Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

There are seven stocks which were promoted/reassigned from TSE2, MOTHERS, and JASDAQ in November 2018 leading to the same seven stocks being included in TOPIX at the end of December. 
A couple are decently largecap. Most are smaller.
A good question to ask when looking at these stocks might be... What Really Happens Around TOPIX Inclusions?
Having traded them for much of the last 20yrs, I had my hypotheses, and had done studies over the years for my own purposes, but I had not done a study recently.  To check my personal hypotheses I tested 340+ TOPIX inclusions over the past five years. 
There are patterns to the history of trading these events which are worth a look. Some of the patterns are reasonably interesting.

There are seven stocks which were promoted/reassigned from TSE2, MOTHERS, and JASDAQ in November 2018 leading to the same seven stocks being included in TOPIX at the end of December. 
A couple are decently largecap. Most are smaller.
A good question to ask when looking at these stocks might be... What Really Happens Around TOPIX Inclusions?
Having traded them for much of the last 20yrs, I had my hypotheses, and had done studies over the years for my own purposes, but I had not done a study recently.  To check my personal hypotheses I tested 340+ TOPIX inclusions over the past five years. 
There are patterns to the history of trading these events which are worth a look. Some of the patterns are reasonably interesting.

Historical TOPIX Inclusions:  How Do They Do Around Inclusion Date?

<a href="https://www.smartkarma.com/entities/27747" target="_blank" data-smartkarma-citation="entities:27747:1">TerraSky Co Ltd (3915 JP)</a> is a MOTHERS-listed smallcap Japanese company which provides cloud integration (AWS, Heroku, Salesforce, etc), cloud consulting services, and cloud ERP services, and also develops and provides cloud-related services which are sold as "products" development tools, data linkage foundations (DataSpider cloud, SkyOnDemand, DCSpider), and Salesforce application solutions (such as SkyVisualEditor and SuPICE). The company also offers cloud-type reservation management systems, and tools for companies to integrate customer communication services over LINE.The company made a <a href="http://www2.tse.or.jp/disc/39150/140120180413410880.pdf" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://www2.tse.or.jp/disc/39150/140120180413410880.pdf&amp;source=gmail&amp;ust=1540906438530000&amp;usg=AFQjCNEGkN6X0m2miLOp7NvJZdWn64DzAg">disclosure</a> (J-only) in mid-April (not long after their 2:1 share split) that it had begun its preparations to qualify for TSE 1 listing.  At the same time, the company announced a <span id="m_4461432400595026312gmail-155" class="m_4461432400595026312gmail-gr_ m_4461432400595026312gmail-gr_155 m_4461432400595026312gmail-gr-alert m_4461432400595026312gmail-gr_spell m_4461432400595026312gmail-gr_inline_cards m_4461432400595026312gmail-gr_disable_anim_appear m_4461432400595026312gmail-ContextualSpelling">tachiaigai <span id="m_4461432400595026312gmail-154" class="m_4461432400595026312gmail-gr_ m_4461432400595026312gmail-gr_154 m_4461432400595026312gmail-gr-alert m_4461432400595026312gmail-gr_spell m_4461432400595026312gmail-gr_inline_cards m_4461432400595026312gmail-gr_disable_anim_appear m_4461432400595026312gmail-ContextualSpelling m_4461432400595026312gmail-ins-del m_4461432400595026312gmail-multiReplace">bunbai offering for 280,000 shares at a price of ¥3,340, with a maximum limit of 100 shares/investor. This was implemented in May and the company <a href="http://www2.tse.or.jp/disc/39150/140120180508428916.pdf" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://www2.tse.or.jp/disc/39150/140120180508428916.pdf&amp;source=gmail&amp;ust=1540906438530000&amp;usg=AFQjCNHK1UvRwwsfmjlMaoGpxfnpFrB8Pg">managed to sell</a> (J-only) 258,300 shares (it is unusual for tachiaigai bunbai to not sell the full amount).<div class="content-highlight">This is a small company (¥18bn market cap now) with a likely TSE1 listing and subsequent TOPIX inclusion. If this does not float your boat, look away now.</div>The company announced a tachiaigai bunbai yesterday to sell 121,400 shares to investors - 100 shares each - which was executed this morning. It was not executed that well (selling only 95,800 shares of 121,400 shares on offer), which may be causing the stock to fall further this morning.

TerraSky Co Ltd (3915 JP) is a MOTHERS-listed smallcap Japanese company which provides cloud integration (AWS, Heroku, Salesforce, etc), cloud consulting services, and cloud ERP services, and also develops and provides cloud-related services which are sold as "products" development tools, data linkage foundations (DataSpider cloud, SkyOnDemand, DCSpider), and Salesforce application solutions (such as SkyVisualEditor and SuPICE). The company also offers cloud-type reservation management systems, and tools for companies to integrate customer communication services over LINE.The company made a disclosure (J-only) in mid-April (not long after their 2:1 share split) that it had begun its preparations to qualify for TSE 1 listing.  At the same time, the company announced a tachiaigai bunbai offering for 280,000 shares at a price of ¥3,340, with a maximum limit of 100 shares/investor. This was implemented in May and the company managed to sell (J-only) 258,300 shares (it is unusual for tachiaigai bunbai to not sell the full amount).This is a small company (¥18bn market cap now) with a likely TSE1 listing and subsequent TOPIX inclusion. If this does not float your boat, look away now.The company announced a tachiaigai bunbai yesterday to sell 121,400 shares to investors - 100 shares each - which was executed this morning. It was not executed that well (selling only 95,800 shares of 121,400 shares on offer), which may be causing the stock to fall further this morning. 

TerraSky (3915 JP) - Tachiaigai Bunbai Likely Leads to TOPIX Inclusion

Japan

TerraSky Co. Ltd. provides IT solution on cloud sourcing platform and develops various application sofware on cloud. The Company develops and offers enterprise resource planning software, sales force systems, data management software, and o ther cloud systems.

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TerraSky Co Ltd (3915 JP)

Historical TOPIX Inclusions: How Do They Do Around Inclusion Date?

There are seven stocks which were promoted/reassigned from TSE2, MOTHERS, and JASDAQ in November 2018 leading to the same seven stocks being...

Travis Lundy

TerraSky (3915 JP) - Tachiaigai Bunbai Likely Leads to TOPIX Inclusion

TerraSky Co Ltd (3915 JP) is a MOTHERS-listed smallcap Japanese company which provides cloud integration (AWS, Heroku, Salesforce, etc), cloud...

Travis Lundy

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