Added to YB: 2026-10-08
Pitch date: 2026-10-04
4022.T [neutral]
Rasa Industries, Ltd.
-16.84%
current return
Author Info
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Company Info
Rasa Industries, Ltd. is involved in the chemicals, machinery, and electronic materials businesses in Japan and internationally.
Market Cap
JPY 83.0B
Pitch Price
JPY 2.1K
Price Target
N/A
Dividend
1.69%
EV/EBITDA
N/A
P/E
18.11
EV/Sales
1.67
Sector
Chemicals
Category
growth
Rasa Industries (4022.T): Three Quarters of Its Etch Acid Is Already Made in Taiwan. The Phosphorus Still Comes From One Country
4022.T (update): Rasa is doubling down on Taiwanese high-purity phosphoric acid production with a JPY 18.8B plant — 23% of market value and 58% of net assets — after roughly 74% of acid revenue already shifted there. The 50% leading scenario assumes demand growth and stable phosphorus prices, but Japan sources 99.9% of yellow phosphorus imports from Vietnam; Taiwanese sourcing is undisclosed, leaving feedstock concentration and future depreciation as the central risks.
Read full article (9 min)