Added to YB: 2026-07-31
Pitch date: 2026-07-29
4685.T [bullish]
Ryoyu Systems Co., Ltd.
+0.98%
current return
Author Info
Price to Tangible Bruce is a deep value investor. Buying what most investors don't like across global public markets. Sign up for the newsletter.
Company Info
Ryoyu Systems Co., Ltd. provides design, development, operation and maintenance of information and communication systems for various industries in Japan.
Market Cap
JPY 36.4B
Pitch Price
JPY 2.9K
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.71
P/E
9.29
EV/Sales
0.64
Sector
IT Services
Category
value
Buying Japan's Defence Build-Up on the Cheap - Ryoyu Systems Co., Ltd.
4685.T: Japan defense IT play for Mitsubishi Heavy (61% of sales, MHI owns 31% — possible take-private). Rev 30.2b→43.3b (2022-26), op margin 8.2%→13%, ROE 18.9%, net-cash. Cheap at 9x P/E, 4.9x EV/EBIT, 1.5x P/TB. MHI record orders drive 2-3yr defense tailwind. Risk: rising concentration.
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