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

Sanbio Co Ltd researches, develops, manufactures, and sells regenerative cell re lated pharmaceutical products.

<ul><li>SanBio reported no operating revenue for FY01/25, with an operating loss of JPY3.5bn, narrowing from JPY4.5bn.</li><li>Non-operating income was JPY628mn, primarily from foreign-exchange gains, while non-operating expenses totaled JPY134mn.</li><li>The company expects no operating revenue for FY01/26, forecasting operating expenses of JPY3.5bn, focusing on AKUUGO® approval.</li></ul>

SanBio reported no operating revenue for FY01/25, with an operating loss of JPY3.5bn, narrowing from JPY4.5bn.Non-operating income was JPY628mn, primarily from foreign-exchange gains, while non-operating expenses totaled JPY134mn.The company expects no operating revenue for FY01/26, forecasting operating expenses of JPY3.5bn, focusing on AKUUGO® approval.

SanBio Co Ltd (4592 JP): Full-year FY01/25 flash update

Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Koukandekirukun, Inc. offers housing equipment sales and replacement services online. The Company provides water heaters, toilets, stoves, faucets, bathroom dryers, ventilation fans, and other products. Koukandekirukun provides its services throughout Japan.

<ul><li>Striving to dominate a new market – Koukandekirukun is an innovative online platform offering home appliance and sanitaryware replacement services.</li><li>With an early-mover advantage, it aims to transform the ¥2.8tn residential equipment replacement market, where just 2% of orders are handled online.</li><li>Efficiencies gained from its comprehensive online quote service help undercut traditional rivals by about a third and generate data to continuously improve SEO, driving traffic to its site. </li></ul>

Striving to dominate a new market – Koukandekirukun is an innovative online platform offering home appliance and sanitaryware replacement services.With an early-mover advantage, it aims to transform the ¥2.8tn residential equipment replacement market, where just 2% of orders are handled online.Efficiencies gained from its comprehensive online quote service help undercut traditional rivals by about a third and generate data to continuously improve SEO, driving traffic to its site. 

Koukandekirukun (7695 JP) - Digital Revolution in Appliance Replacement Services

MacbeePlanet,Inc. provides marketing data analysis services. The Company offers consumer inflow paths and behavior patterns data analysis, consumer behavior machine learning, and analytics consulting services. MacbeePlanet serves clients across Japan.

<ul><li>Emphasizing sales volume expansion – Q1-3 FY4/25 results indicated strong sales volume growth at 32.2% YoY, as the company continued diversifying into market sectors such as medical, recruitment and finance.</li><li>Although prioritizing growth has meant a shift in the customer mix away from traditionally high margin brick-and-mortar in-store experiences, we believe this strategic shift is positive given their larger addressable markets.</li><li>The company revised its FY4/25 guidance, providing greater clarity over the short term, and highlighted its medium-term expectations for sustained double-digit growth.</li></ul>

Emphasizing sales volume expansion – Q1-3 FY4/25 results indicated strong sales volume growth at 32.2% YoY, as the company continued diversifying into market sectors such as medical, recruitment and finance.Although prioritizing growth has meant a shift in the customer mix away from traditionally high margin brick-and-mortar in-store experiences, we believe this strategic shift is positive given their larger addressable markets.The company revised its FY4/25 guidance, providing greater clarity over the short term, and highlighted its medium-term expectations for sustained double-digit growth.

Macbee Planet (7095 JP) - Focus on Volume-First Growth Strategy

Poletowin Pitcrew Holdings / Equity Bottom-Up

Poletowin Pitcrew Holdings,Inc. provides software and hardware debug and testing services for video games, mobile phone contents, and PC games. The company also offers Internet security and localization services.

<ul><li>Revenue grew 11.8% YoY to JPY52.2bn, driven by Overseas Solutions orders and yen depreciation, despite extraordinary losses.</li><li>Operating profit increased 76.4% YoY to JPY787mn, impacted by business liquidation expenses and additional co-development costs.</li><li>FY01/26 forecasts sales of JPY55.1bn, operating profit of JPY1.2bn, and net income of JPY310mn, with a JPY16.00 dividend.</li></ul>

Revenue grew 11.8% YoY to JPY52.2bn, driven by Overseas Solutions orders and yen depreciation, despite extraordinary losses.Operating profit increased 76.4% YoY to JPY787mn, impacted by business liquidation expenses and additional co-development costs.FY01/26 forecasts sales of JPY55.1bn, operating profit of JPY1.2bn, and net income of JPY310mn, with a JPY16.00 dividend.

Poletowin Pitcrew Holdings (3657 JP): Full-year FY01/25 flash update

FreeBit Co., Ltd. provides Internet connectivity outsourcing services for Internet service providers.  The Company also offers ubiquitous networking environment.  FreeBit provides consulting services for Internet related businesses as well.

<ul><li>Cumulative Q3 FY04/25 revenue, operating, and recurring profit increased 1.4%, 0.4%, and 1.0% YoY, respectively; net income declined 11.9%.</li><li>Revenue grew 5.6% YoY, but operating profit declined 25.7% YoY due to communication equipment and human resource costs.</li><li>Revenue declined 3.7% YoY, operating profit rose 7.0% YoY; excluding fiscal change, revenue and profit increased 5.5% and 27.3%.</li></ul>

Cumulative Q3 FY04/25 revenue, operating, and recurring profit increased 1.4%, 0.4%, and 1.0% YoY, respectively; net income declined 11.9%.Revenue grew 5.6% YoY, but operating profit declined 25.7% YoY due to communication equipment and human resource costs.Revenue declined 3.7% YoY, operating profit rose 7.0% YoY; excluding fiscal change, revenue and profit increased 5.5% and 27.3%.

Freebit Co Ltd (3843 JP): Q3 FY04/25 flash update

Japan Small Cap Growth
Undercovered Japanese Gems

SanBio Co Ltd (4592 JP): Full-year FY01/25 flash update

SanBio reported no operating revenue for FY01/25, with an operating loss of JPY3.5bn, narrowing from JPY4.5bn. Non-operating income was JPY628mn,...

Shared Research

Koukandekirukun (7695 JP) - Digital Revolution in Appliance Replacement Services

Striving to dominate a new market – Koukandekirukun is an innovative online platform offering home appliance and sanitaryware replacement services.

Astris Advisory Japan

Macbee Planet (7095 JP) - Focus on Volume-First Growth Strategy

The company revised its FY4/25 guidance, providing greater clarity over the short term, and highlighted its medium-term expectations for sustained...

Astris Advisory Japan

Poletowin Pitcrew Holdings (3657 JP): Full-year FY01/25 flash update

Revenue grew 11.8% YoY to JPY52.2bn, driven by Overseas Solutions orders and yen depreciation, despite extraordinary losses. Operating profit...

Shared Research

Freebit Co Ltd (3843 JP): Q3 FY04/25 flash update

Cumulative Q3 FY04/25 revenue, operating, and recurring profit increased 1.4%, 0.4%, and 1.0% YoY, respectively; net income declined...

Shared Research