Added to YB: 2026-05-05
Pitch date: 2026-05-01
3445.T [neutral]
RS Technologies Co., Ltd.
Author Info
No bio for this author
Company Info
RS Technologies Co., Ltd. provides silicon wafer reclamation and sale services in Japan, Taiwan, China, South Korea, the United States, Europe, and internationally.
Market Cap
JPY 140.8B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.50
P/E
15.14
EV/Sales
1.83
Sector
Semiconductors and Semiconductor Equipment
Category
value
RS Technologies: Winning Regardless of the Chip Cycle
3445.T (overview): World's leading semiconductor wafer recycler (33% share, TSMC/Sony customers) w/ 38% op margin. Toll booth on entire semi supply chain regardless of tech. Market cap ~¥159B, but GRITEK stake + net cash = ~¥150B, so core biz nearly free. EV/FCF ~16x (~10x adj for GRITEK). Still cheap post-rally.
Read full article (2 min)