Added to YB: 2026-05-04
Pitch date: 2026-05-03
6086.T [bullish]
Shin Maint Holdings Co.,Ltd.
Author Info
Company Info
Shin Maint Holdings Co.,Ltd. provides maintenance services primarily in Japan. It offers store and facilities equipment, and interior and exterior fittings related maintenance services.
Market Cap
JPY 20.4B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.11
P/E
16.48
EV/Sales
0.53
Sector
Commercial Services and Supplies
Category
value
Chicken or the Egg
6086.T (new position): Asset-light restaurant maintenance intermediary w/ 11K+ partners (largest network), 50K+ locations, 1st-mover moat after ITOCHU failed to compete. 300+ customers (Skylark 24%), 10% preventive maint growing faster. 14yr FCF>NI avg, infinite ROIC (negative NWC+capex), 18% CAGR since '13 IPO. 10% organic growth, 6.3% EBIT margin (really 28% if net-revenue basis). Founder owns 21%, avg 67% FCF returned. 7% adj FCF yield + 10% growth + multiple expansion to 15x = 23% IRR. Risk: Skylark concentration, U.S. expansion.
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