Added to YB: 2026-09-25
Pitch date: 2026-09-21
4379.T [bullish]
Photosynth inc.
+0.59%
current return
Author Info
No bio for this author
Company Info
Photosynth inc. researches and develops IoT-related devices in Japan. It develops and sells cloud-based IoT services under the Akerun brand, such as Akerun Access Control System; Akerun.
Market Cap
JPY 7.8B
Pitch Price
JPY 510.00
Price Target
1.2K (+134%)
Dividend
N/A
EV/EBITDA
10.50
P/E
26.29
EV/Sales
1.56
Sector
Commercial Services and Supplies
Category
growth
Photosynth: The Japanese Key Keeper That Nobody Is Watching
4379.T: Photosynth is Japan’s profitable cloud-smart-lock leader, growing through recurring subscriptions and demand for labor-saving access systems. Q2 revenue rose 32.3% and adjusted EBITDA 65.7%, while net cash equals 26% of market cap. At ~7x EV/adjusted EBITDA, the base case of ¥50 EPS at 24x supports ¥1,200 by end-2029 versus ¥470, tempered by illiquidity, competition and unproven partner-led growth.
Read full article (8 min)