) Trends in global automation (08:54) Future sources of Keyence’s growth (09:49) Impact of supply chain issues on Keyence (12:48) Incorporating a business in the portfolio (17:14) Frontline research on the company and the industry (18:59) Portfolio managers and research analysts work together (20:35) What’s a “cobot”? (21:39) Keyence’s approach to ESG (24:04) Suni on the importance of conviction for investment professionals

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