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>Sales reached JPY178.0bn, a 7.0% YoY increase, with directly managed stores contributing 98.9% of total sales.</li><li>Operating profit rose 16.9% YoY to JPY13.2bn, while net income increased 18.3% YoY to JPY8.9bn.</li><li>The company opened 84 directly managed stores and closed 49, totaling 2,056 stores by end-Q3 FY03/25.</li></ul>

Sales reached JPY178.0bn, a 7.0% YoY increase, with directly managed stores contributing 98.9% of total sales.Operating profit rose 16.9% YoY to JPY13.2bn, while net income increased 18.3% YoY to JPY8.9bn.The company opened 84 directly managed stores and closed 49, totaling 2,056 stores by end-Q3 FY03/25.

Seria Co Ltd (2782 JP): Q3 FY03/25 flash update

<ul><li>In 1H FY03/25, Seria's sales were JPY115.9bn (+8.2% YoY), with operating profit at JPY7.6bn (+23.7% YoY).</li><li>Seria revised its FY03/25 forecast, projecting sales of JPY234.4bn (+5.0% YoY) and operating profit of JPY15.6bn (+2.8% YoY).</li><li>The company plans to open 125 directly managed stores and close 78, with no new franchise openings.</li></ul>

In 1H FY03/25, Seria's sales were JPY115.9bn (+8.2% YoY), with operating profit at JPY7.6bn (+23.7% YoY).Seria revised its FY03/25 forecast, projecting sales of JPY234.4bn (+5.0% YoY) and operating profit of JPY15.6bn (+2.8% YoY).The company plans to open 125 directly managed stores and close 78, with no new franchise openings.

Seria Co Ltd (2782 JP): 1H FY03/25 flash update

<ul><li>Sales reached JPY58.1bn (+7.9% YoY), with directly managed stores contributing JPY57.4bn (+8.2% YoY) and franchised stores JPY467mn (-8.4% YoY).</li><li>Gross profit was JPY23.9bn (+8.0% YoY) with a GPM of 41.2%, and SG&A expenses were JPY20.0bn (+5.0% YoY).</li><li>Operating profit was JPY4.0bn (+26.1% YoY), recurring profit JPY4.0bn (+25.0% YoY), and net income JPY2.7bn (+29.3% YoY).</li></ul>

Sales reached JPY58.1bn (+7.9% YoY), with directly managed stores contributing JPY57.4bn (+8.2% YoY) and franchised stores JPY467mn (-8.4% YoY).Gross profit was JPY23.9bn (+8.0% YoY) with a GPM of 41.2%, and SG&A expenses were JPY20.0bn (+5.0% YoY).Operating profit was JPY4.0bn (+26.1% YoY), recurring profit JPY4.0bn (+25.0% YoY), and net income JPY2.7bn (+29.3% YoY).

Seria Co Ltd (2782 JP): Q1 FY03/25 flash update

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Thematic (Sector/Industry)

<ul>
<li>What is the current consumer environment for brands and retailers? Households are increasingly worried about inflation and have already begun to cut back on spending significantly. </li>
<li>With further international turmoil, inflation caused by a weak Yen and high import costs, depressed sentiment may not be going away soon.</li>
<li>One counter to this is bonuses which rose in December. Many companies say they need to pay more to keep staff from taking jobs elsewhere as the labour shortage worsens.</li>
</ul>


What is the current consumer environment for brands and retailers? Households are increasingly worried about inflation and have already begun to cut back on spending significantly. 
With further international turmoil, inflation caused by a weak Yen and high import costs, depressed sentiment may not be going away soon.
One counter to this is bonuses which rose in December. Many companies say they need to pay more to keep staff from taking jobs elsewhere as the labour shortage worsens.


Japanese Consumers Update: Price Pressure Reducing Spending but Bonuses Up

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>JPX has commenced a market consultation on changes to the <a href="https://www.smartkarma.com/entities/tokyo-stock-exchange-tokyo-price-index-topix" target="_blank" data-smartkarma-citation="entities:22910:1" rel="noopener">TSE Tokyo Price Index TOPIX (TPX INDEX)</a> including expansion of the universe and periodic stock selection.</li>
<li>Based on current market cap/ liquidity, there could be 38 adds and 447 deletions for the <a href="https://www.smartkarma.com/entities/tokyo-stock-exchange-tokyo-price-index-topix" target="_blank" data-smartkarma-citation="entities:22910:1" rel="noopener">TSE Tokyo Price Index TOPIX</a>, though the changes only start in October 2026. </li>
<li>The deletions will be phased out of the index in 8 steps that will end in July 2028 and most of the stocks will move to the TOPIX Next-tier. </li>
</ul>


JPX has commenced a market consultation on changes to the TSE Tokyo Price Index TOPIX (TPX INDEX) including expansion of the universe and periodic stock selection.
Based on current market cap/ liquidity, there could be 38 adds and 447 deletions for the TSE Tokyo Price Index TOPIX, though the changes only start in October 2026. 
The deletions will be phased out of the index in 8 steps that will end in July 2028 and most of the stocks will move to the TOPIX Next-tier. 


TOPIX Market Consultation: Wider Next-Gen Universe in a Couple of Years; But Stocks Moving Already

Japan

Seria Co., Ltd. operates 100 yen chain stores nationwide.   The Company also operates franchise business.  Seria's main product line includes household goods and snacks.

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Seria Co Ltd (2782 JP)