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>In FY09/24, TKC reported sales of JPY75.2bn, operating profit of JPY15.5bn, and net income of JPY11.3bn.</li><li>The company forecast for FY09/25 includes sales of JPY80.0bn, operating profit of JPY15.7bn, and a dividend of JPY100 per share.</li><li>For FY09/27, TKC projects a decline in sales and profit due to the absence of system standardization growth drivers.</li></ul>

In FY09/24, TKC reported sales of JPY75.2bn, operating profit of JPY15.5bn, and net income of JPY11.3bn.The company forecast for FY09/25 includes sales of JPY80.0bn, operating profit of JPY15.7bn, and a dividend of JPY100 per share.For FY09/27, TKC projects a decline in sales and profit due to the absence of system standardization growth drivers.

Tkc Corp (9746 JP): Full-year FY09/24 flash update

<ul><li>Sales grew 2.4% YoY to JPY55.2bn, with Accounting Firm segment up 3.4% YoY and Local Government segment up 0.5% YoY.</li><li>Operating profit increased 1.9% YoY to JPY13.6bn, with Accounting Firm segment up 2.1% YoY and Local Government segment up 6.4% YoY.</li><li>Net income attributable to owners of the parent decreased 0.7% YoY to JPY9.7bn, despite overall sales and operating profit growth.</li></ul>

Sales grew 2.4% YoY to JPY55.2bn, with Accounting Firm segment up 3.4% YoY and Local Government segment up 0.5% YoY.Operating profit increased 1.9% YoY to JPY13.6bn, with Accounting Firm segment up 2.1% YoY and Local Government segment up 6.4% YoY.Net income attributable to owners of the parent decreased 0.7% YoY to JPY9.7bn, despite overall sales and operating profit growth.

Tkc Corp (9746 JP): Q3 FY09/24 flash update

<ul>
<li>TKC Corporation provides accounting and tax services to accounting firms (and client companies they advise), local governments, and others using its own computational centers, while subsidiary TLP Corp.</li>
<li>In full-year FY09/23, the company reported consolidated sales of JPY71.9bn, operating profit of JPY14.3bn, recurring profit of JPY14.8bn, and net income attributable to owners of the parent of JPY10.8bn.</li>
<li>TKC does not release a medium-term business plan. However, it is pursuing the following four objectives in close cooperation with TKC National Federation.</li>
</ul>


TKC Corporation provides accounting and tax services to accounting firms (and client companies they advise), local governments, and others using its own computational centers, while subsidiary TLP Corp.
In full-year FY09/23, the company reported consolidated sales of JPY71.9bn, operating profit of JPY14.3bn, recurring profit of JPY14.8bn, and net income attributable to owners of the parent of JPY10.8bn.
TKC does not release a medium-term business plan. However, it is pursuing the following four objectives in close cooperation with TKC National Federation.


Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Several days ago I published a piece showing the data for TOPIX flows for April month-end.</li>
<li>This is an update reflecting new data companies have reported to regulators, one large correction to a data provider's data, and one Very Large Flow.</li>
<li>I believe that the revised data is more accurate. And there is more flow. With a spreadsheet attached. </li>
</ul>


Several days ago I published a piece showing the data for TOPIX flows for April month-end.
This is an update reflecting new data companies have reported to regulators, one large correction to a data provider's data, and one Very Large Flow.
I believe that the revised data is more accurate. And there is more flow. With a spreadsheet attached. 


Updated TOPIX Big April Basket Flows; More Big Flows and ¥270bn a Side

<ul>
<li>Every year in April there is an interesting phenomenon with TOPIX. It is what <a href="https://www.smartkarma.com/profiles/janaghan-jeyakumar-cfa" target="_blank" data-smartkarma-citation="accounts:3173" rel="noopener">Janaghan Jeyakumar, CFA</a> calls "The Big April Basket." The TSE re-assesses Liquidity Factor Coefficients.</li>
<li>It also does a FFW change, and this year it has Phased Weight Reductions for those slowly leaving TOPIX and PWR re-inclusions for those identified last October as going back.</li>
<li>Janaghan had 18 "High Conviction" LF removals. All were hits. They are upweights. Then there are 34 changes to FFW coefficients.</li>
</ul>


Every year in April there is an interesting phenomenon with TOPIX. It is what Janaghan Jeyakumar, CFA calls "The Big April Basket." The TSE re-assesses Liquidity Factor Coefficients.
It also does a FFW change, and this year it has Phased Weight Reductions for those slowly leaving TOPIX and PWR re-inclusions for those identified last October as going back.
Janaghan had 18 "High Conviction" LF removals. All were hits. They are upweights. Then there are 34 changes to FFW coefficients.


The TOPIX Big April Basket Flows:  ¥200bn a Side Including Many Multi-ADV Flows

Japan

TKC Corporation is an consulting firm that provides accounting and tax information with local and overseas clients.  The Company provides database services for judicial precedents in tax and civil law.  TKC develops and sells personal computer and office automation equipment, and also provides nationwide management data-process consulting services.

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Tkc Corp (9746 JP)

Tkc Corp (9746 JP): Full-year FY09/24 flash update

In FY09/24, TKC reported sales of JPY75.2bn, operating profit of JPY15.5bn, and net income of JPY11.3bn. The company forecast for FY09/25 includes...

Shared Research

Tkc Corp (9746 JP): Q3 FY09/24 flash update

Sales grew 2.4% YoY to JPY55.2bn, with Accounting Firm segment up 3.4% YoY and Local Government segment up 0.5% YoY. Operating profit increased...

Shared Research

TKC (9746): Q1 FY09/24 Update

TKC Corporation provides accounting and tax services to accounting firms (and client companies they advise), local governments, and others using...

Shared Research

Updated TOPIX Big April Basket Flows; More Big Flows and ¥270bn a Side

Earnings releases in tech will start to pick up the next few days, and while the market is open on the 29th then also on the 1st and 2nd, the 5-day...

Travis Lundy

The TOPIX Big April Basket Flows: ¥200bn a Side Including Many Multi-ADV Flows

The TOPIX Big April Basket is ¥200bn a side of flows - FFW changes, PWR cascading deletions, PWR unwinds, share count changes, Liquidity Factor...

Travis Lundy

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