3 Global Monthly Discoveries: June '25
From a Japanese real-estate play to a European software gem with elite margins and an AI marketing pioneer reshaping Asia-Pacific.
Every month, we present our paid members with an elite selection of undiscovered stocks from around the world. These Top Monthly Discoveries represent the pinnacle of our global research efforts, carefully chosen to offer you unparalleled insight into the most promising under-the-radar opportunities.
Here are the discoveries for June 2025!
🇯🇵 Kasumigaseki Capital Co., Ltd. (TSE: 3498)
Headquarters: Tokyo, Japan
Founded: 2011
Trading Venue: Tokyo Stock Exchange
Focus: Real Estate Development, Renewable Energy, Logistics Infrastructure & Hospitality
🏭 ABOUT
Kasumigaseki Capital Co., Ltd. is a diversified infrastructure and real estate platform that has quietly emerged as one of Japan's most dynamic growth stories in the sustainable infrastructure space. Founded just over a decade ago, the company has rapidly scaled across multiple high-barrier verticals, from renewable energy development to specialized logistics facilities and apartment hotels.
The firm operates through four primary segments: renewable energy generation (solar, wind, and biomass power plants), hospitality through its FAV HOTEL apartment hotel brand, logistics and warehousing infrastructure (including cold storage and automated facilities), and healthcare-focused social infrastructure. This diversified approach positions Kasumigaseki at the intersection of Japan's energy transition, logistics modernization, and demographic-driven healthcare expansion.
What sets Kasumigaseki apart is its ability to identify and develop essential infrastructure assets across sectors experiencing structural tailwinds. The company's lean team of just over 400 employees has built a scalable platform that leverages Japan's push toward renewable energy adoption, e-commerce-driven logistics demand, and an aging population's healthcare infrastructure needs.
💰 FINANCIALS AND VALUATION
Kasumigaseki delivers explosive growth that few public companies can match, with a remarkable three-year revenue CAGR of 62.8% and five-year revenue CAGR of 65.1%. Earnings growth has been equally impressive, with diluted EPS expanding at a 66.4% CAGR over the past three years. The company's forward-looking growth trajectory remains robust, with projected revenue growth of 51.8% and EBITDA growth of 93.4% over the next two years.
Profitability metrics reflect the capital-intensive nature of infrastructure development while maintaining healthy margins. EBITDA margins of 15.5% and operating margins of 14.4% demonstrate effective operational leverage, while the company's 18.9% ROE signals strong returns on shareholder capital. The negative free cash flow margin reflects aggressive reinvestment in growth projects—typical for a rapidly scaling infrastructure developer.
Despite its explosive growth profile, Kasumigaseki trades at reasonable valuations for a high-growth infrastructure platform:
P/E: 22.2
EV/Sales: 2.3
EV/EBITDA: 14.7
Price Target: ¥22,000
Dividend Yield: 1.7%
DPS Growth (3Yr): 81.7%
The balance sheet shows ¥23.4 billion in cash against ¥41.7 billion in net debt, reflecting the capital requirements of infrastructure development while maintaining manageable leverage ratios for the sector.
Exhibit 1. Valuation metrics.
🔭 Bottom Line
Kasumigaseki Capital represents a rare combination of explosive growth, diversified infrastructure exposure, and positioning within Japan's most compelling structural trends. With its multi-sector platform spanning renewable energy, logistics, and healthcare infrastructure, the company offers investors a pure-play on Japan's infrastructure modernization while trading at reasonable multiples for its growth profile. Still relatively young and under-the-radar, Kasumigaseki is building the essential infrastructure of tomorrow—today.
Exhibit 2. Stock performance over the past 5 years (from Fiscal.ai)
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