9066 Nisshin
- May 12, 2025
- 1 min read
Nisshin is a major international logistics company. Key areas include automotive, hazardous materials, and food logistics. Operates in five regions: Japan, U.S., China, Asia, and Europe. Also operates tourism business.
going private w bain
https://x.com/AltayCapital/status/1920742015425265914?t=E59Lsmv-E60KxBmBWgPejQ&s=19
input from one of my respected 𝕏 followers:
"CEO is the son of previous chairman, but instead of mistreating minority shareholder, doing every right with capital allocation. 25% shares buyback last year, good dividend payout, starting to take on low cost bond debt, etc."
they have land property on the book at the cost of 30 bil yen - they were founded in 1938 and these lands should be worth a whole lot more
27% of stock held in treasury, with no founder presence in capital structure
75 bil mkt cap, debt-free co trading 7x per 7x and 0.8x pbr. modest 1 bil yen net cash
Scheduled to start operations in September 2026, a new hazardous materials warehouse will be established in Kobe City. Actively expanding collection and storage of used lithium-ion batteries, anticipating increased demand