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 for 1H FY12/24 was JPY8.7bn, down 7.9% YoY, achieving 42.5% of the full-year forecast.</li><li>Gross profit for the Recurring business grew 18.4% YoY, while Spot business revenue and gross profit declined over 50% YoY.</li><li>Operating profit decreased 14.8% YoY to JPY1.5bn, achieving 29.7% of the full-year forecast.</li></ul>

Revenue for 1H FY12/24 was JPY8.7bn, down 7.9% YoY, achieving 42.5% of the full-year forecast.Gross profit for the Recurring business grew 18.4% YoY, while Spot business revenue and gross profit declined over 50% YoY.Operating profit decreased 14.8% YoY to JPY1.5bn, achieving 29.7% of the full-year forecast.

Renewable Japan (9522 JP): 1H FY12/24 flash update

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

<ul>
<li>Renewable Japan opened weak, down 7.6%, despite pricing at the top end of its range. </li>
<li>After the initial rush of flipping however the stock has recovered to trade up slightly vs. its IPO price. </li>
<li>The company released a presentation today prior to its debut and the LT prospects look attractive.</li>
</ul>


Renewable Japan opened weak, down 7.6%, despite pricing at the top end of its range. 
After the initial rush of flipping however the stock has recovered to trade up slightly vs. its IPO price. 
The company released a presentation today prior to its debut and the LT prospects look attractive.


Renewable Japan IPO – First Day Trading

<ul>
<li>We believe that Renewable Japan’s revenue growth prospects are strong and expect further margin improvement. </li>
<li>Valuations are at a premium although this is true throughout the sector to one degree or another. </li>
<li>Significant upside will thus depend on convincing investors that it is a little Renova.</li>
</ul>


We believe that Renewable Japan’s revenue growth prospects are strong and expect further margin improvement. 
Valuations are at a premium although this is true throughout the sector to one degree or another. 
Significant upside will thus depend on convincing investors that it is a little Renova.


<ul>
<li>Renewable Japan’s evolving revenue structure makes forecasting a little complex. </li>
<li>However, the pipeline of new projects and plans disclosed by its affiliated REIT point to a rosy picture. </li>
<li>We believe the company has the potential to more than double earnings over two to three years.</li>
</ul>


Renewable Japan’s evolving revenue structure makes forecasting a little complex. 
However, the pipeline of new projects and plans disclosed by its affiliated REIT point to a rosy picture. 
We believe the company has the potential to more than double earnings over two to three years.


<ul>
<li>Japan Renewable is a full chain renewable energy company focused on solar energy. </li>
<li>The company engages all the way from development and planning to electricity retail and has been growing steadily. </li>
<li>With strong performance previously for Tess Holdings we are positive on the name.</li>
</ul>


Japan Renewable is a full chain renewable energy company focused on solar energy. 
The company engages all the way from development and planning to electricity retail and has been growing steadily. 
With strong performance previously for Tess Holdings we are positive on the name.


Japan

Renewable Japan Co., Ltd. engages in development, generation, operation, and management of renewable energy power plants. The Company develops renewable energy projects and provides related financing, maintenance, asset management, and other services. Renewable Japan conducts businesses in Japan.

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Renewable Japan (9522 JP)