Research from Mita Securities, Mita Securities

Mita Securities

Mita Securities provides a full scale diversified investment banking and financial services. A comprehensive investment banking department, specializes in rights offerings advisory, take-over bids agents, M&A etc. Including a proprietary trading desk, and wealth management department that offers brokerage, custody, real estate, and full proxy services.

Research from Mita Securities

Equity Bottom-Up

<ul><li>On April 13, Koshida Holdings (2157, the company) announced 1H FY8/22 sales of 16.533bn yen (+36.5% YoY), OP of 275m yen (-2.644bn yen loss in 1H FY8/21)</li><li>2Q (Dec-Feb) OP was 1.406bn yen (-1.661bn yen loss in 2Q FY8/21), a significant improvement from 1Q OP of -1.131bn yen</li><li>The total number of stores for the karaoke business at end-2Q was 584 (+7 from end-1Q; +25 from end-FY8/21)</li></ul>

On April 13, Koshida Holdings (2157, the company) announced 1H FY8/22 sales of 16.533bn yen (+36.5% YoY), OP of 275m yen (-2.644bn yen loss in 1H FY8/21)2Q (Dec-Feb) OP was 1.406bn yen (-1.661bn yen loss in 2Q FY8/21), a significant improvement from 1Q OP of -1.131bn yenThe total number of stores for the karaoke business at end-2Q was 584 (+7 from end-1Q; +25 from end-FY8/21)

Koshidaka Holdings (2157): 1H OP Turns to Positive; Significant Store Expansion