Added to YB: 2026-05-26
Pitch date: 2026-03-20
4337.T [bullish]
PIA Corporation
-4.94%
current return
Author Info
No bio for this author
Company Info
PIA Corporation engages in the ticketing, publishing, planning, production, and operation of concerts and events in Japan.
Market Cap
JPY 41.4B
Pitch Price
JPY 3.0K
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.35
P/E
12.47
EV/Sales
0.04
Sector
Diversified Consumer Services
Category
value
PIA Corporation - $4337.T
4337.T: Japan's Ticketmaster w/ ~50% mkt share sold 85M tickets (vs Ticketmaster 331M globally, StubHub 40M). Trades 2.5x EV/EBITDA, 40% ROE, net cash despite profitable post-COVID growth from 1st-ever fee hikes (JPY110 boost = JPY9.35B gross profit). Catalysts: dividend resumption (40% payout), 76yo CEO succession, Green x Expo 2027 (~10M incremental tickets). Only 1 of 56 Asia cos <3x EV/EBITDA, net cash, >20% ROE, dividend-paying.
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