Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Our report is an authoritative Owner’s Manual on the company.
- A vital piece in the investor’s toolbox, our report allows you to uncover the essence of the business
- We pinpoint strengths and weaknesses; discuss strategy
- Our aim is to make deep knowledge about the company readily available, saving investors time and enabling dialogue

We offer our research as a service for Japanese corporates.
- Our in-depth reports allow them to better inform investors by presenting an unbiased third-party view of business fundamentals
- Our reports do not offer investment opinions and are free for all investors

We start our coverage with a substantial core report.
- We continuously update this report to reflect earnings, news flow, and any material developments
- We thoroughly interview management on a quarterly basis

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>Contract amounts decreased 9.2% YoY to JPY4.5bn, with enterprise market orders down 25.9% YoY, public market up 17.9%.</li><li>Sales declined 13.0% YoY to JPY4.8bn; excluding DAC deconsolidation, sales increased 6.2% YoY, enterprise market sales down 24.6%.</li><li>Operating profit was JPY2.1bn (-6.2% YoY), with GPM up 7.6pp to 69.3%, SG&A ratio increased 4.5pp.</li></ul>

Contract amounts decreased 9.2% YoY to JPY4.5bn, with enterprise market orders down 25.9% YoY, public market up 17.9%.Sales declined 13.0% YoY to JPY4.8bn; excluding DAC deconsolidation, sales increased 6.2% YoY, enterprise market sales down 24.6%.Operating profit was JPY2.1bn (-6.2% YoY), with GPM up 7.6pp to 69.3%, SG&A ratio increased 4.5pp.

Digital Arts (2326 JP): Q2 FY03/25 flash update