And now we are three - Ryosan (JP:8140)

After Ryoyo and Ryoden, who gained the ambiguos fame of being a company trading at sub- liquidation value three years ago, Ryosan corp. joined the disreputable club this april (congrats).

All of these stocks operate in the same businessfield (electronic trading company) and have the same major shareholder (Mitsubishi electric). Mitsubishi electric must be rolling in cash, allowing those holdings of theirs trading at such abysmal levels.