Topic
small caps
Everything our editor has picked under this tag, best first.
japan Takasago Tekko (5458): A Profitable ¥3.3bn Nanocap near net-net @ 7.7x ntm P/E With ¥3.8bn of Appraised Rental Real Estate and a 36,009 sqm Tokyo Factory Site Carried at ¥2m (But worth ¥8bn+)
Takasago Tekko trades at 7.7x forward earnings, with ¥3.8bn of rental real estate and a Tokyo factory site carried at ¥2m that may be worth ¥8bn or…
Altay Capital - Mostly Value Investing
activism Art Vivant (TYO 7523): Cheap Adjusted Net-Net at 11x PE Trading Below Failed ¥1,670 MBO Price as Activist Builds 40.13% Stake
Art Vivant trades below the failed ¥1,670 MBO price at 11x earnings as an activist builds a 40.13% stake.
Altay Capital - Mostly Value Investing
corporate governance Unozawa-gumi Iron Works (6396): A Profitable $23m Nanocap at 10x P/E With Real Estate in Tokyo Worth 145,000x Carrying Value (Not a Typo)
Unozawa-gumi Iron Works trades at 10x earnings despite $132 million of Tokyo real estate against a $23 million market value.
Altay Capital - Mostly Value Investing
deep value Furubayashi Shiko (TYO 3944) - A Deep Value Packaging Nanocap Trading at 9x P/E, 0.27x Book, and Well Below NCAV+Investments
Furubayashi Shiko trades at 9x earnings and 0.27x book, with under-marked land and securities supporting its value despite illiquidity and…
Altay Capital - Mostly Value Investing
japan Tokyo Automatic Machinery (TYO 6360) - Deep Value Nanocap with Improving Shareholder Returns, 0.4x P/B, and 7.8x Forward P/E
Tokyo Automatic Machinery targets 1x book value and a 30% payout ratio, backed by ¥5,220 of NCAV plus investments per share against a ¥2,885 share…
Altay Capital - Mostly Value Investing
corporate actions Small Cap Special Situation
A small-cap special situation returns most cash within roughly two months, leaving a stub position that could double.
Nat Stewart - Stock Picking Newsletter
buybacks Kaneshita Construction (TYO 1897) - A Profitable Nanocap Net-Net Construction Company Trading at a 65% Discount to NCAV+Investment Securities
Kaneshita Construction trades at ¥2,690 per share versus roughly ¥7,654 of NCAV plus investment securities and has repurchased 42.5% of shares since…
Altay Capital - Mostly Value Investing
ABDP long 2026-04-26 automotive AB DYNAMICS plc
AB Dynamics supplies driving robots and soft-target dummies for testing vehicle active-safety and autonomous-driving systems.
Value Investors Club