6203 Howa Kogyo
- Japan Guru
- Aug 23, 2025
- 1 min read
A long-established manufacturer of industrial machinery. Machine tools are the main product. There is a large demand from the Ministry of Defense for firearms, soundproof sashes, etc. The leading manufacturer of road sweepers.
"Howa Kogyo (6203) at limit high on the PTS trading after Imura fund reports large shareholding:
- The Japan Self-Defense Forces are rapidly upgrading their rifles to those that are resistant to seawater in preparation for a Taiwan emergency.
- 1Q results show increased sales and profits in the firearms business."
https://x.com/mameyama_kun/status/1958880749777822014
at 1237 yen/share, 15.5 bil yen mkt cap vs 11 bil yen net cash
16x per / 0.79x pbr / 1.62% yield