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

TOYO TANSO CO., LTD. mainly manufactures carbon and graphite products for industrial use.  The Company's main products include isotropic graphite, carbon products for mechanical and electrical applications.

<ul><li>Q1 FY12/24 results: Revenue JPY12.6bn (+11.2% YoY), Operating profit JPY2.5bn (+19.1% YoY), Net income JPY2.4bn (+29.8% YoY).</li><li>Orders and backlog: Orders JPY12.0bn (+7.6% YoY), Order backlog JPY17.4bn (+9.1% YoY), driven by semiconductor-related applications.</li><li>FY12/24 forecast: Revenue JPY54.0bn (+9.6% YoY), Operating profit JPY10.9bn (+17.4% YoY), Capital investment JPY16.0bn (JPY5.7bn in FY12/23).</li></ul>

Q1 FY12/24 results: Revenue JPY12.6bn (+11.2% YoY), Operating profit JPY2.5bn (+19.1% YoY), Net income JPY2.4bn (+29.8% YoY).Orders and backlog: Orders JPY12.0bn (+7.6% YoY), Order backlog JPY17.4bn (+9.1% YoY), driven by semiconductor-related applications.FY12/24 forecast: Revenue JPY54.0bn (+9.6% YoY), Operating profit JPY10.9bn (+17.4% YoY), Capital investment JPY16.0bn (JPY5.7bn in FY12/23).

Toyo Tanso (5310 JP): Q1 FY12/24 report update

FP Partner Inc. offers financial services. The Company provides financial planning, insurance marketing and consulting, insurance agency, and other services. FP Partner also offers consultation site operation.

<ul><li>Revenue was JPY17.1bn (+17.6% YoY), with life insurance commission revenue at JPY16.4bn (+18.2% YoY).</li><li>Operating profit was JPY2.7bn (-0.2% YoY), with an OPM decrease of 2.8pp YoY to 15.7%.</li><li>Acquisition of 333,000 treasury shares for JPY1.0bn, with cancellation scheduled for August 30, 2024.</li></ul>

Revenue was JPY17.1bn (+17.6% YoY), with life insurance commission revenue at JPY16.4bn (+18.2% YoY).Operating profit was JPY2.7bn (-0.2% YoY), with an OPM decrease of 2.8pp YoY to 15.7%.Acquisition of 333,000 treasury shares for JPY1.0bn, with cancellation scheduled for August 30, 2024.

FP Partner (7388 JP): 1H FY11/24 flash update

TAY TWO CO., LTD. operates a used book store chain in the Chugoku, Kansai, and Kanto areas of Japan.  The Company sells mainly used books and video game software, videos, and CDs.  The Company also has a video rental business.

<ul><li>Sales were JPY8.3bn (-0.7% YoY), with secondhand goods accounting for 53.5% of total sales (-0.4pp YoY).</li><li>Operating profit was JPY111mn (-76.3% YoY), with an operating profit margin of 1.3%, down 4.3pp YoY.</li><li>As of end-May 2024, Tay Two had 168 stores, opening five Furuichi stores and two franchise stores.</li></ul>

Sales were JPY8.3bn (-0.7% YoY), with secondhand goods accounting for 53.5% of total sales (-0.4pp YoY).Operating profit was JPY111mn (-76.3% YoY), with an operating profit margin of 1.3%, down 4.3pp YoY.As of end-May 2024, Tay Two had 168 stores, opening five Furuichi stores and two franchise stores.

Tay Two Co Ltd (7610 JP): Q1 FY02/25 flash update

Neos Corporation develops middleware used in cellular phones and provides ASP services such as content delivery.  The Company designs, builds and manages internet and cellular phone websites for its clients.

<ul><li>In Q1 FY02/25, TECMIRA reported revenue of JPY2.8bn (+53.7% YoY), operating loss of JPY42mn, and net loss of JPY31mn.</li><li>Revenue growth was driven by strong sales of new Nintendo Switch software and first-time consolidation of Wellmira.</li><li>AI & Cloud segment saw significant revenue increase due to AI chatbot services, while IoT & Devices segment grew 2.6x YoY.</li></ul>

In Q1 FY02/25, TECMIRA reported revenue of JPY2.8bn (+53.7% YoY), operating loss of JPY42mn, and net loss of JPY31mn.Revenue growth was driven by strong sales of new Nintendo Switch software and first-time consolidation of Wellmira.AI & Cloud segment saw significant revenue increase due to AI chatbot services, while IoT & Devices segment grew 2.6x YoY.

Neos Corp (3627 JP): Q1 FY02/25 flash update

Enjin Co., Ltd. offers commercial services. The Company provides corporations and managers public relations supporting, medical institutions and doctors public relations supporting, platform services, and other services. Enjin provides its services throughout Japan.

<ul><li>FY05/24 revenue was JPY3.3bn, operating profit JPY1.0bn, recurring profit JPY1.1bn, and net income JPY749mn, all down YoY.</li><li>Enjin's FY05/25 forecast: revenue JPY2.7bn, operating profit JPY548mn, recurring profit JPY548mn, and net income JPY380mn, all expected to decline YoY.</li><li>Enjin revised its medium-term business plan due to HR challenges and plans to release updated targets reflecting the current environment.</li></ul>

FY05/24 revenue was JPY3.3bn, operating profit JPY1.0bn, recurring profit JPY1.1bn, and net income JPY749mn, all down YoY.Enjin's FY05/25 forecast: revenue JPY2.7bn, operating profit JPY548mn, recurring profit JPY548mn, and net income JPY380mn, all expected to decline YoY.Enjin revised its medium-term business plan due to HR challenges and plans to release updated targets reflecting the current environment.

Enjin (7370 JP): Full-year FY05/24 flash update