IMURA & Co.,Ltd. (3955.T)

IMURA & Co.,Ltd. (3955.T) — VMCI valuation read

IMURA & Co.,Ltd. sits at VMCI 48/100, with the Basic Materials sector median at 50. That 2-point spread is the first thing to note on 3955.T: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on 3955.T are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on 3955.T: 3955.T trades at 24.0x earnings, 33% above the Basic Materials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Basic Materials median (10.0%). The Risk read: net debt to EBITDA of 3.1x is the binding constraint on the bear case, anchoring the bear scenario on a measurable balance-sheet metric.

3955.T rose 0.8% over the trailing 7 days, with a -6.3% read on a 30-day basis.