Cerespo Co., Ltd. (9625.T)

Cerespo Co., Ltd. (9625.T) — VMCI valuation read

Cerespo Co., Ltd. sits at VMCI 50/100, with the Communication Services sector median at 50. That 0-point spread is the first thing to note on 9625.T: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on 9625.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 9625.T: 9625.T trades at 14.0x earnings, 22% below the Communication Services median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Communication Services median (10.0%). The Risk read: net debt to EBITDA of -0.5x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

9625.T fell 1.5% over the trailing 7 days, with a +5.5% read on a 30-day basis.