finetrader Posted September 1, 2014 Share Posted September 1, 2014 HIRANO TECSEED Co., Ltd. manufactures chemical engineering and textile machinery. The Company's products include adhesive tape-making machines, magnetic tape laminators, floating dryers, carbon fiber manufacturing machines, and coating machines for textile, paper, and film manufacturers. The investment thesis is pretty simple. Hirano is a profitable japanese company with very little debt. Market cap is 14.8B yens and cash is 14.7B yens. EV is about 0.5B yens, Hirano has always been profitable in the last 5 years, and earnings were always above 0.5B yens in those years. They pay a 1.98% dividend. Cornwall Capital seems to be a shareholder if I'm to believe this article: http://asia.nikkei.com/print/article/36495 Financials of the company can be found here: http://quotes.morningstar.com/stock/s?t=6245®ion=jpn&culture=en-US http://www.hirano-tec.co.jp/en/ n.b. I could have add this company into the japanese net net investment idea thread but I feel it is a solid single idea Link to comment Share on other sites More sharing options...
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