SAKURA internet
- Ticker
- 3778.T
- Beat
- datacenters
- Size
- Public Company
- Researched · Fresh
- 10 days ago
Japan's state-subsidised GPU landlord has finally turned the subsidy into operating profit (Q1 FY3/27 OP ¥1.23B, 11.1% margin, GPU revenue +246%), but the P&L is flattered by METI paying ~39% of FY3/26 capex (mostly GPU kit) through tax-purpose compression, the largest customer is a government institute, and the next leg — a ¥26B Rubin order funded by bank debt against ¥30.8B of equity — is the first big GPU bet the state is NOT visibly co-paying for. At ~100x forward earnings the market prices
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The research around SAKURA internet
Covered in the Knowledge Base
Datacenters & Digital Infrastructure
Company details
| Industry | Cloud Computing |
| Size | Public Company |
Others in datacenters
5 namesWhere SAKURA internet sits against the other names we cover on this beat. Each line is that company’s verdict, not a summary of it.
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Equinix
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Uniti Group
UNITThe inflection the market bought in Q1 was a one-off hyperscaler IRU
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