Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Sakura Internet (3778) | Blossoming in the Cloud?

Equity Bottom-Up

<ul>
<li>The share price of Sakura Internet has risen by over 500%, adding Y230 billion in market cap, since investors began pricing in the AI opportunity</li>
<li>We use pricing data from Amazon AWS to model the revenue opportunity for Sakura’s GPU AI-cloud</li>
<li>We estimate that 2,500 H100 GPUs could yield an equity value of Y49 billion, far less than the value the market has ascribed</li>
</ul>


The share price of Sakura Internet has risen by over 500%, adding Y230 billion in market cap, since investors began pricing in the AI opportunity
We use pricing data from Amazon AWS to model the revenue opportunity for Sakura’s GPU AI-cloud
We estimate that 2,500 H100 GPUs could yield an equity value of Y49 billion, far less than the value the market has ascribed


Sakura Internet (3778) | Estimating the Value of 2,500 GPUs

Sakura internet

Sakura Internet (3778) | Estimating the Value of 2,500 GPUs