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Added to YB: 2026-06-05

Pitch date: 2026-06-03

6469.T [neutral]

Hoden Seimitsu Kako Kenkyusho Co., Ltd.

-4.18%

current return

Author Info

JapaneseIPO writes about unknown but growing Japanese small cap stocks. Sign up for the newsletter.

Company Info

Hoden Seimitsu Kako Kenkyusho Co., Ltd. manufactures and sells electric discharge machining, industrial gas turbine parts, and other metal products.

Market Cap

JPY 29.2B

Pitch Price

JPY 2.6K

Price Target

N/A

Dividend

N/A

EV/EBITDA

16.64

P/E

35.49

EV/Sales

2.31

Sector

Machinery

Category

growth

Show full summary:
Hoden Seimitsui Kako Kenkyusho ('HSK') (6469) – Why Mitsubishi Heavy Is Dropping

6469.T (update): Japan rearmament play via MHI supplier relationship; thesis poorly timed as MHI -30% from ¥5,208 peak despite record FY3/26 orders/rev/profit. Concern: FY3/27 orders guided -11.1% (defense -14.5%), 2nd straight decline as front-loaded ¥43T budget peaks. Catalyst: late-2026 strategic doc revision likely signals larger ¥50-55T successor plan.

Read full article (3 min)