4185 JP

JSR Corp

Industrial/Transportation, Event Driven/Special Sit


Presented:03/03/2021
Price:¥3,345.00
Cap:$6.01B
Current Price:¥4,335.00
Cap:$0.00B

Presented

Date03/03/2021
Price¥3,345.00
Market Cap$6.01B
Ent Value$5.77B
P/E Ratio69.55x
Book Value¥1,791.86
Div Yield1.79%
Shares O/S214.90M
Ave Daily Vol861,723
Short IntN/A

Current

Price¥4,335.00
Market Cap$0.00B
JSR Corp. engages in the manufacture and sale of synthetic rubber and fine chemical materials. It operates through the following segments: Elastomers, Synthetic Resin, Digital Solution, Life Science and Others. The Elastomers segment produces and merchandises general purpose synthetic rubber for automobile tires, special high performance rubber for automotive components, thermoplastic elastomers for plastic enhancements, and emulsion for paper coating. The Synthetic Resin segment manufactures and sells Acrylonitrile, Butadiene, and Styrene (ABS) plastic for office automation equipment and amusement application. The Digital Solution segment produces and markets semiconductor, display, and optical materials. The Life Science segment handles diagnostics, research reagents and related materials, and bio process manufacturing and development consignment. The Others segment covers lithium ion capacitor business. The company was founded on December 8, 1948 and is headquartered in Tokyo, Japan.

Publicly traded companies mentioned herein: Entegris Inc (ENTG), JSR Corp (4185 JP), Lonza Group AG (LONN SW), Nissan Chemical Corp (4021 JP)

Highlights

The presenter is long shares of JSR Corp (4185 JP), a Japanese conglomerate trading at ¥3,300 per share (~$7B market cap). He views JSR as a good company that is in the process of divesting its worst business. He anticipates a sale prior to JSR’s March 26th Management Policy Briefing and an immediate rerating to drive a 20% – 30% appreciation in the share price. Following this catalyst, he would remain bullish on the pro forma company believing that it can compound for the next several years. 

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Idea Discussion

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