In today’s briefing:
- Nikon (7731) – Beware The Bloomberg Headline But There’s Value Here
- Fanuc (6954) | Profitability Problems Persist
- Advance Create (8798): Q1 FY09/24 Update
- TKC (9746): Q1 FY09/24 Update
Nikon (7731) – Beware The Bloomberg Headline But There’s Value Here
- Yesterday, post-close, Bloomberg reported a headline “*SILCHESTER REPORTS NIKON STAKE; MAY SEEK CAPITAL POLICY CHANGES“
- That was exciting. It was in all caps. It was activist-ish-y. Today the stock rose 10.3% and we got another article saying it was up because of Silchester’s filing.
- Beware the Bloomberg headline. Nuance is sometimes lost. They aren’t always designed to help investors invest. Often, the main purpose is clickbait.
Fanuc (6954) | Profitability Problems Persist
- Fanuc reported a -7% decline in revenue for FY3/24 and 26% decline in operating profit.
- The market will be disappointed by guidance for a further fall on the top line and 15% decline in profits as margins hit an all time low
- The valuation of 30x EV / EBIT suggests the market was hoping for a turnaround in profits this year. That recovery has now been pushed back
Advance Create (8798): Q1 FY09/24 Update
- Advance Create Co., Ltd. is an independent insurance agent that sells insurance products mainly to individuals on behalf of multiple insurance companies, also undertaking follow-up services on their behalf.
- In FY09/23, the company reported revenue of JPY10.2bn, operating loss of JPY2.0bn, recurring loss of JPY2.2bn, and net loss attributable to owners of the parent of JPY1.8bn
- On February 20, 2024, Advance Create Co., Ltd. announced that it expects to receive dividends from its consolidated subsidiary, Advance Create Reinsurance Incorporated.
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 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.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
