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Financial Comparability

Explores why financial numbers that appear comparable on the surface often reflect different underlying economics across countries and companies, and how inconsistent definitions distort risk analysis and valuation.

Financial Comparability

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Why the Numbers Look Comparable — but the Fundamentals Are Not

Dec 20, 2025

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4 min read

Why the Numbers Look Comparable — but the Fundamentals Are Not

A measurement problem hiding behind familiar financial labels.

DAISAKU KADOMAE
DAISAKU KADOMAE

GARYO FINANCE Insights

♦ASEAN financial insights— exclusive charts, policy analysis, and boardroom strategies ♦Author, Dai Kadomae, CFA, CPA, is ex-Citi investment banker & CFO, op-ed writer for Nikkei Asia, Bangkok Post, The Business Times (Singapore), Asia Times (Hong Kong) ♦Explore subscription & business inquiries→[email protected]

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