¥29,740-6.03%
6-month dailyInvestment Thesis
Leading AI server PCB maker. High-layer HDI boards for AI servers. ROE 15.6%. Stock surged from 4,545 to 25,510 in 52 weeks.
Risk
Already priced in — massive run-up. High-layer PCB competition from Taiwan (Unimicron).
Monitoring Trigger
AI server PCB order backlog. Margin sustainability after re-rating.
Key Metrics
16
PE
14
Fwd PE
3
P/B
15.6%
ROE
12%
Op Margin
N/A
D/E
1%
Div Yield
N/A
FCF
565B
Mkt Cap