Professional
Added to YB: 2025-10-17
Pitch date: 2025-10-01
5842.T [bullish]
Integral Corporation
-9.94%
current return
Author Info
Night Watch Investment Management is an alternative asset manager focused on global equities, selected based on our in-depth proprietary research. Our investment style is best described as value plus catalyst. Visit their website.
Company Info
Integral Corporation is a private equity firm which specializes in management buyouts, turnaround, leveraged buyouts, mezzanine, and other minority investments.
Market Cap
JPY 110.2B
Pitch Price
JPY 3.6K
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.17
P/E
7.64
EV/Sales
3.52
Sector
Capital Markets
Category
value
Night Watch Investment Management New Position: Integral Corporation
5842.T (new position): Japanese PE manager raised Fund 5 at 2x previous size, AUM +135%. Believes Fund 6 can double again in 2yrs. Trades at discount despite conservative 5-6x EBITDA valuations on coinvestments (~50% market cap). Catalyst: Tekscend IPO Q4 2025 at ¥300b (¥150b to Integral, acquired ¥10-20b).
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