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Added to YB: 2026-09-09

Pitch date: 2026-09-07

8699.T [neutral]

HS Holdings Co., Ltd.

-2.97%

current return

Author Info

No bio for this author

Company Info

HS Holdings Co., Ltd. provides merger and acquisition intermediary services in Japan and the Kyrgyz Republic.

Market Cap

JPY 34.8B

Pitch Price

JPY 1.1K

Price Target

N/A

Dividend

N/A

EV/EBITDA

N/A

P/E

2.46

EV/Sales

N/A

Sector

Capital Markets

Category

value

Show full summary:
Mongolian Stocks, Part II - HS Holdings Co., Ltd.

8699.T (pass): HS Holdings appears to offer Khan Bank at a 33% discount after liabilities, with several other businesses effectively free, but management and dominant shareholder Upsilon favor acquisitions over shareholder returns. The company pays a fixed ¥10 dividend at a 2% payout ratio, retains repurchased shares for potential M&A and opposed greater capital-allocation disclosure. Continued empire building and rising conglomerate complexity make the discount unlikely to close.

Read full article (2 min)