Professional
Added to YB: 2025-07-15
Pitch date: 2025-07-10
6249.T [neutral]
Gamecard-Joyco Holdings,Inc.
+0.64%
current return
Author Info
Halvio Capital is an investment firm that seeks to compound capital at high rates of return while taking limited risk of capital impairment through separately managed accounts. The firm’s goal is to outperform the broader indices over a long time frame. Sign up for the newsletter.
Company Info
Gamecard-Joyco Holdings,Inc. engages in gaming business. The company issues and sells prepaid cards. It is also involved in planning, developing, selling, lending, and maintaining prepaid system equipment; and incidental/related businesses.
Market Cap
JPY 34.9B
Pitch Price
JPY 2.5K
Price Target
N/A
Dividend
N/A
Sector
Hotels, Restaurants and Leisure
Category
value
Halvio Capital Portfolio Holding: Gamecard-Joyco Holdings,Inc.
6249.T (holding update): Trading at 60% NCAV, 0.5x book with ¥55.7B cash/securities vs ¥33.8B market cap. 38% share in pachinko prepaid card systems. Overearning from 2024 banknote system upgrades, but high ROIC, low capex. Risks: declining industry. Recent 4.5% buyback, small dividend. Sankyo (top holder) may improve capital allocation.
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