Added to YB: 2025-09-01
Pitch date: 2025-08-29
6574.T [neutral]
Convano Inc.
-61.51%
current return
Author Info
I founded KonichiValue to merge my half-Japanese heritage with my passion for value investing in the world's most undervalued market. Sign up for the newsletter.
Company Info
Convano Inc. engages in the management and franchising of nail salons in Japan. The company provides its services under the FASTNAIL, FASTNAIL PLUS, and FASTNAIL LOCO brand names, as well as handles CONST and Legaly brands.
Market Cap
JPY 11.3B
Pitch Price
JPY 265.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
26.64
P/E
146.64
EV/Sales
3.45
Sector
Diversified Consumer Services
Category
special_situation
Heard of FastNail? A dirt-cheap nail salon that is pivoting to become Japan's biggest bitcoin miner
6574.T (overview): Japanese nail salon chain pivoted to Bitcoin mining, targeting 21,000 BTC by 2027 (~0.1% of all Bitcoin). Stock up 277% on crypto hype. Raised ¥3.5B, bought 165 BTC so far. Echoes 2017 crypto pivots like Long Blockchain. Serious capital commitment or pump-and-dump? Core nail biz vs mining expertise mismatch raises red flags.
Read full article (8 min)