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

Japan Investment Adviser Co / Equity Bottom-Up

<ul><li>FY12/24 revenue increased 42.7% YoY, with operating profit up 120.5% and recurring profit up 217.2%.</li><li>Operating Lease business revenue rose 47.5% YoY, contributing 90.8% of total revenue, with equity sales at JPY113.1bn.</li><li>FY12/25 forecast includes revenue of JPY36.9bn, operating profit of JPY18.1bn, and a 50% dividend payout ratio.</li></ul>

FY12/24 revenue increased 42.7% YoY, with operating profit up 120.5% and recurring profit up 217.2%.Operating Lease business revenue rose 47.5% YoY, contributing 90.8% of total revenue, with equity sales at JPY113.1bn.FY12/25 forecast includes revenue of JPY36.9bn, operating profit of JPY18.1bn, and a 50% dividend payout ratio.

Japan Investment Adviser Co (7172 JP): Full-year FY12/24 flash update

<ul><li>Revenue increased by 42.4% YoY, with the Operating Lease business contributing 89.7% of total revenue growth.</li><li>The company revised its full-year forecast, raising operating profit projections by 14.3% and lowering recurring profit by 8.3%.</li><li>For FY12/24, the company forecasts revenue of JPY28.9bn and expects a foreign exchange loss of JPY597mn.</li></ul>

Revenue increased by 42.4% YoY, with the Operating Lease business contributing 89.7% of total revenue growth.The company revised its full-year forecast, raising operating profit projections by 14.3% and lowering recurring profit by 8.3%.For FY12/24, the company forecasts revenue of JPY28.9bn and expects a foreign exchange loss of JPY597mn.

Japan Investment Adviser Co (7172 JP): Q3 FY12/24 flash update

<ul><li>Revenue increased 67.5% YoY to JPY15.0bn, operating profit rose 92.8% YoY to JPY6.2bn.</li><li>Operating Lease business revenue grew 64.4% YoY, with equity sales reaching JPY61.4bn, up 82.9% YoY.</li><li>Foreign exchange gain of JPY2.2bn recorded, contributing to increased recurring profit and net income in 1H.</li></ul>

Revenue increased 67.5% YoY to JPY15.0bn, operating profit rose 92.8% YoY to JPY6.2bn.Operating Lease business revenue grew 64.4% YoY, with equity sales reaching JPY61.4bn, up 82.9% YoY.Foreign exchange gain of JPY2.2bn recorded, contributing to increased recurring profit and net income in 1H.

Japan Investment Adviser Co (7172 JP): 1H FY12/24 flash 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

<p>With the Section Transfer Requirements to move to TSE1 becoming more stringent, some small-cap candidates have been rushing to enter TSE1 so that they can avoid having to face the new regulations under which they may struggle to qualify. This trend has resulted in a "<em>flurry</em>" of TOPIX Inclusion Trades in the month of December 2020 as <a href="https://www.smartkarma.com/profiles/travis-lundy" target="_blank" data-smartkarma-citation="accounts:25" rel="noopener">Travis Lundy</a> predicted in <a href="https://www.smartkarma.com/insights/the-tse-s-listing-criteria-revisions-part-i" target="_blank" data-smartkarma-citation="insights:43150" rel="noopener">The TSE's Listing Criteria Revisions - Part I</a>.</p>
<blockquote>
<p>For index inclusion and event traders taking advantage of a large number of interesting trades, the number will suddenly go waaaay down. This means <a href="https://www.smartkarma.com/profiles/janaghan-jeyakumar-cfa" target="_blank" data-smartkarma-citation="accounts:3173" rel="noopener">Janaghan Jeyakumar, CFA</a> likely has a flurry of interesting trade ideas to read about in the next few months, but after about March next year, things will drop off in a hurry.</p>
</blockquote>
<p>In this insight, I have provided performance updates for 11 "Live" event stocks which are expected to have Inclusion Events at the end of January 2021 and 6 "Post" event stocks that completed their Inclusion Events at the end of November 2020 and December 2020. Furthermore, I have also highlighted some interesting Pre-event situations involving stocks that are likely to become TSE1-promotion candidates in the near future. </p>

With the Section Transfer Requirements to move to TSE1 becoming more stringent, some small-cap candidates have been rushing to enter TSE1 so that they can avoid having to face the new regulations under which they may struggle to qualify. This trend has resulted in a "flurry" of TOPIX Inclusion Trades in the month of December 2020 as Travis Lundy predicted in The TSE's Listing Criteria Revisions - Part I.

For index inclusion and event traders taking advantage of a large number of interesting trades, the number will suddenly go waaaay down. This means Janaghan Jeyakumar, CFA likely has a flurry of interesting trade ideas to read about in the next few months, but after about March next year, things will drop off in a hurry.

In this insight, I have provided performance updates for 11 "Live" event stocks which are expected to have Inclusion Events at the end of January 2021 and 6 "Post" event stocks that completed their Inclusion Events at the end of November 2020 and December 2020. Furthermore, I have also highlighted some interesting Pre-event situations involving stocks that are likely to become TSE1-promotion candidates in the near future. 

Quantitative Analysis

<div>
<p>When Japanese small-cap stocks listed on JASDAQ, MOTHERS, and the Second Section of the Tokyo Stock Exchange aim at the big leagues and apply for reassignment to the First Section of the Tokyo Stock Exchange and are accepted, it causes significant events to occur. This triggers inclusion into the TOPIX Index which means passive funds tracking TOPIX need to buy on an inclusion event. This opens up several interesting trading opportunities for investors. </p>
</div>
<div>
<p>In this insight, I have provided performance updates for 7 "Live" event stocks which are expected to have Inclusion Events at the end of December 2020 or January 2021 and 8 "Post" event stocks that completed their Inclusion Events at the end of October 2020 and November 2020. Furthermore, I have also highlighted some interesting Pre-event situations involving stocks that are likely to become TSE1-promotion candidates in the near future. </p>
</div>


When Japanese small-cap stocks listed on JASDAQ, MOTHERS, and the Second Section of the Tokyo Stock Exchange aim at the big leagues and apply for reassignment to the First Section of the Tokyo Stock Exchange and are accepted, it causes significant events to occur. This triggers inclusion into the TOPIX Index which means passive funds tracking TOPIX need to buy on an inclusion event. This opens up several interesting trading opportunities for investors. 


In this insight, I have provided performance updates for 7 "Live" event stocks which are expected to have Inclusion Events at the end of December 2020 or January 2021 and 8 "Post" event stocks that completed their Inclusion Events at the end of October 2020 and November 2020. Furthermore, I have also highlighted some interesting Pre-event situations involving stocks that are likely to become TSE1-promotion candidates in the near future. 


Japan

Japan Investment Adviser Co.,Ltd. is a leasing company.  As an operating lease company, Japan Investment Adviser leases an airplane and marine transport container.  The Company's business also includes M&A adviser and Private equity investment, Real estate investment.

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Japan Investment Adviser Co (7172 JP)