6707 Sanken Electric

"If Effissimo failed, anyone else would"

https://x.com/i/status/1991033392591524104

Sanken = multiple activists (Oasis & Effissimo etc), low stake by founders. Same goes for 6736

https://x.com/makemmd/status/1999085289479008733?s=20

"The ultimate Japan value trap. Sanken, $6707 is now down 65% from its peak (back to pre activist buyer undisturbed) after Effissimo went on that huge buying spree in late 2022 early 2023. Sanken still holds $1.28bn of ALGM (vs $670m mkt cap)"

https://x.com/JapanDeepValue1/status/1991007467409715365?s=20

Sanken plans to deploy IPMs equipped with high-voltage gallium nitride (GaN) and silicon carbide (SiC) power semiconductors for air conditioning and liquid cooling systems in AI data centers.

As China accelerates its shift to domestically produced semiconductors and sales for home appliances segment - its primary market - decline, Sanken will seek to cultivate new markets with products that combine core technologies that achieve compact size, high efficiency, and high functionality. President Hiroshi Takahashi explained the plan at a financial results briefing on November 12, 2025.

https://eetimes.itmedia.co.jp/ee/articles/2511/14/news060.html

at 5040 yen/share, 105.5 bil yen mkt cap

Demand for power semiconductors from the industrial machinery sector was sluggish. However, demand for automotive applications began to pick up in the second half, and home appliances remained strong in China and Korea. Operating profits improved due to improved profitability. However, losses on Allegro shares and special losses related to Ishikawa Sanken's voluntary retirement are causing Sanken to turn net loss for FY March 2026.

0.82x pbr