Added to YB: 2026-04-16
Pitch date: 2026-04-13
2788.T [bullish]
Apple International Co., Ltd.
+0.86%
current return
Author Info
No bio for this author
Company Info
Apple International Co., Ltd. operates as an automobile exporter in Japan and internationally. It also involved in the franchise business of used cars; and auto auction business.
Market Cap
JPY 4.4B
Pitch Price
JPY 349.00
Price Target
880.00 (+150%)
Dividend
N/A
EV/EBITDA
12.60
P/E
5.66
EV/Sales
0.21
Sector
Specialty Retail
Category
value
The Used Car Exporter Trading at 43 Cents on the Dollar - Apple International Co., Ltd.
2788.T: Japanese used car exporter to 70+ countries, profitable 30yrs straight. Cash ¥4.6B vs ¥4.8B mkt cap. Trading 0.44x BV, 0.46x NCAV, 6x P/E. BV/sh grew from ¥462 to ¥800 (14.7% CAGR FY21-25). 240 franchises supply 80k+ vehicles/yr. Risks: FY25 profit fell to ¥559M (down from ¥1.5B avg FY22-24) on shipping costs, margin compression. TSE governance pressure may catalyze buybacks/capital allocation. Liquidation value > mkt cap. 2.9% yield while waiting.
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