WonderPlanet Inc. (4199.T)

WonderPlanet Inc. (4199.T) — VMCI valuation read

Headline read on 4199.T: VMCI of 26/100 versus a Technology sector median of 50. The 24-point below-median position is what makes WonderPlanet Inc. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 4199.T: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on 4199.T: value (4199.T trades at 15.0x earnings, 17% below the Technology median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Technology median (10.0%)), and risk (net debt to EBITDA of -1.8x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Technology 12.0x baseline.

4199.T fell 1.4% over the trailing 7 days, with a -20.2% read on a 30-day basis.