6565 AB Hotel
- Japan Guru

- Jul 5
- 1 min read
Business hotel operator Aichi. Mainly catering to manufacturing demand, while outsourcing operations. This co was formed as spin-out from Tosho.
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Business hotel operator Aichi. Mainly catering to manufacturing demand, while outsourcing operations. This co was formed as spin-out from Tosho.
This company needs one of its large shareholders to divest the stake otherwise they will be delisted from TSE Standard section due to failure to meet the public float % requirement. And the negotiation is not going well.
Absent successful negotiation, the options are (i) MBO and (ii) delist from TSE and just remain listed on Nagoya
https://x.com/26ooo/status/1938605172642726015
at 1417/share, 20 bil yen mkt cap vs 6 bil yen net debt
8.17x per / 1.58x pbr / 1.41% dividend