2814 Sato Foods Industry
- Japan Guru
- May 19
- 1 min read
Sato specializes in natural material extracts. Renowned for powdering technology. Three factories in Aichi Prefecture, including the headquarters factory; upgrading production equipment is a challenge.
"5.3% buyback announced after close (200k shares). 950k treasury shares also being cancelled. nice"
https://x.com/AltayCapital/status/1962781143188803917
"Another massive parting gift to shareholders from the Sato family. Certainly not something I expected to ever see again. Truly extraordinary. With the buyback we have seen the share count drop ~9%. Hikari now controls ~11%"
https://x.com/MallardResearch/status/1963672864785338771
Mallard Research's deep dive here
https://x.com/MallardResearch/status/1923296095985139968
As of the date of the research on Feb 19, 2025, it claims " stable & profitable Japanese net-net with a 150% of market cap covered by cash & securities...with profitability [expected] to improve from here, driving returns."
at share price of 2414, the mkt cap is 21.8 bil yen vs net cash of 13 bil. per 18.8 and pbr 0.47.
If net-cash adjusted, per is 7.52 [PER x (1- net cash / mkt cap].