| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 180.14 | 1 |
| Intrinsic value (DCF) | 41.20 | -77 |
| Graham-Dodd Method | 370.95 | 107 |
| Graham Formula | 237.04 | 32 |
Freesia Macross Corporation (6343.T) is a diversified Japanese industrial company headquartered in Tokyo, operating across multiple sectors including real estate, machinery manufacturing, and specialty goods. Established in 1947 and formerly known as Macross Company Ltd., the company has evolved into a multifaceted business under its parent company, Freesia House Co., Ltd. Freesia Macross operates in three primary segments: real estate (transactions, leasing, and supervision), industrial machinery (manufacturing and selling extruders, dryers, and other plastic processing equipment), and consumer goods (food, textiles, jewelry, and sports equipment). The company also engages in construction, hospitality, and technology-related services, making it a unique hybrid of industrial and consumer-facing operations. With a market capitalization of approximately ¥4.73 billion, Freesia Macross serves both B2B and B2C markets in Japan, leveraging its long-standing expertise in machinery and diversified product portfolio. Its niche in plastic resin processing equipment and real estate services positions it as a specialized player in Japan's industrial sector.
Freesia Macross presents a mixed investment profile. On the positive side, the company operates in stable industries (real estate and industrial machinery) with a diversified revenue base, reducing sector-specific risks. Its net income of ¥657.5 million and diluted EPS of ¥14.61 indicate profitability, though operating cash flow (¥190.7 million) is modest relative to total debt (¥9.92 billion). The company's low beta (0.809) suggests lower volatility compared to the broader market, which may appeal to risk-averse investors. However, high debt levels and significant capital expenditures (¥1.27 billion outflow) raise concerns about financial flexibility. The minimal dividend (¥0.6 per share) offers limited income appeal. Investors should weigh its niche market positioning against its leveraged balance sheet and the competitive Japanese industrial landscape.
Freesia Macross competes in fragmented markets with varying degrees of competitive intensity. In industrial machinery, its specialization in plastic processing equipment (e.g., extruders, pelletizers) gives it technical expertise but limits scale compared to global machinery giants. The company's real estate segment benefits from local market knowledge but faces competition from larger Japanese real estate firms. Its diversification into consumer goods (food, textiles) provides revenue stability but lacks dominant market share in any category. A key competitive advantage is its vertical integration—combining machinery manufacturing with end-product sales (e.g., plastic goods, construction materials). However, its relatively small size (¥6.72 billion revenue) restricts R&D and marketing budgets versus multinational peers. The subsidiary structure under Freesia House provides some financial backing but may also limit independent strategic agility. In machinery, the company competes on customization and after-sales service rather than price, catering to small-to-midsize Japanese manufacturers. Its real estate business leverages long-term client relationships but lacks the development scale of top-tier Japanese REITs or conglomerates.