Added to YB: 2026-05-26
Pitch date: 2026-03-20
4337.T [bullish]
PIA Corporation
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 41.6B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.38
P/E
12.53
EV/Sales
0.05
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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