Added to YB: 2026-07-10
Pitch date: 2026-07-08
3445.T [neutral]
RS Technologies Co., Ltd.
-10.18%
current return
Author Info
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Company Info
RS Technologies Co., Ltd. provides silicon wafer reclamation and sale services in Japan, Taiwan, China, South Korea, the United States, Europe, and internationally.
Market Cap
JPY 221.0B
Pitch Price
JPY 8.4K
Price Target
N/A
Dividend
0.66%
EV/EBITDA
N/A
P/E
23.26
EV/Sales
2.78
Sector
Semiconductors and Semiconductor Equipment
Category
value
Strange times we live in (RS Tech Update +180%)
3445.T (holding update): Japanese semi wafer reclaim provider, +180% since Aug 2024 pitch. Owns 40% of listed Chinese sub Gritek/Grinm, which 4x'd to 46 Yuan (274 P/E) on wafer shortage bets. SOTP gap widened: Gritek stake >2x RS market cap + net cash. Nov 2025 lockup expired; sold 12.5M shares Feb 2026. Further RS sales could close gap/fund expansion & create arb. Core reclaim biz resilient, Gritek a free lottery ticket. Watching 15-day sale filings.
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