Professional
Added to YB: 2026-07-27
Pitch date: 2026-07-20
5983.T [neutral]
Iwabuchi Corporation
Author Info
Idea Brunch is an interview series where great off-the-beaten-path investors share their best ideas and insights about their research process. Yellowbrick users get a 20% discount for life
Company Info
Iwabuchi Corporation manufactures and sells electrical overhead wire hardware for electric power, communication, signals, broadcasting, and railway industries in Japan.
Market Cap
JPY 16.2B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.11
P/E
17.50
EV/Sales
0.86
Sector
Electrical Equipment
Category
value
Idea Brunch with James Halse of Senjin Capital - Iwabuchi Corporation
5983.T: Japanese activist play (Senjin owns 9.5%). Stable profitable manufacturer, but biz only ~1/3 of value. At entry: net cash = 100% of mkt cap, real estate at market ~150% (held at cost), securities 20%, biz at 10x NPAT. Stock doubled on engagement; first-ever strategic plan due Nov. Still 0.7x tangible book, less on RE mark.
Read full article (1 min)