Daily BriefsJapan

Daily Brief Japan: TSE Tokyo Price Index TOPIX, Paris Miki Holdings, Aucfan Co Ltd, Cross Marketing Group, Dai Ichi Cutter Kogyo Kk, en Japan Inc, Ferrotec Corp, Fast Fitness Japan Inc, Fields Corp, Careerlink and more

In today’s briefing:

  • Side Effects of Matching Numbers to Raise the Percentage of Female Board Members
  • Paris Miki Holdings (7455 JP): 1H FY03/25 flash update
  • Aucfan Co Ltd (3674 JP): Full-year FY09/24 flash update
  • Cross Marketing Group (3675 JP): Q1 FY06/25 flash update
  • Dai Ichi Cutter Kogyo Kk (1716 JP): Q1 FY06/25 flash update
  • en Japan Inc (4849 JP): 1H FY03/25 flash update
  • Ferrotec Corp (6890 JP): 1H FY03/25 flash update
  • Fast Fitness Japan Inc (7092 JP): 1H FY03/25 flash update
  • Fields Corp (2767 JP): 1H FY03/25 flash update
  • Careerlink (6070 JP): 1H FY03/25 flash update


Side Effects of Matching Numbers to Raise the Percentage of Female Board Members

By Aki Matsumoto

  • With external female board member resources under pressure, it will be extremely difficult to raise the percentage of female board members steadily at this rate.
  • The trump card for this is matching numbers. Increasingly, female board members with no management background or outside talent are being recruited to female managerial positions.
  • It is expected that fewer companies will move to Company with US type 3 Statutory Committees in order to avoid increasing the number of statutory executive officers.

Paris Miki Holdings (7455 JP): 1H FY03/25 flash update

By Shared Research

  • Sales increased by 3.6% YoY to JPY26.1bn, but operating profit decreased by 25.3% YoY to JPY1.2bn.
  • Paris Miki Inc. sales rose 4.2% YoY to JPY23.2bn, with 13 store openings and nine closures.
  • China subsidiary faced a sales decline of 0.9% YoY to JPY3.0bn, resulting in an operating loss.

Aucfan Co Ltd (3674 JP): Full-year FY09/24 flash update

By Shared Research

  • The company restructured its business segments in FY09/24, renaming Inventory Management Solution to Solution and Merchandise Distribution Platform to Platform.
  • Overall sales decreased by 5.9% YoY, while net income attributable to owners increased by 997.7% YoY.
  • NETSEA’s sales and operating profit increased YoY due to reduced advertising expenses, despite a decline in GMV.

Cross Marketing Group (3675 JP): Q1 FY06/25 flash update

By Shared Research

  • Revenue increased by 20.1% YoY to JPY6.8bn, with Digital Marketing contributing JPY3.1bn, Data Marketing JPY2.3bn, and Insight JPY1.4bn.
  • Operating profit reached JPY356mn, a significant improvement from a loss of JPY17mn in Q1 FY06/24, driven by higher gross profit.
  • Overseas operations revenue grew 16% YoY to JPY1.2bn, with forex negatively impacting by JPY30mn, excluding effects, growth was 24% YoY.

Dai Ichi Cutter Kogyo Kk (1716 JP): Q1 FY06/25 flash update

By Shared Research

  • Q1 FY06/25 revenue declined 6.7% YoY due to subsidiary exclusion, with operating profit falling 27.9% from increased costs.
  • FY06/25 forecast projects revenue of JPY21.0bn (+0.4% YoY) and operating profit of JPY2.5bn (+1.8% YoY).
  • Company focuses on expressway projects, sales in building maintenance, and R&D investment to enhance technical capabilities.

en Japan Inc (4849 JP): 1H FY03/25 flash update

By Shared Research

  • Consolidated sales declined to JPY32.5bn (-1.7% YoY), while net income attributable to owners reached JPY5.2bn (+570.2% YoY).
  • HR-Tech engage segment reported sales of JPY4.4bn (+45.3% YoY) with an operating loss of JPY1.6bn.
  • Human Resource Platform segment achieved JPY4.1bn in sales (+17.8% YoY) and an operating profit of JPY601mn.

Ferrotec Corp (6890 JP): 1H FY03/25 flash update

By Shared Research

  • The company achieved 112.6% of its sales target, leading to a revision of the full-year forecast.
  • Semiconductor Equipment-related business saw increased sales in vacuum products and semiconductor manufacturing materials, boosting segment performance.
  • The company raised its sales forecast by JPY30.0bn, anticipating strong demand from Chinese manufacturers in 2H FY03/25.

Fast Fitness Japan Inc (7092 JP): 1H FY03/25 flash update

By Shared Research

  • Revenue increased by 10.4% YoY to JPY8.6bn, with directly operated clubs contributing JPY5.3bn and franchise revenue JPY3.1bn.
  • Operating profit decreased by 28.2% YoY to JPY1.4bn, impacted by higher costs and growth investments, especially overseas.
  • Membership count rose to 935,000, with 33 new clubs opened and three closed, totaling 1,163 clubs.

Fields Corp (2767 JP): 1H FY03/25 flash update

By Shared Research

  • Group sales were JPY45.8bn (-31.7% YoY), with net income attributable to owners of the parent at JPY2.8bn (-31.5% YoY).
  • Content and Digital business sales reached JPY8.0bn (+7.9% YoY), driven by Tsuburaya Productions’ overseas revenue growth of 34.0% YoY.
  • PS business reported sales of JPY37.2bn (-37.0% YoY), with 48,636 amusement machines sold, down 77,389 units YoY.

Careerlink (6070 JP): 1H FY03/25 flash update

By Shared Research

  • Revenue decreased YoY across BPO and CRM businesses, but operating profit increased due to cost reduction efforts.
  • New partnerships with seven local governments expanded client base to 177, focusing on economic stimulus projects.
  • Revenue rose in food processing and manufacturing, driven by strong orders and efficient SG&A expense management.

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