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
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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>Orders increased by 20.4% YoY to JPY61.8bn, while order backlog rose by 9.5% YoY to JPY44.1bn.</li><li>Operating profit grew 3.7% YoY to JPY1.4bn, but recurring profit decreased by 22.8% YoY due to foreign exchange loss.</li><li>Sales forecast for FY03/25 is JPY110.0bn (+1.3% YoY), with operating profit expected to decline 21.0% YoY.</li></ul>

Orders increased by 20.4% YoY to JPY61.8bn, while order backlog rose by 9.5% YoY to JPY44.1bn.Operating profit grew 3.7% YoY to JPY1.4bn, but recurring profit decreased by 22.8% YoY due to foreign exchange loss.Sales forecast for FY03/25 is JPY110.0bn (+1.3% YoY), with operating profit expected to decline 21.0% YoY.

Nihon Denkei (9908 JP): 1H FY03/25 flash update