Added to YB: 2026-02-20
Pitch date: 2026-01-08
4975.T [bullish]
JCU Corporation
+29.88%
current return
Author Info
No bio for this author
Company Info
JCU Corporation engages in the produces and sells chemicals, machines, and equipment in Japan. The company offers surface treatment chemicals for the decoration and rustproofing of automobile parts, faucet parts, construction materials, etc.
Market Cap
JPY 153.7B
Pitch Price
JPY 5.0K
Price Target
6.0K (-8%)
Dividend
N/A
EV/EBITDA
10.37
P/E
18.06
EV/Sales
4.53
Sector
Chemicals
Category
value
JCU Corporation: A Quiet Winner in the AI and Advanced Packaging Supercycle
4975.T: Japanese specialty chem co w/ 40% op margin, 63.5% gross margin supplying mission-critical plating chemicals for semiconductors/PCBs. Razor-blade model creates lock-in; benefiting from AI/HPC substrate demand (Taiwan strong) despite China auto weakness. 90% equity ratio, 20% cash/mcap, 50% TSR ratio via divs+buybacks. Trades 14x P/E (~11x ex-cash) vs historical 17-20x. DCF suggests JPY 5,600-6,000 fair value (15-20% upside). Key risks: Taiwan geopolitics, customer concentration.
Read full article (5 min)