Tigers Polymers (TYO 4231) - Dirt Cheap Consistently Profitable Japanese Net-Net with Negative EV Trading at 0.3x P/TBV, 7.5x P/E, with U.S. Manufacturing

71% of profits come from their U.S. business, 22% from Japan, 6% from SEA. (Q1-Q3 FY2025). The company only ever lost money in 1 year since 1985.