HIMARAYA Co.,Ltd. (7514.T)

HIMARAYA Co.,Ltd. (7514.T) — VMCI valuation read

Headline read on 7514.T: VMCI of 41/100 versus a Consumer Cyclical sector median of 50. The 9-point below-median position is what makes HIMARAYA Co.,Ltd. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 7514.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 7514.T: value (7514.T trades at 21.0x earnings, 17% above the Consumer Cyclical median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Consumer Cyclical median (10.0%)), and risk (net debt to EBITDA of 0.9x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Consumer Cyclical 12.0x baseline.

7514.T rose 3.4% over the trailing 7 days, with a -18.3% read on a 30-day basis.