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Situation Highlight

LATEST:

OCT 25, 2025

5 bil yen market cap vs 6 bil yen net cash

6.36x PER

0.45x PBR

In Feb, the company cashed out two activists, Black Clover and Swiss Asia, through buyback.  August 21, the founding family office increased its stake from 9.14% to 13.76%.

 

Is the management setting the stage for an MBO? At least someone thinks so.

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