Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>Japanese equities experienced a mixed but ultimately positive week, with the Nikkei 225 advancing 0.4% and the Topix up 1%</li>
<li>The BOJ kept its target rate at 0.25% but signalled a hawkish stance, with Governor Ueda not ruling out a rate hike in December should inflation pressures persist</li>
<li>Outlook for the coming week: Japan politics, Japanese corporate earnings, and US presidential election.</li>
</ul>


Japanese equities experienced a mixed but ultimately positive week, with the Nikkei 225 advancing 0.4% and the Topix up 1%
The BOJ kept its target rate at 0.25% but signalled a hawkish stance, with Governor Ueda not ruling out a rate hike in December should inflation pressures persist
Outlook for the coming week: Japan politics, Japanese corporate earnings, and US presidential election.


Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

MS&AD Insurance Group Holdings, Inc. is a holding company established through reorganization of Mitsui Sumitomo Insurance Company, Limited.  The Group writes marine, fire, casualty, automobile, life, and allied insurance policies. MS&AD Insurance Group also operates financial services and agencies.

<ul>
<li>TSE-Listed companies are asked to file "Management Conscious of Capital Cost/Stock Price" awareness reports/policies. Many have. Some are still working on it. And policies change, and CGR reports are updated.</li>
<li>Our tools show every report, links to every document, and now a new diff file tool. input a name, see the difference between the Old/New Reports. We hope it helps.</li>
<li>This tool is designed to be a shelf reference. We update it once a month, and every CorpGovReport and new "Management Conscious" report updated since a CGR update is here.</li>
</ul>


TSE-Listed companies are asked to file "Management Conscious of Capital Cost/Stock Price" awareness reports/policies. Many have. Some are still working on it. And policies change, and CGR reports are updated.
Our tools show every report, links to every document, and now a new diff file tool. input a name, see the difference between the Old/New Reports. We hope it helps.
This tool is designed to be a shelf reference. We update it once a month, and every CorpGovReport and new "Management Conscious" report updated since a CGR update is here.


Japan CorpGovReport Details: TSE "Mgmt Conscious of Capital Cost/Stock Price" Details (Nov24)

Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

Orient Corporation provides consumer credit services.  The Company's services include credit cards, consumer installment credits, loan guarantees, leasing, and loans.

<ul><li>Operating revenue increased by JPY11.3bn YoY, driven by growth in core businesses and newly consolidated subsidiaries. </li><li>Orico revised its FY03/25 earnings forecast downward due to weaker-than-expected subsidiary performance in Thailand and Indonesia. </li><li>The company plans strategic initiatives to improve loan quality and strengthen its revenue base amid market challenges. </li></ul>

Operating revenue increased by JPY11.3bn YoY, driven by growth in core businesses and newly consolidated subsidiaries. Orico revised its FY03/25 earnings forecast downward due to weaker-than-expected subsidiary performance in Thailand and Indonesia. The company plans strategic initiatives to improve loan quality and strengthen its revenue base amid market challenges. 

Orient Corp (8585 JP): 1H FY3/25 flash update

Financial Products Group Co / Equity Bottom-Up

Financial Products Group Co Ltd provides integrated financial services and Japanese Operating Lease (JOL) arrangements, which includes the structuring, sale and management of large transportation assets such as shipping vessels, marine containers and aircraft.

<ul><li>FY09/24 revenues reached JPY107.7bn, a 51.5% YoY increase, with an achievement rate of 108.3% against forecasts.</li><li>FY09/25 forecasts include revenues of JPY123.5bn (+14.6% YoY) and net income of JPY22.0bn (+7.5% YoY).</li><li>The company plans an annual dividend of JPY130.40 per share for FY09/25, maintaining a 50% payout ratio.</li></ul>

FY09/24 revenues reached JPY107.7bn, a 51.5% YoY increase, with an achievement rate of 108.3% against forecasts.FY09/25 forecasts include revenues of JPY123.5bn (+14.6% YoY) and net income of JPY22.0bn (+7.5% YoY).The company plans an annual dividend of JPY130.40 per share for FY09/25, maintaining a 50% payout ratio.

