Added to YB: 2026-05-06
Pitch date: 2026-05-04
6469.T [neutral]
Hoden Seimitsu Kako Kenkyusho Co., Ltd.
Author Info
JapaneseIPO writes about unknown but growing Japanese small cap stocks. Sign up for the newsletter.
Company Info
Hoden Seimitsu Kako Kenkyusho Co., Ltd. manufactures and sells electric discharge machining, industrial gas turbine parts, and other metal products.
Market Cap
JPY 31.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.79
P/E
38.24
EV/Sales
2.47
Sector
Machinery
Category
growth
Hoden Seimitsui Kako Kenkyusho (“HSK”) (6469) – A short note on Mitsubishi Heavy Alternative.
6469.T (earnings): Japan defense/aerospace EDM specialist w/ 35% MHI stake. FY2/26 rev ¥14.3B (+11% YoY), op profit ¥1.1B (+63%), beat MTP 2027 targets early. FY2/27 guide: rev ¥16B, op profit ¥1.2B (+7%), but net income -14% on tax normalization. Trades 46x FY2/27 P/E, 3.6x P/B vs MHI's 53x/5.8x. Stock -51% from ¥6K peak despite strong results. 6% foreign ownership, retail following. Risks: conservative guidance, near-term margin pressure from capex/labor investment.
Read full article (4 min)