IR & Research Intelligence, Sessa Investment Research

Sessa Investment Research

IR & Research Intelligence

Sponsored research focusing on Japanese small cap.

Equity Bottom-Up

<ul><li>1H Results: On April 12, 2024, Paycloud Holdings Inc. announced its 2Q FY2024/8 earnings, its first earnings announcement since becoming a holding company and changing its name on March 1, 2024.</li><li>In 1H FY2024/8, the company reported net sales of ¥1,990 mn, adjusted EBITDA of ¥226 mn, and operating profit of ¥86 mn. It had an irregular 5-month accounting period in 1Q FY2023/8 that included the July-August 2022 earnings following a change in the accounting period of the former Valuedesign Inc., which was merged with the company.</li><li>As a result, the company's earnings summary for 1H FY2024/8 show sales being down 12% YoY, adjusted EBITDA up 2% YoY, and operating profit up 237% YoY.</li></ul>

1H Results: On April 12, 2024, Paycloud Holdings Inc. announced its 2Q FY2024/8 earnings, its first earnings announcement since becoming a holding company and changing its name on March 1, 2024.In 1H FY2024/8, the company reported net sales of ¥1,990 mn, adjusted EBITDA of ¥226 mn, and operating profit of ¥86 mn. It had an irregular 5-month accounting period in 1Q FY2023/8 that included the July-August 2022 earnings following a change in the accounting period of the former Valuedesign Inc., which was merged with the company.As a result, the company's earnings summary for 1H FY2024/8 show sales being down 12% YoY, adjusted EBITDA up 2% YoY, and operating profit up 237% YoY.

<ul><li>Overview: arara primarily serves retailers such as supermarkets and restaurant chains, offering Dokuji Pay (branded currency payment + marketing) and high-speed e-mail delivery software as a service.</li><li>With its Dokuji Pay service, where clients are the issuers, the company has a certain level of distinction from its competitors in this niche field, and is solidifying its market position.</li><li>Starting in March 2024, the company plans to integrate its digital signage- related business as well, aiming to quickly accelerate its retail marketing platform strategy to help retail stores strengthen their connection with consumers both inside and outside their stores. </li></ul>

Overview: arara primarily serves retailers such as supermarkets and restaurant chains, offering Dokuji Pay (branded currency payment + marketing) and high-speed e-mail delivery software as a service.With its Dokuji Pay service, where clients are the issuers, the company has a certain level of distinction from its competitors in this niche field, and is solidifying its market position.Starting in March 2024, the company plans to integrate its digital signage- related business as well, aiming to quickly accelerate its retail marketing platform strategy to help retail stores strengthen their connection with consumers both inside and outside their stores. 

Japan

CAREER DESIGN CENTER CO.,LTD. provides recruitment information through magazines and Internet web site "@type."  The Company also provides job matching services for job seekers.

Wesco Holdings Inc. is a holding company established by equity transfer of Wesco Inc. The Company's main business is civil engineering consulting services including designing and land and geological surveys.

GiG Works Inc. provides a variety of information technology services for individuals and corporations.  The Company's services include computer tutoring, seminars, consulting, system support, and network maintenance.

BESTERRA CO., LIMITED provides demolition services for iron manufacturers,  utility and oil plants. This company also provides staffing and measuring  services.

Abist Co.,Ltd. designs and develops machinery and machine parts. The Company also provides IT outsourcing services engaged in design and development of software.

TSUNAGU SOLUTIONS Inc. offers professional services. The Company provides recruitment support, corporate event outsourcing, job lead media operation, recruitment, and training for franchisee employees.

Prored Partners Co., Ltd. offers management consulting services. The Company offers strategic planning, energy cost management, sourcing, and other related services. Prored Partners serves customers in Japan.

Gexeed Co., Ltd. develops accounting and taxation software and system. The Company provides consulting services to introduce its system to other companies.

ERI Holdings Co., Ltd. is a holding company established through equity transfer of Japan ERI. Its subsidiaries engage in Evaluation, Rating and Inspection of buildings. Their services include inspection of buildings under Building Standards Law and performance evaluation of houses under Housing Quality Assurance Law.

PA Co., Ltd. provides recruitment services through magazines and via the Internet.  The Company also delivers information about various kinds of certifying examination programs for computer and business.

Orbitech Co., Ltd. provides a variety of testing services. The Company's products includenondestructive engineering testing services, water and soil quality testing services, and radiation monitoring services.

Heerim Architects & Planners designs and inspects buildings, residential houses and infrastructure such as highways, airports, and bridges.  The Company also provides geological surveys and environmental assessment.

Countplus Ltd. offers accounting and other services.  Through subsidiaries, the Company offers accounting, financial planning, lending, legal, tax, corporate advisory, and payroll management services.  Countplus franchises some of its locations.

HiTech Group Australia Limited provides recruitment and consulting services on a contract and permanent basis to the IT and telecommunications industries of Australia.  The Company provides recruitment for executive management, PC support, e-commerce, IT specialists, technical writing and various positions in the IT & T industry.

Nice D&B Co., Ltd. provides global business information report services. The Compay's services also incudes supplier management solution, risk management solution, and credit risk management system.

Staffline Group PLC provides recruitment and outsourced human resource services. The Company specializes in supplying temporary and blue collar industrial workers, and temporary and permanent placement in the engineering and consumer goods sectors.

China Index Holdings Limited is a holding company, which through its subsidiaries develops an online real estate information platform. The company is based in Beijing, China. China Index Holdings Limited operates as a subsidiary of Fang Holdings Limited.

Kingsmen Creatives Limited specialize in the design and production of exhibits for exhibitions, museums, visitor centers, events, promotional functions and festivities.  The Company also designs and produces interiors for retail stores, eateries, corporate offices, showrooms, and other commercial interiors.

DT&C.Co.,Ltd provides certifications from FCC, CE, TELEC, C-Tick through their testing sites.  The Company provides services various industries from automobile parts to medical devices.

Matchtech Group plc, a human capital resources business, provides contract and permanent recruitment in the private and public sectors in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through three segments: Engineering, Professional Services, and Networkers. The company offers recruitment services in the automotive, aerospace, maritime, infrastructure, energy, telecommunications, IT, procurement and supply chain, finance and accountancy, sales and marketing, and HR sectors. Matchtech Group plc was founded in 1984 and is based in Fareham, the United Kingdom.

Paycloud Holdings Inc. offers technology services. The Company provides customer relationship management services, high speed email delivery solutions management, data security solutions development, arappli services, quick response code development, and other services. Paycloud Holdings provides its services throughout Japan.

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

Paycloud Holdings (4015 JP)