Secom Joshinetsu: Looks Fairly Valued, But There Is Scope For Dividend Hikes
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Secom Joshinetsu (OTCPK:SJOHF) is a free cash flow generative business with predictable earnings and an asset-rich balance sheet. On PER FY3/2022 15.5x the shares look fairly valued, but we are cognizant of the potential in improving shareholder returns going forwards.
Secom Joshinetsu is a security services company based in Niigata City in Japan. Its geographic coverage is for Niigata, Gunma and Nagano prefectures,…