In today’s briefing:
- Kyodo Printing (7914 JP): Coverage Initiaion
- EQD | The Nikkei’s Rally May Be About To Restart
Kyodo Printing (7914 JP): Coverage Initiaion
- In FY03/24, revenue was JPY97.0bn (+3.9% YoY), operating profit was JPY1.6bn (+103.5% YoY), recurring profit was JPY2.1bn (+61.6% YoY), and net income attributable to owners of the parent was JPY1.5bn (+19.3% YoY). Information Security earnings expanded due to a recovery in demand for transportation IC cards as inbound demand increased with the end of the COVID-19 pandemic.
- On the other hand, operating loss in Information Communication increased due to lower demand for publication printing.
- Kyodo Printing’s full-year forecast for FY03/25 calls for revenue of JPY104.0bn (+7.2% YoY), operating profit of JPY3.1bn (+96.6% YoY), recurring profit of JPY3.6bn (+72.8% YoY), and net income attributable to owners of the parent of JPY3.3bn (+117.4% YoY).
EQD | The Nikkei’s Rally May Be About To Restart
- The Nikkei 225 Index rallied last week, and closed the week up.
- Although slightly overbought, our models are not pointing to a SHORT opportunity here.
- If the index pulls back this coming week, it may be a good idea to BUY, in order to take advantage of a possible reprise of the rally.
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