Added to YB: 2026-08-26
Pitch date: 2026-08-24
332A.T [neutral]
MEEQ Inc.
+1.02%
current return
Author Info
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Company Info
MEEQ Inc. engages in the mobile IoT support business in Japan. It offers MEEQ, a mobile data communication service for IoT that allows to purchase and manage multiple lines from a console screen, as well as provides databases and data processing for creating IoT systems without coding or system development.
Market Cap
JPY 12.8B
Pitch Price
JPY 1.1K
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.22
P/E
16.28
EV/Sales
1.11
Sector
Diversified Telecommunication Services
Category
value
Monday Delight: 24/08/2026 - MEEQ Inc.
332A.T: Sony-spun Japanese MVNE (MVNO enabler); 18% op margins, FCF≈NI, ¥4.9bn net cash vs ¥11.1bn cap, no debt, 5.9x EV/EBIT, ~70% ROOC. Cheap for a reason: 89% of last yr's growth from one loss-making customer (Maezawa's KABU&) IPO'ing Oct-2026—could in-source and repeat the 2021-24 -46% rev collapse (Rakuten/LINE). Sony holds 40.25%; zero payout in 7yrs, cash earns 0.2%. Catalysts: first capital return or Sony stake change.
Read full article (1 min)