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

<ul><li>1H FY03/24 sales increased 13.0% YoY, driven by large-scale projects, with operating profit rising 513.8% YoY.</li><li>FY03/25 forecast anticipates JPY460.0bn sales (+9.0% YoY) but decreased operating profit and net income YoY.</li><li>Segment forecasts revised: Public Solutions sales up 43.7% YoY, EMS sales down 2.6% YoY, exchange rates adjusted.</li></ul>

1H FY03/24 sales increased 13.0% YoY, driven by large-scale projects, with operating profit rising 513.8% YoY.FY03/25 forecast anticipates JPY460.0bn sales (+9.0% YoY) but decreased operating profit and net income YoY.Segment forecasts revised: Public Solutions sales up 43.7% YoY, EMS sales down 2.6% YoY, exchange rates adjusted.

Oki Electric Industry (6703 JP): 1H FY03/25 flash update

<ul><li>Q1 sales increased 20.1% YoY to JPY97.9bn, with operating profit at JPY3.9bn and net income at JPY1.8bn.</li><li>Q1 segment sales surged 65.2% YoY, driven by large-scale projects, with segment profit expanding approximately 4.1x YoY.</li><li>Q1 segment sales declined 11.8% YoY due to shrinking semiconductor demand, resulting in a loss for the quarter.</li></ul>

Q1 sales increased 20.1% YoY to JPY97.9bn, with operating profit at JPY3.9bn and net income at JPY1.8bn.Q1 segment sales surged 65.2% YoY, driven by large-scale projects, with segment profit expanding approximately 4.1x YoY.Q1 segment sales declined 11.8% YoY due to shrinking semiconductor demand, resulting in a loss for the quarter.

Oki Electric Industry (6703 JP): Q1 FY03/25 flash update

<ul>
<li>Founded in 1881, Oki Electric Industry Co., Ltd. manufactures electrical and communications equipment, ICT equipment, and systems that utilize these products.</li>
<li>In FY03/24, OKI reported full-year consolidated sales of JPY421.9bn, operating profit of JPY18.7bn, recurring profit of JPY18.3bn, and net income of JPY25.6bn.</li>
<li>OKI Electric Industry Co., Ltd. announced that it expects to record income taxes–deferred in its consolidated and non-consolidated financial results for FY03/24.</li>
</ul>


Founded in 1881, Oki Electric Industry Co., Ltd. manufactures electrical and communications equipment, ICT equipment, and systems that utilize these products.
In FY03/24, OKI reported full-year consolidated sales of JPY421.9bn, operating profit of JPY18.7bn, recurring profit of JPY18.3bn, and net income of JPY25.6bn.
OKI Electric Industry Co., Ltd. announced that it expects to record income taxes–deferred in its consolidated and non-consolidated financial results for FY03/24.


Oki Electric Industry (6703): Full-Year FY03/24 Update

Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<ul>
<li>Quiddity's "Who is Ready" series of insights aims to objectively identify names listed on the Tokyo Stock Exchange that are potential additions to the TOPIX Index in future.</li>
<li>In this insight, I have defined six key Segment Transfer requirements which prove to be decisive in this process.</li>
<li>At present, there are 51 names that satisfy all of these conditions and there are more names that are close to being that group.</li>
</ul>


Quiddity's "Who is Ready" series of insights aims to objectively identify names listed on the Tokyo Stock Exchange that are potential additions to the TOPIX Index in future.
In this insight, I have defined six key Segment Transfer requirements which prove to be decisive in this process.
At present, there are 51 names that satisfy all of these conditions and there are more names that are close to being that group.


TOPIX Inclusions: Who Is Ready (Aug 2022)

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

<ul>
<li>Overnight, <a href="https://www.smartkarma.com/entities/hulic-co-ltd" target="_blank" data-smartkarma-citation="entities:388:1" rel="noopener">Hulic Co Ltd (3003 JP)</a> announced a placement of 85.37m shares to unwind crossholdings and improve corporate value. There is an overallotment option for another 12.8m shares.</li>
<li>There will be limited passive buying in the short-term and the number of shares offered is a very large percentage of real float of the stock.</li>
<li>A price drop of 20% or more puts <a href="https://www.smartkarma.com/entities/hulic-co-ltd" target="_blank" data-smartkarma-citation="entities:388:1" rel="noopener">Hulic Co Ltd (3003 JP)</a> at risk of deletion from a global index and could lead to a further price drop.</li>
</ul>


Overnight, Hulic Co Ltd (3003 JP) announced a placement of 85.37m shares to unwind crossholdings and improve corporate value. There is an overallotment option for another 12.8m shares.
There will be limited passive buying in the short-term and the number of shares offered is a very large percentage of real float of the stock.
A price drop of 20% or more puts Hulic Co Ltd (3003 JP) at risk of deletion from a global index and could lead to a further price drop.


Hulic Co (3003 JP) Placement: One Big Price Drop Could Lead to Another

Japan

Oki Electric Industry Company, Limited, develops, produces, and sells a broad range of communication and information related equipment.  The Company's products include personal computers (PCs), PC peripheral equipment, and electronic devices such as semiconductors and automated teller machines (ATMs). Oki Electric Industry also provides installation and maintenance services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Oki Electric Industry (6703 JP)