Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Small Cap Growth: TeamSpirit (4397) - Nirvana for Workers

Japan Small Cap Growth: TeamSpirit (4397) - Expect Brighter Second Half

Small Cap Growth: Rakus (3923) - Sayonara Manual Expenses!

Equity Bottom-Up

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<p><strong><span xml:lang="EN-US" data-contrast="auto">Q2 Trading update</span> </strong></p>
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<span xml:lang="EN-US" data-contrast="auto"><a href="https://www.smartkarma.com/entities/teamspirit-inc" target="_blank" data-smartkarma-citation="entities:29704:1" rel="noopener">TeamSpirit Inc (4397 JP)</a>  reported 2Q FY8/21 earnings after the April 9 close. The stock price fell by around 20% following that and a full-year guidance cut. </span><span data-ccp-props='{"201341983":0,"335559739":160,"335559740":259}'> </span>
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<span xml:lang="EN-US" data-contrast="auto">The market reacted to the slower than anticpated growth in licences, which is the key revenue driver. Full year sales estimates were cut 8% to ¥2.9b. </span><span data-ccp-props='{"201341983":0,"335559739":160,"335559740":259}'> </span>
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<span xml:lang="EN-US" data-contrast="auto">We take a positive view of management reaffirming its growth strategy and stepping up marketing activities for the new enterprise product, TeamSpirit EX. </span><span data-ccp-props='{"201341983":0,"335559739":160,"335559740":259}'> <br><br></span>
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Q2 Trading update 




TeamSpirit Inc (4397 JP)  reported 2Q FY8/21 earnings after the April 9 close. The stock price fell by around 20% following that and a full-year guidance cut.  


The market reacted to the slower than anticpated growth in licences, which is the key revenue driver. Full year sales estimates were cut 8% to ¥2.9b.  


We take a positive view of management reaffirming its growth strategy and stepping up marketing activities for the new enterprise product, TeamSpirit EX.    








Japan Small Cap Growth: TeamSpirit - Better Days Ahead