Added to YB: 2026-03-11
Pitch date: 2026-01-01
3179.T [bullish]
Syuppin Co., Ltd.
+7.74%
current return
Author Info
No bio for this author
Company Info
Syuppin Co., Ltd. operates e-commerce websites for buying and selling new and used products in Japan.
Market Cap
JPY 27.2B
Pitch Price
JPY 1.1K
Price Target
1.8K (+44%)
Dividend
N/A
EV/EBITDA
11.26
P/E
16.27
EV/Sales
0.61
Sector
Specialty Retail
Category
special_situation
Syuppin Co., Ltd. - $3179.T
3179.T: Leading Japan used camera retailer (12% 10yr CAGR, 60-70% pre-tax ROA, 6x inventory turns) generating ~5bn OP. Problematic watch business (1.5x turns, volatile margins) dragging returns. Jan 22 EGM: VIS Advisors (8.44%) proposing 3 new directors to exit/reform watches. ~26% shares support proposal vs 16% opposed, 35% retail. Watch sale could fetch 7-10bn (inventory + 5-8x EBIT). Camera segment worth 32bn at 10x. Total fair value 36-39bn vs 24.6bn market cap = 47-59% upside if watches divested within 1-2yrs.
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