Nankai Plywood - TYO:7887

Profitable net-net: 80-year old building materials business trades at 0.2x tangible book value, 50% insider ownership.

Mar 02, 2025

∙ Paid

Nankai Plywood (NP) is the cheapest stock I own, and one of several microcap companies in my Japanese net-net basket. Plus, its ticker symbol is a palindrome. What’s not to like?

NP was founded in 194…

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