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>After market close on Friday, Japan-based UI/UX software solutions company <a href="https://www.smartkarma.com/entities/artspark-holdings-inc" target="_blank" data-smartkarma-citation="entities:20774:1" rel="noopener">Artspark Holdings (3663 JP)</a> announced (<a href="https://www.artspark.co.jp/files/user/view/pdf/news/2022/ARTSPARK_IR_2022_08_19_01.pdf" target="_blank" rel="noopener">link</a>) they will be working towards a Segment transfer from Standard market to Prime market.</li>
<li>If a TSE-listed name moves from the Standard Market to the Prime Market, a TOPIX Inclusion event will be triggered.</li>
<li>In this insight, we take a look at the ability of <a href="https://www.smartkarma.com/entities/artspark-holdings-inc" target="_blank" data-smartkarma-citation="entities:20774:1" rel="noopener">Artspark Holdings (3663 JP)</a> to meet the Prime Market Segment Transfer Requirements and the TOPIX Inclusion Implications.</li>
</ul>


After market close on Friday, Japan-based UI/UX software solutions company Artspark Holdings (3663 JP) announced (link) they will be working towards a Segment transfer from Standard market to Prime market.
If a TSE-listed name moves from the Standard Market to the Prime Market, a TOPIX Inclusion event will be triggered.
In this insight, we take a look at the ability of Artspark Holdings (3663 JP) to meet the Prime Market Segment Transfer Requirements and the TOPIX Inclusion Implications.


TOPIX Inclusions Pre-Event: Artspark Holdings (3663 JP)

Japan

Computer Institute of Japan, Ltd. develops a variety of software for operating systems, applications, network, engineering, and development support tools.  The Company also develops packaged software.  Computer Institute of Japan also analyzes clients' systems and develops, manages, and maintains systems such as network, database, and Internet.

CORE CORPORATION develops software for microcomputers with embedded systems, Internet related systems, and engineering systems.  The Company also provides information systems for Internet, financial, manufacturing, distribution companies as well as public services.

INTELLIGENT WAVE INC. develops computer software and provides consulting services for networking.  The Company also imports, exports, and sells computer equipment.  Intelligent Wave provides the online network of credit and debit cards, the network system of security trading, and the total system of consumer finance.

SOURCENEXT CORPORATION produces and sells utility software and software products for training purposes.  The Company also designs and distributes hardware and peripheral devices.

TOHO SYSTEM SCIENCE CO., LTD. is a system software development company.  The Company designs, develops, and supports system integration software and also provides data processing and system operation services.

eBASE Co., Ltd. develops and sells packaged software which manages product information on digital contents.  The Company also provides maintenance and support services to users.

NEOJAPAN Inc. develops and provides Internet application software, which includes  a web-based groupware for information sharing within a company. The Company mainly provides package software, application service and system integration.

SOLITON SYSTEMS K.K. builds and manages broadband VOD (Video on Demand) systems for residence and hotels.  The Company also sells security related software. Soliton Systems sets up and manages network systems for companies and sells embedded systems as well.

Cybernet Systems Co., Ltd. provides CAE (Computer Aided Engineering) software for computation/visualization, structural analysis, optical design, electronic design automation, acoustic analysis, and fluid dynamics analysis.  The Company also provides network related software.  Cybernet Systems provides support, training, seminars, and consulting services.

JASTEC Co., Ltd. is an independent computer software development company.  The Company mainly develops business application software for such industries as manufacturing, financial, retail, and service.  The Company also develops packaged software.

Softstar Entertainment Inc. develops and markets computer game software. The Company's games are available on home video game platforms and personal computers.

E-Tron Co., Ltd. provides software solution for multimedia mobile and wireless internet service.  The Company's product includes embedded graphic user interface, messeging flatform, and wireless digital contents.

AEWIN Technologies Co., Ltd. is mainly engaged in the manufacture and sale of network security platforms, customized control panels, single board computers, embedded computing boards and industrial computer boards.

Financial Technologies (India) Ltd. offers financial services.  The Company creates financial markets for commodities, equities, currencies and bonds in emerging markets in Asia, Africa and the Middle East.

Netcall plc designs, develops, sells, and markets communications, workforce management, and business process management software and services to the healthcare, public, and private sectors in the United Kingdom and internationally. It offers multichannel contact center solutions, including response management, IVR and speech recognition, call back and queue management, unified agent desktop, wallboard reporting, streamlined and integrated workflows and systems, and automated and personalized bi-directional process driven communication and alerts. The company also provides workforce optimization solutions, such as workforce management, quality management, agent evaluation, screen and voice recording, customer survey, and speech analytics, as well as resource management services; and customer and patient self-services through assisted channels comprising email, Web forms, two way SMS, live chat, Web chat, social chat, call back, and social media. In addition, it offers case, records, and document management; patient appointment management cycle; and interactive voice response payment solutions, as well as front desk operator services. Further, the company provides professional, deployment, and support services. Netcall plc was incorporated in 1984 and is based in Hemel Hempstead, the United Kingdom.

OMG plc, through its subsidiaries, provides hardware and software products in the United Kingdom, Europe, North America, the Asia Pacific, and internationally. The company develops, produces, and sells computer software and equipment for the engineering, entertainment, and life science markets. It also provides services for the management of infrastructure, highway surveying, and associated software development; and develops and sells software and hardware solutions for the consumer electronics market. In addition, the company offers sales, marketing, and customer support services; and software products and services for aerial platforms. OMG plc was founded in 1984 and is based in Oxford, the United Kingdom.

Avaya Holdings Corp. operates as a holding company. The Company, through its subsidiaries, Avaya, Inc. provides business collaboration and communications software solutions. The Company offers unified communications, contact centers, real-time video, and collaboration services. Avaya serves clients worldwide.

Chanjet Information Technology Company Limited is a provider of enterprise software and services designed for micro and small scale enterprises in The People's Republic of China.

Chanjet Information Technology Company Limited H (1588 HK)

Chanjet Information Technology Company Limited H

Userjoy Technology Co Ltd develops a wide range of gaming software for personal computers. The Company's games include role-playing, strategy, simulation, and puzzle titles.

X-Legend Entertainment Co Ltd provides and markets internet online games software.

CELSYS, Inc. provides application software and digital services. The Company operates creators support business, digital books support business and planning of middleware and contents services. CELSYS also offers painting and drawing app services.

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CELSYS (3663 JP)

TOPIX Inclusions Pre-Event: Artspark Holdings (3663 JP)

A potential TOPIX Inclusion Event seems likely in mid-2023. The expected volume impact of this event seems to be attractive too. However, there...

Janaghan Jeyakumar, CFA

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