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>Revenue reached JPY13.0bn, a 15.2% YoY increase, with operating profit at JPY288mn, reversing previous losses.</li><li>The company revised its FY12/24 forecast to JPY17.8bn revenue and JPY450mn operating profit, citing cost reductions.</li><li>Cloud services revenue grew 51.5% YoY, driven by customer transition from packaged software to ".c Series" cloud software.</li></ul>

Revenue reached JPY13.0bn, a 15.2% YoY increase, with operating profit at JPY288mn, reversing previous losses.The company revised its FY12/24 forecast to JPY17.8bn revenue and JPY450mn operating profit, citing cost reductions.Cloud services revenue grew 51.5% YoY, driven by customer transition from packaged software to ".c Series" cloud software.

Broadleaf (3673 JP): Q3 FY03/24 flash update

<ul><li>Revenue for 1H FY12/24 was JPY8.4bn, with an operating loss of JPY44mn and pre-tax profit of JPY16mn.</li><li>Cloud services revenue increased 63.4% YoY, while packaged systems revenue decreased 6.2% YoY.</li><li>Full-year FY12/24 earnings forecast revised: pre-tax profit to JPY100mn and profit attributable to owners of the parent to JPY90mn.</li></ul>

Revenue for 1H FY12/24 was JPY8.4bn, with an operating loss of JPY44mn and pre-tax profit of JPY16mn.Cloud services revenue increased 63.4% YoY, while packaged systems revenue decreased 6.2% YoY.Full-year FY12/24 earnings forecast revised: pre-tax profit to JPY100mn and profit attributable to owners of the parent to JPY90mn.

Broadleaf (3673 JP): 1H FY12/24 flash update

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Our outlook remains neutral for global ex-U.S. markets while horizontal consolidation continues on the MSCI ACWI ex-U.S. index.  In today’s report we take a bottoms-up view on developed ex-U.S. equities, highlighting stocks that present attractive buy opportunities within the Communications, Health Care, Manufacturing, Materials, Technology, Transportation, and Utilities Sectors

Our outlook remains neutral for global ex-U.S. markets while horizontal consolidation continues on the MSCI ACWI ex-U.S. index.  In today’s report we take a bottoms-up view on developed ex-U.S. equities, highlighting stocks that present attractive buy opportunities within the Communications, Health Care, Manufacturing, Materials, Technology, Transportation, and Utilities Sectors

Bottoms-Up View on Developed Markets: Actionable Stocks, Part 2

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Capital Markets

On February 13th, TSE2-listed smallcap (JPY 16.7bn market cap) accounting/planning/management software purveyor (software named DivaSystem) <a href="https://www.smartkarma.com/entities/12653" target="_blank" data-smartkarma-citation="entities:12653:1">Avant Corp (3836 JP)</a> announced its <a href="https://www.avantcorp.com/news/wp-content/uploads/2018/02/20180213.pdf" target="_blank">Q2 earnings</a>, a <a href="https://www.avantcorp.com/news/wp-content/uploads/2018/02/20180213-1.pdf" target="_blank">reassignment</a> from the TSE2 to the TSE1, and an <a href="https://www.avantcorp.com/news/wp-content/uploads/2018/02/20180213-2.pdf" target="_blank">Offering</a>.The Secondary Offering of 1.956mm shares is a selldown of about one-quarter of CEO Morikawa's shareholdings and what appears to be the majority of the position held by Wada Shigefumi. The greenshoe of 293k shares brings the total deal to 2.25mm shares…

On February 13th, TSE2-listed smallcap (JPY 16.7bn market cap) accounting/planning/management software purveyor (software named DivaSystem) Avant Corp (3836 JP) announced its Q2 earnings, a reassignment from the TSE2 to the TSE1, and an Offering.The Secondary Offering of 1.956mm shares is a selldown of about one-quarter of CEO Morikawa's shareholdings and what appears to be the majority of the position held by Wada Shigefumi. The greenshoe of 293k shares brings the total deal to 2.25mm shares…

Japan

Broadleaf Co., Ltd. provides a variety of IT services including business software development, sales as well as technical support. The company's productivity software targets automobile, mobile phone retail stores, and travel agencies.

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Broadleaf (3673 JP)