Added to YB: 2026-05-12
Pitch date: 2025-09-19
4441.T [bullish]
Tobila Systems Inc.
+23.64%
current return
Author Info
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Company Info
Tobila Systems Inc. develops and sells nuisance call filter products in Japan. The company offers spam call filter products for mobiles, landlines, and business phones.
Market Cap
JPY 13.0B
Pitch Price
JPY 1.0K
Price Target
2.2K (+71%)
Dividend
1.56%
EV/EBITDA
8.73
P/E
21.40
EV/Sales
3.12
Sector
Software
Category
value
55.3% FCF Margin Anomaly Hiding in Japan - Tobila Systems Inc.
4441.T: Japan's anti-fraud call filter (67.5% mobile, 23.4% biz phones) w/ data moat via police feeds & 15M user logs. 30%+ op margin, 55.3% FCF margin, ¥2.8bn net cash. Sticky recurring rev but risky: 80% liabilities = prepaid contracts; carrier dependency = 50% rev loss if internalized. FV ¥1,600 (10% FCF yield vs 15% hurdle); upside ¥2,200 if biz phone scales, downside ¥900 if adoption stalls. Grade 7.5/10.
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