5331 Noritake
- Jul 20, 2025
- 1 min read
The core of the Morimura Group. Top grinding wheel manufacturer. Ceramic materials for electronic components, drying furnaces, and firing furnaces are growing.
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seems like appx 30% is held by bunch of cross shareholders
July 17, activist Strategic Capital reports 5.1% ownership
at 4220 yen/share, 122.5 bil yen mkt cap vs 72.5 bil yen net cash
11.4x per / 0.8x pbr / 3.32% yield