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>Quarterly revenue was JPY109.6bn, operating profit JPY2.4bn, recurring profit JPY2.7bn, and net income JPY1.9bn, all declining YoY.</li><li>Revised FY03/25 forecast projects revenue of JPY218.0bn, operating profit JPY5.5bn, recurring profit JPY5.8bn, and net income JPY4.3bn.</li><li>Cooling & Heating segment performed steadily; FA Systems segment recovery delayed due to inventory turnover and China's economic stagnation.</li></ul>

Quarterly revenue was JPY109.6bn, operating profit JPY2.4bn, recurring profit JPY2.7bn, and net income JPY1.9bn, all declining YoY.Revised FY03/25 forecast projects revenue of JPY218.0bn, operating profit JPY5.5bn, recurring profit JPY5.8bn, and net income JPY4.3bn.Cooling & Heating segment performed steadily; FA Systems segment recovery delayed due to inventory turnover and China's economic stagnation.

Ryoden Trading (8084 JP): 1H FY03/25 flash update