Financial Products Group Co (7148 JP): Full-year FY09/24 flash update

Japan Investment Adviser Co / Equity Bottom-Up

Japan Investment Adviser Co.,Ltd. is a leasing company.  As an operating lease company, Japan Investment Adviser leases an airplane and marine transport container.  The Company's business also includes M&A adviser and Private equity investment, Real estate investment.

<ul><li>Revenue increased by 42.4% YoY, with the Operating Lease business contributing 89.7% of total revenue growth.</li><li>The company revised its full-year forecast, raising operating profit projections by 14.3% and lowering recurring profit by 8.3%.</li><li>For FY12/24, the company forecasts revenue of JPY28.9bn and expects a foreign exchange loss of JPY597mn.</li></ul>

Revenue increased by 42.4% YoY, with the Operating Lease business contributing 89.7% of total revenue growth.The company revised its full-year forecast, raising operating profit projections by 14.3% and lowering recurring profit by 8.3%.For FY12/24, the company forecasts revenue of JPY28.9bn and expects a foreign exchange loss of JPY597mn.

Japan Investment Adviser Co (7172 JP): Q3 FY12/24 flash update

Japan Banks
Mountains of Liquidity

Japan Weekly | A Pivotal Week Ahead

Japanese equities saw a modest gain, BOJ hints at possible rate hike, upcoming week to focus on Japan politics, corporate earnings, and US election.

Mark Chadwick

Japan CorpGovReport Details: TSE "Mgmt Conscious of Capital Cost/Stock Price" Details (Nov24)

The November Update to the TSE Name and Shame (they don't actually shame) list of Corporate Governance Disclosure on "Management Awareness of...

Travis Lundy

Orient Corp (8585 JP): 1H FY3/25 flash update

Operating revenue increased by JPY11.3bn YoY, driven by growth in core businesses and newly consolidated subsidiaries. Orico revised its FY03/25...

Shared Research

Financial Products Group Co (7148 JP): Full-year FY09/24 flash update

FY09/24 revenues reached JPY107.7bn, a 51.5% YoY increase, with an achievement rate of 108.3% against forecasts. FY09/25 forecasts include...

Shared Research

Japan Investment Adviser Co (7172 JP): Q3 FY12/24 flash update

Revenue increased by 42.4% YoY, with the Operating Lease business contributing 89.7% of total revenue growth. The company revised its full-year...

Shared Research

Japan Weekly | A Pivotal Week Ahead

​Japanese equities saw a modest gain, BOJ hints at possible rate hike, upcoming week to focus on Japan politics, corporate earnings, and US election.

Mark Chadwick

Japan CorpGovReport Details: TSE "Mgmt Conscious of Capital Cost/Stock Price" Details (Nov24)

The November Update to the TSE Name and Shame (they don't actually shame) list of Corporate Governance Disclosure on "Management Awareness of...

Travis Lundy

Orient Corp (8585 JP): 1H FY3/25 flash update

Operating revenue increased by JPY11.3bn YoY, driven by growth in core businesses and newly consolidated subsidiaries. Orico revised its FY03/25...

Shared Research

Financial Products Group Co (7148 JP): Full-year FY09/24 flash update

FY09/24 revenues reached JPY107.7bn, a 51.5% YoY increase, with an achievement rate of 108.3% against forecasts. FY09/25 forecasts include...

Shared Research

Japan Investment Adviser Co (7172 JP): Q3 FY12/24 flash update

Revenue increased by 42.4% YoY, with the Operating Lease business contributing 89.7% of total revenue growth. The company revised its full-year...

Shared Research

Japanese equities saw a modest gain, BOJ hints at possible rate hike, upcoming week to focus on Japan politics, corporate earnings, and US election.