9312 Keihin
- Jun 15, 2025
- 1 min read
Updated: Jul 15, 2025
Keihin is a leading mid-tier comprehensive logistics company. Strong in used car exports. Also handles e-commerce distribution center outsourcing. Strengthens overseas operations through partnership with major U.S. firm BDP.
"Keihin (9312) reported today and revised earnings up a bit and also upped their dividend by ¥20 jpy from ¥80 -> ¥100. Been bullish on this name for a while. It's more expensive now than when I first posted about it, but I still think its cheap"
https://x.com/AltayCapital/status/2019294498950639820?s=20
A lot to like here. Even the corporate head office worth multiples of its ¥1.4b book value. Not chump change given ¥17.8 billion mcap. A few extra billion yen here and there, soon we're talking real money!
"I've been banging the table on 9312 Keihin for some time now (Since Aug 2023) but it's always surprising to me how much value there is here. Their head office land value is 39m JPY for 2,097sqm in Minato. With buildings its ¥1.4b."
Altay - June 20, 2025
https://x.com/AltayCapital/status/1935873109892251968
latest open letter
https://x.com/HalvioCapital/status/1932514110119559266
keihin announces upping payout ratio from 20% to 30%
some reactions from shareholders👇
https://x.com/AltayCapital/status/1917502418289582291