Added to YB: 2025-02-24
Pitch date: 2025-02-20
5962.T [bullish]
Asaka Industrial Co., Ltd.
+15.13%
current return
Author Info
Company Info
Asaka Industrial Co., Ltd. produces and sells shovels, spades, and gardening tools in Japan. The company offers excavators, civil engineering and construction equipment, agricultural tools, wood products, electric mobile shelves, rotating racks, heavy/medium/lightweight racks, transportation tools, and stores furniture.
Market Cap
JPY 1.5B
Pitch Price
JPY 1.6K
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.42
P/E
6.49
EV/Sales
0.15
Sector
Household Durables
Category
value
Asaka Industrial (TYO 5962): A 350-Year-Old Profitable Nanocap Net-Net Trading at 0.4x P/B, 7x P/E, with Real Estate Worth 260x its Carrying Value
5962.T: 130-year-old Japanese shovel maker at 0.43x NCAV+Investments. 6.8x P/E, 3% div. #1 in Japan-made shovels. Tiny ¥1.5B mcap, low liquidity. Land assets likely undervalued. No growth but profitable. Family owns 8.61%. Owns 'Zojirushi' trademark for shovels. Small position in cheap Japanese basket.
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