Research Coverage of Japanese Listed Companies, Shared Research Inc

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Research Coverage of Japanese Listed Companies

Shift (3697): Profitability Rebound Underway

Have the Rules for Bottom Fishing Changed?

Shared Research Inc

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Equity Bottom-Up

<ul><li>In cumulative Q3 FY08/24, the company reported sales of JPY81.1bn (+28.1% YoY) and net income of JPY3.3bn (-17.2% YoY).</li><li>Q3 GPM was 31.7%, with the Software Testing segment reporting JPY52.4bn in sales and JPY17.5bn in gross profit.</li><li>Software Development segment sales were JPY25.7bn (+33.6% YoY), while operating profit declined due to lower utilization at subsidiaries.</li></ul>

In cumulative Q3 FY08/24, the company reported sales of JPY81.1bn (+28.1% YoY) and net income of JPY3.3bn (-17.2% YoY).Q3 GPM was 31.7%, with the Software Testing segment reporting JPY52.4bn in sales and JPY17.5bn in gross profit.Software Development segment sales were JPY25.7bn (+33.6% YoY), while operating profit declined due to lower utilization at subsidiaries.

Shift Inc (3697 JP): Q3 FY08/24 flash update